Telemedicine Market (Component Type: Hardware, Software, and Services; Service Type: Tele-consultation, Tele-monitoring, Tele-education, Tele-training, Tele-care, Tele-surgery, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Oct 2022| TMR496C| Transparency

Report Highlights

Telemedicine Market – Scope of Report

TMR’s report on the global telemedicine market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2031. The report provides revenue of the global telemedicine market for the period 2017–2031, considering 2021 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global telemedicine market from 2022 to 2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the telemedicine market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global telemedicine market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the global telemedicine market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global telemedicine market.

The report delves into the competitive landscape of the global telemedicine market. Key players operating in the global telemedicine market have been identified and each one of these has been profiled, in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are attributes of players in the global telemedicine market profiled in this report.

RESEARCH METHODOLOGY

The research methodology will be a combination of exhaustive primary and secondary research to analyze the market telemedicine.

Secondary Research

Secondary research includes a search of company literature, technical writing, patent data, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that we typically refer, but are not limited to:

  • Company websites, presentations, annual reports, white papers, technical paper, product brochure
  • Internal and external proprietary databases and relevant patents
  • National government documents, statistical databases, and market reports
  • News articles, press releases, and webcasts specific to companies operating in the market

Specific Secondary Sources:

  • Industry Sources:
  • WorldWideScience.org
  • Elsevier, Inc.
  • National Institutes of Health (NIH)
  • PubMed
  • NCBI
  • Department of Health Care Service
  • Trade Data Sources
  • Trade Map
  • UN Comtrade
  • Trade Atlas
  • Company Information
  • OneSource Business Browser
  • Hoover’s
  • Factiva
  • Bloomberg
  • Mergers & Acquisitions
  • Thomson Mergers & Acquisitions
  • MergerStat
  • Profound

Primary Research

During the course of research, we conduct in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents bulk of research efforts, supplemented by extensive secondary research.

We conduct primary interviews on the ongoing basis with industry participants and commentators to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides first-hand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews, as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically take part in such a process include, but are not limited to:

  • Industry participants: Marketing/product managers, market intelligence managers, and regional sales managers
  • Purchasing/Sourcing managers, technical personnel, distributors
  • Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry verticals

List of primary participants, but not limited to:

  • Advanced Oncotherapy PLC
  • Danfysik A/S
  • Hitachi, Ltd.
  • IBA Worldwide
  • Mevion Medical Systems, Inc.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2022-2031
Growth rate 13.40%
Units considered $ Million
Segments covered By Component Type, By Specialty Type, By Service Type, By Region
Industry covered Healthcare
Countries covered North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Companies studied
  • McKesson Corporation

Data Triangulation: Information culled from “Secondary & Primary Sources” is cross-checked with “TMR Knowledge Repository”, which is updated every quarter.

Market Estimation: Market size estimations involved in-depth study of product features, technology updates, geographic presence, product demand, sales data (value or volume), historical year-on-year growth, and others. Other approaches were also utilized to derive market size and forecasts. Where no hard data was available, we employed modeling techniques in order to produce comprehensive datasets. A rigorous methodology has been adopted, wherein the available hard data are cross-referenced with the following data types to produce estimates:

Demographic Data: Healthcare expenditure, inflation rates, and others

Industry Indicators: R&D investment, technology stage, and infrastructure, sector growth, and facilities

Market Forecasting: Market forecasts for various segments are derived taking into account drivers, restraints/challenges, and opportunities prevailing in the market and considering advantages/disadvantages of segments/sub-segments over other segments/sub-segments. Business environment, historical sales pattern, unmet needs, competitive intensity, and country-wise surgery data are some of the other pivotal factors, which are considered to derive market forecasts.

