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PUBLISHER: IMARC | PRODUCT CODE: 1370593
PUBLISHER: IMARC | PRODUCT CODE: 1370593
Telemedicine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
Market Overview:
The global telemedicine market size reached US$ 59.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 218.0 Billion by 2028, exhibiting a growth rate (CAGR) of 21.9% during 2023-2028.
Telemedicine is the remote delivery of healthcare services, such as consultations or assessments, via telephone networks without the requirement for an in-person visit. There are several components to a telemedicine system, such as hardware, software, and a communication channel, that allow information to be exchanged between two geographical locations. Using telecommunication infrastructures, remote delivery of healthcare services can be performed efficiently. In addition to this, follow-up visits, management of chronic conditions, medication management, and specialist consultations can also be managed via text, audio and video conferences. Remote access to physicians not only makes it easier for patients to connect with them, but it can also help reduce overall healthcare costs. As a result, medical practitioners and hospitals alike are looking forward to implementing digital health technologies in their practices.
Telemedicine Market Trends:
The market is majorly driven by the rapid digitization in the medical sector across the globe. This can be attributed to continual technological advancements for making healthcare affordable and accessible to the masses. In addition to this, the integration of advanced technologies, such as machine learning (ML), artificial intelligence (AI), and the Internet of Things (IoT), is resulting in a higher product uptake on the global level. The proliferation of e-visits, along with the rapid expansion of radiology, cardiology, and mental health segments, is resulting in the development of new business and healthcare models, thereby propelling the market. Apart from this, the rising prevalence of chronic diseases, including diabetes and cancer, as well as a lack of adequate healthcare services in underdeveloped regions, is increasing the demand for telemedicine across the globe. Some of the other factors contributing to the market include continuous postponement and cancellation of elective surgeries and appointments due to social distancing norms during COVID-19, fierce market competition among key players, the launch of numerous innovative products, such as smart medicine cabinets, and extensive research and development (R&D) activities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global telemedicine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, modality, delivery mode, facility, application and end user.
Breakup by Component:
Product
Hardware
Software
Others
Services
Tele-consulting
Tele-monitoring
Tele-education
Breakup by Modality:
Real-time
Store and Forward
Others
Breakup by Delivery Mode:
Web/Mobile
Audio/Text-based
Visualized
Call Centers
Breakup by Facility:
Tele-hospital
Tele-home
Breakup by Application:
Teledermatology
Teleradiology
Telepsychiatry
Telepathology
Telecardiology
Others
Breakup by End User:
Providers
Payers
Patients
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aerotel Medical Systems (1998) Ltd., Allscripts Healthcare Solutions Inc., AMD Global Telemedicine Inc., American Well Corporation, Cigna Corporation, Cisco Systems Inc., Doxy.me Inc., HealthTap Inc., PlushCare Inc. (Accolade Inc.), SHL Telemedicine, SOC Telemed Inc. (Patient Square Capital), Teladoc Health Inc. and Twilio Inc.
Key Questions Answered in This Report
- 1. What was the size of the global telemedicine market in 2022?
- 2. What is the expected growth rate of the global telemedicine market during 2023-2028?
- 3. What are the key factors driving the global telemedicine market?
- 4. What has been the impact of COVID-19 on the global telemedicine market?
- 5. What is the breakup of the global telemedicine market based on the component?
- 6. What is the breakup of the global telemedicine market based on the modality?
- 7. What is the breakup of the global telemedicine market based on delivery mode?
- 8. What is the breakup of the global telemedicine market based on the facility?
- 9. What is the breakup of the global telemedicine market based on the application?
- 10. What are the key regions in the global telemedicine market?
- 11. Who are the key players/companies in the global telemedicine market?
