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Telemedicine Market

Telemedicine Market

Global Industry Analysis (2017 - 2020) - Growth Trends and Market Forecast (2021 - 2025)

Published Date: Nov 2020 | Format: | No. of Pages: 360

Industry: Healthcare IT | Author Name: Amol


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The rapid upsurge in COVID-19 cases across the world coupled with favourable reimbursement policies for telehealth services in developed countries have spurred the adoption rate of telemedicine significantly. Additionally, changing patient preferences towards virtual consultation from conventional physician visits present incremental opportunities for telemedicine adoption. Global telemedicine market is anticipated to reach whopping US$152.1 Bn by 2025 from US$82.7 Bn in 2020, registering a CAGR of 19% between the forecast years of 2021 and 2025.

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In the U.S., telehealth consultations have soared to more than 40% by the fourth week of April 2020 on account of COVID-19 breakout from merely less than 1% of total physician visits. This kind of exponential momentum may not be sustainable in longer term, however, the agility of providers and receptivity of patients during this rapid acceleration indicates a future care delivery model, which broadly embraces telemedicine. These trends are expected to remain similar across the world during second half of 2020 and first half of 2021.

Rapid Technological Advancements Shape Future of Telemedicine Market

Analysts at Fairfield Market Research predict that remote patient monitoring will be the most potent advancements in the telemedicine market. There are several examples like automatic insulin pumps, digital blood pressure cuffs and digital heart rate monitors that make the case of this aspect of telemedicine.

Patient’s willingness to adapt to the new technology is at the base of advancement in RPM. This reflects clearly in a survey released by VivaLNK, where nearly 66% of patients aged 40 and over were willing to wear an RPM device if it would allow the patient to make fewer trips to the doctor.

The next logical step for technological advancement would be integration of telemedicine into current health system and connectivity into electronic health records (EHRs). However, to mitigate data privacy concerns, developers should look to guidance through regulatory agencies and security protections into such integrated platforms.

Another piece of advancement in telemedicine market is the augmentation of user health apps with artificial intelligence. The continued integration of artificial intelligence into telemedicine technology should increase the development of easy apps, access to care, and assistance in follow-up treatment plans.

Teleradiology to Remain Dominant Application Until 2025

Teleradiology was the leading specialty segment with highest market share in 2019. Also, it is set to hold the dominant position until the end of forecast period. This dominance is attributable to higher adoption rate of picture archiving and communication systems (PACS) and high R&D activities in this space.

In end user segment, hospitals accounted for the largest market share in 2019. The segment is anticipated to expand at a moderate to high growth rate throughout the forecast period. As of now, most preferred department for telemedicine services in hospitals is emergency care. However, by extending e-Health services role in healthcare, hospitals can expand service offerings widely to OPDs and post hospitalization facilities. These widening applications are projected to make a significant contribution to the growth of this segment.

U.S. Leads with Technological Advancements and Favourable Reimbursement Policies

North America was the leading region in the global telemedicine market in 2019 due to favourable consumer preference, presence of key players and favourable reimbursement policies. According to the American Telemedicine Association (ATA), there are about 200 networked telemedicine programs in the U.S., granting telemedicine access to more than 3000 rural site. Additionally, in about 46 states Medicaid programs cover live video and 26 state Medicaid programs cover a facility or transmission fee, or both.

Asia Pacific is expected to register a notable growth during the forecast period on account of technological advancements in digital imaging and favourable government initiatives. The recent launch of National Digital Health Mission by Government of India is another step in the direction. Furthermore, a huge population base in countries such as China and India, improving access of internet and rapid rise in aging issues will contribute to the regional growth.

There are notable challenges in the global telemedicine market, which may hinder the progress in emerging as well as underdeveloped markets. Poor infrastructure and government healthcare spending priorities are key concerns for these countries, which is negatively impacting the telemedicine market .

Leading Players on Buying Spree to Consolidate Stronghold Positions

Hefty investments have been made by big tech giants in last few years to penetrate in the high potential untapped areas organically and inorganically. Multiple start-ups with disruptive technologies are backed up by these giants. Such recent collaborations are, Teladoc’s agreement to takeover InTouch and American Well acquiring Aligned Telehealth. Both these acquisitions help market leaders, Teladoc and American Well, to strengthen their position with added customer base and expanded service offerings.

