Title:
Telemedicine Market Research Report: By Type (Tele Hospitals and Clinics, Tele Home), Service (Tele Consulting, Tele Monitoring, Tele Education, Tele Training), Specialty (Dermatology, Gynecology, Neurology, Cardiology, Orthopedics) - Global Industry Analysis and Growth Forecast to 2030.
As per a study conducted by P&S Intelligence, the global telemedicine market is predicted to reach a value of $144.2 billion by 2030, increasing from $27.8 billion in 2019, progressing at a 15.8% CAGR during 2020-2030. The market is registering growth due to the surging geriatric population, rising healthcare cost, rising need for remote patient monitoring services in emerging economies, surging prevalence of chronic diseases, expanding medical tourism industry, rising government grants and initiatives for telemedicine.
On the basis of services, the telemedicine market is divided into tele consulting, tele training, tele monitoring, tele education, and others. Among all these, the tele monitoring division is predicted to witness the highest CAGR in the years to come due to the rising cases of lifestyle-related and chronic diseases across the globe. Healthcare providers can effectively manage the health of patients and prevent complications and exacerbations by utilizing tele monitoring. This results in reductions in rehospitalizations.
North America has been leading the telemedicine market up till now, owing to the increasing aging population, presence of major players, and initiatives that are being taken by non-government and government organizations for funding and offering grants for telemedicine. The U.S. government has grown its telehealth consultations to about 62 million Medicare beneficiaries. Such actions are meant to decrease the health risks for citizens and to remove previous barriers.
The key players operating in the market are Honeywell International Inc., Medtronic plc, Cisco Systems Inc., Cerner Corporation (Cerner), McKesson Corporation, Aerotel Medical Systems Ltd., Koninklijke Philips N.V. (Philips), Teladoc Health Inc., Care innovations LLC, OBS Medical Ltd., AMD Global Telemedicine Inc., Allscripts Healthcare Solutions Inc., Plantronics Inc., BioTelemetry Inc., and GlobalMedia Group LLC.
Table of Contents
Chapter 1. Research Background
- 1.1 Research Objectives
- 1.2 Market Definition
- 1.3 Research Scope
- 1.3.1 Market Segmentation by Type
- 1.3.2 Market Segmentation by Service
- 1.3.3 Market Segmentation by Specialty
- 1.3.4 Market Segmentation by Region
- 1.3.5 Analysis Period
- 1.3.6 Market Data Reporting Unit
- 1.4 Key Stakeholders
Chapter 2. Research Methodology
- 2.1 Secondary Research
- 2.2 Primary Research
- 2.2.1 Breakdown of Primary Research Respondents
- 2.2.1.1 By region
- 2.2.1.2 By industry participant
- 2.2.1.3 By company type
- 2.3 Market Size Estimation
- 2.4 Data Triangulation
- 2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
- 4.1 Definition of Market Segments
- 4.1.1 By Type
- 4.1.1.1 Tele hospitals and clinics
- 4.1.1.2 Tele home
- 4.1.2 By Service
- 4.1.2.1 Tele consulting
- 4.1.2.2 Tele monitoring
- 4.1.2.3 Tele education
- 4.1.2.4 Tele training
- 4.1.2.5 Others
- 4.1.3 By Specialty
- 4.1.3.1 Dermatology
- 4.1.3.2 Gynecology
- 4.1.3.3 Cardiology
- 4.1.3.4 Neurology
- 4.1.3.5 Orthopedic
- 4.1.3.6 Others
- 4.2 Market Dynamics
- 4.2.1 Trends
- 4.2.1.1 Technological advancements
- 4.2.2 Drivers
- 4.2.2.1 Rising geriatric population
- 4.2.2.2 Increasing prevalence of chronic and lifestyle associated diseases
- 4.2.2.3 Increasing healthcare cost
- 4.2.2.4 Increasing government funding and grants for telemedicine
- 4.2.2.5 Growing need for remote patient monitoring services in developing countries
- 4.2.2.6 Increasing medical tourism
- 4.2.2.7 Increasing medical requirement in remote locations
- 4.2.2.8 Impact analysis of drivers on market forecast
- 4.2.3 Restraints
- 4.2.3.1 High installation cost and lack of trained professionals
- 4.2.3.2 Inadequate healthcare infrastructure in developing economies
- 4.2.3.3 Impact analysis of restraints on market forecast
