2016 telemedicine industry development status analysis and future scale prediction
Telemedicine has several major domestic markets: the traditional B2B and other remote consultation, remote education, B2C telemedicine, online consulting, remote monitoring, telemedicine pension institutions, health wearable, cross-border telemedicine. In recent years, the domestic telemedicine market has grown rapidly.
Chart 1: China's telemedicine industry market size in 2012-2015
Source: China Business Research Institute
The market size of telemedicine (including remote patient monitoring, video conferencing, online consultation, personal medical care devices, wireless access electronic cases and prescriptions) reached 3.6 billion yuan in 2015, an increase of 34.8% over the previous year, with the popularization of mobile medical terminals. The development of medical Internet of Things and the participation of medical institutions have increased. It is expected that the market size will reach 17.2 billion yuan by the end of 2018.
Chart 2: Estimated market size of China's telemedicine industry in 2016-2018
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