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Telemedicine Market Is Anticipated To Experience Substantial Development Owing To Monitor Various Chronic Conditions Till 2025: Grand View Research, Inc.

Telemedicine Market Is Anticipated To Experience Substantial Development Owing To Monitor Various Chronic Conditions Till 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global telemedicine market is expected to grow at a CAGR of 18.3% over the forecast period. Growing prevalence of cardiac conditions, increasing geriatric population and the rising demand for self-governing and healthy existence by patients are the high impact rendering drivers of this industry.

The global telemedicine market is expected to reach USD 113.1 billion by 2025, according to a new report by Grand View Research, Inc. Key drivers of the market include increasing incidences of chronic conditions and rising demand for self-care. Furthermore, enhancing application of internet, virtual medicine and rising demand for centralization of healthcare are expected to save on cost incurred, which is one of the critical success factors attributing for the growth of telemedicine market. 

Virtual medicine is benefiting in reducing the emergency room visits and hospitalization rate, thereby augmenting the market growth. The telemedicine market is segmented on the basis of products, and region. The service offers prime channel for various providers to communicate on the same platform and thus, centralize all the available data. 

Telemedicine products are distributed by direct supply contract amongst the manufacturers and end users or maybe concluded via a third party supplier. Government initiated healthcare programs across the nation are anticipated to propel the direct agreement method by conducting private bidding and voluntarily sponsorship by market players. 

Full research report on Telemedicine Market Analysis: 
http://www.grandviewresearch.com/industry-analysis/telemedicine-industry

U.S. telemedicine market by product, 2014 – 2025 (USD Billion)

 

U.S. telemedicine market by product, 2014 - 2025 (USD Billion)

Further key findings from the study suggest:

  • Connectivity & network is anticipated to be the fastest growing product segment of this market over the forecast period.

  • Increasing demand of automation and synchronization across the system is anticipated to be the vital drive for the market growth.

  • North America, being a pioneer in IT technologies, dominated the global telemedicine market. Available advanced organization with plenty funds contributed to its domination.

  • Asia Pacific is predicted to witness lucrative growth over the forecast period. Economic reforms, boosting IT industry, and low functioning costs are the key factors attracting market players to participate in this region.

  • Some of the key players in this space include IBM, Intel Corporation, Philips Healthcare, McKesson Corporation, AMD Telemedicine, GE Healthcare, and Cardio Net Inc. 

View more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/healthcare-it

Global telemedicine market, by region, 2015 (%)

Global telemedicine market, by region, 2015 (%)

Grand View Research has segmented the global telemedicine market on the basis of product, and region:

Global Telemedicine Product Outlook (Revenue, USD Million, 2014-2025)

  • Hardware

  • Network & Connectivity

  • Others

Telemedicine Regional Outlook (Revenue, USD Million, 2014-2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

  • Asia Pacific

    • Japan

    • China

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa (MEA)

    • South Africa

Access Full Press Of This Report By Grand View Research: https://www.grandviewresearch.com/press-release/global-telemedicine-industry

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

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