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Published Date: 2016-04-21Number of Pages: 92

Telemedicine Technologies and Services Market (Component - Hardware, Software, and Services; End-user - Telehospital and Telehome) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023

Telemedicine has shown a greater degree of adaptability in accordance with sectors such as communication and information. This has provided health care practitioners and patients with a wide array of services. Presently, telemedicine is routinely used in daily medical practices by professionals. Hospitals find telemedicine services to be increasingly profitable, as the reach of the services has improved significantly over the years due to the advent of tele-support. The global telemedicine technologies and services market is predominantly driven by increase in the global geriatric population, advances in mobile penetration, connectivity, and ICT services, and burden on existing hospital care due to growing health care demands. According to the World Health Organization, the global geriatric population was around 524 million in 2010 and is likely to reach 1.5 billion by 2050.

In terms of component, the market has been segmented into hardware, software, and services. The telemedicine services segment is gaining popularity globally due to its ability to provide high definition and quality medical services in remote areas. People in developing nations cannot afford technologically advanced products due to financial crisis and low disposable income. Hence, they opt for cost-effective and consistent telemedicine services. The services segment is expected to expand at the highest CAGR during the forecast period from 2015 to 2023. The hardware segment has been categorized into videoconferencing unit, imaging unit, vital signs unit, ECG, and others. The telemedicine software segment has been categorized into integrated and standalone software. Likewise, the telemedicine services market has been segmented into interactive, store and transfer, and chronic care.

Telehospital/teleclinic and telehome form the major end-user segments of the global telemedicine technologies and services market. The telehospital segment accounted for the largest share of the telemedicine technologies and services market in 2014. Telehome has witnessed significant acceptance among patients. Hence, the segment is likely to expand at the highest rate in the next few years.

North America accounted for the largest share of 53.3% of the telemedicine technologies and services market in terms of revenue in 2014. It is expected to retain its leadership position until 2023 primarily due to established medical, health care, and communications infrastructure. Additionally, growing number of installations of telemedicine solutions in various clinics/hospitals and presence of a large number of suppliers and service providers in North America have paved the way for easy penetration and accessibility of health care services. Furthermore, rapid development and adoption of telecommunication technologies, government support in establishing a setup involving usage of new medical technologies for the benefit of people, and favorable reimbursement policies boost market growth in the region. Countries in Western Europe (Germany, France, Italy, Spain, and others) offer lucrative opportunities in the field of telemedicine, majorly due to increasing implementation of technologically advanced PACS and rising government initiatives toward development of well-equipped health care centers.

The telemedicine technologies and services market in Asia Pacific is expected to expand at an impressive CAGR from 2015 to 2023. This region represents vast geographical area and large patient population coupled with high presence of disparities in health care access and delivery between the rural and the urban areas. Major drivers of telemedicine in this region include the presence of a large patient population suffering from various types of communicable, non-communicable, and lifestyle diseases such as skin disorders, obesity, neurological disorders, diabetes and cardiovascular disorders.

The global telemedicine technologies and services market is characterized by the presence of major companies such as Aerotel Medical Systems Ltd., AMD Global Telemedicine, Inc., General Electric Company, Honeywell International, Inc. and LifeWatch AG.

Table of Contents

Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology

Chapter 2 Executive Summary
2.1 Telemedicine Technologies and Services Market Snapshot
2.2 Global Telemedicine Technologies and Services Market Share, by Geography, (US$ Mn), 2014 & 2023
2.3 Global Telemedicine Technologies and Services Market, by Component, (US$ Mn), 2014

Chapter 3 Telemedicine Technologies and Services Market– Industry Analysis
3.1 Introduction
3.2 Market Drivers
     3.2.1 Increase in Geriatric and Chronic Disease Affected Population
     3.2.2 Advances in Mobile Penetration, Connectivity, and ICT Services
     3.2.3 Burden on Existing Hospital Care due to Growing Health Care Demands
3.3 Restraints
     3.3.1 Legal and Privacy Issues
     3.3.2 Dearth of Dedicated Medical Staff and Infrastructure
3.4 Opportunity
     3.4.1 Serving Rural and Remote Areas Globally 
     3.4.2 Advanced imaging and telemedicine technology to boost patient assessment, and thereby the global market
3.5 Market Attractiveness Analysis– Telemedicine Technologies and Services Market, by Geography (2014) (%) 
3.6 Heat Map Analysis, by Key Players, 2014

Chapter 4 Market Segmentation – By Component
4.1 Introduction
4.2 Global Telemedicine Technologies and Services Market Revenue, by Component, (US$ Mn), 2013–2023
4.3 Telemedicine Hardware Market Revenue (US$ Mn), 2013–2023
4.4 Telemedicine Software Market Revenue (US$ Mn), 2013–2023
4.5 Telemedicine Services Market Revenue (US$ Mn), 2013–2023

