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Global Telehealth Market: By Component: Software, Hardware, Services; By Communication Technology: Video Conferencing, mHealth Solutions, Others; By Hosting Type; By Application; By End-User; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Telehealth Market Outlook
The global telehealth market reached a value of about USD 67.43 billion in 2021. The market is further estimated to grow at a CAGR of 31.10% in the forecast period of 2023-2028 to reach a value of around USD 340.96 billion by 2027.
Rising Adoption of mHealth Solutions to Propel the Market Growth of Telehealth
Based on communication technology, there has been a surge in the adoption of mHealth solutions. The increasing penetration of consumer electronics, like smartphones and tablets, has led to the increased utilisation of mHealth apps. mHealth apps are cost-effective as they decrease unnecessary procedures and reduce the cost of care by lowering the risk of chronic illnesses. The incorporation of cloud computing in mHealth solutions allows for seamless access to shared data and is secure. Additionally, it offers a wide range of applications such as remote consultations and training. It eliminates the use of papers, and, thus, reduces the risk of committing errors. The growing utilisation of mHealth solutions for counselling and medicine reminders is playing a critical role in eradicating diseases and chronic health conditions. The prevalence of chronic diseases and the importance of mHealth apps in continuously evaluating and monitoring these diseases to keep the symptoms in check is providing impetus to the telehealth market growth. Further, the initiatives taken by the market players in developing efficient mHealth apps to provide remote access to patients are likely to aid the market over the forecast period.
Market Segmentation
Telehealth refers to the use of telecommunication or electronic information to render health services. It enables long-distance clinical healthcare, professional health-related education, health administration, and remote admissions. It requires strong internet access, and some of the technologies used in telehealth include live video conferencing, mobile health apps, and remote patient monitoring.
The market for telehealth, by component, is divided into:
- Software
- Hardware
- Services
Based on communication technology, the market is classified into:
- Video Conferencing
- mHealth Solutions
- Others
On the basis of hosting type, the market is bifurcated into:
- Cloud-Based and Web-based
- On-Premises
Based on application, the market is segmented into:
- Teleconsultation
- Medical Education and Training
- Teleradiology
- Telecardiology
- Tele-ICU
- Tele-Psychiatry
- Tele-Dermatology
- Others
On the basis of end-user, the market is divided into:
- Healthcare Facilities
- Homecare
- Others
The regional markets for telehealth can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Increasing Internet Penetration and the Rapid Technological Advancements to Drive the Market Growth of Telehealth
The increasing access to high-speed internet services is enabling people to utilise telehealth services, which is contributing to the market expansion. It offers several benefits, such as improved care and disease management, reduced hospitalisation rates, helping conserve supplies and bed space, and increasing healthcare access. The developing healthcare infrastructure and the rapid adoption of telehealth by healthcare institutes to deliver improved services, increase access to physicians and specialists, and ensure that patients receive the necessary treatment at the right time are leading to the market expansion. Further, the application of telehealth to provide emergency healthcare to communities in inaccessible areas or isolated regions is increasing. Moreover, the government initiatives to improve the delivery of healthcare services through Information & Communication Technology (ICT) and telehealth are significantly catalysing the market growth. For instance, in April 2020, the Government of India launched eSanjeevaniOPD to facilitate health services remotely to patients across India. The rapid technological advancements, such as the use of artificial intelligence in remote patient monitoring, diagnosing patients, and improving the patient experience, are expected to stimulate the market growth over the forecast period.
Key Players in the Global Market for Telehealth
The report gives a detailed analysis of the following key players in the global telehealth market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- American Well
- MDLIVE Inc.
- Teladoc Health, Inc.
- Doctor on Demand Inc.
- Dictum Health Inc.
