Global Telemedicine Market was valued at USD 22.39 billion in 2019 and it is expected to reach USD 78.80 billion by 2017, growing at a CAGR 17. 73% from 2019 to 2030.
Telemedicine is defined as the diagnosis or treatment of patients by means of telecommunication technology. Telemedicine have various benefits such as better management of chronic diseases, reduced travel time, reduce the cost of health care, increases efficiency, and shorter hospital stays. Telemedicine is a game-changer for healthcare industry it brings healthcare system directly into the patients door. Telemedicine is based on various technologies such as email, smartphones, and video conferencing.
Advancements in information and communication technology is the major driving factor for the telemedicine market which is expected to boost the telemedicine market, growth in near future. Furthermore, rise in geriatric population will increase the demand for telemedicine in this forecast period. Nowadays, telemedicine rapidly transforming healthcare industry, and in the next few years it may become the most accepted, and used method of diagnosis and treatment. Increase in research and development activities such as remote patient monitoring is expected to boost the growth of global telemedicine market
High initial capital requirements, and lack of physician support are the major restraining factors which is expected to hinder the growth of global telemedicine market growth. Also, Legal and reimbursement issues expected to hamper the global telecommunication market growth.
Global telemedicine market is segmented on the basis of Product Types such as Telehospitals, Telehomes, and Mobile Health, by Component such as Hardware, Software, and Others, by Services such as Telepathology, Telecardiology, Teleradiology, Teledermatology, Telepsychiatry, and Others. Further, global telemedicine market is segmented into Delivery Mode On-Premise Delivery, and Cloud – Based Delivery.
Also, global telemedicine market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed into the global telemedicine market including McKesson Corporation, Philips Healthcare, GE Healthcare Ltd., Cerner Corporation, IBM, Honeywell Life Care Solutions, AMD Global Telemedicine, Inc., Cisco Systems, Medtronic PLC., and InTouch Technologies Inc.
1.1. Market Taxonomy
3.1. Forecast Factor
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Challenges
3.2.3. Trends
5.1. Y-o-Y Growth Comparison, By Product Type
5.2. Global Telemedicine Market Share Analysis, By Product Type
5.3. Global Telemedicine Market Size and Forecast, By Product Type
5.3.1 Telehospitals
5.3.2 Telehomes
5.3.3 Mobile Health
6.1. Y-o-Y Growth Comparison, By Component
6.2. Global Telemedicine Market Share Analysis, By Component
6.3. Global Telemedicine Market Size and Forecast, By Component
6.3.1 Hardware
6.3.2 Software
6.3.3 Others
7.1. Y-o-Y Growth Comparison, By Services
7.2. Global Telemedicine Market Share Analysis, By Services
7.3. Global Telemedicine Market Size and Forecast, By Services
7.3.1 Telepathology
7.3.2 Telecardiology
7.3.3 Teleradiology
7.3.4 Teledermatology
7.3.5 Telepsychiatry
7.3.6 Others
8.1. Y-o-Y Growth Comparison, By Delivery Mode
8.2. Global Telemedicine Market Share Analysis, By Delivery Mode
8.3. Global Telemedicine Market Size and Forecast, By Delivery Mode
8.3.1 On-Premise Delivery
8.3.2 Cloud-Based Delivery
9.1. Y-o-Y Growth Comparison, By Region
9.2. Global Telemedicine Market Share Analysis, By Region
10.1 Introduction
10.2 North America Telemedicine Market Analysis, By Product Type
10.3 North America Telemedicine Market Analysis, By Component
10.4 North America Telemedicine Market Analysis, By Services
10.5 North America Telemedicine Market Analysis, By Delivery Mode
10.6 North America Telemedicine Market Analysis, By Country
10.6.1 USA
10.6.2 Canada
10.6.3 Mexico
11.1 Introduction
11.2 Europe Telemedicine Market Analysis, By Product Type
11.3 Europe Telemedicine Market Analysis, By Components
11.4 Europe Telemedicine Market Analysis, By Services
11.5 Europe Telemedicine Market Analysis, By Delivery Mode
11.6 Europe Telemedicine Market Analysis, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12.1 Introduction
12.2 Asia Pacific Telemedicine Market Analysis, By Product Type
12.3 Asia Pacific Telemedicine Market Analysis, By Component
12.4 Asia Pacific Telemedicine Market Analysis, By Services
12.5 Asia Pacific Telemedicine Market Analysis, By Delivery Mode
12.6 Asia Pacific Telemedicine Market Analysis, By Country
12.6.1 China
12.6.2 India
12.6.3 Japan
12.6.4 Rest of Asia Pacific
13.1 Introduction
13.2 Latin America Telemedicine Market Analysis, By Product Type
13.3 Latin America Telemedicine Market Analysis, By Component
13.4 Latin America Telemedicine Market Analysis, By Services
13.5 Latin America Telemedicine Market Analysis, By Delivery Mode
14.1 Introduction
14.2 Middle East & Africa Telemedicine Market Analysis, By Product Type
14.3 Middle East & Africa Telemedicine Market Analysis, By Component
14.4 Middle East & Africa Telemedicine Market Analysis, By Services
14.5 Middle East & Africa Telemedicine Market Analysis, By Delivery Mode
15.1 Competition Dashboard
15.2 Market Share Analysis of Top Vendors
15.3 Key Development Strategies
16.1 McKesson Corporation
16.1.1 Overview
16.1.2 Product Type Offerings
16.1.3 Key Financial
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Philips Healthcare
16.3 GE Healthcare Ltd
16.4 Cerner Corporation
16.5 IBM
16.6 Honeywell Life Care Solutions
16.7 AMD Global Telemedicine, Inc
16.8 Cisco Systems
16.9 Medtronic PLC
16.10 InTouch Technologies Inc.
