The global telemedicine market totaled $31.2 billion in 2018 and is estimated to reach $72.5 billion by 2023, growing at a compound annual growth rate (CAGR) of 18.3% for the period of 2018-2023.
24 data tables and 26 additional tables
An overview of the global telemedicine market
Country specific data and analysis for United States, Canada, Mexico, UK, France, Germany, China, India, Japan, Brazil, South Africa and GCC Countries
Detailed description of telemedicine hardware providers, software providers, telecom and networking companies, healthcare companies, and health insurance providers
Evaluation of the potential role of telemedicine to improve collaborative healthcare status
Identification of new technological developments and latest business trends developing in the telemedicine market
Comprehensive company profiles of key players in the market, including IBM Corp., Medtronic Inc., Siemens Healthcare, Agfa HealthCare NV and BioTelemetry Inc.
Telemedicine involves two-way communication between healthcare providers and their patients using audio and/or video technology. It is defined as exchange of medical information from one site to another through electronic communications. This report analyzes the market trends of telemedicine technologies with data from 2016, estimates from 2017 and projections of compound annual growth rates through 2022 (forecast period 2017 - 2022), as well as regional markets for telemedicine.
The markets in this report have been segmented based on type, products, services, clinical applications and geography. The type segment in this report covers telehospital/teleclinics and telehome. The product types covered in this report include hardware and software, as well as telecommunications, networks and connectivity. The hardware segment is further divided into home care hardware and telehospital/teleclinic hardware. Home care hardware covers monitoring and diagnostic equipment. Telehospital/teleclinic hardware includes videoconferencing units and store-and-forward units (such as teleimaging equipment and pathological units). The software segment is further divided into clinical outcome practice evaluators, e-prescriptions, diagnostic software and electronic health records. Based on service type, the markets in this report are divided into teleconsultation, telemonitoring, tele-education, telecare, teletraining and telesurgery. Telemedicine clinical applications cover therapeutic areas such as radiology, cardiology, psychiatry, pathology, neurology, dermatology, orthopedics, emergency care and gynecology, as well as end-user applications like hospitals, clinics and home care.
The research uncovers many paradigms shifts in the studied market in terms of regional competitive advantage, competitive landscape among the key players in the telemedicine industry and market dynamics. A holistic study of the market has been carried out by incorporating factors needed to analyze future trends, including country-specific demographic conditions, business cycles and market-specific microeconomic influences. The report provides a comprehensive review of market drivers, restraints, opportunities and available patents. Key vendor analysis and new products and developments with financials are also provided to enable easy decision-making.