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Telemedicine Market

Global Telemedicine Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021-2025 - (By Component(Hardware,Software,Services), Specialty(Teleradiology,Telepathology,Teledermatology,Others), Modality(Store & forward,Real-time Interaction,Remote patient monitoring,Others), End User, By Geography, Leading Companies)

Published Date: Nov 2020 | Format: | No. of Pages: 360

Industry: Healthcare IT


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Telemedicine Market Outlook  

Poised to exhibit a strong CAGR of around 19% between 2021 and 2025, the global telemedicine market will possibly reach the valuation of US$152 Bn by the end of forecast year. The insights offered in this report are expected to aid in market growth examination over the forecast timeline.

Market Analysis in Brief

There has been a growing demand for services from the telemedicine market in recent years. More particularly post the onset of the COVID-19 pandemic, where individuals were less likely to engage in physical encounters between practitioners and patients. Moreover, the implementation of advanced innovations and technologies have allowed for the effective diagnosis and treatment of patients. Additionally, favourable governmental policies being implemented presently are expected to have a positive influence on the global telemedicine market in the coming years.

Telemedicine Market

Key Report Findings

  • The global telemedicine market is expected to cross the US$152 Bn mark by 2025 end
  • Teleconsultation to be the largest market segment
  • The telemedicine industry is projected to expand exponentially at a CAGR of 19%
  • Teladoc Health is the largest telemedicine company in the world
  • The chronic care management segment is expected to dominate this global market

 

Growth Drivers

Rapid Technological Advancements

Analysts at Fairfield Market Research predict that remote patient monitoring will be the most potent advancement application in the telemedicine market. There are several examples like automatic insulin pumps, digital blood pressure cuffs and digital heart rate monitors that make the case for remote telemedicine applications.

A patient’s willingness to adapt to innovative technology is at the base of advancement in RPM. This is reflected clearly in a survey released by VivaLNK, where nearly 66% of patients aged 40 and over were willing to wear an RPM device if it would allow the patient to make fewer trips to the doctor.

The next logical step for technological advancements would be the integration of telemedicine into the current healthcare system with connectivity to Electronic Health Records (EHRs). However, to mitigate data privacy concerns, developers should look for guidance through regulatory agencies and security protections on such integrated platforms.

Another advancement in the telemedicine market is the augmentation of user health apps with artificial intelligence. The continued integration of artificial intelligence into telemedicine should increase the development of easy apps, access to care, and aid in follow-up treatment plans.

Growth Challenges

Security Concerns, and Regulatory/Reimbursement Obstacles

As telemedicine involves the exchange of personal and medical information over the internet, this data could be susceptible to unlawful interception by deviant entities resulting in security concerns for both healthcare providers and patients. Moreover, telemedicine is subject to stringent regulations and reimbursement policies that vary from country to country. This could lead to unnecessary bottlenecks which could make it difficult for service providers to offer or sustain telemedicine services. Factors such as these are slated to have a negative influence on the growth trajectory of the global telemedicine market in the coming years.

Overview of Key Segments

Teleradiology to Remain Dominant Application

Teleradiology was the leading specialty segment with the highest market share in 2019. Furthermore, this segment is set to keep its dominant position until the end of the forecast period. This dominance is attributable to a higher adoption rate of Picture Archiving and Communication Systems (PACS) as well as an elevated level of R&D activities in this space.

In end-user segment, hospitals accounted for the largest share of telemedicine market in 2019. This segment is slated to expand at a moderate-high growth rate over the forecast period. Presently, the most preferred department for telemedicine services in hospitals is the emergency care department. However, by extending the role of e-Health services in healthcare, hospitals can expand service offerings widely to OPDs and post-hospitalization facilities. These widening areas of application are projected to make a significant contribution to the growth of this segment in the future.

Growth Opportunities Across Regions

The US Leads with Favorable Reimbursement Policies

North America was the leading region in the global telemedicine market in 2019 due to consumer preferences, the presence of key players, and favourable reimbursement policies. According to the American Telemedicine Association (ATA), there are about 200 networked telemedicine programs in the U.S., granting telemedicine access to more than 3000 rural sites. Additionally, in about 46 states, Medicaid programs cover live video, and 26 state Medicaid programs cover a facility or transmission fee, or both.

