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Telemedicine Market - Global Industry Analysis (2017-2020). Growth Trends and Market Forecast (2021-2025)

  • ID: 5261793
  • Report
  • November 2020
  • Region: Global
  • 360 Pages
  • Fairfield Market Research

FEATURED COMPANIES

  • 2nd.MD
  • American Well
  • Cerner Corporation
  • Doxy.me
  • McKesson Corporation
  • Polycom Inc.

This latest report presents unique insight about the global telemedicine market. The report discusses the disruption caused by COVID-19 in the healthcare system and presents a functional solution for the same. According to the analysts, the global telemedicine market is expected to surge as it offers a best possible way for handling the medical consultations during the ongoing pandemic.

Key Highlights

  • Telemedicine is widely being adopted as social distancing and quarantine has become the new normal
  • Virtual medical assistance is one of the essential services during COVID-19
  • Cloud-based solutions will boost demand for mobile or web based model segment
  • North America is expected to dominate the global market as it is technologically advanced
  • Key players are investing in research and development activities to stay ahead in the competition

The global telemedicine market is expected to flourish during the forecast period as the pandemic provides great opportunities. With solutions such as improved clinical management, effective care delivery and reduced variations in diagnosis by improving access and quality to healthcare services, the telemedicine solutions could be the best way of handling remote healthcare.

Global outbreak of Coronavirus has boosted the market as these solutions help patients to communicate effectively to their caregivers. Virtual care delivery is a massive step up during the times of social distancing.

WHO has declared telemedicine as one of the essential services during COVID-19 emergency, offering the best possible way out for healthcare care providers. Reduced stress on medical professionals has been the key driving factor for the global telemedicine market during the pandemic. Telemedicine is one of the most versatile technologies that provides healthcare, health information and health education. It has aided in reducing frequency of hospitalization and emergency room visits, thus reducing the chances of cross contamination and hospital-acquired infections.

However, the market is expected to face certain restraints during the forecast period. The market might be affected due to lesser acceptance of technology by numerous patients and practitioners. High cost of implementation is another factor affecting the growth of the factor. Practitioners and patients are also skeptical about safety issues and data privacy. Furthermore, poor access to internet in rural parts of the world and technological ineptness are expected to tug the market in the opposite direction.

Mobile or web-based model is expected to flourish in the global market as it provides direct access to care delivery solutions. This segment will witness significant growth as it allows delivers ease of operation and cost effectiveness. Technological advancements and wide acceptance of cloud-based solutions are expected to boost the demand for this segment.

North America is expected to dominate the global market as this region has developed healthcare facility along with consumer awareness. Asia pacific is also expected to witness positive growth due to developing economies such as China and India. Development and innovation in telecommunication will boost the demand for telemedicine in this region.

Key players are focusing on research and development activities to generate technologically advanced systems that allow timely follow ups, reminders and predictive analysis. This will provide them with competitive advantage in the coming years. The market is expected to witness high competition due to entrance of new startups that are actively seeking opportunities in this sector.

The key players operating in the global telemedicine market are 2nd.MD, Allscripts Healthcare Solutions Inc, AMD Global Telemedicine, American Well, BioTelemetry, Blue Sky Telehealth, Cerner Corporation, Cisco Systems, Doctolib, Eagle Telemedicine, Honeywell International Inc, iCLiniq, InSight, InTouch Technologies, Koninklijke Philips N.V., McKesson Corporation, MDLive, MeMD, OBS Medical, Polycom Inc., SOC Telemed and Specialist Telemed.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 2nd.MD
  • American Well
  • Cerner Corporation
  • Doxy.me
  • McKesson Corporation
  • Polycom Inc.

1. Executive Summary
1.1. Global Telemedicine Market Outlook, 2017 - 2025 (US$ Million)
1.2. Telemedicine Market Segment Overview, 2017 - 2025 (US$ Million)
1.3. Key Industry Trends

2. Market Overview
2.1. Market Segmentations and Definitions
2.2. Market Dynamics
2.3. Reimbursement Scenario
2.4. COVID-19 Impact Analysis
2.5. SWOT Analysis

