Healthcare

Telemedicine Market Size to Reach over USD 225 Billion by 2030 with CAGR of 15.6%

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According to Report, the global telemedicine market size is expected to reach over USD 225 billion by 2030 from at USD 52.8 billion in 2020, poised to grow at a CAGR of 15.6% from 2021 to 2030.

The global telemedicine market growth is driven by the increasing investments on the development of IT infrastructure, development of strong telecommunication channels, rising penetration of internet, increasing adoption of smartphones, and growing popularity of the digital technology.

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Report Highlights

  • North America was the dominant telemedicine market in 2020. The improved healthcare infrastructure, strong IT and telecommunications sector, and increased awareness among the population regarding the telehealth is the major factor that boosted the growth of the market. Moreover, increases prevalence of diseases and growing geriatric population in the nation like US is significantly contributing towards the development of the telemedicine market.
  • Asia Pacific is expected to be the fastest-growing market during the forecast period. This can be attributed to the rising adoption of digital technologies in the healthcare sector, rapidly developing telecommunications and IT infrastructure in the region. Moreover, rapidly growing adoption of internet ad smartphones is positively impacting the market growth in this region.
  • Based on the type, the tele-home segment is expected to be the fastest-growing segment during the forecast period. The rising awareness regarding the hospital acquired infections among the population may restrict the patient to opt for hospital. Moreover, many old-age patients require at-home treatment and continuous monitoring that is expected to foster the growth of the overall market.
  • Based on component, the products segment dominated the market in 2020.The product segment includes software and hardware. The hardware consists of wide variety of devices such as keyboards, monitors, communication lines, and various other devices. The extensive use of wide variety of costly hardware devices have significantly contributed towards the growth of this segment. Moreover, increasing investments on the acquisition of advanced hardware in the hospitals for improving the patient care services is positively impacting the segment growth.
  • Based on application, the telecardiology segment is expected to be the fastest-growing segment during the forecast period. This can be attributed to the rising prevalence of cardiovascular diseases among the population. Moreover, the telemedicine technology can offer continuous patient monitoring feature that may drive the demand for this segment in the upcoming years.
  • Based on the technology, the store & forward segment dominated the market in 2020. The store and forward technology stores the medical history of the patients and can provide useful information to the doctors at the time of treatment that can offer improve patient care. This feature solely drives the demand for this technology owing to the increasing needs for the regular monitoring of the patients’ health.

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OBJECTIVES OF THE STUDY

  • To analyze and forecast the Telemedicine market, in terms of value and volume
  • To provide information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, segment, and project the size of the global Telemedicine market on the product type, end-use and other segments
  • To project the size of the market, with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East & Africa, and South America, with their key countries
  • To strategically analyze micromarkets with respect to individual growth trends, growth prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape of the market leaders
  • To strategically profile key players and comprehensively analyze their core competencies
  • To track and analyze research & development (R&D) and competitive developments such as joint ventures, mergers & acquisitions, and new product developments in the Telemedicine market

Research Methodology

  • Market estimate for 2021
  • Average selling price (ASP) per region for specific product type
  • Filtrations and assortment of gathered data, to estimate the base year (2021) market size for the country
  • Gathering data from company websites, annual reports, white papers, financial reports, broker reports, investor presentations, and SEC filings
  • National government documents, statistical databases
  • News articles, press releases, and webcasts specific to companies operating in the market
  • Country wise analysis through internal and external proprietary databases, and relevant patent and regulatory databases
  • Determination of market penetration by country

Major Players Covered in this Report

The updated market research report on Telemedicine market allows the buyers and manufacturers to stay updated with the current market trends, ongoing happenings, and a clear picture on the market scenario. List of key players included in the research report will help the market vendors to know their market position and plan more operational strategies to gain topmost position among other players. The report offers crucial company information on each market player, such as company profile, financial information, and recently adopted growth strategies. This will help other existing players and the new entrants to plan strategies and establish their presence in the market.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

  • Company Overview
  • Company Market Share/Positioning Analysis
  • Product Offerings
  • Financial Performance
  • Recent Initiatives
  • Key Strategies Adopted by Players
  • Vendor Landscape
  • List of Suppliers
  • List of Buyers
The major players in the telemedicine market are Koninklijke Philips N.V., Medtronic, GE Healthcare, Cerner Corporation, Siemens Healthineers, Cisco Systems, Inc., Teladoc Health Inc., American Well, AMC Health, MDLive.

