Telemedicine (Global Market)

Telemedicine: The Future of Healthcare

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Telemedicine in Russia

Main article: Telemedicine (Russian market)

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In the world

2024: Global telemedicine spending reaches $107.52 billion for the year

In 2024, the global telemedicine market amounted to $107.52 billion. Almost half of the total spending was provided by the North American region. The Fortune Business Insights review, presented in April 2025, said the industry is showing rapid development, which is facilitated, among other things, by the introduction of artificial intelligence.

An important role in expanding the market was played by the pandemic. COVID-19 It provoked a sharp increase in demand for remote diagnostics platforms, which make it possible to conduct remote consultations. Thanks to digital technologies, medical institutions around health care the world have been able to provide vital services to patients, despite quarantine restrictions. Millions of people were able to get counselling from the comfort of their homes. Moreover, for a number of diseases, such as, tuberculosis thanks to telemedicine, it was possible to achieve encouraging results: patients not only effectively interacted with specialists, but were also at a lower risk of becoming infected themselves or infecting others with face-to-face visits to doctors. The increasing prevalence of chronic diseases is also contributing to the development of the sector.

The review said that the introduction of AI and machine learning tools expands the capabilities of telemedicine systems. AI-based apps can help diagnose chronic conditions such as cancer and rare diseases. AI can effectively analyze medical images, including X-rays and MRI scans, to detect pathologies: this allows doctors to make diagnoses faster and more accurately. Using AI, you can track patients in real time, identifying dangerous deviations in indicators. In addition, AI provides an opportunity to automate routine tasks, increasing the efficiency of the provision of telemedicine services. By combining AI with telemedicine, healthcare institutions improve the quality of treatment as well as overcome geographic barriers.

The main obstacle in the development of telemedicine, as noted by the World Health Organization (WHO), remains the low level of Internet connection in remote areas, especially in developing countries. In addition, some patients have a negative view of telemedicine, preferring personal communication with doctors. There is also a shortage of qualified employees who are able to provide advice remotely. Faster expansion of the industry is hampered by infrastructure barriers in middle and low-income countries. Against this background, WHO calls on governments to develop telemedicine services along with other digital services, train medical personnel to communicate with patients using modern means of communication and educate the population about new opportunities.

The authors of the study segment the industry into products and services. In 2024, the lion's share of revenue was provided by services. From a geographical point of view, North America leads, which brought 47.9% of global revenue, or $51.44 billion. Globally, significant players are:

• American Well;
• Mdlive;
• Teladoc Health;
• Doctor on Demand Inc.;
• MeMD;
• Encounter Telehealth;
• Global Med;
• SnapMD.

Market Research Future analysts believe that in the future, the CAGR in the market under consideration will be 19.9%. As a result, in 2025, expenses will reach $121.1 billion, and by 2032 they will rise to about $432.3 billion.^[1]

2023: Global Emergency Telemedicine Market Size Grows by 15% Over Year to Exceed $11 Billion

In 2023, costs in the global telemedicine market for emergency care reached $11.1 billion. The indicator of the previous year, when expenses in this area were estimated at $9.63 billion, was exceeded by 15%. This is stated in the Market Research Future study, the results of which are presented at the end of November 2024.

One of the main drivers of the industry in question, the authors of the report call the increase in the prevalence of chronic diseases. Ailments such as heart disease, diabetes and cancer require ongoing care and monitoring, which can be provided through telemedicine platforms. By providing convenient and affordable care, telemedicine enables patients to monitor their health more effectively, thereby improving treatment outcomes and reducing costs. Technological advances are an important driver. The integration of advanced video conferencing software, remote monitoring devices and AI-based diagnostic systems enhances telemedicine capabilities.

Significant market players are named:

• MD LIVE;
• HealthTap;
• Virtuwell;
• 98point6;
• PlushCare;
• SOC Telemed;
• Carbon Health;
• K Health;
• Doctor on Demand;
• Healow;
• Amwell;
• MeMD;
• LiveHealth Online;
• eVisit;
• Teladoc Health.

