BRIC Telemedicine Market Set for Rapid Growth, To Reach USD 1.20 billion by 2020
24 Market Reports adds “Global BRIC telemedicine Market Professional Survey Report 2018” new report to its research database. The global BRIC telemedicine market report has been segmented on the basis of product, allergen, tests, end user, and region.
The BRIC telemedicine market is expected to reach USD 1.20 billion by 2020 from USD 498.7 million in 2015, at a CAGRof 19.2% during the forecast period (2015–2020). Telemedicine is the use of electronic communications for medical information exchange from one site to another in order to improve a patient’s clinical health status. In this report, the BRIC telemedicine market is broadly segmented by component, application, delivery mode, and country.
On the basis of component, the BRIC telemedicine market is divided into services, software, and hardware. The services segment accounted for the largest share of the BRIC telemedicine market in 2015. Factors such as rising adoption of remote monitoring solutions and technological advancements in telecommunications are contributing to the growth of this segment.
On the basis of deployment mode, the BRIC telemedicine system market is categorized into three segments, namely, on-premise, web-based, and cloud-based. The web-based segment accounted for the largest share of the BRIC telemedicine delivery mode market in 2015. Factors such as huge customer base and remote data accessibility are driving the growth of this segment.
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On the basis of application, the BRIC telemedicine market is segmented into teleconsultation, teleradiology, telecardiology, telepathology, teledermatology, and other applications. The teleconsultation segment accounted for the largest share in 2015.
China accounted for more than half of the BRIC telemedicine market in 2015. It is a major market for telemedicine due to factors such as 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. Brazil, on the other hand, is expected to grow at the highest CAGRover the next five years. Growth in the Brazilian telemedicine market is mainly driven by the increased purchasing power, emerging mindset towards wellness, and rising healthcare expenditure.
The need for better healthcare in rural areas, tremendous growth in telecommunication, rising prevalence of chronic diseases in BRIC nations, and low cost of telemedicine are the major factors fuelling the growth of this market. However, high infrastructure cost and lack of skilled resources may restrain the market growth. On the other hand, favorable government initiatives present a huge growth potential for telemedicine in the BRIC nations.
Reasons to buy this report:
From an insight perspective, this research report has focused on various levels of analysis — industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape; emerging and high-growth segments of the BRIC telemedicine market; high-growth regions; and market drivers, restraints, and opportunities.
The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on gallery equipment offered by the top players in the global BRIC telemedicine market
• Product Development/Innovation: Detailed insights on the upcoming technologies, research & development activities, and new product launches in the BRIC telemedicine market
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for BRIC telemedicine across various regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global BRIC telemedicine market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of the leading players in the global BRIC telemedicine market
You can also get individual chapter wise section or region wise report versions like North America, Europe or Asia.
Table of content
1 INTRODUCTION 12
1.1 OBJECTIVES OF THE STUDY 12
1.2 MARKET DEFINITION 12
1.3 MARKET SCOPE 13
1.3.1 MARKETS COVERED 13
1.3.2 YEARS CONSIDERED FOR THE STUDY 14
1.4 CURRENCY 14
1.5 LIMITATIONS 14
1.6 STAKEHOLDERS 14
2 RESEARCH METHODOLOGY 15
2.1 MARKET SIZE ESTIMATION 16
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 19
2.2.1 KEY DATA FROM SECONDARY SOURCES 20
2.2.2 KEY DATA FROM PRIMARY SOURCES 20
2.2.3 KEY INDUSTRY INSIGHTS 21
2.2.4 ASSUMPTIONS 21
3 EXECUTIVE SUMMARY 22
4 PREMIUM INSIGHTS 27
4.1 BRIC TELEMEDICINE: MARKET OVERVIEW 27
4.2 GEOGRAPHIC ANALYSIS OF THE BRIC TELEMEDICINE MARKET, BY APPLICATION 28
4.3 BRIC TELEMEDICINE MARKET, BY COUNTRY 29
4.4 BRIC TELEMEDICINE MARKET, BY COMPONENT 30
4.5 BRIC TELEMEDICINE MARKET, BY DELIVERY MODE 30
5 MARKET OVERVIEW 31
5.1 INTRODUCTION 32
5.2 MARKET SEGMENTATION 32
5.3 MARKET DYNAMICS 33
5.3.1 DRIVERS 33
5.3.1.1 Telecommunication growth in BRIC countries 33
5.3.1.2 Rising prevalence of chronic diseases 34
5.3.1.3 Need for better healthcare in rural areas 35
5.3.1.4 Cost-effectiveness of telemedicine 35
5.3.2 RESTRAINTS 36
5.3.2.1 Lack of skilled resources 36
5.3.2.2 High infrastructure cost 36
5.3.2.3 Legality, Privacy, and Security Concerns 36
5.3.3 OPPORTUNITIES 37
5.3.3.1 Growth potential for stakeholders 37
5.3.3.2 Favorable government initiatives 37
5.3.4 CHALLENGES 38
5.3.4.1 Lack of telemedicine standards 38
6 BRIC TELEMEDICINE MARKET, BY COMPONENT 39
6.1 INTRODUCTION 40
6.2 SERVICES 41
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