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Research and Markets: Global Telemedicine Market 2012-2016: One of the Main Drivers Is the Increased Adoption of Remote Patient Monitoring Worldwide

08/01/2013 | 11:35am EDT

Research and Markets (http://www.researchandmarkets.com/research/n9xdn8/global) has announced the addition of the "Global Telemedicine Market 2012-2016" report to their offering.

The analysts forecast the Global Telemedicine market to grow at a CAGR of 18.9 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased remote monitoring of patients. The Global Telemedicine market has also been witnessing an increase in the number of strategic partnerships among vendors. However, the lack of common standards could pose a challenge to the growth of this market.

Commenting on the report, an analyst from the team said: One of the significant trends in this market is that its major players are focusing on R&D activities to launch innovative products and services. For instance, in 2008, Siemens Healthcare introduced the ARTISTE Solution, and Mennen Medical introduced the VitaLogik 4000 Series Patient Monitor. Other vendors have also been developing innovative products to increase product quality. RTX Healthcare, for instance, introduced a new wireless telehealth monitor, and Cardiac Science introduced Quinton Q-Tel RMS 3.0 in May 2007. Further, SHL Group Ltd. introduced the Advanced ECG Transmission Device, Honeywell introduced Telehealth Ecosystem in October 2007, and TeleVital launched a telemedicine service.

Remote monitoring of patients through telemedicine is rapidly gaining acceptance in the EMEA region, where the number of people over 65 years of age are the highest in the world. Moreover, the Global Telemedicine market is experiencing a significant increase in the number of federal grants offered in the US.

Companies Mentioned:

- AMD Global Telemedicine Inc.

- Agfa-Gevaert NV

- Alcatel-Lucent

- American Telecare Inc.

- Cisco

- Cybernet Medical Corp.

- Honeywell HomMed LLC

- Lifesize Communications

- Lifewatch AG

- Philips Healthcare

- Polycom Inc.

- Robert Bosch Healthcare

- SHL Telemedicine Ltd.

- Sony Corp.

- Vamstec

- Viterion Telehealthcare

- Zydacron

For more information visit http://www.researchandmarkets.com/research/n9xdn8/global

About Research and Markets

Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Research and Markets
Laura Wood, Senior Manager.
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Healthcare and Medical Devices

© Business Wire 2013
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