Market Research Report
Telemedicine Market by Technology, Deployment, Therapeutic Type, and Application 2020 - 2025
|Published by||Mind Commerce||Product code||939771|
|Published||Content info||115 Pages
Delivery time: 1-2 business days
|Telemedicine Market by Technology, Deployment, Therapeutic Type, and Application 2020 - 2025|
|Published: June 1, 2020||Content info: 115 Pages||
This research evaluates the telemedicine market including technologies, solutions, applications, and services. This includes analysis of major players, strategies, and solutions. The report assesses the means of deployment, device, and therapeutic types by solution. The report also analyzes market opportunities by hardware, software, and services by region. This Mind Commerce research also includes forecasts for each major category and component from 2020 to 2025.
Telemedicine refers to the provision of healthcare services to the people at a distance using software solutions and telecommunication technology. It connects patients with doctors or physicians or other healthcare providers commonly used by hospitals, clinics, and telemedicine service providers. Advanced wireless and networking technologies, coupled with recent advances in biotechnology, biosensors and software engineering, have enabled promising growth in telemedicine healthcare ecosystems.
Expert medical care delivered via telemedicine can significantly improve healthcare services for rural areas, remote locations, and underdeveloped nations. For the developed nations, telemedicine is increasingly gaining popularity due to its high potential for cost savings, healthcare availability, and increased efficiency in healthcare service delivery. As the recent COVID-19 pandemic has made abundantly clear, uninterrupted access to healthcare services is a critical need for society.
Mind Commerce also sees telemedicine fulfilling a crucial need to reduce ever-expanding societal healthcare costs. This is particularly the case for the aging population in developed countries. For example, a couple in the United States that plans to retire in 10 years can expect to pay over $300,000 during retirement on healthcare (an amount equaling about 90% of their lifetime Social Security benefits).
By 2050, the global population is anticipated to reach nearly 10 billion. One in six of those people will be over age 65 with 426 million aged 80 years or over. The 65+ year old age bracket is the fastest growing segment, which correlates with steady growth in life expectancy worldwide. In 1960, the average UK citizen would live until about 70, but now 80 years old is the expected age of death. The United States has similar numbers. However, life expectancy in China has dramatically increased from mid-forties in 1960 to mid-seventies today.