Global Telehealth Market Size, Trends, and Growth Opportunity By type (software, systems, hardware, telecommunication), By delivery mode (cloud-based delivery mode, web-based delivery mode, or on-premise delivery mode), By Application (General Consultation, Pathology, Cardiology, Surgery, Gynaecology, Neurology, Radiology, Dermatology, Ophthalmology, Orthopaedics, Others), By end user (hospital telehealth, physician telehealth, and home telehealth), by region, and forecast until 2027.
Report ID : IR1001587 | Industries : Healthcare | Published On :June 2024 | Page Count : 253
Global Telehealth Market Size, Trends, and Growth Opportunity By type (software, systems, hardware, telecommunication), By delivery mode (cloud-based delivery mode, web-based delivery mode, or on-premise delivery mode), By Application (General Consultation, Pathology, Cardiology, Surgery, Gynaecology, Neurology, Radiology, Dermatology, Ophthalmology, Orthopaedics, Others), By end user (hospital telehealth, physician telehealth, and home telehealth), by region, and forecast until 2027.
Global Telehealth Market
The global telehealth market was valued at USD 80.7 billion in 2021 and is slated to reach USD 406.26 billion by 2027, at a CAGR of 20.16% from 2022 to 2027.
Telehealth refers to the use of digital information and communication technology to access and manage healthcare remotely. Telehealth makes it possible for nurses and carers to be in continuous contact while also giving doctors access to real-time patient health data. To improve patient outcomes, telehealth institutions use technology to give long-distance health education.
Market Drivers
The market is anticipated to rise over the next few years as a result of expanding healthcare digitization initiatives and rising government spending on remote patient monitoring. For instance, the National Telemedicine Service, also known as eSanjeevaniOPD, was introduced by the Indian government. By 2021, it is expected to have conducted about 1.2 crore teleconsultations. The usage of telehealth and remote patient monitoring services for long-term care services is predicted to grow, and government and non-governmental groups are likely to increase their campaigns for these services. As a result, this element accelerates market expansion. The introduction of web- and cloud-based services that offer users virtual care is projected to accelerate industry growth. For instance, CVS and Teladoc collaborated to bring Aetna Virtual Primary Care to CVS Health in 2021. By partnering with Teladoc, CVS Health will be able to provide virtual care services to patients remotely through video consultations, reducing their need for in-person consultations and visits. This component accelerates market expansion so much.
Healthcare services are becoming more customised as a result of the widespread use of AI and ML algorithms. For example, Haldoc's telehealth platform, when used in conjunction with AI, gives its doctors feedback from patients on their consultations and offers training programmes that aid in performance improvement. In order to accelerate the adoption of telehealth services and applications, numerous insurance companies and healthcare providers have partnered to create innovative methods. As a result, this component spurs market expansion.
Market Restraints
Patients and doctors frequently lack knowledge of a variety of new procedures and have trouble using new technologies. Due to their lack of technological knowledge, elderly persons may also claim not to have used telehealth and telemedicine services. Adoption of telehealth and telemedicine is significantly hampered by behavioural constraints. Thus, the market's expansion is constrained by all of these issues.
Recent development
The Columbia Asia Hospital Group introduced a telehealth service in 2020 that provides a variety of services, including doctor video chats, medical consultation and/or clinical management, and prescription writing.
Oracle purchased a 69.2% stake in Cerner Corp. in 2020. Following the acquisition, both businesses will put a lot of effort into jointly developing cutting-edge healthcare analytics solutions and expanding their product lines and market reach.
Market Segmentation
The Global Telehealth Market is classified by Type, Delivery Mode, Application, and End-User.By type, such as software, systems, hardware, or telecommunications. By delivery mode, such as cloud-based delivery mode, web-based delivery mode, or on-premise delivery mode. By application, such as general, consultation, pathology, cardiology, surgery, gynaecologyy, neurology, radiology, dermatology, ophthalmology, orthopaedicss, and others. By end-users such as hospital telehealth, physician telehealth, and home telehealth.
Regional Analysis
The global telehealth market is segmented into five regions: the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The telehealth market is dominated by North America due to rising healthcare awareness. Additionally, the forecasted market growth will be accelerated by the expanding use of cloud-based technologies. Telehealth platforms will also be adopted in the region as a result of the presence of significant market participants and the growth of startups. A growing older population and a growing integration of digital healthcare services are likely to cause Asia-Pacific to experience the fastest growth rate during the projection period. Also, the market is growing as a result of the rise in online platforms for patient therapy and electronic health record storage.
