Global Telemedicine Market to grow at a CAGR of 14.69% by 2030, Evaluates DelveInsight | eladoc Health, Inc., MEDICI, American Well, Doximity, Inc., Practo., DocOnline, MeMD Registered , iCliniq, HealthTap

According to DelveInsight's analysis, the rising prevalence of medical conditions requiring frequent check-ups is likely to drive the growth of the telemedicine market. Ongoing therapy sessions, psychiatric consultations, routine pediatric visits for vaccinations and growth monitoring, as well as management of skin conditions, all demand continuous evaluation and treatment modifications, thereby boosting the demand for telemedicine services.

DelveInsight's "Telemedicine Market Insights, Competitive Landscape and Market Forecast-2030" report provides the current and forecast market outlook, forthcoming device innovation, challenges, market drivers and barriers. The report also covers the major emerging products and key Telemedicine companies actively working in the market.

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Telemedicine Overview

Telemedicine is the use of digital communication technologies-like video calls, mobile apps, and secure messaging-to provide medical care remotely. It allows patients to consult healthcare providers without visiting a clinic or hospital, making healthcare more accessible, especially in rural or underserved areas. Telemedicine is commonly used for follow-up visits, managing chronic conditions, mental health therapy, and minor acute care.

DelveInsight Analysis: In 2023, the telemedicine services market was valued at USD 5,977.31 million and is expected to grow at a CAGR of 14.69% from 2024 to 2030, reaching approximately USD 13,506.45 million by 2030.

Telemedicine Market Insights

Geographically, In 2023, North America is projected to hold the largest share of the telemedicine market among all regions. This is due to several factors, including the increasing prevalence of chronic diseases like cancer and chronic pain that require regular monitoring, growing government efforts to promote telemedicine, and the widespread availability of smartphones with high-speed internet, which have enhanced the accessibility and effectiveness of telemedicine. Additionally, the population's increasing preference for telemedicine and the presence of leading companies developing telemedicine solutions are expected to drive market growth across the region.

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Recent Developments in the Telemedicine Market Report

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In January 2024, Rudolf Riester GmbH unveiled the worldwide launch of its all-in-one telemedicine solution, featuring the ri-sonic Registered E-stethoscope integrated with the eMurmur Registered AI platform.

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In January 2024, A cutting-edge AI-powered telemedicine mobile clinic was introduced to serve remote mountainous regions in Udhampur, India.

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In August 2022, Hicuity Health introduced tele-ICU services at MUSC Health Columbia Medical Center Downtown in Columbia, South Carolina.

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In April 2022, Bayer, through Bayer Foundation India, plans to establish 27 telemedicine centers across 12 districts in eight Indian states within the next two years.

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In June 2022, Joerns Healthcare, a company specializing in healthcare technology and equipment services, announced the expansion of its offerings by adding consulting telerespiratory services through an exclusive partnership with rtNOW. This service will feature registered, certified respiratory therapists who provide remote tele-connected support for device and therapy setup, ongoing usage, and troubleshooting assistance to caregivers and clinicians throughout the clinical process.

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Thus, owing to such developments in the market, rapid growth will be observed in the Telemedicine market during the forecast period

Key Players in the Telemedicine Market

Some of the key market players operating in the Telemedicine market include- Teladoc Health, Inc., MEDICI, American Well, Doximity, Inc., Practo., DocOnline, MeMD Registered , iCliniq, HealthTap, Inc., WELL Health Technologies Corp., Vesta Teleradiology, USARAD.CO, Samsung Health U.S, Rudolf Riester GmbH, SHL Telemedicine, Array Behavioral Care., SOC Telemed, Heidelberg Medical Consultancy & Health Tourism Pvt. Ltd., First Derm, DirectDerm, and others.

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Analysis on the Telemedicine Market Landscape

According to recent data from the World Health Organization (2023), depression affects around 3.8% of the global population, including 5% of adults (4% of men and 6% of women) and 5.7% of individuals aged 60 and older. Worldwide, approximately 280 million people suffer from depression. The condition is about 50% more common in women than in men, with over 10% of women experiencing depression during pregnancy and postpartum.

As a result, the rising prevalence of mental health disorders is significantly driving the telemedicine market by increasing the need for continuous, accessible, and efficient healthcare services. Mental health conditions require frequent checkups and ongoing management, which telemedicine supports through remote consultations and telemonitoring. As a result, these factors are expected to contribute to the continued expansion of the Telemedicine market from 2024 to 2030.

Scope of the Telemedicine Market Report

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Coverage: Global

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Study Period: 2021-2030

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Telemedicine Market Segmentation By Type: Tele Consulting and Tele Monitoring

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Telemedicine Market Segmentation By Application Type: (Telepathology, Telecardiology, Teleradiology, Teledermatology, Telepsychiatry, Other Services

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Telemedicine Market Segmentation By End-User: Healthcare Facilities and Homecare

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Telemedicine Market Segmentation By Geography: North America, Europe, Asia-Pacific, and Rest of the World

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Key Telemedicine Companies: Teladoc Health, Inc., MEDICI, American Well, Doximity, Inc., Practo., DocOnline, MeMD Registered , iCliniq, HealthTap, Inc., WELL Health Technologies Corp., Vesta Teleradiology, USARAD.CO, Samsung Health U.S, Rudolf Riester GmbH, SHL Telemedicine, Array Behavioral Care., SOC Telemed, Heidelberg Medical Consultancy & Health Tourism Pvt. Ltd., First Derm, DirectDerm, and others

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Porter's Five Forces Analysis, Product Profiles, Case Studies, KOL's Views, Analyst's View

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Table of Contents

1

Telemedicine Market Report Introduction

2

Telemedicine Market Executive summary

3

Regulatory and Patent Analysis

4

Telemedicine Market Key Factors Analysis

5

Porter's Five Forces Analysis

6

COVID-19 Impact Analysis on Telemedicine Market

7

Telemedicine Market Layout

8

Global Company Share Analysis - Key 3-5 Companies

9

Company and Product Profiles

10

Project Approach

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Telemedicine Market Drivers

12

Telemedicine Market Barriers

13

About DelveInsight

About DelveInsight

DelveInsight is a leading Business Consultant and Market Research firm focused exclusively on life sciences. It supports Pharma companies by providing end-to-end comprehensive solutions to improve their performance.

Get hassle-free access to all the healthcare and pharma market research reports through our subscription-based platform PharmDelve.

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