Global Telemedicine Market, By Service Type (Tele-consulting, Tele-monitoring, Tele-education/training), Component (Software & Services and Hardware), Deployment, End User, and Region - Industry Analysis and Forecast to 2025.
The global Telemedicine market is expected to grow from USD 44.52 billion in 2020 to USD 57.35 billion by 2025 at a CAGR of 15.9%
This market research report provides an in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global telemedicine market. The historic years considered for the study are 2016-2018, base year is 2019, estimated year is 2020, and forecast period is 2021-2025.
Key players operating in the global Telemedicine market are AMD Global Telemedicine, Inc., CardioNet, CareClix, Cerner Corporation, Cisco, GENERAL ELECTRIC, IBM Corporation, Intel Corporation, Iris Telehealth, Koninklijke Philips N.V., Medtronic, SHL Telemedicine, TeleVital, Aerotel Medical Systems, Allscripts Healthcare Solutions, Cardiocom, Honeywell Lifesciences, Tunstall Healthcare, Care Innovations, Medvivo Group Ltd., Aerotel Medical Systems Ltd.
Market Definition
Telemedicine can be referred as treating and caring for patients remotely, while both the healthcare provider and patient are not interacting physically. The service is offered through online website or applications.
Impact of COVID-19
The unpredicted outbreak of coronavirus globally is expanding the use of telemedicine as it helps the caregiver and patient communicate efficiently during this pandemic situation. Telemedicine is considered as safe, providing a better consultation experience following social distancing norms and is highly recommended by the World Health Organization (WHO).
Market Drivers
• Lesser hospital visits.
Market Restraints
• Higher implementation cost
Market Challenges
• Privacy and data breech concerns
Critical Questions Answered in the Report
What are the key trends in the global Telemedicine market?
How the market (and its various sub segments) has grown in last four years and what would be the growth rate in next five years?
What are the key strategies adopted by the major vendors to lead in the global Telemedicine market?
What is the market share of the top vendors?
The study extensively uses both secondary and primary research methodologies. More than 100 industry experts from different phases of the value chain (supply side, demand side, resellers/distributors, and independent consultants) were interviewed to gain key insights about the market and validate the research findings. Secondary sources referred for the research study include company websites, annual reports, paid database tools, investor presentations, webinars, blogs, news/journals, whitepapers, survey papers, associations, and government websites. All the collected data and insights were then processed using our proprietary data mining software that executes various algorithms to make projections for the forecast period.
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Architecture
2.3 Scope of the Study
2.4 Related Stakeholders
3 Research Methodology
3.1 Introduction
3.2 Primary Research
3.2.1 Key Insights
3.2.2 Breakdown of Primary Interviews
3.3 Secondary Research
3.3.1 Important Sources
3.4 Market Size Estimation Approaches
3.4.1 Top-Down Approach
3.4.2 Bottom-Up Approach
3.4.3 Data Triangulation
3.5 List of Assumptions
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Lesser hospital visits
4.3 Restraints
4.3.1 Higher implementation cost
4.4 Challenges
4.4.1 Privacy and data breech concerns
4.5 Porter's Five Forces Model Analysis
4.6 Value Chain Analysis
4.7 Regulatory Landscape
5 Global Telemedicine Market, By Service Type
5.1 Introduction
5.2 Tele-consulting
5.3 Tele-monitoring
5.4 Tele-education/training
6 Global Telemedicine Market, By Component
6.1 Introduction
6.2 Software
6.3 Hardware
7 Global Telemedicine Market, By Deployment
7.1 Introduction
7.2 Cloud-Based
7.3 On-Premises
8 Global Telemedicine Market, By End Users
8.1 Introduction
8.2 Hospitals
8.3 Clinics
8.4 Home Care
9 Global Telemedicine Market, By Region
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 France
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 India
9.4.3 Japan
9.4.4 South Korea
9.4.5 Rest of Asia-Pacific
9.5 Middle East and Africa
9.6 South America
10 Competitive Landscape
10.1 Introduction
10.2 Vendor Evaluation Criteria
10.3 Market Share Analysis, 2019 (%)
10.4 Recent Developments, 2016-2019
10.4.1 New Product Launches
10.4.2 Partnerships
10.4.3 Mergers or Acquisitions
10.4.4 Business Expansions
11 Company Profiles
(This section covers the Business Overview, Financial Overview, Product and Service Offerings, Recent Developments, SWOT Analysis, and Key Strategies of the top market vendors. The given sequence does not represent their rankings in the market.)
