Dublin, Aug. 24, 2021 (GLOBE NEWSWIRE) -- The "Telemedicine Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type; Product and Services; Specialty; Delivery Mode; and Geography" report has been added to ResearchAndMarkets.com's offering.
The telemedicine market was valued at US$ 51,094.75 million in 2020 and is projected to reach US$ 199,544.64 million by 2028; it is expected to grow at a CAGR of 18.5% from 2020 to 2028. The market growth is attributed to key factors such as the increasing use of smartphones and development of various mobile platforms, and rising prevalence of chronic and lifestyle-associated diseases. However, healthcare fraud and rising data security concerns, barriers to telemedicine in rural areas and developing countries, and lack of universal reimbursement policies restrain the market growth. Further, the rising adoption of telemedicine amid COVID-19 outbreak pandemic offers lucrative opportunities for the growth of the global telemedicine market.
Smartphones are making healthcare practices more comfortable and manageable as they play key role in the collection of patient's health data; moreover, they can also act as a medium to provide healthcare services as well as to provide prescriptions, medical knowledge, recommendations, and so on. The telemedicine technology allows healthcare providers to support patients throughout disease surveillance, guidance treatments, and chronic disease management. The number of Internet users is currently rising at an annual rate of more than 7%, equating to an average of ~875,000 new users every day. However, the COVID-19 pandemic has had a big impact on internet user research, and hence, the actual figures are likely to be much higher. Moreover, according to Data Reporter Review, 42 published in February 2021, there were 5.11 billion unique mobile users worldwide in 2019, and 2.71 billion of them used smartphones. Additionally, 82.2% of the people in the UAE have a smartphone, which is the highest smartphone penetration in the world.
Based on type, the global telemedicine market is bifurcated into telehospital and telehome. The telehome segment held a larger market share in 2020 and is expected to register a higher CAGR during the forecast period. By delivery mode, the market is segmented into mobile, call centers, and web. The mobile segment held the largest share of the market in 2020, and it is further expected to register the highest CAGR in the market during 2021-2028.
The Food Safety and Inspection Service, Food and Drug Administration, National Institute of Health, and European Medical Association are a few of the major secondary sources referred to while preparing the report on the global telemedicine market.
Key Topics Covered:
1. Introduction
2. Telemedicine Market- Key Takeaways
3. Research Methodology
4. Global Telemedicine Market- Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 APAC PEST Analysis
4.2.4 MEA PEST Analysis
4.2.5 SCAM PEST Analysis
4.3 Expert Opinion
5. Telemedicine Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Use of Smartphones and Development of Various Mobile Platforms
5.1.2 Increasing Prevalence of Chronic and Lifestyle-Associated Diseases
5.2 Market Restraints
5.2.1 Healthcare Fraud and Rising Data Security Concerns
5.2.2 Barriers to Telemedicine in Rural Areas and Developing Countries
5.2.3 Lack of Universal Reimbursement Policies
5.3 Market Opportunities
5.3.1 Rising Adoption of Telemedicine in Wake of COVID Pandemic
5.4 Future Trends
5.4.1 Market Consolidation Through Product Enhancements and Acquisitions
5.5 Impact analysis
6. Telemedicine Market- Global Analysis
6.1 Global Telemedicine Market Revenue Forecast and Analysis
6.2 Global Telemedicine Market, By Geography - Forecast and Analysis
6.3 Market Positioning of Key Players
7. Global Telemedicine Market Analysis- By Product and Service
7.1 Overview
7.2 Global Telemedicine Market, By Product and Service 2020 & 2028 (%)
