Telemedicine Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2019 - 2025

Report Code: HCR 74745 Report Format: PDF + Excel (Delivery in 48 Hrs)

Telemedicine Market Overview:

According to a survey conducted by Peterson-Kaiser Health System Tracker, a non-profit organization monitoring U.S. healthcare systems, telemedicine cover plan for employees in different firms saw an increase to 74% in 2018 from 27% in 2015.[1]  As modern medical technology progresses, people steer clear of visits to hospitals to avoid standing in queue. Incorporating telecommunications and information technology, telemedicine offers outcome-based health care plans to patients obstructed from medical facilities owing to distance. Telemedicine technology provides clinical services at one’s fingertips and has opened up astounding possibilities for medical innovations. These facilities inculcated via modern telecommunication technologies include telenursing, tele-consulting, tele-training, tele-surgery, tele-education, tele-monitoring services, and others. Effective results of telehealth services outpace conventional medical treatments, thus opening up an array of opportunities and significantly boosting the telemedicine market. In 2018, the global telemedicine market was valued at $38.08 billion, mainly owing to the increased convenience for patients and consultants. During the forecast period 2019-2025, the telemedicine market demand is evaluated to grow at a robust CAGR of 18.12%.

Telemedicine Market Outlook:

Virtual presence is the new art of technology pursued in the developed and developing countries through adoption of diverse systems including mobiles, satellites, the Internet, wireless devices, and media services. Paving its way into the medical sector, virtual care acts as a platform for remote delivery of expert consultancy, detailed information and appropriate services to any desired location. According to the International Telecommunication Union (ITU), 70.9% of Americans had internet access in the year 2018.[2] This region is the center for various industrial firms and technological innovations along with huge economic stability opening up wider opportunities for the telemedicine market. As a result, North America held the largest regional market share, in this segment, of 45.68% as of 2018. Telemedicine technology delivers customer-centric services across all industries; primarily benefiting employers through on-premise software applications. This is expected to increase market demand at a notable CAGR of 16.48% through to 2025.

Telemedicine Market Growth Drivers:

·       Growing urbanization and increasing occurrence of diseases requires immediate and appropriate clinical aid globally, which majorly influences the growing demand for telemedicine market.

·       Incorporating telemedicine within offices improves scope of productivity and reduces healthcare expenses by providing the employees certain medical care plans which enable them to utilize clinical services via phone calls, VoIP and web-communication systems.Not only does it benefit employees, but telemedicine technology also minimizes sick leaves thereby profiting employers which directly boosts the global telemedicine market growth.

·      With advanced telecommunication technology, doctors can now access diagnostic reports and reach patients which eases the guidance and consultation procedure for patients and fellow professionals. This facilitates telemedicine practices amongst people generating wider scopes of opportunity for all parties.

Telemedicine Market Challenges:

Virtual care offered through online cloud meetings and video conferencing requires resilient third party Internet connections, since slow or restricted Internet network systems hamper video and audio quality. This might lead to information being miscommunicated, which can cause severe repercussions during telesurgical procedures. Additionally, erratic treatment due to a lack of proper access to a patient’s medical history and present health condition might hamper the telemedicine market growth. However, adequate technical knowledge provided by incorporating IT staff in medical facilities will effectively remove the drawbacks, and thereby enhance the services provided and expand the market and thereby revenue..

Telemedicine Market Key Players:

Pioneers in the telemedicine market include LifeWatch AG, Honeywell Life Care Solutions, Allscripts Healthcare Solutions Inc., Aerotel Medical Systems Ltd., AMD Global Telemedicine Inc., OBS Medical Ltd., Cisco Systems Inc., Cardiocom, LLC, InTouch Technologies Inc., Koninklijke Philips N.V., and others.

Honeywell Life Care Solutions is a life-care solutions company which delivers advanced monitoring benefits to medical experts, as well as enhances the treatment procedures for patients. Their services include life stream clinical monitoring, video visits, genesis touch, and associated software.