3. Global Telemedicine Market Outlook, 2017-2025
3.1. Global Telemedicine Market Outlook, By Component, 2017-2025
3.1.1. Key Highlights
3.1.2. Global Telemedicine Market Outlook, by Component, Value (US$ Million), 2017 – 2025 
3.1.2.1. Hardware
3.1.2.2. Software
3.1.2.3. Services
3.1.3. Global Telemedicine Market Attractiveness Analysis, by Component, 2017-2025
3.2. Global Telemedicine Market Outlook, By Specialty, 2017-2025
3.2.1. Key Highlights
3.2.2. Global Telemedicine Market Outlook, by Specialty, Value (US$ Million), 2017 – 2025 
3.2.2.1. Teleradiology
3.2.2.2. Telepathology
3.2.2.3. Teledermatology
3.2.2.4. Telepsychiatry
3.2.2.5. Telecardiology
3.2.2.6. Others
3.2.3. Global Telemedicine Market Attractiveness Analysis, by Specialty, 2017-2025
3.3. Global Telemedicine Market Outlook, By Modality, 2017-2025
3.3.1. Key Highlights
3.3.2. Global Telemedicine Market Outlook, by Modality, Value (US$ Million), 2017 – 2025
3.3.2.1. Store & forward
3.3.2.2. Real-time Interaction
3.3.2.3. Remote patient monitoring
3.3.2.4. Others
3.3.3. Global Telemedicine Market Attractiveness Analysis, by Modality, 2017-2025
3.4. Global Telemedicine Market Outlook, By End User, 2017-2025
3.4.1. Key Highlights
3.4.2. Global Telemedicine Market Outlook, by End User, Value (US$ Million), 2017 – 2025
3.4.2.1. Hospitals
3.4.2.2. Home Care Settings
3.4.3. Global Telemedicine Market Attractiveness Analysis, by End User, 2017-2025
3.5. Global Telemedicine Market Outlook, By Region, 2017-2025
3.5.1. Key Highlights
3.5.2. Global Telemedicine Market Outlook, by Region, Value (US$ Million), 2017 – 2025
3.5.2.1. North America
3.5.2.2. Europe
3.5.2.3. Asia Pacific
3.5.2.4. Latin America
3.5.2.5. Middle East & Africa
3.5.3. Global Telemedicine Market Attractiveness Analysis, by Region, 2017-2025

4. North America Telemedicine Market Outlook, 2017-2025
4.1. North America Telemedicine Market Outlook, By Component, 2017-2025
4.1.1. Key Highlights
4.1.2. North America Telemedicine Market Outlook, by Component, Value (US$ Million), 2017 – 2025 
4.1.2.1. Hardware
4.1.2.2. Software
4.1.2.3. Services
4.1.3. North America Telemedicine Market Attractiveness Analysis, by Component, 2017-2025
4.2. North America Telemedicine Market Outlook, By Specialty, 2017-2025
4.2.1. Key Highlights
4.2.2. North America Telemedicine Market Outlook, by Specialty, Value (US$ Million), 2017 – 2025 
4.2.2.1. Teleradiology
4.2.2.2. Telepsychiatry
4.2.2.3. Telecardiology
4.2.2.4. Teledermatology
4.2.2.5. Telepathology
4.2.2.6. Others
4.2.3. North America Telemedicine Market Attractiveness Analysis, by Specialty, 2017-2025
4.3. North America Telemedicine Market Outlook, By Modality, 2017-2025
4.3.1. Key Highlights
4.3.2. North America Telemedicine Market Outlook, by Modality, Value (US$ Million), 2017 – 2025
4.3.2.1. Store-and-forward
4.3.2.2. Remote patient monitoring
4.3.2.3. Real-time Interaction
4.3.2.4. Others
4.3.3. North America Telemedicine Market Attractiveness Analysis, by Modality, 2017-2025
4.4. North America Telemedicine Market Outlook, By End User, 2017-2025
4.4.1. Key Highlights
4.4.2. North America Telemedicine Market Outlook, by End User, Value (US$ Million), 2017 – 2025
4.4.2.1. Hospitals
4.4.2.2. Home Care Settings
4.4.3. North America Telemedicine Market Attractiveness Analysis, by End User, 2017-2025
4.5. North America Telemedicine Market Outlook, By Country, 2017-2025
4.5.1. Key Highlights
4.5.2. North America Telemedicine Market Outlook, by Country, Value (US$ Million), 2017 – 2025
4.5.2.1. United States
4.5.2.2. Canada
4.5.3. North America Telemedicine Market Attractiveness Analysis, by Country, 2017-2025

