Published :
Tables : 19
Figures : 31
Category : Healthcare
No. of Pages : 250
Report Code : HC-1040
Telemedicine Market Introduction: Telemedicine market is poised to exceed the total market value of $190 billion by 2027 end and register an exuberant CAGR at over 23% during the forecast period of 2020-2027. 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. 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 global 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, 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 Hardware Software Others Services Tele-consulting Tele-monitoring Tele-education By Technology Store and Forward Real Time Others By Application Teleradiology Telepsychiatry Telepathology Teledermatology Telecardiology Others By Delivery Model Web/Mobile Telephonic Visualized Call Centers By Type Tele-hospital Tele-home By End-use Providers Payers Patients Others 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 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 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
Telemedicine market is poised to exceed the total market value of $190 billion by 2027 end and register an exuberant CAGR at over 23% during the forecast period of 2020-2027.
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.
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 global 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, 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
By Technology
By Application
By Delivery Model
By Type
By End-use
By Region
Competitive Landscape:
FutureWise Takeaways:
Objectives of the Study:
Flexible Delivery Model:
1. Market Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Market Scope 1.3.1 Years Considered for the Study 1.3.2 Market Covered 1.4 Currency 1.5 Limitations 1.6 Stakeholders 2. Research Methodology 2.1 Research Data 2.1.1 Secondary Data 2.1.1.1 Key Data from Secondary Sources 2.1.2 Primary Data 2.1.2.1 Key Data from Primary Sources 2.2 Market Size Estimation 2.3 Market Breakdown and Data Triangulation 2.4 Assumptions for the Study 3. Executive Summary 3.1 Market Outlook 3.2 Segment Outlook 3.3 Competitive Insights 4. Global Telemedicine Market Variables, Trends & Scope 4.1. Market Lineage Outlook 4.2. Penetration and Growth Prospect Mapping 4.3. Industry Value Chain Analysis 4.4. Cost Analysis Breakdown 4.5. Technology Overview 4.6. Regulatory Framework 4.6.1. Reimbursement Framework 4.6.2. Standards and Compliances 5. Market Overview 5.1. Market Dynamics 5.1.1. Market Driver Analysis 5.1.1.1. Increasing focus of Telemedicine Companies on Brand Protection 5.1.1.2. Untapped Opportunities in Emerging Regions 5.1.2. Market Restraint Analysis 5.1.2.1. High Cost Associated with Implementation of Predictive Analysis 5.1.3. Industry Challenges 5.1.3.1. Presence of Ambiguous Regulatory Framework 6. Global Telemedicine Market Analysis Tools 6.1. Industry Analysis - Porter’s 6.1.1. Supplier Power 6.1.2. Buyer Power 6.1.3. Substitution Threat 6.1.4. Threat from New Entrants 6.1.5. Competitive Rivalry 6.2. Pestel Analysis 6.2.1. Political Landscape 6.2.2. Environmental Landscape 6.2.3. Social Landscape 6.2.4. Technology Landscape 6.2.5. Legal Landscape 6.3. Major Deals And Strategic Alliances Analysis 6.3.1. Joint Ventures 6.3.2. Mergers and Acquisitions 6.3.3. Licensing and Partnership 6.3.4. Technology Collaborations 6.3.5. Strategic Divestments 6.4. Market Entry Strategies 6.5. Case Studies 7. Global Telemedicine Market, By Component Historical Analysis and Forecast 2020-2027 (USD Million) 7.1. Product 7.1.1. Hardware 7.1.2. Software 7.1.3. Others 7.2. Services 7.2.1. Tele-consulting 7.2.2. Tele-monitoring 7.2.3. Tele-education 8. Global Telemedicine Market, By Technology Historical Analysis and Forecast 2020-2027 (USD Million) 8.1. Store and Forward 8.2. Real Time 8.3. Others 9. Global Telemedicine Market, By Application Historical Analysis and Forecast 2020-2027 (USD Million) 9.1. Teleradiology 