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Global Telemedicine Market Report and Forecast 2023-2031

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  • 140 Pages
  • March 2023
  • Region: Global
  • Expert Market Research
  • ID: 5780658
The global telemedicine market size attained a value of USD 73.1 billion in 2022. The market is estimated to grow at a CAGR of 19.3% during the forecast period of 2023-2031 to reach a value of USD 377.0 billion by 2031. The growth can be attributed to the increased technological advancement and increased adoption of teleconsultation in healthcare.

Global Telemedicine Market: Introduction

The global telemedicine market is experiencing significant growth due to a variety of factors, including technological advancements, increasing healthcare costs, growing demand for remote care, improved patient outcomes, and shortages of healthcare professionals. Key trends in the market include the rising government initiatives and regulations, widespread adoption of electronic health records, increased consumer awareness and acceptance, the COVID-19 pandemic, and growing investment in digital health. As people become more familiar with telemedicine services and their benefits, the demand for these services is likely to increase.

Telemedicine can significantly help address the shortage of healthcare professionals, especially in rural and remote areas, by connecting patients with specialists and other healthcare providers located elsewhere. These drivers have collectively contributed to the rapid expansion of telemedicine services, transforming healthcare delivery and making it more accessible, efficient, and affordable for people worldwide. The future of the telemedicine market looks promising, as ongoing advancements and innovations continue to address global healthcare challenges and improve patient care.

Applications and Uses

The applications, including remote patient monitoring, virtual consultations, mental health services, specialist consultations, chronic disease management, post-operative follow-ups, medication management, medical imaging and diagnostics, emergency care, and medical education and training, have significantly enhanced patient care and expanded access to healthcare services. Telemedicine reduces healthcare costs, saves time for both patients and providers, and improves the overall quality of healthcare services. The ongoing advancements in telecommunication and digital technologies are expected to further drive the growth of the telemedicine market, leading to more innovative applications and a broader impact on global healthcare.

Telemedicine Market Segmentations

The market can be categorised into products and services, mode of delivery, applications, facility, end user, and major regions:

Market Breakup by Products and Services


  • Hardware
  • Software
  • Others


  • Tele-Consulting
  • Tele-Monitoring

Market Breakup by Mode of Delivery

  • On-premises Delivery
  • Cloud-based Delivery

Market Breakup by Therapy Applications

  • Teleradiology
  • Telepsychiatry
  • Telepathology
  • Tele Dermatology
  • Tele Nursing
  • Tele Pharmacy
  • Telestroke
  • Others

Market Breakup by Facility

  • Tele-Hospitals
  • Tele-Home

Market Breakup by End User

  • Providers
  • Patients
  • Payers
  • Others

Market Breakup by Region

North America

  • United States of America
  • Canada


  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Telemedicine Market Analysis

The global telemedicine market has experienced significant growth over the past few years, and this trend is expected to continue in the coming years. Factors such as technological advancements, increasing healthcare costs, an aging population, the prevalence of chronic diseases, government initiatives, the COVID-19 pandemic, and growing consumer acceptance have contributed to the rapid expansion of telemedicine services.

North America, particularly the United States, holds the largest share of the global telemedicine market due to factors such as the widespread adoption of technology, favourable government policies, and the presence of major market players. Europe and the Asia-Pacific regions are also expected to experience significant growth in the telemedicine market, driven by increasing healthcare expenditures, an aging population, and the growing demand for remote healthcare services. The global telemedicine market presents vast opportunities for growth and innovation, and it is expected to play a critical role in shaping the future of healthcare by making it more accessible, efficient, and affordable for people worldwide.

