Telemedicine Market Size & Share, by Type (Software, Hardware Services); Delivery Type (Cloud-Based, On-Premise); Modality (Asynchronous, Synchronous); Application (Teleconsultation, Teledermatology, TeleCU, Telepsychiatry, Telestroke, Teleradiology); End-user (Healthcare, Homecare Facilities) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 84
  • Published Date: Sep 30, 2024
  • Report Format: PDF, PPT

1. List of Figures 

2. List of Tables 

3. Executive Summary 

4. Research Methodology 

5. Telemedicine
5.1 Introduction 

6. Global Telemedicine Industry Overview 

7. Global Telemedicine Market Size by Region
7.1 North America Telemedicine Market Size
7.1.1 U.S. Telemedicine Market Size
7.1.2 Canada Telemedicine Market Size
7.2 Europe Telemedicine Market Size
7.3 Asia-Pacific Telemedicine Market Size
7.4 Rest of the World (ROW) 

8. Global Telemedicine Market Segmentation by Users
8.1 By Tele clinics/hospitals
8.2 By Tele Home 

9. Global Telemedicine Market by Applications
9.1 Tele-Radiology
9.2 Tele-dermatology
9.3 Tele-gynecology
9.4 Tele-Neurology
9.5 Tele-Cardiology
9.6 Tele-Psychiatry
9.7 Tele-Pathology 

10. Global Telemedicine Market Dynamic
10.1 Drivers
10.2 Restraints 

11. Porter’s Five Force Model Analysis 

12. Global Telemedicine Government Initiatives by Region
12.1 North America
12.1.1 USA
12.1.2 Canada
12.2 Africa
12.2.1 Ghana
12.2.2 Kenya
12.2.3 Botswana
12.2.4 Nigeria
12.2.5 Zimbawae
12.3 ASIA
12.3.1 INDIA
12.3.2 China
12.4 Europe
12.4.1 UK
12.4.2 Germany
12.5 Midddle east
12.5.1 UAE 
13. Risk Analysis
13.1 Supply Risk - Low
13.2 Demand Risk - Medium 

14. Market Attractiveness 

15. Basis Point Scale analysis (BPS) 

16. Competitive Landscape
16.1 AMD Global Telemedicine INC
16.1.1 Business Overview
16.1.2 Product & Services
16.1.3 Financials
16.1.4 Recent News & Developments
16.2 Philips Healthcare
16.2.1 Business Overview
16.2.2 Product & Services
16.2.3 Financials
16.2.4 Recent News & Developments
16.3 GE Healthcare
16.3.1 Business Overview
16.3.2 Product & Services
16.3.3 Financials
16.3.4 Recent News & Developments
16.4 Aerotel Medical Systems
16.4.1 Business Overview
16.4.2 Products and services
16.4.3 Recent News & Developments
16.5 Allscripts Healthcare Solutions Inc.
16.5.1 Business Overview
16.5.2 Products & Services
16.5.3 Financials
16.5.4 Recent News & Developments
16.6 Honeywell Life Care Solutions
16.6.1 Business Overview
16.6.2 Product & Services
16.6.3 Financials
16.6.4 Recent News & Developments
16.7 McKesson Corporation
16.7.1 Business Overview
16.7.2 Product & Services
16.7.3 Financials
16.7.4 Recent News & Developments
16.8 Cerner Corporation
16.8.1 Business Overview
16.8.2 Products & Services
16.8.3 Financials
16.8.4 Recent News & Developments 