9.2. Telepsychiatry 9.3. Telepathology 9.4. Teledermatology 9.5. Telecardiology 9.6. Others 10. Global Telemedicine Market, By Delivery Model Historical Analysis and Forecast 2020-2027 (USD Million) 10.1. Web/Mobile 10.1.1. Telephonic 10.1.2. Visualized 10.2. Call Centers 11. Global Telemedicine Market, By Type Historical Analysis and Forecast 2020-2027 (USD Million) 11.1. Tele-hospital 11.2. Tele-home 12. Global Telemedicine Market, By End Use Historical Analysis and Forecast 2020-2027 (USD Million) 12.1. Providers 12.2. Payers 12.3. Patients 12.4. Others 13. North America Market Analysis 2015–2019 and Forecast 2020–2027 (USD Million) 13.1. Introduction 13.2. Historical Market Size (USD Million) Analysis By Country, 2015-2019 13.2.1. U.S.A 13.2.2. Canada 13.2.3. Mexico 13.3. Market Size (USD Million) Forecast for North America 2020-2027 14. Latin America Market Analysis 2015–2019 and Forecast 2020–2027 (USD Million) 14.1. Introduction 14.2. Regional Market Trends 14.3. Historical Market Size (USD Million) Analysis By Country, 2015-2019 14.3.1. Brazil 14.3.2. Venezuela 14.3.3. Argentina 14.3.4. Rest of Latin America 14.4. Market Size (USD Million) Forecast for Latin America 2020-2027 15. Europe Market Analysis 2015–2019 and Forecast 2020–2027 (USD Million) 15.1. Introduction 15.2. Historical Market Size (USD Million) Analysis By Country, 2015-2019 15.2.1. Germany 15.2.2. U.K 15.2.3. France 15.2.4. Italy 15.2.5. Spain 15.2.6. Russia 15.2.7. Poland 15.2.8. Switzerland 15.2.9. Rest of Western Europe 16. Asia Pacific Market Analysis 2015–2019 and Forecast 2020–2027 (USD Million) 16.1. Introduction 16.2. Historical Market Size (USD Million) Analysis By Country, 2015-2019 16.2.1. Japan 16.2.2. China 16.2.3. Singapore 16.2.4. India 16.2.5. Australia and New Zealand 16.2.6. ASEAN 16.2.7. South Korea 16.2.8. Rest of Asia Pacific 16.3. Market Size (USD Million) Forecast for Asia Pacific 2020-2027 17. Middle East and Africa Market Analysis 2015–2019 and Forecast 2020–2027 (USD Million) 17.1. Introduction 17.2. Historical Market Size (USD Million) Analysis By Country, 2015-2019 17.2.1. Saudi Arabia 17.2.2. UAE 17.2.3. South Africa 17.2.4. Egypt 17.3. Market Size (USD Million) Forecast for MEA 2020-2027 18. Company Profiles (Competition Dashboard, Competitors Deep Dive, Product Connected Devices and Technology Portfolio, Financial Layouts) 18.1. TeleVital 18.1.1. Company Overview 18.1.2. Product Portfolio 18.1.3. SWOT Analysis 18.1.4. Financial Overview 18.1.5. Strategic Overview 18.2. AMD Global Telemedicine, Inc. 18.2.1. Company Overview 18.2.2. Product Portfolio 18.2.3. SWOT Analysis 18.2.4. Financial Overview 18.2.5. Strategic Overview 18.3. HealthTap 18.3.1. Company Overview 18.3.2. Product Portfolio 18.3.3. SWOT Analysis 18.3.4. Financial Overview 18.3.5. Strategic Overview 18.4. American Well 18.4.1. Company Overview 18.4.2. Product Portfolio 18.4.3. SWOT Analysis 18.4.4. Financial Overview 18.4.5. Strategic Overview 18.5. Maven 18.5.1. Company Overview 18.5.2. Product Portfolio 18.5.3. SWOT Analysis 18.5.4. Financial Overview 18.5.5. Strategic Overview 18.6. InTouch Health 18.6.1. Company Overview 18.6.2. Product Portfolio 18.6.3. SWOT Analysis 18.6.4. Financial Overview 18.6.5. Strategic Overview 18.7. Spruce Health 18.7.1. Company Overview 18.7.2. Product Portfolio 18.7.3. SWOT Analysis 18.7.4. Financial Overview 18.7.5. Strategic Overview 18.8. HealthSpot 18.8.1. Company Overview 18.8.2. Product Portfolio 18.8.3. SWOT Analysis 18.8.4. Financial Overview 18.8.5. Strategic Overview 18.9. Allscripts Healthcare Solutions Inc 18.9.1. Company Overview 18.9.2. Product Portfolio 18.9.3. SWOT Analysis 18.9.4. Financial Overview 18.9.5. Strategic Overview 18.10. Eagle Telemedicine 18.10.1. Company Overview 18.10.2. Product Portfolio 18.10.3. SWOT Analysis 18.10.4. Financial Overview 18.10.5. Strategic Overview 19. FutureWise SME key takeaway points for Client
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