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The global telemedicine market was valued at USD 94.02 Billion in 2022 and grew at a CAGR of 18.44% from 2023 to 2032. The market is expected to reach USD 510.74 Billion by 2032. The increasing demand for telemedicine can be attributed to the growth of the e-commerce and retail industry. These telemedicines enable the consumer to make cashless transactions.
Telemedicine applications include email, wireless tools, two-way video, smartphones, and other telecommunications technology. Telemedicine can also be utilized for a variety of services. Through their information technology or way of providing healthcare, telemedicine settings have a wider financial investment that includes their goods and services. Numerous studies have proven that telemedicine services result in higher-quality medical care. Industry experts, including mid-levels, doctors, dentists, and even nurses, are interacting electronically with patients seeking solutions due to the Internet and the advantages of telemedicine. Assessment and counselling for mental health are also available through telemedicine.
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Increasing use of telemedicine for monitoring remote patients: Telemedicine has some of the most significant effects on the patient, their family, and the community. Telemedicine reduces the stress and travel time for patients. Numerous studies conducted over the past 15 years have revealed rising patient satisfaction and acceptance of telemedicine services. Through these services, patients have access to healthcare professionals who would only be available and can receive treatment by travelling a great distance. Patients in rural areas have had access to healthcare for more than 40 years due to telemedicine. Telemedicine makes it easier for consumers to obtain care and enables medical professionals to connect with offices outside their network. Millions of patients are now receiving more care due to telemedicine despite a lack of doctors in urban and rural locations.
Unavailability of physical diagnosis: Live video communications technology was recently developed to enable full medical care. Most patients today have easy access to technology that enables high-quality video conferencing, as do the majority of doctors. More than virtual sessions are required for some telemedicine physicians to make a diagnosis or begin treatment.
Increasing technological advancements: Teleradiology, teledermatology, telepathology, and telepsychiatry are just a few of the telemedicine-related fields where artificial intelligence is broadening the scope of technology. Intelligent systems powered by AI are making it possible to do more than merely remotely screen patients' diagnostic needs. Some of the examples include care-assistive apps and predictive algorithms. By automatically converting prescriptions into Electronic Health Records and producing medical reports, it lessens the workload placed on healthcare professionals, particularly in times of emergency. All forms of mixed reality, including augmented reality, virtual reality, and telemedicine, are compatible.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant telemedicine market, with a 36.54% market revenue share in 2022.
North America region will account for the largest market share with revenue growth. Nations such as the U.S., Canada and Mexico have a tremendous demand for telemedicine due to the growth of the healthcare industry and rising investment in IT infrastructure. The favourable government regulations are promoting the use of telemedicine technology, especially for consumers present in remote locations.
North America region Telemedicine Market Share in 2022 - 36.54%
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The modality segment is divided into real-time, store & forward and others. The real-time segment dominated the market, with a share of around 43.22% in 2022. The increasing requirement for medical consultation on demand and rising usage of mHealth services is leading to higher adoption of real-time telemedicine. Patients suffering from chronic diseases may require real-time screening in case of emergency.
The component segment is divided into products and services. The product segment further includes software, hardware and others. The services segment further includes tele-education, tele-monitoring and tele-consulting. The product segment dominated the market, with a share of around 69.31% in 2022. Telemedicine requires the use of efficient software and hardware to implement the services. Hardware such as display screens, peripheral devices, microphones, and audio and video devices are necessary for facilitating efficient healthcare services.
The application segment is divided into teledermatology, telepathology, telepsychiatry, telecardiology, teleradiology and others. The teleradiology segment dominated the market, with a share of around 32.91% in 2022. Telemedicine is specially used for general purposes by budget-conscious consumers. People mostly use it for making general day-to-day transactions. In teleradiology, radiological pictures are transmitted from one site to another via telecommunications infrastructure. Any noninvasive imaging study, including ultrasound, digital X-rays, MRI, CT scan, and nuclear medicine examinations, can be interpreted this way.
The end-users segment is divided into patients, payers, providers and others. The patients segment dominated the market, with a share of around 49.11% in 2022. Patients benefit the most from telemedicine services as most of them can connect with the healthcare professional from a remote location. Further, this has also increased their access to healthcare services as they can connect with doctors on a timely basis.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 94.02 Billion |
| Market size value in 2032 | USD 510.74 Billion |
| CAGR (2023 to 2032) | 18.44% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Modality, Component, Application and End-users |
As per The Brainy Insights, the size of the telemedicine market was valued USD 94.02 billion in 2022 to USD 510.74 billion by 2032.
