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Market Research Report

Global Markets for Telemedicine Technologies

Published by BCC Research Product code 233482
Published Content info 55 Pages
Delivery time: 1-2 business days
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Global Markets for Telemedicine Technologies
Published: May 30, 2018 Content info: 55 Pages

The global telemedicine market totaled $31.2 billion in 2018 and is estimated to reach $72.5 billion by 2023, growing at a compound annual growth rate (CAGR) of 18.3% for the period of 2018-2023.

Report Includes

  • 24 data tables and 26 additional tables
  • An overview of the global telemedicine market
  • Country specific data and analysis for United States, Canada, Mexico, UK, France, Germany, China, India, Japan, Brazil, South Africa and GCC Countries
  • Detailed description of telemedicine hardware providers, software providers, telecom and networking companies, healthcare companies, and health insurance providers
  • Evaluation of the potential role of telemedicine to improve collaborative healthcare status
  • Identification of new technological developments and latest business trends developing in the telemedicine market
  • Comprehensive company profiles of key players in the market, including IBM Corp., Medtronic Inc., Siemens Healthcare, Agfa HealthCare NV and BioTelemetry Inc.

Report Scope

Telemedicine involves two-way communication between healthcare providers and their patients using audio and/or video technology. It is defined as exchange of medical information from one site to another through electronic communications. This report analyzes the market trends of telemedicine technologies with data from 2016, estimates from 2017 and projections of compound annual growth rates through 2022 (forecast period 2017 - 2022), as well as regional markets for telemedicine.

The markets in this report have been segmented based on type, products, services, clinical applications and geography. The type segment in this report covers telehospital/teleclinics and telehome. The product types covered in this report include hardware and software, as well as telecommunications, networks and connectivity. The hardware segment is further divided into home care hardware and telehospital/teleclinic hardware. Home care hardware covers monitoring and diagnostic equipment. Telehospital/teleclinic hardware includes videoconferencing units and store-and-forward units (such as teleimaging equipment and pathological units). The software segment is further divided into clinical outcome practice evaluators, e-prescriptions, diagnostic software and electronic health records. Based on service type, the markets in this report are divided into teleconsultation, telemonitoring, tele-education, telecare, teletraining and telesurgery. Telemedicine clinical applications cover therapeutic areas such as radiology, cardiology, psychiatry, pathology, neurology, dermatology, orthopedics, emergency care and gynecology, as well as end-user applications like hospitals, clinics and home care.

The research uncovers many paradigms shifts in the studied market in terms of regional competitive advantage, competitive landscape among the key players in the telemedicine industry and market dynamics. A holistic study of the market has been carried out by incorporating factors needed to analyze future trends, including country-specific demographic conditions, business cycles and market-specific microeconomic influences. The report provides a comprehensive review of market drivers, restraints, opportunities and available patents. Key vendor analysis and new products and developments with financials are also provided to enable easy decision-making.

Analyst Credentials

Led by Research Head Karthik Arun, the BCC Research Staff is comprised of expert analysts skilled in conducting primary research, secondary research and data analysis and who have decades of combined experience covering a wide range of industries, including healthcare, advanced materials and emerging technologies. Collectively, the team represents a diverse set of educational achievements with individual graduate work completed in microbiology, electrical engineering, business administration and surgery, among other fields.

Table of Contents
Product Code: HLC014J

Table of Contents

Chapter 1: Introduction

  • Study Goals and Objectives
  • Reasons for Doing This Study
  • Scope of Report
  • Methodology
  • Geographic Breakdown
  • Analyst's Credentials
  • Related BCC Research Reports

