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North America Telemedicine Market Analysis, Growth [2031]
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North America Telemedicine Market Analysis, Growth [2031]

Segments - North America Telemedicine Market by Types (Telehospitals, Telehomes, and mHealth (Mobile Health)), Components (Products [Hardware, Software, and Others], Services [Telepathology, Telecardiology, Teleradiology, Teledermatology, Telepsychiatry, and Others]), Mode of Deliveries (On-premise Delivery and Cloud-based Delivery), and Geography (The US and Canada) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Author : Raksha Sharma
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Editor : Vishal Golekar

Upcoming | Report ID :HC-3568 | 4.6 Rating | 80 Reviews | 166 Pages | Format : PDF Excel PPT

Report Description


The North America telemedicine market size is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand for remote delivery of healthcare services.

North America Telemedicine Market Key Takeaways

Telemedicine offers the benefit of remote monitoring of patients with electronic communication. The combination of current innovation has enabled availability of tele-consulting with video-conferencing tools. This aids healthcare professionals in monitoring the patients in real time with certain health conditions. The telemedicine services include a wireless communication system, which improves the safety of the patients and practitioners.

  • Rapid growth in the adoption of telemedicine services among the aging population is expected to boost the telemedicine market growth.
  • Expanding awareness regarding remote patient monitoring is spurring the development of the market.
  • Rising penetration of digitization in the healthcare industry is anticipated to fuel the growth of the market.
  • The ongoing episode of the COVID-19 pandemic has increased the dependence of telemedicine services owing to social distancing norms.
  • Telemedicine as a cost-effective platform for diagnosis and treatment is projected to spur market growth in the coming years.
  • Data security issues of telemedicine services can hinder the growth of the market.
  • Government initiatives to promote the adoption of telemedicine in North America is likewise expected to create lucrative opportunities during the forecast period.

Scope of the Report                               

The report on the North America telemedicine market 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 - North America 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], Services [Telepathology, Telecardiology, and Teleradiology, Teledermatology, Telepsychiatry, and Others]), Mode of Deliveries (On-premise Delivery and Cloud-based Delivery)

Geographical Scope

The US and Canada

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

InTouch Technologies Inc.; AMD Global Telemedicine Inc.; Biotelemetry; SHL Telemedicine; and Teladoc.

Telemedicine Market Segment Insights

mHealth (mobile health) segment is expected to grow at a rapid pace

Based on types, the market is divided into telehospitals, telehomes, and mHealth (mobile health). The mHealth segment is estimated to account for a significant share of the market owing to the increasing penetration of smartphones and use of the same to maximize patient outreach at minimal cost, resulting in cost-efficiency throughout the market. However, rapid digitalization and changing customary types of medical services, the telehomes segment is anticipated to expand at a rapid pace during the forecast period due to rising contactless mHealth services.

North America Telemedicine Market By Types

Services segment is projected to expand at a considerable CAGR

In terms of components, the telemedicine market is bifurcated into products and services. The products segment is further classified as hardware, software and others. The services segment is further segmented into telepathology, telecardiology, and teleradiology, teledermatology, telepsychiatry, and others. The teledermatology sub-segment is estimated to account for a key share of the market due to prevalence of dermal conditions with changing ways of life and environmental elements.

Cloud-based model segment is projected to expand at a considerable CAGR

On the basis of mode of deliveries, the market is classified as on-premise models and cloud-based models. The cloud-based model segment is projected to expand at a considerable CAGR during the forecast period. Cloud-based model attributed to the adoption of visualized care delivery solutions. This cloud-based model segment carries the advantages such as automated software up gradations, remote accessibility, easy scalability, disaster recovery, and storage flexibility.

The US is anticipated to constitute a large market share

In terms of geography, the North America market is segregated into the US and Canada. The US is expected to constitute a key share of the market during the projected period due to the rapid growth of the IT industry and rising usage of high-speed Internet and widespread adoption of smart devices. The market in the US is estimated to grow at a robust rate owing to the high healthcare expenditure, followed by the active participation of the population in physical activities, which is one of the factors driving the growth of the market in the country.

Segments

Segments Covered in the Report
The North America 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 Deliveries
  • On-premise Delivery
  • Cloud-based Delivery
Geography
  • The US
  • Canada
Key Players
  • InTouch Technologies Inc.
  • AMD Global Telemedicine Inc.
  • Biotelemetry
  • SHL Telemedicine
  • Teladoc

Competitive Landscape

Key players competing in the North America telemedicine market are InTouch Technologies Inc.; AMD Global Telemedicine Inc.; Biotelemetry; SHL Telemedicine; and Teladoc.

North America Telemedicine Market By Key Players

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 (000’ 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. InTouch Technologies Inc. AMD Global Telemedicine Inc. Biotelemetry SHL Telemedicine Teladoc

Methodology

Our Clients

Siemens Healthcare
General Electric
FedEx Logistics
The John Holland Group
Honda Motor Co. Ltd.
Nestle SA
Pfizer
General Mills