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Telemedicine Market

Global Telemedicine Market Share, Size, Analysis, Forecast: By Type: Product, Services; By Mode of Delivery: On-premises Delivery, Cloud-based Delivery; By Applications: Teleradiology, Telepsychiatry, Telepathology, Tele dermatology, Tele Nursing, Others; By Facility; By End User; Regional Analysis; Supplier Landscape; 2024-2032

Global Telemedicine Market Outlook

The global telemedicine market size attained a value of USD 87.21 billion in 2023. The market is estimated to grow at a CAGR of 19.3% during the forecast period of 2024-2032 to reach a value of USD 426.90 billion by 2032. The growth can be attributed to the increased technological advancement and increased adoption of teleconsultation in healthcare.

 

Telemedicine Market: Introduction and Insights

Telemedicine is the delivery of distant clinical services through real-time two-way contact between the patient and the healthcare professional via electronic audio and visual methods. Telemedicine is classified into three types, which include:

 

  • Interactive medicine enables patients and clinicians to communicate in real time while adhering to HIPAA regulations.
  • Store and forward enables clinicians to communicate patient information with another practitioner in another location.
  • Remote patient monitoring enables remote caregivers to monitor patients who live at home by collecting their data using mobile medical equipment (for example- blood sugar or blood pressure).

 

Benefits of Telemedicine Market

Telemedicine offers multiple benefits to providers and the users. These benefits are discussed below:

 

To the Providers:

  • Telemedicine is being used by healthcare organisations, physician practices, and skilled nursing institutions to deliver more efficient care.
  • Electronic medical records, AI diagnostics, and medical streaming devices that are coupled with telemedicine software can help providers diagnose and treat patients more effectively.
  • It also enables providers to monitor patients in real time and modify treatment programmes as needed. Increased revenue can also help providers.
  • Using telemedicine, physicians can see more patients without having to recruit more personnel or expand their office space.

 

To the Users:

  • With video consultations, patients can avoid spending money on gas or wasting time stuck in traffic.
  • No missed work: Individuals can book consultations during work breaks or even after hours.
  • Childcare/Eldercare Issues: Those who are having difficulty finding care options can turn to telemedicine solutions.

 

Telemedicine Market Segmentations:

According to the global telemedicine market research report, the market can be categorised into segments like type, mode of delivery, applications, facility, end user, and major regions.

 

Market Breakup by Type

  • Product
    • Hardware
    • Software
    • Others
  • Services
    • Tele-Consulting
    • Tele-Monitoring

 

Market Breakup by Mode of Delivery

  • On-premises Delivery
  • Cloud-based Delivery

 

Market Breakup by Applications

  • Teleradiology
  • Telepsychiatry
  • Telepathology
  • Tele dermatology
  • Tele Nursing
  • Tele Pharmacy
  • Tele Stroke
  • Others

 

Market Breakup by Facility

  • Tele-Hospitals
  • Tele-Home

 

Market Breakup by End User

  • Healthcare Providers
  • Patients
  • Healthcare Payers
  • Others

 

Telemedicine Market Breakup by Region

  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others

 

Telemedicine Market Scenario

The adoption of digital technologies and teleconsultations has become a useful technique for treating health issues globally. Teleconsultations are less expensive and reduce the workload on healthcare workers. This is the key reason why government organisations are emphasising more on installing digital health technologies, further aiding the growth of the market.

 

Furthermore, as social alienation has become the new normal, the demand for teleconsultations and digital health services has soared. Every year, the prevalence of neurological illnesses rises at an alarming rate. According to World Federation of Neurology research, over 14% of the United States population has some sort of noncommunicable neurological disease, which is expected to quadruple by 2050.

 

Among the regional markets, Latin American telemedicine market is expected to grow at a rapid pace during the forecast period. Although the region's total healthcare infrastructure is still at a nascent stage, there is an enormous opportunity for growth in telehealth solutions. Within Latin America, Chile and Uruguay are the two regions which are set to become the leading providers of telemedicine technologies in the world. Colombia, on the other hand, is already soaring high in terms of telehealth solutions and held more than nine million telemedicine visits in the first six months of 2020.

