LONDON, Sept. 24, 2014 /PRNewswire/ -- The deployment of telemedicine services is galloping with continuous development of telecommunication. The shortage of physicians in rural and remote areas provides opportunity for telemedicine to increase its services to millions of patients and this widespread deployment of services will continue at a rapid pace in future as well. The increase in telemedicine applications are surging due to high prevalence of chronic diseases, consistent need for improved quality services and rising elderly population across countries which thereby urge telemedicine to deliver improved products with higher patient satisfaction.
In the latest research study, "Global Telemedicine Market Outlook to 2018", RNCOS analysts identified market dynamics pertaining to specific countries to highlight the initiatives taken by several market players and healthcare providers to boost telemedicine sector's growth. The market, which stood at US$ 14.2 Billion in 2012, is expected to grow at a CAGR of 18.5% during 2012-2018.
On the geographical-front, the report presents a detailed analysis of key geographies and the recent telemedicine-oriented developments. The Government and market players, particularly across US, have taken a step forward to support benefits of telehealth/telemedicine services via proposed Medicare and Medicaid programs. Recognizing the potential of telemedicine for the development of healthcare in the country, the USDA has provided funding that are expected to deliver positive outcomes in the field of telemedicine.
Besides, in the US, uneven distribution of physicians across states has created immense demand for telemedicine. The report provides information on the top ten states with most number of physicians per 100,000 population and top ten states with least number of physicians per 100,000 population. This is followed by a rational analysis to support the logical conclusion of how these ten states in either category can be connected using telemedicine solutions to bridge the gap in physician availability. Further, a thorough analysis has been done on the disease statistics (diabetes, hypertension, obesity) to identify top ten states with maximum number of people in need of telehome services. Reimbursement policies in states where the government support telehome care have also been provided.
The report provides extensive information and rational analysis of the global telemedicine market. It also provides an insight into different telemedicine processes along with a segment-wise analysis to present an overview of the developments taking place. In the end, the report concludes with a competitive analysis of key market players, providing business overview of each player along with its product portfolio. In addition, it elucidates key developments of players related to telemedicine which enable clients to formulate market strategies and assess the opportunity areas in key geographies.
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