DUBLIN--(BUSINESS WIRE)--The "Telemedicine Market Size, Share & Trends Analysis Report by Component, by Delivery Model, by Technology, by Application (Teleradiology, Telepsychiatry), by Type, by End Use, by Region, and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.
The global telemedicine market size is expected to reach USD 155.1 billion by 2027, expanding at a CAGR of 15.1% over the forecast period. Increasing incidences of chronic conditions and rising demand for self-care medicines are the key factors driving the market. Furthermore, increasing use of internet applications, ease of telemedicine, and rising demand for centralization of healthcare are expected to help save cost, which is one of the critical factors for the telemedicine market growth.
The healthcare industry is enormously huge and its centralization is expected to help in harmonizing the entire process as well as providing economic assistances. The unprecedented outbreak of COVID-19 across the globe has resulted into increased demand for telemedicine solutions, due to lockdown implemented by several countries as a preventive measure to curb the pandemic.
Moreover, owing to their capability to monitor various chronic conditions such as diabetes, cardiovascular conditions, and cancer, telemedicine solutions are expected to experience substantial development in the coming years. The growing prevalence of cardiac conditions, increase in geriatric population, and the constant demand for self-governing by patients are the high impact rendering drivers of this industry.
Telemedicine is helping in reducing the emergency room visits and hospitalization rate, thereby augmenting the market growth. Moreover, improving therapeutic infrastructure, growing post-acute care supervision, and rising demand in the emerging economies are expected to further propel the demand.
- Philips Healthcare
- McKesson Corporation
- Honeywell HomMed
- Doctor on Demand
- AMD Telemedicine
- Aerotel Medical Systems Ltd.
- Intel Corporation.
- Cardio Net Inc.
Further key findings from the study suggest:
- The products sub-segment registered largest revenue share in 2019 due to the increasing adoption of remote monitoring devices
- Telemedicine found wide applications in dermatology, psychiatry, intensive care units, emergency care, ophthalmology, and radiology, out of which, teleradiology accounted for the majority of revenue in 2019
- Web/mobile based delivery model is expected to witness significant growth in coming years due to the high adoption of smartphones and penetration of internet
- The tele-homecare segment is anticipated to expand at a lucrative CAGR in coming years due to the increasing awareness regarding remote healthcare benefits among patients and introduction of advanced technologies to remotely monitor patient's health
- The provider end-use segment held the dominant share of overall market in 2019. Government initiated healthcare programs across the world are anticipated to propel the adoption of telemedicine solutions by patients and providers in coming years
Key Topics Covered:
2 Executive Summary
3 Industry Outlook
3.1 Market Segmentation
3.2 Market Lineage Outlook
3.2.1 Parent market analysis
3.2.2 Ancillary market Analysis
3.3 Market Variable Analysis
3.3.1 Market driver analysis
188.8.131.52 Lack of access to care & rising provider adoption of telemedicine
184.108.40.206 Rising consumer demand and increasing patient acceptance
220.127.116.11 Enhanced quality of care
3.3.2 Market restraint analysis
18.104.22.168 Lack of healthcare infrastructure and value evidence.
22.214.171.124 Reimbursement challenges and unclear regulations.
3.4 Penetration & Growth Prospect Mapping
3.5 Business Environment Analysis tools
4 Impact of Covid-19 in the Telemedicine Market
4.1. Current And Future Impact Analysis
4.1.1 Disease Prevalence Analysis (2019 Q4 - 2020)
126.96.36.199 COVID 19 patients
4.2 Revised Reimbursement Guidelines
4.3 Opportunity Analysis
4.4 Market Entry Strategies
5 Telemedicine Market: Competitive Analysis
5.2 Public Companies
6 Telemedicine Market: Components Segment Analysis
6.1 Telemedicine Market: Components Movement Analysis, 2019 & 2027
7 Telemedicine Market: Technology Segment Analysis
7.1 Telemedicine Market: Technology Movement Analysis, 2019 & 2027
7.2 Store and forward
7.2.1 Store and forward market, 2016 - 2027 (USD Million)
7.3 Real time
7.3.1 Real time market, 2016 - 2027 (USD Million)
7.4.1 Others market, 2016 - 2027 (USD Million)
8 Telemedicine Market: Applications Segment Analysis
8.1 Telemedicine Market: Applications Movement Analysis, 2019 & 2027
9 Telemedicine Market: Delivery Model Segment Analysis
9.1 Telemedicine Market: Delivery Model Movement Analysis, 2019 & 2027
9.3 Call Centers
10 Telemedicine Market: Type Segment Analysis
10.1 Telemedicine Market: Type Movement Analysis, 2019 & 2027
11 Telemedicine Market: End Use Segment Analysis
11.1 Telemedicine Market: End Use Movement Analysis, 2019 & 2027
12 Telemedicine Market: Regional Outlook
12.1 Telemedicine Market Share by Region, 2019 & 2027
12.2 North America
12.4 Asia Pacific
12.5 Latin America
13 Company Profiles
13.1 Strategic Framework
13.2 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/qzl19o