The global telemedicine market comprises of key market players with significant global and regional foot prints viz. 2nd.MD, Allscripts Healthcare Solutions Inc, AMD Global Telemedicine, American Well, BioTelemetry, Blue Sky Telehealth, Cerner Corporation, Cisco Systems, Doctolib, Eagle Telemedicine, Honeywell International Inc, iCLiniq, InSight, InTouch Technologies, Koninklijke Philips N.V., McKesson Corporation, MDLive, MeMD, OBS Medical, Polycom Inc., SOC Telemed, Specialist Telemed, Teladoc Health and VirTrial, LLC. In the long term, thoughtful integration of telemedicine services into patient care models-intended to cater distinct patient populations and supported with sound business cases -will drive further market access.

The Global Telemedicine Market is Segmented as Below:

Component

  • Hardware
  • Software
  • Services

Specialty

  • Teleradiology
  • Telepathology
  • Teledermatology
  • Telepsychiatry
  • Telecardiology
  • Others

Modality

  • Store & forward
  • Real-time Interaction
  • Remote patient monitoring
  • Others

End User

  • Hospitals
  • Home Care Settings

Geographical Coverage

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Eastern Europe
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia & New Zealand
    • South East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Israel
    • Saudi Arabia
    • United Arab Emirates
    • South Africa
    • Rest of Middle East & Africa

Leading Companies

  • 2nd.MD
  • Allscripts Healthcare Solutions Inc.
  • AMD Global Telemedicine
  • American Well
  • BioTelemetry
  • Cerner Corporation
  • Cisco Systems
  • Doxy.me
  • Honeywell International Inc.
  • Koninklijke Philips N.V.
  • McKesson Corporation
  • MDLive
  • Polycom Inc.
  • Teladoc Health
  • Vidyo
  • VirTrial, LLC
  • vRad (MEDNAX)

Inside This Report You Will Find:

1. Executive Summary
2. Market Overview
3. Global Telemedicine Market Outlook, 2017 - 2025
4. North America Telemedicine Market Outlook, 2017 - 2025
5. Europe Telemedicine Market Outlook, 2017 - 2025
6. Asia Pacific Telemedicine Market Outlook, 2017 - 2025
7. Latin America Telemedicine Market Outlook, 2017 - 2025
8. Middle East & Africa Telemedicine Market Outlook, 2017 - 2025
9. Competitive Landscape
10. Appendix

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1. Executive Summary
     1.1. Global Telemedicine Market Outlook, 2017 - 2025 ($US Million)
     1.2. Telemedicine Market Segment Overview, 2017 - 2025 ($US Million)
     1.3. Key Market Trends

2. Market Overview
     2.1. Market Definitions and Segmentations
     2.2. Market Dynamics
           2.2.1. Market Drivers
           2.2.2. Market Restraints
           2.2.3. Market Opportunities
     2.3. Technology Trends
     2.4. Regulatory Scenario
     2.5. Reimbursement Scenario
     2.6. COVID-19 Impact
     2.7. SWOT Analysis

3. Global Telemedicine Market Outlook, 2017 - 2025
     3.1. Global Telemedicine Market Outlook, By Component, 2017 - 2025
           3.1.1. Key Highlights
           3.1.2. Global Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025 
                3.1.2.1. Hardware
                3.1.2.2. Software
                3.1.2.3. Services
           3.1.3. Global Telemedicine Market Attractiveness Analysis, by Component, 2017 - 2025
     3.2. Global Telemedicine Market Outlook, By Specialty, 2017 - 2025
           3.2.1. Key Highlights
           3.2.2. Global Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025 
                3.2.2.1. Teleradiology
                3.2.2.2. Telepsychiatry
                3.2.2.3. Telecardiology
                3.2.2.4. Teledermatology
                3.2.2.5. Telepathology
                3.2.2.6. Others
           3.2.3. Global Telemedicine Market Attractiveness Analysis, by Specialty, 2017 - 2025
     3.3. Global Telemedicine Market Outlook, By Modality, 2017 - 2025
           3.3.1. Key Highlights
           3.3.2. Global Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                3.3.2.1. Store-and-forward
                3.3.2.2. Remote patient monitoring
                3.3.2.3. Real-time Interaction
                3.3.2.4. Others
           3.3.3. Global Telemedicine Market Attractiveness Analysis, by Modality, 2017 - 2025
     3.4. Global Telemedicine Market Outlook, By End User, 2017 - 2025
           3.4.1. Key Highlights
           3.4.2. Global Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                3.4.2.1. Hospitals
                3.4.2.2. Home Care Settings
           3.4.3. Global Telemedicine Market Attractiveness Analysis, by End User, 2017 - 2025
     3.5. Global Telemedicine Market Outlook, By Region, 2017 - 2025
           3.5.1. Key Highlights
           3.5.2. Global Telemedicine Market Outlook, by Region, Value ($US Million ) 2017 - 2025
                3.5.2.1. North America
                3.5.2.2. Europe
                3.5.2.3. Asia Pacific
                3.5.2.4. Latin America
                3.5.2.5. Middle East & Africa
           3.5.3. Global Telemedicine Market Attractiveness Analysis, by Region, 2017 - 2025

