Telemedicine Market Players, Industry Analysis, Opportunity and Forecast to 2030
Telemedicine is the use of
telecommunication and information technologies to provide healthcare services
remotely. It includes various healthcare services such as consultations,
diagnoses, treatment, and monitoring of patients. The telemedicine market has
been rapidly growing due to technological advancements and increased adoption
of telemedicine services.
The telemedicine
market was valued USD 67.3 Billion in 2021 and is expected to surpass the value of over USD 405.93 Billion by the year 2030 while registering a CAGR of 22.1% during the
forecast period 2022-2030.
The market can be
segmented based on type, application, and region. Based on type, the
telemedicine market can be segmented into real-time telemedicine,
store-and-forward telemedicine, and remote patient monitoring. Real-time
telemedicine involves the use of live video conferencing to provide healthcare
services, while store-and-forward telemedicine involves the exchange of medical
information between healthcare providers. Remote patient monitoring involves
the use of connected devices to monitor and collect patient data remotely.
Segment Analysis
The global telemedicine market is segmented based on
service type, component, deployment, application, and end-user.
By service type, the market has been segmented into
telenursing, tele pharmacy, teleradiology, tele dermatology, tele-oncology, others.
By component, the market has been segmented into
software and hardware. The software segment is further segmented into
integrated software and standalone software. The hardware segment is further
segmented into monitors and medical peripheral devices.
By deployment, the market has been segmented into
cloud-based and on premises.
By application, the market has been segmented into
cardiology, ophthalmology, psychiatry, radiology, dermatology, and others.
By end-users, the market has been segmented into
hospitals, clinics, home care.
Major Key
Players:
Notable Telemedicine Market Players are AMD Global Telemedicine,
Inc., CareClix, Cisco, IBM Corporation, Iris Telehealth, Medtronic, TeleVital,
Allscripts Healthcare Solutions, Honeywell Lifesciences, Care Innovations,
Aerotel Medical Systems Ltd., CardioNet, Cerner Corporation, GENERAL ELECTRIC,
Intel Corporation, Koninklijke Philips N.V., TeleVital, Allscripts Healthcare
Solutions, Honeywell Lifesciences, Care Innovations, Aerotel Medical Systems
Ltd., and others.
The key markets of the global
telemedicine market include the Americas, Europe, Asia-Pacific and the Middle
East & Africa. The us telemedicine account for the largest share of the
market owing to the presence of a well-developed healthcare sector in the
region. Rising adoption of telemedicine, increased expenditure on healthcare
and the concentration of major players in the region are other factors
supporting the dominance of the region. Europe is the second largest market
after the Americas owing to the increased adoption of novel technologies in the
healthcare sector and rising government support to improve healthcare
facilities in the region. Developed economies like Italy, U.K, France, and
others are the key contributors, making western Europe the leading market.
Asia-Pacific is slated to emerge as the fastest growing market due to the
presence of a vast patient pool and growing adoption of telemedicine in the
developing economies of the region including china telemedicine. The Middle
East & Africa hold the smallest share in the global telemedicine market due
to slow adoption of telemedicine owing to weak economic conditions, lack of
adequate health care facilities in the region, especially within Africa.
However, the Middle East market is consolidated and accounts for the majority
share in the Middle East & Africa market.
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