Chapter 5 Market Segmentation – By End User
5.1 Introduction
5.2 Global Telemedicine Technologies and Services Market Revenue, by End-User, (US$ Mn), 2013–2023
5.3 Telehospital and Teleclinics Market Revenue (US$ Mn), 2013–2023
5.4 Telehomes Market Revenue (US$ Mn), 2013–2023

Chapter 6 Market Segmentation – By Geography
6.1 Introduction
6.2 Global Telemedicine Technologies and Services Market Revenue, by Geography, (US$ Mn), 2013–2023
6.3 North America Telemedicine Technologies and Services Market Revenue, by Country, (US$ Mn), 2013–2023
     6.3.1 U.S.
     6.3.2 Canada
6.4 Europe Telemedicine Technologies and Services Market Revenue, by Country, (US$ Mn), 2013–2023
     6.4.1 Germany
     6.4.2 France
     6.4.3 Rest of Europe
6.5 Asia Pacific Telemedicine Technologies and Services Market Revenue, by Country, (US$ Mn), 2013–2023
     6.5.1 China
     6.5.2 Japan
     6.5.3 Australia
     6.5.4 Rest of APAC
6.6 LATAM Telemedicine Technologies and Services Market Revenue, by Country, (US$ Mn), 2013–2023
     6.6.1 Brazil
     6.6.2 Rest of LATAM
6.7 MEA Telemedicine Technologies and Services Market Revenue, by Country, (US$ Mn), 2013–2023
     6.7.1 Saudi Arabia
     6.7.2 Rest of MEA

Chapter 7 Recommendations
7.1 Adoption of New Business Model
7.2 Investment in emerging economies such as India and China

Chapter 8 Company Profiles
8.1 Aerotel Medical Systems Ltd
     8.1.1 Company Overview
     8.1.2 Product Portfolio
     8.1.3 Business Strategies
     8.1.4 Recent Developments
     8.1.5 Financial Overview

***** Similar analysis has been provided for below mentioned public companies

8.2 AMD Global Telemedicine, Inc. 
8.3 F.Hoffmann-La Roche Ltd.
8.4 General Electric Company
8.5 GlobalMedia Group LLC
8.6 Honeywell International, Inc.
8.7 LifeWatch AG
8.8 McKESSON CORPORATION
8.9 Medtronic plc
8.10 OBS Medical Ltd.
8.11 Philips Healthcare

List of Figures
 
Figure 1 Global Telemedicine Technologies and Services Market Share, by Geography, 2014 (Value %)
Figure 2 Global Telemedicine Technologies and Services Market Share, by Geography, 2023     (Value %)
Figure 3 Global Telemedicine Technologies and Services Market, by Component, (US$   Mn), 2014
Figure 4 Global Telemedicine Technologies and Services Market: Market Attractiveness    Analysis, by Geography, 2014
Figure 5 Heat Map Analysis by Key Players, 2014
Figure 6 Global Telehospital and Teleclinics Market Revenue, 2013–2023 (US$ Mn)
Figure 7 Global Telehomes Market Revenue, 2013–2023 (US$ Mn)
Figure 8 F. Hoffmann-La Roche Ltd.., Annual Revenue, 2012–2014 (US$ Mn)
Figure 9 General Electric Company, Annual Revenue, 2012–2014 (US$ Mn)
Figure 10 Honeywell International, Inc., Annual Revenue, 2012–2014 (US$ Mn)
Figure 11 LifeWatch AG, Annual Revenue, 2012–2014 (US$ Mn)
Figure 12 McKESSON CORPORATION, Annual Revenue, 2012–2014 (US$ Mn)
Figure 13 Medtronic plc, Annual Revenue, 2012–2014 (US$ Mn)

