| This report contains COVID-19 specific updates.
Global Markets for Telemedicine Technologies
Report Highlights
The global market for telemedicine technologies is estimated to increase from $72.4 billion in 2022 to reach $173.3 billion by 2027, with a compound annual growth rate (CAGR) of 19.1% from 2022 through 2027.
Report Includes
- 47 data tables and 44 additional tables
- An up-to-date review and analysis of the global markets for telemedicine technologies
- Analyses of the global market trends, with historic market revenue (sales data) from 2019 to 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Highlights of the current and future market potential for telemedicine technologies, and areas to forecast this market into various segments and sub-segments
- Estimation of the actual market size (value based) for global telemedicine market in USD million terms, market forecast, and corresponding market share analysis by business segment (component), application, end user, and geographic region
- Market assessment of the telemedicine products and technologies currently available, new developments, spending trends, and revenue prospects for this innovation driven market
- Discussion of the telemedicine industry value chain analysis providing a systematic study of the key intermediaries involved, which could further assist stakeholders in formulating appropriate strategies
- Updated information on key developments, mergers and acquisitions (M&A) activities, collaborations, joint ventures and partnerships in the telemedicine industry.
- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
- Descriptive company profiles of the leading global players, including Allscripts Healthcare Solutions Inc., Boston Scientific Corp., Cerner Corp., Cisco Systems Inc., GE Healthcare, Medtronic, Philips Healthcare and Siemens Healthcare
Report Scope
The scope of this report is broad and covers the components available in the telemedicine market and potential end-user applications. Revenue forecasts from 2022 to 2027 are given for components, applications and end-users with estimated value derived from the revenues of manufacturers.
The report also includes a discussion on the major players in each regional telemedicine market. Further, it explains major drivers and regional dynamics of the global telemedicine market. The report concludes with a look at the vendor landscape and includes detailed profiles of major vendors in the global telemedicine market.
Frequently Asked Questions (FAQs)
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Synopsis
| Report Metrics | Details |
|---|---|
| Base year considered | 2021 |
| Forecast period considered | 2022-2027 |
| Base year market size | $60.9 billion |
| Market size forecast | $173.2 billion |
| Growth rate | CAGR of 19.1% from 2022 to 2027 |
| Units considered | $ Millions |
| Segments covered | Business Segment, End User, Application |
| Regions covered | North America, Europe, Asia-Pacific, Rest of the World (RoW) |
| Countries covered | United States, Canada, France, Germany, U.K., Spain, Rest of Europe, China, India, Japan, Rest of Asia-Pacific |
| Companies studied | ALLSCRIPTS HEALTHCARE SOLUTIONS, INC. , AMD GLOBAL TELEMEDICINE, INC. , AMERICAN WELL CORP. , BIOTELEMETRY, INC. , BOSTON SCIENTIFIC CORP. , CERNER CORP. , CISCO SYSTEMS INC. , GE HEALTHCARE , GLOBALMED , IRON BOW TECHNOLOGIES , MDLIVE , MEDTRONIC INC. , MEDVIVO GROUP LTD. , MEDWEB , PHILIPS HEALTHCARE , RESIDEO LIFE CARE SOLUTIONS , SIEMENS HEALTHINEERS AG , TELADOC HEALTH INC. , TELESPECIALISTS LLC |
Report Highlights
The global telemedicine market should grow from $43.2 billion in 2019 to $104.0 billion by 2024, at a compound annual growth rate (CAGR) of 19.1% during the forecast period of 2019-2024.
Report Includes
- 49 data tables and 42 additional tables
- An overview of the global markets for telemedicine technologies within the industry
- Analyses of the global market trends, with data corresponding to market size for 2018 and 2019, and projections of compound annual growth rates (CAGRs) through 2024
- Discussion of market opportunities and challenges, and highlights of the new telemedicine products and technologies influencing the demand for adoption of innovative medical technology
- Information pertaining to the impact of COVID-19 pandemic on the growth of the telemedicine market
- Industry value chain analysis of the telemedicine market providing a systematic study of the key intermediaries involved, which could further assist stakeholders in formulating appropriate strategies
- Key merger and acquisition deals, partnerships, collaborations and joint ventures as well as other strategic alliances in the global telemedicine market
- Market share analysis of the key market participants and their research priorities and competitive landscape
- Detailed company profiles of the major global corporations, including AMD Global Telemedicine, Boston Scientific Corp., GE Healthcare, Medtronic, Inc., Resideo Life Care Solutions and Siemens Healthcare
Report Highlights
The global telemedicine market totaled $31.2 billion in 2018 and is estimated to reach $72.5 billion by 2023, growing at a compound annual growth rate (CAGR) of 18.3% for the period of 2018-2023.
