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Report
Telemedicine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 139 Pages I IMARC Group
Market Overview:
The global telemedicine market size reached US$ 59.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 218.0 Billion by 2028, exhibiting a growth rate (CAGR) of 21.9% during 2023-2028.
Telemedicine is the remote delivery of healthcare services, such as consultations or assessments, via telephone networks without the requirement for an in-person visit. There are several components to a telemedicine system, such as hardware, software, and a communication channel, that allow information to be exchanged between two geographical locations. Using telecommunication infrastructures, remote delivery of healthcare services can be performed efficiently. In addition to this, follow-up visits, management of chronic conditions, medication management, and specialist consultations can also be managed via text, audio and video conferences. Remote access to physicians not only makes it easier for patients to connect with them, but it can also help reduce overall healthcare costs. As a result, medical practitioners and hospitals alike are looking forward to implementing digital health technologies in their practices.
Telemedicine Market Trends:
The market is majorly driven by the rapid digitization in the medical sector across the globe. This can be attributed to continual technological advancements for making healthcare affordable and accessible to the masses. In addition to this, the integration of advanced technologies, such as machine learning (ML), artificial intelligence (AI), and the Internet of Things (IoT), is resulting in a higher product uptake on the global level. The proliferation of e-visits, along with the rapid expansion of radiology, cardiology, and mental health segments, is resulting in the development of new business and healthcare models, thereby propelling the market. Apart from this, the rising prevalence of chronic diseases, including diabetes and cancer, as well as a lack of adequate healthcare services in underdeveloped regions, is increasing the demand for telemedicine across the globe. Some of the other factors contributing to the market include continuous postponement and cancellation of elective surgeries and appointments due to social distancing norms during COVID-19, fierce market competition among key players, the launch of numerous innovative products, such as smart medicine cabinets, and extensive research and development (R&D) activities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global telemedicine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, modality, delivery mode, facility, application and end user.
Breakup by Component:
Product
Hardware
Software
Others
Services
Tele-consulting
Tele-monitoring
Tele-education
Breakup by Modality:
Real-time
Store and Forward
Others
Breakup by Delivery Mode:
Web/Mobile
Audio/Text-based
Visualized
Call Centers
Breakup by Facility:
Tele-hospital
Tele-home
Breakup by Application:
Teledermatology
Teleradiology
Telepsychiatry
Telepathology
Telecardiology
Others
Breakup by End User:
Providers
Payers
Patients
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aerotel Medical Systems (1998) Ltd., Allscripts Healthcare Solutions Inc., AMD Global Telemedicine Inc., American Well Corporation, Cigna Corporation, Cisco Systems Inc., Doxy.me Inc., HealthTap Inc., PlushCare Inc. (Accolade Inc.), SHL Telemedicine, SOC Telemed Inc. (Patient Square Capital), Teladoc Health Inc. and Twilio Inc.
