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Global Telemedicine Markat Outlook 2021

Global Telemedicine Markat Outlook 2021

On the back of global factors like ageing world population, target to expand the reach of healthcare services in rural and most remote areas, attending emergency medical incidents, governments’ initiatives to cut down on medical expenses etc. have allowed the global telemedicine market to expand at an astonishing CAGR of 14.77.

The expansion in the global telemedicine would open new great opportunities for technology providers and healthcare service providers allowing them to cater patients at a distance. At 18.21%, global tele-home segment is projected to grow at a higher CAGR when compared to global tele-clinic & hospitals by 2021. The major reasons for this healthy growth can be attributed to the technology connectivity initiatives taken by the governments and a rise in number of tech savvy people across the globe. Another major reason for up-surged demand of telemedicine can be attributed to the nature of diseases. For instance, in backward areas, skin related diseases are the biggest problem at present. Not only that, the jumping back nature of skin diseases even after having a proper treatment is making the situation even more worse. As a result, tele-dermatology is estimated to have the largest market share at 19% in 2015, globally.

Speaking on a global level, the North America has the highest market size followed by Asia-Pacific and Europe, currently. Owing to factors like affordable care act, ICD-10 implementation, reimbursement and incentive plans for physicians, the U.S. is anticipated to exhibit a CAGR of 15.58% from 2015-2021. This growth rate will push the tele-medicine market in North America in coming years. After North-America, Asia-Pacific is the region that is expected to have the second largest share by 2021. As a result, the focus of technology providers can be seen shifting from Europe to Asia. GE, Philips, Honeywell etc. are some of the global telemedicine technology providers at present.


Governments’ Initiative across the World to drive Global Telemedicine Market Growth in Future”: says ERC

The Global Telemedicine market is expected to experience a healthy growth rate in coming years. Driven by several telemedicine favorable initiatives taken by countries, especially in the U.S., the global telemedicine market is projected to grow at an average year-on-year growth rate of 14.5% from 2015 to 2021. At present, the North America constitutes the highest share in global telemedicine and is expected to lead in next five years i.e. 2015-2021. On the back of various programs implemented by the U.S. government and various policies being updated would boost the use of telemedicine across the country. The report titled, “Global Telemedicine Market 2021”, projects the global Telemedicine market will reach USD 40.9 Billion during the forecasted period of 2015-2021 according to our research report.

The report further identifies the growth in North America (U.S. & Canada), Asia-Pacific, Europe and Rest of the World (ROW) and initiatives taken by countries. An expansion in the old people bracket and a huge gap in supply and demand base of physicians globally would fuel the demand of telemedicine in near future. In addition to that, making healthcare affordable for all segments of the society at a lower cost would further enable the telemedicine adoption to up in near future.

The report titled “Global Telemedicine Market 2020” provides detailed analysis on the Global Telemedicine Market in terms of telehospitals/teleclinic and telehome. To provide a detailed analysis of telemedicine market, the report also covered telemedicine market by application viz. Tele-radiology, Tele-dermatology, Tele-gynecology, Tele-neurology, Tele-cardiology, Tele-Psychiatry and Tele-pathology. Further, the report also analyzes the opportunities and developments of the Global telemedicine market in various regions viz. North America, Europe, Asia-Pacific and Rest of the World (ROW).

To provide the in-depth analysis, the management information research report also encompasses the growth drivers, restraints, Porter’s Five Force Model, Market Attractiveness, Base Point Scale Analysis (BPS) and government initiatives.

With a view to understand the competitive landscape, the research report includes profiles of major Telemedicine players but not limited to AMD Global Telemedicine, Inc., Philips Healthcare, GE Healthcare, Aerotel Medical Systems, Allscripts Healthcare Solutions Inc., Honeywell Life Care Solutions, McKesson Corporation etc. The profile encloses business overview, key financial, product offering and recent developments. Overall, the report provides detailed overview on the Global Telemedicine Market that will help industry consultants, equipment manufacturers, service providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

“Increasing use of Various Applications to drive Global Telemedicine Market”: says ERC

Global Telemedicine Market is growing immensely due to its growing application; Tele-cardiology, Tele-radiology, Tele- dermatology, Tele-gynecology etc. At 19%, Tele-dermatology had the highest share in the global applications market in 2015 and is expected to lead in next five years followed by Tele-cardiology. The report titled, “Global Telemedicine Market 2021”, projects the global Telemedicine market to grow at a CAGR of 14.77% during the forecasted period of 2015-2021 according to our research report.

