Russia Telemedicine Market Size & Outlook, 2023-2030
Russia telemedicine market, 2018-2030 (US$M)
Related Markets
Russia telemedicine market highlights
- The Russia telemedicine market generated a revenue of USD 2,037.3 million in 2023 and is expected to reach USD 6,839.0 million by 2030.
- The Russia market is expected to grow at a CAGR of 18.9% 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 2,037.3 million |
| Market revenue in 2030 | USD 6,839.0 million |
| Growth rate | 18.9% (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, Russia accounted for 1.8% 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 |
|---|
Russia 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 52.34% in 2023. Horizon Databook has segmented the Russia telemedicine market based on product, services covering the revenue growth of each sub-segment from 2018 to 2030.
Russia has been practicing telemedicine for over three decades. In 2018, telemedicine in Russia was regulated by Law No. 242-FZ. The law simplified the access to medical services for citizens, but also allowed clinics that remotely advise patients to earn money.
This is expected to be a driving factor for the market growth in the country. However, the new law imposed a veto on remote diagnosing, which significantly constricted a range of services that clinics can provide to their clients interested in obtaining a doctor’s decision remotely.
Moreover, clinics providing telemedicine services have to register their electronic signatures, which requires annual updates. However, no funds are allocated to public clinics for this purpose. Such factors are slowing down the market growth.
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Target buyers of Russia 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Russia telemedicine market , including forecasts for subscribers. This country databook contains high-level insights into Russia telemedicine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Russia telemedicine market size, by component, 2018-2030 (US$M)
Russia Telemedicine Market Outlook Share, 2023 & 2030 (US$M)
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