Singapore, July 9, 2010: According to the new market research report, "Telemedicine Market in Brazil, Russia, India, China (BRIC) - Advanced technologies, Global Forecast" published by MarketsandMarkets, the telemedicine market in BRIC is expected to reach $418.4 mn by the year 2014, at a CAGR of 15.8 percent between 2009 and 2014.

The BRIC telemedicine technology market is expected to reach a size of $307.4 mn by the year 2014 growing at a CAGR of 16.6 percent from 2009 to 2014 and BRIC telemedicine service market will reach $111 mn in 2014 with CAGR of 13.8 percent.

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. In this report the basic telemedicine platform and clinical devices are the major hardware in use.