How Is Surging Geriatric Population Driving Telemedicine Market?

By Author: Pramod Kumar
Total Articles: 97
Comment this article

The geriatric population is increasing across the world. As per the World Population Aging report by the United Nations Department of Economics and Social Affairs, the number of people aged 60 years and over rose from 382 million in 1980 to 962 million in 2017. This number is further projected to increase to 2.1 billion by 2050. Aged people are more susceptible to diseases and need regular care in order to maintain their conditions. However, it’s hard for older people to go to medical facilities again and again for check-ups, which is why, the requirement for remote healthcare facilities is growing rapidly.

Receive Sample Copy of this Report:https://www.psmarketresearch.com/market-analysis/telemedicine-market/report-sample

People these days are increasingly making use of telemedicine services, as they aid in improving patient outcomes and quality of treatment. Telemedicine enables healthcare professionals to diagnose, treat, and evaluate patients from a distance by making use to telecommunication technologies. This technology is mostly utilized for follow-up visits, medication management, management of chronic ...
... diseases, specialist consultations, and other clinical services which can be offered remotely via audio and video connections . Due to this, the global telemedicine market is expected to attain $48.8 billion, increasing from $21.5 billion in 2017, progressing at a 14.8% CAGR during the forecast period (2018–2023).

Make an Enquiry before Purchase:https://www.psmarketresearch.com/send-enquiry?enquiry-url=telemedicine-market

Tele home and tele-hospital & clinic are the two types of telemedicine solutions, between which, the demand for tele-hospital & clinic was higher in the past. This is particularly because of the surging burden of health conditions associated with changes in lifestyles. Apart from this, the demand for tele home is also predicted to rise in the near future, owing to the facility of monitoring patient health remotely. Different kinds of telemedicine services are tele-training, tele-consulting, tele-education, and tele-monitoring. Among these, the adoption if tele-consulting services was highest in the past.

Hence, the demand for telemedicine services is rising because of the growing geriatric population and need for remote patient monitoring.

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.