Global Telemedicine Market to Reach USD 64 Bn by 2022

LONDON, BIOT - Jan. 29, 2018 - PRLog -- The deployment of telemedicine has considerably changed the entire healthcare paradigm, owing to different technological innovations in the field of medical services and devices.

The rising number of geriatric population, expanding prevalence of chronic diseases, lack of healthcare professionals globally, enhancing need for affordable treatment options, ongoing improvements in telecommunication infrastructure and increasing healthcare costs are expected to propel growth in the world's telemedicine market in the foreseeable future. This market is poised to reach the value of USD 64 billion by the year 2022.

However, the global telemedicine market faces a number of challenges, including certain privacy and security concerns, lack of skilled and trained professionals, and also availability of telecommunications bandwidth.

At present, the dominant position in the world's telemedicine market is held by North America, majorly due to strong demand for technologically advanced products; this region is set to maintain leadership in the global market in the near future. The second position is held by Europe, this is likely to continue through 2022. Meantime, the highest growth rates during 2018-2022 are anticipated in the APAC telemedicine market, with China, Japan and India being the key contributors to the regional market growth.

The cutting-edge report "Global Telemedicine Market (by End-Users, Specialty, Component & Region) and Forecast to 2022 (https://marketpublishers.com/report/life_sciences/healthc...)" prepared by iGATE Research Pvt. Ltd. has been recently added to the publisher's catalogue at MarketPublishers.com.

This report offers an all-round assessment of the rapidly-evolving telemedicine market, features the historical background of this market, examines the current scenario at different geographical scales, sheds light on the market dynamics, scrutinises the major market growth influencing factors as well as provides an in-depth analysis of the market segmentation. Also, it explores the competitive environment, uncovers data on the leading participants, reviews the recent M&A, points out the emerging opportunities and challenges, discusses the prevailing trends and presents future forecasts up to 2022.

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