4. North America Telemedicine Market Outlook, 2017 - 2025
     4.1. North America Telemedicine Market Outlook, By Component, 2017 - 2025
           4.1.1. Key Highlights
           4.1.2. North America Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025 
                4.1.2.1. Hardware
                4.1.2.2. Software
                4.1.2.3. Services
           4.1.3. North America Telemedicine Market Attractiveness Analysis, by Component, 2017 - 2025
     4.2. North America Telemedicine Market Outlook, By Specialty, 2017 - 2025
           4.2.1. Key Highlights
           4.2.2. North America Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025 
                4.2.2.1. Teleradiology
                4.2.2.2. Telepsychiatry
                4.2.2.3. Telecardiology
                4.2.2.4. Teledermatology
                4.2.2.5. Telepathology
                4.2.2.6. Others
           4.2.3. North America Telemedicine Market Attractiveness Analysis, by Specialty, 2017 - 2025
     4.3. North America Telemedicine Market Outlook, By Modality, 2017 - 2025
           4.3.1. Key Highlights
           4.3.2. North America Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                4.3.2.1. Store-and-forward
                4.3.2.2. Remote patient monitoring
                4.3.2.3. Real-time Interaction
                4.3.2.4. Others
           4.3.3. North America Telemedicine Market Attractiveness Analysis, by Modality, 2017 - 2025
     4.4. North America Telemedicine Market Outlook, By End User, 2017 - 2025
           4.4.1. Key Highlights
           4.4.2. North America Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                4.4.2.1. Hospitals
                4.4.2.2. Home Care Settings
           4.4.3. North America Telemedicine Market Attractiveness Analysis, by End User, 2017 - 2025
     4.5. North America Telemedicine Market Outlook, By Country, 2017 - 2025
           4.5.1. Key Highlights
           4.5.2. North America Telemedicine Market Outlook, by Country, Value ($US Million ) 2017 - 2025
                4.5.2.1. United States
                     4.5.2.1.1. United States Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     4.5.2.1.2. United States Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     4.5.2.1.3. United States Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     4.5.2.1.4. United States Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                4.5.2.2. Canada
                     4.5.2.2.1. Canada Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     4.5.2.2.2. Canada Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     4.5.2.2.3. Canada Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     4.5.2.2.4. Canada Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
           4.5.3. North America Telemedicine Market Attractiveness Analysis, by Country, 2017 - 2025

