Telemedicine Market Highlights
Market Research Future (MRFR) studied the global telemedicine market 2020 through the study period till 2023. As per MRFR analysis, the telemedicine market can expand at 16.8% CAGR across the assessment period. By 2023, the telemedicine market value about USD 56,738.3 Mn. COVID 19 analysis for the telemedicine market is supplemented with the report.
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The increase the utility of digital solutions across the expanding healthcare sector, such as Electronic Health Record (EHR)/ Electronic Medical Record (EMR) among others can favor the telemedicine market in the review period. Digital revolution across the globe is identified to contribute largely to the telemedicine upsurge. In the pandemic, social distancing is observed trigger the demand for telemedicine solutions that can favor its market across the review period. The expansion in healthcare services portfolio across the world can improve the telemedicine market impetus. On the contrary, high cost associated with the implementation of telemedicine systems and stringent government regulations can restraint the expansion of the market across the study period.
Telemedicine Market Segmentation
The segment analysis of the global telemedicine market is done across component, service type, application, end user, and deployment.
The service type-based segments of the telemedicine market are telepharmacy, telenursing, teledermatology, teleradiology, and teleoncology among others. The telepharmacy segment can boom across the analysis period states MRFR analysis.
The component-based segments of the telemedicine market are software and hardware. The sub-segments of the software segment are standalone software and integrated software. The sub-segments of the hardware segment are medical peripheral devices and monitors.
The deployment-based segments of the telemedicine market are on premises and cloud based. The increase in application of cloud based telemedicine solution can support the expansion of the market.
The application-based segments of the telemedicine market are ophthalmology, cardiology, radiology, dermatology, and psychiatry among others.
The end user-based segments of the telemedicine market are clinics, hospitals, and home care. The home care segment can rise at the highest CAGR by 2023.
Telemedicine Market Regional Analysis
The Americas region, the telemedicine market expansion can be attributed to factors, such as; the rapid advancements across the healthcare sector. The expansion of the healthcare IT can drive the regional market across the review period. Rise in healthcare expenditure and the establishment of reputed players with favorable backgrounds can support the expansion of the telemedicine in the Americas. In Europe, the telemedicine market can rise as the adoption of modern medical technologies backed by government support can support the expansion of the telemedicine market in the near future. The growing medical burden in the region is creating the demand for contactless medical assistance that can fuels the regional market through the analysis period. The UK can thrive in Europe telemedicine market. In Asia Pacific, the telemedicine market is estimated to rise with the fastest growth pace. The presence of a large patient base and rise in demand for telemedicine in social distancing culture can promote the market in the region. The penetration of telemedicine in India, Australia can support the market rise. In Middle East and Africa, the telemedicine market can surge at decent pace as the need for healthcare services is observed to surge.
Government and Private Laboratories
Research and Development (R&D) Companies
Medical Research Laboratories
Market Research and Consulting Service Providers
Telemedicine Market Studied in Top Key Players
AMD Global Telemedicine, Inc., CareClix, CardioNet, Cerner Corporation, GENERAL ELECTRIC, Cisco, IBM Corporation, Iris Telehealth, Intel Corporation, Koninklijke Philips N.V., TeleVital, Aerotel Medical Systems, Medtronic, SHL Telemedicine, Allscripts Healthcare Solutions, Honeywell Lifesciences, Cardiocom, Tunstall Healthcare, Medvivo Group Ltd., Care Innovations, and Aerotel Medical Systems Ltd., among others are some reputed names that are operating in the telemedicine market that are profiled by MRFR.
TABLE OF CONTENTS
1 REPORT PROLOGUE
2 MARKET INTRODUCTION
2.2 Assumptions & Limitations
2.3 Market Structure
3 RESEARCH METHODOLOGY
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4 Market Dynamics
5 Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.2 Investment Opportunity Analysis
5.3 Value Chain Analysis
5.4 Regulatory Framework
6 GLOBAL TELEMEDICINE MARKET, BY SERVICE TYPE
7 GLOBAL TELEMEDICINE MARKET, BY COMPONENT
8 GLOBAL TELEMEDICINE MARKET, BY DEPLOYMENT
8.2 Cloud Based
8.3 On Premises
9 GLOBAL TELEMEDICINE MARKET, BY APPLICATION$ 1,650.00
10 GLOBAL TELEMEDICINE MARKET, BY END USER
10.4 Home Care
11 GLOBAL TELEMEDICINE MARKET: BY REGION
LIST OF TABLES
TABLE 1 GLOBAL TELEMEDICINE MARKET, BY SERVICE TYPE 2014-2023 (USD MILLION)
TABLE 2 GLOBAL TELEMEDICINE MARKET, FOR TELE-NURSING 2014-2023 (USD MILLION)
TABLE 3 GLOBAL TELEMEDICINE MARKET, FOR TELE-PHARMACY 2014-2023 (USD MILLION)
TABLE 4 GLOBAL TELEMEDICINE MARKET, FOR TELE- RADIOLOGY 2014-2023 (USD MILLION)
TABLE 5 GLOBAL TELEMEDICINE MARKET, FOR TELE-DERMATOLOGY 2014-2023 (USD MILLION)
TABLE 6 GLOBAL TELEMEDICINE MARKET, FOR TELE-ONCOLOGY 2014-2023 (USD MILLION)
TABLE 7 GLOBAL TELEMEDICINE MARKET, BY COMPONENT 2014-2023 (USD MILLION)
TABLE 8 GLOBAL TELEMEDICINE MARKET, FOR SOFTWARE 2014-2023 (USD MILLION)
TABLE 9 GLOBAL TELEMEDICINE MARKET, FOR HARDWARE 2014-2023 (USD MILLION)
TABLE 10 GLOBAL TELEMEDICINE MARKET, BY DEPLOYMENT 2014-2023
LIST OF FIGURES
FIGURE 1 RESEARCH PROCESS
FIGURE 2 PORTER’S FIVE FORCES ANALYSIS: GLOBAL TELEMEDICINE MARKET
FIGURE 3 VALUE CHAIN ANALYSIS: TELEMEDICINE MARKET
FIGURE 4 GLOBAL TELEMEDICINE MARKET, BY SERVICE TYPE 2016 & 2023 (USD MILLION)
FIGURE 5 GLOBAL TELEMEDICINE MARKET, BY COMPONENT 2016 & 2023 (USD MILLION)
FIGURE 6 GLOBAL TELEMEDICINE MARKET, BY DEPLOYMENT 2016 & 2023 (USD MILLION) FIGURE 7 GLOBAL TELEMEDICINE MARKET, BY APPLICATION 2016 & 2023 (USD MILLION)
FIGURE 8 GLOBAL TELEMEDICINE MARKET, BY END USER 2016 & 2023 (USD MILLION)
FIGURE 9 GLOBAL TELEMEDICINE MARKET: BY REGION 2016 & 2023 USD MILLION
FIGURE 10 AMERICAS TELEMEDICINE MARKET: BY REGION 2016 & 2023 USD MILLION
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