Telemedicine is a virtual digital platform of caring patients remotely when the provider and patient are not physically present. It allows patients to connect with physicians, which lowers the overall healthcare expenditure of the patients. In the current scenario, due to the Covid-19, most of the patients needed remote monitoring, to overcome the spread and prevention from infection. Moreover, the Government's involvement in the healthcare sector helped in providing a safer platform to the people and to develop some policies and regulations accordingly. The emerging use of telemedicine in the upcoming years is anticipated to become the most acquired method of diagnosis and medical consultations. It will sideways also improve the technologies in account to mobile and internet market amplification. The acquisition of digital technologies and tele-consultations are going to be the driving factor for the reduction of cost burden in healthcare. According to FCC, Telehealth technologies are projected to save the US healthcare industry USD XX billion annually. According to ResearchGate, during Covid-19 pendamic 62.6% of patients used virtual healthcare appointments and 59% of clinicians said that the cases were as actual as in-office care.
Telemedicine is the delivery of health care services, where
distance is a critical factor, by all health care professionals
using information and communications technologies for
the exchange of valid information for diagnosis, treatment
and prevention of disease and injuries, research and
evaluation, and for the continuing education of health
care providers, all in the interests of advancing the health
of individuals and their communities."
Telemedicine is the delivery of health care services, where
distance is a critical factor, by all health care professionals
using information and communications technologies for
the exchange of valid information for diagnosis, treatment
and prevention of disease and injuries, research and
evaluation, and for the continuing education of health
care providers, all in the interests of advancing the health
of individuals and their communities."
Telemedicine is the delivery of health care services, where
distance is a critical factor, by all health care professionals
using information and communications technologies for
the exchange of valid information for diagnosis, treatment
and prevention of disease and injuries, research and
evaluation, and for the continuing education of health
care providers, all in the interests of advancing the health
of individuals and their communities."
Telemedicine is the delivery of health care services, where
distance is a critical factor, by all health care professionals
using information and communications technologies for
the exchange of valid information for diagnosis, treatment
and prevention of disease and injuries, research and
evaluation, and for the continuing education of health
care providers, all in the interests of advancing the health
of individuals and their communities."
Telemedicine is the delivery of health care services, where
distance is a critical factor, by all health care professionals
using information and communications technologies for
the exchange of valid information for diagnosis, treatment
and prevention of disease and injuries, research and
evaluation, and for the continuing education of health
care providers, all in the interests of advancing the health
of individuals and their communities."
Telemedicine is the delivery of health care services, where
distance is a critical factor, by all health care professionals
using information and communications technologies for
the exchange of valid information for diagnosis, treatment
and prevention of disease and injuries, research and
evaluation, and for the continuing education of health
care providers, all in the interests of advancing the health
of individuals and their communities."
Telemedicine is the delivery of health care services, where
distance is a critical factor, by all health care professionals
using information and communications technologies for
the exchange of valid information for diagnosis, treatment
and prevention of disease and injuries, research and
evaluation, and for the continuing education of health
care providers, all in the interests of advancing the health
of individuals and their communities.
Telemedicine is the delivery of health care services, where
distance is a critical factor, by all health care professionals
using information and communications technologies for
the exchange of valid information for diagnosis, treatment
and prevention of disease and injuries, research and
evaluation, and for the continuing education of health
care providers, all in the interests of advancing the health
of individuals and their communities.
Telemedicine can be determined as an integration
of several components including information and
communication technologies, hardware and so?ware
technologies and medical services operating together in
order to provide required features or services to users
Telemedicine can be determined as an integration
of several components including information and
communication technologies, hardware and so?ware
technologies and medical services operating together in
order to provide required features or services to users
Telemedicine can be determined as an integration
of several components including information and
communication technologies, hardware and so?ware
technologies and medical services operating together in
order to provide required features or services to users
as shown in Fig 1. ?e underlying technologies are seen
as a black box to the users and they are responsible for
facilitating processes of each proposed service
. . .. . .. . .. . .. . .. . .. ..