5. Europe Telemedicine Market Outlook, 2017-2025
5.1. Europe Telemedicine Market Outlook, By Component, 2017-2025
5.1.1. Key Highlights
5.1.2. Europe Telemedicine Market Outlook, by Component, Value (US$ Million), 2017 – 2025 
5.1.3. Europe Telemedicine Market Attractiveness Analysis, by Component, 2017-2025
5.2. Europe Telemedicine Market Outlook, By Specialty, 2017-2025
5.2.1. Key Highlights
5.2.2. Europe Telemedicine Market Outlook, by Specialty, Value (US$ Million), 2017 – 2025 
5.2.3. Europe Telemedicine Market Attractiveness Analysis, by Specialty, 2017-2025
5.3. Europe Telemedicine Market Outlook, By Modality, 2017-2025
5.3.1. Key Highlights
5.3.2. Europe Telemedicine Market Outlook, by Modality, Value (US$ Million), 2017 – 2025
5.3.3. Europe Telemedicine Market Attractiveness Analysis, by Modality, 2017-2025
5.4. Europe Telemedicine Market Outlook, By End User, 2017-2025
5.4.1. Key Highlights
5.4.2. Europe Telemedicine Market Outlook, by End User, Value (US$ Million), 2017 – 2025
5.4.3. Europe Telemedicine Market Attractiveness Analysis, by End User, 2017-2025
5.5. Europe Telemedicine Market Outlook, By Country, 2017-2025
5.5.1. Key Highlights
5.5.2. Europe Telemedicine Market Outlook, by Country, Value (US$ Million), 2017 – 2025
5.5.2.1. Germany
5.5.2.2. France
5.5.2.3. United Kingdom
5.5.2.4. Italy
5.5.2.5. Spain
5.5.2.6. Eastern Europe
5.5.2.7. Rest of Europe
5.5.3. Europe Telemedicine Market Attractiveness Analysis, by Country, 2017-2025

6. Asia Pacific Telemedicine Market Outlook, 2017-2025
6.1. Asia Pacific Telemedicine Market Outlook, By Component, 2017-2025
6.1.1. Key Highlights
6.1.2. Asia Pacific Telemedicine Market Outlook, by Component, Value (US$ Million), 2017 – 2025 
6.1.3. Asia Pacific Telemedicine Market Attractiveness Analysis, by Component, 2017-2025
6.2. Asia Pacific Telemedicine Market Outlook, By Specialty, 2017-2025
6.2.1. Key Highlights
6.2.2. Asia Pacific Telemedicine Market Outlook, by Specialty, Value (US$ Million), 2017 – 2025 
6.2.3. Asia Pacific Telemedicine Market Attractiveness Analysis, by Specialty, 2017-2025
6.3. Asia Pacific Telemedicine Market Outlook, By Modality, 2017-2025
6.3.1. Key Highlights
6.3.2. Asia Pacific Telemedicine Market Outlook, by Modality, Value (US$ Million), 2017 – 2025
6.3.3. Asia Pacific Telemedicine Market Attractiveness Analysis, by Modality, 2017-2025
6.4. Asia Pacific Telemedicine Market Outlook, By End User, 2017-2025
6.4.1. Key Highlights
6.4.2. Asia Pacific Telemedicine Market Outlook, by End User, Value (US$ Million), 2017 – 2025
6.4.3. Asia Pacific Telemedicine Market Attractiveness Analysis, by End User, 2017-2025
6.5. Asia Pacific Telemedicine Market Outlook, By Country, 2017-2025
6.5.1. Key Highlights
6.5.2. Asia Pacific Telemedicine Market Outlook, by Country, Value (US$ Million), 2017 – 2025
6.5.2.1. Japan
6.5.2.2. China
6.5.2.3. India
6.5.2.4. Australia & New Zealand
6.5.2.5. South East Asia
6.5.2.6. Rest of Asia Pacific
6.5.3. Asia Pacific Telemedicine Market Attractiveness Analysis, by Country, 2017-2025

7. Latin America Telemedicine Market Outlook, 2017-2025
7.1. Latin America Telemedicine Market Outlook, By Component, 2017-2025
7.1.1. Key Highlights
7.1.2. Latin America Telemedicine Market Outlook, by Component, Value (US$ Million), 2017 – 2025 
7.1.3. Latin America Telemedicine Market Attractiveness Analysis, by Component, 2017-2025
7.2. Latin America Telemedicine Market Outlook, By Specialty, 2017-2025
7.2.1. Key Highlights
7.2.2. Latin America Telemedicine Market Outlook, by Specialty, Value (US$ Million), 2017 – 2025 
7.2.3. Latin America Telemedicine Market Attractiveness Analysis, by Specialty, 2017-2025
7.3. Latin America Telemedicine Market Outlook, By Modality, 2017-2025
7.3.1. Key Highlights
7.3.2. Latin America Telemedicine Market Outlook, by Modality, Value (US$ Million), 2017 – 2025
7.3.3. Latin America Telemedicine Market Attractiveness Analysis, by Modality, 2017-2025
7.4. Latin America Telemedicine Market Outlook, By End User, 2017-2025
7.4.1. Key Highlights
7.4.2. Latin America Telemedicine Market Outlook, by End User, Value (US$ Million), 2017 – 2025
7.4.3. Latin America Telemedicine Market Attractiveness Analysis, by End User, 2017-2025
7.5. Latin America Telemedicine Market Outlook, By Country, 2017-2025
7.5.1. Key Highlights
7.5.2. Latin America Telemedicine Market Outlook, by Country, Value (US$ Million), 2017 – 2025
7.5.2.1. Brazil
7.5.2.2. Argentina
7.5.2.3. Mexico
7.5.2.4. Rest of Latin America
7.5.3. Latin America Telemedicine Market Attractiveness Analysis, by Country, 2017-2025

