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Global Telehealth Market Size, Share, Analysis, Trends, : By Product Type: Hardware, Software, Services; By Delivery Mode: On-Premises, Web-Based, Cloud-Based; By Disease Area: Cardiology, Psychiatry, Diabetes, Neurology, Sleep Apnea, Gastroenterology, Others; By End User; Regional Analysis; Supplier Landscape; 2023-2031
Global Telehealth Market Outlook
The global telehealth market size attained a value of USD 79.5 billion in 2022. The market is anticipated to grow at a CAGR of 25.5% during the forecast period of 2023-2031 to attain a value of USD 614.6 billion by 2031. The growth of the market is driven by the increased utilization of mHealth apps.
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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 | 2016-2022 |
| Forecast Period | 2023-2031 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
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| Breakup by Delivery Mode |
|
| Breakup by Disease Area |
|
| Breakup by End User |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier 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
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Telehealth Market Overview
3.1 Global Telehealth Market Historical Value (2016-2022)
3.2 Global Telehealth Market Forecast Value (2023-2031)
4 Global Telehealth Market Landscape
4.1 Global Telehealth Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Telehealth Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by End User
4.2.3 Analysis by Delivery Mode
5 Global Telehealth Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators``
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Telehealth Market Overview
6.1 Global Telehealth Market, by Product Type
6.1.1 Market Overview
6.1.2 Hardware
6.1.2.1 Monitors
6.1.2.2 Medical Peripheral Devices
6.1.2.2.1 Blood Pressure Meters
6.1.2.2.2 Blood Glucose Monitors
6.1.2.2.3 Weighing Scales
6.1.2.2.4 Pulse Oximeters
6.1.2.2.5 Peak Flow Meters
6.1.2.2.6 ECG Monitors
6.1.2.2.7 Other Devices
6.1.3 Software
6.1.3.1 Standalone Software
6.1.3.2 Integrated Software
6.1.4 Services
6.1.4.1 Remote Patient Monitoring Devices
6.1.4.2 Medical Call Centers Manned by Healthcare Professionals
6.1.4.3 Real Time Interactions
6.1.4.4 Store And Forward
6.1.4.5 Other Services
6.2 Global Telehealth Market, by Delivery Mode
6.2.1 Market Overview
6.2.2 On-Premises
6.2.3 Web-Based
6.2.4 Cloud-Based
6.3 Global Telehealth Market, by Disease Area
6.3.1 Market Overview
6.3.2 Cardiology
6.3.3 Psychiatry
6.3.4 Diabetes
6.3.5 Neurology
6.3.6 Sleep Apnea
6.3.7 Gastroenterology
6.3.8 Oncology
6.3.9 General Medicine
6.3.10 Others
6.4 Global Telehealth Market, by End User
6.4.1 Market Overview
6.4.2 Healthcare Providers
6.4.3 Healthcare Consumers
6.4.4 Payers
6.4.5 Others
6.5 Global Telehealth Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Telehealth Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Telehealth Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Telehealth Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Telehealth Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Telehealth Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Koninklijke Philips N.V.
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Abbott
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Medtronic
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Apple, Inc.
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 AirStrip Technologies Inc.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 AliveCor India
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Omron Corporation
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 BioTelemetry, a Philips Company
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Athenahealth, Inc.
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 AgaMatrix
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 Withings
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 iHealth Labs, Inc.
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Cerner Corporation
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
17.14 ZTE Corporation
17.14.1 Financial Analysis
17.14.2 Product Portfolio
17.14.3 Demographic Reach and Achievements
17.14.4 Mergers and Acquisitions
17.14.5 Certifications
17.15 Cisco Systems, Inc.
17.15.1 Financial Analysis
17.15.2 Product Portfolio
17.15.3 Demographic Reach and Achievements
17.15.4 Mergers and Acquisitions
17.15.5 Certifications
17.16 AT&T Intellectual Property
17.16.1 Financial Analysis
17.16.2 Product Portfolio
17.16.3 Demographic Reach and Achievements
17.16.4 Mergers and Acquisitions
17.16.5 Certifications
17.17 Qualcomm Technologies, Inc.
17.17.1 Financial Analysis
17.17.2 Product Portfolio
17.17.3 Demographic Reach and Achievements
17.17.4 Mergers and Acquisitions
17.17.5 Certifications
18 Global Telehealth Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The global telehealth market was valued at USD 79.5 billion in 2022.
The market is expected to grow at a CAGR of 25.5% during the forecast period of 2023-2031 to reach a value of USD 614.6 billion by 2031.
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.
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