Asia Pacific’s telemedicine market is expected to register notable growth over the forecast period on account of technological advancements in digital imaging, as well as favourable government initiatives. The recent launch of the National Digital Health Mission by the Government of India is another step in this direction. Furthermore, a vast population base in countries such as China, and India, the improving access of the internet, and a rapid rise in aging-related concerns are all expected to contribute to the regional growth. There have been notable challenges in the global telemedicine market, which may hinder the progress in emerging as well as underdeveloped economies. Poor infrastructure and varying healthcare spending priorities of respective governments are also the key concerns for these countries, which could negatively influence the performance of telemedicine industry.

Key Market Players – Telemedicine Landscape

Some key companies in the global telemedicine market include 2nd.MD, Allscripts Healthcare Solutions Inc., AMD Global Telemedicine, American Well, BioTelemetry, Blue Sky Telehealth, Cerner Corporation, Cisco Systems, Doctolib, Eagle Telemedicine, Honeywell International Inc., iCLiniq, InSight, InTouch Technologies, Koninklijke Philips N.V., McKesson Corporation, MDLive, MeMD, OBS Medical, Polycom Inc., SOC Telemed, Specialist Telemed, Teladoc Health, and VirTrial LLC., to name a few. To gain a competitive edge, various established industry players are now more focused on new product launches, partnerships, collaborations, acquisitions, and alliances.

Leading Players on Buying Spree to Consolidate Stronghold Positions

Hefty investments have been made by big tech giants in the last few years with the aim of penetrating high potential untapped areas, both organically and inorganically. Multiple start-ups with disruptive technologies are being backed up by these giants. Such recent collaborations include, Teladoc’s agreement to takeover InTouch, as well as American Well acquiring Aligned Telehealth. Both these acquisitions aim to help market leaders, Teladoc and American Well, to strengthen their respective positions with a greater customer base and expanded service offerings.

Recent Notable Developments:

  • In August 2021, the Indian government announced plans to invest US$3.7 Bn to promote telemedicine and other digital health services
  • In October 2021, the World Health Organization (WHO) announced the launch of a global initiative to scale-up telemedicine services in low and middle-income countries. This initiative aims to improve access to quality healthcare services by employing telemedicine and digital health technologies
  • In November 2021, Teladoc Health announced planned to acquire Livongo, a digital health company, for US$18.5 Bn. This acquisition was expected to create a leading digital healthcare company that provides integrated virtual care services for chronic conditions such as diabetes, hypertension, and behavioural health
  • In December 2021, Amazon Web Services (AWS) launched Amazon HealthLake, a fully managed service that enables healthcare providers to store, transform, and analyse health data in a compliant and secure way. This service is expected to aid healthcare providers to improve patient care through better data analysis and integration

The Global Telemedicine Market is Segmented as Below:

Component

  • Hardware
  • Software
  • Services

Specialty

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

Modality

  • Store & forward
  • Real-time Interaction
  • Remote patient monitoring
  • Others

End User

  • Hospitals
  • Home Care Settings

Geographical Coverage

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Eastern Europe
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia & New Zealand
    • South East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Israel
    • Saudi Arabia
    • United Arab Emirates
    • South Africa
    • Rest of Middle East & Africa

Leading Companies

  • 2nd.MD
  • Allscripts Healthcare Solutions Inc.
  • AMD Global Telemedicine
  • American Well
  • BioTelemetry
  • Cerner Corporation
  • Cisco Systems
  • Doxy.me
  • Honeywell International Inc.
  • Koninklijke Philips N.V.
  • McKesson Corporation
  • MDLive
  • Polycom Inc.
  • Teladoc Health
  • Vidyo
  • VirTrial, LLC
  • vRad (MEDNAX)

Inside This Report You Will Find:

1. Executive Summary
2. Market Overview
3. Global Telemedicine Market Outlook, 2017 - 2025
4. North America Telemedicine Market Outlook, 2017 - 2025
5. Europe Telemedicine Market Outlook, 2017 - 2025
6. Asia Pacific Telemedicine Market Outlook, 2017 - 2025
7. Latin America Telemedicine Market Outlook, 2017 - 2025
8. Middle East & Africa Telemedicine Market Outlook, 2017 - 2025
9. Competitive Landscape
10. Appendix

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1. Executive Summary
     1.1. Global Telemedicine Market Outlook, 2017 - 2025 ($US Million)
     1.2. Telemedicine Market Segment Overview, 2017 - 2025 ($US Million)
     1.3. Key Market Trends