Chapter 2: Summary and Highlights

Chapter 3: Telemedicine Overview

  • Introduction to Telemedicine
  • Factors Driving the Telemedicine Market
    • Low Cost/Need for Affordable Treatment Options with Better Clinical Outcomes
    • Rising Elderly Population
    • Increasing Prevalence of Chronic Diseases
    • Dearth of Skilled Healthcare Personnel and Increasing Workload
    • Increasing Healthcare Spending
    • Growing Trends Towards Home Healthcare
    • Increasing Preference for Remote Patient Monitoring
    • Rapid Advancements
    • Growing Adoption of Digital Health Platforms
    • Improved Technology Infrastructure
    • Increasing Acceptance of Telemedicine by Patients
    • Increasing Focus of Companies on Telemedicine as Key Differentiator
    • Entry of Tier I Players Expanding Market Scope
  • Factors Restraining Telemedicine Market
    • Perceived High Operating Cost
    • Technical Issues
    • Availability of Telecommunications Bandwidth
    • Lack of Market Awareness
    • Legal and Regulatory Issues
    • Coverage and Reimbursement
    • Training and Accreditation
    • Standards
  • Telemedicine Technologies
    • Integrated Telemedicine
    • Reliable and Effective Telemedicine Technologies
    • IP-based Converged Networks in Telemedicine
    • Web-based and Wireless-based Distribution
    • Use of Both Multi-purpose and Therapy-based Equipment
    • Increasing Speed and Reliability of Data Transfer
    • Increased Use of Wireless Technologies
    • Launching More User-Friendly Technology
    • Using More Computer-based Diagnostics
  • Telemedicine Services
    • Telemedicine Facility Management Services
    • Telemedicine Services Supporting E-health
    • Telemedicine Services Supporting Home Care
    • Interoperable Telemedicine Network Services
    • Telemedicine Virtual Network Providers Services
    • Mobile Emergency Services
    • Interface Between Primary and Secondary Care
    • Primary Care Kiosk-based Services
    • Telenursing Services
    • 24/7 Telemedicine Call Center Services
    • Support for Outsourced Medical Services
    • Telemedicine Services for Disease Management
    • Telehealth Education

Chapter 4: Market Breakdown by Type

  • Telehospitals/Teleclinics
  • Telehome

Chapter 5: Market Breakdown by Technology

  • Hardware
    • Home Care Hardware
    • Telehospital/Clinic Hardware
  • Software
    • Clinical Outcome Practice Evaluator
    • E-prescription
    • Diagnostic Software
    • Electronic Health Records
  • Telecom/Network and Connectivity

Chapter 6: Telemedicine Services Market

  • Teleconsultation
  • Telemonitoring
  • Tele-education
    • Audio Technologies
    • Video Technologies
    • Computer-assisted Learning Technologies
  • Telecare
  • Teletraining
  • Telesurgery

Chapter 7: Telemedicine Clinical Applications

  • By Therapeutic Area
  • Teleradiology
    • Recent Developments
    • Teleradiology Market Size
  • Telecardiology
    • Telecardiology Trends
    • Market Drivers
    • Telecardiology Market Size
  • Telepathology
    • Recent Trends
    • Telepathology Market Size
  • Telepsychiatry
    • Telepsychiatry Market Size
  • Teledermatology
    • Teledermatology Services
    • Teledermatology Market Size
  • Teleneurology
  • Teleorthopedics
  • Tele-emergency Care
  • Others
    • Teleophthalmology
    • Telenephrology
    • Teleobstetrics
    • Teleoncology
    • Telerehabilitation
  • By End-users
    • Hospitals
    • Clinics
    • Home (Patients)

Chapter 8: Market Breakdown by Region

  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Spain and Portugal
    • Scandinavia
    • Benelux
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia and New Zealand
    • South Korea
  • Middle East and Africa
    • Gulf Cooperation Council Countries
    • South Africa
    • Rest of MEA
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Chapter 9: Patent Review and New Developments

  • Patent Review by Major Players
  • Patent Review by Other Players

Chapter 10: Competitive Landscape

  • Major Players and Market Share Analysis
  • Mergers and Acquisitions
  • New Product Launches
  • Agreements, Collaborations, and Partnerships

