Global Telehealth Market: Industry Analysis and Forecast (2021-2027) by Component, Mode of Delivery, Application, End-User, and Region

Global Telehealth Market size was valued at US$ 38.70 Bn. in 2020 and the total revenue is expected to grow at 37.8 % through 2021 to 2027, reaching nearly US$ 365.14 Bn.

Global Telehealth Market Overview:

Telehealth is the distant delivery of clinical and non-clinical services via tele- and digital communication technology. It is also used by medical practitioners for telemedicine services (consultation, mentorship, and monitoring), medical staff training, administrative meetings, and medical education. These services are typically delivered through video conferencing, mobile health (mHealth) applications, network capacity via electronic means, and remote patient monitoring (RPM). These solutions allow healthcare providers to use information and communication technology (ICT) to provide consultation, care management, diagnostic, and self-management services to patients without requiring them to travel. Global Telehealth Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region.

Global Telehealth Market Dynamics:

One of the primary factors driving the market's growth is the rising prevalence of chronic diseases around the world. Additionally, the growing geriatric population and escalating demand for home monitoring devices are driving the market growth. Telehealth systems are widely used in cardiology, radiology, and online consultation for the treatment of numerous medical disorders such as diabetes, cancer, and cardiovascular diseases (CVDs) that necessitate ongoing medical care. Various technology improvements, such as the creation of health monitoring smartphone applications and user-friendly systems, are also contributing to growth. Patients all across the world are utilizing wearable gadgets, such as smartwatches and bracelets, to monitor their blood pressure, blood glucose levels, sleep patterns, and chronic pain. Additional factors, such as increased health consciousness among the general public and considerable research and development (R&D) activities in the fields of medical sciences and wired networks, are expected to propel the market even further. The increased prevalence of chronic diseases and the growing senior population drive up healthcare costs dramatically. As per the Centers for Medicare and Medicaid Services, national health care spending in the United States is expected to rise to USD 4.01 trillion in 2020, up from USD 3.81 trillion in 2019. Furthermore, a sizable amount of USD 3.6 trillion is spent on persons suffering from mental and chronic health disorders. Additionally, the same circumstance is shared by a number of countries. Global Telehealth Market During the review period, the lack of a regulatory scenario and a lack of favorable government incentives in underdeveloped countries are likely to stymie telehealth market growth.

COVID-19 Impact:

Due to lockdowns, travel bans, and company shutdowns, the COVID-19 has seen an impact on economies and businesses in a number of countries. The COVID-19 problem has overwhelmed many countries' public health systems, highlighting the critical need for long-term investment in health systems. As the COVID-19 epidemic spreads, the healthcare industry's growth is estimated to slow. The life sciences industry is thriving as a result of the growing demand for in-vitro diagnostic goods and expanded research & development efforts around the world. However, the medical technology and imaging industry is experiencing a reduction in revenues as a result of fewer procedures and delayed or longer equipment.

Global Telehealth Market Segment Analysis:

The global Telehealth Market is segmented by Component, Mode of Delivery, Application, and End-User. Based on Component, the global Telehealth market is segmented into Software, Hardware, and Services. The Services segment held the largest market share of xx% in 2020. Increasing adoption of remote monitoring solutions by patients in remote rural areas, technological advancements in telecommunication is expected to drive service segment growth. However, the software segment is expected to grow at the highest CAGR of xx% in the global telehealth market during the forecast period. Market players offered their items with cutting-edge technology services. Furthermore, the adoption of standalone and integrated software contributes to the global expansion of the telehealth market. Global Telehealth Market Based on Mode of Delivery, the global Telehealth market is segmented into Web-based, Cloud-Based, and On-Premises. The On-Premises segment held the largest market share of xx% in 2020 and it is expected to grow at the highest CAGR of xx% in the global Telehealth market during the forecast period. Issues related to the data security and customization feature of this delivery mode will result in the increasing share of the on-premises segment market. Global Telehealth Market Based on End-User, the global Telehealth market is segmented into Providers, Payers, Patients, and Others. The healthcare Providers segment held the largest market share of 66% in 2020. The increased adoption of new technologies in the telehealth industry, an ageing population, and the introduction of sophisticated services for patient reliability are all factors driving growth in the healthcare provider market segment.

Global Telehealth Market Regional Insights:

North America held the largest market share of 60% in 2020. Increase in prevalence of chronic diseases such as diabetes, cardiovascular diseases, and others, the surge in demand for self-care devices/solutions are trending in the overall Telehealth market. Legality, privacy, and security concerns may hamper the market growth. Also, Europe held the 2nd largest market share of xx% in 2020. Because of the favourable regulatory environment, quick use of remote monitoring devices, and suitable infrastructure. However, Asia Pacific is expected to grow at the highest CAGR of 24.2% in the global Telehealth market during the forecast period. Favorable initiatives for the adoption of telepathology in China, and low doctor-patient ratio, and high internet penetration in India will fuel the Global Telehealth Market in the APAC region. The objective of the report is to present a comprehensive analysis of the global Telehealth Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Telehealth Market dynamic, structure by analyzing the market segments and project the global Telehealth Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Telehealth Market make the report investor’s guide.