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
           2.2.1. Market Drivers
           2.2.2. Market Restraints
           2.2.3. Market Opportunities
     2.3. Technology Trends
     2.4. Regulatory Scenario
     2.5. Reimbursement Scenario
     2.6. COVID-19 Impact
     2.7. SWOT Analysis

3. Global Telemedicine Market Outlook, 2017 - 2025
     3.1. Global Telemedicine Market Outlook, By Component, 2017 - 2025
           3.1.1. Key Highlights
           3.1.2. Global Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025 
                3.1.2.1. Hardware
                3.1.2.2. Software
                3.1.2.3. Services
           3.1.3. Global Telemedicine Market Attractiveness Analysis, by Component, 2017 - 2025
     3.2. Global Telemedicine Market Outlook, By Specialty, 2017 - 2025
           3.2.1. Key Highlights
           3.2.2. Global Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025 
                3.2.2.1. Teleradiology
                3.2.2.2. Telepsychiatry
                3.2.2.3. Telecardiology
                3.2.2.4. Teledermatology
                3.2.2.5. Telepathology
                3.2.2.6. Others
           3.2.3. Global Telemedicine Market Attractiveness Analysis, by Specialty, 2017 - 2025
     3.3. Global Telemedicine Market Outlook, By Modality, 2017 - 2025
           3.3.1. Key Highlights
           3.3.2. Global Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                3.3.2.1. Store-and-forward
                3.3.2.2. Remote patient monitoring
                3.3.2.3. Real-time Interaction
                3.3.2.4. Others
           3.3.3. Global Telemedicine Market Attractiveness Analysis, by Modality, 2017 - 2025
     3.4. Global Telemedicine Market Outlook, By End User, 2017 - 2025
           3.4.1. Key Highlights
           3.4.2. Global Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                3.4.2.1. Hospitals
                3.4.2.2. Home Care Settings
           3.4.3. Global Telemedicine Market Attractiveness Analysis, by End User, 2017 - 2025
     3.5. Global Telemedicine Market Outlook, By Region, 2017 - 2025
           3.5.1. Key Highlights
           3.5.2. Global Telemedicine Market Outlook, by Region, Value ($US Million ) 2017 - 2025
                3.5.2.1. North America
                3.5.2.2. Europe
                3.5.2.3. Asia Pacific
                3.5.2.4. Latin America
                3.5.2.5. Middle East & Africa
           3.5.3. Global Telemedicine Market Attractiveness Analysis, by Region, 2017 - 2025

4. North America Telemedicine Market Outlook, 2017 - 2025
     4.1. North America Telemedicine Market Outlook, By Component, 2017 - 2025
           4.1.1. Key Highlights
           4.1.2. North America Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025 
                4.1.2.1. Hardware
                4.1.2.2. Software
                4.1.2.3. Services
           4.1.3. North America Telemedicine Market Attractiveness Analysis, by Component, 2017 - 2025
     4.2. North America Telemedicine Market Outlook, By Specialty, 2017 - 2025
           4.2.1. Key Highlights
           4.2.2. North America Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025 
                4.2.2.1. Teleradiology
                4.2.2.2. Telepsychiatry
                4.2.2.3. Telecardiology
                4.2.2.4. Teledermatology
                4.2.2.5. Telepathology
                4.2.2.6. Others
           4.2.3. North America Telemedicine Market Attractiveness Analysis, by Specialty, 2017 - 2025
     4.3. North America Telemedicine Market Outlook, By Modality, 2017 - 2025
           4.3.1. Key Highlights
           4.3.2. North America Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                4.3.2.1. Store-and-forward
                4.3.2.2. Remote patient monitoring
                4.3.2.3. Real-time Interaction
                4.3.2.4. Others
           4.3.3. North America Telemedicine Market Attractiveness Analysis, by Modality, 2017 - 2025
     4.4. North America Telemedicine Market Outlook, By End User, 2017 - 2025
           4.4.1. Key Highlights
           4.4.2. North America Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                4.4.2.1. Hospitals
                4.4.2.2. Home Care Settings
           4.4.3. North America Telemedicine Market Attractiveness Analysis, by End User, 2017 - 2025
     4.5. North America Telemedicine Market Outlook, By Country, 2017 - 2025
           4.5.1. Key Highlights
           4.5.2. North America Telemedicine Market Outlook, by Country, Value ($US Million ) 2017 - 2025
                4.5.2.1. United States
                     4.5.2.1.1. United States Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     4.5.2.1.2. United States Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     4.5.2.1.3. United States Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     4.5.2.1.4. United States Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                4.5.2.2. Canada
                     4.5.2.2.1. Canada Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     4.5.2.2.2. Canada Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     4.5.2.2.3. Canada Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     4.5.2.2.4. Canada Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
           4.5.3. North America Telemedicine Market Attractiveness Analysis, by Country, 2017 - 2025