8. Middle East & Africa Telemedicine Market Outlook, 2017-2025
8.1. Middle East & Africa Telemedicine Market Outlook, By Component, 2017-2025
8.1.1. Key Highlights
8.1.2. Middle East & Africa Telemedicine Market Outlook, by Component, Value (US$ Million), 2017 – 2025 
8.1.3. Middle East & Africa Telemedicine Market Attractiveness Analysis, by Component, 2017-2025
8.2. Middle East & Africa Telemedicine Market Outlook, By Specialty, 2017-2025
8.2.1. Key Highlights
8.2.2. Middle East & Africa Telemedicine Market Outlook, by Specialty, Value (US$ Million), 2017 – 2025 
8.2.3. Middle East & Africa Telemedicine Market Attractiveness Analysis, by Specialty, 2017-2025
8.3. Middle East & Africa Telemedicine Market Outlook, By Modality, 2017-2025
8.3.1. Key Highlights
8.3.2. Middle East & Africa Telemedicine Market Outlook, by Modality, Value (US$ Million), 2017 – 2025
8.3.3. Middle East & Africa Telemedicine Market Attractiveness Analysis, by Modality, 2017-2025
8.4. Middle East & Africa Telemedicine Market Outlook, By End User, 2017-2025
8.4.1. Key Highlights
8.4.2. Middle East & Africa Telemedicine Market Outlook, by End User, Value (US$ Million), 2017 – 2025
8.4.3. Middle East & Africa Telemedicine Market Attractiveness Analysis, by End User, 2017-2025
8.5. Middle East & Africa Telemedicine Market Outlook, By Country, 2017-2025
8.5.1. Key Highlights
8.5.2. Middle East & Africa Telemedicine Market Outlook, by Country, Value (US$ Million), 2017 – 2025
8.5.2.1. Israel
8.5.2.2. Saudi Arabia
8.5.2.3. United Arab Emirates
8.5.2.4. South Africa
8.5.2.5. Rest of Middle East & Africa
8.5.3. Middle East & Africa Telemedicine Market Attractiveness Analysis, by Country, 2017-2025

9. Competitive Landscape
9.1. Company Market Share Analysis
9.2. Strategic Collaborations
9.3. Company Profiles
9.3.1. 2nd.MD
9.3.1.1. Company overview
9.3.1.2. Financial performance
9.3.1.3. Product Portfolio
9.3.1.4. Recent Developments
Above details will include, but not be limited to below list of companies based on availability
9.3.2. Allscripts Healthcare Solutions Inc.
9.3.3. AMD Global Telemedicine
9.3.4. Amwell (American Well)
9.3.5. BioTelemetry
9.3.6. Cerner Corporation
9.3.7. Cisco Systems
9.3.8. Doctor On Demand, Inc.
9.3.9. Doxy.me
9.3.10. Enghouse Vidyo
9.3.11. GE Healthcare
9.3.12. Resideo Life Care Solutions (Honeywell)
9.3.13. Koninklijke Philips N.V.
9.3.14. McKesson Corporation
9.3.15. Medtronic
9.3.16. MDLIVE Inc.
9.3.17. Polycom (Plantronics, Inc.)
9.3.18. Teladoc Health
9.3.19. VirTrial (Signant Health)
9.3.20. vRad (MEDNAX)

10. Appendix
10.1. Research Methodology
10.2. Report Assumptions

Note: Product cover images may vary from those shown

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A selection of companies mentioned in this report includes:

  • 2nd.MD
  • AMD Global Telemedicine
  • Allscripts Healthcare Solutions Inc.
  • American Well
  • BioTelemetry
  • Cerner Corporation
  • Cisco Systems
  • Doxy.me
  • Honeywell International Inc.
  • Koninklijke Philips N.V.
  • MDLive
  • McKesson Corporation
  • Polycom Inc.
  • Teladoc Health
  • Vidyo
  • VirTrial, LLC
  • vRad (MEDNAX)
Note: Product cover images may vary from those shown

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