Product Code: SR112023A6523
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Telemedicine Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Product
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Hardware
- 6.1.2.2 Software
- 6.1.2.3 Others
- 6.1.3 Market Forecast
- 6.2 Services
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Tele-consulting
- 6.2.2.2 Tele-monitoring
- 6.2.2.3 Tele-education
- 6.2.3 Market Forecast
7 Market Breakup by Modality
- 7.1 Real-time
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Store and Forward
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Delivery Mode
- 8.1 Web/Mobile
- 8.1.1 Market Trends
- 8.1.2 Key Segments
- 8.1.2.1 Audio/Text-based
- 8.1.2.2 Visualized
- 8.1.3 Market Forecast
- 8.2 Call Centers
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Facility
- 9.1 Tele-hospital
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Tele-home
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Application
- 10.1 Teledermatology
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Teleradiology
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Telepsychiatry
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Telepathology
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Telecardiology
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
- 10.6 Others
- 10.6.1 Market Trends
- 10.6.2 Market Forecast
11 Market Breakup by End User
- 11.1 Providers
- 11.1.1 Market Trends
- 11.1.2 Market Forecast
- 11.2 Payers
- 11.2.1 Market Trends
- 11.2.2 Market Forecast
- 11.3 Patients
- 11.3.1 Market Trends
- 11.3.2 Market Forecast
- 11.4 Others
- 11.4.1 Market Trends
- 11.4.2 Market Forecast
12 Market Breakup by Region
- 12.1 North America
- 12.1.1 United States
- 12.1.1.1 Market Trends
- 12.1.1.2 Market Forecast
- 12.1.2 Canada
- 12.1.2.1 Market Trends
- 12.1.2.2 Market Forecast
- 12.1.1 United States
- 12.2 Asia-Pacific
- 12.2.1 China
- 12.2.1.1 Market Trends
- 12.2.1.2 Market Forecast
- 12.2.2 Japan
- 12.2.2.1 Market Trends
- 12.2.2.2 Market Forecast
- 12.2.3 India
- 12.2.3.1 Market Trends
- 12.2.3.2 Market Forecast
- 12.2.4 South Korea
- 12.2.4.1 Market Trends
- 12.2.4.2 Market Forecast
- 12.2.5 Australia
- 12.2.5.1 Market Trends
- 12.2.5.2 Market Forecast
- 12.2.6 Indonesia
- 12.2.6.1 Market Trends
- 12.2.6.2 Market Forecast
- 12.2.7 Others
- 12.2.7.1 Market Trends
- 12.2.7.2 Market Forecast
- 12.2.1 China
- 12.3 Europe
- 12.3.1 Germany
- 12.3.1.1 Market Trends
- 12.3.1.2 Market Forecast
- 12.3.2 France
- 12.3.2.1 Market Trends
- 12.3.2.2 Market Forecast
- 12.3.3 United Kingdom
- 12.3.3.1 Market Trends
- 12.3.3.2 Market Forecast
- 12.3.4 Italy
- 12.3.4.1 Market Trends
- 12.3.4.2 Market Forecast
- 12.3.5 Spain
- 12.3.5.1 Market Trends
- 12.3.5.2 Market Forecast
- 12.3.6 Russia
- 12.3.6.1 Market Trends
- 12.3.6.2 Market Forecast
- 12.3.7 Others
- 12.3.7.1 Market Trends
- 12.3.7.2 Market Forecast
- 12.3.1 Germany
- 12.4 Latin America
- 12.4.1 Brazil
- 12.4.1.1 Market Trends
- 12.4.1.2 Market Forecast
- 12.4.2 Mexico
- 12.4.2.1 Market Trends
- 12.4.2.2 Market Forecast
- 12.4.3 Others
- 12.4.3.1 Market Trends
- 12.4.3.2 Market Forecast
- 12.4.1 Brazil
- 12.5 Middle East and Africa
- 12.5.1 Market Trends
- 12.5.2 Market Breakup by Country
- 12.5.3 Market Forecast
13 SWOT Analysis
- 13.1 Overview
- 13.2 Strengths
- 13.3 Weaknesses
- 13.4 Opportunities
- 13.5 Threats
14 Value Chain Analysis
15 Porters Five Forces Analysis
- 15.1 Overview
- 15.2 Bargaining Power of Buyers
- 15.3 Bargaining Power of Suppliers
- 15.4 Degree of Competition
- 15.5 Threat of New Entrants
- 15.6 Threat of Substitutes
16 Price Analysis
17 Competitive Landscape
- 17.1 Market Structure
- 17.2 Key Players
- 17.3 Profiles of Key Players
- 17.3.1 Aerotel Medical Systems (1998) Ltd.
- 17.3.1.1 Company Overview
- 17.3.1.2 Product Portfolio
- 17.3.2 Allscripts Healthcare Solutions Inc.
- 17.3.2.1 Company Overview
- 17.3.2.2 Product Portfolio
- 17.3.2.3 Financials
- 17.3.2.4 SWOT Analysis
- 17.3.3 AMD Global Telemedicine Inc.
- 17.3.3.1 Company Overview
- 17.3.3.2 Product Portfolio
- 17.3.4 American Well Corporation
- 17.3.4.1 Company Overview
- 17.3.4.2 Product Portfolio
- 17.3.4.3 Financials
- 17.3.5 Cigna Corporation
- 17.3.5.1 Company Overview
- 17.3.5.2 Product Portfolio
- 17.3.5.3 Financials
- 17.3.5.4 SWOT Analysis
- 17.3.6 Cisco Systems Inc.
- 17.3.6.1 Company Overview
- 17.3.6.2 Product Portfolio
- 17.3.6.3 Financials
- 17.3.6.4 SWOT Analysis
- 17.3.7 Doxy.me Inc.
- 17.3.7.1 Company Overview
- 17.3.7.2 Product Portfolio
- 17.3.8 HealthTap Inc.
