The Global Telemedicine Market size was estimated to be US$ 40 billion in 2019 and is expected to grow at a healthy rate of 13.5% through 2030.Telemedicine is the exchange of medical information through telecommunication technology that aid healthcare professionals to evaluate, diagnose, and treat patients in remote locations. Telemedicine provides clinical support to patients residing in different locations. Introduction of telemedicine is overcoming the geographical barriers and connecting users related to different geographical locations improving the health outcomes. Rising number of chronic patients across remote areas in underprivileged countries is driving the telemedicine market. The application of telemedicine across low-income countries has proven the solution to be feasible, sustainable, and clinically useful. A growing number of pandemic cases are restricting the movement of people owing to the rise in social distancing driving the demand for virtual care facilities across the globe. Telemedicine is aiding patients to get medical assistance over virtual conversation keeping them safe and secure at homes in this quarantine phase. Rising demand for lowering medical costs and minimizing hospital visits is strengthening the telemedicine market. Diagnosis and treatment costs are expensive in regions such as North America and Europe. Furthermore, frequent doctor visits and hospitalization are unaffordable for the economical population. The global pandemic parameters have offered new opportunities to the market players to expand their business operations through mergers and acquisitions across the globe. This has intensified the competition in the market and is expected to contribute towards the growth of the global Telemedicine market during the forecast period.
North America contributed a dominating share to the global telemedicine market in terms of revenue in 2019 and is expected to be dominating geography throughout the forecast period. Increasing the geriatric population coupled with a rise in the number of chronic patients across the region is driving the telemedicine market. Increasing the spread of lethal coronavirus is affecting the geriatric population and these populations are seeking virtual help to strengthen their immunity. Additionally, the old aged patients with respiratory problems are taking special precautions suggested by doctors through video, email, or phone calls. Asia Pacific region is expected to gain a higher market share in the forecast timeline owing to the transformation of healthcare infrastructure, increasing population, and limited medical staff. Countries such as China, Japan, and South Korea are investing in R&D activities to drive the adoption of telemedicine market across the region. Rising overcrowded hospitals and clinics in these regions coupled with a large number of the rural population are creating new market opportunities for the telemedicine market.
Telemedicine Market Share Analysis, by Geography (2020
The report titled “Telemedicine Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032”, wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global Telemedicine market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, BASF SE generated a revenue of US$ 67,027.1 Mn in 2019 and the business segment analysis of the company indicates that Surface Technologies business segment of the company dominated revenue in 2019.
The global telemedicine market is segmented on the basis of component, mode of delivery, application, end-user and geography. Based on component, the global telemedicine market is segmented into software & services and hardware. Based on deployment, the global telemedicine market is segmented into cloud based and on premise platform. Based on application, the global telemedicine market is segmented into teleradiology, tele-consultation, tele-ICU, tele-stroke, tele-psychiatry, tele-dermatology and others. Based on end-user, the global telemedicine market is segmented into providers, payers, patients and others. Based on geography, the global telemedicine market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Belgium, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Indonesia, Australia, South Korea, Taiwan, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, the UAE, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on telemedicine. Further, market share of prominent companies in the global Telemedicine market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the telemedicine companies. The global telemedicine market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the telemedicine business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global telemedicine market.
Major players active in the global Telemedicine market include Koninklijke Philips N.V., Medtronic, Cerner Corporation, AMC Health, Siemens Healthineers, Iron Bow Technologies, Cisco Systems, Inc., Vsee, Chiron Health,Teladoc Health Inc., American Well, GE Healthcare, Medvivo Group Ltd, MedWeb, MDLive, Doctor on Demand, Asahi Kasie Corporation, Telespecialists Llc, GlobalMed, IMediplus Inc., Zipnosis.
