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Global Telemedicine Market Analysis & Opportunity Outlook 2024

Published On : 06:24 AM, 7th August, 2018 REP-ID-84 Category: Healthcare

Telemedicine Market Overview

Telemedicine refers to use of telecommunication and information technology to provide clinical health care from a distance. Further, telemedicine has been used to overcome distance barriers and to improve access to medical services that would often not be consistently available in distant rural communities. Apart from this, telemedicine is used to save lives in critical care and emergency situations.

Market Size and Forecast

The global telemedicine market is anticipated to flourish at a CAGR of 14.8% over the forecast period i.e. 2017-2024. Further, the market of telemedicine was valued at USD 20.54 Billion in 2016 and is projected to garner USD 61.99 Billion by the end of 2024. Factor such as, rising emergency medical incidents and ageing world population is anticipated to drive the growth of the global telemedicine market over the forecast period.

Geographically, North America is anticipated to account for a significant portion of market share in the overall market of global telemedicine over the forecast period. Further, factor such as presence of refined medical services and high patient alertness is expected to increase the growth of North America telemedicine market during the forecast period. Moreover, U.S. is expected to be the largest telemedicine market in North America over the forecast period.

telemedicine market

Europe telemedicine market is expected to witness substantial growth over the forecast period. Factor such as, rising cost of healthcare and rising prevalence of chronic diseases is anticipated to drive the growth of telemedicine market in Europe in the upcoming years. Asia-Pacific is poised to record the fastest growth over the global telemedicine market over the forecast period. Factor such as, increase in population and improving access to healthcare in some of the major countries such as India, China, Japan is anticipated to drive the growth of the telemedicine in Asia Pacific during the forecast period.

Based on type, telemedicine market is segmented into, telehospitals/teleclinics, telehome and m-health (mobile health), out of which, telehospitals/teleclinics segment is expected to dominate the growth of the global telemedicine market during the forecast period.

Market Segmentation

Our in-depth analysis has segmented global telemedicine market into the following segments:

By Type

  • Telehospitals/Teleclinics
  • Telehome
  • M-Health (Mobile Health)

By Specialty

  • Cardiology
  • Dermatology
  • Neurology
  • Orthopedics
  • Emergency Care
  • Gynecology
  • Others

By End User

  • Hospitals
  • Clinics
  • Patients
  • Others

By Technology

  • Hardware
  • Software
  • Telecommunication

By Region

Global telemedicine market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Russia, Turkey, BENELUX, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Australia, New Zealand, Malaysia & Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and North Africa (GCC, Israel, North Africa, South Africa & Rest of Middle East) Market Size and Y-O-Y Growth Analysis

Growth Drivers and Challenges

Factor such as, increasing technological innovation in the field of medical device and services across the globe are anticipated to intensify the growth of the global telemedicine market during the forecast period. In addition, rising geriatric population coupled with rising prevalence of chronic diseases is estimated to positively drive the growth of the telemedicine market over the forecast period. 

Apart from this, increasing government funding and grants for telemedicine is anticipated to be the dynamic factor behind the growth of the telemedicine market. Further, the need for improved healthcare quality service and increasing number of smartphone users is expected to supplement the growth of the global telemedicine market over the forecast period.

However, availability of telecommunication bandwidth and lack of skilled and trained professionals are some of the key factors which are expected to limit the growth of global telemedicine market over the forecast period.

Key Players

  • Honeywell Life Care Solutions
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Teladoc Inc.
  • AMD Global Telemedicine Inc.
  • Doctor On Demand
  • Intouch Technologies
  • Lifewatch
  • Biotelemetry Inc.
  • Cardiocom
  • Aerotel Medical Systems
  • Allscripts Healthcare Solutions

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global telemedicine market is segmented as follows:

  • By Type Market Size & Y-O-Y Growth Analysis
  • By Specialty Market Size & Y-O-Y Growth Analysis
  • By End User Market Size & Y-O-Y Growth Analysis
  • By Technology Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

key Answers

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

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