Key Players in the Global Telemedicine Market

The report gives an in-depth analysis of the key players involved in the telemedicine market, sponsors manufacturing the drugs, and putting them through trials to get FDA approvals. The companies included in the market are as follows:
  • MDlive, Inc
  • American Well Corporation
  • Twilio Inc
  • Health, Inc
  • Doctor On Demand, Inc
  • Zoom Video Communications, Inc
  • SOC Telemed, Inc
  • NXGN Management, LLC
  • Plantronics, Inc
  • Practo
  • Vsee
  • Sesame, Inc
  • Doxy.me Inc

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Telemedicine Market Overview
3.1 Global Telemedicine Market Historical Value (2016-2022)
3.2 Global Telemedicine Market Forecast Value (2023-2031)
4 Global Telemedicine Market Landscape
4.1 Global Telemedicine Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Telemedicine Product Landscape
4.2.1 Analysis by Product and Services
4.2.2 Analysis by Mode of Delivery
4.2.3 Analysis by Applications
4.2.4 Analysis by End Users
5 Global Telemedicine Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Telemedicine Market Segmentation
6.1 Global Telemedicine Market by Product & Services
6.1.1 Market Overview
6.1.2 Product Hardware Software Others
6.1.3 Services Tele-Consulting Tele-Monitoring
6.2 Global Telemedicine Market by Mode of Delivery
6.2.1 Market Overview
6.2.2 On-premises Delivery
6.2.3 Cloud-based Delivery
6.3 Global Telemedicine Market by Applications
6.3.1 Market Overview
6.3.2 Teleradiology
6.3.3 Telepsychiatry
6.3.4 Telepathology
6.3.5 Tele Dermatology
6.3.6 Tele Nursing
6.3.7 Tele Pharmacy
6.3.8 Telestroke
6.3.9 Others
6.4 Global Telemedicine Market by Facility
6.4.1 Market Overview
6.4.2 Tele-Hospitals
6.4.3 Tele-Home
6.5 Global Telemedicine Market by End User
6.5.1 Market Overview
6.5.2 Providers
6.5.3 Patients
6.5.4 Payers
6.5.5 Others
6.6 Global Telemedicine Market by Region
6.6.1 Market Overview
6.6.2 North America
6.6.3 Europe
6.6.4 Asia Pacific
6.6.5 Latin America
6.6.6 Middle East and Africa
7 North America Telemedicine Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Telemedicine Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Telemedicine Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.6 Australia
9.7 Others
10 Latin America Telemedicine Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Telemedicine Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.5 Others
17 Supplier Landscape
17.1 MDlive, Inc
17.1.1 Financial Analysis
17.1.2 Financial Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 American Well Corporation
17.2.1 Financial Analysis
17.2.2 Financial Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Twilio Inc
17.3.1 Financial Analysis
17.3.2 Financial Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Teladoc Health, Inc.
17.4.1 Financial Analysis
17.4.2 Financial Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Doctor On Demand, Inc.
17.5.1 Financial Analysis
17.5.2 Financial Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Zoom Video Communications, Inc.
17.6.1 Financial Analysis
17.6.2 Financial Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 SOC Telemed, Inc.
17.7.1 Financial Analysis
17.7.2 Financial Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 NXGN Management, LLC
17.8.1 Financial Analysis
17.8.2 Financial Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Plantronics, Inc.
17.9.1 Financial Analysis
17.9.2 Financial Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Practo
17.10.1 Financial Analysis
17.10.2 Financial Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Vsee
17.11.1 Financial Analysis
17.11.2 Financial Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 Sesame, Inc.
17.12.1 Financial Analysis
17.12.2 Financial Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Doxy.me Inc.
17.13.1 Financial Analysis
17.13.2 Financial Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
18 Global Telemedicine Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

  • MDlive, Inc
  • American Well Corporation
  • Twilio Inc
  • Health, Inc.
  • Doctor On Demand, Inc.
  • Zoom Video Communications, Inc.
  • SOC Telemed, Inc.
  • NXGN Management, LLC
  • Plantronics, Inc.
  • Practo
  • Vsee
  • Sesame, Inc.
  • Doxy.me Inc.



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