Global Telemedicine

Global Telemedicine Market Research Report: Forecast (2021-2026)

By End User (Hospitals, Homecare, Clinics & Specialty Centers, Others (Medical Labs, etc.)), By Services (Tele-Training /Education, Tele-Consultation, Tele-Monitoring, Tele-Surgery, Asynchronous (Stor Read more

  • Healthcare
  • Apr 2021
  • 222
  • HC22011

Market Overview

Telemedicine is the practice of distributing health-related services and information through telecommunication technology that helps take care of the patient remotely when the patient and medical professionals are not physically present with each other.

According to the MarkNtel Advisors' research report, "Global Telemedicine Market Analysis, 2021," the market is likely to grow at a CAGR of around 18% during 2021-26 due to the continuously growing healthcare system, bolstering awareness among individuals regarding teleconsulting services, and extensive usage of mobile phones, the internet, and computers. Further, the rising healthcare costs, the surge in technological innovations, and mounting remote patient monitoring are the major factors driving the growth of the telemedicine market across the world.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR (2021-2026) 18%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain, The Netherland
Asia-Pacific: China, India, Japan, South Korea, Australia, South East Asia
South America: Brazil, and Argentina
Middle East & Africa:  UAE, Saudi Arabia, Oman, Bahrain, Qatar, Kuwait, South Africa
Key Companies Profiled GE, AMD Global, Allscripts Healthcare Solutions, Resideo Technologies, Aerotel Medical Systems, Philips, Medtronic, McKesson Corp, SHL Telemedicine, Polycom, InTouch Technologies
Unit Denominations USD Million/Billion

 

Impact of COVID-19

The outbreak of the COVID-19 pandemic has positively affected the growth of the global telemedicine market. The social distancing measures and the need for isolation amidst the spread of coronavirus have been a convenient motivation for the Global Telemedicine market growth. The restriction on in-person visits to clinics & hospitals further encouraged the demand for telemedicine-based consultation.

Global Telemedicine Market Research Report: Forecast (2021-2026)

Market Segmentation

Tele-monitoring Accounted for the Largest Market Share

Based on services, the market segments are Tele-Training, Tele-Consultation, Tele-Monitoring, Tele-Surgery, Asynchronous (Store-and-Forward). Among these segments, Telemonitoring acquired the largest share in the global telemedicine market in the previous few years due to the rising prevalence of chronic diseases and the growing geriatric population requiring home assistance.

Further, the utilization of telemonitoring by healthcare providers to manage patient's health leads to a reduction in the readmission rate. Thus, this contributes to propel the overall growth of the telemedicine market, reveals MarkNtel Advisors in their research report, "Global Telemedicine Market Analysis, 2021."

Cloud-Based model acquires the Largest Share in the Global Telemedicine Market.

The Cloud-based model is more common in developed economies due to the high acceptance of advanced technologies. Cloud-based models are deployed for cost-cutting reasons and are easily accessible. However, there is a significant risk of data loss and other security issues by using on-premise models.

Regional Landscape

North America Grabbed the Highest Market Share

Region-wise, North America has held the largest share in the global telemedicine market in 2019 and is likely to retain its dominance during the forecast period due to rising awareness among consumers regarding developments in the healthcare sector and the acceptance of cloud-based technologies. Moreover, rapid adoption of the latest technologies, the increasing prevalence of chronic diseases among individuals, and mounting R&D initiatives are a few other factors contributing to the telemedicine market growth.

Market Driver

Reduced Healthcare costs likely to boost the market Growth

The rising prevalence of chronic diseases leads to increased expenditure on curing the disease, thereby resulting in a significant rise in healthcare costs. The adoption of digital technologies & telemedicine services further reduces the burden of medical professionals, enabling them to offer services at low cost; the need for establishing full furnished physical clinics gets eliminated.

