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Published Date: 2014-09-01Number of Pages: 100

Telemedicine Market (Specialty, Cardiology, Dermatology, Neurology, Orthopedics, Emergency Care, Internal Medicine, Gynecology, and Others) and Services (Tele-Consultation, Tele-Monitoring, Tele-Education, Tele-Training, Tele-Care, and Tele-Surgery) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020


It is often said that no matter what happens to the global financial scenario, the healthcare industry shall see a constant growth so long as the population grows; this is because healthcare belongs to the necessity category for humans besides essential food grains. Traditional medical practices have been followed since the time of Hippocrates, which generally involved patients traveling to the locale of the physician and waiting for a long period of time to get an appointment with the doctor. This proved to be a hindrance that humans conveniently evolved, so as to preserve order in the system of medicine. Serious cases were tended to on a priority basis and were followed by the elite customers who had the capital to leisurely finance their medical expenses promptly. This system affected the common man who had any minor, non-life threatening malaise that wasn’t a priority. Geriatric patients too were neglected merely on the fact that they had already passed their lifetime. Modern day medicine however did not see any discrimination, but the central factor of travelling to a physician and waiting for an appointment still persisted. Telecommunication technology paved way for a revolutionary change in the medical sector with mobile, smartphones, computers, radio, and the internet. Telemedicine became an amalgamation of medical sciences and telecommunication technology, thereby extending the reach of medical assistance to areas and locations that were previously difficult to access instantaneously. It also provided the convenience of home or clinic to patients and medical practitioners respectively. Telemedicine greatly increased the scope of healthcare industry by providing emergency care and saving lives globally. It is therefore agreed in a consensus among medical practitioners and patients alike that telemedicine is bound to open huge opportunities in increasing the global quality of healthcare.

The telemedicine market is primarily categorized into medical specialty and service process offered. The specialty segment includes: cardiology, neurology, dermatology, orthopedics, emergency care, internal medicine, gynecology and the other specialty areas that includes: gastroenterology, pediatric care, ophthalmology and dentistry. Dermatology is the clear segment leader in terms of market revenue among the medical specialty segments in telemedicine. This is in correlation with the CDC study that suggested dermatology cases to be among the most reported cases in an ER. The neurology segment is witnessing the fastest growth owing to the rising number of stroke, Alzheimer’s and Parkinson’s cases. Cardiology, orthopedics, emergency care, and internal medicine segments however will undergo reserved growth during the forecast period. The areas such as dentistry, pediatric care and ophthalmology will demonstrate great growth potential and are expected to continue growing in the future with increasing prevalence of related diseases.

Among the various services of telemedicine, tele-consultation leads the present telemedicine market in 2013. On the other hand, tele-monitoring is expected to exhibit the highest growth rate for the forecast period. This was attributed to the growing geriatric and disabled populations who are commonly diagnosed with diabetes and cardiovascular complications. Neurological complications such as stroke, Alzheimer’s and Parkinson’s represent the other reason for the requirement of continuous monitoring of patients. Tele-education, tele-training and tele-surgery are the recent additions to telemedicine that have an attractive growth potential; however they consist of a smaller fraction of the overall global telemedicine market. Tele-care is a well known segment among telemedicine users and providers alike, it mainly comprises chronic and acute care and rehabilitation services offered to home bound patients worldwide.

Geographically, North America was the largest telemedicine market in terms of revenue for the year 2013 followed by the Asia Pacific region. The Asia Pacific region also exhibited the fastest growth rate was and is expected to lead the global market by the end of the decade. Rising populations in rural and urban areas and increased government initiatives are the primary reasons why this region boasts of a high growth rate. This coupled with the existence of a large number of technology manufacturing units in this region offering cheaper equipment, shall ensure steady market penetration and market growth for the future.  

