DUBLIN--(BUSINESS WIRE)--The "Telemedicine: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
In the changed post COVID-19 business landscape, the global market for Telemedicine estimated at US$60.1 Billion in the year 2022, is projected to reach a revised size of US$523.1 Billion by 2030, growing at a CAGR of 31% over the analysis period 2022-2030.
Software & Services, one of the segments analyzed in the report, is projected to record 30.3% CAGR and reach US$361.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Hardware segment is readjusted to a revised 32.9% CAGR for the next 8-year period.
The Telemedicine market in the U.S. is estimated at US$19.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$53.8 Billion by the year 2030 trailing a CAGR of 36.9% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 27.1% and 28% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 29.8% CAGR.
MARKET OVERVIEW
- Telemedicine - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- A Prelude to Telemedicine
- Telemedicine Advantages
- Types of Procedures Supported by Telemedicine
- Benefits for Patients & Providers
- COVID-19 Expedites Healthcare Ecosystem's Evolution for Better Care & Cost Savings
- Covid-19 Pandemic Accelerates Broader Use of Telemedicine
- Telemedicine Leads Digital Health Investments Driven by Covid-19: Leading Categories of Digital Health by Funding (In US$ 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/w6nxcr
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