List of Tables

Table 1 Telemedicine Technologies and Services Market Snapshot: 2014
Table 2  Global Telemedicine Technologies and Services Market Revenue, by Component,    (US$ Mn), 2013–2023 
Table 3  Global Telemedicine Hardware Market Revenue, by Type, (US$ Mn), 2013–2023
Table 4  Global Telemedicine Software Market Revenue, by Type, (US$ Mn), 2013–2023
Table 5  Global Telemedicine Services Market Revenue, by Type, (US$ Mn), 2013–2023
Table 6  Global Telemedicine Technologies and Services Market Revenue, by End-User, (US$ Mn), 2013–2023
Table 7  Global Telemedicine Technologies and Services Market Revenue, by Geography, (US$ Mn), 2013–2023
Table 8  North America Telemedicine Technologies and Services Market Revenue, by Country, (US$ Mn), 2013–2023
Table 9  North America Telemedicine Technologies and Services Market Revenue, by End-User, (US$ Mn), 2013–2023
Table 10  North America Telemedicine Technologies and Services Market Revenue, by Component, (US$ Mn), 2013–2023
Table 11  Europe Telemedicine Technologies and Services Market Revenue, by Country, (US$ Mn), 2013–2023
Table 12  Europe Telemedicine Technologies and Services Market Revenue, by End-User, (US$ Mn), 2013–2023
Table 13  Europe Telemedicine Technologies and Services Market Revenue, by Component, (US$ Mn), 2013–2023
Table 14  Asia Pacific Telemedicine Technologies and Services Market Revenue, by Country, (US$ Mn), 2013–2023
Table 15  Asia Pacific Telemedicine Technologies and Services Market Revenue, by End-User, (US$ Mn), 2013–2023
Table 16  Asia Pacific Telemedicine Technologies and Services Market Revenue, by Component, (US$ Mn), 2013–2023
Table 17  Latin America Telemedicine Technologies and Services Market Revenue, by Country, (US$ Mn), 2013–2023
Table 18  Latin America Telemedicine Technologies and Services Market Revenue, by End-User, (US$ Mn), 2013–2023
Table 19  Latin America Telemedicine Technologies and Services Market Revenue, by Component, (US$ Mn), 2013–2023
Table 20  Middle East & Africa Telemedicine Technologies and Services Market Revenue, by Country, (US$ Mn), 2013–2023
Table 21  Middle East & Africa Telemedicine Technologies and Services Market Revenue, by End-User, (US$ Mn), 2013–2023
Table 22  Middle East & Africa Telemedicine Technologies and Services Market Revenue, by Component, (US$ Mn), 2013–2023

Global Telemedicine Technologies and Services Market: Overview

The changing dynamics of the healthcare industry have had a major impact on the trajectory of the global telemedicine technologies and services market. The report indicates that the global market will grow at a rapid pace as the world is witnessing emergence of deadly diseases and adoption of technologies in the remotest corners of the world. The rising uptake technology has allowed several medical professionals to reach out to a bigger patient base and offer critical tele-support. In the coming years, the global telemedicine technologies and services market is poised to revolutionize the way diseases are managed. 

Transparency Market Research provides a detailed analysis of the global telemedicine technologies and services market in its latest research report. The publication presents an unbiased scrutiny of the global market with the help of SWOT analysis and Porter’s five forces analysis. It highlights the impact of political, economic, environmental, and technological aspects on the overall scenario. Furthermore, it also evaluates the competitive landscape present in the global market. 

Global Telemedicine Technologies and Services Market: Drivers and Opportunities

The World Health Organization states that the geriatric population across the globe is likely to reach 1.5 billion by the end of 2050 from 524 million in 2010. Thus, the exponential rise in the number of geriatrics is likely to be the key growth driver for the global telemedicine technologies and services market. Advent of technology, rapid penetration of mobile phones, superior connectivity, and emergence of ICT services are likely to make a collective contribution to the soaring profits of the global market.

On the basis of component, the global market is divided into services, software, and hardware. Of these, the telemedicine services division is gain steady momentum as it offers high quality of medical services in the remotest areas. It has enabled a wider reach of medicine and science to the patients in need through reliable technology and well-established infrastructure. The cost-effectiveness of telemedicine technologies and services can especially be felt in developing regions of the world where basic amenities remain significantly unaffordable. Analysts estimate that the persistent demand for healthcare facilities, medical advice, and emergence of endemics in developing countries will bolster the growth of the services segment in the foreseeable future. 

Global Telemedicine Technologies and Services Market: Regional Outlook

In terms of geography, the global telemedicine technologies and services market is divided into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. Of these, North America is leading the pack and is expected to maintain its stance in the near future. As of 2014, the regional market held a whopping share of 53.3% in the global telemedicine technologies and services market. It robust communication, healthcare, and medical infrastructure in the region are expected to drive the North America telemedicine technologies and services market. Strong presence of suppliers, hospitals, and higher acceptance of technology is also expected to keep North America at the forefront. 

On the other hand, Asia Pacific is also expected offer several lucrative opportunities to the global market. The large population base, various unmet medical needs, and a emergence of the medical tourism industry are all expected to have a positive impact on the regional market in the near future. 

The global telemedicine technologies and services market is predominantly driven by increase in the global geriatric population, advances in mobile penetration, connectivity, and ICT services, and burden on existing hospital care due to growing health care demands. 

Key Players Mentioned in the Report are:

Some of the leading players operating in the global telemedicine technologies and services market are Aerotel Medical Systems Ltd., General Electric Company, LifeWatch AG, AMD Global Telemedicine, Inc., and Honeywell International, Inc. 

Market segmentation based on geography:

  • Europe
  • North America
  • Asia Pacific
  • Rest of the World 

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years 

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments


 
 
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