Telemedicine Market to Exceed USD 113 Bn by 2025

The worlds telemedicine market is set to see impressive growth through 2025, according to new research report by Grand View Research recently added at MarketPublishers.com.

London, United Kingdom, December 24, 2016 –(PR.com)– Spurred by increasing incidence of chronic diseases and escalating demand for self-care, the world’s telemedicine market is set to register impressive growth between 2016 and 2025. The market value is anticipated to reach around USD 113.1 billion by the year 2025.

Furthermore, rising application of Internet together with accelerating demand for centralization of healthcare is predicted to save on cost incurred, which is one of the key success factors encouraging growth in the telemedicine market. Telemedicine also helps to reduce emergency room visit and hospitalization rate, this gives impetus to the market growth as well.

The connectivity and network segment will likely register the highest growth rates through 2025.

As a pioneer in IT technologies, North America takes dominance in the world’s telemedicine market. Meantime, the APAC market is expected to experience impressive growth through 2025 due to favourable economic reforms, low functioning costs and boosting IT industry.

Some of the noteworthy players in the telemedicine sphere include Intel Corporation, IBM, Philips Healthcare, AMD Telemedicine, McKesson Corporation, Cardio Net and GE Healthcare.

Cutting-edge research report by Grand View Research gives a hand in understanding of the global telemedicine market landscape. Find the report at https://marketpublishers.com/report/life_sciences/healthcare/telemedicine-market-analysis-by-product.html

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