Key Players
This report includes a list of numerous key players, namely Teladoc Health, Inc. (U.S.), Siemens (Germany), Cisco Systems, Inc. (U.S.), Koninklijke Philips N.V. (Netherlands), IBM (U.S.), Oracle (U.S.), Medtronic (Ireland), F. Hoffmann-La Roche Ltd. (Switzerland), Tunstall Group (United Kingdom), and American Well (U.S.).
Market Taxonomy
By Type
• Software
• Systems
• Hardware
• Telecommunication
By Delivery Mode
• Cloud-Based Delivery Mode
• Web-Based Delivery Mode
• On-Premise Delivery Mode
By Application
• General Consultation
• Pathology
• Cardiology
• Surgery
• Gynecology
• Neurology
• Radiology
• Dermatology
• Ophthalmology
• Orthopedics
• Others
end End User
• Hospital Telehealth
• Physician Telehealth
• Home Telehealth
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa
Global Telehealth Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Telehealth Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crises
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Telehealth Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Telehealth Market Share Analysis, By Type
5.3 Global Telehealth Market Size and Forecast, By Type
5.3.1 Software
5.3.2 Systems
5.3.3 Hardware
5.3.4 Telecommunication.
6 Global Telehealth Market, By Delivery Mode
6.1 Y-o-Y Growth Comparison, By Delivery Mode
6.2 Global Telehealth Market Share Analysis, By Delivery Mode
6.3 Global Telehealth Market Size and Forecast, By Delivery Mode
6.3.1 Cloud-Based Delivery Mode
6.3.2 Web-Based Delivery Mode
6.3.3 On-Premise Delivery Mode
7 Global Telehealth Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Telehealth Market Share Analysis, By End User
7.3 Global Telehealth Market Size and Forecast, By End User
7.3.1 Hospital Telehealth
7.3.2 Physician Telehealth
7.3.3 Home Telehealth
8 Global Telehealth Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Global Telehealth Market Share Analysis, By Application
8.3 Global Telehealth Market Size and Forecast, By Application
8.3.1 General Consultation
8.3.2 Pathology
8.3.3 Cardiology
8.3.4 Surgery
8.3.5 Gynecology
8.3.6 Neurology
8.3.7 Radiology
8.3.8 Dermatology
8.3.9 Ophthalmology
8.3.10 Orthopedics
8.3.11 Others
9 Global Telehealth Market, By Region
9.1 Global Telehealth Market Share Analysis, By Region
9.2 Global Telehealth Market Share Analysis, By Region
9.3 Global Telehealth Market Size and Forecast, By Region
10 North America Telehealth Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Telehealth Market Share Analysis, By Type
10.3 North America Telehealth Market Size and Forecast, By Delivery Mode
10.4 North America Telehealth Market Size and Forecast, By End User
10.5 North America Telehealth Market Size and Forecast, By Application
10.6 North America Telehealth Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Telehealth Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Telehealth Market Share Analysis, By Type
11.3 Europe Telehealth Market Size and Forecast, By Delivery Mode
11.4 Europe Telehealth Market Size and Forecast, By End User
11.5 Europe Telehealth Market Size and Forecast, By Application
11.5 Europe Telehealth Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Telehealth Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Telehealth Market Share Analysis, By Type
12.3 Asia Pacific Telehealth Market Size and Forecast, By Delivery Mode
12.4 Asia Pacific Telehealth Market Size and Forecast, By End User
12.5 Asia Pacific Telehealth Market Size and Forecast, By Application
12.6 Asia Pacific Telehealth Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4 Rest of Asia Pacific
13 Latin America Telehealth Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Telehealth Market Share Analysis, By Type
13.3 Latin America Telehealth Market Size and Forecast, By Delivery Mode
13.4 Latin America Telehealth Market Size and Forecast, By End User
13.5 Latin America Telehealth Market Size and Forecast, By Application
13.6 Latin America Telehealth Market Size and Forecast, Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Telehealth Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Telehealth Market Share Analysis, By Type
14.3 Middle East Telehealth Market Size and Forecast, By Delivery Mode
14.4 Middle East Telehealth Market Size and Forecast, By End User
14.5 Middle East Telehealth Market Size and Forecast, By Application
14.6 Middle East Telehealth Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Egypt
14.6.4 Kuwait
14.6.5 South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Teladoc Health, Inc. (U.S.)
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Siemens (Germany)
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Cisco Systems, Inc. (U.S.)
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Koninklijke Philips N.V. (Netherlands)
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 IBM (U.S.)
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Oracle (U.S.)
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Medtronic (Ireland)
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 F. Hoffmann-La Roche Ltd (Switzerland)
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 Tunstall Group (United Kingdom)
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 American Well (U.S.)
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies