menu One Stop Shop For Reports One Stop Shop For Reports
search more_vert
  • All Reports
  • All Sectors
    • Chemicals & Materials
      • Advanced Materials
      • Bulk Chemicals
      • Coatings | Paints and Additives
      • Composites
      • Renewable | Speciality chemicals
    • Consumer Goods
      • Baby Products
      • Consumer Electronics
      • Consumer Packaging
      • Cosmetics & Personal Care
      • Homecare & Decor
    • Energy and Power
      • Energy Efficiency and Conservation
      • Green | Renewable Energy
      • Non Renewable | Conventional Energy
      • Power Equipment and Devices
    • Life Science
      • Biotechnology
      • Diagnostics
      • Healthcare
      • Medical Devices & Supplies
      • Pharmaceuticals
  • Report Library
  • Who Trust Us
  • Datafeature
  • [email protected]
  • +1 718 618 4351 (International)
  • +91 78878 22626 (Asia)

More Results

menu One Stop Shop For Reports One Stop Shop For Reports
search more_vert
  • All Reports
  • All Sectors
    • Chemicals & Materials
      • Advanced Materials
      • Bulk Chemicals
      • Coatings | Paints and Additives
      • Composites
      • Renewable | Speciality chemicals
    • Consumer Goods
      • Baby Products
      • Consumer Electronics
      • Consumer Packaging
      • Cosmetics & Personal Care
      • Homecare & Decor
    • Energy and Power
      • Energy Efficiency and Conservation
      • Green | Renewable Energy
      • Non Renewable | Conventional Energy
      • Power Equipment and Devices
    • Life Science
      • Biotechnology
      • Diagnostics
      • Healthcare
      • Medical Devices & Supplies
      • Pharmaceuticals
  • Report Library
  • Who Trust Us
  • Datafeature
Home ➤ Life Science ➤ Healthcare ➤ Telehealth Market
Telehealth Market

Telehealth Market

Published date: Feb 2023 • Formats:
Request Sample
  • Home ➤ Life Science ➤ Healthcare ➤ Telehealth Market

Global Telehealth Market By Type (Hardware, Software, and Services), By Application (Telemedicine, Patient Monitoring, Continuous Medical Education, and Others), By End-user (Hospitals and Clinics, Home Care, Diagnostic Centers, and Others), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032.

  • Published date: Feb 2023
  • Report ID: 96707
  • Number of Pages: 271
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
  • Request a Sample
  • account_circleAbout Me

    Report Overview

    In 2022, Global Telehealth Market was valued at USD 7.7 Billion. Between 2023 and 2032, this market is estimated to register the highest CAGR of 17.30%.

    Telehealth is nothing but your healthcare provider’s care for you without an in-person hospital visit. Telehealth is primarily online with internet access on your computer, smartphone, or tablet. However, Telehealth administrations were coordinated into most medical care arrangements even before the Pandemic’s beginning, and administrations started to be widely utilized exclusively during the Coronavirus emergency.

    As Starting point for Exploration and Innovation, Greece made sense that Telehealth facilities use technology during the Pandemic to provide country-mile health education to improve consumer by-products. The growing demand for digital and convenient healthcare products and services among hospitals and consumers globally.

    The telehealth stages are the achievement of fast connection between consumers remaining to the availability of specialized healthcare facilities like consultations at the media of a control. The growing investments in IT infrastructure and the collective adoption of smartphones and the internet among the global population are raising the telehealth market growth.

    Telehealth maintains track of patients’ medical health and supplies valuable understandings to doctors during the treatment of the patients. The rising permeation of telehealth apps worldwide is contributing exponentially toward market growth. Additionally, various developing strategies by the key market players, like achievements, partnerships, and new product launches, boost the development of the global telehealth market.

    Due to the adoption of cloud-based strategies by healthcare suppliers and patients and the introduction of technological innovations solutions, the cloud-based delivery segment is anticipated to experience the highest rate of growth over the forecast period.

    Telehealth Market Value

    Market Scope

    Type Analysis

    Software Segment Is the Most lucrative in the Global Telehealth Market During The Forecast Period

    The telehealth market is segmented based on the type of hardware, software, and service. Among these types, the software segment is the most lucrative in the global telehealth market during the forecast period because of the rising interest in proper and open medical care organizations and professional work process management.

