Telemedicine Market reach USD 56,738.3 by 2023 | Top Trending Enhancements and Growth Analysis by Aerotel Medical Systems Ltd., Allscripts Healthcare Solutions, Cardiocom, AMD Global Telemedicine, Inc. and More

Global Telemedicine Market is expected to grow at a CAGR of 16.8% and reach USD 56,738.3 by 2023.

Increasing adoption of Electronic Health Record (EHR)/ Electronic Medical Record (EMR), rising prevalence of chronic diseases like diabetes, cancer, besides others followed by a dearth of physicians in the presence of increasing healthcare services demands drives the global telemedicine market. However, the high cost of implementing telemedicine systems and the need for training along with stringent government regulations is estimated to restraint the market growth during the projected period.

Segmentation

The Global Telemedicine Market is segmented on the basis of service type, component, deployment, application, and end user. On the basis of the service type, the market is segmented into telenursing, telepharmacy, teleradiology, teledermatology, teleoncology, others. On the basis of the component, the market is categorized into software and hardware. The software segment is sub-segmented into integrated software and standalone software. The hardware segment is sub-segmented into monitors and medical peripheral devices. On the basis of the deployment, the market is segmented into cloud based and on premises. On the basis of the application, the market is segmented into cardiology, ophthalmology, psychiatry, radiology, dermatology, and others. On the basis of the end user, the market is segmented into hospitals, clinics, home care.

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Telemedicine Market Regional Analysis

The Americas possess the most significant market share due to the existence of a well funded and established healthcare sector. Moreover, the region is often swift in its adoption of current healthcare IT technology. There is a strong presence of major market players who contribute significantly toward the market position of this region. The research and development of this technology in the Americas, specifically the U.S and Canada is expected to motivate market growth.

Government support and pressing healthcare needs have boosted Europe to the second largest regional market segment. Developed economies in this region have an established healthcare sector and a growth pattern similar to that of the Americas.

Rapidly emerging economies of the fastest growing Asia Pacific region such as India, China, and Australia are driving growth for the global telemedicine market. The growing expenditure on healthcare and the considerable potential of this technology for the vast patient population that exists in this region is expected to motivate growth.

Meanwhile, the Middle East & Africa is expected to grow moderately during the forecast period due to the presence of impoverished countries in the African continent. However, developing countries of the Middle East are expected to facilitate growth, albeit limited.

Telemedicine Market Key Players

Prominent players who have been profiled in MRFR's analysis of the competitive landscape include Aerotel Medical Systems Ltd., Allscripts Healthcare Solutions, Cardiocom, AMD Global Telemedicine, Inc., CardioNet, CareClix, Cerner Corporation, Intel Corporation, Iris Telehealth, Koninklijke Philips N.V., Medtronic, GENERAL ELECTRIC, IBM Corporation, SHL Telemedicine, TeleVital, Honeywell Lifesciences, Tunstall Healthcare, Care Innovations, Medvivo Group Ltd, and others.

Telemedicine Market report explores ongoing research and development of the technology which is bound to mitigate issues regarding affordability. Overall, the market is expected to experience thriving growth.

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MAJOR TABLE OF CONTENTS FOR TELEMEDICINE MARKET RESEARCH REPORT- FORECAST TILL 2023:

1 Report Prologue$ 1,350.00

2 Market Introduction$ 0.00

2.1 Introduction 17

2.2 Assumptions & Limitations 17

2.2.1 Assumptions 17

2.2.2 Limitations 17

2.3 Market Structure 17

3 Research Methodology$ 0.00

3.1 Research Process 20

3.2 Primary Research 20

3.3 Secondary Research 20

3.4 Market Size Estimation 21

4 Market Dynamics$ 950.00

4.1 Introduction 23

4.2 Drivers 24

4.2.1 Increasing Adoption Of EHR/EMR 24

4.2.2 Increasing Prevalence Of Chronic Diseases Like Diabetes, Cancer, And Others 25

4.2.3 The Dearth Of Physicians In The Presence Of Increasing Healthcare Services Demands 26

4.3 Restraints 27

4.3.1 The High Cost Of Implementing Telemedicine Systems Like EMR & EHR And The Need For Training 27

4.3.2 Stringent Government Regulations 28

TOC Continued…!

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The Global Telemedicine Market is segmented on the basis of service type, component, deployment, application, and end user. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Intended Audience

Pharmaceutical companies
Biotechnological institutes
Government and Private Laboratories
Research and Development (R&D) Companies
Medical Research Laboratories
Market Research and Consulting Service Providers

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