Rise in Use of Mobile Computing Devices behind Advent of Telemedicine

San Francisco, California, May 10, 2017: The global market for telemedicine is the focus of analysis of a recent market research report by TMR Research. The report is titled “Telemedicine Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025.” The capability of telemedicine practices to provide medical assistance to patients living in remote locations, where essential healthcare services are not available or are difficult to reach, is one of the key factors driving the global Telemedicine Market.

Intervention of governments across the globe through funds and incentives aimed at extending the reach of essential medical services across remote locations, increased use of mobile computing devices, and rapid rate of technological advancement of healthcare infrastructure across the globe are some of the chief drivers of the market. Some of the most popular services provided by the telemedicine market are medical education, specialist referral services, and provision of medical and health information to consumers.

Telemedicine is increasingly becoming one of the key segments of the conventional medicine and healthcare market. In the next few years, the market is expected to exhibit an excellent CAGR across developed as well as developing economies.

From a geographical standpoint, the market for telemedicine is presently gaining the most traction and promising growth opportunities in developed economies across North America and Europe. The North America market presently leads and is expected to retain dominance over the report’s forecast period as well. Technology advanced healthcare infrastructures, technologically well-versed population, excellent telecommunication networks, and the presence of a large number of some of the world’s leading companies in the telemedicine field are expected to continue to drive the North America market in the near future.

Over the report’s forecast period, Asia Pacific is expected to present vast growth opportunities to the telemedicine market. The thriving telecommunications industry, rapid rate of technological advancement of the healthcare infrastructure across developing economies, and the vast population will contribute to the growth prospects of the Asia Pacific telemedicine market in the near future.

The vendor landscape of the global telemedicine market is fragmented owing to the presence of a large number of regional as well as international players. Companies in the market are focusing on expanding their geographical reach and offering innovative solutions to attract more consumers to sustain in the highly competitive market. Some of the leading vendors in the market are CISCO Systems, Inc., ARDIOCOM, LLC, Agfa HealthCare NV, CAMD Global Telemedicine, Inc., LifeWatch AG, McKesson Corporation, Polycom Corp., Honeywell HomMed LLC, OBS Medical Ltd., Allscripts Healthcare Solutions, Inc., Medtronic, Inc., F. Hoffmann-La Roche Ltd., InTouch Technologies, Inc., and McKesson Corp.