Segments Covered in the Report

By Type

  • Tele-hospital
  • Tele-Home

By Component

  • Product
    • Hardware
    • Software
    • Others
  • Services
    • Tele-consulting
    • Tele-monitoring
    • Tele-education

By Application

  • Telepathology
  • Teleradiology
  • Teledermatology
  • Telepsychiatry
  • Telecardiology
  • Others

By Technology

  • Store & Forward
  • Real-Time
  • Others

By Delivery Mode

  • Web/Mobile
    • Telephonic
    • Visualized
  • Call Centers

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Telemedicine Market 

5.1. COVID-19 Landscape: Telemedicine Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Telemedicine Market, By Type

8.1. Telemedicine Market, by Type, 2021-2030

8.1.1. Tele-hospital

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Tele-Home

8.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Telemedicine Market, By Application Type

9.1. Telemedicine Market, by Application Type, 2021-2030

9.1.1. Telepathology

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Teleradiology

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Teledermatology

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Telepsychiatry

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Telecardiology

9.1.5.1. Market Revenue and Forecast (2019-2030)

9.1.6. Others

9.1.6.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Telemedicine Market, By Technology Type 

10.1. Telemedicine Market, by Technology Type, 2021-2030

10.1.1. Store & Forward

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Real-Time

10.1.2.1. Market Revenue and Forecast (2019-2030)

10.1.3. Others

10.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Telemedicine Market, By Delivery Mode Type

11.1. Telemedicine Market, by Delivery Mode Type, 2021-2030

11.1.1. Web/Mobile (Telephonic, Visualized)

11.1.1.1. Market Revenue and Forecast (2019-2030)

11.1.2. Call Centers

11.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 12. Global Telemedicine Market, By Component Type

12.1. Telemedicine Market, by Component, 2021-2030

12.1.1. Product (Hardware, Software, Others)

12.1.1.1. Market Revenue and Forecast (2019-2030)

12.1.2. Services (Tele-consulting, Tele-monitoring, Tele-education)

12.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 13. Global Telemedicine  Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Type (2019-2030)

13.1.2. Market Revenue and Forecast, by Application (2019-2030)

13.1.3. Market Revenue and Forecast, by Technology (2019-2030)

13.1.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.1.5. Market Revenue and Forecast, by Component (2019-2030)

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Type (2019-2030)

13.1.6.2. Market Revenue and Forecast, by Application (2019-2030)

13.1.6.3. Market Revenue and Forecast, by Technology (2019-2030)

13.1.6.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.1.7. Market Revenue and Forecast, by Component (2019-2030)

13.1.8. Rest of North America

13.1.8.1. Market Revenue and Forecast, by Type (2019-2030)

13.1.8.2. Market Revenue and Forecast, by Application (2019-2030)

13.1.8.3. Market Revenue and Forecast, by Technology (2019-2030)

13.1.8.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.1.8.5. Market Revenue and Forecast, by Component (2019-2030)

13.2. Europe

13.2.1. Market Revenue and Forecast, by Type (2019-2030)

13.2.2. Market Revenue and Forecast, by Application (2019-2030)

13.2.3. Market Revenue and Forecast, by Technology (2019-2030)

13.2.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.2.5. Market Revenue and Forecast, by Component (2019-2030)

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Type (2019-2030)

13.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

13.2.6.3. Market Revenue and Forecast, by Technology (2019-2030)

13.2.7. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.2.8. Market Revenue and Forecast, by Component (2019-2030)

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Type (2019-2030)

13.2.9.2. Market Revenue and Forecast, by Application (2019-2030)

13.2.9.3. Market Revenue and Forecast, by Technology (2019-2030)

13.2.10. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.2.11. Market Revenue and Forecast, by Component (2019-2030)

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Type (2019-2030)

13.2.12.2. Market Revenue and Forecast, by Application (2019-2030)

13.2.12.3. Market Revenue and Forecast, by Technology (2019-2030)

13.2.12.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.2.13. Market Revenue and Forecast, by Component (2019-2030)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Type (2019-2030)

