Report Scope:
The scope of this report is broad and covers the components available in the telemedicine market and potential end-user applications. Revenue forecasts from 2022 to 2027 are given for components, applications and end-users with estimated value derived from the revenues of manufacturers.
The report also includes a discussion on the major players in each regional telemedicine market. Further, it explains major drivers and regional dynamics of the global telemedicine market. The report concludes with a look at the vendor landscape and includes detailed profiles of major vendors in the global telemedicine market.
Report Includes:
- 47 data tables and 44 additional tables
- An up-to-date review and analysis of the global markets for telemedicine technologies
- Analyses of the global market trends, with historic market revenue (sales data) from 2019 to 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Highlights of the current and future market potential for telemedicine technologies, and areas to forecast this market into various segments and sub-segments
- Estimation of the actual market size (value based) for global telemedicine market in USD million terms, market forecast, and corresponding market share analysis by business segment (component), application, end user, and geographic region
- Market assessment of the telemedicine products and technologies currently available, new developments, spending trends, and revenue prospects for this innovation driven market
- Discussion of the telemedicine industry value chain analysis providing a systematic study of the key intermediaries involved, which could further assist stakeholders in formulating appropriate strategies
- Updated information on key developments, mergers and acquisitions (M&A) activities, collaborations, joint ventures and partnerships in the telemedicine industry.
- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
- Descriptive company profiles of the leading global players, including Allscripts Healthcare Solutions Inc., Boston Scientific Corp., Cerner Corp., Cisco Systems Inc., GE Healthcare, Medtronic, Philips Healthcare and Siemens Healthcare
Summary:
Telemedicine is the delivery of medical services to any location with the help of advanced telecommunications technology. Telemedicine technology incorporates digital communication and telecommunications technologies to treat patients residing in any location that can be reached by these technologies.
The COVID-19 pandemic has resulted into a global lockdown, which has increased the demand for telehealth services, along with a growing focus on low-cost healthcare services. This has resulted in a growing market for telemedicine. According to the Institute for Health Metrics and Evaluation, global expenditures on healthcare are expected to rise from $REDACTED in 2017 to $REDACTED by 2040. Annual global public spending on health rose by an average REDACTED% from 2000 to 2017. However, it is worth noting that the annual rise has dropped from REDACTED% from 2000 to 2010 to REDACTED% from 2010 to 2017.
Telemedicine has transformed the role of physicians and increased access to health services for patients worldwide. This has led to a greater number of technology startups and increased investments in the telemedicine market.
For instance, in May 2020, American Well raised $REDACTED, to keep up with the escalating demand of telemedicine. In August 2018, MDLive Inc. received financing of $REDACTED from telehealth investor Health Velocity Capital; from partners Health Care Service Corp. (HCSC) and Cigna Corp.; and from contributions from Industry Ventures and Novo Holdings A/S.
In the meantime, the use of connected devices such as smartphones and tablets for real-time patient monitoring and diagnosis is growing rapidly. This trend has led to the improvement in healthcare services and increased patient-care efficiency and data collection. The U.S. spends about REDACTED% of its GDP on healthcare, which could reach by more than $REDACTED with the help of connected devices in diagnostic treatment, chronic disease management and preventive care of the patients.
The global telemedicine market is projected to grow at a CAGR of REDACTED% during the forecast period of 2022 through 2027. In 2027, total revenues are expected to reach $REDACTED, up from $REDACTED in 2020.
This report provides an analysis of each market segment, including components, applications and end users. The businesst segment consists of hardware, software and services. The hardware segment accounted for REDACTED% of the overall telemedicine market in 2021 in terms of revenue. By the end of 2027, total revenue from hardware in the telemedicine market is expected to reach $REDACTED. The software segment is expected to have a CAGR of REDACTED% through the forecast period.
Global Markets for Telemedicine Technologies
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
What's New in This Update?
Information Sources
Methodology
Geographic Breakdown
Analyst's Credentials
BCC Custom Research
Related BCC Research Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
Market Potential
Impact of COVID-19 on the Market
Regulatory Frameworks
United States
Europe
India
Investment Analysis
Industry Growth Drivers
Favorable Government Initiatives
Rising Incidence of Chronic Diseases
Increasing Healthcare Expenditures
Technological Advances Related to Smartphones and Internet
Market Restraints
Lack of Standards
Chapter 4 Market Breakdown by End User
Hospital Facilities
Homecare
Chapter 5 Market Breakdown by Application
Telecardiology
Teledermatology
Telepathology
Key Markets for Digital Telepathology
Case Study: Digital Pathology in Resource-poor Settings
Case Study: Health Evaluation Centers in Vietnam - Business Model of Medical Support of Foreign Countries with WSI Telepathology
Key Advantages of Telepathology Systems
Telepsychiatry
Teleradiology
Chapter 6 Market Breakdown by Business Segment
Hardware
Software
Services
Chapter 7 Market Breakdown by Region
North America
United States
Canada
Europe
United Kingdom
Germany
France
Spain
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Rest of the World
South America
Middle East and Africa
Chapter 8 Telemedicine Industry Structure
Chapter 9 Competitive Landscape
Product Launches
Collaborations, Joint Ventures and Partnerships
Expansion, Funding and Financing
Mergers and Acquisitions
Agreements and Contracts
Chapter 10 Company Profiles
ALLSCRIPTS HEALTHCARE SOLUTIONS, INC.
