2014-03-17 22:11:02 - Global Telemedicine Market Outlook to 2018 - a new market research report on companiesandmarkets.com
The market, which stood at US$ 14.2 Billion in 2012, is expected to grow at a CAGR of 18.5% during 2012-2018. The deployment of telemedicine services is galloping with continuous development of telecommunication.
The shortage of physicians in rural and remote areas provides opportunity for telemedicine to increase its services to millions of patients and this widespread deployment of services will continue at a rapid pace in future as well. The increase in telemedicine applications are surging due to high prevalence of chronic diseases, consistent need for improved quality services and rising elderly population across countries which thereby urge telemedicine to deliver improved products with higher patient satisfaction.
The Government and market players, particularly across U.S, have taken a step forward to
support benefits of telehealth/telemedicine services via proposed Medicare and Medicaid programs. Recognizing the potential of telemedicine for the development of healthcare in the country, the USDA has provided funding that are expected to deliver positive outcomes in the field of telemedicine.
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