Global telemedicine market is growing at a CAGR of 18.44% during the forecast period 2023-2032.
The global telemedicine market has been segmented based on modality, component, application, end-users and regions. The real time segment led the market in 2022 in the modality segment. The product segment led the market in 2022 in the component segment.
North America region emerged as the largest market for the telemedicine.
The market's growth will be influenced by the rising use of telemedicine for treatment of remotely situated patients
The technical issues can hamper the market growth.
The technological advancements in the industry is providing huge opportunities to the market.
Key players are American Well Corp., MDlive, Inc., Twilio, Inc., Teladoc Health, Inc., Zoom Video Communications, Inc., NXGN Management, LLC, SOC Telemed, Inc., Plantronics, Inc., VSee, Practo, Sesame, Inc.,
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis by Modality
4.3.2. Market Attractiveness Analysis by Component
4.3.3. Market Attractiveness Analysis by Application
4.3.4. Market Attractiveness Analysis by End-users
4.3.5. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing use of telemedicine among remote patients
5.3. Restraints
5.3.1. Lack of physical examination
5.4. Opportunities
5.4.1. Increasing technological advancement
5.5. Challenges
5.5.1. Data security issues
6. Global Telemedicine Market Analysis and Forecast, By Modality
6.1. Segment Overview
6.2. Real Time
6.3. Store & Forward
6.4. Others
7. Global Telemedicine Market Analysis and Forecast, By Component
7.1. Segment Overview
7.2. Product
7.2.1. Software
7.2.2. Hardware
7.2.3. Others
7.3. Services
7.3.1. Tele-education
7.3.2. Tele-monitoring
7.3.3. Tele-consulting
8. Global Telemedicine Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Teledermatology
8.3. Telepathology
8.4. Telepsychiatry
8.5. Telecardiology
8.6. Teleradiology
8.7. Others
9. Global Telemedicine Market Analysis and Forecast, By End-users
9.1. Segment Overview
9.2. Patients
9.3. Payers
9.4. Providers
9.5. Others
10. Global Telemedicine Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Telemedicine Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in the Telemedicine Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. American Well Corp.
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. MDlive, Inc.
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Twilio, Inc.
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Teladoc Health, Inc.
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Zoom Video Communications, Inc.
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. NXGN Management, LLC
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. SOC Telemed, Inc.
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Plantronics, Inc.
