North America Telemedicine Industry Analysis, Share, Growth Drivers and Forecast to 2023
North America accounted for the largest share in the telemedicine market, with 48.8% share in 2017. This growth is attributed to improved healthcare infrastructure, increased healthcare spending, growing geriatric population, and growing prevalence of chronic and lifestyle associated diseases. According to the American Cancer Society (ACS), in the U.S., the estimated cancer cases diagnosed were around 1,688,780, and 600,920 deaths occurred due to cancer, in 2017.
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The companies operating in the telemedicine industry are introducing advanced telehealth platforms for market expansion. For instance, in April 2017, Koninklijke Philips N.V. introduced the tele ICU enterprise software at American Telemedicine Association’s annual meeting. This latest advanced technology has rendered success to the company in population health management for critical care unit.
Some of the other key players in the telemedicine market are Aerotel Medical Systems Ltd., InTouch Technologies Inc., AMD Global Telemedicine Inc., OBS Medical Ltd., Cisco Systems Inc., Cerner Corporation, Allscripts Healthcare Solutions Inc., McKesson Corporation, Honeywell International Inc., BioTelemetry Inc., Medtronic plc., Polycom Inc., General Electric Company, and GlobalMed.
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TELEMEDICINE MARKET SEGMENTATION
Market Segmentation by Type
- Tele-hospital and clinic
- Tele home
Market Segmentation by Service
- Tele-consulting
- Tele-monitoring
- Tele-education
- Tele-training
- Others (tele-care and tele-surgery)
Market Segmentation by Specialty
- Dermatology
- Gynecology
- Cardiology
- Neurology
- Orthopedics
- Others
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