Global Telemedicine market accounted for $21.56 billion in 2017 and is expected to reach $93.45 billion by 2026 growing at a CAGR of 17.7% during the forecast period.
Some of the key factors influencing the market growth include rising prevalence of chronic diseases, favorable government initiatives, telecommunication growth in BRIC countries and growing medicare reimbursement for telehealth services. However, privacy & security concerns and high infrastructure cost are hampering the market. In addition, growing acceptance of 4G and 5G spectrum provides huge opportunities for the players in the market.
Telemedicine is considered as the most adaptable technology accessible to deliver health education, health information and health care at a distance. Through the technologies, sophisticated patient centered care and increased access to remote locations is possible. It also helps in reducing emergency room visit and hospitalization rate, thus augmenting the market growth. Telemedicine serves as a provision for a variety of remote clinical services, which gain with the help of real-time, two-way communication between the patient and the healthcare provider. This involves the application of a variety of electronic, audio, and visual means.
Among the various services of telemedicine, tele-monitoring is expected to grow at the significant market share during forecast period. This can be attributed to the increasing geriatric and disabled populations who are commonly diagnosed with diabetes and cardiovascular complications. By geography, the Asia Pacific region exhibits fastest growth and is expected to lead the global market by the end of the decade due to increasing populations in rural & urban areas and augmented government initiatives. Moreover, the existence of a large number of technology developed units in this region offering cheaper equipments shall ensure steady market growth.
What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
6 Global Telemedicine Market, By Service 6.1 Introduction 6.2 Tele-monitoring 6.3 Tele-education 6.4 Tele-training 6.5 Tele-consultation 6.6 Tele-surgery 6.7 Tele-care 6.8 Other Services
7 Global Telemedicine Market, By Delivery Mode 7.1 Introduction 7.2 Cloud-Based 7.3 On-Premise 7.4 Web-Based
8 Global Telemedicine Market, By Speciality 8.1 Introduction 8.2 Orthopedics 8.3 Neurology 8.4 Internal Medicine 8.5 Gynecology 8.6 Emergency Care 8.7 Dermatology 8.8 Cardiology 8.9 Other Specialities
9 Global Telemedicine Market, By Geography 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 Italy 9.3.4 France 9.3.5 Spain 9.3.6 Rest of Europe 9.4 Asia Pacific 9.4.1 Japan 9.4.2 China 9.4.3 India 9.4.4 Australia 9.4.5 New Zealand 9.4.6 South Korea 9.4.7 Rest of Asia Pacific 9.5 South America 9.5.1 Argentina 9.5.2 Brazil 9.5.3 Chile 9.5.4 Rest of South America 9.6 Middle East & Africa 9.6.1 Saudi Arabia 9.6.2 UAE 9.6.3 Qatar 9.6.4 South Africa 9.6.5 Rest of Middle East & Africa
10 Key Developments 10.1 Agreements, Partnerships, Collaborations and Joint Ventures 10.2 Acquisitions & Mergers 10.3 New Product Launch 10.4 Expansions 10.5 Other Key Strategies
11 Company Profiling 11.1 Honeywell Life Care Solutions 11.2 Cisco Systems, Inc. 11.3 Medtronic 11.4 Philips Healthcare 11.5 GE Healthcare 11.6 Apollo Hospitals Enterprise Limited 11.7 Hoffmann-La Roche Ltd. 11.8 McKesson Ltd. 11.9 GlobalMedia Group LLC 11.10 SHL Telemedicine Ltd. 11.11 InTouch Technologies 11.12 Snapmd Telemedicine Technology 11.13 Medisoft Telemedicine Pvt. Ltd. 11.14 Cloudvisit Telemedicine 11.15 Haemonetics Corp. 11.16 AMD Global Telemedicine Inc. 11.17 Maestros Telemedicine 11.18 Allscripts Healthcare Solutions Inc. 11.19 Aerotel Medical Systems 11.20 Bio Telemetry