    The hardware consists of several devices used in hospitals, clinics, and homecare telehealth. Different hardware uses mobile edges, communication lines, computer systems, therapeutic devices, video searches, and several others. The rapid development and updates in the software system to improve the efficiency and effectiveness of telehealth devices are exponentially boosting segment growth.

    The wide-ranging usage and high hardware prices resulted in considerable revenue produced by these segment technologies, including coursing media, teleconferencing, the Web, store-and-forward imaging, and native and wireless communications. The main types of telehealth results contain software, services, and hardware transported assumption over the cloud. The services segment is anticipated to acquire the largest market share to the growing favorable initiatives implemented by various key players.

    The rising demand for high-quality care, efficient workflow management, and affordable healthcare services is expected to drive the software market’s CAGR during the forecast period. The use of the software is rising as a result of the need to accurately and continuously monitor the health of a population and increasing healthcare costs. Additionally, to improve patient outcomes, many healthcare facilities in developed nations have switched to value-based care models. Additionally, the key players worldwide have launched several initiatives, propelling the segment’s expansion.

    By Application Analysis

    Telemedicine, Patient monitoring, and Continuous Medical Education are the Main Applications of the Telehealth Market

    The rapid distribution and evolution of telemedicine throughout the past year have improved customer acceptance. The patient monitoring segment is predicted to be the fastest-growing segment during the forecast period. It is attributable to the amplified demand for the constant monitoring of patients, mainly old patients.

    Further, the rapid adoption of smart medical wearable devices is supplementing the segmented growth, which constantly tracts the user’s health condition. According to the American Telemedicine Suggestion, about one million people are using cardiac observing procedures, which is predictable to increase supplementary.

    It is a central dynamic force behind the patient monitoring segment. The demand for telehealth applications for real-time monitoring and the management of chronic diseases contributed to the segment’s expansion. In addition, the segment’s expansion was further aided by rapid advancements in digital infrastructure, hardware and software components, smartphone penetration, and global internet access.

    In addition, the market’s growth is being aided by the creation of various platforms and applications that can diagnose, monitor, track fitness and wellness, and prevent disease. In addition, the market’s growth is being aided by the creation of various platforms and applications that can diagnose, monitor, track fitness and wellness, and prevent disease. It is also anticipated that the ever-evolving digital environment will positively encourage the expansion of these services.

    End-User Analysis

    The Hospital and Diagnostic sectors control the worldwide Telehealth Market

    Based on end consumers, the hospital’s sector controls the worldwide telehealth market in revenue and is estimated to tolerate its governance during the forecast period. It can be credited to the growing adoption of telemedicine in the healthcare segment.

    The increasing demand for technically advanced devices is rising through the global healthcare industry to improve operational efficiency, reduce cost, and increase profitability and healthcare professionals. The distribution of telehealth platforms, such as telemedicine, can help to decrease the burden on physicians and doctors in hospitals.

    On the other hand, the homecare segment is considered the maximum adaptable segment during the forecast period. It is recognized by the rising awareness about hospital-acquired contaminations, the increasing geriatric populace, and increased disposable revenue.

    Most old-age person respect treatment continuing at their homes; hence, the homecare section is estimated to initiate the development of the telehealth request. Further, the increasing awareness about hospital-acquired contaminations prevents patients from going to the hospitals and constrains them, allowing patients to get treatment from the relaxation of their homes.

    Telehealth Market

    Key Market Segments

    By Type

    • Hardware
    • Software
    • Services

    By End User

    • Hospitals and clinics
    • Home care
    • Diagnostic centers
    • Others

    By Application

    • Telemedicine
    • Patient monitoring
    • Continuous Medical Education

    Market Dynamics

    Drivers

    Active Government Initiatives For Telehealth Solutions is Set to Propel Growth

    One of the major factors driving the development of the telehealth market is advanced mobile solutions. Improved assumption of associated procedures and telehealth apps for treating chronic and transferrable diseases boosts the market growth.

    The increasing number of chronic diseases and the developing geriatric population are among the most critical drivers of the telehealth marketplace. Furthermore, the expanding number of hospitals and private clinics in developed and emerging markets is expected to drive telehealth requests in the upcoming years.