Telemedicine Market Trends:

·         Advanced Tele-ICU Program:

Development in telehealth systems and services have led to subsequent changes in treatment procedures and health monitoring. Interconnected telemedicine care systems in southwestern Vermont, USA, established tele-ICU program for meeting the increasing demand for medical aid and to expand their clinical care outreach. The 24/7 tele-ICU service offers effective monitoring and intensive care facilities to patients with chronic diseases rather than transferring them to hospitals in remote provinces.

·         Fall Detection Tele-Monitoring:

The geriatric population is susceptible to greater life risks which is why they require advanced telehealth systems for detecting minor and major health suspicions. The necessity for monitoring senior patients has evolved with wearable and implantable wireless body area networks such as Fall Detection wrist watches. The smart watch automatically gathers information related to activity, determines the user’s location, and sends alert even when a person is not wearing the watch thereby reducing casualties due to accidental falls.

Telemedicine Market Research Scope:

The base year of the study is 2018, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the telemedicine market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of telemedicine in telemedicine market, and their specific applications in different areas.

Telemedicine Market: Industry Coverage:

The global telemedicine market is bifurcated by category, and applications. On the basis of category the segmentation includes software, hardware, network, and others. Categorization based on application includes telecardiology, teleradiology, telepathy, telepsychiatry, dermatology, and so on.

The telemedicine market also analyzes the major geographic regions for the market as well as the major countries for the market in these regions. The regions and countries covered in the study include:

•           North America: The U.S., Canada, Mexico

•           South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica

•           Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark

•           APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong

•           Middle East and Africa: Israel, South Africa, Saudi Arabia


Reference:

[1] https://www.healthsystemtracker.org/brief/more-employers-are-paying-for-telemedicine-but-enrollee-take-up-has-been-relatively-low/#item-start

