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Telemedicine Market – Latest Trends 2021: Global Industry Size and Challenges, Business Growth Insights, Competitive Landscape and Regional Forecast to 2024

Telemedicine

This “Telemedicine Market” report provides a thorough analysis of estimating market size and current trends of industry. The report evaluates the important characteristics of the market development status, upcoming opportunities, and growth rate. The research study diminishes the risks involved in making decisions as well as strategies for companies and individuals interested in the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry.

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Market Overview:

  • The global telemedicine market was valued at USD 38,046 million in 2018, and it is estimated to be valued at USD 103,897.77 million in 2024, witnessing a CAGR of 18.23%. Certain factors that are driving the market growth include increasing medicare reimbursement for telehealth services, increasing prevalence of chronic diseases, and technological innovation in communication technology across the world
  • Medicine these days is increasingly dependent on technology. The use of technology to transfer large amounts of digital information effortlessly at a relatively low cost is possible through telemedicine. With telemedicine, healthcare experts can listen to a patient’s heart remotely, look at and operate an electrocardiogram (ECG), X-rays, computed tomography (CT) scans, and other imaging data, obtained from several hundred miles away.
  • Many innovative strategies have provided consumers with insights into their own health. Recent advancements in the use of sensor technology and data capture have created opportunities for patients to conduct their own home-health check. The equipment to support telemedicine can be accessed using everyday technology, such as tablets, mobiles, and laptops. Hence, these technological innovations are driving the telemedicine market.

    Telemedicine Market Covers Manufacturers:

  • Aerotel Medical Systems
  • AMD Global Telemedicine Inc.
  • BioTelemetry
  • Honeywell Life Care Solutions
  • InTouch Technologies Inc.
  • Medtronic
  • Philips
  • SHL Telemedicine Ltd
  • Allscripts Healthcare Solutions Inc.

    Scope of the Report:

    As per the , telemedicine services and systems have made the most progress in remote management of post-acute care patients with chronic conditions. Telemedicine is the remote delivery of healthcare services, such as consultations over the telecommunication or teleconference, which allows healthcare professionals to evaluate, diagnose, and treat patients.

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    Some of the Key Questions Answered in this Report:

    • Detailed Overview of Telemedicine Market will help deliver clients and businesses making strategies.
    • Influencing growth factors that are thriving demand and latest trends running in the market.
    • Telemedicine Market forecast for global market split into segments like region, product, applications, end-user, technology, etc.
    • What trends, challenges and barriers will impact the development and sizing of the Global Telemedicine Market?
    • SWOT Analysis of each defined key player along with its profile and Porter’s five forces analysis to complement the same.
    • What is the Telemedicine Market growth momentum or market carries during the forecast period?
    • Which region may tap the highest market share in the coming era?
    • Which application/end-user category or Product Type may seek incremental growth prospects?
    • What focused approach and constraints are holding the Telemedicine Market demand?

    Key Market Trends:

    On-premise Delivery is Expected to Dominate the Telemedicine Market

    The on-premise delivery segment of the telemedicine market is believed to have largest market size and is expected to witness a CAGR of 16.7% during the forecast period.

    Along with that, telecardiology, a sub-segment of clinical service, is expected to have the largest market size during the forecast period and is expected to register a CAGR of 18.4%. Telecardiology is gradually started to increase in emerging markets. It provides all kinds of cardiac investigations, like basic lipid profile (cholesterol levels), electrocardiogram (ECG), echocardiogram (ECHO), coronary angiogram, Holter monitor (24 Hours ambulatory ECG monitoring), stress echo, pediatric echo, treadmill testing (TMT), carotid ultrasounds, etc.

    Apart from reaching to patients directly, telecardiology services are useful in improving the efficiency in cardiac units of hospitals and medical imaging practices. With the number of cardiac patients increasing every day, remote monitoring helps in cost saving, up to around 50%, including improved patient satisfaction and quality of life, when compared to traditional outpatient care.

    North America is Expected to Dominate the Market

    North America currently dominates the market for telemedicine and is expected to continue its stronghold for a few more years. This region is expected to increase its market share in the future, owing to the increased adoption of telemedicine and rising demand for mobile health services. The United States holds the majority of the market in the North American region, due to the involvement of accountable care organizations (ACOs) in both medicare and privately insured services. In addition, there is a rise in per capita health expenditure in the country, which is expected to increase over the forecast period, owing to decrease in the unemployment rate.

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    Target Audience of Telemedicine Market:

    • Manufacturer / Potential Investors
    • Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
    • Association and government bodies.

    Key Reasons to Telemedicine Market Report:

    • Analysing various perspectives of the Telemedicine market with the help of Porter’s five forces analysis
    • The End User that is expected to dominate the Telemedicine market is analyzed in detail
    • The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Telemedicine market.
    • Identify the latest developments, market shares and strategies employed by the major market players.
    • Regional analysis of Telemedicine market studied, during the forecast period
    • The segments that are expected to dominate the Telemedicine market studied.

    Detailed TOC of Telemedicine Market Report 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Prevalence of Chronic Diseases
    4.2.2 Growing Medicare Reimbursement for Telehealth Services
    4.2.3 Technological Innovation in Communication Technology
    4.3 Market Restraints
    4.3.1 Privacy and Security Concerns in Telehealth
    4.3.2 Lack of Interoperability Between eHealth Solutions
    4.3.3 Inadequate or Fragmented Legal Frameworks Including the Lack of Reimbursement Schemes for eHealth Services
    4.4 Industry Attractiveness of Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Type
    5.1.1 Telehospitals
    5.1.2 Telehomes
    5.1.3 mHealth (Mobile Health)
    5.2 By Clinical Service
    5.2.1 Teleconsultation
    5.2.2 Telepathology
    5.2.3 Telecardiology
    5.2.4 Telesurgery
    5.2.5 Teleradiology
    5.2.6 Teledermatology
    5.2.7 Telepsychiatry
    5.2.8 Other Clinical Services
    5.3 By Technology
    5.3.1 Hardware
    5.3.2 Software
    5.3.3 Telecom
    5.4 By Mode of Delivery
    5.4.1 On-premise Delivery
    5.4.2 Cloud-based Delivery
    5.5 Geography
    5.5.1 North America
    5.5.1.1 United States
    5.5.1.2 Canada
    5.5.1.3 Mexico
    5.5.2 Europe
    5.5.2.1 United Kingdom
    5.5.2.2 Germany
    5.5.2.3 France
    5.5.2.4 Italy
    5.5.2.5 Spain
    5.5.2.6 Rest of Europe
    5.5.3 Asia-Pacific
    5.5.3.1 China
    5.5.3.2 Japan
    5.5.3.3 India
    5.5.3.4 Australia
    5.5.3.5 South Korea
    5.5.3.6 Rest of Asia-Pacific
    5.5.4 Middle East & Africa
    5.5.4.1 GCC
    5.5.4.2 South Africa
    5.5.4.3 Rest of Middle East & Africa
    5.5.5 South America
    5.5.5.1 Brazil
    5.5.5.2 Argentina
    5.5.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Aerotel Medical Systems
    6.1.2 AMD Global Telemedicine Inc.
    6.1.3 BioTelemetry
    6.1.4 Honeywell Life Care Solutions
    6.1.5 InTouch Technologies Inc.
    6.1.6 Medtronic
    6.1.7 Philips
    6.1.8 SHL Telemedicine Ltd
    6.1.9 Allscripts Healthcare Solutions Inc.

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

    For Detailed TOC Click Here

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