Telemedicine
refers to the remote delivery of clinical care through electronic
communications in order to exchange valid medical information pertaining to
diagnosis, treatment and prevention of disease and injuries via information and
communication technologies. Though it cannot be considered as a separate
medical specialty; on the contrary, it is considered as a tool to be used by
healthcare providers to bare the traditional medical practice beyond the walls
of the typical medical practice. It has broaden more specialties and are able
to use this approach to technology itself becomes more pervasive and
affordable.
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Global
Telemedicine Market is accounted for $21.56 billion in 2017 and is expected to
reach $93.45 billion by 2026 growing at a CAGR of 17.7% during the forecast
period. Throughout healthcare industry Telemedicine system creates
communication among patients & healthcare professionals maintaining
convenience & commitment. Moreover, through Telemedicine medical
information and images are kept confidential and safely transferred from one
place to another. Recently, Saber Healthcare Group launched Telemedicine
Technology to ensure that every patient has access to cutting-edge quality of
care. This system is useful for the patients residing in inaccessible areas or
isolated regions. Patients can receive clinical healthcare from their home
without arduous travel to the hospital.
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Overall, North America accounted for
lion’s share of the total telemedicine market on account of high demand for
technologically advanced products. It is a major market for telemedicine due to
the huge awareness and acceptance of telemedicine, rising incidences of chronic
and lifestyle diseases, and growing healthcare expenditure. In addition, major
local companies have easy access to this market, which makes it the largest and
most significant market for suppliers. This growth is attributed to improved
healthcare infrastructure, increased healthcare spending, growing geriatric
population, and growing prevalence of chronic and lifestyle associated
diseases.
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