openPR Logo
Press release

Global Telemedicine Market to be Driven by Increased Awareness towards Virtual Health Assistance and Reducing the Healthcare Expenditure in the Forecast Period of 2023-2031

04-13-2023 08:38 AM CET | IT, New Media & Software

Press release from: Expert Market Research

Global Telemedicine Market to be Driven by Increased Awareness

The new report by Expert Market Research titled, 'Global Telemedicine Market Size, Share, Growth, Trends, Report and Forecast 2023-2031', gives in-depth analysis of the Global Telemedicine market, assessing the market based on its segments like Type, Technology, Service, Mode of delivery, Application, End-User, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.

Get a Free Sample Report with Table of Contents -

The key highlights of the report include:

Market Overview (2018-2031): -

Historical Market Size (2022): USD 83.26 Billion
Forecast CAGR (2023-2031): 20.15%
Forecast Market Size (2031): USD 434.47 Billion

Across the globe, healthcare costs are increasing. Increased use of healthcare services is the primary driver of increasing healthcare prices, resulting in the rise of customer demand for innovative and modern techniques, lifestyle factors, etc. The ability to improve patient outcomes and minimise costs has been shown by Telehealth solutions. In contrast to conventional methods, telemedicine saves the resources of patients, manufacturers, and payers.

Telemedicine has lowered healthcare costs, thus increasing productivity through better chronic disease management, reduced travel times, and fewer hospital stays. Therefore, the market is projected to see strong growth over the forecast period due to all the aforementioned factors.

Industry Definition and Major Segments

Telemedicine is the technique of supporting patients where there is no direct contact between the healthcare team and the patient. By using video-conferencing software or some other device/technology, the practice helps doctors to consult patients. Telemedicine adoption enables communication, treatment, education, intervention, and tracking for long-distance patients and clinicians, among others.

Read Full Report with Table of Contents -

On the basis of Type, the industry is divided into:

Tele hospitals
Tele homes
mHealth (Mobile Health)

On the basis of Technology, the industry is divided into:

Store and Forward
Real Time

On the basis of Service, the industry is divided into:


On the basis of Mode of Delivery, the industry is divided into:

Cloud Based

On the basis of Application, the industry is divided into:

Tele dermatology

On the basis of End-Users, the industry is divided into:


On the basis of Region, the industry is divided into:

North America
Asia Pacific
Latin America
Middle East & Africa

Market Trends

A global problem that places a burden on healthcare infrastructure is the emergence of chronic diseases. Tele homecare, using the latest technologies in telecommunications, is an innovative way to deliver care, track a patient, and provide information. Monitoring makes it possible to detect illnesses at an early stage and thereby avoid chronic problems.

In nations, including the complete device demonstrator (WSD) project in the United Kingdom and the veterans' health segmentation (VHA) project in the United States, tele homecare projects are also introduced. Via remote monitoring of patients, these tele homecare services control, eliminate, and prevent chronic diseases. For patients and hospitals, tele home systems offer an opportunity for substantial savings.

The rising rate of adoption of tele homecare services is thus having a direct effect on the growth of the telemedicine industry. Telemedicine in the United States is an increasingly growing part of healthcare. With the advent of telemedicine applications that assist Americans to be involved in personal health management, healthcare in the United States is experiencing positive trends.

Key Market Players

The major players in the market Koninklijke Philips N.V., Honeywell International Inc., Medtronic plc, Cerner Corporation, Cisco Systems Inc., McKesson Corporation, Teladoc Health Inc., Aerotel Medical Systems Ltd., OBS Medical Ltd., Care Innovations LLC, Allscripts Healthcare Solutions Inc., AMD Global Telemedicine Inc., BioTelemetry Inc., Polycom Inc., GlobalMedia Group LLC and others.

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read More Reports:

Matcha Tea Market:

Dried Fruits Market:

Pest Control Market:

Backhoe Loaders Market:

Guidewire Market:

Organic Pet Food Market:

Topical Pain Relief Market:

Webbing Market:

Auto Dimming Mirror Market:

Pyrogen Testing Market:

Media Contact:

Company Name: Claight Corporation
Contact Person: Alex, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA

About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Telemedicine Market to be Driven by Increased Awareness towards Virtual Health Assistance and Reducing the Healthcare Expenditure in the Forecast Period of 2023-2031 here

