Global Telemedicine Market Analysis and Forecast to 2030: Increasing Government Funding and Grants Driving Market Growth
DUBLIN, Nov. 19, 2020 /PRNewswire/ -- The "Telemedicine Market Research Report: By Type, Service, Specialty - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global telemedicine market is predicted to reach a value of $144.2 billion by 2030, increasing from $27.8 billion in 2019, progressing at a 15.8% CAGR during 2020-2030.
The market is registering growth due to the surging geriatric population, rising healthcare cost, rising need for remote patient monitoring services in emerging economies, surging prevalence of chronic diseases, expanding medical tourism industry, rising government grants and initiatives for telemedicine.
On the basis of services, the telemedicine market is divided into tele consulting, tele training, tele monitoring, tele education, and others. Among all these, the tele monitoring division is predicted to witness the highest CAGR in the years to come due to the rising cases of lifestyle-related and chronic diseases across the globe. Healthcare providers can effectively manage the health of patients and prevent complications and exacerbations by utilizing tele monitoring. This results in reductions in rehospitalizations.
North America has been leading the telemedicine market up till now, owing to the increasing aging population, presence of major players, and initiatives that are being taken by non-government and government organizations for funding and offering grants for telemedicine. The U.S. government has grown its telehealth consultations to about 62 million Medicare beneficiaries. Such actions are meant to decrease the health risks for citizens and to remove previous barriers.
The key players operating in the market are
- Koninklijke Philips N.V.
- Honeywell International Inc.
- Medtronic plc
- Cerner Corporation
- Cisco Systems Inc.
- McKesson Corporation
- Teladoc Health Inc.
- Aerotel Medical Systems Ltd.
- OBS Medical Ltd.
- Care Innovations LLC
- Allscripts Healthcare Solutions Inc.
- AMD Global Telemedicine Inc.
- BioTelemetry Inc.
- Polycom Inc.
- GlobalMedia Group LLC
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 Tele hospitals and clinics
4.1.1.2 Tele home
4.1.2 By Service
4.1.2.1 Tele consulting
4.1.2.2 Tele monitoring
4.1.2.3 Tele education
4.1.2.4 Tele training
4.1.2.5 Others
4.1.3 By Specialty
4.1.3.1 Dermatology
4.1.3.2 Gynecology
4.1.3.3 Cardiology
4.1.3.4 Neurology
4.1.3.5 Orthopedic
4.1.3.6 Others
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Technological advancements
4.2.2 Drivers
4.2.2.1 Rising geriatric population
4.2.2.2 Increasing prevalence of chronic and lifestyle associated diseases
4.2.2.3 Increasing healthcare cost
4.2.2.4 Increasing government funding and grants for telemedicine
4.2.2.5 Growing need for remote patient monitoring services in developing countries
4.2.2.6 Increasing medical tourism
4.2.2.7 Increasing medical requirement in remote locations
4.2.2.8 Impact analysis of drivers on market forecast
4.2.3 Restraints
4.2.3.1 High installation cost and lack of trained professionals
4.2.3.2 Inadequate healthcare infrastructure in developing economies
4.2.3.3 Impact analysis of restraints on market forecast
4.2.4 Opportunities
4.2.4.1 Emerging markets offering lucrative opportunities
4.3 Porter's Five Forces Analysis
Chapter 5. COVID-19 Impact on Global Telemedicine Market
Chapter 6. Global Market Size and Forecast
6.1 By Type
6.2 By Service
6.3 By Specialty
6.4 By Region
Chapter 7. North America Market Size and Forecast
Chapter 8. Europe Market Size and Forecast
Chapter 9. APAC Market Size and Forecast
Chapter 10. LATAM Market Size and Forecast
Chapter 11. MEA Market Size and Forecast
Chapter 12. Competitive Landscape
12.1 Competitive Analysis of Key Players
12.2 Global Strategic Developments of Key Players
12.2.1 Mergers and Acquisitions
12.2.2 Product and Service Launches
12.2.3 Partnerships
12.2.4 Other Developments
Chapter 13. Company Profiles
13.1 Business Overview
13.2 Product and Service Offerings
13.3 Key Financial Summary
For more information about this report visit https://www.researchandmarkets.com/r/lmye4v
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