5. Europe Telemedicine Market Outlook, 2017 - 2025
     5.1. Europe Telemedicine Market Outlook, By Component, 2017 - 2025
           5.1.1. Key Highlights
           5.1.2. Europe Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025 
                5.1.2.1. Hardware
                5.1.2.2. Software
                5.1.2.3. Services
           5.1.3. Europe Telemedicine Market Attractiveness Analysis, by Component, 2017 - 2025
     5.2. Europe Telemedicine Market Outlook, By Specialty, 2017 - 2025
           5.2.1. Key Highlights
           5.2.2. Europe Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025 
                5.2.2.1. Teleradiology
                5.2.2.2. Telepsychiatry
                5.2.2.3. Telecardiology
                5.2.2.4. Teledermatology
                5.2.2.5. Telepathology
                5.2.2.6. Others
           5.2.3. Europe Telemedicine Market Attractiveness Analysis, by Specialty, 2017 - 2025
     5.3. Europe Telemedicine Market Outlook, By Modality, 2017 - 2025
           5.3.1. Key Highlights
           5.3.2. Europe Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                5.3.2.1. Store-and-forward
                5.3.2.2. Remote patient monitoring
                5.3.2.3. Real-time Interaction
                5.3.2.4. Others
           5.3.3. Europe Telemedicine Market Attractiveness Analysis, by Modality, 2017 - 2025
     5.4. Europe Telemedicine Market Outlook, By End User, 2017 - 2025
           5.4.1. Key Highlights
           5.4.2. Europe Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                5.4.2.1. Hospitals
                5.4.2.2. Home Care Settings
           5.4.3. Europe Telemedicine Market Attractiveness Analysis, by End User, 2017 - 2025
     5.5. Europe Telemedicine Market Outlook, By Country, 2017 - 2025
           5.5.1. Key Highlights
           5.5.2. Europe Telemedicine Market Outlook, by Country, Value ($US Million ) 2017 - 2025
                5.5.2.1. Germany
                     5.5.2.1.1. Germany Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     5.5.2.1.2. Germany Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     5.5.2.1.3. Germany Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     5.5.2.1.4. Germany Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                5.5.2.2. France
                     5.5.2.2.1. France Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     5.5.2.2.2. France Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     5.5.2.2.3. France Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     5.5.2.2.4. France Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                5.5.2.3. United Kingdom
                     5.5.2.3.1. United Kingdom Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     5.5.2.3.2. United Kingdom Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     5.5.2.3.3. United Kingdom Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     5.5.2.3.4. United Kingdom Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                5.5.2.4. Italy
                     5.5.2.4.1. Italy Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     5.5.2.4.2. Italy Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     5.5.2.4.3. Italy Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     5.5.2.4.4. Italy Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                5.5.2.5. Spain
                     5.5.2.5.1. Spain Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     5.5.2.5.2. Spain Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     5.5.2.5.3. Spain Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     5.5.2.5.4. Spain Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                5.5.2.6. Eastern Europe
                     5.5.2.6.1. Eastern Europe Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     5.5.2.6.2. Eastern Europe Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     5.5.2.6.3. Eastern Europe Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     5.5.2.6.4. Eastern Europe Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                5.5.2.7. Rest of Europe
                     5.5.2.7.1. Rest of Europe Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     5.5.2.7.2. Rest of Europe Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     5.5.2.7.3. Rest of Europe Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     5.5.2.7.4. Rest of Europe Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
           5.5.3. Europe Telemedicine Market Attractiveness Analysis, by Country, 2017 - 2025