5. Europe Telemedicine Market Outlook, 2017 - 2025
     5.1. Europe Telemedicine Market Outlook, By Component, 2017 - 2025
           5.1.1. Key Highlights
           5.1.2. Europe Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025 
                5.1.2.1. Hardware
                5.1.2.2. Software
                5.1.2.3. Services
           5.1.3. Europe Telemedicine Market Attractiveness Analysis, by Component, 2017 - 2025
     5.2. Europe Telemedicine Market Outlook, By Specialty, 2017 - 2025
           5.2.1. Key Highlights
           5.2.2. Europe Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025 
                5.2.2.1. Teleradiology
                5.2.2.2. Telepsychiatry
                5.2.2.3. Telecardiology
                5.2.2.4. Teledermatology
                5.2.2.5. Telepathology
                5.2.2.6. Others
           5.2.3. Europe Telemedicine Market Attractiveness Analysis, by Specialty, 2017 - 2025
     5.3. Europe Telemedicine Market Outlook, By Modality, 2017 - 2025
           5.3.1. Key Highlights
           5.3.2. Europe Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                5.3.2.1. Store-and-forward
                5.3.2.2. Remote patient monitoring
                5.3.2.3. Real-time Interaction
                5.3.2.4. Others
           5.3.3. Europe Telemedicine Market Attractiveness Analysis, by Modality, 2017 - 2025
     5.4. Europe Telemedicine Market Outlook, By End User, 2017 - 2025
           5.4.1. Key Highlights
           5.4.2. Europe Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                5.4.2.1. Hospitals
                5.4.2.2. Home Care Settings
           5.4.3. Europe Telemedicine Market Attractiveness Analysis, by End User, 2017 - 2025
     5.5. Europe Telemedicine Market Outlook, By Country, 2017 - 2025
           5.5.1. Key Highlights
           5.5.2. Europe Telemedicine Market Outlook, by Country, Value ($US Million ) 2017 - 2025
                5.5.2.1. Germany
                     5.5.2.1.1. Germany Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     5.5.2.1.2. Germany Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     5.5.2.1.3. Germany Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     5.5.2.1.4. Germany Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                5.5.2.2. France
                     5.5.2.2.1. France Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     5.5.2.2.2. France Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     5.5.2.2.3. France Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     5.5.2.2.4. France Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                5.5.2.3. United Kingdom
                     5.5.2.3.1. United Kingdom Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     5.5.2.3.2. United Kingdom Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     5.5.2.3.3. United Kingdom Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     5.5.2.3.4. United Kingdom Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                5.5.2.4. Italy
                     5.5.2.4.1. Italy Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     5.5.2.4.2. Italy Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     5.5.2.4.3. Italy Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     5.5.2.4.4. Italy Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                5.5.2.5. Spain
                     5.5.2.5.1. Spain Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     5.5.2.5.2. Spain Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     5.5.2.5.3. Spain Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     5.5.2.5.4. Spain Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                5.5.2.6. Eastern Europe
                     5.5.2.6.1. Eastern Europe Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     5.5.2.6.2. Eastern Europe Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     5.5.2.6.3. Eastern Europe Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     5.5.2.6.4. Eastern Europe Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                5.5.2.7. Rest of Europe
                     5.5.2.7.1. Rest of Europe Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     5.5.2.7.2. Rest of Europe Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     5.5.2.7.3. Rest of Europe Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     5.5.2.7.4. Rest of Europe Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
           5.5.3. Europe Telemedicine Market Attractiveness Analysis, by Country, 2017 - 2025