- Opentelehealth ApS
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Component |
|
| Breakup by Communication Technology |
|
| Breakup by Hosting Type |
|
| Breakup by Application |
|
| Breakup by End-User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Region
7 Opportunities and Challenges in the Market
8 Global Telehealth Market Analysis
8.1 Key Industry Highlights
8.2 Global Telehealth Historical Market (2018-2022)
8.3 Global Telehealth Market Forecast (2023-2028)
8.4 Global Telehealth Market by Component
8.4.1 Software
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Hardware
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Services
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Telehealth Market by Communication Technology
8.5.1 Video Conferencing
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 mHealth Solutions
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Global Telehealth Market by Hosting Type
8.6.1 Cloud-Based and Web-based
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 On-Premises
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Telehealth Market by Application
8.7.1 Teleconsultation
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Medical Education and Training
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Teleradiology
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Telecardiology
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Tele-ICU
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
8.7.6 Tele-Psychiatry
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2018-2022)
8.7.6.3 Forecast Trend (2023-2028)
8.7.7 Tele-Dermatology
8.7.7.1 Market Share
8.7.7.2 Historical Trend (2018-2022)
8.7.7.3 Forecast Trend (2023-2028)
8.7.8 Others
8.8 Global Telehealth Market by End-User
8.8.1 Healthcare Facilities
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Homecare
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Others
8.9 Global Telehealth Market by Region
8.9.1 North America
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2018-2022)
8.9.1.3 Forecast Trend (2023-2028)
8.9.2 Europe
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2018-2022)
8.9.2.3 Forecast Trend (2023-2028)
8.9.3 Asia Pacific
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2018-2022)
8.9.3.3 Forecast Trend (2023-2028)
8.9.4 Latin America
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2018-2022)
8.9.4.3 Forecast Trend (2023-2028)
8.9.5 Middle East and Africa
8.9.5.1 Market Share
8.9.5.2 Historical Trend (2018-2022)
8.9.5.3 Forecast Trend (2023-2028)
9 North America Telehealth Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Telehealth Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Telehealth Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Telehealth Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Telehealth Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 American Well
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 MDLIVE Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Teladoc Health, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Doctor on Demand Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Dictum Health Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Opentelehealth ApS
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Telehealth Market: Key Industry Highlights, 2018 and 2028
2. Global Telehealth Historical Market: Breakup by Component (USD Billion), 2018-2022
3. Global Telehealth Market Forecast: Breakup by Component (USD Billion), 2023-2028
4. Global Telehealth Historical Market: Breakup by Communication Technology (USD Billion), 2018-2022
5. Global Telehealth Market Forecast: Breakup by Communication Technology (USD Billion), 2023-2028
6. Global Telehealth Historical Market: Breakup by Hosting Type (USD Billion), 2018-2022
7. Global Telehealth Market Forecast: Breakup by Hosting Type (USD Billion), 2023-2028
8. Global Telehealth Historical Market: Breakup by Application (USD Billion), 2018-2022
9. Global Telehealth Market Forecast: Breakup by Application (USD Billion), 2023-2028
10. Global Telehealth Historical Market: Breakup by End-User (USD Billion), 2018-2022
11. Global Telehealth Market Forecast: Breakup by End-User (USD Billion), 2023-2028
12. Global Telehealth Historical Market: Breakup by Region (USD Billion), 2018-2022
13. Global Telehealth Market Forecast: Breakup by Region (USD Billion), 2023-2028
14. North America Telehealth Historical Market: Breakup by Country (USD Billion), 2018-2022
15. North America Telehealth Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Europe Telehealth Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Europe Telehealth Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Asia Pacific Telehealth Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Asia Pacific Telehealth Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Latin America Telehealth Historical Market: Breakup by Country (USD Billion), 2018-2022
21. Latin America Telehealth Market Forecast: Breakup by Country (USD Billion), 2023-2028
22. Middle East and Africa Telehealth Historical Market: Breakup by Country (USD Billion), 2018-2022
23. Middle East and Africa Telehealth Market Forecast: Breakup by Country (USD Billion), 2023-2028
24. Global Telehealth Market Structure.
Key Questions Answered in the Report
In 2021, the global telehealth market attained a value of nearly USD 67.43 billion.
The market is assessed to grow at a CAGR of 31.10% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach almost USD 340.96 billion by 2027.
The major market drivers include the developing healthcare infrastructure, rapid adoption of mHealth solutions, multiple advantages of telehealth such as cost-effectiveness and increased access to physicians and specialists, rising use of consumer electronics, and need to provide emergency healthcare to communities in inaccessible areas or isolated regions.
The key trends guiding the growth of the market include the increasing access to high-speed internet services, favourable government initiatives, and rapid technological advancements.
The major regions are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant components of telehealth include software, hardware, and services.
The various communication technologies of telehealth include video conferencing, and mHealth solutions, among others.
The different hosting types of telehealth include cloud-based and web-based, and on-premises.
The various applications of telehealth include teleconsultation, medical education and training, teleradiology, telecardiology, tele-ICU, tele-psychiatry, and tele-dermatology, among others.
The major end uses of telehealth market include healthcare facilities, and homecare, among others.
The major players in the market are American Well, MDLIVE Inc., Teladoc Health, Inc., Doctor on Demand Inc., Dictum Health Inc., and Opentelehealth ApS, among others.
Analyst Review
The global telehealth market attained a value of nearly USD 67.43 billion in 2021, driven by the increasing access to high-speed internet services and the emerging need to provide exceptional healthcare services. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 31.10%. The market is estimated to reach about USD 340.96 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market for telehealth, by component, is divided into software, hardware, and services. Based on communication technology, the market is segmented into video conferencing, and mHealth solutions, among others. On the basis of hosting type, the market is bifurcated into cloud-based and web-based, and on-premises. Based on application, the market is classified into teleconsultation, medical education and training, teleradiology, telecardiology, tele-ICU, tele-psychiatry, and tele-dermatology, among others. On the basis of end-user, the market is divided into healthcare facilities, and homecare, among others. The major regional markets for telehealth are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include American Well, MDLIVE Inc., Teladoc Health, Inc., Doctor on Demand Inc., Dictum Health Inc., and Opentelehealth ApS, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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