The global telemedicine market size is expected to reach $30.12 billion by 2026 growing at a CAGR of 18.7% during 2019 to 2026.
Telemedicine technology is a game changer for the healthcare industry, as it brings healthcare directly into patient's doorstep. Telemedicine makes use of electronic technologies, such as email, smartphones, and video conferencing, for exchanging the medical information of the patient.
Increasing prevalence of chronic diseases, growing Medicare reimbursement for telehealth services and technological innovation in communication technology are some of the major factors fuelling market growth. However, Lack of Interoperability Between eHealth Solutions are hampering the market.
Amongst Service, tele-monitoring is expected to grow at the significant market share during the forecast period. This can be attributed to the increasing geriatric and disabled populations who are commonly diagnosed with diabetes and cardiovascular complications.
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The report analyzes and forecasts the telemedicine market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from 2019 to 2026. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report comprises a detailed value chain analysis, which provides a comprehensive view of the global telemedicine market. The Porter’s Five Forces model has also been included to help understand the competitive landscape of the market. The study encompasses market attractiveness analysis, wherein various applications have been benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the telemedicine market by segmenting it in terms of form and application. The segment has been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides size (in terms of volume and value) of telemedicine market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
The global market for telemedicine is developing at a rapid rate with a participation of a large number of local as well as international players operating in it. The development of new products and the rising focus on the research and development activities are projected to support the growth of the global telemedicine market in the next few years. In addition to this, the market players are emphasizing on advertising and marketing and creating an awareness among people concerning the benefits of telemedicine, which is estimated to accelerate the growth of the market in the next few years. The key players operating in the telemedicine market across the globe are Siemens Healthcare, Allscripts Healthcare Solutions, Inc., Agfa HealthCare NV, AMD Global Telemedicine, Inc., CISCO Systems, Inc., CARDIOCOM, LLC, F. Hoffmann-La Roche Ltd., InTouch Technologies, Inc., Honeywell HomMed LLC, LifeWatch AG, Medtronic, Inc., and McKesson Corp.
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The global telemedicine market is segmented as follows:
Telemedicine Market, by Specialty
- Emergency Care
- Internal Medicine
Telemedicine Market, by Service Type
Telemedicine Market, by Geography
- North America
- Asia Pacific
- Rest of the World (RoW)
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are:
- To analyze and study the global telemedicine capacity, production, value, consumption, status (2014-2018) and forecast (2019-2026);
- Focuses on the key telemedicine manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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Table of Content
Section 1 Introduction
1.1 Report Description
1.1 Research Methodology
1.2 Market Segmentation
Section 2 Executive Summary
2.1 Market Snapshot: Global Telemedicine Market
2.2 Global Telemedicine Market, by Specialty, 2018 (USD Million)
2.3 Global Telemedicine Market, by Service Type, 2018 (USD Million)
2.4 Comparative Analysis: Global Telemedicine Market, by Geography, 2018 & 2026 (Value %)
Section 3 Market Overview
3.2 Market Dynamics
3.2.1 Market Drivers
184.108.40.206 Cost & time efficiency seen as the major factor for increased favor among both rural and urban healthcare institutions
220.127.116.11 Increasing demand for personal healthcare and privacy key in promoting usage of telemedicine
18.104.22.168 Growth of techno savvy individuals shifts public preference from traditional medicine to telemedicine
22.214.171.124 Increased government spending and reimbursement policies to boost telemedicine preference.
3.2.2 Market Restraints
126.96.36.199 Dearth of dedicated medical staff exclusive for telemedicine
188.8.131.52 Delayed response time exhibited by some forms of telemedicine hampering overall industry image
184.108.40.206 Inadequate/Incomplete assessment being reported by some patients and medical practitioners
3.2.3 Market Opportunities
220.127.116.11 Proliferation of mobile telecommunication technology to boost coverage of patient pool in rural markets worldwide
18.104.22.168 Advanced imaging and telemedicine technology to boost patient assessment and thereby the global market
3.3 Porters Five Forces Analysis: Global Telemedicine Market
