Telemedicine market is poised to value USD 243609 million by 2028 end and register an exuberant CAGR at 21.2% during the forecast period of 2022-2028.

Telemedicine, or telehealth or e-medicine, is the delivery of healthcare services over the telecommunications network, such as exams and consultations.  The latest telemedicine features can benefit your practice in a number of ways. The use of telemedicine can reduce medical costs, improve efficiency and profitability, and provide patients with better access to medical services. This will have a positive impact on the telemedicine market and contribute to its growth. The rapid growth of the telemedicine market is primarily due to the increase in chronic diseases such as congestive heart failure, orthopedic injuries, and others. The government's increasing expenditure on healthcare information (HCIT) and key players' increasing focus on digital diagnostics further fuel the market's growth. As a result of continuous advancements in medical diagnostic technologies, the telemedicine market is expected to grow rapidly. Further, the developing prospects in developed countries will provide potential opportunities for the growth of the telemedicine market. In addition to the rapid advances in healthcare, the growing demand for virtual consultations by physicians and patients will accelerate the development of the telemedicine market. There are also significant growth opportunities for the market in the near future. Moreover, the growing number of cancer cases, the increasing workload of healthcare providers, and advances in laboratory diagnostic tests all contribute to the growth of the telemedicine market worldwide. There are, however, two factors that would be catastrophic for the global telemedicine market: a high initial setup cost and an error rate in sampling pathological data.

FutureWise Market Research has instantiated a report that provides an intricate analysis of Telemedicine Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.

According to the research study conducted by FutureWise research analysts, the Telemedicine Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.

Telemedicine players include
TeleVital, AMD Global Telemedicine, Inc. HealthTap, American Well, Maven, InTouch Health, Spruce Health, HealthSpot, Eagle Telemedicine,Allscripts Healthcare Solutions Inc and others.

Impact of COVID-19 on Telemedicine Market:

The necessity for telemedicine has increased with the COVID-19 pandemic as healthcare professionals need to stay disease-free and healthy. The WHO and CDC are promoting telemedicine technology for remote patient monitoring, thereby reducing the risk of virus transmission. The Bergen New Bridge Medical Center, New Jersey, has extended their telehealth services for screening patients for COVID-19. Bergen New Bridge Cares have partnered with Air Visits are now capable of providing patient assessment and urgent care screening of symptomatic patients with the help of a licensed physician. These telehealth screenings are based in the latest evaluation and reporting Persons Under Investigation (PUI) guidelines set up by CDC. 
Many telemedicine companies are advancing with times. Companies like Everlywell and PlushCare are planning to release testing kits for COVID-19 that can be used at home and with the rising demand for remote consultation services, these companies are bound to exhibit significant growth over the forecasted timeframe. Other companies like HeyDoctor and Doctor on Demand provide coronavirus risk assessments free of cost. These initiatives can positively impact the growth of the market.  

Telemedicine Market Segmentation:

By Component

• Product
  o Hardware
  o Software
  o Others
• Services
  o Tele-consulting
  o Tele-monitoring
  o Tele-education

By Technology

  • Store and Forward
  • Real Time
  • Others

By Application

  • Teleradiology
  • Telepsychiatry
  • Telepathology
  • Teledermatology
  • Telecardiology
  • Others

By Delivery Model

• Web/Mobile
  o Telephonic
  o Visualized
• Call Centers

By Type

  • Tele-hospital
  • Tele-home

By End-use

  • Providers
  • Payers
  • Patients
  • Others

By Region

  • Europe
  • North America  
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Telemedicine Market Sample Video:

Competitive Landscape:  

  • Tier 1 players- established companies in the market with a major market share  
  • Tier 2 players 
  • Emerging players which are growing rapidly 
  • New Entrants  

FutureWise Takeaways:  

  • Growth prospects  
  • SWOT analysis 
  • Key trends 
  • Key data-points affecting market growth  

Objectives of the Study:

  • To provide with an exhaustive analysis on global telemedicine market by component, by technology, by application, by delivery model, by type, by end-use and region 
  • To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
  • To evaluate and forecast micro-markets and the overall market  
  • To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa
  • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 
  • Profiling of companies to evaluate their market shares, strategies, financials and core competencies 

Flexible Delivery Model:

  • We have a flexible delivery model and you can suggest changes in the scope/table of content as per your requirement
  • The customization Mobility Care offered are free of charge with purchase of any license of the report
  • You can directly share your requirements/changes to the current table of content to: sales@futurewiseresearch.com


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What you get

  • Excel Dataset

  • Infographics

  • PDF Report

  • Market Overview

  • PowerPoint Presentation

What's included

  • Consumer Perception and Procurement

  • Competitive Analysis

  • What’s Next

  • Market Data Forecast

  • Risks and Opportunity Assessment

  • Market Trends and Dynamics