Global Telemedicine Strategic Analysis Report 2023-2030 - Physician Shortages Ignite Demand for Telemedicine Solutions Worldwide

DUBLIN, Aug. 31, 2023 /PRNewswire/ -- The "Telemedicine: Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global Telemedicine market, in the wake of the transformative post-COVID-19 business landscape, marked an impressive valuation of US$60.1 Billion in 2022.

As the world continues to adapt to new norms, this market is set to undergo a remarkable transformation, projected to expand to a substantial size of US$523.1 Billion by 2030. This growth trajectory signifies a robust Compound Annual Growth Rate (CAGR) of 31% during the comprehensive analysis period from 2022 to 2030.

The report delves into the various segments, with Software & Services being a focal point. This sector is anticipated to achieve a noteworthy CAGR of 30.3%, culminating in a valuation of US$361.6 Billion by the close of the analysis timeline. In tandem with the ongoing post-pandemic recovery efforts, the Hardware segment's growth outlook has been re-evaluated, now projected to embrace a revised CAGR of 32.9% for the upcoming eight-year span.

In the United States, the Telemedicine market's worth is estimated at US$19.5 Billion in 2022. Meanwhile, China, as the world's second-largest economy, is poised to surge forward, aiming for a projected market size of US$53.8 Billion by 2030. This achievement will be underpinned by a compelling CAGR of 36.9% over the analysis period from 2022 to 2030.

Additional geographic markets of note include Japan and Canada, both projected to exhibit substantial growth rates of 27.1% and 28%, respectively, throughout the 2022-2030 period. Within Europe, Germany is anticipated to sustain a commendable CAGR of approximately 29.8%, reflecting its progressive stance in the global Telemedicine landscape.

MARKET OVERVIEW

• Telemedicine - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• A Prelude to Telemedicine
• Telemedicine Advantages
• Types of Procedures Supported by Telemedicine
• Benefits for Patients & Providers
• COVID-19 Expedites Healthcare Ecosystem's Evolution for Better Care & Cost Savings
• Covid-19 Pandemic Accelerates Broader Use of Telemedicine
• Telemedicine Leads Digital Health Investments Driven by Covid-19: Leading Categories of Digital Health by Funding (In US$ Million) for the Year 2020
• Telehealth Visits in the U.S (In Million) for the Year 2020
• COVID-19 Pandemic Catalyzes Migration to New Models of Remote Care Delivery & Boosts Importance of Electronics Subsystems Supporting Smart Wearables: Global Number of Telemedicine Patients (In Million) for the Years 2016, 2018, 2020, 2023 & 2025
• Global Market Prospects and Outlook
• Global Market for Telemedicine Surges amid the Pandemic
• Telemedicine Boom Triggered by COVID-19
• US and Europe Dominate the Global Market, Asia-Pacific to Witness Fastest Growth
• Mobile/web Delivery Segment Dominates the Market
• Hardware Segment Leads the Global Telemedicine Market
• Market Outlook
• Competition

MARKET TRENDS & DRIVERS

• Rapid Evolution in Telecommunication Technology Steers Telemedicine Market
• Aging Population Drives the Market Growth
• Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
• Increasing Occurrence of Chronic Diseases Drives Telemedicine Market
• Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
• Rising Diabetes Prevalence Presents Opportunity for Telemedicine: Number of Adults (20-79) with Diabetes (in Millions) by Region for 2017 and 2045
• Looming Physician Shortage to Drive the Need for Telemedicine
• Evolving Reimbursement Laws and Policies
• Emerging Trends in Telemedicine
• Emphasis on Telemedicine Widens among Insurance Firms
• Telemedicine Gains Traction among Physicians
• Telehealth in Home Care
• Advanced Technologies and Rapidly Growing Telemedicine
• Smartphones & Cloud Access Bring Forward a Collaborative Foundation
• Remote Patient Monitoring: A Key Benefit of Telemedicine
• Telemedicine in Disaster Management
• Diverse Healthcare Markets Open Up
• Telecardiology Witnesses Increased Popularity
• Telemonitoring Services Gain Grounds
• Decentralization of Healthcare
• Technology Trends in Telecommunication Drives Telemedicine Market
• Video Telemedicine Market Gains Ground
• Developing Countries Healthcare Systems Demand Directions in Video Telemedicine services
• Transforming Remote Health Care Amenities by Increasing Awareness on Video Telemedicine
• Video Chat Applications Garner Acceptance Among Patients in Emergency
• IoMT: The New Healthcare 'Tech' Evolution
• Telemedicine Seeks Role in Home Care & Direct Primary Care
• Increase in Healthcare Spending to Propel Demand

MARKET SEGEMNTS

• Software & Services
• Hardware
• Tele-Radiology
• Tele-Psychiatry
• Tele-Stroke
• Tele-Dermatology
• Tele-Consultation
• Other Applications
• Provider
• Payer
• Patient
• Other End-Uses
• Telemedicine Market Analysis

FOCUS ON SELECT PLAYERS (Total 344 Featured)

• Aerotel Medical Systems Ltd.
• Allscripts Healthcare Solutions, Inc.
• AMD Global
• American Well
• BioTelemetry, Inc
• Cardiocom, LLC
• CISCO Systems
• Doctor On Demand, Inc
• F. Hoffmann-La Roche Ltd
• GlobalMedia Group, LLC.
• InTouch Technologies, Inc
• MDLIVE Inc
• MeMD
• Premier Health Group Inc
• Teladoc Health, Inc
• Telemedicine, Inc.
• TELUS Health
• WELL Health Technologies Corp

MARKET TRENDS & DRIVERS

• Rapid Evolution in Telecommunication Technology Steers Telemedicine Market
• Aging Population Drives the Market Growth
• Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
• Increasing Occurrence of Chronic Diseases Drives Telemedicine Market
• Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
• Rising Diabetes Prevalence Presents Opportunity for Telemedicine: Number of Adults (20-79) with Diabetes (in Millions) by Region for 2017 and 2045
• Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
• Global Number of New Cancer Cases and Cancer-related Deaths by Cancer Site for 2018
• Looming Physician Shortage to Drive the Need for Telemedicine
• Physicians Density Per 1000 Population in Select Countries (2017)
• Evolving Reimbursement Laws and Policies
• Emerging Trends in Telemedicine
• Emphasis on Telemedicine Widens among Insurance Firms
• Telemedicine Gains Traction among Physicians
• Telehealth in Home Care
• Advanced Technologies and Rapidly Growing Telemedicine
• Smartphones & Cloud Access Bring Forward a Collaborative Foundation
• Smartphone Penetration Rate as Share of Total Population: 2016-2021
• Remote Patient Monitoring: A Key Benefit of Telemedicine
• Telemedicine in Disaster Management
• Diverse Healthcare Markets Open Up
• Telecardiology Witnesses Increased Popularity
• Telemonitoring Services Gain Grounds
• Decentralization of Healthcare
• Technology Trends in Telecommunication Drives Telemedicine Market
• Video Telemedicine Market Gains Ground
• Developing Countries Healthcare Systems Demand Directions in Video Telemedicine services
• Transforming Remote Health Care Amenities by Increasing Awareness on Video Telemedicine
• Video Chat Applications Garner Acceptance Among Patients in Emergency
• IoMT: The New Healthcare 'Tech' Evolution
• Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
• Number of Connected Medical Devices in Million: 2018-2025
• Telemedicine Seeks Role in Home Care & Direct Primary Care
• Increase in Healthcare Spending to Propel Demand
• Current & Required Healthcare Spending as % of GDP
• World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023

For more information about this report visit https://www.researchandmarkets.com/r/xs0b8y

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