The global telemedicine market is expected to reach USD 113.1 billion by 2025, according to a new report by Grand View Research, Inc. Key drivers of the market include increasing incidences of chronic conditions and rising demand for self-care. Furthermore, enhancing application of internet and rising demand for centralization of healthcare are expected to save on cost incurred, which is one of the critical success factors attributing for the growth of telemedicine market.
Telemedicine also helps in reducing emergency room visit and hospitalization rate, there by augmenting the market growth. The telemedicine industry is segmented on the basis of products, and region. The service offers prime channel for various providers to communicate on the same platform and thus, centralize all the available data.
Telemedicine products are distributed by direct supply contract amongst the manufacturers and end users or maybe concluded via a third party supplier. Government initiated healthcare programs across the nation are anticipated to propel the direct agreement method by conducting private bidding and voluntarily sponsorship by market players.
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Further key findings from the study suggest:
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Grand View Research has segmented the global telemedicine market on the basis ofapplication, end-use, and region:
Global Telemedicine Product Outlook (Revenue, USD Million, 2014 – 2025)
Telemedicine Regional Outlook (Revenue, USD Million, 2014 – 2025)
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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