Italy Telemedicine Market Size & Outlook, 2023-2030
Italy telemedicine market, 2018-2030 (US$M)
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Italy telemedicine market highlights
- The Italy telemedicine market generated a revenue of USD 2,981.0 million in 2023 and is expected to reach USD 10,224.4 million by 2030.
- The Italy market is expected to grow at a CAGR of 19.3% 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 2,981.0 million |
| Market revenue in 2030 | USD 10,224.4 million |
| Growth rate | 19.3% (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, Italy accounted for 2.6% 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 Europe, Germany telemedicine market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 10,224.4 million by 2030.
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Telemedicine Market Scope
Telemedicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Italy 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 51.22% in 2023. Horizon Databook has segmented the Italy telemedicine market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
Rising demand for telemedicine services, especially during the pandemic, is expected to boost the market growth. The Foundation IRCCS Carlo Besta Neurological Institute stated that it delivered over 1,540 telemedicine services between 10 March 2020 to 10 June 2020.
Several hospitals in both public and private sectors are adopting telemedicine for efficient and high-quality healthcare, which drives market growth. This factor is expected to significantly boost market growth during the forecast period.
Before COVID-19, a major barrier for growth of telemedicine market in Italy was that it was not formally recognized in Italy. The certified platforms were expensive and not available immediately. Furthermore, a clear procedure was required to write and deliver clinical records to patients.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy telemedicine market , including forecasts for subscribers. This country databook contains high-level insights into Italy telemedicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy telemedicine market size, by component, 2018-2030 (US$M)
Italy Telemedicine Market Outlook Share, 2023 & 2030 (US$M)
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