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North America Telemedicine Market Research Report – Segmented By Technology, Service, Application, End User & Country (U.S, Canada & Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 76
Pages: 136

North American Telemedicine Market Size & Growth (2022 to 2027)

The North America Telemedicine Market Size is valued at USD 12.42 billion in 2022 and is projected to reach 30.26 billion by 2027 with a compound annual growth rate of 19.50% during the forecast period 2022 to 2027.

Telemedicine is also telehealth or e-health, which offers healthcare services using electronic communication systems, medical imaging, diagnosis and evaluations, and video consultations with the healthcare professional. 

Telemedicine medicine offers significant opportunities for healthcare professionals and patients. In addition, it enables remote location healthcare services such as expertise quickly and efficiently. Telemedicine is gaining momentum across North America due to increasing personal medical care. 

Increasing awareness among the people about remote patient monitoring and the benefits associated is more likely to accelerate the demand for the Telemedicine market across North America during the forecast period.

The market growth is fueled due to the increasing prevalence of chronic diseases, the geriatric population, and the rising demand to minimize healthcare expenditure. 

Chronic conditions in emerging countries such as the United States have become a burden. In addition, the growing adoption of mobile apps enables the patients and healthcare professionals to track and monitor the condition of the diseases, boosting the market growth. 

Technological advancements in the healthcare sector in the region are significantly supporting the market growth. On the other hand, owing to the penetration of the internet, increasing usage of telecommunications systems is accelerating market growth. As a result, digitalization is changing healthcare faster than ever before. According to the Economic Forum, the United States is likely to change the healthcare field due to digitalization significantly. 

However, the global pandemic covid-19 has created the need for Telemedicine because of the high prevalence of diseases and the shutdown in the region. In 2020 and 2021, The outbreak forced healthcare industries to adopt Telemedicine.  

Key players in the market are involved in implementing market strategies such as mergers, acquisitions, and partnerships to expand the regional market growth. However, few companies have adopted product innovation and new product launches as their key strategy to ensure their dominance in Telemedicine. 

However, the high cost of installation is expected to limit the market growth. In addition, security and privacy concerns and lack of knowledge and trust further restrain the market growth. 

This research report on the North American telemedicine market has been segmented and sub-segmented into the following categories.

By Type: 

  • Technology
    • Hardware
    • Software
    • Telecommunications
  • Service
    • Remote Patient Monitoring
    • Store-and-Forward
    • Real-Time Interactive

By Application: 

  • Tele-Cardiology
  • Tele-Radiology
  • Tele-Pathology
  • Tele-Dermatology
  • Tele-Neurology
  • Emergency Care
  • Home Health
  • Others

By Delivery Mode: 

  • Web-Based
  • Cloud-Based
  • Others

By End-Users: 

  • Tele-Hospitals
  • Tele-Homes
  • Others

By Country:

  • United States
  • Canada
  • Rest of North America

Geographically, North America Dominated the Global Telemedicine market over the forecast period. However, the market is anticipated to register a predominant share due to the acceleration of diseases. In addition, emerging markets such as the United States and Canada significantly contribute to the North American regional market growth. 

The U.S telemedicine market captured the majority share of North America. The high healthcare expenditure, growing awareness about Telemedicine, and the availability of advanced healthcare infrastructure boost the market growth. 

In the United States, chronic diseases have significant health and economic impacts. According to the Centers for Disease Control and Prevention (CDC), chronic and mental health diseases account for almost 90% of the $3.3 trillion in yearly health care costs in the United States. In addition, chronic diseases are expected to impact 164 million Americans by 2025, accounting for over half of the population.

The Canadian telemedicine market is projected to record a promising share during the forecast period. Telemedicine has been made available in Canada. The demand has been spread after the global pandemic COVID-19. The virtual healthcare expanded to protect Canadian during the doctors’ visits. The increasing prevalence of chronic diseases, investments by the government, and the growing usage of social media for provisional healthcare services are propelling the market growth. 

