Global Telemedicine Market Segmentation Analysis Report 2021-2026 | Global Telemedicine Industry Analysis on Size, Share, Growth, Trends, Demand, Competitive Analysis, and Forecast Report 2021-2026

Published: September 2020  |  Report ID:1020  | Pages: 150

Global Telemedicine Market Research Overview:

The global Telemedicine Market value is estimated at USD 50 billion in 2020 and is projected to reach USD 81 billion by 2026 at a CAGR of 19% during forecast period 2021-2026. Telemedicine is a tool, which is used to coordinate both healthcare professionals and patients from different areas and enable the patients to achieve better guidance on healthcare solutions. From the past few years telemedicine is gaining more momentum across the globe including in developed nations and as well as in developing nations owing to increasing chronic diseased patient pool and geriatric patients, who require continuous long term treatment guidance and solutions.

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Global telemedicine market is segmented based on component, application, delivery mode, type, and, end use. Component is segmented into product and services, application is segmented into teleradiology, telepathology, teledermatology, and others. Delivery mode is segmented into web/mobile and call centers. End use is segmented into providers, payers, patients, and others. Based on region the market is segregated into North America, Europe, Asia-Pacific, Latin America, and Middle-East & Africa.

COVID-19 Impact on Telemedicine Market:

Moreover, sudden outbreak of novel viruses, like coronavirus (COVID-19), is expected to support the adoption of telemedicine and further increase the utilization of telemedicine across the globe, as telemedicine solutions help healthcare professionals to communicate effectively with patients during such pandemic or other health emergency situations and enable to provide better solutions to patients on their health concerns. However, currently due to COVID-19 social distancing is the major preventive route to avoid spread of corona virus, which is strongly implemented by various countries around the world, and seeking to offer virtual care delivery for the patients, who are in need of regular or continuous treatment solutions. Similarly, WHO and other organizations are strongly recommending to prefer telemedicine as one of the essential services and should include such service policies in their healthcare solutions. Considering these scenarios telemedicine is anticipated to show robust growth over the coming next few years, as it is stepping up as an effective solution for safe and better communication.

In addition to increased pressure on hospitals and other healthcare professionals to improve the quality of care and reduce the burden on medical professionals is anticipated to further boost the adoption of telemedicine during forecast period. Moreover, telemedicine is considered as to be the most unique technology available in healthcare industry while delivering health education, health information, and health care at a distance places and remote places. Growing technological advancements is further enabling the companies to develop easy & simple software and hardware components for telemedicine, which further grabs the attention of healthcare professionals and patients and thereby increase access to remote locations.

Furthermore, telemedicine services help in reducing emergency room visits and rate of hospitalization, which is expected to offer lots of economical benefits to patients and this further expected to be a driving factor for the growth of telemedicine market.

Major Leading Key Players listed in this report are:

Leading players operating in the global Telemedicine market include Philips Healthcare, IBM, Teladoc; iCliniq, Doctor on Demand, American Telecare Inc, Intel Corporation, Cisco, McKesson Corporation, GE healthcare, AMD Telemedicine, 3m Health Information Systems, CardioNet Inc., and Medic4all, CirrusMD Inc. 

According to our research study the major developments have occurred in Global Telemedicine Market:

Sl, No

Year

Product Launch/Collaborations/Acquisition/Recent Development

1

In April 2019

InTouch Health announced the release of Solo

2

In April 2019

Comcast collaborated with the Independence Health Group to develop new patient care and communication platform 2019,

4

In 2017

ZH health care partnered with the Curavi Health Telemedicine Company

5

In 2019

American Well (US) launched American Well Telehealth Clinical App in Epic’s App Orchard

6

In 2019

Koninklikje Phillips launched IntelliSpace Cognition platform

7

In 2018

Koninklikje Phillips in partnership with Sowa University.

launched Japan’s first telemedicine TeleICU

 

Detailed Segmentation Analysis of the Global Telemedicine Market:

Segment1: By Component:

  • Product
    1. Hardware
    2. Software
    3. Others
  • Services
    1. Tele-consulting
    2. Tele-monitoring
    3. Tele-education

Segment2: By Application:

  • Teleradiology
  • Telepathology
  • Teledermatology
  • Telecardiology
  • Others

Segment3: By Delivery Model:

  • Web/Mobile
    1. Telephonic
    2. Visualized
  • Call Centers

Segment 4: By Type:

  • Tele-hospital
  • Tele-home

Segment5: By End-use:

  • Providers
  • Payers
  • Patients
  • Others

Geographical Classification of the Global Telemedicine Market:

  • North America
    • United States
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle-East & Africa

