(PharmaNewsWire.Com, March 17, 2017 ) According to the report Latin America Telemedicine Market published by Market Data Forecast, the Latin American market has been estimated at $1.13 billion in 2016 and is projected to reach $2.50 billion with CAGR of 17.23% in the forecast period 2016-2021
Telemedicine is the method of providing diagnosis and treatment of patients remotely by means of telecommunications technology. The recent healthcare reforms have transformed the telemedicine market and also influenced the reach of these applications. Latest technology like are becoming the corner stone of telemedicine.
With the rise in cost of health care owing to the increase in the rise of aged people, Telemedicine comes as a cost-effective and people friendly solution. Tele-monitoring services help a lot of physician and patients with the management and monitoring wellbeing of patients. Also lack of healthcare professionals is curbed to an extent with availability of these services.
Increase in population, increase in geriatric population, lack of manpower in healthcare sector, and recent developments in technology are the factors responsible for the growth of this market. The tele-monitoring segment will also enjoy an upward trend owing to the increasing diabetic and disabled population. Also Rising cost of healthcare services increased of use of technology in healthcare has also impacted the market growth.
a) By Technology Hardware Software. Telecommunications.
b) By Services Remote Patient Monitoring. Store-and-Forward. Real-Time Interactive.
c) By Application Tele-Cardiology. Tele-Pathology. Tele-Radiology. Tele-Dermatology. Tele-Neurology. Emergency Care. Home Health.
d) End Users Tele-hospitals. Tele-homes.
e) Delivery mode. Web-based. Cloud-based.
Some of the major companies operating in the telemedicine market are AMD Global Telemedicine, GE Healthcare (U.K.), CISCO Systems, Inc., Medtronic, Inc., Honeywell Lifesciences, Aerotel Medical Systems, Philips healthcare, McKesson Corp, Cerner Corporation, and CardioComm. Other players in the telemedicine market are Apollo Hospitals (India), 3M, Robert Bosch Healthcare, Neosoft (China), SnapMD (U.S.), Polycom Corp., F. Hoffmann-La Roche Ltd., InTouch Technologies, Inc., LifeWatch AG, OBS Medical Ltd., Siemens Healthcare, Agfa HealthCare NV, Allscripts Healthcare Solutions, Biotelemetry, Inc.
The Latin America Telemedicine Market study offers following deliverables:
Global Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions those are still untapped.
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development.
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
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