The telemedicine sector for emergency care is segmented into hospitals, outpatient surgical centers and physician offices. According to estimates, in 2023, hospitals accounted for more than 60% of total revenue. Geographically, North America leads the way.

At the end of 2024, revenue in the market under consideration is estimated at $12.79 billion. Market Research Future analysts believe that in the future, the CAGR (average annual growth rate in complex percentages) will be 15.21%. As a result, by 2032, costs could reach $39.7 billion.^[2]

2020: Growth amid COVID-19 pandemic to $56.2 billion

The COVID-19 pandemic will have a serious impact on the telemedicine services market. In the first half of 2020, when the practice of social distancing and self-isolation was introduced in many countries of the world, medical institutions were forced to limit face-to-face admission of patients. At the same time, the number of telemedicine consultations began to grow. This spurred the development of the telemedicine market in the "doctor-patient" mode, the volume of which is significantly less than the "doctor-doctor."

The main share of the global market is made up of telemonitoring of patients and teleconsiliums in the ratio of 48% to 32%.

The leading countries leading in telemedicine costs and telemedicine technology market development are China and the United States.

According to Global Telemedicine Market Outlook, the global telemedicine market will reach $65.1 billion in 2021, and $175.5 billion by 2026. The annual increase is about 19.2%.

2019: Global Telemedicine Services Market Size $45 Billion

The volume of the global telemedicine services market in 2019 amounted to $45 billion. In the near future, it will grow by an average of 19.3% per year and may exceed $175 billion by 2026, analysts at the Global Market Insights^[3] calculated]. The main reason is the increase in the number of people with chronic diseases.

Global Telemedicine Market. Source: Global Market Insights, 2020

The growing adoption of smartphones with high-resolution cameras and the penetration of the Internet into the most remote corners of the world are having a positive impact on the development of the market. Analysts consider as restraining factors the unresolved problems of ensuring the safety of patient data and lack of awareness of telemedicine in emerging and underdeveloped markets.

Almost $13 billion in 2019 fell on the telemonitoring segment, i.e. remote monitoring of the patient's condition. The demand for this service is caused by an increase in life expectancy and, accordingly, the number of elderly patients, as well as an increase in the number of people suffering from cardiovascular diseases. By the way, it is in the cardiology segment that the telemedicine market will grow most actively - by 22% per year.

Another area is telemedicine hospital services (telehospital *), which refers to remote consultations of doctors in hospitals with other specialists during the period when the patient is being treated and he needs additional assistance. The segment is expected to grow 19% annually.

A significant share in the global telemedicine market is occupied by telephone consultations - they accounted for $18 billion in 2019. We are talking about helplines where professional doctors are involved who are able to provide remote assistance or, if necessary, redirect the call to emergency services.

2015

Philips Healthcare and Medtronic Fight for Leadership in Telemedicine Market

In early 2017, Markets and Markets, an analytical company, released a study on the global telemedicine market. According to experts, Philips Healthcare and Medtronic are fighting for leadership.

These companies recorded the highest sales of telemedicine products and services in 2015. Vendors' market shares are not listed, but analysts argue that Philips Healthcare is ahead of Medtronic in the market in question.

Philips Healthcare and Medtronic Fight for Leadership in Telemedicine Market

In 2015, Philips Healthcare spent almost $1.2 billion on research and development, which allowed the company to create several innovative solutions such as Philips Care Event. In addition to the R&D direction, Philips Healthcare is focusing on partnerships with other companies, hoping through partnerships to strengthen market position and increase share. In addition, Philips Healthcare's growth strategy includes acquiring and developing new markets.

As for Medtronic, the key area for the company is R&D, in which the manufacturer invested $2.2 billion in 2015. R&D helps Medtronic create new products and services, as well as expand the capabilities of previously released ones. The main advantages of the company analysts include comprehensive solutions, a wide geography of presence, advanced sales and marketing, a focus on inorganic growth strategies and an emphasis on R & D.