Global Telehealth Market Scope: Inquire before buying

Global Telehealth Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 38.70 Bn.
Forecast Period 2021 to 2027 CAGR: 37.8% Market Size in 2027: US $ 365.14 Bn.
Segments Covered: by component • Software • Hardware • Services
by Mode of Delivery • Web-based • Cloud-Based • On-Premises
by Application • Radiology • Cardiology • Urgent Care • Remote ICU • Psychiatry • Dermatology • Others
by End-User • Providers • Payers • Patients • Other

Global Telehealth Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global Telehealth Market Key Players

Vidyo, Inc. • Intouch Health • American Well • AMD Global Telemedicine, Inc. • Aerotel Medical Systems Ltd. • Globalmedia Group, LLC • Medvivo Group Ltd. • Cisco Systems, Inc. • Cerner Corporation • Care Innovations • Tunstall Healthcare • Medtronic PLC • Philips Healthcare • Teladoc, Inc. • BioTelemetry, Inc. • InTouch Technologies, Inc. • Koninklijke Philips N.V. • Honeywell International, Inc. • GE Healthcare • Grandrounds Inc. Frequently Asked Questions: 1] What segments are covered in Telehealth Market report? Ans. The segments covered in Telehealth Market report are based on Component, Mode of Delivery, Application and End-User. 2] Which region is expected to hold the highest share in the global Telehealth Market? Ans. North America is expected to hold the highest share in the global Telehealth Market. 3] What is the market size of global Telehealth Market by 2027? Ans. The market size of global Telehealth Market by 2027 is US $ 365.14 Bn. 4] Who are the top key players in the global Telehealth Market? Ans. Vidyo, Inc., Intouch Health, American Well, AMD Global Telemedicine, Inc. and Aerotel Medical Systems Ltd.are the top key players in the global Telehealth Market. 5] What was the market size of global Telehealth Market in 2020? Ans. The market size of global Telehealth Market in 2020 was US $ 38.70 Bn. 6] By End-User, What segments are covered in global Telehealth Market report? Ans. The segments covered in global Telehealth Market report by end-user are Providers, Payers, Patients and Other.
1. Global Telehealth Market: Research Methodology 2. Global Telehealth Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Telehealth Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Telehealth Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Telehealth Market Segmentation 4.1 Global Telehealth Market, by component (2020-2027) • Software • Hardware • Services 4.2 Global Telehealth Market, by Mode of Delivery (2020-2027) • Web-based • Cloud-Based • On-Premises 4.3 Global Telehealth Market, by Application (2020-2027) • Radiology • Cardiology • Urgent Care • Remote ICU • Psychiatry • Dermatology • Others 4.4 Global Telehealth Market, by End-User (2020-2027) • Providers • Payers • Patients • Other 5. North America Telehealth Market(2020-2027) 5.1 Global Telehealth Market, by component (2020-2027) • Software • Hardware • Services 5.2 Global Telehealth Market, by Mode of Delivery (2020-2027) • Web-based • Cloud-Based • On-Premises 5.3 Global Telehealth Market, by Application (2020-2027) • Radiology • Cardiology • Urgent Care • Remote ICU • Psychiatry • Dermatology • Others 5.4 Global Telehealth Market, by End-User (2020-2027) • Providers • Payers • Patients • Other 5.5 North America Telehealth Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Telehealth Market (2020-2027) 6.1. Asia Pacific Telehealth Market, by component (2020-2027) 6.2. Asia Pacific Telehealth Market, by Mode of Delivery (2020-2027) 6.3. Asia Pacific Telehealth Market, by Application (2020-2027) 6.4. Asia Pacific Telehealth Market, by End-User (2020-2027) 6.5. Asia Pacific Telehealth Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Telehealth Market (2020-2027) 7.1 Middle East and Africa Telehealth Market, by component (2020-2027) 7.2. Middle East and Africa Telehealth Market, by Mode of Delivery (2020-2027) 7.3. Middle East and Africa Telehealth Market, by Application (2020-2027) 7.4. Middle East and Africa Telehealth Market, by End-User (2020-2027) 7.5. Middle East and Africa Telehealth Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Telehealth Market (2020-2027) 8.1. Latin America Telehealth Market, by component (2020-2027) 8.2. Latin America Telehealth Market, by Mode of Delivery (2020-2027) 8.3. Latin America Telehealth Market, by Application (2020-2027) 8.4. Latin America Telehealth Market, by End-User (2020-2027) 8.5. Latin America Telehealth Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Telehealth Market (2020-2027) 9.1. European Telehealth Market, by component (2020-2027) 9.2. European Telehealth Market, by Mode of Delivery (2020-2027) 9.3. European Telehealth Market, by Application (2020-2027) 9.4. European Telehealth Market, by End-User (2020-2027) 9.5. European Telehealth Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Vidyo, Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Intouch Health 10.3. American Well 10.4. AMD Global Telemedicine, Inc. 10.5. Aerotel Medical Systems Ltd. 10.6. Globalmedia Group, LLC 10.7. Medvivo Group Ltd. 10.8. Cisco Systems, Inc. 10.9. Cerner Corporation 10.10. Care Innovations 10.11. Tunstall Healthcare 10.12. Medtronic PLC 10.13. Philips Healthcare 10.14. Teladoc, Inc. 10.15. BioTelemetry, Inc. 10.16. InTouch Technologies, Inc. 10.17. Koninklijke Philips N.V. 10.18. Honeywell International, Inc. 10.19. GE Healthcare 10.20. Grandrounds Inc.

About This Report

Report ID 5417
Category Healthcare
Published Date oct 2019
Updated Date Nov 2021
Contact Us