Russia Telemedicine Market Evolution Segmentation and Insight of Trends 2023 to 2028 with Top Countries Data

The Russia Telemedicine Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Russia Telemedicine market. This report explores all the key factors affecting the growth of the global Russia Telemedicine market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Description of the Russia Telemedicine Market Analysis

Research Scope and Assumption

The report provides the market value for the base year 2020 and a yearly forecast up to 2028 in terms of revenue (USD billion)
The key industry dynamics, regulatory scenario, reimbursement scenario, major market trends, and drug markets are evaluated to understand their impacts on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis
We have used the combination of top-down and bottom-up approach for market sizing, analyzing key regional markets, dynamics, and trends for various solutions, services, and end uses
All market estimates and forecasts have been validated through primary interviews with the Key Industry Players (KIPs) and secondary analysis
Inflation has not been accounted for in order to estimate and forecast the market
Numbers may not add up due to rounding off

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Facilitate decision-making based on strong current and forecast data for Russia Telemedicine Market Analysis
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Strategically analyze micro-markets with respect to individual growth trends, future prospects, and their contribution to the market
Analyze competitive developments such as expansions, investments, mergers & acquisitions, new product developments, and research & developments in the Russia Telemedicine Market Analysis
Analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
To strategically profile key players and comprehensively analyze their market shares and core competencies
We have technically sound team which do a deep dive research and also provide strategy based consulting analysis

Russia Telemedicine Market Analysis Executive Summary

In Russia, telemedicine, as a publicly available medical practice, is just beginning to develop, although for a country with vast distances and transport underdevelopment, telemedicine services are especially important social and economic. Telemedicine can be used for remote audio and video consultations, reducing the cost of repeated visits to a doctor, constant monitoring of patients with chronic diseases, remote surgical operations, emergency assistance in emergency situations, assistance to military and astronauts, as well as for training and advanced training of doctors.

Market Size and Key Findings

The Russia Telemedicine Market Analysis size stood at around USD 0.057 billion in 2020 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

In 2019, the revenue of the telemedicine market in Russia constituted 4.4 billion Russian rubles. After a sharp increase to nearly 2.7 billion Russian rubles in 2017, the market revenue continued to grow in the following two years.

Market Dynamics

Market Growth Drivers Analysis

The significant growth of the Russia telemedicine market in the coming timeframe is expected to be witnessed on the back of an increase in digitalization in the healthcare sector. A rise in remote consultation backed by the rising prevalence of chronic diseases is anticipated to be a growth contributing factor for the progressive growth of the Russia telehealth market. A spur in the technological innovations in the healthcare sector, and efforts to find a resolution to address the accessibility issues of the healthcare sector in remote areas and offer bountiful opportunities to the potential industrial makers of the product and the to-be-investors to register significant growth in the coming timeframe.

Market Restraints

It would be very convenient to create a full-fledged unified medical base throughout Russia with the ability to access it by any doctor, but how to make sure that this base is well protected and the data in it is securely encrypted By a regular video call, a doctor can find out confidential information - how to verify that it will not be intercepted And how to make sure that it is used lawfully and cases are impossible so that "black realtors" massively turn to pensioners with mental disorders So far, these are isolated risks, but they can become a serious problem if telemedicine is used everywhere.

Covid-19 Market Impact Analysis

The COVID-19 coronavirus pandemic has become a powerful incentive for the development of telemedicine both in the world and in Russia. The 1st Sechenov State Medical University became responsible for providing telemedical services to patients with coronavirus. In a short time, the university conducted more than 2,000 teleconsultations in the "doctor-doctor" mode for regional medical institutions. Increasingly, they resorted to this way of communication in the regions themselves. For example, in the Sverdlovsk region for 4 months of 2020, compared with the same period of the previous year, the number of telemedicine consultations on the infectious profile increased by 16%, on medical rehabilitation - 3.5 times, on pulmonology - 9 times.

Competitive Landscape

Key Players

Some of the major industry players involved in telemedicine market include Medisoft Telemedicine, Ge Healthcare, Haemonetics Corp., AMD Global Telemedicine Inc., Philips Healthcare, Cloudvisit Telemedicine, Reach Health companies.

Products in Pipeline

Large Russian enterprises such as Yandex (a Russian multinational technology corporation specialising in online services and products) and New Medicine (Novaya Meditsina, ) have both launched online-consultation services, with which the patient can discuss health issues directly with a doctor. Yandex even went a step further and has created Yandex. Health, a mobile application which allows the user to have a discussion with a qualified doctor online and in turn get sound medical advice. The application has had over 10,000 downloads in Russia alone since November 2016.
In mid-October 2021, it became known that the Ministry of Economic Development of the Russian Federation developed a program of an experimental legal regime (EPR) for telemedicine. It is assumed that doctors will make diagnoses via the Internet.

Notable Recent Deals

On October 20, 2020, the Ministry of Health of Russia announced the upcoming launch of remote medical consultations on the public services portal. The implementation of the pilot project is planned to begin with five regions, said Deputy Department Pavel Pugachev.
On July 16, 2020, it became known that remote medical consultations for the first time in Russia began to be provided under the compulsory medical insurance policy. The telemedicine service "Doctor Nearby" has become available to the owners of the compulsory medical insurance policy in the Kaluga region - this is about 1 million people.

Healthcare Policies and Regulatory Landscape

Policy changes and Reimbursement scenario

The Ministry of Healthcare (MoH) of Russia adopted The Concept of Development of Telemedicine Technologies No 76 on 27 August 2001, thereby attempting to regulate the telemedicine and e-Health market for the first time. This attempt was simply based on a declaration to regulate the market, rather than provide legal regulations, therefore was at that stage only able to provide useful definitions. This included the definition of telemedicine as medical-diagnostic consultations, administrative, education, scientific measures in healthcare carried out via telemedicine technologies. Over a decade later and according to Article 32 (3) of the Law concerning the basics of Healthcare of the citizens of the Russian Federation, telemedicine is still not legal or fully regulated, as the law does not allow the provision of remote medical diagnosis or assistance. An amendment to the law was submitted to the lower house of the Russian Parliament in May 2016, which introduced a more contemporary way in which medical services can be delivered in Russia.

LANIT-Integration (part of the LANIT group of companies), with the support of Intel, has developed and implemented a system for remote coordination of medical activities in 39 clinics in Russia. This was announced by LANIT on October 5, 2020. The results of the April pilot project in the main coronavirus center of the State Design Bureau No. 40 (Kommunarka) made it possible to scale the decision to other medical institutions.

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Russia Telemedicine Market Analysis Segmentation

By Component:

On the basis of component, the Russian telemedicine market is divided into services, software, and hardware. The services segment accounted for the largest share of the telemedicine market. Factors such as rising adoption of remote monitoring solutions and technological advancements in telecommunications are contributing to the growth of this segment.

By Application:

On the basis of application, the Russian telemedicine market is segmented into teleconsultation, teleradiology, telecardiology, telepathology, teledermatology, and other applications. The teleconsultation segment accounted for the largest share.

By Delivery Mode:

On the basis of deployment mode, the Russian telemedicine system market is categorized into three segments, namely, on-premise, web-based, and cloud-based. The web-based segment accounted for the largest share of the telemedicine delivery mode market. Factors such as huge customer base and remote data accessibility are driving the growth of this segment.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Russia Telemedicine Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global Russia Telemedicine Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Russia Telemedicine market
Chapter 2: Exclusive Summary - the basic information of the Russia Telemedicine Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Russia Telemedicine
Chapter 4: Presenting the Russia Telemedicine Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Russia Telemedicine market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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In conclusion, the Russia Telemedicine Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.

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