Telemedicine Market

Segmentation by Type (Software, Hardware Services, and Others); by Delivery Type (Cloud-Based, and On-Premise); by Modality (Asynchronous, Synchronous, and Others); by Application (Teleconsultation, Teledermatology, TeleCU, Telepsychiatry, Telestroke, and Teleradiology); and by End-User (Healthcare, and Homecare Facilities) – Global Demand Analysis & Opportunity Outlook 2031

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Report ID: 84 | Published On: Feb 14, 2023
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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 Telemedicine Market Regional Synopsis

Regionally, the global 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 region is estimated to witness noteworthy growth over the forecast period 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.

Telemedicine Market Share Image

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

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of the Middle East and Africa) Market size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

Telemedicine market Growth Image
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Major Macro-Economic Indicators Impacting the Market Growth

New Healthcare Expenditure Graph

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Market Segmentation

Our in-depth analysis of the global telemedicine 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

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


  • Possibility of Healthcare Fraudulent

New Healthcare Expenditure Graph
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Top Featured Companies Dominating the Market

    • 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

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the telemedicine market?

Ans: 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.

2) What would be the CAGR of telemedicine market over the forecast period?

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

3) What are the challenges affecting the telemedicine market growth?

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

4) Which region will provide more business opportunities for growth of telemedicine market in future?

Ans: 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.

5) Who are the major players dominating the telemedicine market?

Ans: 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.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the telemedicine market?

Ans: The market is segmented by type, delivery type, modality, application, by end-user, and by region.

8) Which sub-segment captures the largest market size in the delivery type segment in the telemedicine market?

Ans: The cloud-based segment is anticipated to hold the largest market size in value over the forecast period and display significant growth opportunities.

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