[2] https://www.itu.int/en/ITU-D/Statistics/Pages/stat/default.aspx

1. Telemedicine Market - Overview
1.1 Definitions and Scope
2. Telemedicine Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Telemedicine Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Telemedicine Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Telemedicine Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Telemedicine Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Telemedicine Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Telemedicine Market - By Component (Market Size -$Million / $Billion)
8.1 Services 
8.1.1 Remote Monitoring
8.1.2 Real-Time Interaction/Analysis
8.1.3 Store-And-Forward
8.2 Software 
8.2.1 Standalone Software
8.2.2 Integrated Software
8.3 Hardware 
8.3.1 Monitors
8.3.2 Telemedicine Kits
9. Telemedicine Market - By Delivery Mode (Market Size -$Million / $Billion)
9.1 On-Premise 
9.2 Web-Based 
9.3 Cloud-Based
10. Telemedicine Market - By Application (Market Size -$Million / $Billion)
10.1 Segment type Size and Market Share Analysis
10.2 Application Revenue and Trends by type of Application
10.3 Application Segment Analysis by Type
10.4 Teleconsultation 
10.5 Teleradiology 
10.6 Telecardiology 
10.7 Telepathology 
10.8 Teledermatology 
11. Telemedicine Market- By Geography (Market Size -$Million / $Billion)
11.1 Telemedicine Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Telemedicine Market- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Telemedicine Market- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Telemedicine Market - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Telemedicine Market - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Telemedicine Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Telemedicine Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Telemedicine Market - Key Company List by Country Premium
15. Telemedicine Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Amd Global Telemedicine Inc. 
15.3 Apollo Hospitals
15.4 Cloudvisit Telemedicine 
15.5 GE Healthcare
15.6 Haemonetics Corp.
15.7 Maestros Telemedicine 
15.8 Medisoft Telemedicine Pvt. Ltd. 
15.9 Philips Healthcare
15.10 Reach Health
15.11 Snapmd Telemedicine Technology
15.12 Company 11
15.13 Company 12 & More
*Financials would be provided on a best efforts basis for private companies
16. Telemedicine Market - Appendix
16.1 Abbreviations
16.2 Sources
17. Telemedicine Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Bric Telemedicine Market, By Component Market 2019-2024 ($M)
1.1 Service Market 2019-2024 ($M) - Global Industry Research
1.1.1 Remote Monitoring Market 2019-2024 ($M)
1.1.2 Real-Time Interaction/Analysis Market 2019-2024 ($M)
1.1.3 Store-And-Forward Market 2019-2024 ($M)
1.2 Software Market 2019-2024 ($M) - Global Industry Research
1.2.1 Standalone Software Market 2019-2024 ($M)
1.2.2 Integrated Software Market 2019-2024 ($M)
1.3 Hardware Market 2019-2024 ($M) - Global Industry Research
1.3.1 Monitor Market 2019-2024 ($M)
1.3.2 Telemedicine Kit Market 2019-2024 ($M)
2.Global Bric Telemedicine Market, By Delivery Mode Market 2019-2024 ($M)
2.1 On-Premise Market 2019-2024 ($M) - Global Industry Research
2.2 Web-Based Market 2019-2024 ($M) - Global Industry Research
2.3 Cloud-Based Market 2019-2024 ($M) - Global Industry Research
3.Global Bric Telemedicine Market, By Component Market 2019-2024 (Volume/Units)
3.1 Service Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Remote Monitoring Market 2019-2024 (Volume/Units)
3.1.2 Real-Time Interaction/Analysis Market 2019-2024 (Volume/Units)
3.1.3 Store-And-Forward Market 2019-2024 (Volume/Units)
3.2 Software Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Standalone Software Market 2019-2024 (Volume/Units)
3.2.2 Integrated Software Market 2019-2024 (Volume/Units)
3.3 Hardware Market 2019-2024 (Volume/Units) - Global Industry Research
3.3.1 Monitor Market 2019-2024 (Volume/Units)
3.3.2 Telemedicine Kit Market 2019-2024 (Volume/Units)
4.Global Bric Telemedicine Market, By Delivery Mode Market 2019-2024 (Volume/Units)
4.1 On-Premise Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Web-Based Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Cloud-Based Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Bric Telemedicine Market, By Component Market 2019-2024 ($M)
5.1 Service Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Remote Monitoring Market 2019-2024 ($M)
5.1.2 Real-Time Interaction/Analysis Market 2019-2024 ($M)
5.1.3 Store-And-Forward Market 2019-2024 ($M)
5.2 Software Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Standalone Software Market 2019-2024 ($M)
5.2.2 Integrated Software Market 2019-2024 ($M)
5.3 Hardware Market 2019-2024 ($M) - Regional Industry Research
5.3.1 Monitor Market 2019-2024 ($M)
5.3.2 Telemedicine Kit Market 2019-2024 ($M)
6.North America Bric Telemedicine Market, By Delivery Mode Market 2019-2024 ($M)
6.1 On-Premise Market 2019-2024 ($M) - Regional Industry Research
6.2 Web-Based Market 2019-2024 ($M) - Regional Industry Research
6.3 Cloud-Based Market 2019-2024 ($M) - Regional Industry Research
7.South America Bric Telemedicine Market, By Component Market 2019-2024 ($M)
7.1 Service Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Remote Monitoring Market 2019-2024 ($M)
7.1.2 Real-Time Interaction/Analysis Market 2019-2024 ($M)
7.1.3 Store-And-Forward Market 2019-2024 ($M)