6. Asia Pacific Telemedicine Market Outlook, 2017 - 2025
     6.1. Asia Pacific Telemedicine Market Outlook, By Component, 2017 - 2025
           6.1.1. Key Highlights
           6.1.2. Asia Pacific Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025 
                6.1.2.1. Hardware
                6.1.2.2. Software
                6.1.2.3. Services
           6.1.3. Asia Pacific Telemedicine Market Attractiveness Analysis, by Component, 2017 - 2025
     6.2. Asia Pacific Telemedicine Market Outlook, By Specialty, 2017 - 2025
           6.2.1. Key Highlights
           6.2.2. Asia Pacific Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025 
                6.2.2.1. Teleradiology
                6.2.2.2. Telepsychiatry
                6.2.2.3. Telecardiology
                6.2.2.4. Teledermatology
                6.2.2.5. Telepathology
                6.2.2.6. Others
           6.2.3. Asia Pacific Telemedicine Market Attractiveness Analysis, by Specialty, 2017 - 2025
     6.3. Asia Pacific Telemedicine Market Outlook, By Modality, 2017 - 2025
           6.3.1. Key Highlights
           6.3.2. Asia Pacific Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                6.3.2.1. Store-and-forward
                6.3.2.2. Remote patient monitoring
                6.3.2.3. Real-time Interaction
                6.3.2.4. Others
           6.3.3. Asia Pacific Telemedicine Market Attractiveness Analysis, by Modality, 2017 - 2025
     6.4. Asia Pacific Telemedicine Market Outlook, By End User, 2017 - 2025
           6.4.1. Key Highlights
           6.4.2. Asia Pacific Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                6.4.2.1. Hospitals
                6.4.2.2. Home Care Settings
           6.4.3. Asia Pacific Telemedicine Market Attractiveness Analysis, by End User, 2017 - 2025
     6.5. Asia Pacific Telemedicine Market Outlook, By Country, 2017 - 2025
           6.5.1. Key Highlights
           6.5.2. Asia Pacific Telemedicine Market Outlook, by Country, Value ($US Million ) 2017 - 2025
                6.5.2.1. Japan
                     6.5.2.1.1. Japan Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     6.5.2.1.2. Japan Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     6.5.2.1.3. Japan Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     6.5.2.1.4. Japan Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                6.5.2.2. China
                     6.5.2.2.1. China Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     6.5.2.2.2. China Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     6.5.2.2.3. China Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     6.5.2.2.4. China Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                6.5.2.3. India
                     6.5.2.3.1. India Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     6.5.2.3.2. India Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     6.5.2.3.3. India Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     6.5.2.3.4. India Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                6.5.2.4. Australia & New Zealand
                     6.5.2.4.1. Australia & New Zealand Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     6.5.2.4.2. Australia & New Zealand Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     6.5.2.4.3. Australia & New Zealand Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     6.5.2.4.4. Australia & New Zealand Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                6.5.2.5. South East Asia
                     6.5.2.5.1. South East Asia Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     6.5.2.5.2. South East Asia Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     6.5.2.5.3. South East Asia Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     6.5.2.5.4. South East Asia Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                6.5.2.6. Rest of Asia Pacific
                     6.5.2.6.1. Rest of Asia Pacific Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     6.5.2.6.2. Rest of Asia Pacific Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     6.5.2.6.3. Rest of Asia Pacific Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     6.5.2.6.4. Rest of Asia Pacific Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
           6.5.3. Asia Pacific Telemedicine Market Attractiveness Analysis, by Country, 2017 - 2025