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. VSee
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. Practo
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
12.11. Sesame, Inc.
12.11.1. Business Overview
12.11.2. Company Snapshot
12.11.3. Company Market Share Analysis
12.11.4. Company Product Portfolio
12.11.5. Recent Developments
12.11.6. SWOT Analysis
12.12. PlushCare
12.12.1. Business Overview
12.12.2. Company Snapshot
12.12.3. Company Market Share Analysis
12.12.4. Company Product Portfolio
12.12.5. Recent Developments
12.12.6. SWOT Analysis
12.13. Doxy.me Inc.
12.13.1. Business Overview
12.13.2. Company Snapshot
12.13.3. Company Market Share Analysis
12.13.4. Company Product Portfolio
12.13.5. Recent Developments
12.13.6. SWOT Analysis
12.14. HealthTap, Inc.
12.14.1. Business Overview
12.14.2. Company Snapshot
12.14.3. Company Market Share Analysis
12.14.4. Company Product Portfolio
12.14.5. Recent Developments
12.14.6. SWOT Analysis
List of Table
1. Global Telemedicine Market, By Modality, 2019-2032 (USD Billion)
2. Global Real Time, Telemedicine Market, By Region, 2019-2032 (USD Billion)
3. Global Store & Forward, Telemedicine Market, By Region, 2019-2032 (USD Billion)
4. Global Others, Telemedicine Market, By Region, 2019-2032 (USD Billion)
5. Global Telemedicine Market, By Component, 2019-2032 (USD Billion)
6. Global Product, Telemedicine Market, By Region, 2019-2032 (USD Billion)
7. Global Services, Telemedicine Market, By Region, 2019-2032 (USD Billion)
8. Global Telemedicine Market, By Application, 2019-2032 (USD Billion)
9. Global Teledermatology, Telemedicine Market, By Region, 2019-2032 (USD Billion)
10. Global Telepathology, Telemedicine Market, By Region, 2019-2032 (USD Billion)
11. Global Telepsychiatry, Telemedicine Market, By Region, 2019-2032 (USD Billion)
12. Global Telecardiology, Telemedicine Market, By Region, 2019-2032 (USD Billion)
13. Global Teleradiology, Telemedicine Market, By Region, 2019-2032 (USD Billion)
14. Global Others, Telemedicine Market, By Region, 2019-2032 (USD Billion)
15. Global Telemedicine Market, By End-users, 2019-2032 (USD Billion)
16. Global Patients, Telemedicine Market, By Region, 2019-2032 (USD Billion)
17. Global Payers, Telemedicine Market, By Region, 2019-2032 (USD Billion)
18. Global Providers, Telemedicine Market, By Region, 2019-2032 (USD Billion)
19. Global Others, Telemedicine Market, By Region, 2019-2032 (USD Billion)
20. Global Telemedicine Market, By Region, 2019-2032 (USD Billion)
21. North America Telemedicine Market, By Modality, 2019-2032 (USD Billion)
22. North America Telemedicine Market, By Component, 2019-2032 (USD Billion)
23. North America Telemedicine Market, By Application, 2019-2032 (USD Billion)
24. North America Telemedicine Market, By End-users, 2019-2032 (USD Billion)
25. U.S. Telemedicine Market, By Modality, 2019-2032 (USD Billion)
26. U.S. Telemedicine Market, By Component, 2019-2032 (USD Billion)
27. U.S. Telemedicine Market, By Application, 2019-2032 (USD Billion)
28. U.S. Telemedicine Market, By End-users, 2019-2032 (USD Billion)
29. Canada Telemedicine Market, By Modality, 2019-2032 (USD Billion)
30. Canada Telemedicine Market, By Component, 2019-2032 (USD Billion)
31. Canada Telemedicine Market, By Application, 2019-2032 (USD Billion)
32. Canada Telemedicine Market, By End-users, 2019-2032 (USD Billion)
33. Mexico Telemedicine Market, By Modality, 2019-2032 (USD Billion)
34. Mexico Telemedicine Market, By Component, 2019-2032 (USD Billion)
35. Mexico Telemedicine Market, By Application, 2019-2032 (USD Billion)
36. Mexico Telemedicine Market, By End-users, 2019-2032 (USD Billion)
37. Europe Telemedicine Market, By Modality, 2019-2032 (USD Billion)
38. Europe Telemedicine Market, By Component, 2019-2032 (USD Billion)
39. Europe Telemedicine Market, By Application, 2019-2032 (USD Billion)
40. Europe Telemedicine Market, By End-users, 2019-2032 (USD Billion)
41. Germany Telemedicine Market, By Modality, 2019-2032 (USD Billion)
42. Germany Telemedicine Market, By Component, 2019-2032 (USD Billion)
43. Germany Telemedicine Market, By Application, 2019-2032 (USD Billion)
44. Germany Telemedicine Market, By End-users, 2019-2032 (USD Billion)
45. France Telemedicine Market, By Modality, 2019-2032 (USD Billion)
46. France Telemedicine Market, By Component, 2019-2032 (USD Billion)
47. France Telemedicine Market, By Application, 2019-2032 (USD Billion)
48. France Telemedicine Market, By End-users, 2019-2032 (USD Billion)
49. U.K. Telemedicine Market, By Modality, 2019-2032 (USD Billion)