Key Questions Answered in This Report
1. What was the size of the global telemedicine market in 2022?
2. What is the expected growth rate of the global telemedicine market during 2023-2028?
3. What are the key factors driving the global telemedicine market?
4. What has been the impact of COVID-19 on the global telemedicine market?
5. What is the breakup of the global telemedicine market based on the component?
6. What is the breakup of the global telemedicine market based on the modality?
7. What is the breakup of the global telemedicine market based on delivery mode?
8. What is the breakup of the global telemedicine market based on the facility?
9. What is the breakup of the global telemedicine market based on the application?
10. What are the key regions in the global telemedicine market?
11. Who are the key players/companies in the global telemedicine market?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Telemedicine Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Component
6.1Product
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Hardware
6.1.2.2 Software
6.1.2.3 Others
6.1.3 Market Forecast
6.2Services
6.2.1 Market Trends
6.2.2 Key Segments
6.2.2.1 Tele-consulting
6.2.2.2 Tele-monitoring
6.2.2.3 Tele-education
6.2.3 Market Forecast
7 Market Breakup by Modality
7.1Real-time
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Store and Forward
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Delivery Mode
8.1Web/Mobile
8.1.1 Market Trends
8.1.2 Key Segments
8.1.2.1 Audio/Text-based
8.1.2.2 Visualized
8.1.3 Market Forecast
8.2Call Centers
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Facility
9.1Tele-hospital
9.1.1 Market Trends
9.1.2 Market Forecast
9.2Tele-home
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Application
10.1Teledermatology
10.1.1 Market Trends
10.1.2 Market Forecast
10.2Teleradiology
10.2.1 Market Trends
10.2.2 Market Forecast
10.3Telepsychiatry
10.3.1 Market Trends
10.3.2 Market Forecast
10.4Telepathology
10.4.1 Market Trends
10.4.2 Market Forecast
10.5Telecardiology
10.5.1 Market Trends
10.5.2 Market Forecast
10.6Others
10.6.1 Market Trends
10.6.2 Market Forecast
11 Market Breakup by End User
11.1Providers
11.1.1 Market Trends
11.1.2 Market Forecast
11.2Payers
11.2.1 Market Trends
11.2.2 Market Forecast
11.3Patients
11.3.1 Market Trends
11.3.2 Market Forecast
11.4Others
11.4.1 Market Trends
11.4.2 Market Forecast
12 Market Breakup by Region
12.1North America
12.1.1 United States
12.1.1.1 Market Trends
12.1.1.2 Market Forecast
12.1.2 Canada
12.1.2.1 Market Trends
12.1.2.2 Market Forecast
12.2Asia-Pacific
12.2.1 China
12.2.1.1 Market Trends
12.2.1.2 Market Forecast
12.2.2 Japan
12.2.2.1 Market Trends
12.2.2.2 Market Forecast
12.2.3 India
12.2.3.1 Market Trends
12.2.3.2 Market Forecast
12.2.4 South Korea
12.2.4.1 Market Trends
12.2.4.2 Market Forecast
12.2.5 Australia
12.2.5.1 Market Trends
12.2.5.2 Market Forecast
12.2.6 Indonesia
12.2.6.1 Market Trends
12.2.6.2 Market Forecast
12.2.7 Others
12.2.7.1 Market Trends
12.2.7.2 Market Forecast
12.3Europe
12.3.1 Germany
12.3.1.1 Market Trends
12.3.1.2 Market Forecast
12.3.2 France
12.3.2.1 Market Trends
12.3.2.2 Market Forecast
12.3.3 United Kingdom
12.3.3.1 Market Trends
12.3.3.2 Market Forecast
12.3.4 Italy
12.3.4.1 Market Trends
12.3.4.2 Market Forecast
12.3.5 Spain
12.3.5.1 Market Trends
12.3.5.2 Market Forecast
12.3.6 Russia
12.3.6.1 Market Trends
12.3.6.2 Market Forecast
12.3.7 Others
12.3.7.1 Market Trends
12.3.7.2 Market Forecast
12.4Latin America
12.4.1 Brazil
12.4.1.1 Market Trends
12.4.1.2 Market Forecast
12.4.2 Mexico
12.4.2.1 Market Trends
12.4.2.2 Market Forecast
12.4.3 Others
12.4.3.1 Market Trends
12.4.3.2 Market Forecast
12.5Middle East and Africa
12.5.1 Market Trends
12.5.2 Market Breakup by Country
12.5.3 Market Forecast
13 SWOT Analysis
13.1Overview
13.2Strengths
13.3Weaknesses
13.4Opportunities
13.5Threats
14 Value Chain Analysis
15 Porters Five Forces Analysis
15.1Overview
15.2Bargaining Power of Buyers
15.3Bargaining Power of Suppliers
15.4Degree of Competition
15.5Threat of New Entrants
15.6Threat of Substitutes
16 Price Analysis
17 Competitive Landscape
17.1Market Structure
17.2Key Players
17.3Profiles of Key Players
17.3.1Aerotel Medical Systems (1998) Ltd.
17.3.1.1 Company Overview
17.3.1.2 Product Portfolio
17.3.2Allscripts Healthcare Solutions Inc.
17.3.2.1 Company Overview
17.3.2.2 Product Portfolio
17.3.2.3 Financials
17.3.2.4 SWOT Analysis
17.3.3AMD Global Telemedicine Inc.
17.3.3.1 Company Overview
17.3.3.2 Product Portfolio
17.3.4American Well Corporation
17.3.4.1 Company Overview
17.3.4.2 Product Portfolio
17.3.4.3 Financials
17.3.5Cigna Corporation
17.3.5.1 Company Overview
17.3.5.2 Product Portfolio
17.3.5.3 Financials
17.3.5.4 SWOT Analysis
17.3.6Cisco Systems Inc.
17.3.6.1 Company Overview
17.3.6.2 Product Portfolio
17.3.6.3 Financials
17.3.6.4 SWOT Analysis
17.3.7Doxy.me Inc.
17.3.7.1 Company Overview
17.3.7.2 Product Portfolio
17.3.8HealthTap Inc.