7.2 Software Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Standalone Software Market 2019-2024 ($M)
7.2.2 Integrated Software Market 2019-2024 ($M)
7.3 Hardware Market 2019-2024 ($M) - Regional Industry Research
7.3.1 Monitor Market 2019-2024 ($M)
7.3.2 Telemedicine Kit Market 2019-2024 ($M)
8.South America Bric Telemedicine Market, By Delivery Mode Market 2019-2024 ($M)
8.1 On-Premise Market 2019-2024 ($M) - Regional Industry Research
8.2 Web-Based Market 2019-2024 ($M) - Regional Industry Research
8.3 Cloud-Based Market 2019-2024 ($M) - Regional Industry Research
9.Europe Bric Telemedicine Market, By Component Market 2019-2024 ($M)
9.1 Service Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Remote Monitoring Market 2019-2024 ($M)
9.1.2 Real-Time Interaction/Analysis Market 2019-2024 ($M)
9.1.3 Store-And-Forward Market 2019-2024 ($M)
9.2 Software Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Standalone Software Market 2019-2024 ($M)
9.2.2 Integrated Software Market 2019-2024 ($M)
9.3 Hardware Market 2019-2024 ($M) - Regional Industry Research
9.3.1 Monitor Market 2019-2024 ($M)
9.3.2 Telemedicine Kit Market 2019-2024 ($M)
10.Europe Bric Telemedicine Market, By Delivery Mode Market 2019-2024 ($M)
10.1 On-Premise Market 2019-2024 ($M) - Regional Industry Research
10.2 Web-Based Market 2019-2024 ($M) - Regional Industry Research
10.3 Cloud-Based Market 2019-2024 ($M) - Regional Industry Research
11.APAC Bric Telemedicine Market, By Component Market 2019-2024 ($M)
11.1 Service Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Remote Monitoring Market 2019-2024 ($M)
11.1.2 Real-Time Interaction/Analysis Market 2019-2024 ($M)
11.1.3 Store-And-Forward Market 2019-2024 ($M)
11.2 Software Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Standalone Software Market 2019-2024 ($M)
11.2.2 Integrated Software Market 2019-2024 ($M)
11.3 Hardware Market 2019-2024 ($M) - Regional Industry Research
11.3.1 Monitor Market 2019-2024 ($M)
11.3.2 Telemedicine Kit Market 2019-2024 ($M)
12.APAC Bric Telemedicine Market, By Delivery Mode Market 2019-2024 ($M)
12.1 On-Premise Market 2019-2024 ($M) - Regional Industry Research
12.2 Web-Based Market 2019-2024 ($M) - Regional Industry Research
12.3 Cloud-Based Market 2019-2024 ($M) - Regional Industry Research
13.MENA Bric Telemedicine Market, By Component Market 2019-2024 ($M)
13.1 Service Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Remote Monitoring Market 2019-2024 ($M)
13.1.2 Real-Time Interaction/Analysis Market 2019-2024 ($M)
13.1.3 Store-And-Forward Market 2019-2024 ($M)
13.2 Software Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Standalone Software Market 2019-2024 ($M)
13.2.2 Integrated Software Market 2019-2024 ($M)
13.3 Hardware Market 2019-2024 ($M) - Regional Industry Research
13.3.1 Monitor Market 2019-2024 ($M)
13.3.2 Telemedicine Kit Market 2019-2024 ($M)
14.MENA Bric Telemedicine Market, By Delivery Mode Market 2019-2024 ($M)
14.1 On-Premise Market 2019-2024 ($M) - Regional Industry Research
14.2 Web-Based Market 2019-2024 ($M) - Regional Industry Research
14.3 Cloud-Based Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
2.Canada Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
3.Mexico Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
4.Brazil Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
5.Argentina Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
6.Peru Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
7.Colombia Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
8.Chile Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
9.Rest of South America Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
10.UK Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
11.Germany Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
12.France Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
13.Italy Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
14.Spain Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
15.Rest of Europe Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
16.China Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
17.India Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
18.Japan Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
19.South Korea Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
20.South Africa Brazil, Russia, India, China Market Revenue, 2019-2024 ($M)
21.North America Brazil, Russia, India, China By Application
22.South America Brazil, Russia, India, China By Application
23.Europe Brazil, Russia, India, China By Application
24.APAC Brazil, Russia, India, China By Application
25.MENA Brazil, Russia, India, China By Application
26.Amd Telemedicine Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Apollo Hospital, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Ge Healthcare, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Haemonetics Corp, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Philip Healthcare, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Cloudvisit Telemedicine, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Maestro Telemedicine, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Medisoft Telemedicine Pvt Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Reach Health, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Snapmd Telemedicine Technology, Sales /Revenue, 2015-2018 ($Mn/$Bn)