Global Telemedicine Market to record a strong CAGR through 2025

The research report on ‘global telemedicine market’ provides an analytical review of this industry vertical and is inclusive of the impact of the COVID-19 pandemic on the market size. Data pertaining to the restraints, technological trends, and drivers influence the market dynamics is highlighted.


Selbyville, Delaware, July 07, 2020 (GLOBE NEWSWIRE) -- Global telemedicine market attained a valuation of USD 30.7 billion in 2019 and is projected to display an appreciable growth rate over 2020-2025. Increased pervasiveness of chronic diseases like orthopedic injuries and congestive heart failure, coupled with rising geriatric population who are more prone to such diseases are the major growth drivers of the industry.

Global telemedicine market, as per the report, is studied from the perspective of various segmentations, including specialties, component type, regional terrain, and competitive arena. Individual assessment of each segment in terms of current & predicted market share and projected growth rate is covered in the report, alongside the drivers influencing a particular segment.

The competitive terrain has also been thoroughly analyzed in the report. Company profile of each contender, their product offerings, and industry share are encompassed in the report. Various expansion strategies such as new product launches and profitable alliances among market players are detailed in the report, which will help new entrants in informed and quick decision-making.

The report cites, shifting focus towards improving patient outcomes and reducing healthcare costs, rising awareness & acceptance of remote monitoring solutions, and several advancements in telecommunication sector are further boosting the popularity of telemedicine. Besides, dearth of physicians, supportive government initiatives, and upgradation of healthcare IT infrastructure other factors adding momentum to the industry growth.

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Further, technological advancements in digital medical technology such as wireless, portable, and energy-efficient x-ray technologies are expected to present new growth opportunities for telemedicine industry in the coming years.

COVID-19 impact on global telemedicine market:

With several nations implementing lockdown to contain the spread of highly contagious coronavirus, telemedicine industry is on the benefitting side during this global crisis. Although, medical shops, hospitals, and other healthcare settings were mandated to remain operational, but travel & transport bans and fear of transmitting the virus has compelled individuals to stay home. Collective inclination towards opting telehealth services over healthcare visit is augmenting global telemedicine market.

Analyzing various market segmentations:

Speaking of the component type, the market is classified into services, software, and hardware. While considering the specialties scope, worldwide telemedicine market is categorized into telepsychiatry, teleradiology, and tele dermatology.

Regional analysis:

Global telemedicine market is diversified into North America, Europe, and Asia Pacific. As per the report, North America held the majority market share in 2019 and is projected to see considerable growth over the forecast timeframe, attributable to widespread adoption of smart devices in the region.

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https://www.marketstudyreport.com/reports/global-telemedicine-market-analysis-by-specialties-teledermatology-teleradiology-telepsychiatry-others-by-component-by-region-by-country-2020-edition-market-insights-covid-19-impact-competition-and-forecast-2020-2025

Competitive Landscape:

Major contenders operating in global telemedicine market are CloudMD, Amwell, MDLIVE, AMD Global Telemedicine, Inc., Doctor on Demand, and Teladoc Health, Inc.

Global Telemedicine Market Component Type Review (Revenue, USD Million, 2015-2025)

  • Hardware
  • Software
  • Services

Global Telemedicine Market Specialties Review (Revenue, USD Million, 2015-2025)

  • Teledermatology
  • Teleradiology
  • Telepsychiatry
  • Others

Global Telemedicine Market Regional Landscape Review (Revenue, USD Million, 2015-2025)

North America

  • Canada
  • United States

Europe

  • Germany
  • United Kingdom

Asia Pacific

  • Japan
  • China

Global Telemedicine Market Competitive Hierarchy Review (Revenue, USD Million, 2015-2025)

  • CloudMD
  • Amwell
  • MDLIVE
  • AMD Global Telemedicine, Inc.
  • Doctor on Demand
  • Teladoc Health, Inc.

Table of Contents:

1. Report Scope and Methodology

1.1 Scope of the Report

1.2 Research Methodology

1.3 Executive Summary

2. Strategic Recommendations

3. Telemedicine Market: Product Overview

4. Global Telemedicine Market: Sizing and Forecast

4.1 Market Size, By Value, Year 2015-2019

4.2 Market Size, By Value, Year 2020-2025

4.3 Impact of COVID-19 on Global Telemedicine Market

4.4 Global Economic & Industrial Outlook

5. Global Telemedicine Market Segmentation, By component (Value)

5.1 Global Telemedicine Market: Segment Analysis

5.2 Competitive Scenario of Global Telemedicine Market: By Component (2019 & 2025)

5.3 By Hardwarea Market Size and Forecast (2015-2025)

5.4 By Software- Market Size and Forecast (2015-2025)

5.5 By Servicea Market Size and Forecast (2015-2025)

6. Global Telemedicine Market Segmentation, By Specialties (Value)

6.1 Global Telemedicine Market: Segment Analysis

6.2 Competitive Scenario of Global Telemedicine Market: By Specialties (2019 & 2025)

6.3 By Teledermatologya Market Size and Forecast (2015-2025)

6.4 By Teleradiologya Market Size and Forecast (2015-2025)

6.5 By Telepsychiatrya Market Size and Forecast (2015-2025)

6.6 By Othersa Market Size and Forecast (2015-2025)

7. Global Telemedicine Market: Regional Analysis

7.1 Competitive Scenario of Global Telemedicine Market: By Region (2019 & 2025)

8. North America Telemedicine Market: An Analysis

8.1 North America Telemedicine Market: Size and Forecast (2015-2025)

8.2 North America Economic and industrial Statistics

8.3 North America Telemedicine Marketa?? Prominent Companies

8.4 Market Segmentation By Component (Hardware, Software & Service)

8.5 Market Segmentation By Specialties (Teledermatology, Teleradiology, Telepsychiatry, Others)

9. Europe Telemedicine Market: An Analysis

9.1 Europe Telemedicine Market: Size and Forecast (2015-2025)

9.2 Europe Economic and industrial Statistics

9.3 Europe Telemedicine Marketa?? Prominent Companies

9.4 Market Segmentation By Component (Hardware, Software & Service)

9.5 Market Segmentation By Specialties (Teledermatology, Teleradiology, Telepsychiatry, Others)

10. Asia Pacific Telemedicine Market: An Analysis

10.1 Asia Pacific Telemedicine Market: Size and Forecast (2015-2025)

10.2 Asia Pacific Economic and industrial Statistics

10.3 Asia Pacific Telemedicine Marketa?? Prominent Companies

10.4 Market Segmentation By Component (Hardware, Software & Service)

10.5 Market Segmentation By Specialties (Teledermatology, Teleradiology, Telepsychiatry, Others)

11. Global Telemedicine Market Dynamics

11.1 Global Telemedicine Market Drivers

11.2 Global Telemedicine Market Restraints

11.3 Global Telemedicine Market Trends

Related Report:

Telemedicine Equipment Market Size, Competitive Market Share & Forecast, 2020 – 2026

Telemedicine Equipment Market size to grow at a CAGR of over 16.8% between 2020 and 2026, as per new research report. Telemedicine is the use of telecommunications technology in order to provide healthcare from a distance. People generally have access to basic telemedicine or telecommunications technology, such as computers, telephones, and internet.


On the geographical front, the telemedicine equipment market in Latin America was estimated at more than $50 million in 2019 and is likely to grow at a CAGR of more than 19% during the projected time period. Middle East & Africa telemedicine equipment market was valued at more than $35 million 2019 and projected to expand at a CAGR of more than 17.5% in the coming years.

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