Telemedicine business huge abroad

Brazil, Russia, India, China are making huge gains in the telemedicine market.

According to one report:

Telemedicine Market in Brazil, Russia, India, China (BRIC) is expected to reach a market size of $418.4 million by the year 2014, at a CAGR of 15.8 percent from 2009-2014 accoring to a report.

"The BRIC telemedicine technology market is expected to reach a size of $307.4 million by the year 2014 growing at a CAGR of 16.6per cent from 2009-2014 and BRIC telemedicine service market will reach $111 million in 2014 with CAGR of 13.8 percent, According to the new market research report by MarketsandMarkets.

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 BRIC telemedicine market.

Teleconsultation, telecardiology and teleradiology 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 user and are in emerging stage.

It is important to receive excellent telecommunications and telemedicine law advice from an experienced attorney for any business proposal involving the U.S. market.

For advice on properly structuring a telemedicine practice or business,consult an attorney experienced in telemedicine laws.

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