Telehealth Market

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.

 

telehealth-market

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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:

  • Product Type
  • Delivery Mode
  • Disease Area
  • End User
  • Region
Breakup by Product Type
  • Hardware
  • Software
  • Services
Breakup by Delivery Mode
  • On-Premises
  • Web-Based
  • Cloud-Based
Breakup by Disease Area
  • Cardiology
  • Psychiatry
  • Diabetes
  • Neurology
  • Sleep Apnea
  • Gastroenterology
  • Oncology
  • General Medicine
  • Others
Breakup by End User
  • Healthcare Providers
  • Healthcare Consumers
  • Payers
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Koninklijke Philips N.V.
  • Abbott
  • Medtronic
  • Apple, Inc.
  • AirStrip Technologies Inc.
  • AliveCor India
  • Omron Corporation
  • BioTelemetry, a Philips Company
  • Athenahealth, Inc.
  • AgaMatrix
  • Withings
  • iHealth Labs, Inc.
  • Cerner Corporation
  • ZTE Corporation
  • Cisco Systems, Inc.
  • AT&T Intellectual Property
  • Qualcomm Technologies, Inc.
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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