Global Telemedicine Market Insight, Competitive Analysis and Region with Forecast to 2024


Posted January 9, 2020 by prachitisharma98

The Global Telemedicine Market is expected to grow from USD 21,963.38 million 2017 to USD 40,635.38 million by the end of 2024
 
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The Global Telemedicine Market is expected to grow from USD 21,963.38 million 2017 to USD 40,635.38 million by the end of 2024 at a Compound Annual Growth Rate (CAGR) of 9.19%.

“ICT leveraging healthcare service delivery
is one of the factors largely attributing to the growth of telemedicine market globally”

The factors attributing to the growth of the market are ict leveraging healthcare service delivery, surging demand for self-care and home monitoring devices in the remote care of patients, rise in tech-savvy citizens and enforcement of norms by government, rising use of home monitoring devices and its increasing benefits in the care of patients, and efficiency in delivering medical services to urban and rural healthcare institutions. However, some factors such as limited trained medical personnel specializing in telemedicine, and limited reimbursement may hinder the market growth. The global telemedicine market is expected to showcase the opportunities such as gaining popularity for video consulting and mhealth, and growing acceptance of telemedicine in emerging economies. In the near future, the market may face the possible challenges in the growth due to and privacy and security associated with telehealth. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the global telemedicine market market.“Software: The highest growing component for the global telemedicine market”

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On the basis of component, the global telemedicine market is studied across Hardware and Software. Among all these component, the Software is projected to hold the largest market share while the Software has the potential to grow the market with the highest CAGR in the forecast period.“Tele-consulting: The highest growing service for the global telemedicine market”

On the basis of service, the global telemedicine market is studied across Tele-consulting, Tele-education, Tele-monitoring, Tele-pathology, Tele-psychiatry, Tele-radiology, Tele-surgery, and Tele-training. Among all these service, the Tele-consulting is projected to hold the largest market share while the Tele-monitoring has the potential to grow the market with the highest CAGR in the forecast period.“Orthopedics: The highest growing speciality for the global telemedicine market”

On the basis of speciality, the global telemedicine market is studied across Cardiology, Dermatology, Emergency Care, Gynecology, Internal Medicine, Neurology, and Orthopedics. Among all these speciality, the Orthopedics is projected to hold the largest market share while the Emergency Care has the potential to grow the market with the highest CAGR in the forecast period.“Hospitals & Clinics: The highest growing end user for the global telemedicine market”

On the basis of end user, the global telemedicine market is studied across Ambulatory Surgical Centers, Home care settings, Hospitals & Clinics, and mHealth Providers. Among all these end user, the Hospitals & Clinics has captured the maximum market share while the Ambulatory Surgical Centers has the opportunity to emerge with the highest CAGR.“Americas: The highest growing geography for the global telemedicine market”

On the basis of geography, the global telemedicine market is studied across Americas, (United States, Brazil, Canada, Mexico, and Argentina) Europe, Middle East & Africa, (United Kingdom, Germany, France, Saudi Arabia, United Arab Emirates, Italy, and Russia) and Asia-Pacific (China, Japan, India, and Australia). Among all these geography, the Europe, Middle East & Africa is showing the maximum growth in the near future with the highest CAGR while the Americas is dominating the market with highest market size.

“AMD Global: The potential growing player for the global telemedicine market”

The key players profiled in the global telemedicine market are AMD Global, Aerotel Medical Systems Ltd., Allscripts Healthcare Solutions, Inc., BioTelemetry, CISCO Systems, Cardiocom, LLC, F. Hoffmann-La Roche Ltd, GE, HP, Honeywell HomMed, IBM, InTouch Technologies, Inc., Koninklijke Philips, LifeWatch AG, McKesson Corporation, Medtronic, Siemens, and Telemedicine, Inc..

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Last Updated January 9, 2020