Global Telemedicine Market – Size, Outlook, Trends and Forecast (2024

Global Telemedicine Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2024

Forecast Data Period

2025-2030

Historical Data Period

2018-2023

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

A telecommunication technology paved the way for an innovative change in the medical industry with smartphones, computers, and the internet. Telemedicine became a merger of medical sciences and telecommunication technology, thereby spreading the reach of medical help to areas and places that were formerly difficult to contact immediately.

Global Telemedicine Market Segments Size & Growth:

Global telemedicine market accounted for $23.13 billion in 2017 and expected to grow at a CAGR of 18.52% to reach $XX billion by 2025 during the forecast period 2019-2025. Major factors driving the market growth include an ageing population, growing prevalence of chronic diseases, improvements in telecommunication infrastructure, and increasing medical reimbursement for telehealth services. However, according to telemedicine industry analysis lack of interoperability between e-health solutions and delayed response time are restricting the growth of the global telemedicine market share.

Global Telemedicine Market Segments Share:

Global telemedicine market is categorised into by component which consists of services, hardware, and software. The services segment is projected to account for the major share of the global telemedicine market due to the growing adoption of remote monitoring solutions by patients in remote rural areas, technological improvements in telecommunication, and introduction of ACA and related legislation in the U.S. The software segment is expected to witness the highest growth in the forecast period 2019-2025.

By mode of delivery, it is classified by cloud-based and on-premises. The cloud-based segment is expected to grow at the highest CAGR during the forecast period. Growing awareness of telemedicine in rural areas is likely to

Global Telemedicine Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

fuel the growth of the telemedicine market. By speciality, it is segregated into teleradiology, telecardiology, telepathology, emergency care, others. The telecardiology market is growing at a rapid rate owing to the increasing incidences of cardiac disorders. Tele-radiology accounted for a significant share of the tele-hospitals market driven by varied usage of this technology for shifting patient’s medical reports.

Tele-consulting segment to treat patients

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Global Telemedicine Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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