Telemedicine Market 2019 Share, Current Trends, Opportunities, Growth Size & Forecasts 2023

Telemedicine Industry 2019

Description:-

Telemedicine is the term that denotes remote delivery of healthcare services, such as health consultations or assessments over the telecommunication infrastructures. The telemedicine concept allows healthcare providers to analyze, diagnose and treat patients using specialized technology, such as smartphones and video conferencing, without the requirement for an in-person visit.
 
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As numerous parties seek more productive ways to provide health care at a nominal cost to the patient, telemedicine's role has evolved. It is often a time-saving way for a client to see and speak to a physician/doctor for non-urgent and less complicated medical conditions instead of going to a primary care clinic or hospital.

In recent years, several states have legislated laws that make telemedicine easier to practice. The federal health regulators are also analyzing strategies to further grant Medicare reimbursements for telemedicine solutions.

Telemedicine can be categorized into three main categories:
Remote patient monitoring
Store-and-forward
Interactive telemedicine.

Telemonitoring, that is also known as remote patient monitoring, facilitates patients with chronic diseases to be monitored at their homes with mobile medical devices that collect information about blood pressure, blood sugar levels, or other crucial signs. Remote caretakers can examine the data instantly.

Asynchronous telemedicine, also known as store-end-forwards, let's providers share patient's data, like lab results, with a physician at a remote location.

Interactive telemedicine enables patients and physicians to communicate in real-time. Such sessions can be performed at the patient's home or in a nearby medical centre and include telephone conversations or video conferencing tools that correspond with HIPAA regulations.
 
Market growth analysis
An enhancing selection of the electronic medical record (EMR) and electronic healthcare record (EHR) or is a significant driver for market development. Furthermore, the increasing incidences of chronic diseases like diabetes & cancer and the inadequacy of efficient health services and good physicians in underdeveloped regions are boosting the demand of the telemedicine market.

The unexpected expense of executing telemedicine frameworks, i.e., EHR & EMR and need for telemedicine training proposed by strict government directions relating to telemedicine are considered to obstruct the market development.
The global telemedicine market can be segmented on the basis of its deployment platforms, service type, component, application, regional demand, and end-user. 
 
Based on the primary services, the market is segmented into-
Telepharmacy
Telenursing 
Teleradiology
Tele-oncology
Teledermatology
Others
 
Based on major components, the global telemedicine market can be sectioned into-
Hardware 
Software
 
Based on deployment, the global telemedicine market can be segmented into-
Cloud-based deployment
On-premises deployment
 
Major applications areas include-
Ophthalmology
Cardiology
Dermatology
Psychiatry
Radiology
 
Based on the end-user segment, the telemedicine market can be divided into-
Clinics
Hospitals
Home care
 
Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa are some of the regions that drive the growth of Telemedicine markets. 

Important fact
Telehealth solutions have demonstrated the proficiency to strengthen health outcomes and reduce costs. Research suggests that telemedicine improves the health of diabetic patients, particularly in the case of older adults. 
Telehomecare is supposed to be one of the most profitable applications of telemedicine. The telehomecare market segment is anticipated to grow significantly in the near future. The rise in chronic disease incidences is a global concern that puts a burden on healthcare resources. Telehomecare is a resourceful way to provide care, monitor a patient, and deliver information, by using the advanced technology in telecommunication. Monitoring allows timely identification of disease, and thus, preventing severe chronic conditions.

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