Chapter 11: Analysis of Market Opportunities

  • PEST Analysis
    • Political
    • Economic
    • Social
    • Technological
  • Telemedicine Business Models
    • Risk and Reward Sharing Model
    • Joint Operating Model
    • Facilitator Model
    • Integrator Model
    • Subscription-Based Service Provider Model
    • Pay as You Go
    • Shared Model

Chapter 12: Stakeholders: Opportunities Analysis

  • Tier I Players
    • Tier I Players Consolidating in the Telemedicine Market to Win the Lion's Share of the Future EHealthcare Market
    • Healthcare and Health Information Providers
  • Hospitals Will Use Telemedicine as a Key Differentiator
    • Rural Hospitals Will Not Lose Revenues
    • Annual Healthcare Management Programs for Patients; Nonpatients and Families on Multiple Business Models
    • Specialists, General Practitioners and Healthcare Companies from Low-Cost Countries Will See a Greater Demand for Outsourced Medical Healthcare Services
    • Telemedicine Will be a Key Interface Between Primary and Secondary Care
    • Healthcare Companies view Telemedicine as a Tool to Cut Healthcare Costs
    • More Physicians Accepting E-Visits
    • Disease Management Companies Expanding Telemedicine Network Beyond U.S.
    • Pharmacy Chains Expanding Telehealth Offerings
    • Health Information Providers Eyeing Telehealth Space
  • Telecom and Network Players
    • Telecom and Networking Companies are Actively Participating in the Delivery of Global Telemedicine
    • Services
    • Telecom Companies Supporting IP-Based High-Speed Data Transfer Networks
    • Telecom Companies Partnering with Disease Management Companies
  • Telemedicine Hardware Suppliers
    • Sales of More Reliable Portable Telemedicine Equipment Capturing Multiple Clinical Signals are
    • Expected to Grow
    • Integrated Telemedicine is the Future of the Telemedicine Market
    • Subscription-Based Models Will Lead Other Telemedicine Models
    • Wireless Wearable Devices Will Find Increasing Application in Telemedicine
    • Teleradiology, Telecardiology, Telepathology And Telepsychiatry Will Be the Top Four Applications
  • Telemedicine Software Providers
    • Software Companies Support Integrated Telemedicine with Open-End Architecture
  • Telemedicine Integrators: Telehome and Telehospital
    • Telemedicine Integrators to Tap into Families Ready to Spend for Convenience of Primary Healthcare

Telemedicine Plans for Multiple Distribution Channels

Chapter 13: Company Profiles

  • Telemedicine Hardware Suppliers
  • Telemedicine Software Providers
  • Videoconferencing Companies
  • Telecom Players
  • Telemedicine Integrators
  • Hospitals