    Restrain

    Technological Barrier to Pose a Major Hindrance to Market Growth

    Despite the enormous potential of teleconsultation technology and infrastructure obstacles are one of the main reasons that the market is not expanding in developing countries. Digital health platforms require the deployment of modern telecommunication devices and high-speed internet with high speed and high bandwidth.

    Also, there must be enough storage space to store and integrate medical data. This is a challenge in many developing countries. The market is restricted by high costs of installing the necessary devices and systems as well as equipment for measuring healthcare parameters in real time. The telehealth market is being held back by high costs for information and communication technology (ICT), as well as the inability to use sophisticated devices.

    Opportunity

    The Global Telehealth Market is also boosted due to growing healthcare industries in several emerging economies such as Brazil, India, South Africa, and China. The rapidly increasing geriatric population, rising per capita incomes, high patient volumes, and spiking awareness among individuals are driving the need for enhancing the healthcare industries in these nations.

    Therefore, the governments in these economies are increasing their investments to improve healthcare facilities and services. Also, Smartphone affordability, high-speed internet, and the improved adoption of Telehealth among medical specialists help develop the mobile health market.

    Increased importance on patient-centric healthcare conveyance, shared with a concentration on charge control in the healthcare sector, will create straight more commercial marketplace development opportunities. Owing to the high number of applications of the telehealth market in healthcare industries, the rising investment in this industry is slated to offer growth opportunities in the market.

    Trends

    The growing number of partnerships, Acquisitions, and Venture Capital funding is a vital trend

    Telehealth overpowers the distance obstacles and confirms healthcare delivery across distant locations in developed and under-urbanized countries. The governments of great countries are founding guidelines and developing experimental projects to provide healthcare in rural areas and increase the adaption of connected and Telehealth apps for managing chronic and infected devices. Rising healthcare costs are joined with the developing need to screen patients’ well-being and progressively expand the receiving of the product.

    COVID-19 Impact Analysis

    The Pandemic has surged the demand for Telehealth Usage

    COVID-19 has created an enormous burden on surviving healthcare infrastructures worldwide, demanding the employment of skills that allow patients to contact their doctors from reserved sites. Moreover, since healthcare facilities concentrate on production with coronavirus patients, management for other diseases has taken a backseat.

    Telehealth technologies have empowered medical professionals to confirm that patients with chronic and other severe conditions receive essential medical care during the Pandemic. The sudden emergence of the humanitarian disaster has created extraordinary challenges for the worldwide economy and is vulnerable to the growth of several industries and markets.

    However, the demand for telehealth resolutions has enlarged during the Pandemic as people be afraid of contracting the virus from doctors and physicians. Online discussion has improved numerous during the Pandemic.

    The majority of healthcare facilities were able to transition from traditional to virtual care because COVID-19 prevented the delivery of healthcare services. In addition, the industry’s expansion is being driven by the rising demand for health and wellness monitoring in order to virtually manage chronic diseases.

    Regional Analysis

    North America Region Leading Significant Shares in Telehealth Market

    North America dominated the market in 2022 with a most significant share of 47.0 %. Higher healthcare IT spending and a higher saturation of internet and smartphone operators in the region are contributing to the market growth in the area. North America is expected to observe an extreme change in the universal telehealth market share.

    The beneficial health damages and the growing preference for teleconsultation are expected to boost the market’s growth. A vast group of individuals with numerous chronic health conditions, attached with improved access to handling for various acute and chronic diseases, is the primary factor for its high market share.

    Asia Pacific is projected to witness the fastest growth during the forecast period. The expanding senior population in nations such as India and Japan, combined with improvements in the adequate health and research field. Asia Pacific is estimated to grow due to the largest population, rapid urbanization, and rising healthcare initiatives undertaken by key regional players, which are anticipated to supply the market growth.

