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Telemedicine Market Size, Share, Growth & Forecast 2031

Telemedicine Market

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Segments - by Types (Telehospitals, Telehomes, and mHealth (Mobile Health), Components (Products [Hardware, Software, and Others] and Services [Telepathology, Telecardiology, Teleradiology, Teledermatology, Telepsychiatry, and Others]), Mode of Delivery (On-premise Delivery and Cloud-based Delivery), and Regions (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America) - Global Industry Analysis, Growth, Share, Size, Trends, And Forecast 2021 – 2028.

Report ID: HC-1362
Author: Growth Market Reports

Rating: 4.3
Total Reviews: 78

No. Of Pages: 201
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Pub. Date: Upcoming
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Report Description

The global telemedicine market size was valued at USD 38,288 Million in 2020 and is projected to expand at a CAGR of 27% during the forecast period, 2021-2028. The growth of the market is attributed to the rising healthcare costs and increased utilization of healthcare services.

Telemedicine helps healthcare professionals to analyze, diagnose, and treat the patient from the remote location with the help of telecommunication. Remote patient monitoring is a key parameter of telemedicine, which provides healthcare professionals an advantage of monitoring patients from a distance.

Telemedicine requires the usage of electronic communication and software that helps in providing clinical services to patients without visits. It provides convenient and affordable access to healthcare. Telemedicine uses information and telecommunications technology to provide remote clinical services to patients.

Telemedicine confers a cost-effective platform for the diagnosis and treatment of patients, as it eliminates the requirement for visiting hospital or clinics. The cost-effectiveness of telemedicine is attributed to the presence of an adequate number of patients, sharing the same telemedicine infrastructure.

Market Trends, Drivers, Restraints, and Opportunities

Rising healthcare cost is anticipated to drive the growth of the telemedicine market.
Increasing adoption of telemedicine among the geriatric population is expected to boost the market growth during the forecast period.
Growing consumer demand for innovative and new techniques is speculated to positively impact the telemedicine market growth.
Increasing remote patient monitoring is expected to propel the market growth during the forecast period.
Growing burden of chronic diseases had led to significant growth in the market.
Rising healthcare fraud can hinder the telemedicine market growth.
Ongoing technological advancements is expected to create lucrative opportunities for the industry players during the forecast period.

Scope of Telemedicine Market Report

The report on the global telemedicine market research report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Telemedicine Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Types (Telehospitals, Telehomes, and mHealth (Mobile Health), Components (Products [Hardware, Software, and Others] and Services [Telepathology, Telecardiology, Teleradiology, Teledermatology, Telepsychiatry, and Others]), Mode of Delivery (On-premise Delivery and Cloud-based Delivery)
Geographical Zone	North America, Europe, Latin America, Asia Pacific, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Allscripts Healthcare Solutions Inc., BioTelemetry, Medtronic, Koninklijke Philips NV, AMD Global Telemedicine Inc., Resideo Technologies Inc., and Aerotel Medical System

Telemedicine Market Segment Insights

Telehomes segment to account a considerable market share

Based on types, the market is divided into telehospitals, telehomes, and mhealth (mobile health). The telehomes segment is anticipated to account for a considerable market share during forecast period. Telehomes is an innovative way to monitor a patient’s health and provide information of the same using the latest technology. Its monitoring allows early identification of diseases, preventing chronic conditions. Increasing adoption rate of telehomes services owing to the growing awareness is expected to boost the growth of the telemedicine market.

Services segment to account a major market share

On the basis of components, the global telemedicine market is segmented into products and services. The products segment is further bifurcated into hardware, software, and others. The services segment is segmented into telepathology, telecardiology, teleradiology, teledermatology, telepsychiatry, and others. The services segment is expected to account for a major market share during forecast period.

