Revolutionizing Healthcare Services with the Growing Telemedicine Market


Medicine and healthcare have become an integral part of our lives, and have played an influential role in boosting life expectancies through continuous research and development. Along with better quality medicines, easy availability of life-saving drugs, convenient diagnostics, and faster treatment can save more lives. It is most essentially the need of the hour.

The advent of technology and the reach of telecommunication has opened up opportunities for healthcare sectors to provide better services, including remote diagnostics and treatment with quality products.

The rapid acceptance of technology in remote areas including the rural population coupled with the unavailability of skilled health professionals in remote and rural areas only adds to the prerogative of the ones that do not have it yet. Imagine a scenario where the doctors cannot reach but can still provide medical solutions to patients who are in dire need of the same!

Yes, the telemedicine market is growing at a rapid pace all over the globe and has been successful in providing much-needed aid in the least possible time. Did you know that scientists have developed a robotic arm that is sensitive to touch and capable of assisting a surgeon during the process?

Telemedicine is indeed a boon for individuals who are based in remote locations as their diseases can be treated by the advancement of the telemedicine industry. The convenience offered to patients by the rapid development of technology is immense, and the role of telecommunication in medicines has been welcomed with wide open arms.

According to the telemedicine industry analysis, the telemedicine market has shown a considerable growth of $25.53 billion. It is expected to grow at a rapid pace and reach a whopping $ 57.92 by 2020. The global telemedicine outlook 2020 is extremely positive as the compounded annual growth rate is predicted to be around 17.85 percent annually.

If one considers the global health industry, then the market share of the telemedicine industry is comparatively small. However, looking at the high growth rates coupled by the advancement in telecommunication and the internet – The telemedicine industry is seen as the future of healthcare.

The increased awareness regarding health care services coupled with rapid reforms in the healthcare industry has contributed to the acceptance of telemedicine in the healthcare sector and is expected to gain popularity soon across the major geographies.

The lack of availability of healthcare professionals usually creates problems for patients all over the world. Health specialists promoting the idea of treatment through telecommunication channels is a welcomed move. This is an added benefit for the patients who are looking for convenient and hassle-free treatment.

Nonetheless, getting treated in hospitals is a time taking process and increases the health cost as well. Telemedicine is cost-effective and offers added convenience. In the modern day, diseases are a common phenomenon. The degrading environment, the increasing population along with the rise in chronic diseases, have triggered the need for a proper healthcare market which can be accessed from anywhere.

The market is booming in most developed regions that include North America, Europe and they are the major contributors to the revenue. The developing nations with huge population like India and China have shown a stiff rise in chronic disease over the past few years.

The rapid expansion of technology and telecommunications in these areas make the countries the future e-healthcare hubs. The wide-spread health awareness in Africa, Middle East, and Latin America denote a positive trend for the telemedicine industry in the near future.

Inspired by the growth of e-healthcare, the telemedicine market leaders are involved in continuous research and development. The marketing initiatives are aimed at spreading awareness among people and educating them about the significance and benefits of e-healthcare.

Check out Market Data Forecast’s comprehensive reports with in-depth analysis about the Telemedicine Market a free research sample can also be availed. Stay tuned for trending news stories about the latest technologies and interesting Healthcare tit-bits.


Share this post:

Recent Posts

Leave a Comment

7 + 2 =