Telemedicine Market Witnessing Significant Growth in Europe

A recently released report by Technavio reveals that the Global Telemedicine market is expected to grow at a CAGR of 19 percent.

London, UK, August 29, 2011 -- A recently released report by Technavio, specialists in emerging technologies market research, reveals that the Global Telemedicine market is expected to grow at a CAGR of 19 percent.

The report, which covers the Americas as well as the EMEA and APAC regions, indicates that the market is being driven by the growth opportunities in Europe.

According to Technavio’s industry analyst, “Though the United States has been dominating the Global Telemedicine market, Europe and developing nations are rapidly catching up. This shift is occurring mainly of the increase in the number of patients with chronic diseases and the increasing availability of online healthcare services.”

The report also highlights that the lack of standardized classifications is hindering the growth of this market. However, the increase in remote monitoring of patients is expected to keep driving the market. The market is also being boosted by the increase in telesurgery.

These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.

Technavio’s report, Global Telemedicine market 2010–2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market, including Philips Healthcare, Agfa Healthcare, Honeywell HomMed, and AMD Telemedicine Inc.

For further information and to obtain your copy of this report, please visit Follow us on Twitter: @technavio for daily updates.

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