1. Preface

                1.1 Market Definition and Scope

                1.2 Base Currency, Base Year and Forecast Periods

                1.3 Key Research Objectives

                1.4 Research Highlights

2. General Study Assumptions

3. Research Methodology

                3.1 Introduction

                3.2 Secondary Research

                3.3 Primary Research

                3.4 Analysis Design

                3.5 Study Timeline

4. Market Dynamics

                4.1 Drivers

                4.2 Restraints

                4.3 Opportunities

                4.4 Market Trends

5. Supply Chain Analysis

6. Company Strategy Analysis

                6.1 Merger and Acquisition Analysis

                6.2 Agreements, Collaborations and Joint Ventures

                6.3 Regional Presence

                6.4 New Product Launches

7. Market Outlook

                7.1 Technological Advancement

                7.2 Pricing Analysis

                7.3 Epidemiology

                7.4 Product Landscape Analysis (Brand Tracking Analysis & Pipeline Analysis)

8. Market Segmentation

                8.1 Overview

                8.2 Global Telemedicine Market, By Component, forecast year 2021-2026

                                8.2.1 Product

                                                8.2.1.1 Hardware

                                                8.2.1.2 Software

                                                8.2.1.3 Others

                                8.2.2 Services

                                                8.2.2.1 Tele-consulting

                                                8.2.2.2 Tele-monitoring

                                                8.2.2.3 Tele-education

                                8.2.3 Market Size Estimations & Forecasts (2021-2026)

                                8.2.4 Y-o-Y Growth Analysis

                                8.2.5 Market Investment Opportunities Analysis

                8.3 Global Telemedicine Market, By Application, forecast year 2021-2026

                                8.3.1 Teleradiology

                                8.3.2 Telepathology

                                8.3.3 Teledermatology

                                8.3.4 Telecardiology

                                8.3.5 Others

                                8.3.6 Market Size Estimations & Forecasts (2021-2026)

                                8.3.7 Y-o-Y Growth Analysis

                                8.3.8 Market Investment Opportunities Analysis

                8.4 Global Telemedicine Market, By Delivery Model, forecast year 2021-2026

                                8.4.1 Web/Mobile

                                                8.4.1.1 Telephonic

                                                8.4.1.2 Visualized

                                8.4.2 Call Centers

                                8.4.3 Market Size Estimations & Forecasts (2021-2026)

                                8.4.4 Y-o-Y Growth Analysis

                                8.4.5 Market Investment Opportunities Analysis

                8.5 Global Telemedicine Market, By Type, forecast year 2021-2026

                                8.5.1 Tele-hospital

                                8.5.2 Tele-home

                                8.4.3 Market Size Estimations & Forecasts (2021-2026)

                                8.4.4 Y-o-Y Growth Analysis

                                8.4.5 Market Investment Opportunities Analysis

                8.6 Global Telemedicine Market, By End Use forecast year 2021-2026

                                8.6.1 Providers

                                8.6.2 Payers

                                8.6.3 Patients

                                8.6.4 Others

                                8.6.5 Market Size Estimations & Forecasts (2021-2026)

                                8.6.6 Y-o-Y Growth Analysis

                                8.6.7 Market Investment Opportunities Analysis

9. Global Market Regional and Country Analysis, Forecast 2021-2026

                9.1 Overview

                9.2 Regional Trends

                9.3 Impact Analysis

                9.4 Key Findings

                9.5 Global Telemedicine Market,  by Region, 2021-2026

                                9.5.1 By Component

                                9.5.2 By Application

                                9.5.3 By Delivery Model

                                9.5.4 By Type

                                9.5.5 By End-use

10. Competitive Landscape Analysis

                10.1 Market Player

                                10.1.1 Company Revenue

                                10.1.2 Business unit

                                10.1.3 Product Mapping

                                10.1.4 Geographical Locations

                10.2 Company Share Analysis

11. Strategic Analysis

                11.1 PESTLE analysis

                11.2 Porter’s Five analysis

                                11.2.1 Bargaining Power of Suppliers

                                11.2.2 Bargaining Power of Consumers

                                11.2.3 Threat of New Entrants

                                11.2.4 Threat of Substitute Products and Services

                                11.2.5 Competitive Rivalry within the Industry

12. Company Profiles

                12.1 Philips Healthcare

                                12.1.1 Overview

                                12.1.2 Product Portfolio

                                12.1.3 Financial Details

                                12.1.4 SWOT Analysis

                                12.1.5 Market Strategies

                12.2 IBM

                12.3 Teladoc

                12.4 iCliniq

                12.5 Doctor on Demand

                12.6 American Telecare Inc

                12.7 GE healthcare

                12.8 AMD Telemedicine

                12.9 3m Health Information Systems

13. Market Guidance

14. Appendix