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Telemedicine business huge abroad

By Michael H. Cohen, Esq.

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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Michael H. Cohen is an attorney providing business legal advice to green entrepreneurs and companies, and health care law advice to businesses and physicians, acupuncturists, naturopaths, homeopaths and others in the holistic health, wellness, and green industries. He works with telemedicine and other cutting-edge technologies and gives clear legal advice to grow your business.

As a founding attorney of the Global Vision Law Group, he represents businesses poised for vertical lift, whose leaders are conscious, intuitive, and committed to shaping a better world. Michael also advises medical spas and integrative medicine clinics, physicians, chiropractors, naturopathic physicians, massage therapists, energy healers, nutritionists and herbalists, dietary supplement and cosmetics companies, and businesses with bio-energy and other technologies and medical devices. The website also offers the Entrepreneur's Legal Toolkit as a series of legal guides to businesses.

Read reviews of Mr. Cohen's work on the Complementary Complementary and Alternative Medicine Law Blog. And visit the Legal Services page for information on legal services where a  flat rate or project fee can be discussed (such as incorporation for entrepreneurs, review and drafting of business contracts, trademark, and health law services for CAM providers and others).

Clients through the Global Vision Law Group includes businesses not only in California, New York, Maryland, Massachusetts, Washington, D.C., and other U.S. states, but also abroad.  Our firm also provides special expertise to attorneys and law firms whose clients are involved in wellness industry projects or who require guidance regarding fee-splitting, Stark, anti-kickback, medical board discipline, and other health law and regulatory compliance issues.

To speak with a lawyer about health care law issues pertaining to complementary and alternative medicine, or to consult a business lawyer about laws and legal issues for entrepreneurs and new enterprises that are seeking legal advice, contact the Global Vision Law Group today. 

 

Full post as published by Complementary And Alternative Medicine Law Blog on September 02, 2010 (boomark / email).