Global telemedicine market to grow at 15.5% CAGR to $19.94B by 2023 — 4 things to know

Written by Shayna Korol | January 26, 2018 | Print  |

The global telemedicine market is expected to grow from $19.94 billion in 2016 to $54.52 billion in 2023 at a compound annual growth rate of 15.5 percent from 2017 to 2023, according to a report by Energias Market Research.

Here are four things to know:


1. On the basis of application, radiology held the major share of the 2016 global telemedicine market. It is expected to remain the top performer during the forecasted period.


2. The telehospital and teleclinic market held the largest share in 2016 on the basis of end user.


3. North America holds the major market share in the global telemedicine market and is projected to remain the key market over the forecast period.


4. The major players in the global telemedicine market include Teladoc American Well, McKesson, Philips Healthcare, Cisco Systems, SHL Telemedicine, AMD Global Telemedicine, Honeywell Life Care Solutions and Cerner.


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