Report Includes
- 24 data tables and 26 additional tables
- An overview of the global telemedicine market
- Country specific data and analysis for United States, Canada, Mexico, UK, France, Germany, China, India, Japan, Brazil, South Africa and GCC Countries
- Detailed description of telemedicine hardware providers, software providers, telecom and networking companies, healthcare companies, and health insurance providers
- Evaluation of the potential role of telemedicine to improve collaborative healthcare status
- Identification of new technological developments and latest business trends developing in the telemedicine market
- Comprehensive company profiles of key players in the market, including IBM Corp., Medtronic Inc., Siemens Healthcare, Agfa HealthCare NV and BioTelemetry Inc.
Report Highlights
The global telehome and telehospital/clinic market is expected to grow from nearly $23.8 billion in 2016 to roughly $55.1 billion by 2021, with a compound annual growth rate (CAGR) of 18.3% for the period of 2016-2021.
Report Includes
- An in-depth analysis of the global telemedicine market.
- Analyses of global market trends, with data from 2015, estimates for 2016, and projections of compounds annual growth rates (CAGRs) through 2021.
- Coverage of telemedicine hardware providers, software providers, telecom and networking companies, healthcare companies, health insurance providers, and many more.
- Detailed analysis of telemedicine applications.
- Explorations into the ways in which collaborative healthcare can be better and more economically implemented through telemedicine.
- Examination of the new technological developments as well as the latest business trends developing in the telemedicine market.
- Profiles of key players in the market.
Report Highlights
The global telehospital/clinic and telehome market reached $16.3 billion in 2013 and $19.2 billion in 2014, and should reach about $43.4 billion in 2019 with a compound annual growth (CAGR) of 17.7% through 2019.
Report Includes
- An in-depth analysis of the global telemedicine market.
- Analyses of global market trends, with data from 2013, estimates for 2014, and projections of compounds annual growth rates (CAGRs) through 2019.
- Coverage of telemedicine hardware providers, software providers, telecom and networking companies, healthcare companies, health insurance providers, and many more.
- Explorations into the ways in which collaborative healthcare can be better and more economically implemented through telemedicine.
- Examination of the new technological developments as well as the latest business trends developing in the telemedicine market.
- Comprehensive company profiles of key players in the market.
Report Highlights
The global telehome and telemedicine market reached $13.8 billion 2012. This market is expected to grow to $16.1 billion 2013 and $35.1 billion in 2018 with a compound annual growth (CAGR) of 16.9%.
Report Includes
- An in-depth analysis of the global telemedicine market.
- Analyses of global market trends, with data from 2012, estimates for 2013, and projections of compounds annual growth rates (CAGRs) through 2018.
- Coverage of telemedicine hardware providers, software providers, telecom and networking companies, healthcare companies, health insurance providers, and many more.
- Explorations into the ways in which collaborative healthcare can be better and more economically implemented through telemedicine.
- Examination of the new technological developments as well as the latest business trends developing in the telemedicine market.
- Comprehensive company profiles of key players in the market.
Report Highlights
The global telemedicine market is expected to grow from $9.8 billion in 2010 to $11.6 billion in 2011, and to $27.3 billion in 2016, a compound annual growth rate (CAGR) of 18.6% over the next five years.
Report Highlights
The global telemedicine market is expected to grow from $9.8 billion in 2010 to $23 billion in 2015, at a compound annual growth rate (CAGR) of 18.6% over the next 5 years.
Report Highlights
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The global market for telemedicine increased from $4.8 billion in 2006 to an estimated $5.8 billion in 2007. It should reach $13.9 billion by 2012, a compound annual growth rate (CAGR) of 19%.
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The telehome market currently accounts for 22% of the market and is expected to capture almost 37% of the telemedicine market by 2012.
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The telemedicine service market is expected to grow from $3.6 billion in 2007 to $8.3 billion in 2012, mainly driven by the telehospital service market.
Report Highlights
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The current level of telemedicine expenditures is about $4.33 billion.
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These expenditures will experience an AAGR of 9.7% from 2002 to 2007.
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Procurement will continue to be the lead spending category through 2007.
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In 2007, it will account for a total of $2.16 billion, or about 31% of all spending.
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Fastest growth in technology spending will be software, at an AAGR of 12.9%.