17.3.8.1 Company Overview
17.3.8.2 Product Portfolio
17.3.9PlushCare Inc. (Accolade Inc.)
17.3.9.1 Company Overview
17.3.9.2 Product Portfolio
17.3.10SHL Telemedicine
17.3.10.1 Company Overview
17.3.10.2 Product Portfolio
17.3.11SOC Telemed Inc. (Patient Square Capital)
17.3.11.1 Company Overview
17.3.11.2 Product Portfolio
17.3.12Teladoc Health Inc.
17.3.12.1 Company Overview
17.3.12.2 Product Portfolio
17.3.12.3 Financials
17.3.13Twilio Inc.
17.3.13.1 Company Overview
17.3.13.2 Product Portfolio
17.3.13.3 Financials
17.3.13.4 SWOT Analysis
Figure 1: Global: Telemedicine Market: Major Drivers and Challenges
Figure 2: Global: Telemedicine Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Telemedicine Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Telemedicine Market: Breakup by Component (in %), 2022
Figure 5: Global: Telemedicine Market: Breakup by Modality (in %), 2022
Figure 6: Global: Telemedicine Market: Breakup by Delivery Mode (in %), 2022
Figure 7: Global: Telemedicine Market: Breakup by Facility (in %), 2022
Figure 8: Global: Telemedicine Market: Breakup by Application (in %), 2022
Figure 9: Global: Telemedicine Market: Breakup by End User (in %), 2022
Figure 10: Global: Telemedicine Market: Breakup by Region (in %), 2022
Figure 11: Global: Telemedicine (Product) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Telemedicine (Product) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Telemedicine (Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Telemedicine (Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Telemedicine (Real-time) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Telemedicine (Real-time) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Telemedicine (Store and Forward) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Telemedicine (Store and Forward) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Telemedicine (Other Modalities) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Telemedicine (Other Modalities) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Telemedicine (Web/Mobile) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Telemedicine (Web/Mobile) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Telemedicine (Call Centers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Telemedicine (Call Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Telemedicine (Tele-hospital) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Telemedicine (Tele-hospital) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Telemedicine (Tele-home) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Telemedicine (Tele-home) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Telemedicine (Teledermatology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Telemedicine (Teledermatology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Telemedicine (Teleradiology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Telemedicine (Teleradiology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Telemedicine (Telepsychiatry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Telemedicine (Telepsychiatry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Telemedicine (Telepathology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Telemedicine (Telepathology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Telemedicine (Telecardiology) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Telemedicine (Telecardiology) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Telemedicine (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Telemedicine (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Telemedicine (Providers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Telemedicine (Providers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Telemedicine (Payers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Telemedicine (Payers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Telemedicine (Patients) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Telemedicine (Patients) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Global: Telemedicine (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Global: Telemedicine (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: North America: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: North America: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: United States: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: United States: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Canada: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Canada: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Asia-Pacific: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Asia-Pacific: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: China: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: China: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Japan: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Japan: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: India: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: India: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: South Korea: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: South Korea: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Australia: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Australia: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Indonesia: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Indonesia: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Europe: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Europe: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Germany: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Germany: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: France: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: France: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: United Kingdom: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: United Kingdom: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Italy: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Italy: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Spain: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Spain: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Russia: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Russia: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Others: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Others: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Latin America: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Latin America: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Brazil: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Brazil: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Mexico: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Mexico: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Others: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Others: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 95: Middle East and Africa: Telemedicine Market: Sales Value (in Million US$), 2017 & 2022
Figure 96: Middle East and Africa: Telemedicine Market: Breakup by Country (in %), 2022
Figure 97: Middle East and Africa: Telemedicine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 98: Global: Telemedicine Industry: SWOT Analysis
Figure 99: Global: Telemedicine Industry: Value Chain Analysis
Figure 100: Global: Telemedicine Industry: Porter's Five Forces Analysis
Table 1: Global: Telemedicine Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Telemedicine Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Telemedicine Market Forecast: Breakup by Modality (in Million US$), 2023-2028
Table 4: Global: Telemedicine Market Forecast: Breakup by Delivery Mode (in Million US$), 2023-2028
Table 5: Global: Telemedicine Market Forecast: Breakup by Facility (in Million US$), 2023-2028
Table 6: Global: Telemedicine Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 7: Global: Telemedicine Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 8: Global: Telemedicine Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 9: Global: Telemedicine Market: Competitive Structure
Table 10: Global: Telemedicine Market: Key Players
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