The constant revolution in the telecommunication technology has positively impacted the healthcare sector through the widespread use of mobiles, smartphones, radio, internet, and the computers. The merger of telecommunication technology and medical sciences has led to the creation of telemedicine. The time and cost efficiency is highly favored by urban and rural healthcare institutions. Furthermore, the rise in tech savvy citizens and increase in government reimbursement is expected to boost the market for telemedicine. However, the lack of trained medical personnel specializing in telemedicine is a hindering factor for the market.
The global telemedicine market is segmented into three broad categories: by specialty, by service, and by geography. Based on specialty, the market is segmented into cardiology, dermatology, neurology, orthopedics, emergency care, internal medicine, gynecology, and others. Based on service the market is segmented into tele-consultation, tele-monitoring, tele-education, tele-care, tele-training, and tele-surgery. Geographically, the global telemedicine market is segmented into North America, Europe, Asia and Rest of the World (RoW: Latin America, Pacific Countries, and Africa).
Some of the players in this market are Aerotel Medical Systems Ltd. (Israel), Allscripts Healthcare Solutions, Inc, (U.S.), Cardiocom, LLC, (U.S.), LifeWatch AG (Switzerland), InTouch Technologies, Inc, (U.S.), Honeywell HomMed (U.S.), F. Hoffmann-La Roche Ltd (Switzerland), CISCO Systems (U.S), McKesson Corporation(U.S.), Telemedicine, Inc. (U.S.), and AMD Global (U.S.) amongst others.