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Transparency Market
Research
Telemedicine Market - Global Industry Analysis, Size,
Share, Growth, Trends and Forecast, 2014 - 2020
Published Date
100 Page Report
01-Sep-2014
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Press Release
Telemedicine Market Expected to Reach USD 36.3 Billion globally

by 2020
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Telemedicine Market
REPORT DESCRIPTION
Telemedicine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2014 - 2020
According to a new market report published by Transparency Market Research Telemedicine Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020, the global telemedicine
market was valued at USD 14.3 billion in 2013 and is expected to grow at a CAGR of 14.3% in the
forecast period from 2014 to 2020, to reach an estimated value of USD 36.3 billion in 2020.
Traditional medical practices have been followed since the time of Hippocrates, which generally involved
patients traveling to the physician locale and waiting for a long period of time to get treatment. However,
hospitals today have reduced waiting time considerably with the help of modern technologies such as
telephonic appointments. The central factor of travelling to a healthcare facility and waiting for an
appointment still persists in most medical institutions across the world hence, in order to suffice the unmet
medical
needs
of
people
healthcare
facilities
have
amalgamated
medical
science
and
instant
communication technology to create a novel mode of diagnosis and treatment; which is now known as
telemedicine.
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According to the Health Care Cost Institutes (HCCI) report for U.S in 2011, the per capita spending on
healthcare increased by 4.6% from 2010, however the outpatient growth had reduced from 8% (20092010) to 6.8% in 2011. This clearly signified the change in trend among patients, with increased
preference for home based telemedicine services. The safety and convenience of home based telemedicine
was seen as the primary favoring factor for using telemedicine. The decreased risk of acquiring hospital
infections is seen as the other factor responsible for choosing telemedicine over traditional medicine.
The global telemedicine market has been primarily segmented in terms of specialty and services offered.
Based on medical specialty the market has been further segmented into cardiology, neurology,
dermatology, orthopedics, emergency care, internal medicine, gynecology and other specialty areas such
as gastroenterology, pediatric care, ophthalmology and dentistry. Dermatology emerged as the segment
Telemedicine Market
leader in terms of market revenue among the medical specialty segments, accounting for approximately
USD 2.0 billion in 2013. This corresponds with the Center for Disease Control (CDC) study that suggested
dermatology cases to be among the most reported cases in an Emergency Room (ER). The highest growth
rate however was attributed to the neurology segment that displayed a CAGR of 15.9% during the
forecast period, which was mainly attributed to the large number of strokes, Alzheimers and Parkinsons
cases. Psychiatry is also one aspect included in neurology and globally; psychiatry problems are often
included within neurological or neurodegenerative segment, hence providing for a large patient pool in
neurology. Psychiatry consultations are also the most frequently recorded form of neurological
consultations worldwide.
By service type, tele-consultation showed the highest market revenue in 2013. Medical consultation
services are the most common form of telemedicine used by physicians worldwide for differential diagnosis
consultation. Video conferencing and telecommunication services like mobile phone, etc. are the favored
forms of telemedicine consultation. Tele-monitoring exhibited the highest growth rate at a CAGR of over
15%. This growth is in correspondence with the large number of diabetic and disability patients in the
world, which are rising with every passing year. Metabolic disorders like diabetes and other congenital
diseases are the primary reason to activate constant monitoring among patients. Insulin injections and
blood metabolite monitoring procedures are performed by devices which are then used to extrapolate the
patients health.
In terms of geography, North America accounted for the largest share of the telemedicine market in the
year 2013. This is attributed to factors such as country wide implementation of telemedicine and the
presence of a majority of telemedicine service providers who have established their base of operation in
the U.S. The fastest market growth rate was however exhibited by the Asia Pacific region, which is
expected to grow with a CAGR of more than 16%. The ever growing population in developing and
developed countries provides a large market for telemedicine, primarily because of the increased reach of
telemedicine services and access to modern communication infrastructure in rural and developing regions.
A majority of the developing worlds population lives in rural areas and is therefore inaccessible to proper
healthcare. Besides convenience of location and cost efficiency, increased government initiatives are also
supplementing the high growth. Additionally, the existence of a large number of technology manufacturing
units in this region offering cheaper equipment ensures competitive service pricing and steady market
penetration. These factors in combination are expected to assist in the growth of the Asia Pacific market
during the forecast period.
Telemedicine Market
The presence of a significant number of large and small players makes for a highly diverse and
fragmented telemedicine market. 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, companies such as CISCO
systems and AMD Global Telemedicine Inc. are the leading global companies in telemedicine. For instance,
CISCO offers a wide range of TelePresence products and services in order to serve remote patient care and
minimize the distance between patient and the healthcare experts through network managed services.
The company has prominent presence in countries such as United States, Belgium, China, France, India,
U.K., Japan and Italy. CISCOs health presence software is a healthcare exclusive program, designed
specifically to cater the needs of medical professionals and healthcare institutions worldwide. Likewise,
AMD offers integrated high-definition video, advanced audio, third-party medical devices, and collaboration
tools that provide convenience, efficiency and high quality patient care with high degree of data security
as well as privacy.
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The global telemedicine market is segmented as follows:
Global Telemedicine Market, by Specialty
Cardiology
Dermatology
Neurology
Orthopedics
Emergency Care
Internal Medicine
Gynecology
Others
Telemedicine Market
Global Telemedicine Market, by Service
Tele-consultation
Tele-monitoring
Tele-education
Tele-care
Tele-training
Tele-surgery
Global Telemedicine Market, by Geography

- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
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TABLE OF CONTENT
Chapter 1 Introduction
1.1 Report Description
1.1 Research Methodology
1.2 Market Segmentation
Telemedicine Market
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
Telemedicine Market
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)
Telemedicine Market
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)
Telemedicine Market
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)
Telemedicine Market
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.
8.2.3 Product and Service Portfolio
8.3 AMD Global Telemedicine, Inc.
8.3.1 Company Profile
10
Telemedicine Market

8.4 CARDIOCOM, LLC
8.4.3 Product Portfolio and Services
8.5 Cisco Systems, Inc.
8.6 F. Hoffmann-La Roche Ltd.
8.7 Honeywell HomMed LLC
11
Telemedicine Market

8.8 InTouch Technologies, Inc.
8.9 LifeWatch AG
8.10 McKesson Corporation
12
Telemedicine Market

8.11 OBS Medical Ltd.
8.12 Philips Healthcare
8.13 Polycom, Inc.
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Telemedicine Market
About Us
Transparency Market Research is a market intelligence company providing global business information
reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers.
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use
proprietary data sources and various tools and techniques to gather, and analyze information. Our
business offerings represent the latest and the most reliable information indispensable for businesses to
sustain a competitive edge.
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100 Page Report

Telemedicine Market Expected to Reach USD 36.3 Billion globally