Transparency Market Research

Telemedicine Market Growing at a CAGR of 14.30% over the Period Between 2014 to 2020

 

Albany, NY -- (SBWIRE) -- 11/27/2017 -- The research report states that the global telemedicine market was valued at US$14.3 bn in 2014 and is estimated to reach US$36.3 bn by 2020, growing at a CAGR of 14.30% from 2014 to 2020.The global telemedicine market has been witnessing a boom due to the growing demand for privacy, increasing government expenditure, supportive reimbursement policies, and rise in the demand for personal healthcare. In addition to this, the efforts of global telemedicine market players to tap into the unmet medical needs in remote places and the increasing patient pool in rural areas will also help the proliferation of this market.

Read Report Overview @ https://www.transparencymarketresearch.com/telemedicine-market.html

The biggest restraints on the global telemedicine market are the shortage of trained medical staff and poor response time. This problem is further worsened by the lack of assurance amongst patients and practitioners about the risk of incomplete or inadequate assessment might also limit the growth of this market.The global telemedicine market has been segmented on the basis of specialty, service, and geography.

The market is segmented into the specialty segments of dermatology, cardiology, neurology, orthopedics, internal medicine, emergency care, gynecology, and others. The type segments of the market are tele-monitoring, tele-consultation, tele-education, tele-training, tele-care, and tele-surgery. Geographically, the global telemedicine market is segmented into regions such as Asia Pacific, Europe, North America, and Rest of the World

Request Sample Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3032

According to research analysts, the neurology segment is expected to grow at a CAGR of 15.90% till 2020 as Alzheimer's and Parkinson's diseases remain on the rise. Medical consultation services will remain the most commonly used form of telemedicine used by physicians for expanding the outreach of their medical advice. The tele-monitoring segment will also enjoy an upward trend due to the increasing diabetic and disabled population.

The research report on the global telemedicine market profiles some of the key players such as Allscripts Healthcare Solutions, Inc., Agfa HealthCare NV, InTouch Technologies, Inc., CARDIOCOM, LLC, CISCO Systems, Inc., F. Hoffmann-La Roche Ltd., AMD Global Telemedicine, Inc., Honeywell HomMed LLC, OBS Medical Ltd., LifeWatch AG, Medtronic, Inc., Siemens Healthcare, and McKesson Corp. This chapter helps in understanding the competitive landscape and assesses the intensity of the competition. It gives a detailed explanation of the company profile, financial status, and research and development plans.

About Transparency Market Research
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR's syndicated reports strive to provide clients to serve their overall research requirement.