..
EDUCATION AND PRACTICE Fundamentals
" Introduction to the practice of telemedicine
John Craig- and Victor Patterson-
w
?
Department of Neurology, Royal Victoria Hospital, Belfast, UK;
w
Centre for Online Health, University of Queensland, Brisbane,
Australia
Summary
Telemedicine is the delivery of health care and the exchange of health-care information across distances. It is not
a technology or a separate or new branch of medicine. Telemedicine episodes may be classi?ed on the basis of:
(1) the interaction between the client and the expert (i.e. realtime or prerecorded), and (2) the type of
information being transmitted (e.g. text, audio, video). Much of the telemedicine which is now practised is
performed in industrialized countries, such as the USA, but there is increasing interest in the use of telemedicine
in developing countries. There are basically two conditions under which telemedicine should be considered:
(1) when there is no alternative (e.g. in emergencies in remote environments), and (2) when it is better than
existing conventional services (e.g. teleradiology for rural hospitals). For example, telemedicine can be expected
to improve equity of access to health care, the quality of that care, and the ef?ciency by which it is delivered.
Research in telemedicine increased steadily in the late 1990s, although the quality of the research could be
improved - there have been few randomized controlled trials to date.
Introduction
One of the great challenges facing humankind in the
21st century is to make high-quality health care available
to all. Such a vision has been expressed by the World
Health Organization (WHO) in its health-for-all strategy
in the 21st century.
1
Realizing this vision will be dif?cult,
perhaps impossible, because of the burdens imposed on
a growing world population by old and new diseases,
rising expectations for health, and socioeconomic
conditions that have, if anything, increased disparities in
health status between and within countries.
Traditionally, part of the dif?culty in achieving
equitable access to health care has been that the
provider and the recipient must be present in the same
place and at the same time. Recent advances in
information and communication technologies,
however, have created unprecedented opportunities for
overcoming this by increasing the number of ways that
health care can be delivered. This applies both to
developing countries with weak or unstable economies
and to industrialized countries. The possibilities for
using information and communication technologies to
improve health-care delivery (?health telematics') are
increasingly being recognized. The WHO has stated that
with regard to its health-for-all strategy it recommends
that the WHO and its member states should:
integrate the appropriate use of health telematics in
the overall policy and strategy for the attainment of
health for all in the 21st century, thus ful?lling the
vision of a world in which the bene?ts of science,
technology and public health development are made
equitably available to all people everywhere.
2
Such a commitment to improve health-care delivery,
by utilizing information and telecommunications
technologies, is also being considered by those with the
?nancial means to do so, for example, the participants
in various European Commission projects. At the
national and subnational level, there is also evidence of
governmental interest in the bene?ts that these
technologies might bring to health care. For example,
in the UK, information technology including
telemedicine is at the heart of the government's
strategy to modernize and improve the NHS.
3
Telemedicine, the area where medicine and infor-
mation and telecommunications technology meet, is
probably the part of this revolution that could have the
greatest impact on healthcare delivery
The UK Government giving preference and providing funds to revolutionize and expand the telemedicine sector among with information technology. As per McKinsey & Company in 2020, customer acceptance of telehealth amenities has increased to 49% from 11% in 2019. Increased adoption of advanced technologies like machine learning, the internet of medical things (IoMT), virtual hospitals, artificial intelligence, and tele-health has emerged fruitful for the patients and doctors. In March 2020, the UAEs Ministry of Healthcare collaborated with the telecom department to establish their first virtual hospital, to upsurge the telemedicine market growth. However, high cost of development, implementation, and cyberthreat privacy concerns are some of the major limiting factor for the market growth.