KEY MARKET PLAYERS

Promising Companies playing an active role in the North American telemedicine market profiled in this report are AMD Global Telemedicine, CISCO Systems, Inc., Medtronic, Inc., GE Healthcare (U.K.), and Honeywell Lifesciences, Philips healthcare, McKesson Corp, Aerotel Medical Systems, CardioComm, and Cerner Corporation.

  1. Introduction

                1.1 Market Definition                                                    

                1.2 Study Deliverables                                                  

                1.3 Base Currency, Base Year and Forecast Periods                                                          

                1.4 General Study Assumptions                                                

  1. Research Methodology

                2.1 Introduction                                                               

                2.2 Analysis Design                                                         

                2.3 Research Phases                                                      

                                2.3.1 Secondary Research                                           

                                2.3.2 Primary Research                                 

                                2.3.3 Econometric Modelling                                      

                                2.3.4 Expert Validation                                  

                2.4 Study Timeline                                                          

  1. Overview

                3.1 Executive Summary                                                

                3.2 Key Inferences                                                         

                3.3 New Developments                                               

  1. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

                4.1 Market Drivers                                                          

                4.2 Market Restraints                                                    

                4.3 Key Challenges                                                         

                4.4 Current Opportunities in the Market                                                              

  1. Market Segmentation

                5.1 By Type                                                        

                                5.1.1 By Technology                                       

                                                5.1.1.1 Hardware                             

                                                5.1.1.2 Software                              

                                                5.1.1.3 Telecommunications                       

                                5.1.2 By Service                                

                                                5.1.2.1 Tele-Monitoring                

                                                5.1.2.2 Store-and-Forward                          

                                                5.1.2.3 Real-Time Interactive                     

                5.3 By Applications                                                         

                                5.3.1 Tele-Cardiology                                     

                                5.3.2 Tele-Radiology                                      

                                5.3.3 Tele-Pathology                                      

                                5.3.4 Tele-Dermatology                                

                                5.3.5 Tele-Neurology                                     

                                5.3.6 Emergency Care                                   

                                5.3.7 Home Health                                          

                                5.3.8 Others                                      

                5.4 By Delivery Mode                                                    

                                5.4.1 Web-based                                             

                                5.4.2 Cloud-based                                           

                                5.4.3 Others                                      

                5.5 By End User                                                

                                5.5.1 Tele-Hospitals                                        

                                5.5.2 Tele-Homes                                            

                                5.5.3 Others                                      

  1. Geographical Analysis

                6.1 Introduction                                                               

                6.2 United States                                                            

                6.3 Canada                                                         

  1. Strategic Analysis

                7.1 PESTLE analysis                                                         

                                7.1.1 Political                                     

                                7.1.2 Economic                                 

                                7.1.3 Social                                         

                                7.1.4 Technological                                         

                                7.1.5 Legal                                          

                                7.1.6 Environmental                                       

                7.2 Porter’s Five analysis                                                              

                                7.2.1 Bargaining Power of Suppliers                                        

                                7.2.2 Bargaining Power of Consumers                                    

                                7.2.3 Threat of New Entrants                                     

                                7.2.4 Threat of Substitute Products and Services                                              

