Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multichannel Amplification
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

BIS Research Study Highlights the Global Telemedicine Market to Reach $123.0 Billion by 2030

This image opens in the lightbox

News provided by

BIS Research

01 Sep, 2020, 13:30 GMT

Share this article

Share toX

Share this article

Share toX

FREMONT, Calif., Sept. 1, 2020 /PRNewswire/ -- According to the new market intelligence report by BIS Research, "Global Telemedicine Market - Analysis and Forecast, 2019-2030", the global telemedicine market generated a revenue of $21.55 billion in 2019 and is estimated to grow over $123.0 billion by the end of 2030. The market is projected to grow at a CAGR of 17.16% during the forecast period from 2020 to 2030.

The comprehensive study of global telemedicine market by BIS Research extensively covers the following:

  • Market numbers on micro-segments that are influencing the market 
  • Insights from in-depth interviews with key opinion leaders of leading companies, market participants, and end users
  • Market share analysis of key participants (telemedicine software providers, remote patient monitoring device manufacturers, infrastructure and connectivity providers, and telemedicine service providers
  • Detailed global and regional market share analysis including the scrutiny of more than 20 countries

The detailed market study is a compilation of 17 Data Tables and 117 Figures spread through 238 Pages and in-depth TOC on "Global Telemedicine Market"

The study encompasses market growth drivers, opportunities, market restraining factors, competition mapping, and segmental analysis. The market report by BIS Research indicates that the increased patient demand for virtually-delivered care, increased reimbursement for remote care services (particularly in the U.S.), urgent need to reduce the cost of care, and increased regulatory approvals, among others, are fueling the growth of the market. 

The concept of telemedicine is not new and incepted during the 1950s. However, the technology could not enter the mainstream of healthcare delivery due to the lack of consumer demand, absence of reimbursement framework, security concerns, and high cost of infrastructure required to implement telemedicine programs.

However, the dynamic of the market has changed in the last three years due to a shift to direct-to-consumer telemedicine service, which gained significant attention from both investors and patients.  In conjunction to rising consumer adoption and technological advancements, the COVID-19 pandemic has also significantly bolstered the adoption of telemedicine. It has perhaps changed the ways patients and providers used to interact with each other.

View the Report from BIS Research at "Global Telemedicine Market "

Owing to the lockdown situation and social distancing measures to prevent the risk of infection, people are refraining from going to clinics and healthcare organizations to consult with doctors in-person. This situation has significantly increased the adoption of telemedicine among masses.

To gain a holistic view of the market, data from different segments of the market has been analyzed minutely. These segments include component types, types of technologies used, medical specialties, different modes of delivery, and regions. Each of these segments is further categorized into sub-segments and micro-segments to compile an in-depth study. 

Abdul Wahid, Principal Consultant - BIS Research, states, "Telemedicine has experienced a significant boost during the COVID-19 pandemic. With social distancing guidelines enforced by state and national governments around the world, telemedicine has become a "new normal" for healthcare delivery. During the pandemic, telemedicine sector witnessed numerous changes in terms of regulatory relaxations, reimbursement frameworks, and surge in demand for teleconsultations, among others. In developed countries, such as the U.S., the reimbursement and regulatory hurdles were removed. For example, on March 17th, the U.S. government expanded telehealth coverage for Medicare beneficiaries during COVID-19 Outbreak."

Request for a Sample: https://bisresearch.com/requestsample?id=940&type=download

This report is a meticulous compilation of research on more than 200 players in the market ecosystem. The report also profiles 15 leading companies in the telemedicine, space such as Teladoc Health Inc., Doctor On Demand, MDLIVE, Inc., American Well, Virtrial Inc., AMD Global Telemedicine, Inc., Poly, Koninklijke Philips N.V, General Electric Company (GE), International Business Machines Corporation (IBM), Crossover Health, Inc., Allscripts Healthcare Solutions, Inc., Cisco Systems, Inc., and Intel Corporation.

The study also offers strategic recommendations that can help organizations in tracking various products, trends, and technologies that are changing the dynamics of the market. The recommendations by BIS Research also offer bespoke research services to help organizations meet their objectives.

Who should buy this report?

  • Companies in the services market of telemedicine
  • Companies offering software solutions to hospitals/clinics
  • Manufacturers of remote monitoring equipment
  • Companies looking to venture into the telemedicine market

How can market intelligence on telemedicine add value to an organization's decision- making process?

  • Aid in product development
  • Help in targeting a segment for launching a new product
  • Offer go to market strategies for different source types
  • Support in diversifying the product portfolio basis risk and progression of technology
  • Help in analyzing technological substitutes and compare the specification
  • Aid in understanding the end-user requirement
  • Assist in exploring newer applications
  • Support in analyzing the competitors' funding scenario

Insightful Questions Covered to Enable Companies take Strategic Decisions

  1. How has COVID-19 impacted the global telemedicine market? How was the market prior to the COVID-19 pandemic?
  2. How are different social distancing norms and emerging work culture impacting the telemedicine market?
  3. What is the impact of telemedicine on medical practices in health systems during the COVID-19 situation?
  4. What are the revised regulatory and reimbursement related guidelines after the COVID-19 has struck?
  5. What are the major business models employed by companies in the global telemedicine market?
  6. What is the average cost of software, a device, and services in the telemedicine market?
  7. What are the emerging areas of application in the field of telemedicine?
  8. What is the degree of readiness for different geographies in terms of their digital infrastructure?
  9. What are the major opportunities market participants see in the telemedicine market in a post COVID-19 scenario?
  10. What was the total number of teleconsultation requests received by the leading players in the market, and what were the growth rates?
  11. How is the global telemedicine market expected to evolve in a post-COVID-19 scenario?
  12. What is the current market size of the global telemedicine market? How will the market evolve in terms of revenue during the forecast period?
  13. What are the ways through which companies can ensure working with an insurance company, to ensure an increased reach among masses?
  14. What are the major drivers and restraints for the market?
  15. What was the average number of tele-consultations, pricing, and reimbursement scenario (if any) by country, in 2019?
  16. What are the key developmental strategies implemented by the key players to sustain in the competitive market?
  17. What is the current market share of each of the companies in the global telemedicine market, and what are expected to be their contributions in 2030?
  18. What is the growth potential of telemedicine in each region, including North America, Europe, Asia-Pacific, Latin America, and Rest-of-the-World?

BIS Research Related Market Studies:

Global Teleradiology Services Market – Analysis and Forecast, 2018-2026

Global Digital Biomarkers Market- Analysis and Forecast, 2019-2025

About BIS Research 

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals. 

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management. 

BIS Research offers syndicate as well as, custom studies, and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape. 

BIS Healthcare scans, analyzes, and tracks markets to provide superior intelligence and consultations to its clients. Over the years, it has created a knowledge pool through whitepapers, analyst notes, case studies, and customized solutions.

BIS Healthcare caters to different facets of the healthcare industry, including Medical Devices, Digital Health, Life Sciences, Robotics and Imaging, Information Technology, Precision Medicine, and other emerging healthcare technologies, covering the entire industry spectrum.

Contact:

Bhavya Banga
Email: media@bisresearch.com
BIS Research Inc.
39111 PASEO PADRE PKWY STE 313,
FREMONT CA 94538-1686
Visit our Blog @ https://blog.bisresearch.com/  
Connect with us on LinkedIn @ https://www.linkedin.com/company/bis-research  
Connect with us on Twitter@ https://twitter.com/BISResearch

Logo: https://mma.prnewswire.com/media/495163/BIS_Research_Logo.jpg

Modal title

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • Accessibility Statement
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.