Increasing imaging practices and rising adoption of teleradiology workflow by healthcare providers, and the streamlining and regulation of teleradiology practices are spurring the segment growth. The integration of artificial intelligence (AI) into teleradiology, implementation of picture archiving and communication system (PACS), and rising R&D activities pertaining to eHealth are expected to boost the segment growth.

Cloud-based delivery segment to exhibit a high CAGR

In terms of mode of delivery, the market is divided into on-premise delivery and cloud-based delivery. The cloud-based delivery segment is anticipated to exhibit a high CAGR during the forecast period. The presence of technologically advanced solutions, rising penetration of cloud-based solutions are expected to boost the adoption of visualized care delivery solutions, driving the segment growth.

North America to dominate market

In terms of regions, the global telemedicine market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to dominate the market. Growing adoption of cloud-based technology in healthcare is expected to boost the market growth in the region.

Ongoing research and development in the telemedicine industry in North America is expected to propel the market growth. The market in Asia Pacific to exhibit a robust CAGR during the forecast period. Increasing demand for telemedicine and healthcare services in emerging countries such as India, Indonesia, and China is fostering the market growth in the region.

Segments

The global telemedicine market has been segmented on the basis of

Types

Telehospitals
Telehomes
mHealth (Mobile Health)

Components

Products
- Hardware
- Software
- Others
Services
- Telepathology
- Telecardiology
- Teleradiology
- Teledermatology
- Telepsychiatry
- Others

Mode of delivery

On-premise delivery
Cloud-based delievry

Regions

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Key Players

Allscripts Healthcare Solutions Inc.
BioTelemetry
Medtronic
Koninklijke Philips NV
AMD Global Telemedicine Inc.
Resideo Technologies Inc.
Aerotel Medical System

Competitive Landscape

Key players operating in the market includes Allscripts Healthcare Solutions Inc., BioTelemetry, Medtronic, Koninklijke Philips NV, AMD Global Telemedicine Inc., Resideo Technologies Inc. and Aerotel Medical System,

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Telemedicine Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Telemedicine Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Telemedicine Market - Supply Chain
  4.5. Global Telemedicine Market Forecast
     4.5.1. Telemedicine Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Telemedicine Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Telemedicine Market Absolute $ Opportunity
5. Global Telemedicine Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Telemedicine Market Size and Volume Forecast by Types
     5.3.1. Telehospitals Telehomes mHealth (Mobile Health)
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Telemedicine Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Telemedicine Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Telemedicine Demand Share Forecast, 2019-2026
7. North America Telemedicine Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Telemedicine Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Telemedicine Market Size and Volume Forecast by Types
     7.4.1. Telehospitals Telehomes mHealth (Mobile Health)
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Telemedicine Demand Share Forecast, 2019-2026
8. Latin America Telemedicine Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Telemedicine Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Telemedicine Market Size and Volume Forecast by Types
     8.4.1. Telehospitals Telehomes mHealth (Mobile Health)
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Telemedicine Demand Share Forecast, 2019-2026
9. Europe Telemedicine Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Telemedicine Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Telemedicine Market Size and Volume Forecast by Types
     9.4.1. Telehospitals Telehomes mHealth (Mobile Health)
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Telemedicine Demand Share Forecast, 2019-2026
10. Asia Pacific Telemedicine Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Telemedicine Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Telemedicine Market Size and Volume Forecast by Types
     10.4.1. Telehospitals Telehomes mHealth (Mobile Health)
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Telemedicine Demand Share Forecast, 2019-2026
11. Middle East & Africa Telemedicine Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Telemedicine Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Telemedicine Market Size and Volume Forecast by Types
     11.4.1. Telehospitals Telehomes mHealth (Mobile Health)
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Telemedicine Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Telemedicine Market: Market Share Analysis
  12.2. Telemedicine Distributors and Customers
  12.3. Telemedicine Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Allscripts Healthcare Solutions Inc. BioTelemetry Medtronic Koninklijke Philips NV AMD Global Telemedicine Inc. Resideo Technologies Inc.

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