List of Figures:
Figure 6-1: Global Telemedicine Market Size (USD Billion) & Y-O-Y Growth, 2015-2021
Figure 6-2: World population over 60 (in Millions)
Figure 6-3: Share of population age 65 and over, 2014
Figure 6-4: Percentage Share of population age 65 and over 2020
Figure 7-1: Global - Telemedicine Market Segmentation by Geographies (%), 2014
Figure 7-2: Global - Telemedicine Market Segmentation by Geographies (%), 2020
Figure 7-3: North America- Telemedicine Market (Billion USUSD), 2015-2021
Figure 7-4: US - Telemedicine Market (Billion USD), 2015-2021
Figure 7-5: Acceptability to adopt Telemedicine in the U.S., 2015
Figure 7-6: Best Remote Diagnostic Medium for Patients, 2015
Figure 7-7: Online Visit should Cost to In-Person Visit, Consumers, 2015
Figure 7-8: Canada-Telemedicine Market (Billion USD), 2015-2021
Figure 7-9: Europe Telemedicine Market Share, By Country, 2014
Figure 7-10: Europe-Telemedicine Market (Billion USD), 2015-2021
Figure 7-11: Asia-Pacific Telemedicine Market (Billion USD), 2015-2021
Figure 7-12: India-Telemedicine Market (Billion USD), 2015-2021
Figure 7-13: ROW-Telemedicine Market (Billion USD), 2015-2021
Figure 8-1: Global - Telemedicine Market Segmentation by Users (%), 2014
Figure 8-2: Global - Telemedicine Market Segmentation by Users (%), 2021
Figure 8-3: Global Telemedicine Market Size (USD Billion) By Tele Clinics/Hospitals
Figure 8-4: Global Telemedicine Market Size (USD Billion) By Tele-home, 2015-2021
Figure 9-1: Global- Telemedicine Market Share by Applications (%), 2015
Figure 9-2: Global- Telemedicine Market Revenue (USD Billion) Share by Applications, 2015
Figure 11-1: Porter`s Five Force Model Analysis
Figure 14-1: Global Market Attractiveness
Figure 15-1: Base Point Scale Analysis. 2015-2021
Figure 16-1: Philips Healthcare - Breakup of Revenue by Business Segments (%), 2014
Figure 16-2: GE healthcare sub segment revenue 2014
Figure 16-3: GE healthcare geographical revenue 2014
Figure 16-4: Cerner Corporation - Breakup of Revenue by Solutions & Services (%), 2014
Figure 16-5: Cerner Corporation - Breakup of Revenue by Segment (%), 2014 

List of Tables:
Table 16-1: Philips healthcare - Revenue (Euro Million), 2012, 2013 & 2014
Table 16-2: Philips healthcare - Research and Development expenses (Euro Million), 2012, 2013 &2014
Table 16-3: GE healthcare revenue (USD Millions) 2012, 2013&2014
Table 16-4: Allscripts Healthcare Solutions, Inc. - Revenue (USD Billion), 2012, 2013 &2014
Table 16-5: Allscripts Healthcare Solutions, Inc - Revenue by Solutions & Services (USD Billion), 2013 & 2014
Table 16-6: Allscripts Healthcare Solutions, Inc - Revenue by Segment (USD Billion), 2013 & 2014
Table 16-7: McKesson Revenue (USD Millions), 2013, 2014 & 2015
Table 16-8: McKesson revenue by segment (USD Billion) 2013, 2014 &2015
Table 16-9: Mckesson revenue by Sub- Segment (USD Billion) 2013, 2014 & 2015
Table 16-10: Cerner Corporation - Revenue (USD Billion), 2013 & 2014
Table 16-11: Cerner Corporation - Revenue by Product & Services (USD Billion), 2013 & 2014
Table 16-12: Cerner Corporation - Revenue by Segment (USD Billion), 2013 & 2014

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Telemedicine Market size was valued at USD 123.04 billion in 2023 and is expected to exceed USD 957.82 billion by 2036, expanding at over 17.1% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of telemedicine is assessed at USD 139.87 billion.

The growth of the market can be attributed to factors such as, a lack of physicians, a rising geriatric population, convenient access to telehealth and telemedicine, a significant surge in telecommunication, a higher prevalence of chronic diseases, and others. For instance, the IT sector is projected to spend over USD 1 trillion on telecommunication services by 2024, meanwhile, the mobile data traffic is estimated to be about 50 exabytes annually. The term telemedicine refers to the process of utilization of electronic information and technology to provide requisite healthcare support. Furthermore, the market is also anticipated to grow on the back of rising cases of chronic diseases. Based on a report published by the National Library of Medicine (NLM), it was stated that about one in three of all people suffers from chronic diseases worldwide. Additionally, in 2019, about 17.9 million death was noticed owing to cardiovascular diseases, as per a report by World Health Organization. All these factors are anticipated to boost the growth of the market over the forecast period.


