Telemedicine Market by Type (Telehospitals, Telehomes and mHealth (mobile health)), By Product (Hardware, Software and Others), By Service (Telepathology, Telecardiology, Teleradiology, Teledermatology, Telepsychiatry and Others) and Geography


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Telemedicine Market size was valued at USD 80.4 billion in 2021, growing at a CAGR of 26.6% during the forecast period 2022-2028. Some of the key factors fostering the market growth include increasing remote patient monitoring, growing burden of chronic diseases, rising healthcare costs, widespread availability of the internet and high-quality video devices, growing demand for tele-neurology services especially amongst the older patient population and various technological advancements in telecommunications network. However, high initial capital requirements, lack of physician support and strict legal & reimbursement issues are the major factors hindering the market growth. The COVID-19 pandemic is giving monstrous freedoms to telehealth arrangements, taking into account that social removing is the lone existing arrangement grown up until now, which is fit for limiting openness. In accordance with this, telehealth addresses an appealing, powerful, and reasonable choice. In addition, this innovation is of basic significance in protecting medical care suppliers. This report studies global telemedicine market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global telemedicine market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policymakers, and healthcare service providers engaged in global telemedicine products.

Key Developments: In May 2018, Allscripts acquired HealthGrid Holding Company. This acquisition will enable significant expansion of the FollowMyHealth platform portfolio and spur revenue generation.

Global Telemedicine Market Summary

Study Period


Base Year




Largest Market

Asia Pacific

Fastest Growing Market

North America
Global Telemedicine Market

Over the years, the healthcare field has undergone many changes and a large number of these changes can be attributed to technology. As mobile devices and broadband Internet becomes ubiquitous, the world of telemedicine continues to advance. The future of healthcare will include mobile devices and videoconferencing technology. The need to provide high-quality healthcare to everyone while reducing costs has reached a crisis level, where it’s a major focus of the highest government offices. More and more healthcare leaders are realizing that telemedicine is clearly a cornerstone of the solution. Telemedicine allows health care professionals to evaluate, diagnose and treat patients at a distance using telecommunications technology. The approach has been through a striking evolution in the last decade.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Global Telemedicine Market Segmentation

  • Telehospitals
  • Telehomes
  • mHealth (mobile health)
  • Hardware
  • Software
  • Others
  • Telepathology
  • Telecardiology
  • Teleradiology
  • Teledermatology
  • Telepsychiatry
  • Others
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


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  • Aerotel Medical Systems (1998) Ltd
  • Allscripts Healthcare Solutions Inc.
  • AMD Global Telemedicine Inc.
  • Biotelemetry
  • Resideo Technologies Inc. (Honeywell Life Care Solutions)
  • InTouch Technologies Inc.
  • Koninklijke Philips NV
  • Medtronic PLC
  • SHL Telemedicine
  • SnapMD, Inc.