News-ID: 3011232 • Views: 528

More Releases from Expert Market Research

Unraveling the DNA of Growth: Oligonucleotide Synthesis Market Insights
Unraveling the DNA of Growth: Oligonucleotide Synthesis Market Insights
Oligonucleotides, which are short sequences of DNA or RNA, serve as the building blocks for genetic research, diagnostics, and therapeutic development. The market for oligonucleotide synthesis involves the production of these crucial molecules. The synthesis process entails chemically creating custom-designed sequences of nucleotides, which can be tailored to meet specific research or therapeutic requirements. Oligonucleotides are indispensable tools in modern molecular biology and biotechnology. Get a Free Sample Report with Table
The Ever-Expanding Hearing Aids Market: A Deep Dive into Growth and Trends
The Ever-Expanding Hearing Aids Market: A Deep Dive into Growth and Trends
The hearing aids market is currently in a state of remarkable growth, influenced by several factors such as technological advancements, shifting demographics, and a heightened awareness of hearing health. In 2023, the market reached a valuation of USD 8.7 billion, with projections indicating a steady compound annual growth rate (CAGR) of 5.9% during the forecast period spanning from 2024 to 2032. By the year 2032, experts anticipate that the hearing
Navigating the Expansive Biomaterials Market Size, Share, Growth 2024-2032
Navigating the Expansive Biomaterials Market Size, Share, Growth 2024-2032
In the year 2023, the biomaterials market achieved a remarkable valuation of USD 130.8 billion. Fast forward to 2032, and industry experts anticipate an even more impressive milestone, with the market projected to grow at a Compound Annual Growth Rate (CAGR) of 14.10% during the forecast period from 2024 to 2032, ultimately reaching a staggering value of USD 429.9 billion. This exponential growth beckons a closer examination of the biomaterials
Navigating the Surgical Robots Market: A Comprehensive Exploration
Navigating the Surgical Robots Market: A Comprehensive Exploration
In the ever-evolving realm of healthcare technology, surgical robots stand out as transformative tools, reshaping the landscape of surgical procedures. As of 2023, the Surgical Robots Market has achieved a remarkable value of USD 176.89 billion, and it is poised for sustained growth with a projected Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period from 2024 to 2030. This market surge is chiefly attributed to the escalating

All 5 Releases

More Releases for Tele

Telehealth Market By Component (Services, Hardware, and Software), Application ( …
Telehealth Market The Telehealth Market is estimated to reach USD 70.19 Billion by 2026, from USD 26.4 Billion in 2020 and registering a CAGR of 17.7% during the forecast period. Download Free Sample: Telehealth Market Segmentation Telehealth Market By Component (Services, Hardware, and Software), Application (Teleradiology, Tele-consultation, Tele-ICU, Tele-stroke, Tele-psychiatry, Tele-dermatology), End Users (Hospitals and Clinics, Diagnostic Centers, Home Care, and Others), Geography (North America, Europe, APAC, and RoW) View Full Report:
Tele-radiology Market Size, Share | Tele radiology Industry Future Growth, Marke …
Global Tele radiology Market Report provides a detailed industry overview along with the analysis of Cost Structure, Supply Chain, Development Techniques, Retailers Analysis, Financial Support, business Strategies, Marketing Channels. Global Tele radiology Market research report provides a point-by-pointIn-Depth analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, the impact of domestic and global market players, value chain optimization, trade regulations,
Worldwide Telemedicine Technologies Industry By Segments (Tele-Home & Tele-Hospi … offers "Telemedicine Technologies Market By Segment (Tele-Home & Tele-Hospital), By Applications (Tele-Radiology, Tele-Consultation, Tele-Monitoring And Tele-Surgery) - Global Forecast To 2022" from its research store. Telemedicine allows healthcare professionals to evaluate, diagnose and treat patients in remote locations by using telecommunications and information technology as medium of communication between patients and doctors. Telemedicine is also referred to as telehealth or e-health. Growth in the telemedicine market in the historic period resulted
Tele-Intensive Care Unit Market Survey 2025 || TeleICUCare, Eagle Telemedicine, …
According to the new research report published by The Insight Partners, titled "Tele-Intensive Care Unit Market- Global Analysis and Forecast to 2025". Tele-Intensive Care Unit Market focuses on Major Leading Industry Players, providing info like: product scope, market overview, opportunities, driving force and market risks. Profile the top manufacturers of Market, with sales, revenue and global market share of Tele-Intensive Care Unit Market are analyzed emphatically by landscape contrast and speak
Telemedicine Technologies and Services Market to 2027 - Global Analysis and Fore …
Telemedicine uses technology to connect patients with providers at a distance. While the clinical aspects of this have been reviewed extensively, the technical aspects are not as well understood by allergists when they consider adding telemedicine to their practice. This review focuses on the technical aspects of setting up a telemedicine program. Telemedicine comprises the transmission of health images, videoconferencing, e-health portals, and remote monitoring of vital signs. The telemedicine technologies
Telemedicine Market by Service (Tele-Consulting, Tele-Education, Tele-Monitoring …
Telemedicine uses a wide range of information and communication technologies to deliver a clinical solution to patients. It includes various applications and services such as smartphones, email, two-way videos, and wireless tools. It helps in improving individual health with the help of electronic media. In addition, it also surges availability by reducing distance barriers between the medical service provider and patients. Request for Sample Copy of Research Report at: The