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Telemedicine Sector: Growth Drivers and Challenges

Growth Drivers

  • Higher Demand for Physicians
  • Growing Geriatric Population
  • Easy Access to Telehealth and Telemedicine
  • Rising Prevalence of Chronic Diseases

Challenges

  • Possibility of Healthcare Fraudulent

Telemedicine Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

17.1%

Base Year Market Size (2023)

USD 123.04 billion

Forecast Year Market Size (2036)

USD 957.82 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Telemedicine Segmentation

The market is segmented by delivery type into cloud-based and on-premise, out of which, the cloud-based segment is anticipated to hold a notable share in the global telemedicine market over the forecast period on account of its convenient extensibility. The on-demand feature of providing services is also anticipated to hike the growth of the segment over the forecast period.

Our in-depth analysis of the global market includes the following segments:

          By Type

  • Software
  • Hardware Services
  • Others

          By Delivery Type

  • Cloud-Based
  • On-Premise

          By Modality

  • Asynchronous
  • Synchronous
  • Others

          By Application

  • Teleconsultation
  • Teledermatology
  • TeleCU
  • Telepsychiatry
  • Telestroke
  • Teleradiology

          By End-User

  • Healthcare
  • Homecare Facilities
 

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Telemedicine Industry - Regional Synopsis

Regionally, the telemedicine market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America is predicted to account for largest revenue share by 2036, on the back of a higher prevalence of chronic diseases, and growing geriatric population. Moreover, requirement to decrease the healthcare expenditure, and rising patient pool in the hospitals backed by advancement in awareness of health, are anticipated to boost the market growth. Additionally, the rising inclination toward the virtual meeting of the population in the region is also anticipated to boost the growth of the market in North America during the forecast period. According to a report published by National Health Council, about 133 million Americans, 40% of the entire population suffer from some sort of chronic disease. A rising prevalence of chronic diseases can be observed in the region. Data provided by the Centers for Diseases Control and Prevention stated that six out of ten Americans have at least one chronic disease. Furthermore, people in North America are more aware of their health and pay frequent visits to hospitals, in such circumstances, telemedicine can be very useful since it avoids in-person visits to the doctors. Such factors are anticipated to influence the market positively over the forecast period in the region.

Research Nester
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Companies Dominating the Telemedicine Landscape

    • ClearArch, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Koninklijke Philips N.V.
    • Medtronic plc
    • Cerner Corporation
    • Teladoc Health, Inc. 
    • Cisco Systems, Inc.
    • American Well Corporation
    • Medvivo Group Limited
    • Advanced Monitored Caregiving, Inc.
    • Asahi Kasei Corporation

In the News

  • May 18, 2022: Cerner to merge its path with Elligo Health Research and Freenome to begin the clinical trial (Learning Health Network) for providing necessary aid in early cancer detection.
  • April 22, 2022: Teladoc Health becomes partner with Northwell Health to modify the Wide Virtual Care System to facilitate connected virtual care.

Author Credits:  Radhika Pawar


  • Report ID: 84
  • Published Date: Sep 30, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Higher demand for physicians, the growing geriatric population, and the rising prevalence of chronic diseases are the major factors driving the growth of the telemedicine market.

The market is anticipated to attain a CAGR of ~30% over the forecast period, i.e., 2022 - 2031.

The possibility of healthcare fraud is estimated to hamper market growth.

North America region will provide more business opportunities for growth of the telemedicine market in the future on the back of growing prevalence of chronic diseases.

The major players in the market are ClearArch, Inc., Koninklijke Philips N.V., Medtronic plc, Cerner Corporation, Teladoc Health, Inc., Cisco Systems, Inc., Medvivo Group Limited, Advanced Monitored Caregiving, Inc., and others.
Telemedicine Market Report Scope
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