  • Table 1 : Global Telemedicine Market Value (US$ Mn) Forecast, by Component Type, 2017‒2031
  • Table 2 : Global Telemedicine Market Value (US$ Mn) Forecast, by Specialty Type, 2017–2031
  • Table 3 : Global Telemedicine Market Value (US$ Mn) Forecast, by Service Type, 2017–2031
  • Table 4 : Global Telemedicine Market Value (US$ Mn) Forecast, by Region, 2017–2031
  • Table 5 : North America Telemedicine Market Value (US$ Mn) Forecast, by Country, 2017–2031
  • Table 6 : North America Telemedicine Market Value (US$ Mn) Forecast, by Component Type, 2017‒2031
  • Table 7 : North America Telemedicine Market Value (US$ Mn) Forecast, by Specialty Type, 2017–2031
  • Table 8 : North America Telemedicine Market Value (US$ Mn) Forecast, by Service Type, 2017–2031
  • Table 9 : Europe Telemedicine Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
  • Table 10 : Europe Telemedicine Market Value (US$ Mn) Forecast, by Component Type, 2017‒2031
  • Table 11 : Europe Telemedicine Market Value (US$ Mn) Forecast, by Specialty Type, 2017–2031
  • Table 12 : Europe Telemedicine Market Value (US$ Mn) Forecast, by Service Type, 2017–2031
  • Table 13 : Asia Pacific Telemedicine Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
  • Table 14 : Asia Pacific Telemedicine Market Value (US$ Mn) Forecast, by Component Type, 2017‒2031
  • Table 15 : Asia Pacific Telemedicine Market Value (US$ Mn) Forecast, by Specialty Type, 2017–2031
  • Table 16 : Asia Pacific Telemedicine Market Value (US$ Mn) Forecast, by Service Type, 2017–2031
  • Table 17 : Latin America Telemedicine Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2031
  • Table 18 : Latin America Telemedicine Market Value (US$ Mn) Forecast, by Component Type, 2017‒2031
  • Table 19 : Latin America Telemedicine Market Value (US$ Mn) Forecast, by Specialty Type, 2017–2031
  • Table 20 : Latin America Telemedicine Market Value (US$ Mn) Forecast, by Service Type, 2017–2031
  • Table 21 : Middle East & Africa Telemedicine Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2031
  • Table 22 : Middle East & Africa Telemedicine Market Value (US$ Mn) Forecast, by Component Type, 2017‒2031
  • Table 23 : Middle East & Africa Telemedicine Market Value (US$ Mn) Forecast, by Specialty Type, 2017–2031
  • Table 24 : Middle East & Africa Telemedicine Market Value (US$ Mn) Forecast, by Service Type, 2017–2031
  • Table 25 : Middle East & Africa Telemedicine Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2031
  • Figure 1 : Global Telemedicine Market Value (US$ Mn) Forecast, 2017–2031
  • Figure 2 : Telemedicine Market Value Share, by Component Type, 2021
  • Figure 3 : Telemedicine Market Value Share, by Specialty Type, 2021
  • Figure 4 : Telemedicine Market Value Share, by Service Type, 2021
  • Figure 5 : Global Telemedicine Market Value Share Analysis, by Component Type, 2021 and 2031
  • Figure 6 : Global Telemedicine Market Attractiveness Analysis, by Component Type, 2022–2031
  • Figure 7 : Global Telemedicine Market Value (US$ Mn), by Hardware, 2017‒2031
  • Figure 8 : Global Telemedicine Market Value (US$ Mn), by Software, 2017‒2031
  • Figure 9 : Global Telemedicine Market Value (US$ Mn), by Service Type, 2017‒2031
  • Figure 10 : Global Telemedicine Market Value Share Analysis, by Specialty Type, 2021 and 2031
  • Figure 11 : Global Telemedicine Market Attractiveness Analysis, by Specialty Type, 2022–2031
  • Figure 12 : Global Telemedicine Market Value (US$ Mn), by Dermatology, 2017–2031
  • Figure 13 : Global Telemedicine Market Value (US$ Mn), by Gynecology, 2017–2031
  • Figure 14 : Global Telemedicine Market Value (US$ Mn), by Neurology, 2017–2031
  • Figure 15 : Global Telemedicine Market Value (US$ Mn), by Cardiology, 2017–2031
  • Figure 16 : Global Telemedicine Market Value (US$ Mn), by Orthopedics, 2017–2031
  • Figure 17 : Global Telemedicine Market Value (US$ Mn), by Emergency Medicine, 2017–2031
  • Figure 18 : Global Telemedicine Market Value (US$ Mn), by Internal Medicine, 2017–2031
  • Figure 19 : Global Telemedicine Market Value (US$ Mn), by Others, 2017–2031
  • Figure 20 : Global Telemedicine Market Value Share Analysis, by Service Type, 2021 and 2031
  • Figure 21 : Global Telemedicine Market Attractiveness Analysis, by Service Type, 2022–2031
  • Figure 22 : Global Telemedicine Market Value (US$ Mn), by Tele-consultation, 2017–2031
  • Figure 23 : Global Telemedicine Market Value (US$ Mn), by Tele-monitoring, 2017–2031
  • Figure 24 : Global Telemedicine Market Value (US$ Mn), by Tele-education, 2017–2031
  • Figure 25 : Global Telemedicine Market Value (US$ Mn), by Tele-training, 2017–2031
  • Figure 26 : Global Telemedicine Market Value (US$ Mn), by Tele-care, 2017–2031
  • Figure 27 : Global Telemedicine Market Value (US$ Mn), by Tele-surgery, 2017–2031