The telemedicine market is observed to be a highly diverse market with the presence of a large number of big and small players. However a noted few players present themselves as the largest telemedicine companies globally. These include, CISCO Systems, Inc., AMD Global Telemedicine, Inc., Polycom Corp. and McKesson Corporation, to name a few. Among these, CISCO Systems, Inc was found to have the largest global presence, offering a wide range of telemedicine services worldwide. Their market presence in emerging markets and expertise in providing software solutions paved the way to their stronghold in the industry. The other companies include, Agfa HealthCare NV, Allscripts Healthcare Solutions, Inc., AMD Global Telemedicine, Inc., CARDIOCOM, LLC, CISCO Systems, Inc., F. Hoffmann-La Roche Ltd., Honeywell HomMed LLC, InTouch Technologies, Inc., LifeWatch AG, Medtronic, Inc., OBS Medical Ltd., Siemens Healthcare, and McKesson Corp.

global-telemedicine-market


Chapter 1 Introduction
1.1 Report Description
1.1 Research Methodology
1.2 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Telemedicine Market
2.2 Global Telemedicine Market, by Specialty, 2013 (USD Million)
2.3 Global Telemedicine Market, by Service Type, 2013 (USD Million)
2.4 Comparative Analysis: Global Telemedicine Market, by Geography, 2013 & 2020 (Value %)

Chapter 3 Market Overview
3.1 Introduction
3.2 Market Dynamics
      3.2.1 Market Drivers
              3.2.1.1 Cost & time efficiency seen as the major factor for increased favor among both rural and urban healthcare institutions
              3.2.1.2 Increasing demand for personal healthcare and privacy key in promoting usage of telemedicine
              3.2.1.3 Growth of techno savvy individuals shifts public preference from traditional medicine to telemedicine
              3.2.1.4 Increased government spending and reimbursement policies to boost telemedicine preference.
     3.2.2 Market Restraints
              3.2.2.1 Dearth of dedicated medical staff exclusive for telemedicine
              3.2.2.2 Delayed response time exhibited by some forms of telemedicine hampering overall industry image
              3.2.2.3 Inadequate/Incomplete assessment being reported by some patients and medical practitioners
     3.2.3 Market Opportunities
              3.2.3.1 Proliferation of mobile telecommunication technology to boost coverage of patient pool in rural markets worldwide
              3.2.3.2 Advanced imaging and telemedicine technology to boost patient assessment and thereby the global market
3.3 Porters Five Forces Analysis: Global Telemedicine Market
      3.3.1 Bargaining Power of Suppliers
      3.3.2 Bargaining Power of Buyers
      3.3.3 Threat of New Entrants
      3.3.4 Threat of Substitutes
      3.3.5 Competitive Rivalry
3.4 Market Attractiveness Analysis of the Global Telemedicine Market, by Geography
3.5 Heat Map Analysis for Telemedicine Market, by Key Market Players and Regional presence
      3.5.1 Heat Map Analysis for Global Telemedicine Market, by Key Market Players and Regional Presence

Chapter 4 Global Telemedicine Market, by Specialty
4.1 Introduction
      4.1.1 Global Telemedicine Market Revenue, by Specialty, 2012-2020 (USD Million)
4.2 Cardiology
      4.2.1 Global Telemedicine Market Revenue in Cardiology, 2012-2020 (USD Million)
4.3 Dermatology
      4.3.1 Global Telemedicine Market Revenue in Dermatology, 2012-2020 (USD Million)
4.4 Neurology
      4.4.1 Global Telemedicine Market Revenue in Neurology, 2012-2020 (USD Million)
4.5 Gynecology
      4.5.1 Global Telemedicine Market Revenue in Gynecology, 2012-2020 (USD Million)
4.6 Orthopedics
      4.6.1 Global Telemedicine Market Revenue in Orthopedics, 2012-2020 (USD Million)
4.7 Emergency care
      4.7.1 Global Telemedicine Market Revenue in Emergency Care, 2012-2020 (USD Million)
4.8 Internal Medicine
      4.8.1 Global Telemedicine Market Revenue in Internal Medicine, 2012-2020 (USD Million)
4.9 Others
      4.9.1 Global Telemedicine Market Revenue in Others, 2012-2020 (USD Million)

Chapter 5 Global Telemedicine Market, by Service Type
5.1 Overview
      5.1.1 Global Telemedicine Market Revenue, by Service Type, 2012-2020 (USD Million)
5.2 Tele-consultation
      5.2.1 Global Tele-Consultation Market Revenue, 2012-2020 (USD Million)
5.3 Tele-Monitoring
      5.3.1 Global Tele-Monitoring Market Revenue, 2012-2020 (USD Million)
5.4 Tele-Education
      5.4.1 Global Tele-Education Market Revenue, 2012-2020 (USD Million)
5.5 Tele-Training
      5.5.1 Global Tele-Training Market Revenue, 2012-2020 (USD Million)
5.6 Tele-Care
      5.6.1 Global Tele-Care Market Revenue, 2012-2020 (USD Million)
5.7 Tele-Surgery
      5.7.1 Global Tele-Surgery Market Revenue, 2012-2020 (USD Million)