11.1 AMD Global Telemedicine, Inc.
11.2 CardioNet
11.3 CareClix
11.4 Cerner Corporation
11.5 Cisco
11.6 GENERAL ELECTRIC
11.7 IBM Corporation
11.8 Intel Corporation
11.9 Iris Telehealth
11.10 Koninklijke Philips N.V.
11.11 Medtronic
11.12 SHL Telemedicine
12 Appendix
12.1 Discussion Guide
12.2 Customization Options
12.3 Related Reports
List of Tables
Table 1 Global Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 2 Global Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 3 Global Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 4 Global Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 5 Global Telemedicine Market, By Region, 2016-2025 (USD Million)
Table 6 North America Telemedicine Market, By Country, 2016-2025 (USD Million)
Table 7 North America Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 8 North America Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 9 North America Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 10 North America Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 11 US Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 12 US Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 13 US Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 14 US Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 15 Canada Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 16 Canada Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 17 Canada Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 18 Canada Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 19 Mexico Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 20 Mexico Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 21 Mexico Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 22 Mexico Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 23 Europe Telemedicine Market, By Country, 2016-2025 (USD Million)
Table 24 Europe Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 25 Europe Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 26 Europe Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 27 Europe Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 28 Germany Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 29 Germany Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 30 Germany Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 31 Germany Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 32 UK Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 33 UK Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 34 UK Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 35 UK Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 36 France Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 37 France Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 38 France Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 39 France Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 40 Italy Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 41 Italy Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 42 Italy Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 43 Italy Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 44 Spain Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 45 Spain Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 46 Spain Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 47 Spain Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 48 Rest of Europe Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 49 Rest of Europe Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 50 Rest of Europe Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 51 Rest of Europe Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 52 Asia-Pacific Telemedicine Market, By Country, 2016-2025 (USD Million)
Table 53 Asia-Pacific Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 54 Asia-Pacific Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 55 Asia-Pacific Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 56 Asia-Pacific Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 57 China Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 58 China Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 59 China Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 60 China Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 61 India Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 62 India Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 63 India Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 64 India Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 65 Japan Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 66 Japan Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 67 Japan Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 68 Japan Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 69 South Korea Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 70 South Korea Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 71 South Korea Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 72 South Korea Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 73 Rest of Asia-Pacific Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 74 Rest of Asia-Pacific Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 75 Rest of Asia-Pacific Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 76 Rest of Asia-Pacific Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 77 Middle East and Africa Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 78 Middle East and Africa Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 79 Middle East and Africa Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 80 Middle East and Africa Telemedicine Market, By End Users, 2016-2025 (USD Million)
Table 81 South America Telemedicine Market, By Service Type, 2016-2025 (USD Million)
Table 82 South America Telemedicine Market, By Component, 2016-2025 (USD Million)
Table 83 South America Telemedicine Market, By Deployment, 2016-2025 (USD Million)
Table 84 South America Telemedicine Market, By End Users, 2016-2025 (USD Million)
List of Figures
Figure 1 Global Telemedicine Market: Market Segmentation
Figure 2 Global Telemedicine Market: Research Methodology
Figure 3 Breakdown of Primary Interviews
Figure 4 Top Down Approach
Figure 5 Bottom Up Approach
Figure 6 Data Triangulation
Figure 7 Global Telemedicine Market: Drivers, Restraints, Opportunities, and Challenges
Figure 8 Global Telemedicine Market: Porter's Five Forces Model Analysis
Figure 9 Global Telemedicine Market: Value Chain Analysis
Figure 10 Global Telemedicine Market Share Analysis, By Service Type, 2019 and 2025
Figure 11 Global Telemedicine Market Share Analysis, By Component, 2019 and 2025
Figure 12 Global Telemedicine Market Share Analysis, By Deployment, 2019 and 2025
Figure 13 Global Telemedicine Market Share Analysis, By End Users, 2019 and 2025
Figure 14 Global Telemedicine Market Share Analysis, By Region, 2019 and 2025
Figure 15 North America Telemedicine Market Share Analysis, By Country, 2019 and 2025
Figure 16 North America Telemedicine Market Share Analysis, By Service Type, 2019 and 2025
Figure 17 North America Telemedicine Market Share Analysis, By Component, 2019 and 2025
Figure 18 North America Telemedicine Market Share Analysis, By Deployment, 2019 and 2025
Figure 19 North America Telemedicine Market Share Analysis, By End Users, 2019 and 2025
Figure 20 Europe Telemedicine Market Share Analysis, By Country, 2019 and 2025
Figure 21 Europe Telemedicine Market Share Analysis, By Service Type, 2019 and 2025
Figure 22 Europe Telemedicine Market Share Analysis, By Component, 2019 and 2025
Figure 23 Europe Telemedicine Market Share Analysis, By Deployment, 2019 and 2025
Figure 24 Europe Telemedicine Market Share Analysis, By End Users, 2019 and 2025
Figure 25 Asia-Pacific Telemedicine Market Share Analysis, By Country, 2019 and 2025
Figure 26 Asia-Pacific Telemedicine Market Share Analysis, By Service Type, 2019 and 2025
Figure 27 Asia-Pacific Telemedicine Market Share Analysis, By Component, 2019 and 2025
Figure 28 Asia-Pacific Telemedicine Market Share Analysis, By Deployment, 2019 and 2025
Figure 29 Asia-Pacific Telemedicine Market Share Analysis, By End Users, 2019 and 2025
Figure 30 Middle East and Africa Telemedicine Market Share Analysis, By Service Type, 2019 and 2025
Figure 31 Middle East and Africa Telemedicine Market Share Analysis, By Component, 2019 and 2025
Figure 32 Middle East and Africa Telemedicine Market Share Analysis, By Deployment, 2019 and 2025
Figure 33 Middle East and Africa Telemedicine Market Share Analysis, By End Users, 2019 and 2025
Figure 34 South America Telemedicine Market Share Analysis, By Service Type, 2019 and 2025
Figure 35 South America Telemedicine Market Share Analysis, By Component, 2019 and 2025
Figure 36 South America Telemedicine Market Share Analysis, By Deployment, 2019 and 2025
Figure 37 South America Telemedicine Market Share Analysis, By End Users, 2019 and 2025
Figure 38 Global Telemedicine Market: Competitive Benchmarking
Figure 39 Global Telemedicine Market: Vendor Share Analysis, 2019 (%)