Latest published report on the Telemedicine market, found on the Qualiket Research website revealed a great deal about various market dynamics. These driving factors influence the market from a very miniscule level to its holistic standard and can traverse limitations to assist the market achieve a significant growth rate over the analysis period of 2020-2027.
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Telemedicine is defined as the diagnosis or treatment of patients by means of telecommunication technology. Telemedicine have various benefits such as better management of chronic diseases, reduced travel time, reduce the cost of health care, increases efficiency, and shorter hospital stays. Telemedicine is a game-changer for healthcare industry it brings healthcare system directly into the patients door. Telemedicine is based on various technologies such as email, smartphones, and video conferencing.
Global Telemedicine Market Drivers
Advancements in information and communication technology is the major driving factor for the telemedicine market which is expected to boost the telemedicine market, growth in near future. Furthermore, rise in geriatric population will increase the demand for telemedicine in this forecast period. Nowadays, telemedicine rapidly transforming healthcare industry, and in the next few years it may become the most accepted, and used method of diagnosis and treatment. Increase in research and development activities such as remote patient monitoring is expected to boost the growth of global telemedicine market.
Global Telemedicine Market Restraints
High initial capital requirements, and lack of physician support are the major restraining factors which is expected to hinder the growth of global telemedicine market growth. Also, Legal and reimbursement issues expected to hamper the global telecommunication market growth.
Global Telemedicine Market Key Players
Various key players are discussed into the global telemedicine market including McKesson Corporation, Philips Healthcare, GE Healthcare Ltd., Cerner Corporation, IBM, Honeywell Life Care Solutions, AMD Global Telemedicine, Inc., Cisco Systems, Medtronic PLC., and InTouch Technologies Inc.
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Global Telemedicine Market Taxonomy
By Product Types
- Mobile Health
By Delivery Mode
- On-Premise Delivery
- Cloud-Based Delivery
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
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