Singapore Telemedicine Market Introduction and Overview
According to SPER Market Research, the Singapore Telemedicine Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Singapore Telemedicine Market, including market size and trends, product mix, Applications, and supplier analysis. Telemedicine refers to the use of information and communication technologies by medical professionals to provide healthcare services, with a focus on instances where distance is a significant factor. The exchange of accurate knowledge for identifying, managing, and avoiding diseases and injuries is one of the main tasks. The improvement of people's health and the health of their communities is also a goal of research, assessment, and continuing education for healthcare professionals.
- One of Asia's leading privately-owned healthcare organisations, IHH Healthcare, debuted telemedicine services in Singapore, Malaysia, Turkey, India, and Hong Kong in May 2020.
- To offer the Covid-19 Medical Advisory Clinic as a free service to policyholders in Vietnam, Singapore, and Thailand, Cigna Singapore and AIG teamed up with Doctor Anywhere.
Market Opportunities and Challenges
One of the main drivers of this market is the growing demand for healthcare cost reduction, along with industry consolidation and other strategic moves by leading organisations. Due to increased telemedicine use, rising patient acceptability and consumer demand, and improved service quality, there are numerous potential opportunities in the industry. On the basis of increased digitalization in the healthcare industry, the Singapore telehealth market is anticipated to experience significant expansion in the foreseeable future. In the near future, it is projected that a rise in remote consultations, supported by an increase in the prevalence of chronic conditions, would contribute to the steady expansion of the Singapore telehealth market.
On the other hand, the rise in healthcare expenses, the acceleration of technical advancements in the industry, and efforts to find a solution to the healthcare sector's accessibility concerns in remote locations, have been a recurring issue in developing economies.
Market Competitive Landscape
The major players in the Singapore Telemedicine Market include: American Well Corp., Doctor On Demand, Inc., HealthTap, Inc., MDlive, Inc. (Evernorth), NXGN Management, LLC, Plantronics, Inc., PlushCare, SOC Telemed, Inc., Teladoc Health, Inc., Twilio, Inc., Zoom Video Communications, Inc., Others. To increase their market share, businesses employ a variety of techniques, such as new product launches and geographic expansions.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Component, By Modality, By Application, By Delivery Mode, By Facility, By End-User
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| Regions covered | Eastern Region, Northern Region, Southern Region, Western Region
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| Companies Covered | American Well Corp., Doctor On Demand, Inc., HealthTap, Inc., MDlive, Inc. (Evernorth), NXGN Management, LLC, Plantronics, Inc., PlushCare, SOC Telemed, Inc., Teladoc Health, Inc., Twilio, Inc., Zoom Video Communications, Inc., Others |
COVID-19 Impact on Singapore Telemedicine Market
The market for telehealth has experienced tremendous expansion as a result of the COVID-19 illness outbreak. The pandemic's extraordinary disruption has increased the demand for telehealth solutions that are agile, transformable, and adaptable. Due to the widespread sickness, which forced businesses and even schools to consider work-from-home options, the healthcare industry has also embraced remote consultation as a cutting-edge strategy to win the battle against the new coronavirus. The virus's spread has given the telehealth business a fresh perspective.
Key Target Audience:
- Health Insurance Companies
- Healthcare Facilities
- Healthcare Providers
- Home Health Services
- Investors and Venture Capitalists
- Medical Device Manufacturers
- Mental Health Professionals
- Patients
- Pharmaceutical Companies
- Pharmacies
- Telecommunication Companies
- Telemedicine Technology Companies
- Others
Our in-depth analysis of the Singapore Telemedicine Market includes the following segments:
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By Component:
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Product
Services
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By Modality:
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Real-time
Store and forward
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By Application:
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Teleradiology
Telepsychiatry
Telepathology
Teledermatology
Telecardiology
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By Delivery Mode:
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Audio/Text-based
Call centers
Visualized
Web/Mobile
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By Facility:
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Tele-home
Tele-hospital
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Key Topics Covered in the Report:
- Singapore Telemedicine Market Size (FY’2023-FY’2033)
- Overview of Singapore Telemedicine Market
- Segmentation of Singapore Telemedicine Market By Component (Product, Services)
- Segmentation of Singapore Telemedicine Market By Modality (Real-time, Store and forward, Others)
- Segmentation of Singapore Telemedicine Market By Application (Teleradiology, Telepsychiatry, Telepathology, Teledermatology, Telecardiology, Others)
- Segmentation of Singapore Telemedicine Market By Delivery Mode (Audio/Text-based, Call centers, Visualized, Web/Mobile)
