Press release
The Role of Telemedicine Equipment in Addressing the Global Surge in Infectious Diseases Driver: Leading Transformation in the Telemedicine Equipment Market in 2025
Telemedicine Equipment Market Share
The rise in the occurrence of infectious diseases is anticipated to propel the expansion of the telemedicine equipment market. Infectious diseases are maladies triggered by harmful microorganisms, including bacteria, viruses, parasites, or fungi, capable of being passed from one individual to another or from an animal to a human. Telemedicine grants healthcare providers the ability to conduct consultations remotely, allowing patients to acquire medical assistance and direction without needing to physically attend a healthcare establishment. For example, statistics regarding COVID-19 deaths from the Australian Bureau of Statistics, an Australian government agency, revealed a significant surge from 1,122 in 2021 to 9,859 in 2022. The crude death rate also jumped from 4.4 to 38 per 100,000. Additionally, deaths due to Influenza grew from 2 in 2021 to 305 in 2022. Therefore, this continual rise of infectious diseases is a critical driver in the progression of the telemedicine equipment market.
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What Is the projected market size and growth rate for the telemedicine equipment market?
The market size for telemedicine equipment has experienced substantial expansion in the past few years. It's expected to increase from $5.92 billion in 2024 to $6.95 billion in 2025, with a compound annual growth rate (CAGR) of 17.4%. The surge during the historic period stems from a boosted demand for remote health care services, advancements in technology that facilitate telemedicine, escalating health care expenses, and the necessity for affordable alternative solutions. Furthermore, improved internet connectivity and infrastructure, augmented awareness, and acceptance of telemedicine within the healthcare professional and patient communities have also contributed to this growth.
The market for telemedicine equipment is projected to undergo swift expansion in the coming years, poised to reach $13.24 billion by 2029 with a compound annual growth rate (CAGR) of 17.5%. This projected growth during the forecast period is tied to the embrace of 5G technology for improved connectivity, a rise in the worldwide aging population and chronic ailments, government efforts to boost telehealth services, incorporation of artificial intelligence into telemedicine solutions, and the growth of telemedicine in emerging markets. Principal tendencies during the forecast period encompass technological advancements, product innovations, investments, and partnerships.
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What new trends are reshaping the telemedicine equipment market and its opportunities?
Leading corporations in the telemedicine equipment industry are concentrating on creating innovative solutions like AI-infused telemedicine devices to augment remote healthcare delivery and elevate patient outcomes. These AI-equipped telemedicine apparatuses use advanced healthcare devices and systems intertwined with artificial intelligence to aid remote patient diagnosis, monitoring, and treatment. For example, in June 2024, C3 Med-Tech Private Limited, a company in India that manufactures affordable and portable smartphone eye-check instruments, received a confidential investment from Industrial Metal Powders. This enabled them to introduce innovative AI-capable and portable equipment suitable for effective eye examinations and instant detection of eye conditions. The merger of telemedicine and AI technology encourages instant and precise diagnoses, increasing the chance of immediate interventions to avoid visual impairment and blindness. This strategic investment signifies a substantial progression for C3 Med-Tech, as it enables them to broaden their reach both in India and internationally. They plan to achieve this through improved marketing, team expansion, and R&D for subsequent product breakthroughs.
What major market segments define the scope and growth of the telemedicine equipment market?
The telemedicine equipment market covered in this report is segmented -
1) By Product: Telemedicine Cart, Telemedicine Kit, Telemedicine Kiosk, Peripherals
2) By Application: Teleradiology, Telepsychiatry, Telepathology, Teledermatology, Telecardiology, Other Applications
3) By End User: Hospitals, Clinics, Specialty Centers, Home Care Settings, Other End Users
Subsegments:
1) By Telemedicine Cart: Mobile Telemedicine Carts, Stationary Telemedicine Carts
2) By Telemedicine Kit: Basic Telemedicine Kits, Advanced Telemedicine Kits
3) By Telemedicine Kiosk: Self-Service Kiosks, Staff-Assisted Kiosks
4) By Peripherals: Diagnostic Cameras, Vital Signs Monitors, Stethoscopes, Otoscopes, Other Diagnostic Devices:
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North America was the largest region in the telemedicine equipment market in 2024. The regions covered in the telemedicine equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the telemedicine equipment industry growth?
Major companies operating in the telemedicine equipment market are International Business Machines Corporation, Medtronic plc, Koninklijke Philips N.V., Resideo Technologies Inc., Allscripts Healthcare Solutions Inc., Omron Healthcare Inc., AFC Industries Inc., Wellspect Health, American Well Corporation, BioTel Systems Inc., CloudMD Software and Services Inc., Iris Telehealth Inc., TytoCare Inc., Butterfly Network Inc., AliveCor Inc., AMD Global Telemedicine Inc., iHealth Labs Inc., InTouch Technologies Inc., Visionary Medical Devices Inc., Eko Devices Inc., MedWand Technologies Inc., Welch Allyn Inc., BioIntelliSense Inc., CarePredict Inc., Cloud DX Inc., Parsys Medical Inc.
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What Is Covered In The Telemedicine Equipment Global Market Report?
•Market Size Forecast: Examine the telemedicine equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the telemedicine equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the telemedicine equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the telemedicine equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the telemedicine equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the telemedicine equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the telemedicine equipment market.
•Competitive Landscape: Review strategic developments in the telemedicine equipment market, including expansions, agreements, and new product launches.
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