In recent years there has been a spiked growth in the lifestyle diseases across the world. And, with that growth, the gap between physicians’ supply and demand has also widened. Thus, adoption for applications like Tele-nursing, Tele-emergency, Tele-neurology, Tele-psychiatry can be seen moving up in past few years. In addition to that, the report titled “Global Telemedicine Market 2021” provides detailed overview on the Global Telemedicine Market in terms of telehospitals/teleclinic and telehome.

Further, the report also studies the North America, Europe, Asia-Pacific and Rest of the World (ROW) for Telemedicine acceptance level, its viability, opportunities and initiatives taken under government and public-private partnership (PPP) model.

To provide the in-depth analysis, the research report also encompasses the growth drivers, restraints, Porter’s Five Force Model, Market Attractiveness, Base Point Scale (BPS) Analysis and various government initiatives.

With a view to understand the competitive landscape, the research report includes profiles of major Telemedicine players but not limited to AMD Global Telemedicine, Inc., Philips Healthcare, GE Healthcare, Aerotel Medical Systems, Allscripts Healthcare Solutions Inc., Honeywell Life Care Solutions etc. The profile encloses business overview, key financial, product offering and recent developments. Overall, the report provides detailed overview on the Global Telemedicine Market that will help industry consultants, equipment manufacturers, service/technology providers, existing players looking for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