7.3 Software and Hardware
7.3.1 Overview
7.3.2 Software and Hardware: Telemedicine Market Revenue and Forecasts To 2028 (US$ Mn)
7.4 Tele-Consulting
7.4.1 Overview
7.4.2 Tele-Consulting: Telemedicine Market Revenue and Forecasts To 2028 (US$ Mn)
7.5 Tele-Monitoring
7.5.1 Overview
7.5.2 Tele-Monitoring: Telemedicine Market Revenue and Forecasts To 2028 (US$ Mn)
7.6 Tele-Education/Training
7.6.1 Overview
7.6.2 Tele-Education/ Training: Telemedicine Market Revenue and Forecasts To 2028 (US$ Mn)
8. Global Telemedicine Market Analysis- by Type
8.1 Overview
8.2 Global Telemedicine Market, by Type 2020 & 2028 (%)
8.3 Telehospital
8.3.1 Overview
8.3.2 Telehospital: Telemedicine Market Revenue and Forecasts To 2028 (US$ Mn)
8.4 Telehome
8.4.1 Overview
8.4.2 Telehome: Telemedicine Market Revenue and Forecasts To 2028 (US$ Mn)
9. Global Telemedicine Market Analysis- by Specialty
9.1 Overview
9.2 Global Telemedicine Market, by Type 2020 & 2028 (%)
9.3 Cardiology
9.3.1 Overview
9.3.2 Cardiology: Telemedicine Market Revenue and Forecasts To 2028 (US$ Mn)
9.4 Gynecology
9.4.1 Overview
9.4.2 Gynecology: Telemedicine Market Revenue and Forecasts To 2028 (US$ Mn)
9.5 Neurology
9.5.1 Overview
9.5.2 Neurology: Telemedicine Market Revenue and Forecasts To 2028 (US$ Mn)
9.6 Orthopedics
9.6.1 Overview
9.6.2 Orthopedics: Telemedicine Market Revenue and Forecasts To 2028 (US$ Mn)
9.7 Dermatology
9.7.1 Overview
9.7.2 Dermatology: Telemedicine Market Revenue and Forecasts To 2028 (US$ Mn)
9.8 Mental Health (Psychiatry)
9.8.1 Overview
9.8.2 Mental Health (Psychiatry): Telemedicine Market Revenue and Forecasts To 2028 (US$ Mn)
9.9 Others
9.9.1 Overview
9.9.2 Others: Telemedicine Market Revenue and Forecasts To 2028 (US$ Mn)
10. Global Telemedicine Market Analysis- by Delivery Mode
10.1 Overview
10.2 Global Telemedicine Market, by Delivery Mode 2020 & 2028 (%)
10.3 Mobile
10.3.1 Overview
10.3.2 Mobile: Telemedicine Market Revenue and Forecasts To 2028 (US$ Mn)
10.4 Web
10.4.1 Overview
10.4.2 Web: Telemedicine Market Revenue and Forecasts To 2028 (US$ Mn)
10.5 Call Centers
10.5.1 Overview
10.5.2 Call Centers: Telemedicine Market Revenue and Forecasts To 2028 (US$ Mn)
11. Telemedicine Market Analysis and Forecasts To 2028 - Geographical Analysis
12. Impact of COVID-19 Pandemic on Global Telemedicine Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
12.2 Europe: Impact Assessment of COVID-19 Pandemic
12.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
12.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12.5 South and Central America: Impact Assessment of COVID-19 Pandemic
13. Telemedicine Market- Industry Landscape
13.1 Overview
13.2 Growth Strategies Done by the Companies in the Market, (%)
13.3 Organic Developments
13.3.1 Overview
13.4 Inorganic Developments
13.4.1 Overview
14. Company Profiles
14.1 Allscripts Healthcare, LLC
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Cerner Corporation
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Cisco Systems, Inc.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Eagle Telemedicine
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Honeywell International Inc.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 McKesson Corporation
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Financial Overview
14.6.4 SWOT Analysis
14.6.5 Key Developments
14.7 Koninklijke Philips N.V.
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 AMD Global Telemedicine, Inc.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 American Well
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Teladoc Health, Inc.
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
14.11 Insight
14.11.1 Key Facts
14.11.2 Business Description
14.11.3 Products and Services
14.11.4 Financial Overview
14.11.5 SWOT Analysis
14.11.6 Key Developments
15. Appendix
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