In addition to Philips Healthcare and Medtronic, the following companies are the leading providers of telemedicine products and services:

• Honeywell Life Care Solutions ( США );
• Tunstall Healthcare (UK);
• Care Innovations (USA);
• Cerner Corporation (USA);
• Cisco (USA);
• Medvivo Group (UK);
• GlobalMedia Group;
• Aerotel Medical Systems (Israel);
• AMD Global Telemedicine (США);
• American Well (USA);
• InTouch Health (USA);
• Vidyo (USA).

Telemedicine market participants prefer to conclude agreements, develop partnerships, unite and create alliances. These initiatives occupied almost half of the strategic projects implemented on the market from 2013 to 2016, according to a study by Markets and Markets.^[4]

Global Telemedicine Market Size $17.9 Billion

^[5], the global telemedicine market was valued at $17.9 billion in 2015 and is expected to grow by 18.7% annually between 2016-2022. The number of patients using telemedicine services will increase from 350 thousand in 2013 to 7 million in 2018, IHS Technology^[6] predicts].

Japan lifts restrictions on telemedicine

Telemedicine and remote monitoring of vital functions and diseases in Japan are in high demand for two reasons: firstly, the country has a developed technological infrastructure and, secondly, the age of more than 20% of the population of Japan exceeds 65 years and the share of elderly people in the structure of the population continues to grow. Telemedicine and remote monitoring capabilities are increasingly important in providing health care to the elderly at home. Back in 1997, in the Land of the Rising Sun, telemedicine was allowed to be used to consult and treat patients on remote islands or in rural areas. But already in 2015, all restrictions were lifted, and now people anywhere can use the Internet to receive telemedicine services. Yano Research Institute, a research company from Tokyo, estimated the volume of the telemedicine market in the country in 2019 at 19.9 billion yen (246.5 million dollars), which is significantly more than in 2015 (12.2 billion yen)^[7].

2014: Global Market Size $14.3 Billion

The telemedicine market has tremendous potential. According to estimates by the US Center for Disease Prevention and Control (CDC)^[8], American doctors annually conduct more than 1.2 billion consultations for their patients. At the same time, in 110 million cases, a personal visit of the patient is not at all obligatory - these are cases of prolongation of prescriptions, colds, etc. And remote consultations are just one of the segments of the global telemedicine market.

In early November 2015, Transparency Market Research published^[9] report, which analyzed the current state of the telemedicine market and presented a forecast until 2020. According to analysts of the company in 2014, the global telemedicine market amounted to $14.3 billion, and by 2020 it will grow to 36.3 billion. dollars The cumulative annual growth rate will be 14.3%.

Experts from another analytical company^[10]) - Mordor Intelligence came to approximately the same conclusions.

The largest market for telemedicine is the United States - 40% of the total. But the European market is not far behind either. It is also experiencing rapid growth. If in 2013 the level of penetration of telemedicine into the market was 30%, then by 2020 experts expect^[11] to 50^[12]

According to the consulting company^[13] PWC , the largest direction of the telemedicine market will be health monitoring (65%). The greatest interest in patients will be in decisions that allow monitoring of the main physiological indicators, especially after surgical interventions, in chronic diseases and for patients with physiological changes due to age.

2013: Telemedicine Video Technology Market Reaches $151.2 Million

According to Frost & Sullivan's Analysis of the Video Telemedicine Market in Europe, in 2013 the revenue of enterprises in this market amounted to $151.2 million. and is expected to reach $414.4 million. USA in 2020

70% of all health care costs in Europe are aimed at maintaining health in chronic age-related diseases. Under these conditions, telemedicine technologies will become more and more popular: they will allow people to save on medical care thanks to the opportunity to receive the necessary consultations and medical care at home.

At the same time, the non-inclusion of telemedicine services in insurance coverage and the unclear procedure for paying for such services make it difficult for this technology to become widespread. The extent to which telemedicine is introduced into the practice of insurance medical care varies widely across countries. Europe The provision of medical services abroad is covered by insurance - but only in the amount determined by the country that issued the policy.

The profit volumes of participants in this market will grow when it is possible to modernize the policy of insurance compensation by including telemedicine services and the amount of their payment for doctors. It is expected that the relevant laws will be adopted in France and Belgium in 2014. In all likelihood, other European countries will follow their example, which will give a new impetus to the spread of this technology in the region.

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