7. Latin America Telemedicine Market Outlook, 2017 - 2025
     7.1. Latin America Telemedicine Market Outlook, By Component, 2017 - 2025
           7.1.1. Key Highlights
           7.1.2. Latin America Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025 
                7.1.2.1. Hardware
                7.1.2.2. Software
                7.1.2.3. Services
           7.1.3. Latin America Telemedicine Market Attractiveness Analysis, by Component, 2017 - 2025
     7.2. Latin America Telemedicine Market Outlook, By Specialty, 2017 - 2025
           7.2.1. Key Highlights
           7.2.2. Latin America Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025 
                7.2.2.1. Teleradiology
                7.2.2.2. Telepsychiatry
                7.2.2.3. Telecardiology
                7.2.2.4. Teledermatology
                7.2.2.5. Telepathology
                7.2.2.6. Others
           7.2.3. Latin America Telemedicine Market Attractiveness Analysis, by Specialty, 2017 - 2025
     7.3. Latin America Telemedicine Market Outlook, By Modality, 2017 - 2025
           7.3.1. Key Highlights
           7.3.2. Latin America Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                7.3.2.1. Store-and-forward
                7.3.2.2. Remote patient monitoring
                7.3.2.3. Real-time Interaction
                7.3.2.4. Others
           7.3.3. Latin America Telemedicine Market Attractiveness Analysis, by Modality, 2017 - 2025
     7.4. Latin America Telemedicine Market Outlook, By End User, 2017 - 2025
           7.4.1. Key Highlights
           7.4.2. Latin America Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                7.4.2.1. Hospitals
                7.4.2.2. Home Care Settings
           7.4.3. Latin America Telemedicine Market Attractiveness Analysis, by End User, 2017 - 2025
     7.5. Latin America Telemedicine Market Outlook, By Country, 2017 - 2025
           7.5.1. Key Highlights
           7.5.2. Latin America Telemedicine Market Outlook, by Country, Value ($US Million ) 2017 - 2025
                7.5.2.1. Brazil
                     7.5.2.1.1. Brazil Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     7.5.2.1.2. Brazil Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     7.5.2.1.3. Brazil Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     7.5.2.1.4. Brazil Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                7.5.2.2. Argentina
                     7.5.2.2.1. Argentina Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     7.5.2.2.2. Argentina Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     7.5.2.2.3. Argentina Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     7.5.2.2.4. Argentina Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                7.5.2.3. Mexico
                     7.5.2.3.1. Mexico Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     7.5.2.3.2. Mexico Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     7.5.2.3.3. Mexico Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     7.5.2.3.4. Mexico Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                7.5.2.4. Rest of Latin America
                     7.5.2.4.1. Rest of Latin America Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     7.5.2.4.2. Rest of Latin America Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     7.5.2.4.3. Rest of Latin America Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     7.5.2.4.4. Rest of Latin America Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
           7.5.3. Latin America Telemedicine Market Attractiveness Analysis, by Country, 2017 - 2025

8. Middle East & Africa Telemedicine Market Outlook, 2017 - 2025
     8.1. Middle East & Africa Telemedicine Market Outlook, By Component, 2017 - 2025
           8.1.1. Key Highlights
           8.1.2. Middle East & Africa Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025 
                8.1.2.1. Hardware
                8.1.2.2. Software
                8.1.2.3. Services
           8.1.3. Middle East & Africa Telemedicine Market Attractiveness Analysis, by Component, 2017 - 2025
     8.2. Middle East & Africa Telemedicine Market Outlook, By Specialty, 2017 - 2025
           8.2.1. Key Highlights
           8.2.2. Middle East & Africa Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025 
                8.2.2.1. Teleradiology
                8.2.2.2. Telepsychiatry
                8.2.2.3. Telecardiology
                8.2.2.4. Teledermatology
                8.2.2.5. Telepathology
                8.2.2.6. Others
           8.2.3. Middle East & Africa Telemedicine Market Attractiveness Analysis, by Specialty, 2017 - 2025
     8.3. Middle East & Africa Telemedicine Market Outlook, By Modality, 2017 - 2025
           8.3.1. Key Highlights
           8.3.2. Middle East & Africa Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                8.3.2.1. Store-and-forward
                8.3.2.2. Remote patient monitoring
                8.3.2.3. Real-time Interaction
                8.3.2.4. Others
           8.3.3. Middle East & Africa Telemedicine Market Attractiveness Analysis, by Modality, 2017 - 2025
     8.4. Middle East & Africa Telemedicine Market Outlook, By End User, 2017 - 2025
           8.4.1. Key Highlights
           8.4.2. Middle East & Africa Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                8.4.2.1. Hospitals
                8.4.2.2. Home Care Settings
           8.4.3. Middle East & Africa Telemedicine Market Attractiveness Analysis, by End User, 2017 - 2025
     8.5. Middle East & Africa Telemedicine Market Outlook, By Country, 2017 - 2025
           8.5.1. Key Highlights
           8.5.2. Middle East & Africa Telemedicine Market Outlook, by Country, Value ($US Million ) 2017 - 2025
                8.5.2.1. Israel
                     8.5.2.1.1. Israel Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     8.5.2.1.2. Israel Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     8.5.2.1.3. Israel Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     8.5.2.1.4. Israel Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                8.5.2.2. Saudi Arabia
                     8.5.2.2.1. Saudi Arabia Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     8.5.2.2.2. Saudi Arabia Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     8.5.2.2.3. Saudi Arabia Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     8.5.2.2.4. Saudi Arabia Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                8.5.2.3. United Arab Emirates
                     8.5.2.3.1. United Arab Emirates Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     8.5.2.3.2. United Arab Emirates Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     8.5.2.3.3. United Arab Emirates Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     8.5.2.3.4. United Arab Emirates Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                8.5.2.4. South Africa
                     8.5.2.4.1. South Africa Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     8.5.2.4.2. South Africa Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     8.5.2.4.3. South Africa Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     8.5.2.4.4. South Africa Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                8.5.2.5. Rest of Middle East & Africa
                     8.5.2.5.1. Rest of Middle East & Africa Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     8.5.2.5.2. Rest of Middle East & Africa Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     8.5.2.5.3. Rest of Middle East & Africa Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     8.5.2.5.4. Rest of Middle East & Africa Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
           8.5.3. Middle East & Africa Telemedicine Market Attractiveness Analysis, by Country, 2017 - 2025