- 17.3.8.1 Company Overview
- 17.3.8.2 Product Portfolio
- 17.3.9 PlushCare Inc. (Accolade Inc.)
- 17.3.9.1 Company Overview
- 17.3.9.2 Product Portfolio
- 17.3.10 SHL Telemedicine
- 17.3.10.1 Company Overview
- 17.3.10.2 Product Portfolio
- 17.3.11 SOC Telemed Inc. (Patient Square Capital)
- 17.3.11.1 Company Overview
- 17.3.11.2 Product Portfolio
- 17.3.12 Teladoc Health Inc.
- 17.3.12.1 Company Overview
- 17.3.12.2 Product Portfolio
- 17.3.12.3 Financials
- 17.3.13 Twilio Inc.
- 17.3.13.1 Company Overview
- 17.3.13.2 Product Portfolio
- 17.3.13.3 Financials
- 17.3.13.4 SWOT Analysis
- 17.3.1 Aerotel Medical Systems (1998) Ltd.
Product Code: SR112023A6523
List of Figures
- Figure 1: Global: Telemedicine Market: Major Drivers and Challenges
- Figure 2: Global: Telemedicine Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Telemedicine Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Telemedicine Market: Breakup by Component (in %), 2022
- Figure 5: Global: Telemedicine Market: Breakup by Modality (in %), 2022
- Figure 6: Global: Telemedicine Market: Breakup by Delivery Mode (in %), 2022
- Figure 7: Global: Telemedicine Market: Breakup by Facility (in %), 2022
- Figure 8: Global: Telemedicine Market: Breakup by Application (in %), 2022
- Figure 9: Global: Telemedicine Market: Breakup by End User (in %), 2022
- Figure 10: Global: Telemedicine Market: Breakup by Region (in %), 2022
- Figure 11: Global: Telemedicine (Product) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Telemedicine (Product) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Telemedicine (Services) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Telemedicine (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Telemedicine (Real-time) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Telemedicine (Real-time) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Telemedicine (Store and Forward) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Telemedicine (Store and Forward) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Telemedicine (Other Modalities) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Telemedicine (Other Modalities) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Telemedicine (Web/Mobile) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Telemedicine (Web/Mobile) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Telemedicine (Call Centers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Telemedicine (Call Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Telemedicine (Tele-hospital) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Telemedicine (Tele-hospital) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Telemedicine (Tele-home) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Telemedicine (Tele-home) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Telemedicine (Teledermatology) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Telemedicine (Teledermatology) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Global: Telemedicine (Teleradiology) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Global: Telemedicine (Teleradiology) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Global: Telemedicine (Telepsychiatry) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Global: Telemedicine (Telepsychiatry) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Global: Telemedicine (Telepathology) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Global: Telemedicine (Telepathology) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Global: Telemedicine (Telecardiology) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Global: Telemedicine (Telecardiology) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Global: Telemedicine (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Global: Telemedicine (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Global: Telemedicine (Providers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Global: Telemedicine (Providers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Global: Telemedicine (Payers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Global: Telemedicine (Payers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Global: Telemedicine (Patients) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Global: Telemedicine (Patients) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Global: Telemedicine (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Global: Telemedicine (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: North America: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: North America: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: United States: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: United States: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Canada: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Canada: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Asia-Pacific: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Asia-Pacific: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: China: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: China: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Japan: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Japan: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: India: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: India: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: South Korea: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: South Korea: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Australia: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Australia: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Indonesia: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Indonesia: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Others: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Others: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Europe: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Europe: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Germany: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Germany: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: France: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: France: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: United Kingdom: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: United Kingdom: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 79: Italy: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 80: Italy: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 81: Spain: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 82: Spain: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 83: Russia: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 84: Russia: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 85: Others: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 86: Others: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 87: Latin America: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 88: Latin America: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 89: Brazil: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 90: Brazil: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 91: Mexico: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 92: Mexico: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 93: Others: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 94: Others: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 95: Middle East and Africa: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
- Figure 96: Middle East and Africa: Telemedicine Market: Breakup by Country (in %), 2022
- Figure 97: Middle East and Africa: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 98: Global: Telemedicine Industry: SWOT Analysis
- Figure 99: Global: Telemedicine Industry: Value Chain Analysis
- Figure 100: Global: Telemedicine Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Telemedicine Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Telemedicine Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: Telemedicine Market Forecast: Breakup by Modality (in Million US$), 2023-2028
- Table 4: Global: Telemedicine Market Forecast: Breakup by Delivery Mode (in Million US$), 2023-2028
- Table 5: Global: Telemedicine Market Forecast: Breakup by Facility (in Million US$), 2023-2028
- Table 6: Global: Telemedicine Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 7: Global: Telemedicine Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 8: Global: Telemedicine Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 9: Global: Telemedicine Market: Competitive Structure
- Table 10: Global: Telemedicine Market: Key Players
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