Based on Service, the market is fragmented into Tele-consulting, Tele-monitoring, and Tele-education. It is anticipated that Tele-consultation service would maintain its dominance owing to telemedicine applications that support health provider's stay connected with their patients are more appreciated and appropriate than they have ever been. Based on the Specialty, the market is bifurcated into Cardiology, Neurology, Dermatology, Gynecology, Orthopedics, Mental Health, and Others. The Mental Health segment dominated the market, generating revenue of USD XX million in 2020. Based on Delivery mode, the market is fragmented into Mobile/Web and Call centers. The Web/Mobile segment accounted for the major revenue share, accounting for 75.2% share in 2020. The segment is anticipated to observe significant growth in the upcoming years through offering direct admittance to care delivery solutions.
Based on Modality, the market is fragmented into Real-time, Store and Forward, and others. The real-time segment is anticipated to observe profitable growth due to the extreme rise in the number of virtual visits. According to the On-demand Virtual Care Benchmark Survey, 32.1% of doctors in the US had an on-demand virtual care service in 2018. This is expected to boost the substantial growth of the real-time segment. Based on end-user, the market is fragmented into Providers, Payers, Patients, and Others. The Providers segment is anticipated to observe lucrative growth of more than 41.2% due to the extreme rise in the number of virtual visits.
For a better understanding of the market adoption of telemedicine, detailed regional level analysis id done for major regions including North America (US, Canada, and Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of APAC), and Rest of World. North America dominates the market, owing to chaotic schedules, busy and fast lifestyle, and increasing awareness about the benefit of telemedicine technology. Some of the major players operating in the market include MDlive, Inc., SteadyMD, Inc., Maven, Inc., HealthTap, Inc., BioTelemetry, Inc., American Well, CVS Health, Teladoc Health, Inc, Doctor On Demand, Inc, Plantronics, Inc. (Polycom), etc. Several M&As along with Partnerships have been undertaken by these players to boost their presence in different regions.
The global Telemedicine market have witness high adoption in 2020, compatred to 2019, and is projected to expand significantly from 2021F to 2027F. The market is expected to witness a boost on Increasing patient pool and higher teleconsultation are augmenting the need for Telemedicine globally. Ongoing investments would drive the growth of telemedicine sector worldwide.
Telemedicine is termed as process of distributing healthcare services virtually. In the digital world Telemedicine is considered to the most adaptable technology available that helps accessing health education, health information and health care at a distance. Other advancements in the category includes patient-centric care and increased admittance to remote locations. It not only benefits patients to connect to doctors or hospitals remotely but it also diminishes the cost in healthcare. For instance, Patients in rural areas have inadequate access to medical professionals; on average, only 40 specialists are serving 100,000 rural population, globally. Emerging adoption of telemedicine across end-users' is helping in the market growth. According to Massachusetts General Hospital, 79% of patients stated that scheduling a telemedicine follow-up visit was easier and more suitable than arranging an in-person follow-up. Moreover, the hospitals are emerging and have begun implementing telemedicine in their practice. According to the annual survey of the American Hospital Association (AHA), in 2019, the Use of telehealth in hospitals has grown significantly from 35% in 2010 to 76% in 2018. Also, implementation of remote patient monitoring capabilities at hospitals has grown from 43.1% in 2015 to 61.2% in 2017. Virtual care technology saves patients time and money, by reducing patient transfers, emergency department and urgent care center visits, and delivers savings to payers. Besides this, telemedicine helps to address physician exhaustion by decreasing clinician's drive times and permitting more time for patients. Telemedicine allows Remote patient monitoring and live videoconferencing facility between patient and doctors. According to the Vidyo Telehealth Adoption Survey 2019, 46% of surveyed health care providers (hospitals and clinics) use live videoconferencing, and 41% used RPM to deliver medical care.
Insights Presented in the Report
?Amongst Service, Tele-consultation service holds the largest market share in 2020."
Based on Service, the market is fragmented into Tele-consulting, Tele-monitoring, and Tele-education. It is anticipated that Tele-consultation service would maintain its dominance owing to telemedicine applications that support health provider's stay connected with their patients are more appreciated and appropriate than they have ever been.
