According to the new market research report, “Telemedicine Market in Brazil, Russia, India, China (BRIC) - Advanced technologies, Global Forecast” published by MarketsandMarkets (www.marketsandmarkets.com), the BRIC telemedicine is expected to reach a market size of $418.4 million by the year 2014, at a CAGR of 15.8% from 2009-2014. The BRIC telemedicine technology market is expected to reach a size of $307.4 million by the year 2014 growing at a CAGR of 16.6% from 2009-2014 and BRIC telemedicine service market will reach $111 million in 2014 with CAGR of 13.8%.
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BRIC telemedicine market is witnessing a significant growth due to increase in the number of patients suffering from chronic diseases such as chronic obstructive pulmonary disease (COPD), chronic heart failure (CHF), asthma, hypertension, and diabetes. An increase in IT spending are identified as the key factors boosting demand for telemedicine in these countries. Moreover increasing demand for better healthcare services and growth in telecommunication network are also impacting the BRIC telemedicine market.
The BRIC telemedicine market is classified based on the type of technology and services used. Technology market can further be divided on hardware used and network connectivity solutions. Here basic telemedicine platform and clinical devices are the major hardware in use.
BRIC telemedicine market is further analyzed on the basis of telemedicine applications such as Teleconsultation, Telecardiology and Teledermatology. Teleconsultation, Telecardiology and Telepathology are the major telemedicine applications in BRIC countries. Telecardiology is very popular in India where as Teleradiology is more popular in Brazil after Teleconsultation. Teledermatology, Telesurgery and home telehealth are less in use and are in emerging stage.
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