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Telemedicine Market worth $276.39 billion by 2030, growing at a CAGR of 18.08% - Exclusive Report by 360iResearch
Telemedicine Market | 360iResearch
The Global Telemedicine Market to grow from USD 86.32 billion in 2023 to USD 276.39 billion by 2030, at a CAGR of 18.08%.
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Telemedicine is an innovative, multi-faceted modality of delivering and improving healthcare services. It leverages digital information and telecommunication technologies such as computers, mobile devices, satellite systems, and telehealth portals to support long-distance healthcare and patient education, particularly for rural communities. The surging incidences of chronic diseases and the adoption of digital technologies by the healthcare sector to enhance connectivity and improve treatment outcomes are accelerating the use of telemedicine solutions globally. However, data privacy concerns may impede the use of telemedicine solutions by the end-users globally. Moreover, the integration of big data analytics, Artificial Intelligence, and Machine Learning to provide personalized care is anticipated to encourage the adoption of telemedicine by healthcare facilities worldwide.
The telemedicine market is highly evolving in the Americas owing to the well-established healthcare sector, the adoption of advanced digital technologies, and a patient population inclining toward medical convenience. EU countries are accelerating the integration of telemedicine as part of the solutions to increase service accessibility. In the Middle East and Africa region, improving healthcare infrastructures and the need to deliver efficient healthcare at rural locations are accelerating the use of telemedicine in the region. Rapid internet penetration and government initiatives for digitalization across the healthcare sector and the growing need for rural healthcare delivery are facilitating the growth of the telemedicine market in the APAC region. Besides, the introduction of wearable devices and the growing popularity of digital health is anticipated to encourage the growth of the telemedicine market worldwide.
Market Segmentation & Coverage:
This research report categorizes the Telemedicine Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Hardware and Software. The Software is projected to witness significant market share during forecast period.
Based on Services, market is studied across Tele-Consulting, Tele-Education, Tele-Monitoring, Tele-Pathology, Tele-Psychiatry, Tele-Radiology, Tele-Surgery, and Tele-Training. The Tele-Surgery is projected to witness significant market share during forecast period.
Based on Modality Type, market is studied across Real-Time and Store & Forward. The Store & Forward is projected to witness significant market share during forecast period.
Based on Specialty, market is studied across Cardiology, Dermatology, Emergency Care, Gynecology, Internal Medicine, Neurology, and Orthopedics. The Neurology is projected to witness significant market share during forecast period.
Based on Mode of Delivery, market is studied across Cloud-Based and On-Premise. The On-Premise is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Ambulatory Surgical Centers, Home Care Settings, Hospitals & Clinics, and mHealth Providers. The Hospitals & Clinics is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 35.32% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Telemedicine Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Telemedicine Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Telemedicine Market, highlighting leading vendors and their innovative profiles. These include Aerotel Medical Systems Ltd., AMD Global, American Well Corporation, Cisco Systems, Inc., Doctor On Demand by Included Health, Inc., Doximity, Inc., General Electric Company, GlobalMedia Group, LLC, HealthTap, Inc., iCliniq by Orane Healthcare India Private Limited, Koninklijke Philips N.V., McKesson Corporation, Medtronic PLC, PlushCare, Inc., Practo Technologies Private Limited, RaiseHand Inc., Rudolf Riester GmbH, Siemens AG, Talkspace, Teladoc Health, Inc., TeleSpecialists LLC, Tunstall Healthcare Group, Veradigm LLC, Vonage Holdings Corp., and Zehntech Technologies Pvt. Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Telemedicine Market, by Component
7. Telemedicine Market, by Services
8. Telemedicine Market, by Modality Type
9. Telemedicine Market, by Specialty
10. Telemedicine Market, by Mode of Delivery
11. Telemedicine Market, by End-User
12. Americas Telemedicine Market
13. Asia-Pacific Telemedicine Market
14. Europe, Middle East & Africa Telemedicine Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Telemedicine Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Telemedicine Market?
3. What is the competitive strategic window for opportunities in the Telemedicine Market?
4. What are the technology trends and regulatory frameworks in the Telemedicine Market?
5. What is the market share of the leading vendors in the Telemedicine Market?
6. What modes and strategic moves are considered suitable for entering the Telemedicine Market?
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