?Amongst Specialty, Mental health is anticipated to grow at the highest CAGR during the analyzed period"
Based on specialty, the market is fragmented into Cardiology, Neurology, Dermatology, Gynecology, Orthopedics, Mental health, and Others. In 2020, the Mental health or Telepsychiatry segment accounted for a maximum market revenue by adding 21% to previous year revenue.
?Amongst Delivery mode, Mobile/Web is anticipated to grow at the highest CAGR during the analyzed period"
Based on Delivery mode, the market is fragmented into Mobile/Web and Call centers. The Web/Mobile segment accounted for the major revenue share, accounting for 75.2% share in 2020. The segment is anticipated to observe significant growth in the upcoming years through offering direct admittance to care delivery solutions.
?Amongst Modality, Real-time segment holds the major share"
Based on Modality, the market is fragmented into Real-time, Store and Forward, and others. The real-time segment is anticipated to observe profitable growth due to the extreme rise in the number of virtual visits. According to the On-demand Virtual Care Benchmark Survey, 32.1% of doctors in the US had an on-demand virtual care service in 2018. This is expected to boost the substantial growth of the real-time segment.
?Amongst end-user, the Provider's Segment holds the major share in 2020."
Based on end-user, the market is fragmented into Providers, Payers, Patients, and Others. The Providers segment is anticipated to observe lucrative growth of more than 41.2% due to the extreme rise in the number of virtual visits.
?North America signifies one of the largest markets of Telemedicine Market"
For a better understanding of the market adoption of telemedicine, detailed regional level analysis id done for major regions including North America (US, Canada, and Rest of North America), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America dominates the market, owing to chaotic schedules, busy and fast lifestyle, and increasing awareness about the benefit of telemedicine technology.
Competitive Landscape:
Some of the major players operating in the market include MDlive, Inc., SteadyMD, Inc., Maven, Inc., HealthTap, Inc., BioTelemetry, Inc., American Well, CVS Health, Teladoc Health, Inc, Doctor on Demand, Inc, Plantronics, Inc. (Polycom), etc. Several M&As along with Partnerships have been undertaken by these players to boost their presence in different regions.
Reasons to buy this report:
? The study includes market sizing and forecasting analysis validated by authenticated key industry experts
? The report presents a quick review of overall industry performance at one glance
? The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
? Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
? The study comprehensively covers the market across different segments
? Deep dive regional level analysis of the industry
Customization Options:
Telemedicine Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
1 MARKET INTRODUCTION
1.1 Market Definitions
1.2 Objective of the Study
1.3 Limitation
1.4 Stake Holders
1.5 Currency Used in Report
1.6 Scope of the Global Telemedicine Market Study
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1 Research Methodology for the Global Telemedicine Market
2.1.1 Main Objective of the Global Telemedicine Market
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 TOP START-UPS UNDER TELEMEDICINE SECTOR
6 TELEMEDICINE AMID COVID-19
7 GLOBAL TELEMEDICINE MARKET REVENUE (USD BN), 2019-2027F
8 MARKET INSIGHTS BY SERVICE
8.1 Tele-Consulting
8.2 Tele-Monitoring
8.3 Tele-Education
9 MARKET INSIGHTS BY SPECIALTY
9.1 Cardiology
9.2 Neurology
9.3 Dermatology
9.4 Gynecology
9.5 Orthopedics
9.6 Mental Health
9.7 Others
10 MARKET INSIGHTS BY DELIVERY MODE
10.1 Web/Mobile
10.1.1 Telephonic
10.1.2 Visualized
10.2 Call Centers
11 MARKET INSIGHTS BY MODALITY
11.1 Real-time
11.2 Store and Forward
11.3 Others
12 MARKET INSIGHTS BY END-USER
12.1 Providers
12.2 Payers
12.3 Patients
12.4 Others
13
MDlive
Inc.
SteadyMD
Inc.
Maven
Inc.
HealthTap
Inc.
BioTelemetry
Inc.
American Well
CVS Health
Teladoc Health
Inc
Doctor on Demand
Inc
Plantronics
Inc. (Polycom)