6. Asia Pacific Telemedicine Market Outlook, 2017 - 2025
     6.1. Asia Pacific Telemedicine Market Outlook, By Component, 2017 - 2025
           6.1.1. Key Highlights
           6.1.2. Asia Pacific Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025 
                6.1.2.1. Hardware
                6.1.2.2. Software
                6.1.2.3. Services
           6.1.3. Asia Pacific Telemedicine Market Attractiveness Analysis, by Component, 2017 - 2025
     6.2. Asia Pacific Telemedicine Market Outlook, By Specialty, 2017 - 2025
           6.2.1. Key Highlights
           6.2.2. Asia Pacific Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025 
                6.2.2.1. Teleradiology
                6.2.2.2. Telepsychiatry
                6.2.2.3. Telecardiology
                6.2.2.4. Teledermatology
                6.2.2.5. Telepathology
                6.2.2.6. Others
           6.2.3. Asia Pacific Telemedicine Market Attractiveness Analysis, by Specialty, 2017 - 2025
     6.3. Asia Pacific Telemedicine Market Outlook, By Modality, 2017 - 2025
           6.3.1. Key Highlights
           6.3.2. Asia Pacific Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                6.3.2.1. Store-and-forward
                6.3.2.2. Remote patient monitoring
                6.3.2.3. Real-time Interaction
                6.3.2.4. Others
           6.3.3. Asia Pacific Telemedicine Market Attractiveness Analysis, by Modality, 2017 - 2025
     6.4. Asia Pacific Telemedicine Market Outlook, By End User, 2017 - 2025
           6.4.1. Key Highlights
           6.4.2. Asia Pacific Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                6.4.2.1. Hospitals
                6.4.2.2. Home Care Settings
           6.4.3. Asia Pacific Telemedicine Market Attractiveness Analysis, by End User, 2017 - 2025
     6.5. Asia Pacific Telemedicine Market Outlook, By Country, 2017 - 2025
           6.5.1. Key Highlights
           6.5.2. Asia Pacific Telemedicine Market Outlook, by Country, Value ($US Million ) 2017 - 2025
                6.5.2.1. Japan
                     6.5.2.1.1. Japan Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     6.5.2.1.2. Japan Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     6.5.2.1.3. Japan Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     6.5.2.1.4. Japan Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                6.5.2.2. China
                     6.5.2.2.1. China Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     6.5.2.2.2. China Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     6.5.2.2.3. China Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     6.5.2.2.4. China Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                6.5.2.3. India
                     6.5.2.3.1. India Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     6.5.2.3.2. India Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     6.5.2.3.3. India Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     6.5.2.3.4. India Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                6.5.2.4. Australia & New Zealand
                     6.5.2.4.1. Australia & New Zealand Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     6.5.2.4.2. Australia & New Zealand Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     6.5.2.4.3. Australia & New Zealand Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     6.5.2.4.4. Australia & New Zealand Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                6.5.2.5. South East Asia
                     6.5.2.5.1. South East Asia Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     6.5.2.5.2. South East Asia Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     6.5.2.5.3. South East Asia Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     6.5.2.5.4. South East Asia Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                6.5.2.6. Rest of Asia Pacific
                     6.5.2.6.1. Rest of Asia Pacific Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     6.5.2.6.2. Rest of Asia Pacific Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     6.5.2.6.3. Rest of Asia Pacific Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     6.5.2.6.4. Rest of Asia Pacific Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
           6.5.3. Asia Pacific Telemedicine Market Attractiveness Analysis, by Country, 2017 - 2025

7. Latin America Telemedicine Market Outlook, 2017 - 2025
     7.1. Latin America Telemedicine Market Outlook, By Component, 2017 - 2025
           7.1.1. Key Highlights
           7.1.2. Latin America Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025 
                7.1.2.1. Hardware
                7.1.2.2. Software
                7.1.2.3. Services
           7.1.3. Latin America Telemedicine Market Attractiveness Analysis, by Component, 2017 - 2025
     7.2. Latin America Telemedicine Market Outlook, By Specialty, 2017 - 2025
           7.2.1. Key Highlights
           7.2.2. Latin America Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025 
                7.2.2.1. Teleradiology
                7.2.2.2. Telepsychiatry
                7.2.2.3. Telecardiology
                7.2.2.4. Teledermatology
                7.2.2.5. Telepathology
                7.2.2.6. Others
           7.2.3. Latin America Telemedicine Market Attractiveness Analysis, by Specialty, 2017 - 2025
     7.3. Latin America Telemedicine Market Outlook, By Modality, 2017 - 2025
           7.3.1. Key Highlights
           7.3.2. Latin America Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                7.3.2.1. Store-and-forward
                7.3.2.2. Remote patient monitoring
                7.3.2.3. Real-time Interaction
                7.3.2.4. Others
           7.3.3. Latin America Telemedicine Market Attractiveness Analysis, by Modality, 2017 - 2025
     7.4. Latin America Telemedicine Market Outlook, By End User, 2017 - 2025
           7.4.1. Key Highlights
           7.4.2. Latin America Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                7.4.2.1. Hospitals
                7.4.2.2. Home Care Settings
           7.4.3. Latin America Telemedicine Market Attractiveness Analysis, by End User, 2017 - 2025
     7.5. Latin America Telemedicine Market Outlook, By Country, 2017 - 2025
           7.5.1. Key Highlights
           7.5.2. Latin America Telemedicine Market Outlook, by Country, Value ($US Million ) 2017 - 2025
                7.5.2.1. Brazil
                     7.5.2.1.1. Brazil Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     7.5.2.1.2. Brazil Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     7.5.2.1.3. Brazil Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     7.5.2.1.4. Brazil Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                7.5.2.2. Argentina
                     7.5.2.2.1. Argentina Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     7.5.2.2.2. Argentina Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     7.5.2.2.3. Argentina Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     7.5.2.2.4. Argentina Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                7.5.2.3. Mexico
                     7.5.2.3.1. Mexico Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     7.5.2.3.2. Mexico Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     7.5.2.3.3. Mexico Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     7.5.2.3.4. Mexico Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                7.5.2.4. Rest of Latin America
                     7.5.2.4.1. Rest of Latin America Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     7.5.2.4.2. Rest of Latin America Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     7.5.2.4.3. Rest of Latin America Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     7.5.2.4.4. Rest of Latin America Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
           7.5.3. Latin America Telemedicine Market Attractiveness Analysis, by Country, 2017 - 2025

