Reports
Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
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 (2017-2027); 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 2022-2027 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 | 2021 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| 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 |
|
| 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. |
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 Industry Opportunities and Challenges
8 Global Telehealth Market Analysis
8.1 Key Industry Highlights
8.2 Global Telehealth Historical Market (2017-2021)
8.3 Global Telehealth Market Forecast (2022-2027)
8.4 Global Telehealth Market by Component
8.4.1 Software
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Hardware
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Services
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 mHealth Solutions
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 On-Premises
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Global Telehealth Market by Application
8.7.1 Teleconsultation
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Medical Education and Training
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Teleradiology
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.7.4 Telecardiology
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2017-2021)
8.7.4.3 Forecast Trend (2022-2027)
8.7.5 Tele-ICU
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2017-2021)
8.7.5.3 Forecast Trend (2022-2027)
8.7.6 Tele-Psychiatry
8.7.6.1 Market Share
8.7.6.2 Historical Trend (2017-2021)
8.7.6.3 Forecast Trend (2022-2027)
8.7.7 Tele-Dermatology
8.7.7.1 Market Share
8.7.7.2 Historical Trend (2017-2021)
8.7.7.3 Forecast Trend (2022-2027)
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 (2017-2021)
8.8.1.3 Forecast Trend (2022-2027)
8.8.2 Homecare
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2017-2021)
8.8.2.3 Forecast Trend (2022-2027)
8.8.3 Others
8.9 Global Telehealth Market by Region
8.9.1 Market Share
8.9.1.1 North America
8.9.1.2 Europe
8.9.1.3 Asia Pacific
8.9.1.4 Latin America
8.9.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 American Well
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 MDLIVE Inc.
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Teladoc Health, Inc.
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Doctor on Demand Inc.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Dictum Health Inc.
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Opentelehealth ApS
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Telehealth Market: Key Industry Highlights, 2017 and 2027
2. Global Telehealth Historical Market: Breakup by Component (USD Billion), 2017-2021
3. Global Telehealth Market Forecast: Breakup by Component (USD Billion), 2022-2027
4. Global Telehealth Historical Market: Breakup by Communication Technology (USD Billion), 2017-2021
5. Global Telehealth Market Forecast: Breakup by Communication Technology (USD Billion), 2022-2027
6. Global Telehealth Historical Market: Breakup by Hosting Type (USD Billion), 2017-2021
7. Global Telehealth Market Forecast: Breakup by Hosting Type (USD Billion), 2022-2027
8. Global Telehealth Historical Market: Breakup by Application (USD Billion), 2017-2021
9. Global Telehealth Market Forecast: Breakup by Application (USD Billion), 2022-2027
10. Global Telehealth Historical Market: Breakup by End-User (USD Billion), 2017-2021
11. Global Telehealth Market Forecast: Breakup by End-User (USD Billion), 2022-2027
12. Global Telehealth Historical Market: Breakup by Region (USD Billion), 2017-2021
13. Global Telehealth Market Forecast: Breakup by Region (USD Billion), 2022-2027
14. North America Telehealth Historical Market: Breakup by Country (USD Billion), 2017-2021
15. North America Telehealth Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Europe Telehealth Historical Market: Breakup by Country (USD Billion), 2017-2021
17. Europe Telehealth Market Forecast: Breakup by Country (USD Billion), 2022-2027
18. Asia Pacific Telehealth Historical Market: Breakup by Country (USD Billion), 2017-2021
19. Asia Pacific Telehealth Market Forecast: Breakup by Country (USD Billion), 2022-2027
20. Latin America Telehealth Historical Market: Breakup by Country (USD Billion), 2017-2021
21. Latin America Telehealth Market Forecast: Breakup by Country (USD Billion), 2022-2027
22. Middle East and Africa Telehealth Historical Market: Breakup by Country (USD Billion), 2017-2021
23. Middle East and Africa Telehealth Market Forecast: Breakup by Country (USD Billion), 2022-2027
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 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 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 2022-2027, 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.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1499
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateSingle User License
$2699-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
$3699-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4699-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Contact AnalystAny Question? Speak With An Analyst
Request SampleView A Sample
Request CustomisationDid You Miss Anything, Ask Now
Why Expert Market Research?Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Similar Reports
NEWSLETTER