Telemedicine Technologies Global Market Opportunities And Strategies To 2022 Including: Tele-Home, Tele-Hospital, Tele-Radiology, Tele-Consultation, Tele-Monitoring, Tele-Surgery, And Others Covering: Aerotel Medical Systems, Cerner Corporation, AMD Telemedicine, GE Healthcare, Polycom Inc. and Honeywell Life Care Solutions
July 2018
74
About the Report
About the Report
Telemedicine allows healthcare professionals to evaluate, diagnose and treat patients in remote locations by using telecommunications and information technology as medium of communication between patients and doctors. Telemedicine is also referred to as telehealth or e-health. Telemedicine enables patients in remote locations to access medical expertise easily, efficiently and without travel. Telemedicine provides more efficient use of limited expert resources to monitor patients in remote locations whenever it is required without leaving their facility. In addition, this technology helps local practitioners to consult with their peers and with other clinical experts when it is required. Telemedicine further allows them to participate in seminars and educational conferences they would not normally have access to without travel and time away from their patient.
Telemedicine has now become standard medical practice and is in daily use across various developed and developing countries as a cost effective solution to deliver healthcare treatment patients in remote locations. Over 10,000 peer review papers have been published over the past 20 years supporting the clinical effectiveness and cost savings of telemedicine. Telemedicine services found its application various medical service areas such as pathology, cardiology, dermatology, pediatrics, genetics, radiology, psychiatry, diabetes control, among others.
The global telemedicine technologies market is primarily driven by pressure to reduce healthcare costs, increased use of mobile devices for healthcare and increase in government funding. In addition, rise in base of geriatric population, increased medical treatments in remote locations, technological advances and rise in demand for quality healthcare further propelling the growth of this market.
Despite the presence of several drivers, the market for telemedicine is facing some challenges and a major challenge is the lack of common standards. The specific standards of telehealth applications for various medical service segments still needs to be defined appropriately by healthcare administrators in various countries. Another challenge is the management of large volume of data that is increasing exponentially as a result of advances in telehealth technology.
Geographically, the market for telemedicine is led by North America and is followed by Europe and APAC. Strong regulatory support, early adoption and consumer awareness made US, the leading country for telemedicine technologies market.
Some of the prominent players of this market include Aerotel Medical Systems Limited, AMD Telemedicine, Inc., Apollo PACS Inc., GE Healthcare Ltd., Polycom, among others.
The global market for telemedicine technologies was valued at USD 26.7 billion in 2016 and is expected to reach USD 77.2 billion by 2022, growing at a CAGR of 19.4% during the forecast period of 2017 to 2022.
Products
Products
Tele-Home, Tele-Hospital, Tele-Radiology, Tele-Consultation, Tele-Monitoring, Tele-Surgery, And Others
Companies
North America: McKesson Corporation, F. Hoffmann-La Roche Ltd., Medtronic plc, GE Healthcare, Honeywell International, Inc., AMD Global Telemedicine, Inc., BioTelemetry, Inc., CardioComm Solutions, Inc., InTouch Technologies, Inc.