Chapter 6 Global Telemedicine Market, by Geography
6.1 Overview
      6.1.1 Global Telemedicine Market, by Geography, 2012 – 2020 (USD Million)
6.2 North America
      6.2.1 North America Telemedicine Market Revenue, by Specialty, 2012 – 2020 (USD Million)
      6.2.2 North America Telemedicine Market Revenue, by Service Type, 2012 – 2020 (USD Million)
      6.2.3 North America Telemedicine Market Revenue, 2012 - 2020 (USD Million)
6.3 Europe
      6.3.1 Europe Telemedicine Market Revenue, by Specialty, 2012 – 2020 (USD Million)
      6.3.2 Europe Telemedicine Market Revenue, by Service Type, 2012 – 2020 (USD Million)
      6.3.3 Europe Telemedicine Market Revenue, 2012 - 2020 (USD Million)
6.4 Asia Pacific
      6.4.1 Asia Pacific Telemedicine Market Revenue, by Specialty, 2012 – 2020 (USD Million)
      6.4.2 Asia Pacific Telemedicine Market Revenue, by Service Type, 2012 – 2020 (USD Million)
      6.4.3 Asia Pacific Telemedicine Market Revenue, 2012 - 2020 (USD Million)
6.5 Rest of the World
      6.5.1 RoW Telemedicine Market Revenue, by Specialty, 2012 – 2020 (USD Million)
      6.5.2 RoW Telemedicine Market Revenue, by Service Type, 2012 – 2020 (USD Million)
      6.5.3 RoW Telemedicine Market Revenue, 2012 - 2020 (USD Million)

Chapter 7 Recommendations
7.1 Success Strategies (Key Focus Areas)

Chapter 8 Company Profiles
8.1 Aerotel Medical Systems Ltd.
      8.1.1 Company Overview
      8.1.2 Financial Overview
      8.1.3 Product Portfolio
      8.1.4 Business Strategies
      8.1.5 Recent Developments
8.2 Allscripts Healthcare Solutions, Inc.
      8.2.1 Company Overview
      8.2.2 Financial Overview
      8.2.3 Product and Service Portfolio
      8.2.4 Business Strategies
      8.2.5 Recent Developments
8.3 AMD Global Telemedicine, Inc.
      8.3.1 Company Profile
      8.3.2 Financial Overview
      8.3.3 Product Portfolio
      8.3.4 Business Strategies
      8.3.5 Recent Developments
8.4 CARDIOCOM, LLC
      8.4.1 Company Overview
      8.4.2 Financial Overview
      8.4.3 Product Portfolio and Services
      8.4.4 Business Strategies
      8.4.5 Recent Developments
8.5 Cisco Systems, Inc.
      8.5.1 Company Overview
      8.5.2 Financial Overview
      8.5.3 Product and Service Portfolio
      8.5.4 Business Strategies
      8.5.5 Recent Developments
8.6 F. Hoffmann-La Roche Ltd.
      8.6.1 Company Overview
      8.6.2 Financial Overview
      8.6.3 Product Portfolio
      8.6.4 Business Strategies
      8.6.5 Recent Developments
8.7 Honeywell HomMed LLC
      8.7.1 Company Overview
      8.7.2 Financial Overview
      8.7.3 Product and Service Portfolio
      8.7.4 Business Strategies
      8.7.5 Recent Developments
8.8 InTouch Technologies, Inc.
      8.8.1 Company Overview
      8.8.2 Financial Overview
      8.8.3 Product and Service Portfolio
      8.8.4 Business Strategies
      8.8.5 Recent Developments
8.9 LifeWatch AG
      8.9.1 Company Overview
      8.9.2 Financial Overview
      8.9.3 Product Portfolio
      8.9.4 Business Strategies
      8.9.5 Recent Developments
8.10 McKesson Corporation
      8.10.1 Company Overview
      8.10.2 Financial Overview
      8.10.3 Product and Service Portfolio
      8.10.4 Business Strategies
      8.10.5 Recent Developments
8.11 OBS Medical Ltd.
      8.11.1 Company Overview
      8.11.2 Financial Overview
      8.11.3 Product Portfolio
      8.11.4 Business Strategies
      8.11.5 Recent Developments
8.12 Philips Healthcare
      8.12.1 Company Overview
      8.12.2 Financial Overview
      8.12.3 Product and Service Portfolio
      8.12.4 Business Strategies
      8.12.5 Recent Developments
8.13 Polycom, Inc.
      8.13.1 Company Overview
      8.13.2 Financial Overview
      8.13.3 Product Portfolio
      8.13.4 Business Strategies

