The Global Telemedicine Market is expected to reach a value of USD 233.49 Billion by 2028, at a CAGR of 18.75% over the forecast period (2022 - 2028) - SkyQuest Technology

According to the latest research by SkyQuest Technology, the Global Telemedicine Market was valued at USD 70.12 Billion in 2021, and it is expected to reach USD 233.49 Billion by 2028, with a CAGR of 18.75% during the forecast period of 2022 - 2028. The research provides up-to-date Telemedicine market analysis of the current market landscape, latest trends, drivers, and overall market environment.

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Westford, USA, May 26, 2022 (GLOBE NEWSWIRE) -- Telemedicine allows patients to communicate with doctors over the internet and also helps to save healthcare costs. Attributing these benefits, physicians and hospitals are eager to incorporate digital health technologies into their practices. This has prompted the government to adopt telehealth-related rules and reimbursement standards. Telemedicine advancements have made healthcare more affordable and accessible to everyone. Growth in e-visits and expansion in radiology, cardiology, behavioral health, and other fields has resulted in the creation of new business and healthcare models centered on telehealth. With the debut of multiple platforms and the entry of new firms with significant finance, the global telemedicine industry is rapidly becoming more competitive.

Further, the outbreak of COVID-19 positively influenced the growth of the global telemedicine market. With the norms of social distancing, the demand for teleconsultations and digital health services increased significantly. In the fight against the COVID-19 pandemic, telehealth has emerged as a potent tool. The bulk of virtual visit service providers reported a significant increase in user and subscriber numbers. In 2020, from January to March, Teladoc Health Inc. recorded a 60% growth in virtual consultations, reaching 2 million, compared to 2019Q4.

Read market research report, " Global Telemedicine Market By Type (Products and Services), By Modality (Store-and-forward (Asynchronous), Real-time (Synchronous), and Others), By Application (Teleradiology, Telepathology, Tele dermatology, Telecardiology, Telepsychiatry, and Others), By End-User (Healthcare Facilities and Homecare) & By Region - Forecast and Analysis 2022-2028” by SkyQuest

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Furthermore, the introduction of AI-based clinics is likely to create multiple opportunities for the Global Telemedicine Market growth. AI-powered medication booths have emerged significantly in recent years. In the booth, a smart medicine cabinet is included, which can dispense over 100 medications. For an instance, Ping An Good Doctor provides a tiny unstaffed clinic that is based on AI. Patients who seek immediate consultations can sit in the three-square-meter booth and speak with an AI-assisted doctor. The AI computer gathers medical information and generates a diagnosis approach, which is then sent along to a clinical expert. These mini-clinics are named "One-Minute Clinics". Patients are then connected to a clinician on 'Ping An Good Doctor's' in-house medical team through these clinics and then medications are prescribed.

The prominent market players are constantly adopting various innovation and growth strategies to capture more market share. The key market players are Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland), GE Healthcare (US), Cerner Corporation (US), Siemens Healthineers (Germany), Cisco Systems (US), Asahi Kasei Corporation (Japan), Teladoc Health (US), American Well (US), and AMC Health (US) among others.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Telemedicine Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.

Report Findings

  • Drivers- Technological advancements along with the integration of AI in Telemedicine is the prominent factor driving the global telemedicine industry growth.
  • Restraint- Poor infrastructure and technological barriers in the low and middle-income countries are likely to limit the adoption of telemedicine which is a key impediment to the Telemedicine market growth.

Browse summary of the report and Complete Table of Contents (ToC):

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Telemedicine Market demand by Region, Sub-Region, and Country
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures
  • Global, Regional, and Country specific Telemedicine Market Trends
  • Comprehensive Mapping of Telemedicine Industry Parameters
  • Attractive Investment Proposition in the Global Telemedicine Industry
  • Competitive Strategies Adopted by Telemedicine Market Key Players
  • Drivers, Restraints, Opportunities, Challenges, and the impact on the Telemedicine Market Size
  • Market growth rate till 2028
  • Regulatory scenario, regional dynamics, and Telemedicine market insights of leading countries in each region
  • In-depth Market insights by Region and Country
  • Market Segmentation Trend Analysis, Opportunities, and Growth
  • Porter’s five force analysis to know the market’s condition
  • Pricing Analysis and Telemedicine Market Sales
  • Parent market analysis
  • Product portfolio benchmarking

SkyQuest has segmented the Global Telemedicine Market based on Type, Modality, Application, End-User, and Region:

  • Global Telemedicine Market by Type (Revenue, USD Billion, 2021 - 2028)
    • Products
    • Services
  • Global Telemedicine Market by Modality (Revenue, USD Billion, 2021 - 2028)
    • Store-and-forward (Asynchronous)
    • Real-time (Synchronous)
    • Others
  • Global Telemedicine Market by Application (Revenue, USD Billion, 2021 - 2028)
    • Teleradiology
    • Telepathology
    • Tele dermatology
    • Telecardiology
    • Telepsychiatry
    • Others
  • Global Telemedicine Market by End-User (Revenue, USD Billion, 2021 - 2028)
    • Healthcare Facilities
    • Homecare
  • Global Telemedicine Market By Region (Revenue, USD Billion, 2021 - 2028)
    • North America
      • US
      • Canada
    • Europe
      • Germany
      • France
      • UK
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • Rest of Asia Pacific
    • Central & South America
      • Brazil
      • Rest of CSA
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of MEA

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Key Players in the Global Telemedicine Market

  • Koninklijke Philips N.V. (Netherlands)
  • Medtronic (Ireland)
  • GE Healthcare (US)
  • Cerner Corporation (US)
  • Siemens Healthineers (Germany)
  • Cisco Systems (US)
  • Asahi Kasei Corporation (Japan)
  • Teladoc Health (US)
  • American Well (US)
  • AMC Health (US)

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Global Healthcare Tele-Consultation Services Market

Global Digital Health Market

Global Healthcare IT Integration Market

Global 5G Infrastructure in Healthcare Market

Global Precision Medicine Market

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