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Telemedicine Market GLOBAL INDUSTRY ANALYSIS, TRENDS, MARKET SIZE AND FORECASTS UP TO 2024


Telemedicine Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

Š Infinium Global Research

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Telemedicine Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

Introduction Report Description

The report on Global Telemedicine Market is an in depth analysis of the segments and subsegments in the telemedicine market. The report provides analysis for the global as well as regional markets over the period of 2018 to 2024. According to report the global telemedicine market is expected to grow at a CAGR of 18.8 % over the forecast period of 2018 - 2024. Telemedicine is a use of telecommunication and information technology to deliver remote healthcare services from distance. It helps to eliminate distance barrier and improve access to medical services that would not consistently available in distant rural areas. Telemedicine services use video conference, email, smart phones, wireless tools and other forms of telecommunication technologies. This technology allows communication between patient and healthcare staff with convenience as well as transmission of medical, imaging and health information from one end to another. Lack of access to physicians in rural and remote areas provides an opportunity for telemedicine to spread its network and reach millions of patients, to provide widespread health services. This report estimates the market size of telemedicine market in terms of value (USD million) over the period of 2018 to 2024. The year 2016 is considered to be a base year, and 2018 to 2024 is considered to be a forecast period. This market research study provides detailed qualitative and quantitative analysis of the global telemedicine market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of telemedicine market. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecasts are also given for these regions. Countries with major market revenues are covered for each of the region.

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Telemedicine Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of Telemedicine market. Moreover, the study highlights current market trends and provides forecast from 2018 to 2024. We also have highlighted future trends in the global Telemedicine market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. SEGMENTATION AND RESEARCH SCOPE TELEMEDICINE MARKET SEGMENTATION TELEMEDICINE MARKET

Services  Tele-Training  TeleMonitoring  TeleConsultation  Tele-Education  Others

Applications Type

     

Dermatology Cardiology Neurology Gynecology Orthopedics Others

End Users

 Tele- Hospital and Clinic  Tele-Home

Region

Mode of Delivery

 Web Based  Cloud Based

    

North America Europe Asia Pacific Latin America RoW

The report segments the telemedicine market by services, by application, by end users, by mode of delivery and by regions. Market segmentation based on services includes telemonitoring, tele-training, tele-education, tele-consultation and others. On the basis of application market segmented into gynecology, dermatology, cardiology, neurology, orthopedics, consultations, emergency care and others. Moreover, on the basis of end users the market is segment into tele-hospital and clinic and tele-home; whereas, mode of delivery segment comprises web based and cloud based. © Infinium Global Research

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Telemedicine Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

Research Methodology Methodology

Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the telemedicine market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days. Research Methodology: An Outline

Primary source of the information and data include  Industry Experts/consultants  Top level executives in the key market players  Subject matter experts  Academicians and research scholars

PRIMARY RESEARCH

Secondary sources of the information and data include  Company annual reports  Government/institutional publications  Trade and associations journals  Databases  Websites and publications by research agencies  Others

SECONDARY RESEARCH

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Telemedicine Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

RESEARCH APPROACHES- BOTTOM UP BOTTOM-UP APPROACH

Arriving at Global Market Size

Market Share of Key Players

Key Market Players

Arriving at Regional/Country Market Size

 

Accumulation of the country level market size (value) Regional market size of telemedicine and its services

 

Segment revenue of the key players Country level market size by services and applications, end users and mode of delivery (value)

Identifying key players in the telemedicine market

 

Accumulation of the regional/country market size (value) Global market size of services and applications, end users and mode of delivery

RESEARCH APPROACHES- TOP-DOWN Global Market

Global market size of telemedicine market

% breakdown by market segments by services and applications, end users and mode of delivery

 

Regional market size of the telemedicine market (value) Regional market size of services and applications, end users and mode of delivery

Country level market size of the telemedicine market in every region (value) Country level market size of services and applications, end users and mode of delivery in every region

Market Segments

Determine the Regional Market Size Country Level Market Sizing

TOP-DOWN APPROACH

© Infinium Global Research

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Telemedicine Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

The study on global telemedicine market provides deep insights into the trends and opportunities in the market for the forecast period 2018 to 2024. Moreover, the market estimates are provided in terms of revenue in USD million. Furthermore, the research covers the analysis of the various segments in the global telemedicine market. The estimates in the global telemedicine market are based on both bottom-up and top-down approaches. In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of telemedicine market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia-Pacific and RoW. The regional market was then divided as per the market share of the application, services, end user and mode of delivery and category. IGR- RESEARCH METHOD AND DATA TRIANGULATION SECONDARY SOURCES

Infinium's Data Bank/ Know How

 Top executives of end-use industries such as hospitals and Clinics  Intermediaries

 C-level executives in the leading manufacturing products of telemedicine.  Product managers  Sales managers  Industry consultants  Distributors/Suppliers

Secondary Research

DATA TRIANGULATION & INFORMATION SOURCES

      

Annual Reports Presentations Company Websites Press Releases News Articles Journals Paid Databases

Company Publication

Supply Side

Primary Research

Industry Publications Goverment Agencies' Publications Industry news Data sources Department of health, U.K. Department of health, Govt. of Australia  U.S. National Library of Medicine  Others

     

General Publications

Demand Side

PRIMARY SOURCES

The market size of telemedicine market is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of the leading players in the telemedicine market. The primary interview participants typically © Infinium Global Research

