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 2022, and poised to grow at significant CAGR of 26.6% from 2023-2029. 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. 

Telemedicine Market Key Developments:
  • In May 2018, Allscripts acquired HealthGrid Holding Company. This acquisition will enable significant expansion of the Follow My Health platform portfolio and spur revenue generation.

Global Telemedicine Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

26.6%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Telemedicine Market Dynamics

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 (2018-2022) and forecast (2023-2029)
  • 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

By Type
  • Telehospitals
  • Telehomes
  • mHealth 
By Product
  • Hardware
  • Software
  • Others
By Service
  • Telepathology
  • Telecardiology
  • Teleradiology
  • Teledermatology
  • Telepsychiatry
  • Others
By Geography
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

Frequently Asked Questions

The Telemedicine Market size was valued at USD 80.4 billion in 2022, and poised to grow at significant CAGR of 26.6%

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.

1.Executive Summary
2.Global Telemedicine Market Introduction 
2.1.Global Telemedicine Market  - Taxonomy
2.2.Global Telemedicine Market  - Definitions
2.2.1.Type
2.2.2.Product
2.2.3.Service
2.2.4.Region
3.Global Telemedicine Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Telemedicine Market Analysis, 2018-2022 and Forecast 2023-2029
4.1.  Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Telemedicine Market  By Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
5.1. Telehospitals
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Telehomes
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. mHealth
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Telemedicine Market By Product, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
6.1. Hardware
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Software
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Others
6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Telemedicine Market  By Service, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
7.1. Telepathology
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Telecardiology
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Teleradiology
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Teledermatology
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Telepsychiatry
7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Others
7.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
8.Global Telemedicine Market  By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Telemedicine Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
9.1. Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Telehospitals
9.1.2.Telehomes
9.1.3.mHealth
9.2.  Product Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Hardware
9.2.2.Software
9.2.3.Others
9.3.  Service Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Telepathology
9.3.2.Telecardiology
9.3.3.Teleradiology
9.3.4.Teledermatology
9.3.5.Telepsychiatry
9.3.6.Others
9.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Telemedicine Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
10.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Telehospitals
10.1.2.Telehomes
10.1.3.mHealth
10.2.  Product Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Hardware
10.2.2.Software
10.2.3.Others
10.3.  Service Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Telepathology
10.3.2.Telecardiology
10.3.3.Teleradiology
10.3.4.Teledermatology
10.3.5.Telepsychiatry
10.3.6.Others
10.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
11.Asia Pacific (APAC) Telemedicine Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
11.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Telehospitals
11.1.2.Telehomes
11.1.3.mHealth
11.2.  Product Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Hardware
11.2.2.Software
11.2.3.Others
11.3.  Service Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Telepathology
11.3.2.Telecardiology
11.3.3.Teleradiology
11.3.4.Teledermatology
11.3.5.Telepsychiatry
11.3.6.Others
11.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Telemedicine Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
12.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Telehospitals
12.1.2.Telehomes
12.1.3.mHealth
12.2.  Product Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Hardware
12.2.2.Software
12.2.3.Others
12.3.  Service Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Telepathology
12.3.2.Telecardiology
12.3.3.Teleradiology
12.3.4.Teledermatology
12.3.5.Telepsychiatry
12.3.6.Others
12.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Telemedicine Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
13.1. Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Telehospitals
13.1.2.Telehomes
13.1.3.mHealth
13.2.  Product Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Hardware
13.2.2.Software
13.2.3.Others
13.3.  Service Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Telepathology
13.3.2.Telecardiology
13.3.3.Teleradiology
13.3.4.Teledermatology
13.3.5.Telepsychiatry
13.3.6.Others
13.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Aerotel Medical Systems (1998) Ltd
14.2.2.Allscripts Healthcare Solutions Inc.
14.2.3.AMD Global Telemedicine Inc.
14.2.4.Biotelemetry
14.2.5.Resideo Technologies Inc.
14.2.6.InTouch Technologies Inc.
14.2.7.Koninklijke Philips NV
14.2.8.Medtronic PLC
14.2.9.SHL Telemedicine
14.2.10.SnapMD, Inc.
15. Research Methodology 
16. Appendix and Abbreviations 
  • Aerotel Medical Systems (1998) Ltd
  • Allscripts Healthcare Solutions Inc.
  • AMD Global Telemedicine Inc.
  • Biotelemetry
  • Resideo Technologies Inc.
  • InTouch Technologies Inc.
  • Koninklijke Philips NV
  • Medtronic PLC
  • SHL Telemedicine
  • SnapMD, Inc.

Adjacent Markets