Pune, India -- (SBWIRE) -- 11/05/2018 -- Industry Trends:
The advent of advanced technology has led to the development of services such as telemedicine and telehealth. This market is providing solutions for the current drawbacks in healthcare industry. With the changing dimensions of telecommunication, creators have been focusing on telephone and telegraphic aspects as they are anticipated to design the future of on demand services. Early on, similar solutions were adopted in military situations, especially during wars for ordering emergency medical supplies and medical consultation from remote locations. Telegraph formed to be an important medium for delivering casualty and injury lists. Back then, the defense industry used burgeoning technology as a way to reach soilders stuck up in life and death situation. University of Nebraska used two-way interactive television for the first time in 1959 to transmit neurological examinations across campus to their medical students. Telemedicine technology is generally used for remote patient monitoring, which allows the practitioners to monitor them from the luxury of their homes. This has helped reduce the hospital admission and travelling costs. The rising popularity of mobile phone devices has aided to open new avenues such as store-and-forward and interactive telemedicine. The caregivers can instantly receive data such as blood sugar levels, blood pressure or other vital signs, therefore providing instant assistance. All these factors are driving growth of the global telemedicine market.

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Global Telemedicine Market, By Type
The telemedicine technology has helped clinicians to deliver assistance to their patients from the luxury of their homes. Real Time and Store-and-Forward methods are the further subsets of healthcare utility. The store-and-forward system is also known as asynchronous telehealth, clinically captures images, audio, video and text files from a remote site to the practitioner for interpretation without requiring the simultaneous presence of the patient. A significant portion of the telehealth literature involves real time solutions, where a two-way interaction is done between a doctor and his patient over the communication medium. Real-time telemedicine can be used in lieu of a trip to the doctor's office in emergency situations. Each type of telemedicine gives providers a chance to expand their access to patients and have emerged as prominent segments generating substantial market share.

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Global Telemedicine Market, By Components
Health Information Technology (health IT) is a broad concept and over the period of time it has formulated an array of technologies to store, share, and analyze health information. The latest applications developed in delivering these services has enabled the healthcare providers to service more patients in less time and to reduce the overhead of patient check in and waiting areas. The software segment has been witnessed to generate the highest market share as it has added a new way to deliver facilities without adding additional complexity and has made it possible for patients to get the care they need from anywhere.
Global Telemedicine Market, By Deployment Type
Telemedicine has proven to be a valuable tool for empowering access information exchange and cater to the very high patients-per-doctor ratios. Cloud-based health information system, which are designed by exploiting modern information and communication technologies such as SQL-triggers and OWL-ontologies, thus promoting patient-centric healthcare. It has brought in real-time data accessibility and video streaming options, and is therefore improving health scenario all over the world.
Global Telemedicine Market, By Region
On the basis of geographical basis, the global market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. Factors such as growth in geriatric populations in provinces such as North America and Asia Pacific has resulted in high penetration of telehealth services in these regions.
Competitive Landscape:
The report provides both, subjective and quantitative research of the market, as well as integrates worthy insights into the rational scenario and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as M&A, affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their headquarter base, competitors, product type, application and specification, pricing, and gross margin.
Some of the prominent competitors of Aerotel Medical Systems, Allscripts, AMD, AMD Global Telemedicine, Inc., Bio Telemetry, Cerner Corporation, Cisco, CloudVisit Telemedicine, GE Healthcare, Global Telemedicine, Inc., Haemonetics Corporation, Honeywell, IBM, InTouch Health, Koninklijke Philips N.V., Maestros Mediline Systems Ltd., McKesson Corporation, Medisoft Telemedicine Pvt. Ltd., Medtronic plc., SHL Telemedicine, and SnapMD, Inc. amongst others.