AMD GLOBAL TELEMEDICINE, INC.
AMERICAN WELL CORP.
BIOTELEMETRY, INC.
BOSTON SCIENTIFIC CORP.
CERNER CORP.
CISCO SYSTEMS INC.
GE HEALTHCARE
GLOBALMED
IRON BOW TECHNOLOGIES
MDLIVE
MEDTRONIC INC.
MEDVIVO GROUP LTD.
MEDWEB
PHILIPS HEALTHCARE
RESIDEO LIFE CARE SOLUTIONS
SIEMENS HEALTHINEERS AG
TELADOC HEALTH INC.
TELESPECIALISTS LLC
List of Tables
Summary Table : Global Market for Telemedicine Technologies, by Business Segment, Through 2027
Table 1 : Regulatory Frameworks Across Countries
Table 2 : Summary of Key Telehealth Policies, by the U.S. State
Table 3 : India's Mobile Applications
Table 4 : Telehealth Applications
Table 5 : Global Leading Causes of Burden of Disease, 2004 and 2030
Table 6 : Global Market for Telemedicine Technologies, by End User, Through 2027
Table 7 : Number of Hospitals in the U.S., by Type, 2022
Table 8 : Global Market for Telemedicine Technologies, by Application, Through 2027
Table 9 : Global Market for Telecardiology, by Region, Through 2027
Table 10 : Global Market for Teledermatology, by Region, Through 2027
Table 11 : Global Market for Telepathology, by Region, Through 2027
Table 12 : Global Market for Telepsychiatry, by Region, Through 2027
Table 13 : Global Market for Teleradiology, by Region, Through 2027
Table 14 : Global Market for Telemedicine Technologies, by Business Segment, Through 2027
Table 15 : Global Market for Telemedicine Hardware, by Region, Through 2027
Table 16 : Global Market for Telemedicine Software, by Region, Through 2027
Table 17 : Global Market for Telemedicine Services, by Region, Through 2027
Table 18 : Global Market for Telemedicine Technologies, by Region, Through 2027
Table 19 : Projected Healthcare Spending in Countries by Income, 2040
Table 20 : North American Market for Telemedicine Technologies, by Country, Through 2027
Table 21 : COVID-19 Confirmed Cases and Deaths in the U.S., by State, as of July 2022
Table 22 : Most Common Chronic Conditions for Adults Aged 65+ Years, by Type
Table 23 : Number of Individuals Impacted by Chronic Diseases, 2005-2030
Table 24 : Current Grants, by Cancer Type, 2021
Table 25 : Percentage of New Cancer Cases in U.S. Males, by Cancer Type, 2021
Table 26 : Funding by Federal Government for Treatment of Chronic Diseases
Table 27 : COVID-19 Confirmed Cases in Canada, by Province, as of July 2022
Table 28 : European Market for Telemedicine Technologies, by Country, Through 2027
Table 29 : Confirmed Cases of COVID-19 in Europe, by Country, as of July 2022
Table 30 : COVID-19 Confirmed Cases in the U.K., by Country, as of Dec. 2021
Table 31 : Deaths from CVD and Number of People Living with CVD in the U.K.
Table 32 : Cardiac Procedures Performed in Germany, by Gender, 2020
Table 33 : Rising Geriatric Population in Germany, 2000-2030
Table 34 : Healthcare Expenditures in Germany, 2019 and 2020
Table 35 : Healthcare Spending in France, 2015-2020
Table 36 : New Cancer Cases in Spain, by Cancer Type, 2020
Table 37 : Asia-Pacific Market for Telemedicine Technologies, by Country, Through 2027
Table 38 : Regulation of Telemedicine in China, 2015-2020
Table 39 : COVID-19 Infections, Deaths and Recovery Cases in Greater China, by Province, as of July 31, 2020
Table 40 : New Cancer Cases in China, by Cancer Type, 2020
Table 41 : Cancer Incidence and Mortality in China, by Cancer Site, 2020
Table 42 : COVID-19 Confirmed Cases and Deaths in India, by State/Union Territory, as of July, 2022
Table 43 : Cases of COVID-19 Infection and Mortality in Japan, as of August 2020
Table 44 : COVID-19 Cases in Japan, by Prefecture, as of July 2022
Table 45 : Aging Population (65+) in Japan, 2010-2040
Table 46 : Most Commonly Diagnosed Cancers in Males in Australia, by Cancer Site, 2021
Table 47 : Most Commonly Diagnosed Cancers in Females in Australia, by Cancer Site, 2021
Table 48 : ROW Market for Telemedicine Technologies, by Sub-Region, Through 2027
Table 49 : COVID-19 Cases in South America, by Country, Mar. 2020 Vs. Aug. 2020
Table 50 : New Cases of Cancer in Brazil, by Gender and Type, 2018
Table 51 : Healthcare Expenditures in Argentina, 2014 and 2040 (Projected)
Table 52 : Leading Causes of Death in Argentina and Percentage Change, 2005-2016
