(EMAILWIRE.COM, January 18, 2018 ) According to the report on Global Telemedicine Market, published by Market Data Forecast, the market is projected to reach USD 63.03 billion by 2021, at a CAGR of 17.85% from 2016 to 2021.

Telemedicine assists in improvement of personalized health by providing the support of electronics, especially in the media related department. One can access a lot of healthcare professional present across the globe, and this has led to the increase in the tendency of people to seek a second opinion. Problems like huge distances and the lack of number of professionals has led to the evolution of telemedicine.

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Global Telemedicine Market: Drivers & Restraints
The features that contribute to the market growth are growing number of long term disorders, rising expense of healthcare consultation, advancing medical technology, and the shortage of expert clinicians. Still, absence of skilled professionals in rural areas, insufficient awareness about this technology, and unfavourable refund system has hindered the growth.

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Global Telemedicine Market: Segmentation
By Technology
• Hardware
• Software
• Telecommunications

By Service
• Tele-Monitoring
• Store-and-Forward
• Real-Time Interactive
By Applications
• Tele-Cardiology
• Tele-Radiology
• Tele-Pathology
• Tele-Dermatology
• Tele-Neurology
• Emergency Care
• Home Health
• Others
By Delivery Mode
• Web-based
• Cloud-based
• Others
By End User
• Tele-Hospitals
• Tele-Homes
• Others

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Global Telemedicine Market: Overview
Telemedicine is proportionately small but a very impacting market. Medical consultation services as well as tele-monitoring segment are predicted to be the largest and the fastest growing segments respectively.

North America and Europe take up the first two positions in the world in terms of market revenue. This is because of people having a sound knowledge of innovative and contemporary technologies Asia Pacific will grow the highest during forecast period.

Global Telemedicine Market: Key Players
Major companies operating in the market are AMD Global Telemedicine, OBS Medical Ltd., Medtronic Inc., McKesson Corp, F.Hoffman-La Roche Ltd., GE Healthcare, Apollo Hospitals, CISCO Systems Inc., Robert Bosch Healthcare, Aerotel Medical Systems, Phillips Healthcare, Cerner Corporation, Honeywell Lifesciences, CardioComm, 3M, NeoSoft, Polycom Corp., SnapMD. InTouch Technologies Inc., and Siemens Healthcare

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