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitutes
3.3.5 Competitive Rivalry
3.4 Market Attractiveness Analysis of the Global Telemedicine Market, by Geography
3.5 Heat Map Analysis for Telemedicine Market, by Key Market Players and Regional presence
3.5.1 Heat Map Analysis for Global Telemedicine Market, by Key Market Players and Regional Presence
Section 4 Global Telemedicine Market, by Specialty
4.1.1 Global Telemedicine Market Revenue, by Specialty, 2016-2026 (USD Million)
4.2.1 Global Telemedicine Market Revenue in Cardiology, 2016-2026 (USD Million)
4.3.1 Global Telemedicine Market Revenue in Dermatology, 2016-2026 (USD Million)
4.4.1 Global Telemedicine Market Revenue in Neurology, 2016-2026 (USD Million)
4.5.1 Global Telemedicine Market Revenue in Gynecology, 2016-2026 (USD Million)
4.6.1 Global Telemedicine Market Revenue in Orthopedics, 2016-2026 (USD Million)
4.7 Emergency care
4.7.1 Global Telemedicine Market Revenue in Emergency Care, 2016-2026 (USD Million)
4.8 Internal Medicine
4.8.1 Global Telemedicine Market Revenue in Internal Medicine, 2016-2026 (USD Million)
4.9.1 Global Telemedicine Market Revenue in Others, 2016-2026 (USD Million)
Section 5 Global Telemedicine Market, by Service Type
5.1.1 Global Telemedicine Market Revenue, by Service Type, 2016-2026 (USD Million)
5.2.1 Global Tele-Consultation Market Revenue, 2016-2026 (USD Million)
5.3.1 Global Tele-Monitoring Market Revenue, 2016-2026 (USD Million)
5.4.1 Global Tele-Education Market Revenue, 2016-2026 (USD Million)
5.5.1 Global Tele-Training Market Revenue, 2016-2026 (USD Million)
5.6.1 Global Tele-Care Market Revenue, 2016-2026 (USD Million)
5.7.1 Global Tele-Surgery Market Revenue, 2016-2026 (USD Million)
Section 6 Global Telemedicine Market, by Geography
6.1.1 Global Telemedicine Market, by Geography, 2016 – 2026 (USD Million)
6.2 North America
6.2.1 North America Telemedicine Market Revenue, by Specialty, 2016 – 2026 (USD Million)
6.2.2 North America Telemedicine Market Revenue, by Service Type, 2016 – 2026 (USD Million)
6.2.3 North America Telemedicine Market Revenue, 2016 - 2026 (USD Million)
6.3.1 Europe Telemedicine Market Revenue, by Specialty, 2016 – 2026 (USD Million)
6.3.2 Europe Telemedicine Market Revenue, by Service Type, 2016 – 2026 (USD Million)
6.3.3 Europe Telemedicine Market Revenue, 2016 - 2026 (USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific Telemedicine Market Revenue, by Specialty, 2016 – 2026 (USD Million)
6.4.2 Asia Pacific Telemedicine Market Revenue, by Service Type, 2016 – 2026 (USD Million)
6.4.3 Asia Pacific Telemedicine Market Revenue, 2016 - 2026 (USD Million)
6.5 Rest of the World
6.5.1 RoW Telemedicine Market Revenue, by Specialty, 2016 – 2026 (USD Million)
6.5.2 RoW Telemedicine Market Revenue, by Service Type, 2016 – 2026 (USD Million)
6.5.3 RoW Telemedicine Market Revenue, 2016 - 2026 (USD Million)
Section 7 Recommendations
7.1 Success Strategies (Key Focus Areas)
Section 8 Company Profiles
8.1 Aerotel Medical Systems Ltd.
8.1.1 Company Overview
8.1.2 Financial Overview
8.1.3 Product Portfolio
8.1.4 Business Strategies
8.1.5 Recent Developments
8.2 Allscripts Healthcare Solutions, Inc.
8.2.1 Company Overview
8.2.2 Financial Overview
8.2.3 Product and Service Portfolio
8.2.4 Business Strategies
8.2.5 Recent Developments
8.3 AMD Global Telemedicine, Inc.
8.3.1 Company Profile
8.3.2 Financial Overview
8.3.3 Product Portfolio
8.3.4 Business Strategies
8.3.5 Recent Developments
8.4 CARDIOCOM, LLC
8.4.1 Company Overview
8.4.2 Financial Overview
8.4.3 Product Portfolio and Services
8.4.4 Business Strategies
8.4.5 Recent Developments
8.5 Cisco Systems, Inc.
8.5.1 Company Overview
8.5.2 Financial Overview
8.5.3 Product and Service Portfolio
8.5.4 Business Strategies
8.5.5 Recent Developments
8.6 F. Hoffmann-La Roche Ltd.
8.6.1 Company Overview
8.6.2 Financial Overview
8.6.3 Product Portfolio
8.6.4 Business Strategies
8.6.5 Recent Developments
8.7 Honeywell HomMed LLC
8.7.1 Company Overview
8.7.2 Financial Overview
8.7.3 Product and Service Portfolio
8.7.4 Business Strategies
8.7.5 Recent Developments
8.8 InTouch Technologies, Inc.
8.8.1 Company Overview
8.8.2 Financial Overview
8.8.3 Product and Service Portfolio
8.8.4 Business Strategies
8.8.5 Recent Developments
8.9 LifeWatch AG
8.9.1 Company Overview
8.9.2 Financial Overview
8.9.3 Product Portfolio
8.9.4 Business Strategies
8.9.5 Recent Developments
8.10 McKesson Corporation
8.10.1 Company Overview
8.10.2 Financial Overview
8.10.3 Product and Service Portfolio
8.10.4 Business Strategies
8.10.5 Recent Developments
8.11 OBS Medical Ltd.
8.11.1 Company Overview
8.11.2 Financial Overview
8.11.3 Product Portfolio
8.11.4 Business Strategies
8.11.5 Recent Developments
8.12 Philips Healthcare
8.12.1 Company Overview
8.12.2 Financial Overview
8.12.3 Product and Service Portfolio
8.12.4 Business Strategies
8.12.5 Recent Developments
8.13 Polycom, Inc.
8.13.1 Company Overview
8.13.2 Financial Overview
8.13.3 Product Portfolio
8.13.4 Business Strategies
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