Global Telemedicine Market Anticipated to Grow at a CAGR of 17.5% during 2016-2024

According to Goldstein Research, the global telemedicine market is expected to reach USD 56.7 billion by 2024, growing at a CAGR of 17.5% over the forecast period 2016-2024. Major driving factor for the expansion of telemedicine market is built-in EMR integration that provides the patient information to the clinician at the point of care and also to the remote specialist, even when they each use a different EMR during telemedicine consultation.

Global telemedicine market segmentation has been done on the basis of type, service, technology, application, and geography. Based on application, dermatology dominated the market with 27.0% market share in 2016 while neurology is expected to witness the fastest growth at a CAGR of 14.57% owing to increasing neurological complications.

Global telemedicine market is largely dominated by North America with a market share of 40% in 2016 while APAC is projected to witness a robust growth with a CAGR of 15.1% over the forecast years.

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Market Segmentation

On the basis of our in-depth analysis, Global Telemedicine Market can be segmented as follows:

By Type

o Tele-Hospital/Clinics
o Tele-Home
o mHealth

By Service

o Tele-Education
o Tele-Training
o Tele-Consultation
o Tele-Monitoring
o Tele-Care
o Tele-Surgery

By Technology

o Hardware
o Software
o Telecommunications

By Application

o Neurology
o Orthopedics
o Cardiology
o Dermatology
o Pathology
o Psychiatry
o Emergency Care
o Internal Medicine
o Gynecology
o Other (Pharmacy, etc.)

Based on End User

o Hospital
o Clinics
o Patient
o Others (Medical Labs, etc.)

By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Telemedicine Market Outlook 2024” contains a detailed overview of the global telemedicine market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by type, service, technology, and application.

Further, for the in-depth analysis, Global Telemedicine Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as F. Hoffmann-La Roche Ltd., CISCO Systems, Inc., Siemens Healthcare, McKesson Corp, Agfa HealthCare NV, AMD Global Telemedicine, Inc., Polycom Corp., Honeywell HomMed LLC, InTouch Technologies, Inc., LifeWatch AG, Medtronic, Inc., OBS Medical Ltd., Allscripts Healthcare Solutions, IBM, Intel Corporation, Philips Healthcare, GE Healthcare, Cardio Net Inc., etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global telemedicine market size along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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