North America Telemedicine Market – Size, Outlook, Trends and Forecast (2024 – 2032)

expected to grow at the highest CAGR during the forecast period. Growing awareness of telemedicine in rural areas is likely to fuel the growth of the telemedicine market. By speciality, it is segregated into teleradiology, telecardiology, telepathology, emergency care and some others. The telecardiology market is growing at a rapid rate owing to the increasing incidence 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 is likely to lead the telemedicine market in 2017. This can be attributed to the growing number of smartphone users and the benefits available with teleconsulting services, like reduced hospital stays, and decreased healthcare expenditure and travel cost. By Geography, North America accounted for the significant share in the North America telemedicine market, with a 48.8% share in 2017 based on telemedicine market trends in this region. The U.S. is the primary market in North America, due to the upcoming regulatory policies, growing prevalence of chronic diseases, shortage of physicians, implementation of the Affordable Care Act (ACA), and growing funding for telehealth. In Canada, the growth of the telehealth market is driven by the increasing healthcare spending, the growing usage of mobile devices, and events that are creating awareness about telehealth services in this country.

North America Telemedicine Market Segments Trends:

• In March 2018, Honeywell Incorporated video capability in telehealth platforms to

treat patients at home.

In December 2016, GE Healthcare and Intouch Health are collaborated to train imaging technicians as well as radiologists to use advanced imaging equipment for the remote presences devices.

North America Telemedicine Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have a complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried out to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact on altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The primary key telemedicine market leaders are:

• Robert Bosch Healthcare
• GE Healthcare
• Koninklijke Philips N.V.
• AMD Global Telemedicine, Inc.
• Agfa HealthCare NV.
• Siemens Healthcare
• Medtronic plc
• Honeywell Life Care Solutions

Along with these companies, there were many other companies considered/cited in the report while analysing the North America telemedicine market size. These companies hold substantial share-owning to the nature of the industry whereas the rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and stable customer base.