Competitive Landscape

According to MarkNtel Advisors, the major leading players in the global Telemedicine market are GE, AMD Global, Allscripts Healthcare Solutions, Resideo Technologies, Aerotel Medical Systems, Philips, Medtronic, McKesson Corp, SHL Telemedicine, Polycom, InTouch Technologies.

Key Questions Answered in the Market Research Report:

  1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Telemedicine Market?
  2. What is the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Telemedicine Market? 
  4. Who are the key competitors, their key strengths and weaknesses, and how do they perform in Global Telemedicine Market based on a competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the Global Telemedicine Market study?

Market Outlook, Segmentation and Statistics 

  • Impact of COVID-19 on Global Telemedicine Market
  • Market Size & Analysis
    • By Revenue
  • Market Share & Analysis
    • By End-User
      • Hospitals
      • Homecare
      • Clinics & Specialty Centres
      • Others (Medical Labs, etc.)
  • By Services
    • Tele-Training /Education
    • Tele-Consultation
    • Tele-Monitoring
    • Tele-Surgery
    • Asynchronous (Store-and-Forward) 
  • By Type
    • Tele hospitals
    • Tele homes
    • Mobile Health
  • By Deployment
    • On-Premise
    • Cloud-Based 
    • Web based
  • By Component
    • Hardware
    • Monitors
    • Medical Peripheral Devices (Digital ECG, Digital Stethoscope)
    • Software
    • Integrated Software 
    • Standalone Software
  • By Application
    • Tele-Radiology
    • Tele-Psychiatry
    • Tele-Cardiology
    • Tele-Dermatology
    • Tele-Neurology
    • Tele-Pathology
    • Emergency Care
    • Others (Tele-nephrology, Teleobstetrics, etc.)
  • By Region
    • North America
    • South America
    • Europe
    • Asia-Pacific
    • Middle East & Africa
  • By Competitors
    • Competition Characteristics
    • Market Share & Analysis
    • Competitive Metrix
  • Global Telemedicine Market Hotspots & Opportunities
  • Global Telemedicine Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • Global Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. The historical data has been provided since 2016, while the base year is 2020, and the data forecast is up to 2026.

A. The measuring units of market size/industry size or the market value are USD Million.

A. The Global Telemedicine Market is forecast to grow at a CAGR of 18% during 2021-26.

A. GE, AMD Global, Allscripts Healthcare Solutions, Resideo Technologies, Aerotel Medical Systems, Philips, Medtronic, McKesson Corp, SHL Telemedicine, Polycom, InTouch Technologies are a few of the leading players in the Global Telemedicine Market.

A. Tele-monitoring is likely to attain the highest CAGR during the forecast period and maintain its significant market share.

A. North America continues to grow at the highest CAGR during 2021-26, thereby offering immense opportunities for market leaders of the Global Telemedicine Market.