                                7.2.5 Competitive Rivalry within the Industry                                     

  1. Market Leaders' Analysis

                8.1 GE Healthcare                                                           

                                8.1.1 Overview                                 

                                8.1.2 Product Analysis                                   

                                8.1.3 Strategic Evaluation and Operations                                            

                                8.1.4 Financial analysis                                  

                                8.1.5 Legal issues                                             

                                8.1.6 Recent Developments                                       

                                8.1.7 SWOT analysis                                       

                                8.1.8 Analyst View                                          

                8.2 AMD Telemedicine                                                 

                8.3 CISCO Systems, Inc.                                                

                8.4 Medtronic, Inc.                                                         

                8.5 Honeywell Lifesciences                                                         

                8.6 Aerotel Medical Systems                                                      

                8.7 Philips healthcare                                                    

                8.8 McKesson Corp                                                        

                8.9 Cerner Corporation                                                 

                8.10 CardioComm                                                           

  1. Competitive Landscape

                9.1 Market share analysis                                                            

                9.2 Merger and Acquisition Analysis                                                       

                9.3 Agreements, collaborations and Joint Ventures                                                         

                9.4 New Product Launches                                                         

  1. Expert Opinions

                10.1 Market Outlook                                                     

                10.2 Investment Opportunities                                                 

     Appendix                                                                          

  1. List of Tables
  2. List of Figures
  1. North America Telemedicine Market By Region, From 2022 to 2027 (USD billion)
  2. North America Telemedicine Market By Type, From 2022 to 2027 (USD billion)
  3. North America Telemedicine Technology Market By Region, From 2022 to 2027 (USD billion)
  4. North America Telemedicine Services Market By Region, From 2022 to 2027 (USD billion)
  5. North America Telemedicine Market By Application, From 2022 to 2027 (USD billion)
  6. North America Tele-Cardiology Market By Region, From 2022 to 2027 (USD billion)
  7. North America Tele-Radiology Market By Region, From 2022 to 2027 (USD billion)
  8. North America Tele-Pathology Market By Region, From 2022 to 2027 (USD billion)
  9. North America Tele-Dermatology Market By Region, From 2022 to 2027 (USD billion)
  10. North America Tele-Neurology Market By Region, From 2022 to 2027 (USD billion)
  11. North America Emergency Care Market By Region, From 2022 to 2027 (USD billion)
  12. North America Home Health Market By Region, From 2022 to 2027 (USD billion)
  13. North America Other Applications Market By Region, From 2022 to 2027 (USD billion)
  14. North America Telemedicine Market By Delivery Mode, From 2022 to 2027 (USD billion)
  15. North America Web-based Market By Region, From 2022 to 2027 (USD billion)
  16. North America Cloud-based Market By Region, From 2022 to 2027 (USD billion)
  17. North America Other Delivery Modes Market By Region, From 2022 to 2027 (USD billion)
  18. North America Telemedicine Market By End Users, From 2022 to 2027 (USD billion)
  19. North America Tele-Hospitals Market By Region, From 2022 to 2027 (USD billion)
  20. North America Tele-Homes Market By Region, From 2022 to 2027 (USD billion)
  21. North America Telemedicine Technology Market By Type, From 2022 to 2027 ( USD billion )
  22. North America Telemedicine Hardware Market By Region, From 2022 to 2027 ( USD billion )
  23. North America Telemedicine Software Market By Region, From 2022 to 2027 ( USD billion )
  24. North America Telemedicine Telecommunications Market By Region, From 2022 to 2027 ( USD billion )
  25. North America Telemedicine Services Market By Type, From 2022 to 2027 ( USD billion )
  26. North America Tele-Monitoring Market By Region, From 2022 to 2027 ( USD billion )
  27. North America Store & Forward Telemedicine Market By Region, From 2022 to 2027 ( USD billion )
  28. North America Real-time Interactive Telemedicine Market By Region, From 2022 to 2027 ( USD billion )
  29. United States Telemedicine Market By Type, From 2022 to 2027 (USD billion)
  30. United States Telemedicine Market By Application, From 2022 to 2027 (USD billion)
  31. United States Telemedicine Market By Delivery Mode, From 2022 to 2027 (USD billion)
  32. United States Telemedicine Market By End Users, From 2022 to 2027 (USD billion)
  33. Canada Telemedicine Market By Type, From 2022 to 2027 (USD billion)
  34. Canada Telemedicine Market By Application, From 2022 to 2027 (USD billion)
  35. Canada Telemedicine Market By Delivery Mode, From 2022 to 2027 (USD billion)
  36. Canada Telemedicine Market By End Users, From 2022 to 2027 (USD billion)
  37. United States Telemedicine Technology Market By Type, From 2022 to 2027 ( USD billion )
  38. Canada Telemedicine Technology Market By Type, From 2022 to 2027 ( USD billion )
  39. United States Telemedicine Services Market By Type, From 2022 to 2027 ( USD billion )
  40. Canada Telemedicine Services Market By Type, From 2022 to 2027 ( USD billion )

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