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Telemedicine Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

includes managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the telemedicine market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the telemedicine market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of telemedicine. With the help of primary interviews and secondary research the market size of telemedicine is determined for each country studied, which then is added to arrive at the regional market size and thereby obtaining global market size. This in turn helps us to validate the market size of telemedicine in the world market. Executive Summary Global Telemedicine Market Highlights, (USD Million)

The global Telemedicine market is expected to grow at a CAGR of 18.8 % between 2018 and 2024 in terms of value. In 2015, the size of global telemedicine market was valued at USD 20.58 billion and it is projected to reach USD 81.51 billion by 2024. Telemedicine is reflected as the most multipurpose technology available to deliver health education, health information and health care at a distance. Due to technological advancement access to remote locations for

patients care center has increased. It also helps in decreasing

emergency room visit and hospitalization rate, thus augmenting the market growth. Consistent technological innovations, increasing remote patient monitoring, high prevalence of chronic diseases, and rising geriatric population are considered to be the driving factors fueling the growth of telemedicine market. Moreover, increasing number of smart phone users is likely to support the growth of this market over the forecast period. However, high cost of advanced technology, legal and reimbursement issues and inadequate healthcare infrastructure in developing economies are the factors inhibiting the growth of telemedicine market. Furthermore, the global telemedicine market is expected to present several opportunities for major players due to technological advancements in telecommunication sector. Š Infinium Global Research

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Telemedicine Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

Telemedicine market is expected to experience rapid growth globally. The market size in terms of value is expected to grow due to Consistent technological innovations, increasing remote patient monitoring, high prevalence of chronic diseases, and rising geriatric population are considered to be the driving factors fueling the growth of telemedicine market. GLOBAL TELEMEDICINE MARKET, CAGR (USD MN) GROWTH BY REGIONS (2016 – 2024)

xxx.x xxx.x

2017

2023

xxx.x

xxx.x

xxx.x

xxx.x

2017

2023

2017

2023

The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 – 2024. The report provides regional analysis covering geographies such as North America, Europe, Asia Pacific, and Rest of the World (RoW). North America was the leading market for telemedicine globally, with market share of more than 33% in 2015. The growth in North America region is attributed to affordable care act, ICD-10 implementation, reimbursement and incentive plans, and technological advancement in telemedicine. The countries covered in the North America region include the U.S., Canada, and Mexico. The U.S. drives the growth in the North America region as it is the largest market in the region. Asia Pacific is the second largest market and is anticipated to dominate the global telemedicine market over the forecast period. This is due to increased government support and investment in R&D, growth in geriatric population in Japan, favorable initiatives for the adoption of tele-pathology in © Infinium Global Research

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Telemedicine Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

china, low doctor-patient ratio as well as rapidly growing healthcare industry in India. Moreover, Asia Pacific is anticipated to grow at a highest CAGR of 25% over the forecast period of 2018 to 2024. Market Overview & Competitiveness DRO Analysis

DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global Telemedicine market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the Telemedicine market. Drivers refer to the factors that are expected to drive or boost the market size or demand for Telemedicine. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of Telemedicine market both in short run and long run.

DRIVERS OF TELEMEDICINE MARKET, IMPACT ANALYSIS SHORT TERM IMPACT

DRIVERS

MID TERM IMPACT

LONG TERM IMPACT

Consistent technological innovations, Increasing remote patient monitoring High prevalence of chronic diseases

HIGH

MEDIUM

LOW

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Telemedicine Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

RESTRAINTS OF TELEMEDICINE MARKET, IMPACT ANALYSIS SHORT TERM IMPACT

RESTRAINTS

MID TERM IMPACT

LONG TERM IMPACT

High cost of advanced technology

Legal and reimbursement issues

HIGH

MEDIUM

LOW

IGR- Growth Matrix Analysis

Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and Services segment or region based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers  Risky Zone: Low market size and low growth rate. Investment in this segment is risky  Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements  Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments.  Opportunity Zone: High growth low market size  Safe Zone: Moderate growth and moderate market size. © Infinium Global Research

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Telemedicine Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

IGR- GROWTH MATRIX ANALYSIS Growth Rate

Opportunity Zone

Consolidation Zone

High

Low

Risky Zone

Retention Zone Market Size Low

High North America

Europe

Asia-Pacific

RoW

GLOBAL TELEMEDICINE MARKET BY REGION, 2018 - 2024 (% SHARE)

2018

2024

Tele-Training Tele-Monitoring Tele-Consultation Tele-Education Others

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Telemedicine Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024

Company Profiling Lifewatch AG Cepheid, Inc.

LifeWatch AG Cepheid, Inc. CONTACT DETAILS: xxxxxxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxx xxxx Tele: + Website: http://www.xxxx.com

KEY FEATURES: No. of Employees: No. of countries of operation:

SWOT ANALYSIS: STRENGHTS  Sample text sample text  Sample text sample text

WEAKNESS  Sample text sample text

THREATS

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PRODUCT PORTFOLIO:  Product 1  Product 2  Product 3  Product 4

Browse Detailed Description and Company Mentioned in this Report @ https://www.infiniumglobalresearch.com/healthcare-medical-devices/globaltelemedicine-market

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Telemedicine Market : Professional Market Research Report and Forecasts 2018-2024  

The report on global telemedicine market is an in depth analysis of the segments and sub-segments in the telemedicine market. The report pro...

Telemedicine Market : Professional Market Research Report and Forecasts 2018-2024  

The report on global telemedicine market is an in depth analysis of the segments and sub-segments in the telemedicine market. The report pro...

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