Table 53 : COVID-19 Confirmed Cases in the MEA, by Country, Mar. 2020 Vs. Aug. 2020
Table 54 : Rankings of Top Players in the Global Market for Telemedicine Technologies, 2021
Table 55 : Telemedicine Product Launches and Product Developments, 2018-2021
Table 56 : Collaborations, Joint Ventures and Partnerships in the Global Market for Telemedicine Technologies, 2018-2021
Table 57 : Expansions, Funding and Financing in the Global Market for Telemedicine Technologies, 2019-2020
Table 58 : Mergers and Acquisitions in the Global Market for Telemedicine Technologies, 2018-2020
Table 59 : Agreements and Contracts in the Global Market for Telemedicine Technologies, 2018-2020
Table 60 : Allscripts Healthcare Solutions: Product Portfolio
Table 61 : Allscripts Healthcare Solutions: Recent Developments, 2020
Table 62 : Allscripts Healthcare Solutions: Financial Performance, 2019-2021
Table 63 : AMD Global Telemedicine, Inc.: Product Portfolio
Table 64 : AMD Global Telemedicine, Inc.: Recent Developments, 2018-2020
Table 65 : American Well: Product Portfolio
Table 66 : American Well: Recent Developments, 2019-2020
Table 67 : BioTelemetry: Product Portfolio
Table 68 : BioTelemetry: Recent Developments, 2018-2020
Table 69 : Boston Scientific: Product Portfolio
Table 70 : Cerner Corp.: Product Portfolio
Table 71 : Cisco Systems Inc.: Telehealth Product Portfolio
Table 72 : Cisco Systems Inc.: Recent Developments, 2019
Table 73 : GE Healthcare: Product Portfolio
Table 74 : GE Healthcare: Recent Developments, 2019
Table 75 : GlobalMed: Product Portfolio
Table 76 : Iron Bow Technologies: Product Portfolio
Table 77 : Iron Bow Technologies: Recent Developments, 2018-2020
Table 78 : MDLive: Product Portfolio
Table 79 : MDLive: Recent Developments, 2018-2020
Table 80 : Medtronic Inc.: Product Portfolio
Table 81 : Medvivo Group: Product Portfolio
Table 82 : Medweb: Product Portfolio
Table 83 : Philips Healthcare: Product Portfolio
Table 84 : Philips Healthcare: Recent Developments, 2020
Table 85 : Resideo Life Care Solutions: Product Portfolio
Table 86 : Siemens Healthineers: Product Portfolio
Table 87 : Siemens Healthineers: Recent Developments, 2019-2020
Table 88 : Teladoc Health: Product Portfolio
Table 89 : Teladoc Health: Recent Developments, 2018-2020
Table 90 : TeleSpecialists LLC: Product Portfolio
List of Figures
Summary Figure : Global Market for Telemedicine Technologies, by Business Segment, 2021-2027
Figure 1 : Use of Telemedicine During the COVID-19 Pandemic
Figure 2 : Deaths Due to Three Chronic Diseases, Global, 2005-2030
Figure 3 : Global Distribution of Deaths from Chronic Diseases, 2018
Figure 4 : Rising Trends in Global Healthcare Spending, by Institution, 2015-2040
Figure 5 : Growing National Healthcare Expenditure in the U.S., 2013-2020
Figure 6 : Healthcare Expenditures as a Share of GDP, by Select Eleven Countries, 2021
Figure 7 : Smartphone Use in Emerging Countries, 2018
Figure 8 : Telehospital/Teleclinics Services
Figure 9 : Global Telehospital Services Classification, by Type
Figure 10 : Number of Hospitals in the U.S., by Type, 2022
Figure 11 : Share of Market for Telecardiology, by Disease Segment, 2018
Figure 12 : Telepathology and Digital Pathology Applications
Figure 13 : Number of Suicides Due to Mental Health in the U.S., 2018 and 2019
Figure 14 : Healthcare Expenditures in the U.S., 2015 and 2025
Figure 15 : Number of Individuals Impacted by Chronic Diseases, 2005-2030
Figure 16 : Rising Geriatric Population in Germany, 2000-2030
Figure 17 : Healthcare Expenditures in Germany, 2019 and 2020
Figure 18 : Healthcare Spending and Financing in France, 2015-2020
Figure 19 : Distribution of New Cancer Cases in Spain, by Cancer Type, 2020
Figure 20 : Distribution of New Cancer Cases in China, by Cancer Type, 2020
Figure 21 : Aging Population (65+) in Japan, 2010-2040
Figure 22 : Healthcare Expenditures in Argentina, 2014 and 2040 (Projected)
Figure 23 : Value Chain of Market for Telemedicine Technologies
Figure 24 : Allscripts Healthcare Solutions: Revenue Share, by Business Segment, 2021
Figure 25 : Allscripts Healthcare Solutions: Revenue Share, by Region, 2020
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