 

Telemedicine Market Competitive Landscape

The report gives an in-depth analysis of the key players involved in the global telemedicine market, sponsors manufacturing the therapies, and putting them through trials to get FDA approvals. The companies included in the market are as follows:

 

  • MDlive, Inc
  • American Well Corporation
  • Twilio Inc
  • Teladoc Health, Inc.
  • Doctor On Demand, Inc.
  • SOC Telemed, Inc.
  • Plantronics, Inc.
  • Practo
  • Sesame, Inc.
  • Doxy.me Inc.
  • Koninklijke Philips
  • GE Healthcare
  • Siemens Healthineers AG
  • Medtronic plc

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Mode of Delivery
  • Applications
  • Facility
  • End User
  • Region
Breakup by Type
  • Product
  • Services
Breakup by Mode of Delivery
  • On-premises Delivery
  • Cloud-based Delivery
Breakup by Applications
  • Teleradiology
  • Telepsychiatry
  • Telepathology
  • Tele dermatology
  • Tele Nursing
  • Tele Pharmacy
  • Tele Stroke
  • Others
Breakup by Facility
  • Tele-Hospitals
  • Tele-Home
Breakup by End User
  • Healthcare Providers
  • Patients
  • Healthcare Payers
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • MDlive, Inc
  • American Well Corporation
  • Twilio Inc
  • Teladoc Health, Inc.
  • Doctor On Demand, Inc.
  • SOC Telemed, Inc.
  • Plantronics, Inc.
  • Practo
  • Sesame, Inc.
  • Doxy.me Inc.
  • Koninklijke Philips
  • GE Healthcare
  • Siemens Healthineers AG
  • Medtronic plc

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions
    1.3    Report Coverage – Key Segmentation and Scope
    1.4    Research Methodology
2    Executive Summary
3    Global Telemedicine Market Overview

    3.1    Global Telemedicine Market Historical Value (2017-2023)
    3.2    Global Telemedicine Market Forecast Value (2024-2032)
4    Global Telemedicine Market Landscape
    4.1    Global Telemedicine Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Global Telemedicine Product Landscape
        4.2.1    Analysis by Product and Services
        4.2.2    Analysis by Mode of Delivery
        4.2.3    Analysis by Applications
        4.2.4    Analysis by End Users
5    Global Telemedicine Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model 
    5.4    Key Demand Indicators
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends 
    5.7    Value Chain Analysis
6    Global Telemedicine Market Segmentation 
    6.1    Global Telemedicine Market by Type
        6.1.1    Market Overview
        6.1.2    Product
            6.1.2.1    Hardware
            6.1.2.2    Software
            6.1.2.3    Others
        6.1.3    Services
            6.1.3.1    Tele-Consulting
            6.1.3.2    Tele-Monitoring
    6.2    Global Telemedicine Market by Mode of Delivery
        6.2.1    Market Overview
        6.2.2    On-premises Delivery
        6.2.3    Cloud-based Delivery
    6.3    Global Telemedicine Market by Applications
        6.3.1    Market Overview
        6.3.2    Teleradiology
        6.3.3    Telepsychiatry
        6.3.4    Telepathology
        6.3.5    Tele dermatology
        6.3.6    Tele Nursing 
        6.3.7    Tele Pharmacy
        6.3.8    Tele Stroke
        6.3.9    Others
    6.4    Global Telemedicine Market by Facility
        6.4.1    Market Overview
        6.4.2    Tele-Hospitals
        6.4.3    Tele-Home
    6.5    Global Telemedicine Market by End User
        6.5.1    Market Overview
        6.5.2    Healthcare Providers
        6.5.3    Patients
        6.5.4    Healthcare Payers
        6.5.5    Others
    6.6    Global Telemedicine Market by Region
        6.6.1    Market Overview
        6.6.2    North America 
        6.6.3    Europe
        6.6.4    Asia Pacific
        6.6.5    Latin America
        6.6.6    Middle East and Africa
7    North America Telemedicine Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Telemedicine Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Telemedicine Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Telemedicine Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Telemedicine Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Patent Analysis
    12.1    Analysis by Type of Patent
    12.2    Analysis by Publication year
    12.3    Analysis by Issuing Authority
    12.4    Analysis by Patent Age
    12.5    Analysis by CPC Analysis
    12.6    Analysis by Patent Valuation 
    12.7    Analysis by Key Players
13    Grants Analysis
    13.1    Analysis by year
    13.2    Analysis by Amount Awarded
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Grant Application
    13.5    Analysis by Funding Institute
    13.6    Analysis by NIH Departments
    13.7    Analysis by Recipient Organization 
14    Funding Analysis
    14.1    Analysis by Funding Instances
    14.2    Analysis by Type of Funding
    14.3    Analysis by Funding Amount
    14.4    Analysis by Leading Players
    14.5    Analysis by Leading Investors
    14.6    Analysis by Geography
15    Partnership and Collaborations Analysis
    15.1    Analysis by Partnership Instances
    15.2    Analysis by Type of Partnership
    15.3    Analysis by Leading Players
    15.4    Analysis by Geography
16    Regulatory Framework
    16.1    Regulatory Overview
        16.1.1    US FDA
        16.1.2    EU EMA
        16.1.3    INDIA CDSCO
        16.1.4    JAPAN PMDA
        16.1.5    Others
17    Supplier Landscape
    17.1    MDlive, Inc
        17.1.1    Financial Analysis
        17.1.2    Product Portfolio
        17.1.3    Demographic Reach and Achievements
        17.1.4    Mergers and Acquisitions
        17.1.5    Certifications
    17.2    American Well Corporation
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisitions
        17.2.5    Certifications
    17.3    Twilio Inc
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisitions
        17.3.5    Certifications
    17.4    Teladoc Health, Inc.
        17.4.1    Financial Analysis
        17.4.2    Product Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisitions
        17.4.5    Certifications
    17.5    Doctor On Demand, Inc.
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisitions
        17.5.5    Certifications
    17.6    SOC Telemed, Inc.
        17.6.1    Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisitions
        17.6.5    Certifications
    17.7    Plantronics, Inc.
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisitions
        17.7.5    Certifications
    17.8    Practo
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisitions
        17.8.5    Certifications
    17.9    Sesame, Inc.
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisitions
        17.9.5    Certifications
    17.10    Doxy.me Inc.
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisitions
        17.10.5    Certifications
    17.11    Koninklijke Philips
        17.11.1    Financial Analysis
        17.11.2    Product Portfolio
        17.11.3    Demographic Reach and Achievements
        17.11.4    Mergers and Acquisitions
        17.11.5    Certifications
    17.12    GE Healthcare
        17.12.1    Financial Analysis
        17.12.2    Product Portfolio
        17.12.3    Demographic Reach and Achievements
        17.12.4    Mergers and Acquisitions
        17.12.5    Certifications
    17.13    Siemens Healthineers AG
        17.13.1    Financial Analysis
        17.13.2    Product Portfolio
        17.13.3    Demographic Reach and Achievements
        17.13.4    Mergers and Acquisitions
        17.13.5    Certifications
    17.14    Medtronic plc
        17.14.1    Financial Analysis
        17.14.2    Product Portfolio
        17.14.3    Demographic Reach and Achievements
        17.14.4    Mergers and Acquisitions
        17.14.5    Certifications
18    Global Telemedicine Market - Distribution Model (Additional Insight)
    18.1    Overview
    18.2    Potential Distributors
    18.3    Key Parameters for Distribution Partner Assessment
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)