13.2.14.2. Market Revenue and Forecast, by Application (2019-2030)

13.2.14.3. Market Revenue and Forecast, by Technology (2019-2030)

13.2.14.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.2.15. Market Revenue and Forecast, by Component (2019-2030)

13.3. APAC

13.3.1. Market Revenue and Forecast, by Type (2019-2030)

13.3.2. Market Revenue and Forecast, by Application (2019-2030)

13.3.3. Market Revenue and Forecast, by Technology (2019-2030)

13.3.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.3.5. Market Revenue and Forecast, by Component (2019-2030)

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Type (2019-2030)

13.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

13.3.6.3. Market Revenue and Forecast, by Technology (2019-2030)

13.3.6.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.3.7. Market Revenue and Forecast, by Component (2019-2030)

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Type (2019-2030)

13.3.8.2. Market Revenue and Forecast, by Application (2019-2030)

13.3.8.3. Market Revenue and Forecast, by Technology (2019-2030)

13.3.8.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.3.9. Market Revenue and Forecast, by Component (2019-2030)

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Type (2019-2030)

13.3.10.2. Market Revenue and Forecast, by Application (2019-2030)

13.3.10.3. Market Revenue and Forecast, by Technology (2019-2030)

13.3.10.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.3.10.5. Market Revenue and Forecast, by Component (2019-2030)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Type (2019-2030)

13.3.11.2. Market Revenue and Forecast, by Application (2019-2030)

13.3.11.3. Market Revenue and Forecast, by Technology (2019-2030)

13.3.11.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.3.11.5. Market Revenue and Forecast, by Component (2019-2030)

13.4. MEA

13.4.1. Market Revenue and Forecast, by Type (2019-2030)

13.4.2. Market Revenue and Forecast, by Application (2019-2030)

13.4.3. Market Revenue and Forecast, by Technology (2019-2030)

13.4.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.4.5. Market Revenue and Forecast, by Component (2019-2030)

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Type (2019-2030)

13.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

13.4.6.3. Market Revenue and Forecast, by Technology (2019-2030)

13.4.6.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.4.7. Market Revenue and Forecast, by Component (2019-2030)

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Type (2019-2030)

13.4.8.2. Market Revenue and Forecast, by Application (2019-2030)

13.4.8.3. Market Revenue and Forecast, by Technology (2019-2030)

13.4.8.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.4.9. Market Revenue and Forecast, by Component (2019-2030)

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Type (2019-2030)

13.4.10.2. Market Revenue and Forecast, by Application (2019-2030)

13.4.10.3. Market Revenue and Forecast, by Technology (2019-2030)

13.4.10.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.4.10.5. Market Revenue and Forecast, by Component (2019-2030)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Type (2019-2030)

13.4.11.2. Market Revenue and Forecast, by Application (2019-2030)

13.4.11.3. Market Revenue and Forecast, by Technology (2019-2030)

13.4.11.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.4.11.5. Market Revenue and Forecast, by Component (2019-2030)

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Type (2019-2030)

13.5.2. Market Revenue and Forecast, by Application (2019-2030)

13.5.3. Market Revenue and Forecast, by Technology (2019-2030)

13.5.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.5.5. Market Revenue and Forecast, by Component (2019-2030)

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Type (2019-2030)

13.5.6.2. Market Revenue and Forecast, by Application (2019-2030)

13.5.6.3. Market Revenue and Forecast, by Technology (2019-2030)

13.5.6.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.5.7. Market Revenue and Forecast, by Component (2019-2030)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Type (2019-2030)

13.5.8.2. Market Revenue and Forecast, by Application (2019-2030)

13.5.8.3. Market Revenue and Forecast, by Technology (2019-2030)

13.5.8.4. Market Revenue and Forecast, by Delivery Mode (2019-2030)

13.5.8.5. Market Revenue and Forecast, by Component (2019-2030)

Chapter 14. Company Profiles

14.1. Koninklijke Philips N.V.

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Medtronic

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. GE Healthcare

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Cerner Corporation

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Siemens Healthineers

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. Cisco Systems, Inc.

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Teladoc Health Inc.

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. American Well

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. AMC Health

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. MDLive

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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