Australia Telemedicine Market Size & Outlook, 2023-2030
Australia telemedicine market, 2018-2030 (US$M)
Related Markets
Australia telemedicine market highlights
- The Australia telemedicine market generated a revenue of USD 4,109.5 million in 2023 and is expected to reach USD 14,511.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 19.8% from 2024 to 2030.
- In terms of segment, product was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Telemedicine market data book summary
| Market revenue in 2023 | USD 4,109.5 million |
| Market revenue in 2030 | USD 14,511.6 million |
| Growth rate | 19.8% (CAGR from 2023 to 2030) |
| Largest segment | Product |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Product, Services |
| Key market players worldwide | Twilio Inc Class A, Teladoc Health Inc, Zoom Video Communications Inc |
Other key industry trends
- In terms of revenue, Australia accounted for 3.6% of the global telemedicine market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China telemedicine market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 15,114.5 million by 2030.
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Telemedicine Market Scope
Telemedicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia 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 51.93% in 2023. Horizon Databook has segmented the Australia telemedicine market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
During the COVID-19 pandemic, telehealth services in Australia were utilized as an alternative method of healthcare delivery to patients. The country also had established telehealth services before the pandemic.
Temporary government subsidies have significantly expanded access to telehealth under Medicare for Australians. This access to many services was funded by the Australian State and Federal governments.
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Our clientele includes a mix of telemedicine market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia telemedicine market , including forecasts for subscribers. This country databook contains high-level insights into Australia telemedicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia telemedicine market size, by component, 2018-2030 (US$M)
Australia Telemedicine Market Outlook Share, 2023 & 2030 (US$M)
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