Telemedicine Market to Grow at 18.95% CAGR as Remote Process Monitoring Usage Increases to 2019

Dec 07, 2015, 08:00 ET from ReportsnReports

PUNE, India, December 7, 2015 /PRNewswire/ -- adds Global Telemedicine Market 2015-2019 research that says healthcare organizations and universities have partnered with digital health providers to study new digital health solutions. For instance, UCSF uses activity trackers and other devices in remote monitoring of patients to avoid readmissions. All these factors will drive the increasing adoption of telemedicine by all the stakeholders. This increase has led to increasing partnerships among several healthcare providers and IT organizations.

Complete report on global telemedicine market spread across 70 pages, analyzing 6 major companies and providing 26 data exhibits is now available at

Analysts forecast the telemedicine market to grow at a CAGR of 18.95% over the period 2014-2019. To calculate the market size, the report considers revenue generated from technology and services and telehospitals/teleclinics and telehome. According to the report, mobile health is the practice of delivering healthcare with the help of mobile devices such as patient monitoring devices, mobile phones, and PDAs. Factors such as increasing aging population, chronic diseases, healthcare costs, and regulatory norms are driving the adoption of mobile healthcare technologies.

The global telemedicine markets are Cerner, GE Healthcare, Honeywell Life Care Solutions, IBM, Mckesson and Phillips Healthcare. Other Prominent Vendors in the market are: Aerotel Medical Systems, Agfa-Gevaert, Allscripts Healthcare Solutions, AMD Global Telemedicine, American Well, Cardiocom, Cisco Systems, F. Hoffmann-La Roche, Healthspot, Huawei Technologies, InTouch Technologies, LifeWatch, MDLIVE, Medtronic, RNCOS, Roche, Siemens Healthcare, Teladoc, VSee Lab and ZTE. Order a copy of Global Telemedicine Market 2015-2019 report @

Further, the report states that face-to-face consultation and follows up with doctors and physicians increase the cost of care, which is not affordable to everyone, causing less than optimum utilization of healthcare resources such as doctors, nursing staff, and physicians.

Another relevant and China specific report titled Research on China Telemedicine and Online Healthcare Industry, 2015 report says due to the severely imbalanced medical resources, telemedicine and online healthcare have huge development penitential in China. The rapid development of medical informatization and wearable devices has and will continue to boost the bright prospect of telemedicine and online healthcare in China.

By the end of 2014, 50% of provincial level hospitals and 42% of primary hospitals has built up telemedicine centers in China respectively. Approximate RMB 16.36 billion been invested on telemedicine in China in 2014, among which, PACS System, Regional Medical Information Platform and HIS System ranked the top 3 segments with investment amount of RMB 3.74, 3.06 and 1.84 billion respectively.

The market size of online healthcare industry in China still reached RMB 10.88 billion in 2014, where transaction revenue accounts for more than 90% of the market share along with the decreased advertisement revenue in recent 5 years. It's worth noting that smart devices accounts for 3.1% of the total transaction revenue in China in 2014. Currently the smart devices and services have not fully connected, this segment remains in the incubation period.

The huge demand for telemedicine has already attracted some leading enterprises to invest in Chinese telemedicine market. The largest radiology service company in the US, vRad, signed a strategic cooperation agreement with E-TECHCO in April 2014. Both sides will provide tele radiology services for patients in the greater China region. The largest telemedicine consultation and service institution, WorldCare, has set up the 'China WorldCare (Beijing) Hospital Management Co., Ltd. Meanwhile, World Care has reached cooperation intentions with many regional goverments such as Nanjing. Mayo Clinic, built up a joint venture with HILLHOUSE Capital in January 2015. Read more at .

Explore more reports on telemedicine market and overall healthcare industry at .

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