- Segmentation of Singapore Telemedicine Market By Facility (Tele-home, Tele-hospital)
- Segmentation of Singapore Telemedicine Market By End-User (Patients, Payers, Providers, Others)
- Statistical Snap of Singapore Telemedicine Market
- Expansion Analysis of Singapore Telemedicine Market
- Problems and Obstacles in Singapore Telemedicine Market
- Competitive Landscape in the Singapore Telemedicine Market
- Impact of COVID-19 and Demonetization on Singapore Telemedicine Market
- Details on Current Investment in Singapore Telemedicine Market
- Competitive Analysis of Singapore Telemedicine Market
- Prominent Players in the Singapore Telemedicine Market
- SWOT Analysis of Singapore Telemedicine Market
- Singapore Telemedicine Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Singapore Telemedicine Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Singapore Telemedicine Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Singapore Telemedicine Market
7. Singapore Telemedicine Market, By Component (USD Million)
7.1. Singapore Telemedicine Market Value Share and Forecast, By Component, 2023-2033
7.2. Product
7.2.1. Hardware
7.2.2. Software
7.2.3. Others
7.3. Services
7.3.1. Tele-Consulting
7.3.2. Tele-Education
7.3.3. Tele-Monitoring
8. Singapore Telemedicine Market, By Modality (USD Million)
8.1. Singapore Telemedicine Market Value Share and Forecast, By Modality, 2023-2033
8.2. Real-time
8.3. Store and forward
8.4. Others
9. Singapore Telemedicine Market, By Application (USD Million)
9.1. Singapore Telemedicine Market Value Share and Forecast, By Application, 2023-2033
9.2. Teleradiology
9.3. Telepsychiatry
9.4. Telepathology
9.5. Teledermatology
9.6. Telecardiology
9.7. Others
10. Singapore Telemedicine Market, By Delivery Mode (USD Million)
10.1. Singapore Telemedicine Market Value Share and Forecast, By Delivery Mode, 2023-2033
10.2. Audio/Text-based
10.3. Call centers
10.4. Visualized
10.5. Web/Mobile
11. Singapore Telemedicine Market, By Facility (USD Million)
11.1. Singapore Telemedicine Market Value Share and Forecast, By Facility, 2023-2033
11.2. Tele-home
11.3. Tele-hospital
12. Singapore Telemedicine Market, By End-User (USD Million)
12.1. Singapore Telemedicine Market Value Share and Forecast, By End-User, 2023-2033
12.2. Patients
12.3. Payers
12.4. Providers
12.5. Others
13. Singapore Telemedicine Market Forecast, 2019-2033 (USD Million)
13.1. Singapore Telemedicine Market Size and Market Share
14. Singapore Telemedicine Market, By Component, 2019-2033 (USD Million)
14.1. Singapore Telemedicine Market Size and Market Share By Component (2019-2026)
14.2. Singapore Telemedicine Market Size and Market Share By Component (2027-2033)
15. Singapore Telemedicine Market, By Modality, 2019-2033 (USD Million)
15.1. Singapore Telemedicine Market Size and Market Share By Modality (2019-2026)
15.2. Singapore Telemedicine Market Size and Market Share By Modality (2027-2033)
16. Singapore Telemedicine Market, By Application, 2019-2033 (USD Million)
16.1. Singapore Telemedicine Market Size and Market Share By Application (2019-2026)
16.2. Singapore Telemedicine Market Size and Market Share By Application (2027-2033)
17. Singapore Telemedicine Market, By Delivery Mode, 2019-2033 (USD Million)
17.1. Singapore Telemedicine Market Size and Market Share By Delivery Mode (2019-2026)
17.2. Singapore Telemedicine Market Size and Market Share By Delivery Mode (2027-2033)
18. Singapore Telemedicine Market, By Facility, 2019-2033 (USD Million)
18.1. Singapore Telemedicine Market Size and Market Share By Facility (2019-2026)
18.2. Singapore Telemedicine Market Size and Market Share By Facility (2027-2033)
19. Singapore Telemedicine Market, By End-User, 2019-2033 (USD Million)
19.1. Singapore Telemedicine Market Size and Market Share By End-User (2019-2026)
19.2. Singapore Telemedicine Market Size and Market Share By End-User (2027-2033)
20. Singapore Telemedicine Market, By Region, 2019-2033 (USD Million)
20.1. Singapore Telemedicine Market Size and Market Share By Region (2019-2026)
20.2. Singapore Telemedicine Market Size and Market Share By Region (2027-2033)
20.3. Eastern Region
20.4. Northern Region
20.5. Southern Region
20.6. Western Region
21. Company Profile
21.1. American Well Corp.
21.1.1. Company details
21.1.2. Financial outlook
21.1.3. Product summary
21.1.4. Recent developments
21.2. Doctor On Demand, Inc.
21.2.1. Company details
21.2.2. Financial outlook
21.2.3. Product summary
21.2.4. Recent developments
21.3. HealthTap, Inc.
21.3.1. Company details
21.3.2. Financial outlook
21.3.3. Product summary
21.3.4. Recent developments
21.4. MDlive, Inc. (Evernorth)
21.4.1. Company details
21.4.2. Financial outlook
21.4.3. Product summary
21.4.4. Recent developments
21.5. NXGN Management, LLC
21.5.1. Company details
21.5.2. Financial outlook
21.5.3. Product summary
21.5.4. Recent developments
21.6. Plantronics, Inc.
21.6.1. Company details
21.6.2. Financial outlook
21.6.3. Product summary
21.6.4. Recent developments
21.7. PlushCare
21.7.1. Company details
21.7.2. Financial outlook
21.7.3. Product summary
21.7.4. Recent developments
21.8. SOC Telemed, Inc.
21.8.1. Company details
21.8.2. Financial outlook
21.8.3. Product summary
21.8.4. Recent developments
21.9. Teladoc Health, Inc.
21.9.1. Company details
21.9.2. Financial outlook
21.9.3. Product summary
21.9.4. Recent developments
21.10. Twilio, Inc.
21.10.1. Company details
21.10.2. Financial outlook
21.10.3. Product summary
21.10.4. Recent developments
21.11. Zoom Video Communications, Inc.
21.11.1. Company details
21.11.2. Financial outlook
21.11.3. Product summary
21.11.4. Recent developments
21.12. Others
22. List of Abbreviations
23. Reference Links
24. Conclusion
25. Research Scope