Increased preference for remote consultation has intensified due to the COVID-19 pandemic, which is estimated to be favorably leveraged by the telemedicine and m health convergence. The healthcare IT industry reports are formed by Market Research Future, emphasizing market opportunities for growth. The market is set to achieve a CAGR of 16.8% and reach USD 56,738.3 Mn by 2023.
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Treating patients using a smartphone has become a reality due to the intensive proliferation of smartphones. This is estimated to bolster the emergency telemedicine services in the upcoming period. The massive upgradation of physician practices and healthcare systems is estimated to expand further the telemedicine hardware providers’ stake in the global market.
Telemedicine Market Segmental Analysis
The telemedicine market segments to study the progress of the market in the forecast period are component, deployment, region, application, service type, and end-user. The end-user segment of the telemedicine market is segmented into hospitals, home care, and clinics. The telemedicine market comprises of telepharmacy, teledermatology, telenursing, tele-oncology and teleradiology based on the service type. The deployment-based segmentation of the telemedicine market is divided into cloud-based and on-premises. The telemedicine market is segmented into ophthalmology, cardiology, radiology, dermatology and psychiatry based on the application. The telemedicine market’s regional segments are Asia Pacific, Europe, Africa, the Americas, and the Middle East.
Telemedicine Market Detailed Regional Analysis
The telemedicine market’s regional segment includes Asia Pacific, Europe, Africa, the Americas, and the Middle East to gain a comprehensive idea about market development. The Americas telemedicine market is a major contributor due to a sophisticated telehealth service and growing implementation of healthcare IT in the region. Additionally, the intensifying telehealth service, healthcare overheads, and the bearing of the foremost companies within the region are boosting the telemedicine industry evolution in the US. The European regional market stands second in the global market due to the swelling approval of new novel knowhows in the healthcare sector and growing government backing to tackle the healthcare demands. The Asia Pacific telemedicine market is projected to be the swiftest increasing region due to an enormous patient share and mounting telehealth facility in the region as compared to the earlier years. Additionally, the incidence of constantly evolving economies like Australia, India, China, and the region fuel the telemedicine market progress.
Telemedicine Market Forecasted Business Trends
The market is anticipated to see an improvement in growth cues in the near future. The regained market potential is estimated to aid in the expansion of the global market. The decisive policies being created by government bodies around the world are assessed to play a vital role in the advancement of the market on a global scale. The restructuring of the market’s core operations is predicted to impact the market in the approaching period. The surge in innovative products in the global supply chain is anticipated to open up novel possibilities in the forecast period. The stabilization of output in the market is estimated to be varied. Each manufacturer is estimated to make decisions on a microeconomic level to ensure long-term business growth and continuity in the forecast period. The drastic changes in the global financial intermediation structure due to the COVID-19 pandemic are assessed to change how businesses secure financing in the coming period. The sentiment of hypervigilance in the pandemic’s wake is estimated to direct decisions for operation in the market through the forecast period.
The keynote comprehensive company profiles in the telemedicine market are CardioNet, CareClix, Aerotel Medical Systems, Care Innovations, Medvivo Group Ltd., Allscripts Healthcare Solutions, Medtronic, AMD Global Telemedicine, Inc., Cerner Corporation, Koninklijke Philips N.V., SHL Telemedicine, Cisco, GENERAL ELECTRIC, IBM Corporation, Tunstall Healthcare, Intel Corporation, Iris Telehealth, TeleVital, Cardiocom, Honeywell Lifesciences, Aerotel Medical Systems Ltd., and others.
- Pharmaceutical companies
- Biotechnological institutes
- Government and Private Laboratories
- Research and Development (R&D) Companies
- Medical Research Laboratories
- Market Research and Consulting Service Providers
TABLE OF CONTENT
1 Report Prologue$ 1,350.00
2 Market Introduction$ 0.00
2.1 Introduction 17
2.2 Assumptions & Limitations 17
2.3 Market Structure 17
3 Research Methodology$ 0.00
3.1 Research Process 20
3.2 Primary Research 20
3.3 Secondary Research 20
3.4 Market Size Estimation 21
4 Market Dynamics$ 950.00
4.1 Introduction 23
4.2 Drivers 24
4.3 Restraints 27
5 Market Factor Analysis$ 950.00
5.1 Porter’s Five Forces Analysis 30
5.2 Investment Opportunity Analysis 31
5.3 Value Chain Analysis 32
5.4 Regulatory Framework 34
List of Tables
TABLE 1 GLOBAL TELEMEDICINE MARKET, BY SERVICE TYPE 2014-2023 (USD MILLION) 44
TABLE 2 GLOBAL TELEMEDICINE MARKET, FOR TELE-NURSING 2014-2023 (USD MILLION) 45
TABLE 3 GLOBAL TELEMEDICINE MARKET, FOR TELE-PHARMACY 2014-2023 (USD MILLION) 45
TABLE 4 GLOBAL TELEMEDICINE MARKET, FOR TELE- RADIOLOGY 2014-2023 (USD MILLION) 45
TABLE 5 GLOBAL TELEMEDICINE MARKET, FOR TELE-DERMATOLOGY 2014-2023 (USD MILLION) 46
TABLE 6 GLOBAL TELEMEDICINE MARKET, FOR TELE-ONCOLOGY 2014-2023 (USD MILLION) 46
TABLE 7 GLOBAL TELEMEDICINE MARKET, BY COMPONENT 2014-2023 (USD MILLION) 48
TABLE 8 GLOBAL TELEMEDICINE MARKET, FOR SOFTWARE 2014-2023 (USD MILLION) 49
TABLE 9 GLOBAL TELEMEDICINE MARKET, FOR HARDWARE 2014-2023 (USD MILLION) 49
TABLE 10 GLOBAL TELEMEDICINE MARKET, BY DEPLOYMENT 2014-2023 (USD MILLION) 51
List of Table Continued…
List of Figure
FIGURE 1 RESEARCH PROCESS 20
FIGURE 2 PORTER’S FIVE FORCES ANALYSIS: GLOBAL TELEMEDICINE MARKET 30
FIGURE 3 VALUE CHAIN ANALYSIS: TELEMEDICINE MARKET 32
FIGURE 4 GLOBAL TELEMEDICINE MARKET, BY SERVICE TYPE 2016 & 2023 (USD MILLION) 44
FIGURE 5 GLOBAL TELEMEDICINE MARKET, BY COMPONENT 2016 & 2023 (USD MILLION) 48
FIGURE 6 GLOBAL TELEMEDICINE MARKET, BY DEPLOYMENT 2016 & 2023 (USD MILLION) 51
FIGURE 7 GLOBAL TELEMEDICINE MARKET, BY APPLICATION 2016 & 2023 (USD MILLION) 54
FIGURE 8 GLOBAL TELEMEDICINE MARKET, BY END USER 2016 & 2023 (USD MILLION) 58
FIGURE 9 GLOBAL TELEMEDICINE MARKET: BY REGION 2016 & 2023 USD MILLION 61
FIGURE 10 AMERICAS TELEMEDICINE MARKET: BY REGION 2016 & 2023 USD MILLION 6
List of Figure Continued…
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