1. List of Figures
2. List of Tables
3. Executive Summary
4. Research Methodology
5. Telemedicine-Overview
5.1 Introduction
6. Global Telemedicine Industry Overview
7. Global Telemedicine Market Size by Region
7.1 North America Telemedicine Market Size
7.1.1 U.S. Telemedicine Market Size
7.1.2 Canada Telemedicine Market Size
7.2 Europe Telemedicine Market Size
7.3 Asia-Pacific Telemedicine Market Size
7.3.1 India Telemedicine Market Size
7.4 Rest of the World (ROW)
8. Global Telemedicine Market Segmentation by Users
8.1 By Tele clinics/hospitals
8.2 By Tele Home
9. Global Telemedicine Market by Applications
9.1 Tele-Radiology
9.2 Tele-dermatology
9.3 Tele-gynaecology
9.4 Tele-Neurology
9.5 Tele-Cardiology
9.6 Tele-Psychiatry
9.7 Tele-Pathology
10. Global Telemedicine Market Dynamic
10.1 Drivers
10.2 Restraints
11. Porter’s Five Force Model Analysis
12. Global Telemedicine Government Initiatives by Region
12.1 North America
12.1.1 USA
12.1.2 Canada
12.2 Africa
12.2.1 Ghana
12.2.2 Kenya
12.2.3 Botswana
12.2.4 Nigeria
12.2.5 Zimbabwe
12.3 ASIA
12.4 Europe
12.4.1 UK
12.4.2 Germany
12.5 Middle East
12.5.1 UAE
13. Risk Analysis
13.1 Supply Risk - Low
13.2 Demand Risk - Medium
14. Market Attractiveness
15. Basis Point Scale analysis (BPS)
16. Competitive Landscape
16.1 AMD Global Telemedicine INC
16.1.1 Business Overview
16.1.2 Product & Services
16.1.3 Financials
16.1.4 Recent News & Developments
16.2 Philips Healthcare
16.2.1 Business Overview
16.2.2 Product & Services
16.2.3 Financials
16.2.4 Recent News & Developments
16.3 GE Healthcare
16.3.1 Business Overview
16.3.2 Product & Services
16.3.3 Financials
16.3.4 Recent News & Developments
16.4 Aerotel Medical Systems
16.4.1 Business Overview
16.4.2 Products and services
16.4.3 Recent News & Developments
16.5 Allscripts Healthcare Solutions Inc.
16.5.1 Business Overview
16.5.2 Products & Services
16.5.3 Financials
16.5.4 Recent News & Developments
16.6 Honeywell Life Care Solutions
16.6.1 Business Overview
16.6.2 Product & Services
16.6.3 Financials
16.6.4 Recent News & Developments
16.7 McKesson Corporation
16.7.1 Business Overview
16.7.2 Product & Services
16.7.3 Financials
16.7.4 Recent News & Developments
16.8 Cerner Corporation
16.8.1 Business Overview
16.8.2 Products & Services
16.8.3 Financials
16.8.4 Recent News & Developments
List of Figures
Figure 6-1: Global Telemedicine Market Size (USD Billion) & Y-O-Y Growth, 2015-2021
Figure 6- 2: World population over 60 (in Millions)
Figure 6- 3: Share of population age 65 and over, 2014
Figure 6- 4: Percentage Share of population age 65 and over 2020
Figure 7- 1: Global - Telemedicine Market Segmentation by Geographies (%), 2014
Figure 7- 2: Global - Telemedicine Market Segmentation by Geographies (%), 2020
Figure 7- 3: North America- Telemedicine Market (Billion USUSD), 2015-2021
Figure 7- 4: US – Telemedicine Market (Billion USD), 2015-2021
Figure 7- 5: Acceptability to adopt Telemedicine in the U.S., 2015
Figure 7- 6: Best Remote Diagnostic Medium for Patients, 2015
Figure 7- 7: Online Visit should Cost to In-Person Visit, Consumers, 2015
Figure 7- 8: Canada-Telemedicine Market (Billion USD), 2015-2021
Figure 7- 9: Europe Telemedicine Market Share, By Country, 2014
Figure 7- 10: Europe-Telemedicine Market (Billion USD), 2015-2021
Figure 7- 11: Asia-Pacific Telemedicine Market (Billion USD), 2015-2021
Figure 7- 12: India-Telemedicine Market (Billion USD), 2015-2021
Figure 7- 13: ROW-Telemedicine Market (Billion USD), 2015-2021
Figure 8- 1: Global - Telemedicine Market Segmentation by Users (%), 2014
Figure 8- 2: Global – Telemedicine Market Segmentation by Users (%), 2021
Figure 8- 3: Global Telemedicine Market Size (USD Billion) By Tele Clinics/Hospitals
Figure 8- 4: Global Telemedicine Market Size (USD Billion) By Tele-home, 2015-2021
Figure 9- 1: Global- Telemedicine Market Share by Applications (%), 2014
Figure 9- 2: Global- Telemedicine Market Revenue (USD Billion) Share by Applications, 2015
Figure 11- 1: Porter`s Five Force Model Analysis
Figure 14- 1: Global Market Attractiveness
Figure 15- 1: Base Point Scale Analysis. 2015-2021
Figure 16- 1: Philips Healthcare - Breakup of Revenue by Business Segments (%), 2014
Figure 16- 2: GE healthcare sub segment revenue 2014
Figure 16- 3: GE healthcare geographical revenue 2014
Figure 16- 4: Cerner Corporation – Breakup of Revenue by Solutions & Services (%), 2014
Figure 16- 5: Cerner Corporation – Breakup of Revenue by Segment (%), 2014
List of Tables
Table 16- 1: Philips healthcare - Revenue (Euro Million), 2012, 2013 & 2014
Table 16- 2: Philips healthcare - Research and Development expenses (Euro Million), 2012, 2013 & 2014
Table 16- 3: GE healthcare revenue (USD Millions) 2012, 2013 & 2014
Table 16- 4: Allscripts Healthcare Solutions, Inc. - Revenue (USD Billion), 2012, 2013 & 2014
Table 16- 5: Allscripts Healthcare Solutions, Inc - Revenue by Solutions & Services (Billion USD), 2013 & 2014
Table 16- 6: Allscripts Healthcare Solutions, Inc - Revenue by Segment (USD Billion ), 2013 & 2014
Table 16- 7: McKesson Revenue (Millions USD), 2013, 2014 & 2015
Table 16- 8: McKesson revenue by segment (Billion USD) 2013, 2014 &2015
Table 16- 9: Mckesson revenue by Sub- Segment (Billion USD) 2013, 2014 & 2015
Table 16- 10: Cerner Corporation - Revenue (Billion USD), 2013 &2014
Table 16- 11: Cerner Corporation - Revenue by Product & Services (Billion USD), 2013 & 2014
Table 16- 12: Cerner Corporation - Revenue by Segment (Billion USD), 2013 & 2014

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