BRICS Telemedicine Market: Overview
The integration of information technology with the healthcare industry is arguably one of the most lucrative and beneficial developments in patient care delivery. The telemedicine market has been expanding with lightning speed around the globe and this dynamic market holds immense scope for growth in the emerging economies of the BRICS group.
This report has been designed to help clients ascertain the key areas of growth and prepare them for the hurdles that lie ahead. Major opportunities have been presented and recommendations to overcome challenges have also been listed. Leading industry tools such as SWOT analysis, Porter’s Five Forces analysis model, value chain analysis, market attractiveness, and investment feasibility studies have been deployed to give readers a 360-degree overview of the BRICS telemedicine market and its various nuances.
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BRICS Telemedicine Market: Trends and Opportunities
A high percentage of the population in most BRICS countries is plagued by lifestyle and chronic diseases such as asthma, diabetes, and cardiac ailments. This is the most significant factor driving the uptake of telemedicine solutions in these nations. The urgent need for proper healthcare facilities and infrastructure, especially in rural areas, serves as a key driving factor for players in the telemedicine market. Improving internet connectivity in larger cities also acts as a major propellant.
With the development of a knowledge-sharing platform that is aimed at widening the scope of telemedicine, the report highlights the several opportunities that will be presented to players in this market. Constant support from various governments across BRICS nations to not just generate awareness among consumers but also ensure these services are affordable to all is another factor that is likely to ensure the steady growth of this market.
On the flip side, high infrastructure costs acts as a key deterrent. In addition, a certain lack of interest on the part of patients as well as doctors in most rural areas and certain legal hurdles in the provision of telemedicine threaten the smooth development of the market in BRICS countries.
Companies Mentioned in the Report
Some of the leading players in the BRICS telemedicine market are Philips Healthcare, Haemonetics Corp., Apollo Hospitals, Maestros Telemedicine, Amd Global Telemedicine Inc., Medisoft Telemedicine Pvt. Ltd., Cloudvisit Telemedicine, GE Healthcare, Reach Health, and SnapMD Telemedicine Technology. Companies in this market are highly focused on innovation, investing significant amounts into the research and development of devices, software, and services that can be used for self-care and pre-op and post-op patient monitoring.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
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