50. U.K. Telemedicine Market, By Component, 2019-2032 (USD Billion)
51. U.K. Telemedicine Market, By Application, 2019-2032 (USD Billion)
52. U.K. Telemedicine Market, By End-users, 2019-2032 (USD Billion)
53. Italy Telemedicine Market, By Modality, 2019-2032 (USD Billion)
54. Italy Telemedicine Market, By Component, 2019-2032 (USD Billion)
55. Italy Telemedicine Market, By Application, 2019-2032 (USD Billion)
56. Italy Telemedicine Market, By End-users, 2019-2032 (USD Billion)
57. Spain Telemedicine Market, By Modality, 2019-2032 (USD Billion)
58. Spain Telemedicine Market, By Component, 2019-2032 (USD Billion)
59. Spain Telemedicine Market, By Application, 2019-2032 (USD Billion)
60. Spain Telemedicine Market, By End-users, 2019-2032 (USD Billion)
61. Asia Pacific Telemedicine Market, By Modality, 2019-2032 (USD Billion)
62. Asia Pacific Telemedicine Market, By Component, 2019-2032 (USD Billion)
63. Asia Pacific Telemedicine Market, By Application, 2019-2032 (USD Billion)
64. Asia Pacific Telemedicine Market, By End-users, 2019-2032 (USD Billion)
65. Japan Telemedicine Market, By Modality, 2019-2032 (USD Billion)
66. Japan Telemedicine Market, By Component, 2019-2032 (USD Billion)
67. Japan Telemedicine Market, By Application, 2019-2032 (USD Billion)
68. Japan Telemedicine Market, By End-users, 2019-2032 (USD Billion)
69. China Telemedicine Market, By Modality, 2019-2032 (USD Billion)
70. China Telemedicine Market, By Component, 2019-2032 (USD Billion)
71. China Telemedicine Market, By Application, 2019-2032 (USD Billion)
72. China Telemedicine Market, By End-users, 2019-2032 (USD Billion)
73. India Telemedicine Market, By Modality, 2019-2032 (USD Billion)
74. India Telemedicine Market, By Component, 2019-2032 (USD Billion)
75. India Telemedicine Market, By Application, 2019-2032 (USD Billion)
76. India Telemedicine Market, By End-users, 2019-2032 (USD Billion)
77. South America Telemedicine Market, By Modality, 2019-2032 (USD Billion)
78. South America Telemedicine Market, By Component, 2019-2032 (USD Billion)
79. South America Telemedicine Market, By Application, 2019-2032 (USD Billion)
80. South America Telemedicine Market, By End-users, 2019-2032 (USD Billion)
81. Brazil Telemedicine Market, By Modality, 2019-2032 (USD Billion)
82. Brazil Telemedicine Market, By Component, 2019-2032 (USD Billion)
83. Brazil Telemedicine Market, By Application, 2019-2032 (USD Billion)
84. BrazilTelemedicine Market, By End-users, 2019-2032 (USD Billion)
85. Middle East and Africa Telemedicine Market, By Modality, 2019-2032 (USD Billion)
86. Middle East and Africa Telemedicine Market, By Component, 2019-2032 (USD Billion)
87. Middle East and Africa Telemedicine Market, By Application, 2019-2032 (USD Billion)
88. Middle East and Africa Telemedicine Market, By End-users, 2019-2032 (USD Billion)
89. UAE Telemedicine Market, By Modality, 2019-2032 (USD Billion)
90. UAE Telemedicine Market, By Component, 2019-2032 (USD Billion)
91. UAE Telemedicine Market, By Application, 2019-2032 (USD Billion)
92. UAE Telemedicine Market, By End-users, 2019-2032 (USD Billion)
93. South Africa Telemedicine Market, By Modality, 2019-2032 (USD Billion)
94. South Africa Telemedicine Market, By Component, 2019-2032 (USD Billion)
95. South Africa Telemedicine Market, By Application, 2019-2032 (USD Billion)
96. South Africa Telemedicine Market, By End-users, 2019-2032 (USD Billion)
List of Figures
1. Global Telemedicine Market Segmentation
2. Telemedicine Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Telemedicine Market Attractiveness Analysis by Modality
9. Global Telemedicine Market Attractiveness Analysis by Component
10. Global Telemedicine Market Attractiveness Analysis by Application
11. Global Telemedicine Market Attractiveness Analysis by End-users
12. Global Telemedicine Market Attractiveness Analysis by Region
13. Global Telemedicine Market: Dynamics
14. Global Telemedicine Market Share by Modality (2022 & 2032)
15. Global Telemedicine Market Share by Component (2022 & 2032)
16. Global Telemedicine Market Share by Application (2022 & 2032)
17. Global Telemedicine Market Share by End-users (2022 & 2032)
18. Global Telemedicine Market Share by Regions (2022 & 2032)
19. Global Telemedicine Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global telemedicine market based on below mentioned segments:
Global Telemedicine Market by Modality:
Global Telemedicine Market by Component:
Global Telemedicine Market by Application:
Global Telemedicine Market by End-users:
Global Telemedicine Market by Region:
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