List of Figures

FIG. 1 Global Telemedicine Market Segmentation
FIG. 2 Global Telemedicine Market, by Specialty, 2013 (USD Million)
FIG. 3 Global Telemedicine Market, by Service Type, 2013 (USD Million)
FIG. 4 Comparative Analysis: Global Telemedicine Market, by Geography, 2013 & 2020 (Value %)
FIG. 5 Global Telemedicine Market: Drivers and Restraints
FIG. 6 Porter’s Five Forces Analysis: Global  Telemedicine  Market
FIG. 7 Market Attractiveness Analysis: Global Telemedicine Market, by Geography
FIG. 8 Global Telemedicine Market, by Key Market Players and Regional Presence
FIG. 9 Global Telemedicine Market Revenue in Cardiology, 2012 – 2020 (USD Million)
FIG. 10 Global Telemedicine Market Revenue in Dermatology, 2012 – 2020 (USD Million)
FIG. 11 Global Telemedicine Market Revenue in Neurology, 2012 – 2020 (USD Million)
FIG. 12 Global Telemedicine Market Revenue in Gynecology, 2012 – 2020 (USD Million)
FIG. 13 Global Telemedicine Market Revenue in Orthopedics, 2012 – 2020 (USD Million)
FIG. 14 Global Telemedicine Market Revenue in Emergency Care, 2012 – 2020 (USD Million)
FIG. 15 Global Telemedicine Market Revenue in Internal Medicine, 2012 – 2020 (USD Million)
FIG. 16 Global Telemedicine Market Revenue in Others, 2012 – 2020 (USD Million)
FIG. 17 Global Tele-Surgery Market Revenue, 2012 – 2020 (USD Million)
FIG. 18 Global Tele-Monitoring Market Revenue, 2012 – 2020 (USD Million)
FIG. 19 Global Tele-Education Market Revenue, 2012 – 2020 (USD Million)
FIG. 20 Global Tele-Training Market Revenue, 2012 – 2020 (USD Million)
FIG. 21 Global Tele-Care Market Revenue, 2012 – 2020 (USD Million)
FIG. 22 Global Tele-Surgery Market Revenue, 2012 – 2020 (USD Million)
FIG. 23 North America Telemedicine Market Revenue, 2012 - 2020 (USD Million)
FIG. 24 Europe Telemedicine Market Revenue, 2012 - 2020 (USD Million)
FIG. 25 Asia Pacific  Telemedicine Market Revenue, 2012 - 2020 (USD Million)
FIG. 26 RoW Telemedicine Market Revenue, 2012 - 2020 (USD Million)
FIG. 27 Allscripts Healthcare Solutions, Inc.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 28 Cisco Systems, Inc.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 29 F. Hoffmann-La Roche Ltd.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 30 Honeywell HomMed LLC: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 31 LifeWatch AG:  Annual Revenue, 2011 – 2013 (USD Million)
FIG. 32 McKesson Corporation: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 33 Philips Healthcare: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 34 Polycom, Inc.: Annual Revenue, 2011 – 2013 (USD Million)

List of Tables

TABLE 1 Market Snapshot: Global Telemedicine Market
TABLE 2 Global Telemedicine Market Revenue, by Specialty, 2012-2020 (USD Million)
TABLE 3 Global Telemedicine Market Revenue, by Service Type, 2012-2020 (USD Million)
TABLE 4 Global Telemedicine Market Revenue, by Geography, 2012 – 2020 (USD Million)
TABLE 5 North America Telemedicine Market Revenue, by Specialty, 2012–2020 (USD Million)
TABLE 6 North America Telemedicine Market Revenue, by Service Type, 2012–2020 (USD Million)
TABLE 7 Europe Telemedicine Market Revenue, by Specialty, 2012–2020 (USD Million)
TABLE 8 Europe Telemedicine Market Revenue, by Service Type, 2012–2020 (USD Million)
TABLE 9 Asia Pacific Telemedicine Market Revenue, by Specialty, 2012–2020 (USD Million)
TABLE 10 Asia Pacific Telemedicine Market Revenue, by Service Type, 2012–2020 (USD Million)
TABLE 11 RoW Telemedicine Market Revenue, by Specialty, 2012–2020 (USD Million)
TABLE 12 RoW Telemedicine Market Revenue, by Service Type, 2012–2020 (USD Million)

