Telemedicine Market is estimated to reach $98.32 billion by 2023

Author: Roopa Poddur

The Report "Telemedicine Market: by Delivery Mode (On-Premise, Web-Based, Cloud-Based); by Application (Teleconsultation, Teleradiology, Telecardiology, Telepathology, Teledermatology) – Forecast (2018 – 2023)", published by IndustryARC estimates the global telemedicine market to reach $98.32 billion by 2023.

Browse 87 Market Tables and35 Figures spread across 149 Pages, and an in-depth TOC on the Telemedicine Market

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According to a recent study by IndustryARC, the telemedicine market is forecast to reach $98.32 billion by 2023, growing at a CAGR of 14.12%. Factors driving the telemedicine market growth include increasing medical reimbursement for telehealth services; increasing prevalence of chronic diseases, growing need for improved services, and increasing technological innovations in communications technology worldwide.

Constant revolution in telecommunications technology has positively affected the healthcare sector, leading to the widespread use of mobiles, smartphones, the Internet and computers. The combination of telecommunications technology and medical sciences has created telemedicine. Recent advances in the use of sensor technology and data capture have given patients the opportunity to conduct health checkups at home. The increase in tech-savvy citizens and the increase in government reimbursement are expected to boost the telemedicine market.

The telemedicine market is currently dominated by North America, which generated $39.08 billion in revenue in 2017. Its stronghold is expected to continue for a few more years. Due to the increased adoption of telemedicine and increased demand for mobile health services, North America is expected to increase its market share further. Furthermore, there is a rise in the country's health expenditure per capita, which is expected to rise over the forecast period due to a fall in the unemployment rate.

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The major players in this market include

  • Koninklijke Philips N.V.
  • Aerotel Medical Systems Ltd.
  • InTouch Technologies Inc.
  • AMD Global Telemedicine Inc.
  • OBS Medical Ltd.
  • Cisco Systems Inc.
  • Allscripts Healthcare Solutions Inc.

Telemedicine manufacturers have laid their focus on mergers and acquisitions as well as product launches to augment entry into related markets and enhance their core competencies and product portfolio as well as gain a foothold in the emerging markets.

The various application segments covered in the Report include

  • Teleconsultation
  • Teleradiology
  • Telecardiology
  • Telepathology
  • Teledermatology

The overall market is also presented from the perspective of different geographic regions and the key countries for this industry. Competitive landscape for each of the telemedicine delivery mode and application is highlighted and market players are profiled.

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What can you expect from the report?

The Telemedicine Market is Prepared with the Main Agenda to Cover the following 20 points:

  1. Telemedicine Market Size by Product Categories & Application
  2. Telemedicine Market trends & Relevant Market Data
  3. Manufacturer Landscape
  4. Distributor Landscape
  5. Pricing Analysis
  6. Top 10 End-user Analysis
  7. Product Benchmarking
  8. Product Developments
  9. Mergers & Acquisition Analysis
  10. Patent Analysis
  11. Telemedicine Market Demand Analysis (Revenue & Volume)
  12. Country-level Analysis
  13. Competitor Analysis
  14. Telemedicine Market Shares Analysis
  15. Value Chain Analysis
  16. Supply Chain Analysis
  17. Telemedicine Market Strategic Analysis
  18. Telemedicine Market Current & Future Market Landscape Analysis
  19. Opportunity Analysis
  20. Telemedicine Market Revenue and Volume Analysis

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About IndustryARC:

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