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Telemedicine Market Is Projected Around at a CAGR of 19% to 2022: Radiant Insights,Inc

Telemedicine technology is a game changer for the healthcare industry, as it brings healthcare directly into patient's doorstep. Telemedicine makes use of electronic technologies, such as email, smart phones, and video conferencing, for exchanging the medical information of the patient. This technology has helped the healthcare providers to extend their services to remote areas effectively. Furthermore, this technology is also extensively being used for elderly population as well as for people who are unable to reach healthcare provider due to inability to walk or chronic disease. Consultations through video calling, transferring medical images, and vital signs monitoring amongst others are the major applications of telemedicine.

According to a new research report published by RNCOS, "Global Telemedicine Market Outlook 2022", the market for telemedicine was valued at US$ 21 Billion in 2015, and is anticipated to grow at a CAGR of approximately 19% during 2015-2022. The growth of the market is likely to be driven by increasing adoption of telemedicine, rising incidences of chronic diseases, growing geriatric population, government initiatives, and shortage of physicians amongst others. 
The report provides insights about various factors that are affecting the growth of the markets. Furthermore, the report also includes the major trends and opportunities that will propel the industry's growth.

Based on end users, the report broadly categorizes telemedicine market into Telehospitals/Teleclinics and Telehome. Telehospitals/Teleclinics emerged as the major revenue earners of the industry, holding the largest share. The telehospitals market is further sub-divided into teleradiology, telecardiology, telepsychiatry, and teledermatology amongst others, based on Specialty. Teleradiology accounted for the largest share of the telehospital market by Specialty. This large share of the market is attributed to wide usage of this technology for transferring patient's medical reports.
Based on component, the telemedicine market is further categorized into services, hardware, software, and telecom and networking. The telemedicine service market accounted for largest share in the total telemedicine market in 2015.

The report also offers a geographic analysis of the global telemedicine market by segmenting into four major geographic regions - North America, Europe, Asia Pacific, and Rest of the World. North America is the largest market for telemedicine. This high share is attributed to relative high adoption of technology in the market coupled with higher government support. The Asia Pacific market is poised to witness the highest growth owing to increasing focus of players in this region.
Browse Other Reports of This Category at: http://www.radiantinsights.com/catalog/healthcare

About Radiant Insights,Inc
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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