
Telemedicine Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030
Description
Telemedicine Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030
The report on the global telemedicine market provides qualitative and quantitative analysis for the period from 2021-2030. The global telemedicine market was valued at USD 90.44 billion in 2022 and is expected to reach USD 392.44 billion in 2030, with a CAGR of 17.35% during the forecast period 2023-2030. The study on telemedicine market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.
Telemedicine is a subset of telehealth that includes both remote clinical service delivery and nonclinical elements of the healthcare system. Telemedicine is the remote delivery of healthcare services such as health assessment or consultation over the telecommunication infrastructure. It allows healthcare service providers to examine, diagnose, and treat patients almost anytime, day or night without the need for an in-person visit. Telemedicine lets healthcare providers examine, diagnose, and treat patients using technology like phones, computers, or other devices. Telemedicine is a burgeoning technology and has high growth potential. Telemedicine offers several benefits such as it lets healthcare providers diagnose common viruses like colds, infections, rashes, allergies, mental health problems like anxiety or depression, and routine follow-up visits for surgery or illness. In addition, telemedicine allows the sharing of health data through digital devices such as phone apps, wearable devices, and other medical devices. Also, this technology helps to send X-rays, ultrasound photos, or images and improves access to the specialist.
The high prevalence of chronic diseases and rising geriatric population are the driving factors fueling the growth of the telemedicine market. The telemedicine market is experiencing robust growth, primarily driven by the increasing prevalence of chronic diseases and a rising geriatric population. Chronic diseases, such as diabetes, heart disease, and hypertension, require continuous monitoring and management, making telemedicine a convenient and cost-effective solution for patients and healthcare providers. Moreover, the expanding elderly demographic, who often have complex healthcare needs, benefits from remote consultations and monitoring, reducing the burden on in-person healthcare services. These factors have accelerated the adoption of telemedicine, improving patient access to care and providing more efficient healthcare delivery, ultimately propelling the market's expansion. The increasing healthcare expenditure is a significant driver for the demand in the telemedicine market. As healthcare costs rise, both patients and healthcare providers seek cost-effective alternatives. Telemedicine offers efficient healthcare delivery, reduces overhead expenses, and minimizes the financial burden on patients, making it an attractive solution in the context of rising healthcare costs. However, inadequate healthcare infrastructure in some economies is the factor inhibiting the growth of the telemedicine market. However, the ongoing progression in telehealth technology, including artificial intelligence, machine learning, the Internet of Things, and secure video conferencing, presents substantial prospects for hospitals and healthcare institutions to embrace telemedicine. These technological advancements create a promising opportunity for the telemedicine market to grow and evolve in the future.
North America is expected to hold a significant share of the global telemedicine market. Telemedicine is a rapidly growing component of healthcare in the United States due to the growing burden of chronic diseases and the high adoption of advanced healthcare technologies. The adoption of telemedicine has improved care management, patients’ quality of life, and reduced healthcare spending. Furthermore, the rising demand for mobile technologies, rising home care adoptions by patients, increased healthcare expenditure, and reduction in hospital visits are expected to propel the market’s growth over the forecast period. Moreover, the increasing healthcare spending by the North American government is anticipated to drive the adoption of telemedicine, thereby propelling market growth. Additionally, Asia Pacific is witnessing the fastest growth in the global telemedicine market due to increasing healthcare access demands, expanding digital infrastructure, and a rising awareness of remote healthcare solutions. These factors are driving adoption and investment, positioning the region as a key player in telemedicine expansion.
Report Findings
1) Drivers
The high prevalence of chronic diseases and rising geriatric population are the driving factors fueling the growth of the telemedicine market.
The increasing healthcare expenditure is a significant driver for the demand in the telemedicine market.
2) Restraints
Inadequate healthcare infrastructure in some economies is the factor inhibiting the growth of the telemedicine market.
3) Opportunities
Technological advancements such as ai, machine learning and others create a significant opportunity for the telemedicine market to grow. And evolve in the future.