- 4.2.4 Opportunities
- 4.2.4.1 Emerging markets offering lucrative opportunities
- 4.3 Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Buyers
- 4.3.2 Bargaining Power of Suppliers
- 4.3.3 Intensity of Rivalry
- 4.3.4 Threat of New Entrants
- 4.3.5 Threat of Substitutes
Chapter 5. COVID-19 Impact on Global Telemedicine Market
Chapter 6. Global Market Size and Forecast
- 6.1 By Type
- 6.2 By Service
- 6.3 By Specialty
- 6.4 By Region
Chapter 7. North America Market Size and Forecast
- 7.1 By Type
- 7.2 By Service
- 7.3 By Specialty
- 7.4 By Country
- 7.4.1 U.S. Telemedicine Market
- 7.4.1.1 By type
- 7.4.1.2 By service
- 7.4.1.3 By specialty
- 7.4.2 Canada Telemedicine Market
- 7.4.2.1 By type
- 7.4.2.2 By service
- 7.4.2.3 By specialty
Chapter 8. Europe Market Size and Forecast
- 8.1 By Type
- 8.2 By Service
- 8.3 By Specialty
- 8.4 By Country
- 8.4.1 Germany Telemedicine Market
- 8.4.1.1 By type
- 8.4.1.2 By service
- 8.4.1.3 By specialty
- 8.4.2 France Telemedicine Market
- 8.4.2.1 By type
- 8.4.2.2 By service
- 8.4.2.3 By specialty
- 8.4.3 U.K. Telemedicine Market
- 8.4.3.1 By type
- 8.4.3.2 By service
- 8.4.3.3 By specialty
- 8.4.4 Italy Telemedicine Market
- 8.4.4.1 By type
- 8.4.4.2 By service
- 8.4.4.3 By specialty
- 8.4.5 Spain Telemedicine Market
- 8.4.5.1 By type
- 8.4.5.2 By service
- 8.4.5.3 By specialty
Chapter 9. APAC Market Size and Forecast
- 9.1 By Type
- 9.2 By Service
- 9.3 By Specialty
- 9.4 By Country
- 9.4.1 Japan Telemedicine Market
- 9.4.1.1 By type
- 9.4.1.2 By service
- 9.4.1.3 By specialty
- 9.4.2 China Telemedicine Market
- 9.4.2.1 By type
- 9.4.2.2 By service
- 9.4.2.3 By specialty
- 9.4.3 India Telemedicine Market
- 9.4.3.1 By type
- 9.4.3.2 By service
- 9.4.3.3 By specialty
Chapter 10. LATAM Market Size and Forecast
- 10.1 By Type
- 10.2 By Service
- 10.3 By Specialty
- 10.4 By Country
Chapter 11. MEA Market Size and Forecast
- 11.1 By Type
- 11.2 By Service
- 11.3 By Specialty
- 11.4 By Country
Chapter 12. Competitive Landscape
- 12.1 Competitive Analysis of Key Players
- 12.2 Global Strategic Developments of Key Players
- 12.2.1 Mergers and Acquisitions
- 12.2.2 Product and Service Launches
- 12.2.3 Partnerships
- 12.2.4 Other Developments
Chapter 13. Company Profiles
- 13.1 Koninklijke Philips N.V.
- 13.1.1 Business Overview
- 13.1.2 Product and Service Offerings
- 13.1.3 Key Financial Summary
- 13.2 Honeywell International Inc.
- 13.2.1 Business Overview
- 13.2.2 Product and Service Offerings
- 13.2.3 Key Financial Summary
- 13.3 Medtronic plc
- 13.3.1 Business Overview
- 13.3.2 Product and Service Offerings
- 13.3.3 Key Financial Summary
- 13.4 Cerner Corporation
- 13.4.1 Business Overview
- 13.4.2 Product and Service Offerings
- 13.4.3 Key Financial Summary
- 13.5 Cisco Systems Inc.
- 13.5.1 Business Overview
- 13.5.2 Product and Service Offerings
- 13.5.3 Key Financial Summary
- 13.6 McKesson Corporation
- 13.6.1 Business Overview
- 13.6.2 Product and Service Offerings
- 13.6.3 Key Financial Summary
- 13.7 Teladoc Health Inc.
- 13.7.1 Business Overview
- 13.7.2 Product and Service Offerings
- 13.7.3 Key Financial Summary
- 13.8 Aerotel Medical Systems Ltd.
- 13.8.1 Business Overview
- 13.8.2 Product and Service Offerings
- 13.9 OBS Medical Ltd.
- 13.9.1 Business Overview
- 13.9.2 Product and Service Offerings
- 13.10 Care Innovations LLC
- 13.10.1 Business Overview
- 13.10.2 Product and Service Offerings
- 13.11 Allscripts Healthcare Solutions Inc.
- 13.11.1 Business Overview
- 13.11.2 Product and Service Offerings
- 13.11.3 Key Financial Summary
- 13.12 AMD Global Telemedicine Inc.
- 13.12.1 Business Overview
- 13.12.2 Product and Service Offerings
- 13.13 BioTelemetry Inc.
- 13.13.1 Business Overview
- 13.13.2 Product and Service Offerings
- 13.13.3 Key Financial Summary
- 13.14 Polycom Inc.
- 13.14.1 Business Overview
- 13.14.2 Product and Service Offerings
- 13.15 GlobalMedia Group LLC
- 13.15.1 Business Overview
- 13.15.2 Product and Service Offerings
Chapter 14. Appendix
- 14.1 Abbreviations
- 14.2 Sources and References
- 14.3 Related Reports