8. Middle East & Africa Telemedicine Market Outlook, 2017 - 2025
     8.1. Middle East & Africa Telemedicine Market Outlook, By Component, 2017 - 2025
           8.1.1. Key Highlights
           8.1.2. Middle East & Africa Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025 
                8.1.2.1. Hardware
                8.1.2.2. Software
                8.1.2.3. Services
           8.1.3. Middle East & Africa Telemedicine Market Attractiveness Analysis, by Component, 2017 - 2025
     8.2. Middle East & Africa Telemedicine Market Outlook, By Specialty, 2017 - 2025
           8.2.1. Key Highlights
           8.2.2. Middle East & Africa Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025 
                8.2.2.1. Teleradiology
                8.2.2.2. Telepsychiatry
                8.2.2.3. Telecardiology
                8.2.2.4. Teledermatology
                8.2.2.5. Telepathology
                8.2.2.6. Others
           8.2.3. Middle East & Africa Telemedicine Market Attractiveness Analysis, by Specialty, 2017 - 2025
     8.3. Middle East & Africa Telemedicine Market Outlook, By Modality, 2017 - 2025
           8.3.1. Key Highlights
           8.3.2. Middle East & Africa Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                8.3.2.1. Store-and-forward
                8.3.2.2. Remote patient monitoring
                8.3.2.3. Real-time Interaction
                8.3.2.4. Others
           8.3.3. Middle East & Africa Telemedicine Market Attractiveness Analysis, by Modality, 2017 - 2025
     8.4. Middle East & Africa Telemedicine Market Outlook, By End User, 2017 - 2025
           8.4.1. Key Highlights
           8.4.2. Middle East & Africa Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                8.4.2.1. Hospitals
                8.4.2.2. Home Care Settings
           8.4.3. Middle East & Africa Telemedicine Market Attractiveness Analysis, by End User, 2017 - 2025
     8.5. Middle East & Africa Telemedicine Market Outlook, By Country, 2017 - 2025
           8.5.1. Key Highlights
           8.5.2. Middle East & Africa Telemedicine Market Outlook, by Country, Value ($US Million ) 2017 - 2025
                8.5.2.1. Israel
                     8.5.2.1.1. Israel Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     8.5.2.1.2. Israel Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     8.5.2.1.3. Israel Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     8.5.2.1.4. Israel Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                8.5.2.2. Saudi Arabia
                     8.5.2.2.1. Saudi Arabia Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     8.5.2.2.2. Saudi Arabia Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     8.5.2.2.3. Saudi Arabia Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     8.5.2.2.4. Saudi Arabia Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                8.5.2.3. United Arab Emirates
                     8.5.2.3.1. United Arab Emirates Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     8.5.2.3.2. United Arab Emirates Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     8.5.2.3.3. United Arab Emirates Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     8.5.2.3.4. United Arab Emirates Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                8.5.2.4. South Africa
                     8.5.2.4.1. South Africa Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     8.5.2.4.2. South Africa Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     8.5.2.4.3. South Africa Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     8.5.2.4.4. South Africa Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
                8.5.2.5. Rest of Middle East & Africa
                     8.5.2.5.1. Rest of Middle East & Africa Telemedicine Market Outlook, by Component, Value ($US Million ) 2017 - 2025
                     8.5.2.5.2. Rest of Middle East & Africa Telemedicine Market Outlook, by Specialty, Value ($US Million ) 2017 - 2025
                     8.5.2.5.3. Rest of Middle East & Africa Telemedicine Market Outlook, by Modality, Value ($US Million ) 2017 - 2025
                     8.5.2.5.4. Rest of Middle East & Africa Telemedicine Market Outlook, by End User, Value ($US Million ) 2017 - 2025
           8.5.3. Middle East & Africa Telemedicine Market Attractiveness Analysis, by Country, 2017 - 2025