    Telehealth Market Region

    Key Regions

    • North America
      • The US
      • Canada
      • Mexico
    • Western Europe
      • Germany
      • France
      • The UK
      • Spain
      • Italy
      • Portugal
      • Ireland
      • Austria
      • Switzerland
      • Benelux
      • Nordic
      • Rest of Western Europe
    • Eastern Europe
      • Russia
      • Poland
      • The Czech Republic
      • Greece
      • Rest of Eastern Europe
    • APAC
      • China
      • Japan
      • South Korea
      • India
      • Australia & New Zealand
      • Indonesia
      • Malaysia
      • Philippines
      • Singapore
      • Thailand
      • Vietnam
      • Rest of APAC
    • Latin America
      • Brazil
      • Colombia
      • Chile
      • Argentina
      • Costa Rica
      • Rest of Latin America
    • Middle East & Africa
      • Algeria
      • Egypt
      • Israel
      • Kuwait
      • Nigeria
      • Saudi Arabia
      • South Africa
      • Turkey
      • United Arab Emirates
      • Rest of MEA

    Key Players Analysis

    Several telehealth market companies are concentrating on Portfolio Expansion Strategies Through Investments

    Emerging key players are focused on various strategic policies to develop their respective businesses in foreign markets. Several telehealth market companies are concentrating on expanding their existing operations and R&D facilities.

    Furthermore, the telehealth business is developing new products and portfolio expansion strategies through investments, mergers, and acquisitions. Some key market players operating the global telehealth market are Koninklijke Philips N.V. and GE Healthcare Cerner Corporation, Teladoc Health Inc.

    In June 2020, Prophet finished securing Cerner Corp. and obtained a 69.2% stake in the organization. Philips declared the launch of Philips Acute Care Telehealth, which will give an adaptable and configurable answer for assisting medical services arrangements by providing virtual consideration.

    These two organizations, post the securing, will focus on developing progressed medical services examination arrangements and extending their items portfolio, regulatory scenario, and business impression. In addition, several key players are now focusing on marketing strategies, such as spreading awareness and boosting the target products’ growth.

    Key Industry Development

    • May – 2021: A business unit of all script healthcare hospitals announced an agreement with the lash group, A patient support service business. The deal will authorize specialty Medications to be available for management, which will renovate the specialty enrollment prices for users of vanadium, Allscripts, and other healthcare record software dealers.
    • January – 2020: Teladoc Health acquired touch health, providing more than 450 hospitals.

    Market Key Players

    Due to the presence of several local businesses, the market is moderately fragmented. By employing tactics like investments, partnerships, and mergers and acquisitions, these market players are attempting to increase their share of the market. Additionally, businesses are investing in the creation of new products. In addition, they are concentrating on keeping prices competitive.

    Market players are subject to intense competition from top players, particularly those with strong brand recognition and high distribution networks. To stay on top of the market, companies have gained various expansion strategies such as partnerships and product launches.

    Listed below are some of the most prominent Telehealth Market players.

    • Teladoc Health, Inc.
    • American Well
    • MDLive, Inc.
    • OpenTeleHealth
    • Grand Rounds, Inc.
    • Dictum Health, Inc.
    • AirStrip Technologies
    • INTeleICU
    • Masimo
    • Other Key players

    Report Scope

    Report Features Description
    Market Value (2022) US$ 7.7 Bn
    Forecast Revenue (2032) US$ 36.5 Bn
    CAGR (2023-2032) 17.30%
    Base Year for Estimation 2022
    Historic Period 2016-2022
    Forecast Period 2023-2032
    Report Coverage Revenue Forecast, Market Dynamics, COVID-19 Impact, Company Profiles, Recent Developments
    Segments Covered By Type- Hardware, Software, and Services; By Application Telemedicine, Patient Monitoring, Continuous Medical Education, and Others; By End-user- Hospitals and Clinics, Home Care, Diagnostic Centers, and Others.
    Regional Analysis North America – The US, Canada, & Mexico; Western Europe – Germany, France, The UK, Spain, Italy, Portugal, Ireland, Austria, Switzerland, Benelux, Nordic, & Rest of Western Europe; Eastern Europe – Russia, Poland, The Czech Republic, Greece, & Rest of Eastern Europe; APAC – China, Japan, South Korea, India, Australia & New Zealand, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, & Rest of APAC; Latin America – Brazil, Colombia, Chile, Argentina, Costa Rica, & Rest of Latin America; The Middle East & Africa – Algeria, Egypt, Israel, Kuwait, Nigeria, Saudi Arabia, South Africa, Turkey, United Arab Emirates, & Rest of MEA.
    Competitive Landscape Teladoc Ltd. American Well, MDLive Inc., Open Telehealth, Grand Rounds Inc., Dictum Health Inc., Airstrip Technologies, INTelelCU, Masimo
    Customization Scope Customization for segments, region/country-level will be provided. Moreover, additional customization can be done based on the requirements.
    Purchase Options We have three licenses to opt for: Single User License, Multi-User License (Up to 5 Users), Corporate Use License (Unlimited User and Printable PDF).

