Telemedicine Market Size Growing at 16.9% CAGR to hit USD 104 billion by 2028

By Ashwin Naphade  | Date: November 01, 2022

Telemedicine Market Size Growing at 16.9% CAGR to hit USD 104 billion by 2028

Market Study Report adds new research on Telemedicine market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Telemedicine market also includes an in-depth study of the industrys competitive scenario.           

According to latest analysis, the global telemedicine market is poised to grow by USD 104 billion during 2022-2028, progressing at a CAGR of 16.9% during the forecast period.

This industry report offers market estimates of the global market, followed by a detailed analysis of the component, application, end user, and region.

The global market data on telemedicine can be segmented by component: hardware, software, others. In 2021, the hardware segment made up the largest share of revenue generated by the telemedicine market. Telemedicine market is further segmented by application: telecardiology, teledermatology, telepathology, telepsychiatry, teleradiology, others. The telecardiology segment was the largest contributor to the global telemedicine market in 2021.

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Based on end user, the telemedicine market is segmented into: home care settings, hospital facilities. The home care settings segment is estimated to account for the largest share of the global telemedicine market. On the basis of region, the telemedicine market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW). North America held the largest share of the global telemedicine market in 2021 and is anticipated to hold its share during the forecast period.

The global telemedicine market is highly competitive. The leading players in the telemedicine market include Allscripts Healthcare Solutions Inc., AMD Global Telemedicine Inc., American Well Corporation (AMWL), BioTelemetry Inc., Boston Scientific Corporation, Cerner Corporation, Cisco Systems Inc., GE Healthcare, Medtronic Inc., Medvivo Group Ltd., Siemens Healthineers AG, Teladoc Health Inc.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

Why buy this report?

- Get a detailed picture of the Global Telemedicine Market

- Identify segments/areas to invest in over the forecast period in the Global Telemedicine Market

- Understand the competitive environment, the market's leading players

- The market estimate for ease of analysis across scenarios in Excel format.

- Strategy consulting and research support for three months.

- Print authentication provided for the single-user license.

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About Author

Ashwin Naphade     ibmag.com

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

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