Brazil Telemedicine Market: Segmented by Service (Tele-consulting, Tele-monitoring, Tele-education/training) and by End User (Telehospital, Telehome)- Industry Analysis Report, Growth Potential, Competitive Market Share & Forecast, 2019 – 2028
The telemedicine market size in Brazil touches around USD 190 million in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.
In a country like Brazil, where there’s a huge social gap in the society, telemedicine is an effective option to reduce such gaps. This technology allows patients to save hours, reduce cost, minimize errors and get quality treatment even in the smallest of cities. The Covid-19 pandemic has also acted as a catalyst for increasing the use of telemedicine applications.
Brazil’s increasing population is the major factor for growth of telemedicine market. The growing population increases the load on current healthcare services of the country which fuels the need for telemedicine. Similar is the case of Covid-19 pandemic, after which there has been an exponential growth in the market. Due to owing of government support by various initiatives, a huge growth is expected.
Technological advancements, increasing usage of smart gadgets, internet permeability, telehealth applications based on machine learning, and IoT are also some of the factors responsible for growth of the market.
1. Telemedicine Market Therapeutics Market Overview……………………………… A. Market Size 2. Market Growth Drivers…………………………………………………………………. A. Increasing population B. Government initiative C. COVID Guidelines in the country 3. Telemedicine use by Disease A. Diabetes B. Oncology C. Chronic Disease D. Mental Health E. Others 4. Telemedicine Market Segmentation………………………………… A. By Service I. Tele-consulting II. Tele-monitoring III. Tele-education/training B. By End user analysis I. Tele-hospitals II. Tele-homes 5. Major Products Market Share……………………………… A. Market Analysis, Insights and Forecast to 2028 6. Competitive Landscape………………………………………………………………… A. Major Players B. Company Market Position Analysis 7. Key Company Profiles………………………………………………………………….. A. AMD Global telemedicine B. Cisco systems Inc. C. Doktor.se 8. Healthcare Policies and Regulatory Landscape…………………………………… A. Policy changes and Reimbursement scenario 9. Factors Driving Future Growth………………………………………………………… A. New Trends and Development of Telemedicine Market B. Future Opportunities 10. Conclusion
Based on this classification we have teleradiology, telepathology, telecardiology, telepsychiatry, and telmatology, etc. Due to lack of healthcare facilities in the country in the Covid-19 times, and by government initiative to reduce the loads, tele consultation is generating a huge value for the company and for individuals. The country faces a lot of displacement challenges, which makes tele consultation more economical.
By End-user analysis:
According to WHO report, the elderly population of Brazil is estimated to touch 49 million by 2050, which means elderly population is a huge market in the country to fulfil. After the implementation of Family health strategy (FHS) the use of tele-homecare has tremendously increased in elderly population.
With the government initiative, to decrease this huge burden, the tele-health facility is also under a lot of new technological advancements but still behind in terms of tele-home.
AMD Global telemedicine, Cisco systems Inc., GE healthcare, and Honeywell lifesciences are some of the major players in the market. These players are more focused in improving technical offering and market penetration.
One such new development in market is the partnership of VivaBem with Sweden’s telemedicine provider Doktor.se, paving the way for other swiss companies to enter the market.
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