    Frequently Asked Questions (FAQ)

    How much is the Telehealth Market worth?

    Global market size is worth USD 36.5 Billion by 2032.

    What was the value of the Telehealth Market in 2023?

    In 2023, the market value stood at USD 7.7 Billion.

    Who are the major players operating in the Telehealth Market?

    Teladoc Ltd. American Well, MDLive Inc., Open Telehealth, Grand Rounds Inc., Dictum Health Inc., Airstrip Technologies, INTelelCU, Masimo.

    Which region will lead the Telehealth Market?

    North America is estimated to be the fastest-growing region during the forthcoming years.

    What is the CAGR of Telehealth Market?

    The global Telehealth Market is growing at a CAGR of 17.30% during the forecast period 2022 to 2033.

    Telehealth Market
    Telehealth Market
    Published date: Feb 2023 • Formats:
    add_shopping_cartBuy Now get_appDownload Sample
    keyboard_arrow_up
  • account_circleAbout Me
  • ondemand_videoVideos
    • Teladoc Health, Inc.
    • American Well
    • MDLive, Inc.
    • OpenTeleHealth
    • Grand Rounds, Inc.
    • Dictum Health, Inc.
    • AirStrip Technologies
    • INTeleICU
    • Masimo
    • Other Key players
  • settingsSettings

Related Reports

  • Operating Room/OR Integration Market

    • ★★★★★
      ★★★★★
    • (22)
  • HDPE Packaging Market

    • ★★★★★
      ★★★★★
    • (49)
  • Pharmacy Market

    • ★★★★★
      ★★★★★
    • (81)
  • Digital English Language Learning Market

    • ★★★★★
      ★★★★★
    • (41)
  • Protective Packaging Market

    • ★★★★★
      ★★★★★
    • (57)
  • Cardiac Biomarker Market

    • ★★★★★
      ★★★★★
    • (47)

Our Clients

  • Our Clients

Inquiry Before Buying


Telehealth Market
  • 96707
  • Feb 2023
    • ★★★★★
      ★★★★★
    • (59)
  • US $5,999
    US $4,499
  • US $7,999
    US $4,999
  • US $9,999
    US $5,499
Buy Now
✖
Request a Sample Report
We'll get back to you as quickly as possible

Single User
$5,999
$4,499
USD / per unit
save 25%
Multi User
$7,999
$4,999
USD / per unit
save 38%
Corporate User
$9,999
$5,499
USD / per unit
save 45%
e-Access
Report Library Access
Data Set (Excel)
Print
Company Profile Library Access
Interactive Dashboard
Free Custumization No up to 10 hrs work up to 30 hrs work
Accessibility 1 User 2-5 User Unlimited
Analyst Support up to 20 hrs up to 40 hrs up to 50 hrs
Benefit Up to 20% off on next purchase Up to 25% off on next purchase Up to 30% off on next purchase
  • location_on420 Lexington Avenue, Suite 300 New York City, NY 10170,
    United States
  • phone+1 718 618 4351 (International)
  • phone+91 78878 22626 (Asia)
  • email[email protected]
  • Facebook Logo
  • Twitter Logo
  • LinkedIn Logo
Find Help
  • Contact Us
  • How to Order
Legal
  • Privacy Policy
  • Refund Policy
  • Frequently Asked Questions
  • Terms and Conditions
Explore
  • About Us
  • All Reports
  • All Sectors
  • Infographics
  • Statistics and Facts
  • Companies
  • Report Library
Secured Payment Options
Secured Payment Options

© 2023 Market.Us. All Rights Reserved.