9. Competitive Landscape
     9.1. Company Market Share Analysis, 2019
     9.2. Strategic Collaborations
     9.3. Company Profiles
           9.3.1. 2nd.MD
                9.3.1.1. Company overview
                9.3.1.2. Financial performance
                9.3.1.3. Product Portfolio
                9.3.1.4. Recent Developments
           9.4.2. Allscripts Healthcare Solutions Inc.
           9.4.3. AMD Global Telemedicine
           9.4.4. American Well
           9.4.5. BioTelemetry
           9.4.6. Blue Sky Telehealth
           9.4.7. Cerner Corporation
           9.4.8. Cisco Systems
           9.4.9. Doctolib
           9.4.10. Eagle Telemedicine
           9.4.11. Honeywell International Inc.
           9.4.12. iCLiniq
           9.4.13. InSight
           9.4.14. Koninklijke Philips N.V.
           9.4.15. McKesson Corporation
           9.4.16. MDLive
           9.4.17. MeMD
           9.4.18. OBS Medical
           9.4.19. Polycom Inc.
           9.4.20. SOC Telemed
           9.4.21. Specialist Telemed
           9.4.22. Teladoc Health
           9.4.23. VirTrial, LLC

10. Appendix
     10.1. Research Methodology
     10.2. Report Assumptions
     10.3. Acronyms and Abbreviations

BASE YEAR

HISTORICAL DATA

FORECAST PERIOD

UNITS


2020

2017 - 2019

2021 - 2025 

Value: US$ Million

 

REPORT FEATURES

DETAILS

Component
  • Hardware
  • Software
  • Services

Specialty
  • Teleradiology
  • Telepathology
  • Teledermatology
  • Telepsychiatry
  • Telecardiology
  • Others

Modality
  • Store & forward
  • Real-time Interaction
  • Remote patient monitoring
  • Others

End User
  • Hospitals
  • Home Care Settings

Geographical Coverage
  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Eastern Europe
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia & New Zealand
    • South East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Israel
    • Saudi Arabia
    • United Arab Emirates
    • South Africa
    • Rest of Middle East & Africa

Leading Companies
  • 2nd.MD
  • Allscripts Healthcare Solutions Inc.
  • AMD Global Telemedicine
  • American Well
  • BioTelemetry
  • Cerner Corporation
  • Cisco Systems
  • Doxy.me
  • Honeywell International Inc.
  • Koninklijke Philips N.V.
  • McKesson Corporation
  • MDLive
  • Polycom Inc.
  • Teladoc Health
  • Vidyo
  • VirTrial, LLC
  • vRad (MEDNAX)

Report Highlights
  • Key Market Indicators, Market Estimates and Forecast, Market Dynamics, Key Industry Trends, Reimbursement Scenario, COVID-19 Impact Analysis, SWOT Analysis, Competition Landscape, Category, Region, Country-wise Trends 
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FAQs : Telemedicine Market

Global telemedicine market is anticipated to reach US$ 152.1 billion by 2025.

Global telemedicine market is anticipated to reach whopping US$ 152.1 billion by 2025 from US$ 82.7 billion in 2020 with 19% CAGR (2021-2025).

The rapid upsurge in COVID-19 cases across the world coupled with favourable reimbursement policies for telehealth services in developed countries have spurred the adoption rate of telemedicine significantly. Changing patient preferences towards virtual visits from conventional face to face physician visits will further complement the growth of the telemedicine market.

North America is the global leader in the telemedicine market, the region will continue to lead its way through the forecast period as well.

Cisco Systems, vRad a MEDNAX Company, InTouch Health, Vidyo, American Well, Doxy.me, Philips Healthcare and Polycom.

Our Research Methodology

Under uncertainty, traditional approaches to strategic planning can be downright dangerous. True ambiguity is no basis to forecast the future – degree of risk, the magnitude of circumstances, conditions and consequences are not known or unpredictable. To avoid dangerous binary views of uncertainty; strategic posture, moves and actions through market research is the best bet.

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