Market Overview:
The global telemedicine technologies market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for remote healthcare services, rising prevalence of chronic diseases, and growing investments by private players in telemedicine technology. Based on type, the global telemedicine technologies market is segmented into hardware, software, and services. The hardware segment is further sub-segmented into video conferencing systems, medical devices, and others (including storage devices and routers). The software segment is further sub-segmented into clinical decision support system (CDSS), electronic health record (EHR), patient monitoring system (PMS), remote consultation system (RCS), and others (including medical image management software). The services segment is further sub-segmented into managed services and professional services.
Product Definition:
Telemedicine technologies are medical devices and software that allow clinicians to provide care to patients at a distance. The use of telemedicine technologies is growing rapidly as a way to provide care for patients in rural areas, for veterans, and for those who are unable to travel for health reasons. Telemedicine technologies can be used to provide diagnosis, treatment, and follow-up care.
Hardware:
Hardware is the part of telemedicine technologies that includes devices like computers, modems, routers and other communication devices which are used to transmit voice, video or any other type of information from one point to another. Hardware also helps in improving the quality of communication by reducing background noise and interference.
Hardware is witnessing significant growth owing to increasing demand for high bandwidth applications such as video conferencing and online learning coupled with growing penetration of internet services especially in developing countries.
Software:
Software is the collection of processes and procedures designed to help people communicate with each other more effectively. It can be used for many purposes such as education, business, entertainment, etc. In telemedicine technologies software is used to improve communication between a medical practitioner and patient located in different locations over the globe by providing various solutions such as video conferencing & web conferencing or e-learning modules which are user friendly & cost effective.
Application Insights:
The dermatology segment dominated the global telemedicine technologies market in 2017. This is attributed to an increase in the prevalence of skin diseases and growing demand for non-invasive procedures. For instance, according to a study published by National Center for Biotechnology Information (NCBI) in 2018, around 60 million people suffer from acne scars across the globe. Thus, increasing number of patients seeking treatment through online channels is expected to boost segment growth during the forecast period.
The gynecology segment is anticipated to witness significant growth over the forecast period owing to rising awareness about reproductive health among women globally.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, high adoption rate of advanced telemedicine technologies, and favorable government initiatives. For instance, in 2015, according to an article published by Modern Healthcare magazine titled “5 ways healthcare IT is changing medicine†it was stated that there are over 1 million people with chronic illnesses living in New York State alone and this number is expected to grow rapidly over the next decade.
Asia Pacific region is anticipated to witness lucrative growth during the forecast period owing to increasing investments by governments as well as private companies for developing healthcare infrastructure coupled with growing demand for cost-effective treatment options from patients & their families across rural areas as well as urban centers throughout this region.
Growth Factors:
- Increasing demand for convenience and efficiency in healthcare delivery
- Rising prevalence of chronic diseases and geriatric population
- Growing need to contain healthcare costs
- Advances in information and communication technologies (ICT)
- Government initiatives to promote telemedicine
Scope Of The Report
Report Attributes
Report Details
Report Title
Telemedicine Technologies Market Research Report
By Type
Hardware, Software, Services
By Application
Dermatology, Gynecology, Neurology, Cardiology, Orthopedics, Emergency care, Internal Medicine, Others
By Companies
Medtronic, Koninklijke Philips, Honeywell International, MindChild Medical, Abbott
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Telemedicine Technologies Market Report Segments:
The global Telemedicine Technologies market is segmented on the basis of:
Types
Hardware, Software, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dermatology, Gynecology, Neurology, Cardiology, Orthopedics, Emergency care, Internal Medicine, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- Koninklijke Philips
- Honeywell International
- MindChild Medical
- Abbott
Highlights of The Telemedicine Technologies Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware
- Software
- Services
- By Application:
- Dermatology
- Gynecology
- Neurology
- Cardiology
- Orthopedics
- Emergency care
- Internal Medicine
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Telemedicine Technologies Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Telemedicine technologies are systems that allow healthcare providers to remotely access and diagnose medical conditions. This technology can be used to provide care for patients who are unable to travel to a doctor's office or hospital.
Some of the major players in the telemedicine technologies market are Medtronic, Koninklijke Philips, Honeywell International, MindChild Medical, Abbott.
The telemedicine technologies market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Telemedicine Technologies Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Telemedicine Technologies Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Telemedicine Technologies Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Telemedicine Technologies Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Telemedicine Technologies Market Size & Forecast, 2018-2028
4.5.1 Telemedicine Technologies Market Size and Y-o-Y Growth
4.5.2 Telemedicine Technologies Market Absolute $ Opportunity
Chapter 5 Global Telemedicine Technologies Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Telemedicine Technologies Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.2.3 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Telemedicine Technologies Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Telemedicine Technologies Market Size Forecast by Applications
6.2.1 Dermatology
6.2.2 Gynecology
6.2.3 Neurology
6.2.4 Cardiology
6.2.5 Orthopedics
6.2.6 Emergency care
6.2.7 Internal Medicine
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Telemedicine Technologies Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Telemedicine Technologies Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Telemedicine Technologies Analysis and Forecast
9.1 Introduction
9.2 North America Telemedicine Technologies Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Telemedicine Technologies Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
9.6.3 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Telemedicine Technologies Market Size Forecast by Applications
9.10.1 Dermatology
9.10.2 Gynecology
9.10.3 Neurology
9.10.4 Cardiology
9.10.5 Orthopedics
9.10.6 Emergency care
9.10.7 Internal Medicine
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Telemedicine Technologies Analysis and Forecast
10.1 Introduction
10.2 Europe Telemedicine Technologies Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Telemedicine Technologies Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
10.6.3 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Telemedicine Technologies Market Size Forecast by Applications
10.10.1 Dermatology
10.10.2 Gynecology
10.10.3 Neurology
10.10.4 Cardiology
10.10.5 Orthopedics
10.10.6 Emergency care
10.10.7 Internal Medicine
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Telemedicine Technologies Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Telemedicine Technologies Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Telemedicine Technologies Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
11.6.3 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Telemedicine Technologies Market Size Forecast by Applications
11.10.1 Dermatology
11.10.2 Gynecology
11.10.3 Neurology
11.10.4 Cardiology
11.10.5 Orthopedics
11.10.6 Emergency care
11.10.7 Internal Medicine
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Telemedicine Technologies Analysis and Forecast
12.1 Introduction
12.2 Latin America Telemedicine Technologies Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Telemedicine Technologies Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
12.6.3 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Telemedicine Technologies Market Size Forecast by Applications
12.10.1 Dermatology
12.10.2 Gynecology
12.10.3 Neurology
12.10.4 Cardiology
12.10.5 Orthopedics
12.10.6 Emergency care
12.10.7 Internal Medicine
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Telemedicine Technologies Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Telemedicine Technologies Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Telemedicine Technologies Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
13.6.3 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Telemedicine Technologies Market Size Forecast by Applications
13.10.1 Dermatology
13.10.2 Gynecology
13.10.3 Neurology
13.10.4 Cardiology
13.10.5 Orthopedics
13.10.6 Emergency care
13.10.7 Internal Medicine
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Telemedicine Technologies Market: Competitive Dashboard
14.2 Global Telemedicine Technologies Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Koninklijke Philips
14.3.3 Honeywell International
14.3.4 MindChild Medical
14.3.5 Abbott