Research Methodology
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from the industry
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
Segment Covered
The global telemedicine market is segmented on the basis of type, clinical service, technology, and mode of delivery.
The Global Telemedicine Market by Type
Live Video Conferencing
Store and forward or Asynchronous Video
Remote Patient Monitoring
Mobile Health or mHealth
The Global Telemedicine Market by Clinical Service
Teleradiology
Telecardiology
Teleconsultation
Teledermatology
Telesurgery
Telepathology
Telepsychiatry
The Global Telemedicine Market by Technology
Software
Hardware
Telecom
The Global Telemedicine Market by Mode of Delivery
Cloud-based Delivery
On premise Delivery
Company Profiles
The companies covered in the report include
Allscripts/Veradigm
AMD Global Telemedicine
Life Care Solutions (acquired by Clear Arch Health)
Medtronic
SHL Telemedicine
Aerotel Medical Systems (1998) Ltd.
Plantronics, Inc.
Teladoc Health, Inc
HealthTap, Inc.
Twilio Inc.
What does this Report Deliver?
1. Comprehensive analysis of the global as well as regional markets of the telemedicine market.
2. Complete coverage of all the segments in the telemedicine market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global telemedicine market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Table of Contents
300 Pages
- Chapter 1. Preface
- 1.1. Report Description
- 1.2. Research Methods
- 1.3. Research Approaches
- Chapter 2. Executive Summary
- 2.1. Telemedicine Market Highlights
- 2.2. Telemedicine Market Projection
- 2.3. Telemedicine Market Regional Highlights
- Chapter 3. Global Telemedicine Market Overview
- 3.1. Introduction
- 3.2. Market Dynamics
- 3.2.1. Drivers
- 3.2.2. Restraints
- 3.2.3. Opportunities
- 3.3. Porter's Five Forces Analysis
- 3.4. IGR-Growth Matrix Analysis
- 3.4.1. IGR-Growth Matrix Analysis by Type
- 3.4.2. IGR-Growth Matrix Analysis by Clinical Service
- 3.4.3. IGR-Growth Matrix Analysis by Technology
- 3.4.4. IGR-Growth Matrix Analysis by Mode Of Delivery
- 3.4.5. IGR-Growth Matrix Analysis by Region
- 3.5. Value Chain Analysis of Telemedicine Market
- Chapter 4. Telemedicine Market Macro Indicator Analysis
- Chapter 5. Company Profiles and Competitive Landscape
- 5.1. Competitive Landscape in the Global Telemedicine Market
- 5.2. Companies Profiles
- 5.2.1. Allscripts/Veradigm
- 5.2.2. AMD Global Telemedicine
- 5.2.3. Life Care Solutions (acquired by Clear Arch Health)
- 5.2.4. Medtronic
- 5.2.5. SHL Telemedicine
- 5.2.6. Aerotel Medical Systems (1998) Ltd.
- 5.2.7. Plantronics, Inc.
- 5.2.8. Teladoc Health, Inc
- 5.2.9. HealthTap, Inc.
- 5.2.10. Twilio Inc.