South America: 3M Company, Telefonica
Western Europe: Koninklijke Philips N.V., LifeWatch, Robert Bosch Healthcare, Agfa HealthCare NV, OBS Medical Ltd
Eastern Europe: GE Healthcare, 3M Company
Asia-Pacific: Apollo Tele Health Services, Neusoft Corporation
Middle East: LifeWatch Sagl?k Hizmetleri A.S., Aerotel Medical Systems Ltd., Mennen Medical Ltd., SHL Telemedicine
Africa:
Table of Contents
Table of Contents
1. Introduction
1.1. Research Scope And Description
2. Executive Summary
3. Global Telemedicine Technologies Market Overview
3.1. Market Drivers
3.1.1. Aging Population
3.1.2. Shortage Of Physicians And Specialist Healthcare Professionals
3.1.3. Ubiquity Of Mobile Technologies Drive The Market Growth
3.1.4. Lowering Costs And Improving Patient Satisfaction Will Drive Market Growth
3.2. Market Challenges
3.2.1. Privacy And Security Concerns Hindering The Growth Of Market
3.2.2. Dearth Of Trained Professionals With Expertise In Telemedicine Applications Might Hamper Market Growth
3.2.3. High Cost Of Telemedicine Technologies Hamper The Growth Of Global Telemedicine Technologies Market
4. Porter's Five Forces
4.1. Bargaining Power Of Suppliers
4.2. Bargaining Power Of Buyers
4.3. Threat Of New Entrants
4.4. Threat Of Substitutes
4.5. Competitive Rivalry
5. Competitive Landscape
6. Global Telemedicine Technologies Market
6.1. Global Telemedicine Technologies Market, By Service Area
7. Global Telemedicine Technologies: Market Segmentation
7.1.1. Tele-Home Segment
7.1.2. Tele-Hospital Segment
7.2. Global Telemedicine Technologies Market, By Application
7.2.1. Tele-Radiology
7.2.2. Tele-Consultation
7.2.3. Tele-Monitoring
7.2.4. Tele-Surgery
7.2.5. Others
7.3. Global Telemedicine Technologies Market, By Geography
7.4. North America
7.4.1. North America Telemedicine Technologies Market
7.4.2. North America Telemedicine Technologies Market Segmentation, By Type Of Service Area
7.4.3. North America Telemedicine Technologies Market Segmentation, By Type Of Application
7.5. Europe
7.5.1. Europe Telemedicine Technologies Market
7.5.2. Europe Telemedicine Technologies Market Segmentation, By Type Of Service Area
7.5.3. Europe Telemedicine Technologies Market Segmentation, By Type Of Application
7.6. Asia-Pacific
7.6.1. Asia-Pacific Telemedicine Technologies Market
7.6.2. Asia-Pacific Telemedicine Technologies Market Segmentation, By Type Of Service Area
7.6.3. Asia-Pacific Telemedicine Technologies Market Segmentation, By Type Of Application
7.7. Rest Of The World (RoW)
7.7.1. RoW Telemedicine Technologies Market
7.7.2. RoW Telemedicine Technologies Market Segmentation, By Type Of Service Area
7.7.3. RoW Telemedicine Technologies Market Segmentation, By Type Of Application
8. Company Profiles
8.1. Aerotel Medical Systems
8.1.1. Company Overview
8.1.2. Business Strategy
8.1.3. Financial Overview
8.1.4. Products And Services
8.1.5. Recent Developments
8.1.6. Key Executives
8.2. Cerner Corporation
8.2.1. Company Overview
8.2.2. Business Strategy
8.2.3. Financial Overview
8.2.4. Products And Services
8.2.5. Recent Developments
8.2.6. Key Executives
8.3. AMD Telemedicine
8.3.1. Company Overview
8.3.2. Business Strategy
8.3.3. Financial Overview
8.3.4. Products And Services
8.3.5. Recent Developments
8.3.6. Key Executives
8.4. GE Healthcare (Subsidiary of GE)
8.4.1. Company Overview
8.4.2. Business Strategy
8.4.3. Financial Overview
8.4.4. Products And Services
8.4.5. Recent Developments
8.4.6. Key Executives
8.5. Polycom Inc.
8.5.1. Company Overview
8.5.2. Business Strategy
8.5.3. Financial Overview
8.5.4. Products And Services
8.5.5. Recent Developments
8.5.6. Key Executives
8.6. Honeywell Life Care Solutions (Subsidiary of Honeywell International Inc.)
8.6.1. Company Overview
8.6.2. Business Strategy
8.6.3. Financial Overview
8.6.4. Products And Services
8.6.5. Recent Developments
8.6.6. Key Executives
9. Appendix
9.1. Research Methodology
9.2. Sources
9.2.1. Secondary Research
9.3. Market Data Sources
9.4. Note on Currency Conversions
9.5. Research Inquiries
9.6. The Business Research Company
9.7. Copyright and Disclaimer
List of Figure
Figure 1: Relationship Between Telemedicine And Healthcare Information Technology (HIT)
Figure 2: Global Telemedicine Technologies Market, Drivers And Restraints
Figure 3: Global Telemedicine Technologies Market, Average Life Expectancy, By Region, 1960-2095
Figure 4: USA Projected Physician Shortage, 2014-2025
