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Healthcare Iot Telemedicine Market
Healthcare IoT Telemedicine Market size was valued over USD 20 billion in 2017 and is expected to witness growth of ~20% CAGR from 2018 to 2024.
Global Healthcare IoT Telemedicine Market is driven by increasing demand for concentration of administration and improved quality and safety by the application and growing demand of mobile technologies and internet, and increasing adoption rate of home care or decrease in hospital visits. Telemedicine is considered as the most versatile technology available to deliver health education, health information and health care at a distance. Through the technologies, advanced patient centred care and increased access to remote locations is possible. It also helps in reducing emergency room visit and hospitalization rate, thereby augmenting the Healthcare IoT Telemedicine market growth.
Growing prevalence of cardiac conditions, increasing geriatric population and the rising demand for self-governing and healthy existence by patients are the high impact rendering drivers of this Healthcare IoT Telemedicine Market. Moreover, improving therapeutic infrastructure, growing post-acute care supervision and rising demand in the emerging economies of Latin American and Asia Pacific region are expected to propel the demand for Global Healthcare IoT Telemedicine Market.
Global Healthcare IoT Telemedicine Market
The market is expected to flourish within the next five to seven years owing to a number of factors such as the need for better healthcare in rural areas, tremendous growth in telecommunication, rising prevalence of chronic diseases in BRIC nations, and low cost of telemedicine. However, high infrastructural costs and lack of skilled resources may restrain the market growth. On the other hand, favourable government initiatives present huge growth opportunities for telemedicine in the developing nations.
The increasing demand for concentration of administration and improved quality and safety by the application and growing demand of mobile technologies and internet, and increasing adoption rate of home care or decrease in hospital visits are anticipated to fuel the growth over the forecast period.
The healthcare industry is enormously huge and its centralization is expected to help in harmonizing the entire process as well as providing economic assistances. All businesses are targeting to accomplish six sigma and lean management in their practice in order to enhance resource practice and increase efficiency. As per the Community Care Plan of Eastern Carolina (CCP), installation of telehealth program allows the clinicians and medical providers to attend over 20 patients in a week as compared to a mere 10 before. The increasing demand of patients to presume better and earlier healthcare provision and growing disposable income, is anticipated to further propel the domination process.
The industry is driven by three concepts which include real-time, home health and store & forward virtual medicine. Real-time telemedicine comprises a real time contact between patient and healthcare practitioner via the use of electronic mediums, majorly video conferencing.
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By Product Component
o Remote Monitoring
o Real-Time Interaction/Analysis
o Standalone Software
o Integrated Software
o Telemedicine Kits
By Delivery mode
The above data will be provided for following regions/countries from 2013-2024 (USD Million)
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
o South Africa
o Saudi Arabia
What information is covered in report?
• Actual market numbers from 2013-2017, estimates and forecasts from 2018 to 2024
• Detailed market segmentation and market share analysis of each segment
• Delivery mode and regulatory landscape and reimbursement scenario
• Impact analysis of various drivers and trends
• Market segmentation and landscape
• Competitive landscape, 2017
This Report Is Submitted By @Maximize Market Research Company
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Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Lumawant Godage
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