  1. Introduction
    1. Market Segmentation
    2. Product Definition
    3. Research Process
    4. Assumptions
  2. Executive Summary
  3. Global Market Overview
  4. Global Telemedicine Startup Ecosystem
    1. Prominent Start-Ups & Their Businesses
    2. Leading Investors
    3. Funding Details
  5. Expert Verbatim- What our Experts Say?
  6. Global Telemedicine Market Analysis, (2016-2026)
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Component
        1. Hardware
          1. Monitors
          2. Medical Peripheral Devices (Digital ECG, Digital Stethoscope)
        2. Software
          1. Integrated Software
          2. Standalone Software
      2. By Services
        1. Tele-Training
        2. Tele-Consultation
        3. Tele-Monitoring
        4. Tele-Surgery
        5. Asynchronous (Store-and-Forward)
      3. By Application
        1. Tele-Radiology
        2. Tele-Psychiatry
        3. Tele-Cardiology
        4. Tele-Dermatology
        5. Tele-Neurology
        6. Tele-Pathology
        7. Emergency Care
        8. Others (Tele-Nephrology, Tele-Obstetrics, etc.)
      4. By Deployment
        1. On-Premise
        2. Cloud-Based
      5. By End Users
        1. Hospitals
        2. Homecare
        3. Clinics & Specialty Centers
        4. Others (Medical Labs, etc.)
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. Asia-Pacific
        5. Middle East & Africa
      7. By Company
        1. Market Shares, By Revenue
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
      8. Market Attractiveness Index
        1. By Component
        2. By Services
        3. By Application
        4. By Deployment
        5. By End User
        6. By Region
  7. North America Telemedicine Market Analysis, (2016-2026)
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Services  
      3. By Application
      4. By Deployment
      5. By End Users
      6. By Country
        1. The US
        2. Canada
        3. Mexico
    3. Market Attractiveness Index
      1. By Component
      2. By Services
      3. By Application
      4. By Deployment
      5. By End User
      6. By Country
    4. The US Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    5. Canada Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    6. Mexico Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
  8. South America Telemedicine Market Analysis, (2016-2026)
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Services  
      3. By Application
      4. By Deployment
      5. By End Users
      6. By Country
        1. Brazil
        2. Argentina
        3. Others
    3. Market Attractiveness Index
      1. By Component
      2. By Services
      3. By Application
      4. By Deployment
      5. By End User
      6. By Country
    4. Brazil Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    5. Argentina Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
  9. Europe Telemedicine Market Analysis, (2016-2026)
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Services  
      3. By Application
      4. By Deployment
      5. By End Users
      6. By Country
        1. The UK
        2. Germany
        3. France
        4. Italy
        5. Spain
        6. The Netherland
        7. Others
    3. Market Attractiveness Index
      1. By Component
      2. By Services
      3. By Application
      4. By Deployment
      5. By End User
      6. By Country
    4. The UK Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    5. Germany Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    6. France Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    7. Italy Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    8. Spain Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    9. The Netherland Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
  10. Asia-Pacific Telemedicine Market Analysis, (2016-2026)
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Services 
      3. By Application
      4. By Deployment
      5. By End Users
      6. By Country
        1. India
        2. China
        3. Japan
        4. Australia
        5. South Korea
        6. South East Asia
        7. Others
    3. Market Attractiveness Index
      1. By Component
      2. By Services
      3. By Application
      4. By Deployment
      5. By End User
      6. By Country
    4. India Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    5. China Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    6. Japan Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    7. Australia Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    8. South Korea Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    9. South East Asia Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
  11. Middle East & Africa Telemedicine Market Analysis, (2016-2026)
    1. Market Size & Analysis
      1. Revenues
    2. Market Share & Analysis
      1. By Component
      2. By Services 
      3. By Application
      4. By Deployment
      5. By End Users
      6. By Country
        1. UAE
        2. Saudi Arabia
        3. Oman
        4. Bahrain
        5. Qatar
        6. Kuwait
        7. South Africa
        8. Others
    3. Market Attractiveness Index
      1. By Component
      2. By Services
      3. By Application
      4. By Deployment
      5. By End User
      6. By Country
    4. UAE Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    5. Saudi Arabia Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    6. Oman Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    7. Bahrain Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    8. Qatar Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    9. Kuwait Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
    10. South Africa Telemedicine Market Analysis, (2016-2026)
      1. Market Size & Analysis
        1. Revenues
      2. Market Share & Analysis
        1. By Services
  12. Global Telemedicine Market Policies, Regulations, Product Standards
  13. Global Telemedicine Market: Value Chain Analysis
  14. Key Strategies Adopted by Suppliers to sell Telemedicine Solutions
  15. Global Telemedicine Market Trends & Insights
  16. Global Telemedicine Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  17. Global Telemedicine Market Hotspot & Opportunities
  18. Global Telemedicine Market Key Strategic Imperatives for Success & Growth
  19. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles of top companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. GE
      2. AMD
      3. Aerotel
      4. Philips
      5. McKesson Corp
      6. SHL
      7. Polycom
      8. InTouch
      9. Medtronic
  20. Disclaimer
Global Telemedicine Market Segmentation