Telemedicine market to grow to $34B by 2020: 6 key points

Written by Megan Wood | August 04, 2015 | Print  |

Mordor Intelligence released a report, 'Global Telemedicine Market — Growth, Trends & Forecasts,' according to Firstpost.

Here are six key points:


1. The global market is expected to hit $34.27 billion by 2020.


2. North America will lead the global market, with more than 40 percent of the global market size.


3. The therapeutic vaccines market is expected to grow at a CAGR of 18.6 percent, according to the report.


4. An aging population, more chronic disease and rise in the software market will all contribute to the growing telemedicine market.


5. Aerotel Medical Systems, IBM, Intouch Technologies, Medical International Research, Medtronic, Roche, Siemens Healthcare, 3M Health and Allscripts Healthcare Solutions are all active telemedicine players.


6. A smaller sector of telehealth, telemedicine is defined as remote clinical services.


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