- Chapter 6. Global Telemedicine Market by Type
- 6.1. Live Video Conferencing
- 6.2. Store and forward or Asynchronous Video
- 6.3. Remote Patient Monitoring
- 6.4. Mobile Health or mHealth
- Chapter 7. Global Telemedicine Market by Clinical Service
- 7.1. Teleradiology
- 7.2. Telecardiology
- 7.3. Teleconsultation
- 7.4. Teledermatology
- 7.5. Telesurgery
- 7.6. Telepathology
- 7.7. Telepsychiatry
- Chapter 8. Global Telemedicine Market by Technology
- 8.1. Software
- 8.2. Hardware
- 8.3. Telecom
- Chapter 9. Global Telemedicine Market by Mode Of Delivery
- 9.1. Cloud-based Delivery
- 9.2. On premise Delivery
- Chapter 10. Global Telemedicine Market by Region 2023-2030
- 10.1. North America
- 10.1.1. North America Telemedicine Market by Type
- 10.1.2. North America Telemedicine Market by Clinical Service
- 10.1.3. North America Telemedicine Market by Technology
- 10.1.4. North America Telemedicine Market by Mode Of Delivery
- 10.1.5. North America Telemedicine Market by Country
- 10.1.5.1. The U.S. Telemedicine Market
- 10.1.5.1.1. The U.S. Telemedicine Market by Type
- 10.1.5.1.2. The U.S. Telemedicine Market by Clinical Service
- 10.1.5.1.3. The U.S. Telemedicine Market by Technology
- 10.1.5.1.4. The U.S. Telemedicine Market by Mode Of Delivery
- 10.1.5.2. Canada Telemedicine Market
- 10.1.5.2.1. Canada Telemedicine Market by Type
- 10.1.5.2.2. Canada Telemedicine Market by Clinical Service
- 10.1.5.2.3. Canada Telemedicine Market by Technology
- 10.1.5.2.4. Canada Telemedicine Market by Mode Of Delivery
- 10.1.5.3. Mexico Telemedicine Market
- 10.1.5.3.1. Mexico Telemedicine Market by Type
- 10.1.5.3.2. Mexico Telemedicine Market by Clinical Service
- 10.1.5.3.3. Mexico Telemedicine Market by Technology
- 10.1.5.3.4. Mexico Telemedicine Market by Mode Of Delivery
- 10.2. Europe
- 10.2.1. Europe Telemedicine Market by Type
- 10.2.2. Europe Telemedicine Market by Clinical Service
- 10.2.3. Europe Telemedicine Market by Technology
- 10.2.4. Europe Telemedicine Market by Mode Of Delivery
- 10.2.5. Europe Telemedicine Market by Country
- 10.2.5.1. Germany Telemedicine Market
- 10.2.5.1.1. Germany Telemedicine Market by Type
- 10.2.5.1.2. Germany Telemedicine Market by Clinical Service
- 10.2.5.1.3. Germany Telemedicine Market by Technology
- 10.2.5.1.4. Germany Telemedicine Market by Mode Of Delivery
- 10.2.5.2. United Kingdom Telemedicine Market
- 10.2.5.2.1. United Kingdom Telemedicine Market by Type
- 10.2.5.2.2. United Kingdom Telemedicine Market by Clinical Service
- 10.2.5.2.3. United Kingdom Telemedicine Market by Technology
- 10.2.5.2.4. United Kingdom Telemedicine Market by Mode Of Delivery
- 10.2.5.3. France Telemedicine Market
- 10.2.5.3.1. France Telemedicine Market by Type
- 10.2.5.3.2. France Telemedicine Market by Clinical Service
- 10.2.5.3.3. France Telemedicine Market by Technology
- 10.2.5.3.4. France Telemedicine Market by Mode Of Delivery
- 10.2.5.4. Italy Telemedicine Market
- 10.2.5.4.1. Italy Telemedicine Market by Type
- 10.2.5.4.2. Italy Telemedicine Market by Clinical Service
- 10.2.5.4.3. Italy Telemedicine Market by Technology
- 10.2.5.4.4. Italy Telemedicine Market by Mode Of Delivery
- 10.2.5.5. Rest of Europe Telemedicine Market
- 10.2.5.5.1. Rest of Europe Telemedicine Market by Type
- 10.2.5.5.2. Rest of Europe Telemedicine Market by Clinical Service
