North America Telemedicine Market Size & Outlook
North America telemedicine market, 2018-2030 (US$M)
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North America telemedicine market highlights
- The North America telemedicine market generated a revenue of USD 38,552.8 million in 2023.
- The market is expected to grow at a CAGR of 18% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 38,552.8 million |
| Market revenue in 2030 | USD 122,960.3 million |
| Growth rate | 18% (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 |
| Key market players worldwide | Twilio Inc Class A, Teladoc Health Inc, Zoom Video Communications Inc |
Other key industry trends
- In terms of revenue, North America region accounted for 33.5% of the global telemedicine market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 105,769.5 million by 2030.
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Telemedicine Market Scope
Telemedicine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 51.98% in 2023. Horizon Databook has segmented the North America telemedicine market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
The North America telemedicine market comprises the U.S. and Canada. Some of the prominent drivers of the market are increasing awareness and rising government initiatives to promote adoption of telemedicine.
Popularity of tele-consulting, owing to its efficient and easy patient examination, especially in remote settings, is also expected to boost the market growth. In addition, increase in the number of products in the market receiving U.S. FDA approval is anticipated to propel the market growth.
North America leads the global telemedicine market owing to technological innovations. Furthermore, the U.S. is expected to hold the largest market share in North America, due to the presence of major market players in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America telemedicine market , including forecasts for subscribers. This continent databook contains high-level insights into North America telemedicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America telemedicine market size, by country, 2018-2030 (US$M)
North America Telemedicine Market Outlook Share, 2023 & 2030 (US$M)
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