Segmentation:
By Component:
- Software & services
- Hardware
By Deployment:
By Application:
- Teleradiology
- Tele-consultation
- Tele-ICU
- Tele-stroke
- Tele-psychiatry
- Tele-dermatology
- Others
By End Users:
- Providers
- Payers
- Patients
- Others
By Geography :
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Belgium
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Brazil
- Rest of South America
1. Introduction 1.1. Research Objectives 1.2. Report Assumptions 1.3. Research Methodology 1.4. Abbreviations 2. Preface 2.1. Market Definition 2.2. Report Scope and Market Segmentation 2.3. Research Highlights 3. Market Synopsis: Global Telemedicine Market 4. Global Telemedicine Market Qualitative Analysis 4.1. Ecosystem Analysis 4.1.1. Role of participants 4.1.2. Integration scenario 4.2. Trends 4.2.1. Market trends 4.2.2. Technology Trends 4.3. PESTEL Analysis (For 5 prominent countries) 4.4. Market Influencers 4.4.1. Driving Forces 4.4.2. Hindering Forces 4.4.3. Opportunities 4.5. Supply Demand Scenario 4.6. Rules & Regulations 5. Global Telemedicine Market Analysis and Forecast, by Product 5.1. Overview and definitions 5.2. Key segment analysis 5.3. Global Telemedicine Market Estimates (US$ Mn), by Component, 2018 – 2030 5.3.1. Product 5.3.2. Services 5.3.2.1. Tele-consulting 5.3.2.2. Tele-monitoring 5.3.2.3. Tele-education 6. Global Telemedicine Market Analysis and Forecast, by Application 6.1. Overview and definitions 6.2. Key segment analysis 6.3. Global Telemedicine Market Estimates (US$ Mn), Application, 2018 – 2030 6.3.1. Teleradiology 6.3.2. Telepsychiatry 6.3.3. Telepathology 6.3.4. Teledermatology 6.3.5. Telecardiology 6.3.6. Others 7. Global Telemedicine Market Analysis and Forecast, by Delivery Model 7.1. Overview and definitions 7.2. Key segment analysis 7.3. Global Telemedicine Market Estimates (US$ Mn), Delivery Model, 2018 – 2030 7.3.1. Web-based 7.3.2. Mobile-App based 7.3.3. Call Centers 8. Global Telemedicine Market Analysis and Forecast, by End Use 8.1. Overview and definitions 8.2. Key segment analysis 8.3. Global Telemedicine Market Estimates (US$ Mn), End Use, 2018 – 2030 8.3.1. Providers 8.3.2. Payers 8.3.3. Patients 9. Global Telemedicine Market Analysis and Forecast, by Region 9.1. Overview and definitions 9.2. Key segment analysis 9.3. Global Telemedicine Market Estimates (US$ Mn), by Region, 2018 – 2030 9.3.1. North America 9.3.2. Europe 9.3.3. Asia Pacific 9.3.4. Middle East & Africa 9.3.5. South America 10. North America Telemedicine Market Analysis and Forecast 10.1. Overview and definitions 10.2. Key segment analysis 10.3. North America Telemedicine Market Estimates (US$ Mn), by Component, 2018 – 2030 10.3.1. Product 10.3.2. Services 10.3.2.1. Tele-consulting 10.3.2.2. Tele-monitoring 10.3.2.3. Tele-education 10.4. North America Telemedicine Market Estimates (US$ Mn), Application, 2018 – 2030 10.4.1. Teleradiology 10.4.2. Telepsychiatry 10.4.3. Telepathology 10.4.4. Teledermatology 10.4.5. Telecardiology 10.4.6. Others 10.5. North America Telemedicine Market Estimates (US$ Mn), Delivery Model, 2018 – 2030 10.5.1. Web-based 10.5.2. Mobile-App based 10.5.3. Call Centers 10.6. North America Telemedicine Market Estimates (US$ Mn), End Use, 2018 – 2030 10.6.1. Providers 10.6.2. Payers 10.6.3. Patients 10.7. North America Telemedicine Market Estimates (US$ Mn), Country, 2018 – 2030 10.7.1. The U.S. 10.7.2. Canada 10.7.3. Rest of North America 11. Europe Telemedicine Market Analysis and Forecast 11.1. Overview and definitions 11.2. Key segment analysis 11.3. Europe Telemedicine Market Estimates (US$ Mn), by Component, 2018 – 2030 11.3.1. Product 11.3.2. Services 11.3.2.1. Tele-consulting 11.3.2.2. Tele-monitoring 11.3.2.3. Tele-education 11.4. Europe Telemedicine Market Estimates (US$ Mn), Application, 2018 – 2030 11.4.1. Teleradiology 11.4.2. Telepsychiatry 11.4.3. Telepathology 11.4.4. Teledermatology 11.4.5. Telecardiology 11.4.6. Others 11.5. Europe Telemedicine Market Estimates (US$ Mn), Delivery Model, 2018 – 2030 11.5.1. Web-based 11.5.2. Mobile-App based 