    20.1    Very Small Companies
    20.2    Small Companies
    20.3    Mid-Sized Companies
    20.4    Large Companies
    20.5    Very Large Companies
21    Payment Methods (Additional Insight)
    21.1    Government Funded
    21.2    Private Insurance
    21.3    Out-of-Pocket

 

*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

The market size reached a value of USD 87.21 billion in 2023.

The market is expected to grow at a CAGR of 19.3% during the forecast period of 2024-2032 to reach a value of about USD 426.90 billion by 2032.

Advanced technological innovation and increased acceptance of teleconsultation in healthcare are the major drivers that are aiding the market growth.

The regions involved in this market are North America, Latin America, Asia Pacific, Europe, and Latin America.

Depending on the ailment and type of patient, digital engagement and follow-up can significantly improve treatment outcomes and quality of life.

The product types can be categorised into hardware and software, among others. Services can be further classified into tele-consulting and tele-monitoring.

The modes of delivery can be categorized into on-premises delivery and cloud-based delivery.

Telemedicine finds wide applications in teleradiology, telepsychiatry, telepathology, tele dermatology, tele nursing, tele pharmacy, and tele stroke, among others.

The facilities included in the market are tele-hospitals and tele-home.

The end-users in the market include healthcare providers, patients, and healthcare payers, among others.

The key companies involved in the global market are MDlive, Inc, American Well Corporation, Twilio Inc, Teladoc Health, Inc., Doctor On Demand, Inc., SOC Telemed, Inc., Plantronics, Inc., Practo, Sesame, Inc., Doxy.me Inc., Koninklijke Philips, GE Healthcare, Siemens Healthineers AG, and Medtronic plc.

Analyst Review

The global telemedicine market attained a value of USD 87.21 billion in 2023, driven by the rising demand for cost-effective and user-friendly healthcare services. Aided by the increasing technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 19.3%. The market is projected to reach USD 426.90 billion by 2032.

 

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By service, the market is segmented into tele nursing, tele pharmacy, tele radiology, tele dermatology, tele psychiatry, telepathology, tele consultation, and tele oncology. On the basis of deployment modes, the market is divided into cloud based and on-premises. By end-use sectors, the market is categorised into hospital, clinics, and home care, among others. The major regional markets for telemedicine are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include AMD Global Telemedicine, Inc., BioTelemetry, Inc., CareClix, Cerner Corporation, Cisco, GENERAL ELECTRIC, IBM Corporation, Intel Corporation, TeleVital, and SHL Telemedicine.

 

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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