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Global Telemedicine Market

Dec. 1, 2019

Global Telemedicine Market, By Services (Teleradiology, Telepsychiatry, Telepathology, Tele Dermatology, Telecardiology, Telesurgery, Others ), By Deployment Mode (Cloud-Based and On-Premise), By End User (Providers, Payers, Patients, and Others), By Region (North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa) - Global Forecast, 2020-2025.

Report Code :FMR355      
Industry : Healthcare IT
Pages :210 Pages
Format :   PPT Format   PDF Format

The global telemedicine market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020, and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of 16.70% during the forecast period (2020-2025). Sudden incidence of coronavirus is expected to boost the demand for global telemedicine systems. As telemedicine enable healthcare service providers to provide improved care delivery and clinical management solution to the patients while maintaining the social distance and lower the risk of transmitting COVID-19 infection.

Table 1. Global Telemedicine Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Services)

Teleradiology, Telepsychiatry, Telepathology, Tele Dermatology, Telecardiology, Telesurgery, Others

Market Segmentation (By Deployment Mode)

Cloud-Based and On-Premise

Market Segmentation (By End User)

Providers, Payers, Patients, and Others

Regions Covered

North America, Latin America, Europe, Asia-Pacific, Middle East and Africa

Key Players Coverage

Philips Healthcare, Honeywell HomMed, Teladoc, Plantronics Inc., McKesson Corporation, Doctor on Demand, Inc., Siemens Healthcare Private Limited, Aerotel Medical Systems Ltd, AMD Global Telemedicine, Inc, Cardionet Inc. among others.

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

Market Dynamics

The global rising health awareness and increase in the number of diseases burden is expected to drive the telemedicine market. Telemedicine possess opportunity in reducing variation in diagnosis and improving clinical management. For example, “biotricity” and its introduction of bioflux solution helps in remote cardiac monitoring. Additionally, the need for improving quality of care is expected to propel the demand for telemedicine market during the forecast period. Rising internet usage as a necessity is, in turn, expected to boost the demand for telemedicine. As internet adaptability is increasing newly des,igned apps providing remote access to health monitoring are becoming popular. For instance, the internet users due to availability of affordable internet, and e-commerce delivery in countries such as India have increased significantly, leading to the market growth. However, lack of healthcare infrastructure may hamper the global telemedicine market.

Figure 1. PORTER’S Analysis

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

North America is expected to dominate the telemedicine market followed by Europe. This growth is due to the U.S. being the epicenter of research and innovations, rising standard of living, and high purchasing power coupled with highest number of obese people compared to other countries is expected to foster the demand for telemedicine in this region. Europe is expected to drive the market growth, as many hospitals are utilizing telemedicine services to maintain and monitor diabetes, radiology, and cardiology of old age population.

Asia-Pacific telemedicine market is expected to grow at the highest CAGR during the forecast period. Especially, the new product innovations in the countries like China and Japan are expected to boost the telemedicine market growth during the forecast period.

Densely populated countries focusing on online consultations are in turn expected to increase the market demand for telemedicine. Similarly, Middle East & Africa are expected to significantly contribute to the telemedicine market.

Figure 2. Regional Analysis

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

Competitve Landscape

Key players in global telemedicine market include: Philips Healthcare, Honeywell HomMed, Teladoc, Plantronics Inc, McKesson Corporation, Doctor on Demand, Inc., Siemens Healthcare Private Limited, Aerotel Medical Systems Ltd, AMD Global Telemedicine, Inc, Cardionet Inc. and among others.

Players are mostly prioritizing on product launches in telemedicine market. For instance, in April 2017, Philips Healthcare released enterprise telemedicine software for intensive care units. Moreover, demand services, such as e--delivery of medicine is expected to foster the market size. For instance, the use of new apps such as “Practo” helps to find doctors and may also provide online consultations, and further medicine delivery through the prescription.

Figure 3. Market Share of Key Players, 2019

 

Note: Above figure shown for illustrative purpose only, the actual data may vary and will be incorporated in the report.

By  Services

  • Teleradiology
  • Telepsychiatry
  • Telepathology
  • Tele dermatology
  • Telecardiology
  • Telesurgery
  • Others

By Deployment Mode

  • Cloud-Based
  • On-Premise

By End User

  • Providers
  • Payers
  • Patients
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
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Note: This report provides an in-depth analysis of the global telemedicine market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the global telemedicine market?
  • Who are the top players contributing to the growth of the global telemedicine market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the telemedicine market?
  • What are the major outcomes derived from Porter’s five forces?
  • What key factors are expected to increase the demand for the telemedicine market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global telemedicine market?
  • What is the total market value (US$ Mn) generated in the global telemedicine market by services in 2019 and what are the forecasts by 2025?
  • Which deployment mode is expected to dominate the telemedicine market in the coming years?
  • Which end-user contributes the highest CAGR (%) in the telemedicine market?
  • What was the total revenue generated by the global telemedicine market across different regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • What new products are going to be approved or launched in the coming years which may have a huge impact on the market?
  • What insights are derived through the analysis of key players on the following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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