According to a market report by Lucintel, the future of the telemedicine market looks promising with opportunities in the teleradiology, telepsychiatry, telepathology, teledermatology, and telecardiology market. The global telemedicine market is expected to grow with a CAGR of 19% to 21% from 2023 to 2028. The major drivers for this market are increasing prevalence of chronic and lifestyle-associated diseases, and growing need for remote patient monitoring services in developing countries.
In this market, store & forward and real-time are the major segments by modality. Lucintel forecasts that real-time will remain the largest segment over the forecast period due to increasing usage of mHealth and virtual video visits and service offerings by key market players. Additionally, it is useful at the tele intensive care as it transfers the patient’s data quickly to the intensivist at a distant location and helps the ICU members at the hospital in the treatment of the patient.
Within this market, teleradiology is expected to remain the largest segment due to increase in imaging practices, teleradiology workflow adoption by healthcare providers, expansion of service offerings within radiology sub-segments, and the streamlining & regulation of teleradiology practices.
North America remains the largest region due to rising digitalization across healthcare, advanced healthcare facilities, and the adoption of telemedicine solutions.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing prevelance of reality/virtual reality (AR/VR) for virtual visits and adoption of mHealth. Aerotel Medical Systems, InTouch Technologies, AMD Global Telemedicine, OBS Medical, Cisco Systems, Cerner Corporation, Allscripts Healthcare Solutions, McKesson Corporation, Honeywell International and BioTelemetry are the major suppliers in the global telemedicine market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global telemedicine market by component, product type, modality, delivery mode, application, end use industry, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Telemedicine Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global telemedicine market by product type, component, modality, delivery mode, application, end use industry, as follows:
Telemedicine Market by Component [Value ($B) Shipment Analysis from 2017 to 2028]:
·Product
- Hardware
- Software
- Others
·Services
·Tele-consulting
·Tele-monitoring
·Tele-education
Telemedicine Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
· Tele-hospital
· Tele-home
Telemedicine Market by Modality [Value ($B) Shipment Analysis from 2017 to 2028]:
· Store & Forward
· Real-Time
· Others
Telemedicine Market by Delivery Mode [Value ($B) Shipment Analysis from 2017 to 2028]:
· Web/Mobile
· Telephonic
· Visualized
· Call Centers
Telemedicine Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Teleradiology
· Telepsychiatry
· Telepathology
· Teledermatology
· Telecardiology
· Others
Telemedicine Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:
· Providers
· Payers
· Patients
· Others
Telemedicine Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Telemedicine Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/telemedicine-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the telemedicine market by component (product and services), product type (tele-hospital and tele-home), modality (store & forward, real-time, and others), delivery mode (web/mobile and call centers), application (teleradiology, telepsychiatry, telepathology, teledermatology, telecardiology and others), end use industry (providers, payers, patients, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?