Figure 5: USA Number Of Smartphone Users, As A Share Of Mobile Phone Users, As A Share Of The Population, 2012-2017
Figure 6: Global Telemedicine Technologies Market, Porter's Five Forces
Figure 7: Major Telemedicine Technologies Market Players, Financial Analysis, 2016
Figure 8: Global Telemedicine Technologies Market, Historic And Forecast, USD Billion, 2014-2022
Figure 9: Global Telemedicine Technologies Market, Historic And Forecast, By Type of Service Area, USD Billion, 2014-2022
Figure 10: Global Telemedicine Technologies: Market Segmentation
Figure 11: Global Tele-Home Technologies Market, Historic And Forecast, USD Billion, 2014-2022
Figure 12: Global Tele-Hospital Technologies Market, Segmentation By End-User Type
Figure 13: Global Tele-Hospital Technologies Market, Historic And Forecast, USD Billion, 2014-2022
Figure 14: Global Tele-Radiology Technologies Market, Historic And Forecast, USD Billion, 2014-2022
Figure 15: Tele-Consultation Infrastructure
Figure 16: Global Tele-Consultation Technologies Market, Historic And Forecast, USD Billion, 2014-2022
Figure 17: Global Tele-Monitoring Technologies Market, Historic And Forecast, USD Billion, 2014-2022
Figure 18: Global Tele-Surgery Technologies Market, Historic And Forecast, 2014-2022
Figure 19: Global Other Telemedicine Technologies Applications Market, Historic And Forecast, USD Billion, 2014-2022
Figure 20: North America Telemedicine Technologies Market, USD Billion, 2014-2022
Figure 21: Europe Telemedicine Technologies Market, Historic And Forecast, USD Billion, 2014-2022
Figure 22: Asia-Pacific Telemedicine Technologies Market, Historic And Forecast, USD Billion, 2014-2022
Figure 23: RoW Telemedicine Technologies Market, Historic And Forecast, USD Billion, 2014-2022
List of Table
Table 1: Global Telemedicine Technologies Market, Market Snapshot, 2017 and 2022
Table 2: Average Life Expectancy In The Top Ranked Countries
Table 3: Global Telemedicine Technologies Market, Competitive Landscape, Major Players' Profiles, 2017
Table 4: Global Telemedicine Technologies Market, Competitive Landscape, Major Players' Profiles, 2017
Table 5: Global Telemedicine Technologies Market, Historic And Forecast, By Type of Applications, USD Billion, 2014-2022
Table 6: Global Telemedicine Technologies Market, Historic And forecast, By Geography, USD Billion, 2014-2022
Table 7: North America Telemedicine Technologies Market, Historic And Forecast, By Type Of Service Area, USD Billion, 2014-2022
Table 8: North America Telemedicine Technologies Market, Historic And Forecast, By Type Of Application, USD Billion, 2014-2022
Table 9: Europe Telemedicine Technologies Market, Historic And forecast, Type Of Service Area, USD Billion, 2014-2022
Table 10: Europe Telemedicine Technologies Market, Type Of Applications, USD Billion, 2014-2022
Table 11: Asia-Pacific Telemedicine Technologies Market, Historic And Forecast, By Type Of Service, USD Billion, 2014-2022
Table 12: Asia-Pacific Telemedicine Technologies Market, Historic And Forecast, By Type Of Applications, USD Billion, 2014-2022
Table 13: RoW Telemedicine Technologies Market, Historic And Forecast, By Type Of Service Area, USD Billion, 2014-2022
Table 14: RoW Telemedicine Technologies Market, Historic And forecast, By Type Of Applications, USD Billion, 2014-2022
Table 15: Aerotel Medical Systems, Company Profile
Table 16: Aerotel Medical Systems Financial Overview
Table 17: Aerotel Medical Systems Financial Overview, By Division
Table 18: Aerotel Medical Systems Key Executives
Table 19: Cerner Corporation, Company Profile
Table 20: Cerner Corporation Financial Overview
Table 21: Cerner Corporation Key Executives
Table 22: AMD Telemedicine, Company Profile
Table 23: AMD Telemedicine Key Executives
Table 24: GE Healthcare, Company Profile
Table 25: GE Healthcare Key Executives
Table 26: Polycom Inc., Company Profile
Table 27: Polycom Inc. Key Executives
Table 28: Honeywell Life Care Solutions, Company Profile
Table 29: Honeywell Life Care Solutions Key Executives
Table 30: Global Telemedicine Technologies Market, Market Data Sources
Why Buy From US?
What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story
We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.
While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.
With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.
Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.
If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.