- 10.2.5.5.3. Rest of Europe Telemedicine Market by Technology
- 10.2.5.5.4. Rest of Europe Telemedicine Market by Mode Of Delivery
- 10.3. Asia Pacific
- 10.3.1. Asia Pacific Telemedicine Market by Type
- 10.3.2. Asia Pacific Telemedicine Market by Clinical Service
- 10.3.3. Asia Pacific Telemedicine Market by Technology
- 10.3.4. Asia Pacific Telemedicine Market by Mode Of Delivery
- 10.3.5. Asia Pacific Telemedicine Market by Country
- 10.3.5.1. China Telemedicine Market
- 10.3.5.1.1. China Telemedicine Market by Type
- 10.3.5.1.2. China Telemedicine Market by Clinical Service
- 10.3.5.1.3. China Telemedicine Market by Technology
- 10.3.5.1.4. China Telemedicine Market by Mode Of Delivery
- 10.3.5.2. Japan Telemedicine Market
- 10.3.5.2.1. Japan Telemedicine Market by Type
- 10.3.5.2.2. Japan Telemedicine Market by Clinical Service
- 10.3.5.2.3. Japan Telemedicine Market by Technology
- 10.3.5.2.4. Japan Telemedicine Market by Mode Of Delivery
- 10.3.5.3. India Telemedicine Market
- 10.3.5.3.1. India Telemedicine Market by Type
- 10.3.5.3.2. India Telemedicine Market by Clinical Service
- 10.3.5.3.3. India Telemedicine Market by Technology
- 10.3.5.3.4. India Telemedicine Market by Mode Of Delivery
- 10.3.5.4. South Korea Telemedicine Market
- 10.3.5.4.1. South Korea Telemedicine Market by Type
- 10.3.5.4.2. South Korea Telemedicine Market by Clinical Service
- 10.3.5.4.3. South Korea Telemedicine Market by Technology
- 10.3.5.4.4. South Korea Telemedicine Market by Mode Of Delivery
- 10.3.5.5. Australia Telemedicine Market
- 10.3.5.5.1. Australia Telemedicine Market by Type
- 10.3.5.5.2. Australia Telemedicine Market by Clinical Service
- 10.3.5.5.3. Australia Telemedicine Market by Technology
- 10.3.5.5.4. Australia Telemedicine Market by Mode Of Delivery
- 10.3.5.6. Rest of Asia-Pacific Telemedicine Market
- 10.3.5.6.1. Rest of Asia-Pacific Telemedicine Market by Type
- 10.3.5.6.2. Rest of Asia-Pacific Telemedicine Market by Clinical Service
- 10.3.5.6.3. Rest of Asia-Pacific Telemedicine Market by Technology
- 10.3.5.6.4. Rest of Asia-Pacific Telemedicine Market by Mode Of Delivery
- 10.4. RoW
- 10.4.1. RoW Telemedicine Market by Type
- 10.4.2. RoW Telemedicine Market by Clinical Service
- 10.4.3. RoW Telemedicine Market by Technology
- 10.4.4. RoW Telemedicine Market by Mode Of Delivery
- 10.4.5. RoW Telemedicine Market by Sub-region
- 10.4.5.1. Latin America Telemedicine Market
- 10.4.5.1.1. Latin America Telemedicine Market by Type
- 10.4.5.1.2. Latin America Telemedicine Market by Clinical Service
- 10.4.5.1.3. Latin America Telemedicine Market by Technology
- 10.4.5.1.4. Latin America Telemedicine Market by Mode Of Delivery
- 10.4.5.2. Middle East Telemedicine Market
- 10.4.5.2.1. Middle East Telemedicine Market by Type
- 10.4.5.2.2. Middle East Telemedicine Market by Clinical Service
- 10.4.5.2.3. Middle East Telemedicine Market by Technology
- 10.4.5.2.4. Middle East Telemedicine Market by Mode Of Delivery
- 10.4.5.3. Africa Telemedicine Market
- 10.4.5.3.1. Africa Telemedicine Market by Type
- 10.4.5.3.2. Africa Telemedicine Market by Clinical Service
- 10.4.5.3.3. Africa Telemedicine Market by Technology
- 10.4.5.3.4. Africa Telemedicine Market by Mode Of Delivery
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