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Global Telemedicine Market - Rising Demand for Digital Health Platform to Boost Growth | Technavio
[February 10, 2018]

Global Telemedicine Market - Rising Demand for Digital Health Platform to Boost Growth | Technavio


The latest market research report by Technavio on the global telemedicine market predicts a CAGR of more than 19% during the period 2018-2022.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180210005012/en/

Technavio has published a new market research report on the global telemedicine market from 2018-202 ...

Technavio has published a new market research report on the global telemedicine market from 2018-2022. (Graphic: Business Wire)

The report segments the global telemedicine market by product (solutions and services), by application (telehospital and telehome), and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Here are some key findings of the global telemedicine market, according to Technavio ICT researchers:

  • Increased demand for digital health platform: a major market driver
  • In 2017, the services segment dominated the market by occupying almost 59% market share
  • The Americas dominated the global telemedicine market with more than 39% share in 2017
  • IBM (News - Alert), GE, Koninklijke Philips, Siemens, and HP are some of the players in the market

Save more with Technavio. Buy 2 reports and get the third for free: View Technavio's latest discounts and promotions

Increased demand for digital health platform: a major market driver

Increased demand for digital health platform is one of the major factors driving the global telemedicine market. The healthcare industry is observing phenomenal changes. This is indicated by the growing adoption of digital health platforms such as m-health, telehealth, EMR, and other wireless technologies. Currently, digital health platforms are important elements in every healthcare organization as they enable remote monitoring of patients, increase healthcare delivery efficiencies, improve access to electronic health information, and improve the quality of healthcare services along with cost reduction.

According to a senior analyst at Technavio for research on IT spending, "Through remote monitoring, patients can obtain automated follow-ups and get a continued connection to healthcare services in terms of the day-to-day healing process and further patient examination if required. Digital health platforms support a wide range of healthcare needs and functions such as chronic disease management, clinical decision support, and population health management."

Looking for more information on this market? Request a free sample report

Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Americas: largest telemedicine market

In 2017, the Americas dominated the global telemedicine market. The share of APAC in the global telemedicine market will have a substantial growth during the forecast period when compared with the Americas and EMEA. The Americas and EMEA are anticipated to have slow growth during the forecast period because they are early adopters of new technology. As a result, there is market saturation in the North American and Western European countries, leading to a decline in their market share. APAC is expected to witness high growth rate during the forecast period due to the increasing awareness of telemedicine and the high penetration of global vendors offering telemedicine solutions in APAC.

Growing acceptance of video consulting: a major market trend

Due to the declining cost of smart devices and increasing internet penetration, people can consult doctors at their convenience without having to travel long distances for minor treatments or consultations. Doctors may also provide support to their patients constantly without being present at their clinics or hospitals. Therefore, there is increased acceptance of video consulting. Video consulting allows both patients and doctors to save a lot of time and make use of or provide timely care in case of chronic diseases and sudden ill-health. It aids in providing first aid in a crisis, but it can also be used to provide special hospital services that increase the chances of patient survival.



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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.


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