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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Telemedicine Market Size
The global telemedicine market attained a value of USD 87.21 billion in 2023. The market is estimated to grow at a CAGR of 19.3% during the forecast period of 2024-2032 to reach a value of USD 426.90 billion by 2032. The growth can be attributed to the increased technological advancement and increased adoption of teleconsultation in healthcare.
Telemedicine Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market size reached a value of USD 87.21 billion in 2023.
The market is expected to grow at a CAGR of 19.3% during the forecast period of 2024-2032 to reach a value of about USD 426.90 billion by 2032.
Advanced technological innovation and increased acceptance of teleconsultation in healthcare are the major drivers that are aiding the market growth.
The regions involved in this market are North America, Latin America, Asia Pacific, Europe, and Latin America.
Depending on the ailment and type of patient, digital engagement and follow-up can significantly improve treatment outcomes and quality of life.
The product types can be categorised into hardware and software, among others. Services can be further classified into tele-consulting and tele-monitoring.
The modes of delivery can be categorized into on-premises delivery and cloud-based delivery.
Telemedicine finds wide applications in teleradiology, telepsychiatry, telepathology, tele dermatology, tele nursing, tele pharmacy, and tele stroke, among others.
The facilities included in the market are tele-hospitals and tele-home.
The end-users in the market include healthcare providers, patients, and healthcare payers, among others.
The key companies involved in the global market are MDlive, Inc, American Well Corporation, Twilio Inc, Teladoc Health, Inc., Doctor On Demand, Inc., SOC Telemed, Inc., Plantronics, Inc., Practo, Sesame, Inc., Doxy.me Inc., Koninklijke Philips, GE Healthcare, Siemens Healthineers AG, and Medtronic plc.
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