Telemedicine involves the use of
information technology and telecommunication to provide healthcare at a
remote location. The primary concept of telemedicine is to negate the
distance factor in providing life saving clinical healthcare.
Telemedicine can be classified on the basic on technology and services
used. Based on services, telemedicine can be divided into remote
monitoring, store and forward (real-time) interactive services.
Furthermore, based on the application, telemedicine is classified as
Telecardiology, Teleconsultation, Teledermatology and Teleradiology.
Telesurgery and home telehealth are not very popular in the BRIC region
and are in the nascent stage.
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The BRIC countries have a high
proportion of population that suffers from diseases like diabetes and
asthma. The BRIC telemedicine market is expected to grow with a CAGR of
15%. Another driving factor for the telemedicine market is the
requirement of medical facilities in rural areas. Rural areas lack good
medical facilities and hence the concept of telemedicine is very well
accepted in the developing areas. The advent of high speed internet and
telecommunication in these countries has made telemedicine possible and
this is a factor for the continued growth of the market in these
regions. The cost associated with telemedicine is often lower as
compared to conventional healthcare and hence is a positive factor for
the development of the market.
Though the cost of telemedicine is
often lower, the infrastructure cost to provide telemedicine facility is
often high. This high cost acts as a hindrance to the development of
the market along with the lack of interest from patients and doctors
restraints the growth of the market. There are still certain legal
hassles in telemedicine, which have not yet been solved.
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The opportunity lies in developing a
knowledge sharing platform to enhance the scope for telemedicine market.
Also the support of the government in promoting the telemedicine
market would be crucial for its development. Increasing the awareness
of patients about the advantages of telemedicine is crucial for
sustained growth.
Some of the key players in the
telemedicine market are Aerotel Medical Systems, Apollo Hospitals, IBM
Healthcare and Lifesciences, Wipro, Manipal Hospital and others.
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This research report analyzes
this market depending on its market segments, major geographies, and
current market trends. Geographies analyzed under this research report
include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints.
It provides market projections for the coming years. It includes
analysis of recent developments in technology, Porter’s five force model
analysis and detailed profiles of top industry players. The report
also includes a review of micro and macro factors essential for the
existing market players and new entrants along with detailed value
chain analysis.
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