11.5.3. Call Centers 11.6. Europe Telemedicine Market Estimates (US$ Mn), End Use, 2018 – 2030 11.6.1. Providers 11.6.2. Payers 11.6.3. Patients 11.7. Europe Telemedicine Market Estimates (US$ Mn), Country, 2018 – 2030 11.7.1. Germany 11.7.2. United Kingdom 11.7.3. Belgium 11.7.4. Spain 11.7.5. Rest of Europe 12. Asia Pacific Telemedicine Market Analysis and Forecast 12.1. Overview and definitions 12.2. Key segment analysis 12.3. Asia Pacific Telemedicine Market Estimates (US$ Mn), by Component, 2018 – 2030 12.3.1. Product 12.3.2. Services 12.3.2.1. Tele-consulting 12.3.2.2. Tele-monitoring 12.3.2.3. Tele-education 12.4. Asia Pacific Telemedicine Market Estimates (US$ Mn), Application, 2018 – 2030 12.4.1. Teleradiology 12.4.2. Telepsychiatry 12.4.3. Telepathology 12.4.4. Teledermatology 12.4.5. Telecardiology 12.4.6. Others 12.5. Asia Pacific Telemedicine Market Estimates (US$ Mn), Delivery Model, 2018 – 2030 12.5.1. Web-based 12.5.2. Mobile-App based 12.5.3. Call Centers 12.6. Asia Pacific Telemedicine Market Estimates (US$ Mn), End Use, 2018 – 2030 12.6.1. Providers 12.6.2. Payers 12.6.3. Patients 12.7. Asia Pacific Telemedicine Market Estimates (US$ Mn), Country, 2018 – 2030 12.7.1. Japan 12.7.2. India 12.7.3. China 12.7.4. Taiwan 12.7.5. Australia 12.7.6. Rest of Asia Pacific 13. Middle East & Africa Telemedicine Market Analysis and Forecast 13.1. Overview and definitions 13.2. Key segment analysis 13.3. Middle East & Africa Telemedicine Market Estimates (US$ Mn), by Component, 2018 – 2030 13.3.1. Product 13.3.2. Services 13.3.2.1. Tele-consulting 13.3.2.2. Tele-monitoring 13.3.2.3. Tele-education 13.4. Middle East & Africa Telemedicine Market Estimates (US$ Mn), Application, 2018 – 2030 13.4.1. Teleradiology 13.4.2. Telepsychiatry 13.4.3. Telepathology 13.4.4. Teledermatology 13.4.5. Telecardiology 13.4.6. Others 13.5. Middle East & Africa Telemedicine Market Estimates (US$ Mn), Delivery Model, 2018 – 2030 13.5.1. Web-based 13.5.2. Mobile-App based 13.5.3. Call Centers 13.6. Middle East & Africa Telemedicine Market Estimates (US$ Mn), End Use, 2018 – 2030 13.6.1. Providers 13.6.2. Payers 13.6.3. Patients 13.7. Middle East & Africa Telemedicine Market Estimates (US$ Mn), Country, 2018 – 2030 13.7.1. Saudi Arabia 13.7.2. UAE 13.7.3. Rest of Middle East 14. South America Telemedicine Market Analysis and Forecast 14.1. Overview and definitions 14.2. Key segment analysis 14.3. South America Telemedicine Market Estimates (US$ Mn), by Component, 2018 – 2030 14.3.1. Product 14.3.2. Services 14.3.2.1. Tele-consulting 14.3.2.2. Tele-monitoring 14.3.2.3. Tele-education 14.4. South America Telemedicine Market Estimates (US$ Mn), Application, 2018 – 2030 14.4.1. Teleradiology 14.4.2. Telepsychiatry 14.4.3. Telepathology 14.4.4. Teledermatology 14.4.5. Telecardiology 14.4.6. Others 14.5. South America Telemedicine Market Estimates (US$ Mn), Delivery Model, 2018 – 2030 14.5.1. Web-based 14.5.2. Mobile-App based 14.5.3. Call Centers 14.6. South America Telemedicine Market Estimates (US$ Mn), End Use, 2018 – 2030 14.6.1. Providers 14.6.2. Payers 14.6.3. Patients 14.7. South America Telemedicine Market Estimates (US$ Mn), Country, 2018 – 2030 14.7.1. Brazil 14.7.2. Rest of South America 15. Competition Analysis – Telemedicine Market 15.1. Market Composition 15.2. Market Share Analysis (%), by Manufacturer (2019) 15.3. Company Profiles 15.3.1. Koninklijke Philips N.V. 15.3.1.1. Business overview 15.3.1.2. Management 15.3.1.3. Geographic presence 15.3.1.4. Product portfolio 15.3.1.5. Financial facts 15.3.1.6. Channel partners 15.3.1.7. Relevant news and strategic view 15.3.2. Medtronic PLC 15.3.3. Cerner Corporation 15.3.4. AMC Health 15.3.5. Siemens Healthineers 15.3.6. Iron Bow Technologies 15.3.7. Cisco Systems, Inc. 15.3.8. Vsee 15.3.9. Chiron Health 15.3.10. Teladoc Health Inc. 15.3.11. American Well 15.3.12. GE Healthcare 15.3.13. Medvivo Group Ltd 15.3.14. MedWeb 15.3.15. MDLive 15.3.16. Asahi Kasie Corporation 15.3.17. Telespecialists LLC 15.3.18. GlobalMed 15.3.19. IMediplus Inc. 16. Conclusion & Recommendations