  • Figure 28 : Global Telemedicine Market Value (US$ Mn), by Others, 2017–2031
  • Figure 29 : Global Telemedicine Market Value Share Analysis, by Region, 2021 and 2031
  • Figure 30 : Global Telemedicine Market Attractiveness Analysis, by Region, 2022–2031
  • Figure 31 : North America Telemedicine Market Value (US$ Mn) Forecast, 2017–2031
  • Figure 32 : North America Telemedicine Market Value Share Analysis, by Country, 2021 and 2031
  • Figure 33 : North America Telemedicine Market Attractiveness Analysis, by Country, 2022–2031
  • Figure 34 : North America Telemedicine Market Value Share Analysis, by Component Type , 2021 and 2031
  • Figure 35 : North America Telemedicine Market Attractiveness Analysis, by Component Type, 2022–2031
  • Figure 36 : North America Telemedicine Market Value Share Analysis, by Specialty Type, 2021 and 2031
  • Figure 37 : North America Telemedicine Market Attractiveness Analysis, by Specialty Type, 2022–2031
  • Figure 38 : North America Telemedicine Market Value Share Analysis, by Service Type, 2021 and 2031
  • Figure 39 : North America Telemedicine Market Attractiveness Analysis, by Service Type, 2022–2031
  • Figure 40 : Europe Telemedicine Market Value (US$ Mn) Forecast, 2017–2031
  • Figure 41 : Europe Telemedicine Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
  • Figure 42 : Europe Telemedicine Market Attractiveness Analysis, by Country/Sub-region, 2022–2031
  • Figure 43 : Europe Telemedicine Market Value Share Analysis, by Component Type , 2021 and 2031
  • Figure 44 : Europe Telemedicine Market Attractiveness Analysis, by Component Type, 2022–2031
  • Figure 45 : Europe Telemedicine Market Value Share Analysis, by Specialty Type, 2021 and 2031
  • Figure 46 : Europe Telemedicine Market Attractiveness Analysis, by Specialty Type, 2022–2031
  • Figure 47 : Europe Telemedicine Market Value Share Analysis, by Service Type, 2021 and 2031
  • Figure 48 : Europe Telemedicine Market Attractiveness Analysis, by Service Type, 2022–2031
  • Figure 49 : Asia Pacific Telemedicine Market Value (US$ Mn) Forecast, 2017–2031
  • Figure 50 : Asia Pacific Telemedicine Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
  • Figure 51 : Asia Pacific Telemedicine Market Attractiveness Analysis, by Country/Sub-region, 2022–2031
  • Figure 52 : Asia Pacific Telemedicine Market Value Share Analysis, by Component Type, 2021 and 2031
  • Figure 53 : Asia Pacific Telemedicine Market Attractiveness Analysis, by Component Type, 2022–2031
  • Figure 54 : Asia Pacific Telemedicine Market Value Share Analysis, by Specialty Type, 2021 and 2031
  • Figure 55 : Asia Pacific Telemedicine Market Attractiveness Analysis, by Specialty Type, 2022–2031
  • Figure 56 : Asia Pacific Telemedicine Market Value Share Analysis, by Service Type, 2021 and 2031
  • Figure 57 : Asia Pacific Telemedicine Market Attractiveness Analysis, by Service Type, 2022–2031
  • Figure 58 : Latin America Telemedicine Market Value (US$ Mn) Forecast, 2017–2031
  • Figure 59 : Latin America Telemedicine Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
  • Figure 60 : Latin America Telemedicine Market Attractiveness Analysis, by Country/Sub-region, 2021-2031
  • Figure 61 : Latin America Telemedicine Market Value Share Analysis, by Component Type , 2021 and 2031
  • Figure 62 : Latin America Telemedicine Market Attractiveness Analysis, by Component Type, 2022–2031
  • Figure 63 : Latin America Telemedicine Market Value Share Analysis, by Specialty Type, 2021 and 2031
  • Figure 64 : Latin America Telemedicine Market Attractiveness Analysis, by Specialty Type, 2022–2031
  • Figure 65 : Latin America Telemedicine Market Value Share Analysis, by Service Type, 2021 and 2031
  • Figure 66 : Latin America Telemedicine Market Attractiveness Analysis, by Service Type, 2022–2031
  • Figure 67 : Middle East & Africa Telemedicine Market Value (US$ Mn) Forecast, 2017–2031
  • Figure 68 : Middle East & Africa Telemedicine Market Value Share Analysis, by Country/Sub-region, 2021 and 2031
  • Figure 69 : Middle East & Africa Telemedicine Market Attractiveness Analysis, by Country/Sub-region, 2021-2031
  • Figure 70 : Middle East & Africa Telemedicine Market Value Share Analysis, by Component Type, 2021 and 2031
  • Figure 71 : Middle East & Africa Telemedicine Market Attractiveness Analysis, by Component Type, 2022–2031
  • Figure 72 : Middle East & Africa Telemedicine Market Value Share Analysis, by Specialty Type, 2021 and 2031
  • Figure 73 : Middle East & Africa Telemedicine Market Attractiveness Analysis, by Specialty Type, 2022–2031
  • Figure 74 : Middle East & Africa Telemedicine Market Value Share Analysis, by Service Type, 2021 and 2031
  • Figure 75 : Middle East & Africa Telemedicine Market Attractiveness Analysis, by Service Type, 2022–2031

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