Telemedicine is the evolved format of traditional medicine that provides medical care to millions of individuals worldwide with the benefits of cost efficiency and convenience of location. The basic difference between traditional healthcare technology and telemedicine is the use of telecommunication technology to provide patients and medical practitioners the convenience of location, cost and time. With the advent of communication technology in medical sciences, telemedicine revolutionized the overall framework of healthcare. Patients were no longer subjected to travel or waiting periods and could seek medical attention at the comfort of their homes. This greatly changed the perception of medical practice, which is the major reason why telemedicine is currently considered synonymous with general medicine. Telemedicine involves the use of mobile communication technology and image/video transfer technology via the internet. The internet has provided the basis for information exchange, which is stored and maintained by the servers present at either hospitals or telemedicine service provider company at a nominal cost.  
 
This research report provides a detailed analysis of the global telemedicine market and helps in understanding the various factors influencing the growth of the market. The market overview section analyzes market dynamics and trends such as drivers, restraints and opportunities that influence the current nature and future status of the global telemedicine market. The executive summary provides detailed insights about this study and the market in general. It also contains a market snapshot, which provides a glimpse into the present scenario of the global telemedicine market. Impact factors such as market attractiveness analysis and Porter’s five forces analysis have also been explained in the market overview section of the report in order to deliver a thorough analysis of the overall competitive scenario of the global telemedicine market. 

The global telemedicine market is segmented based on medical specialty areas and type of services being offered/used. Based on the type of specialties, the market is segmented into cardiology, neurology, dermatology, orthopedics, emergency care, internal medicine, gynecology and other specialty areas namely gastroenterology, pediatric care, ophthalmology and dentistry. Based on type of services being offered/ used, the market is categorized into tele-consultation, tele-monitoring, tele-education, tele-training, tele-care, and tele-surgery. Market size estimates and forecasts for the period 2012 to 2020 have been provided for each of the segments mentioned above in terms of USD million, considering 2013 as the base year for calculating market forecast and 2012 as the historical year. The CAGR (%) of each market segment for the forecast period 2014 to 2020 has also been provided along with market size estimations.

Geographically, the global telemedicine market has been segmented into four major regions: North America, Europe, Asia Pacific and Rest of World (RoW), with Russia being included in the RoW region. The market size estimations and forecasts for the period 2012 to 2020 have been provided for each of these regions at a segment level, in terms of USD million along with the CAGR for the forecast period 2014 to 2020. This study further offers strategic recommendations for the global telemedicine market. These include factors that may play a critical role in enhancing or boosting the market in the near future, as well as steps that need to be considered to ensure success for manufacturers. 

The report concludes with the company profiles section and includes key information about the major players who are actively participating in this market. The company profiles included in the report is framed in terms of company overview, financial overview, business strategies, recent developments and product portfolio. Key players profiled in this report include Agfa HealthCare NV, Allscripts Healthcare Solutions, Inc., AMD Global Telemedicine, Inc., CARDIOCOM, LLC, CISCO Systems, Inc., F. Hoffmann-La Roche Ltd., Honeywell HomMed LLC, InTouch Technologies, Inc., LifeWatch AG, Medtronic, Inc., OBS Medical Ltd., Siemens Healthcare, and McKesson Corp.

The global telemedicine market is segmented as follows:
  • Telemedicine Market, by Specialty
    • Cardiology
    • Dermatology
    • Neurology
    • Orthopedics
    • Emergency Care
    • Internal Medicine
    • Gynecology
    • Others
  • Telemedicine Market, by Service Type
    • Tele-consultation
    • Tele-monitoring
    • Tele-education
    • Tele-care
    • Tele-training
    • Tele-surgery
  • Telemedicine Market, by Geography
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)


 
 
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