Lucintel's latest market report analyzed that telemedicine provides attractive opportunities in the teleradiology, telepsychiatry, telepathology, teledermatology, and telecardiology market. The telemedicine market is expected to reach $XX billion by 2028 with a CAGR of 19% to 21%. In this market, real-time is the largest segment by modality, whereas teleradiology is largest by application. Growing applications of AR/VR from both patient and doctor end for visits and introduction of mHealth provides strategic growth path in this market.
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Based on modality, the telemedicine market is segmented into store & forward, real-time, and others. The real-time segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasin usage of mHealth and virtual video visits and service offerings by key market players. Additionally, it is useful at the tele intensive care as it transfers the patient’s data quickly to the intensivist at a distant location and helps the ICU members at the hospital in the treatment of the patient.
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The Telemedicine Market is marked by the presence of several big and small players. Some of the prominent players offering telemedicine include Aerotel Medical Systems, InTouch Technologies, AMD Global Telemedicine, OBS Medical, Cisco Systems, Cerner Corporation, Allscripts Healthcare Solutions, McKesson Corporation, Honeywell International, BioTelemetry.
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