About BCC Research

  • About BCC Research
  • BCC Membership
  • BCC Custom Research

List of Tables

  • Summary Table Global Telemedicine Market, by Region, Through 2023 ($ Millions)
  • Table 1 Global Trends in Population Growth of People Aged 60+ Years, 1980-2020 (Millions)
  • Table 2 Treatment Cost of Chronic Diseases in United States, 2016 ($ Billions)
  • Table 3 Total Healthcare Spending in U.S., by Services, 2015
  • Table 4 Healthcare Expenditures Per Capita Around the World, by Country, 2013 ($ Millions)
  • Table 5 CMS Budget Overview, by Current Law, 2016-2018
  • Table 6 Global Telemedicine Market, by Type, Through 2023 ($ Millions)
  • Table 7 Global Telemedicine Market, by Technology, Through 2023 ($ Millions)
  • Table 8 Global Telemedicine Hardware Market, by Type, Through 2023 ($ Millions)
  • Table 9 Global Telemedicine Hardware Market, by Region, Through 2023 ($ Millions)
  • Table 10 Global Telemedicine Telehospital/Clinic Hardware Market, by Type, Through 2023 ($ Millions)
  • Table 11 Global Telemedicine Software Market, by Region, Through 2023 ($ Millions)
  • Table 12 Global Telemedicine Telecom/Network and Connectivity Market, by Region, Through 2023 ($ Millions)
  • Table 13 Global Telemedicine Market, by Service Type, Through 2023 ($ Millions)
  • Table 14 Perceived Utility of Teleconsultations, by Specialty
  • Table 15 Organizational Benefits, Barriers and Control Improvement, by Teleconsultations Items
  • Table 16 Global Telemedicine Market, by Therapeutic Area, Through 2023 ($ Millions)
  • Table 17 Global Telemedicine Market, by Region, Through 2023 ($ Millions)
  • Table 18 North America Telemedicine Market, by Country, Through 2023 ($ Millions)
  • Table 19 Europe Telemedicine Market, by Country, Through 2023 ($ Millions)
  • Table 20 E-health Expenditure Trends in Italy,2016-2020
  • Table 21 Asia-Pacific Telemedicine Market, by Country, Through 2023 ($ Millions)
  • Table 22 Middle East and Africa Telemedicine Market, by Country, Through 2023 ($ Millions)
  • Table 23 Development of Telehealth Activities in the South American Countries
  • Table 24 South America Telemedicine Market, by Country, Through 2023 ($ Millions)
  • Table 25 Patent Review by Major Players, July 2016-February 2018
  • Table 26 Patent Review by Other Players, June 2016-March 2018
  • Table 27 Mergers and Acquisitions, April 2016-December 2017
  • Table 28 New Product Launches, June 2016-April 2017
  • Table 29 Agreements, Collaborations and Partnerships, March 2017-March2018
  • Table 30 Aerotel Medical Systems Products and Services
  • Table 31 IBM Financials, 2016-2017 ($ Millions)
  • Table 32 IBM Products and Services
  • Table 33 Intouch Technologies Products and Services
  • Table 34 Medical International Research Products and Services
  • Table 35 Medtronic Financials, 2016-2017 ($ Millions)
  • Table 36 Medtronic Products and Services
  • Table 37 Medtronic Operating Segments
  • Table 38 3M Health Information Systems Products and Services
  • Table 39 3M Healthcare Revenue, 2016-2017 ($ Millions)
  • Table 40 Allscripts Products and Services
  • Table 41 Allscripts Financials, 2016-2017 (Thousands)
  • Table 42 Polycom Services
  • Table 43 Polycom Products
  • Table 44 AMD Telemedicine, Inc.Products and Services
  • Table 45 AMD Telemedicine, Inc.Financials, 2016-2017 ($ Millions)
  • Table 46 Honeywell Products and Services
  • Table 47 LifeWatch AG Products and Services
  • Table 48 SHL Telemedicine Financials, 2016-2017 ($ Millions)
  • Table 49 SHL Telemedicine Products and Services

List of Figures

  • Summary Figure Global Telemedicine Market, by Region, 2017-2023 ($ Millions)
  • Figure 1 Population Aged 65 and Above in G7 Countries, 2016 (%)
  • Figure 2 Some of the Barriers to Global Telemedicine Market, by Type (%)
  • Figure 3 Telemedicine Network, by Segment
  • Figure 4 Telehospital/Teleclinics Service
  • Figure 5 Telehospital Services Classification, by Type
  • Figure 6 mHealth Applications
  • Figure 7 Share of Medical Fields in Adult and Pediatric Group for Teleconsultation (%)
  • Figure 8 North America Telemedicine Market, 2017-2023 ($ Millions)
  • Figure 9 Europe Telemedicine Market, 2017-2023 ($ Millions)
  • Figure 10 Asia-Pacific Telemedicine Market, 2017-2023 ($ Millions)
  • Figure 11 Middle East and Africa Telemedicine Market, 2017-2023 ($ Millions)
  • Figure 12 South America Telemedicine Market, 2017-2023 ($ Millions)
  • Figure 13 Global Market Share of Key Players in Telemedicine Industry (%)
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