9. Competitive Landscape
     9.1. Company Market Share Analysis, 2019
     9.2. Strategic Collaborations
     9.3. Company Profiles
           9.3.1. 2nd.MD
                9.3.1.1. Company overview
                9.3.1.2. Financial performance
                9.3.1.3. Product Portfolio
                9.3.1.4. Recent Developments
           9.4.2. Allscripts Healthcare Solutions Inc.
           9.4.3. AMD Global Telemedicine
           9.4.4. American Well
           9.4.5. BioTelemetry
           9.4.6. Blue Sky Telehealth
           9.4.7. Cerner Corporation
           9.4.8. Cisco Systems
           9.4.9. Doctolib
           9.4.10. Eagle Telemedicine
           9.4.11. Honeywell International Inc.
           9.4.12. iCLiniq
           9.4.13. InSight
           9.4.14. Koninklijke Philips N.V.
           9.4.15. McKesson Corporation
           9.4.16. MDLive
           9.4.17. MeMD
           9.4.18. OBS Medical
           9.4.19. Polycom Inc.
           9.4.20. SOC Telemed
           9.4.21. Specialist Telemed
           9.4.22. Teladoc Health
           9.4.23. VirTrial, LLC

10. Appendix
     10.1. Research Methodology
     10.2. Report Assumptions
     10.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS


2020

2017 - 2019

2021 - 2025 

Value: US$ Million

 

REPORT FEATURES

DETAILS

Component
  • Hardware
  • Software
  • Services

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

Modality
  • Store & forward
  • Real-time Interaction
  • Remote patient monitoring
  • Others

End User
  • Hospitals
  • Home Care Settings

Geographical Coverage
  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Eastern Europe
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia & New Zealand
    • South East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Israel
    • Saudi Arabia
    • United Arab Emirates
    • South Africa
    • Rest of Middle East & Africa

Leading Companies
  • 2nd.MD
  • Allscripts Healthcare Solutions Inc.
  • AMD Global Telemedicine
  • American Well
  • BioTelemetry
  • Cerner Corporation
  • Cisco Systems
  • Doxy.me
  • Honeywell International Inc.
  • Koninklijke Philips N.V.
  • McKesson Corporation
  • MDLive
  • Polycom Inc.
  • Teladoc Health
  • Vidyo
  • VirTrial, LLC
  • vRad (MEDNAX)

Report Highlights
  • Key Market Indicators, Market Estimates and Forecast, Market Dynamics, Key Industry Trends, Reimbursement Scenario, COVID-19 Impact Analysis, SWOT Analysis, Competition Landscape, Category, Region, Country-wise Trends 

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Research Methodology

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FAQs : Telemedicine Market

Global telemedicine market is anticipated to reach US$ 152.1 billion by 2025.

Global telemedicine market is anticipated to reach whopping US$ 152.1 billion by 2025 from US$ 82.7 billion in 2020 with 19% CAGR (2021-2025).

The rapid upsurge in COVID-19 cases across the world coupled with favourable reimbursement policies for telehealth services in developed countries have spurred the adoption rate of telemedicine significantly. Changing patient preferences towards virtual visits from conventional face to face physician visits will further complement the growth of the telemedicine market.

North America is the global leader in the telemedicine market, the region will continue to lead its way through the forecast period as well.

Cisco Systems, vRad a MEDNAX Company, InTouch Health, Vidyo, American Well, Doxy.me, Philips Healthcare and Polycom.

Our Research Methodology

Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.

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