Global Telemedicine Market Size & Outlook, 2023-2030
Global telemedicine market, 2018-2030 (US$M)
Related Markets
Global telemedicine market highlights
- The global telemedicine market generated a revenue of USD 114,978.1 million in 2023 and is expected to reach USD 380,328.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 18.6% by 2030.
- In terms of segment, product accounted for a revenue of USD 59,753.6 million in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 114,978.1 million |
| Market revenue in 2030 | USD 380,328.9 million |
| Growth rate | 18.6% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Services |
Other key industry trends
- In terms of revenue, the North America accounted for 33.5% of the global telemedicine market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, UK is the fastest growing regional market and is projected to reach USD 13,053.1 million by 2030.
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Telemedicine Market Scope
Telemedicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global telemedicine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to telemedicine market will help companies and investors design strategic landscapes.
Product was the largest segment with a revenue share of 51.97% in 2023. Horizon Databook has segmented the Global telemedicine market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Telemedicine Component Outlook (Revenue, USD Million, 2018-2030)
- Product
- Hardware
- Software
- Others
- Services
- Tele-Consulting
- Tele-Monitoring
- Tele-Education
- Product
- Global Telemedicine Modality Outlook (Revenue, USD Million, 2018-2030)
- Store and forward
- Real time
- Others
- Global Telemedicine Application Outlook (Revenue, USD Million, 2018-2030)
- Teleradiology
- Telepsychiatry
- Telepathology
- Teledermatology
- Telecardiology
- Others
- Global Telemedicine Delivery Mode Outlook (Revenue, USD Million, 2018-2030)
- Web/Mobile
- Audio/Text-based
- Visualized
- Call Centers
- Web/Mobile
- Global Telemedicine Facility Outlook (Revenue, USD Million, 2018-2030)
- Tele-Hospitals
- Tele-Home
- Global Telemedicine End Use Outlook (Revenue, USD Million, 2018-2030)
- Patients
- Payers
- Providers
- Others
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Target buyers of Global telemedicine market databook
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Our clientele includes a mix of telemedicine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global telemedicine market , including forecasts for subscribers. This global databook contains high-level insights into Global telemedicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global telemedicine market size, by regions, 2018-2030 (US$M)
Top 10 countries: Telemedicine market size, 2023 (US$M)
Global telemedicine market share, by component, 2023 & 2030 (%, US$M)
Telemedicine market: Opportunity assessment by country
Global telemedicine market, by region, 2023 (US$M)
| Component | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 12,558.2 | 15,235.6 | 19,239.8 | 23,868.7 | 30,765.3 | 38,552.8 | 47,098.5 | 56,237.0 | 66,659.8 | 78,460.2 | 91,725.3 | 106,535.0 | 122,960.3 | 18.0% |
| Europe | 11,379.3 | 13,749.6 | 17,291.7 | 21,362.1 | 27,629.3 | 34,743.0 | 42,592.4 | 51,035.4 | 60,708.4 | 71,709.8 | 84,134.6 | 98,071.9 | 113,604.3 | 18.4% |
| Asia Pacific | 8,978.5 | 11,160.5 | 14,436.2 | 18,340.2 | 23,940.5 | 30,381.5 | 37,586.4 | 45,446.8 | 54,549.5 | 65,014.3 | 76,961.1 | 90,507.9 | 105,769.5 | 19.5% |
| Latin America | 2,290.5 | 2,803.3 | 3,571.4 | 4,470.2 | 5,797.8 | 7,311.0 | 8,987.8 | 10,799.6 | 12,882.6 | 15,259.8 | 17,954.0 | 20,986.9 | 24,379.1 | 18.8% |
| MEA | 1,130.0 | 1,428.7 | 1,878.2 | 2,423.1 | 3,153.4 | 3,989.9 | 4,921.5 | 5,933.4 | 7,101.3 | 8,439.5 | 9,962.3 | 11,683.3 | 13,615.8 | 19.2% |
| Overall | 36,336.4 | 44,377.6 | 56,417.2 | 70,464.1 | 91,286.3 | 114,978.1 | 141,186.7 | 169,452.2 | 201,901.6 | 238,883.6 | 280,737.2 | 327,785.0 | 380,328.9 | 18.6% |
Related regional statistics
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