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Telemedicine Market Share

Report ID: GMI3129
Published Date: Jul 2024
Report Format: PDF

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Telemedicine Market Share

The telemedicine industry is highly competitive, with key players offering comprehensive virtual healthcare services, leveraging advanced digital platforms to facilitate remote consultations, diagnoses, and treatments. In addition, the emerging startups are also making significant strides, focusing on user-friendly interfaces and personalized care. Major technology companies like Amazon and Google are entering the market, integrating telemedicine into their broader health initiatives. Furthermore, traditional healthcare providers are expanding their telemedicine offerings to stay competitive. This dynamic landscape is driven by continuous technological advancements, regulatory changes, and increasing consumer demand for convenient, accessible healthcare solutions.

Telemedicine Market Companies

Prominent players operating in the telemedicine industry are as mentioned below:

AMC Health
AMD Global Telemedicine
American Well (Amwell)
Cisco Systems, Inc.
Eagle Telemedicine
GE HealthCare Technologies, Inc.
Health Catalyst Inc.
HIPAAVIDEO.net, Inc.
Honeywell International Inc
Koninklijke Philips N.V
Masimo Corporation
McKesson Medical-Surgical Inc.
Mend
OBS Medical
Oracle Corporation (Cerner)
RemetricHealth
SOC Telemed (Patient Square Capital)
Specialist Telemed
Teladoc Health, Inc.
Updox
VCDoctor
Veradigm LLC (Allscripts Healthcare Solutions Inc.)

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The telemedicine market was valued at USD 130.5 billion in 2023 and will exhibit 16.4% CAGR during 2024-2032 driven by the increasing demand for remote healthcare services.

The market share from the software segment was worth USD 59.3 billion in 2023, owing to the features such as video conferencing, electronic health record (EHR) integration, patient portals, and remote monitoring capabilities of telemedicine software.

The U.S. telemedicine market was valued at USD 70.9 billion in the 2023 driven by increasing rates of chronic diseases.

AMC Health, AMD Global Telemedicine, American Well (Amwell), Cisco Systems, Inc., Eagle Telemedicine, GE HealthCare Technologies, Inc. , Health Catalyst Inc. , HIPAAVIDEO.net, Inc. , Honeywell International Inc, and Koninklijke Philips N.V among others