Telemedicine Market by Service Type (Telepathology, Teleradiology, Teledermatology, Teleconsultation, and others), By End-user (Hospitals, Clinics, Community Health Centre, Ambulatory Centres, Academics) by Region: Industry Analysis, Market Share, Revenue Opportunity, Competition and Forecast 2026

Overview

Telemedicine Market Introduction

The global telemedicine market is poised to exceed the total market value of $110 billion by 2026 end and register an exuberant CAGR at over 16% during the forecast period of 2019-2026.

Telemedicine system is a process of diagnosis and treatment of medical indication remotely by means of telecom nations. Telemedicine system consisting of the system with necessary telecommunication for medical imaging as well as information can be sent to the consultant doctors with satellite link in the form of digital data packs. With this data, telemedicine doctors can review the patient data and prescribes the necessary medicines in real time. Telemedicine can be advantageous for people living in isolated communities and remote areas and also reduces the cost of health care. It increases efficiency through better supervision of diseases with shared health professional staffing.

Telemedicine Market Overview

The increasing demand for telemedicine in better management of disease indication through shared information fuelled the growth of Telemedicine. Telemedicine has gained traction over the past decade due to the increasing importance of real-time monitoring of the patient population. Telemedicine is the process of sharing studies and can improvise the treatment guidelines for better disease management. Additionally, growing awareness of teleradiology among the developed economies is expected to boost the growth of Telemedicine market over the forecast period. Along with this, technology have integrated telemedicine into healthcare settings and increased the efficiency of services. Further, increasing healthcare burden on government bodies led to the reformulation of existing healthcare policies to support the smart technologies to contain the burden of healthcare. It led to rapid evolution of telemedicine market during the forecast period.

North America and Europe Telemedicine markets account major share in the global market due to the increasing importance of telemedicine in disease management. Asia Pacific region represented as the most lucrative market for telemedicine provides due to increasing adoption of technological services in a healthcare setting. Latin America and Rest of the world are highly untapped markets for Telemedicine and they are expected to witness significant growth during the forecast period due to growing importance.

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

Global Telemedicine Market

Report Structure

Global Telemedicine Market, by Service Type

Telepathology
Teleradiology
Teledermatology
Teleconsultation
Others

Global Telemedicine Market, by End User

Hospitals
Diagnostics Laboratories
Clinics
Outpatient Centres

Global Telemedicine Market, by Region

Europe
North America
APAC
Latin America
Rest of World

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 service type, end-user 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
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