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Telehealth Global Market Report 2021: COVID-19 Growth and Change

  • ID: 5306551
  • Report
  • March 2021
  • Region: Global
  • The Business Research Company

FEATURED COMPANIES

  • AMC Health
  • Cisco Systems, Inc
  • GE Healthcare
  • Iron Bow Technologies
  • Medvivo Group Ltd
  • Siemens Healthineers
Telehealth Global Market Report 2021: COVID-19 Growth and Change provides the strategists, marketers and senior management with the critical information they need to assess the global telehealth market.







This report focuses on telehealth market which is experiencing strong growth. The report gives a guide to the telehealth market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the telehealth? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Telehealth market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider telehealth market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The telehealth market section of the report gives context. It compares the telehealth market with other segments of the telehealth market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, telehealth indicators comparison.

Scope

Markets Covered:
1) By Component: Software; Services; Hardware
2) By Mode Of Delivery: Cloud-based; On-Premise
3) By Application: Teleradiology; Tele-Consultation; Tele-ICU; Tele-Stroke; Tele-Psychiatry; Tele-Dermatology; Other Applications
4) By End-User: Healthcare Providers; Patients; Payers; Others

Companies Mentioned: Teladoc Health Inc; American Well; MDLive; Doctor on Demand; GlobalMed

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Telehealth Market

What is the estimated value of the Global Telehealth Market?

The Global Telehealth Market was estimated to be valued at $80.5 billion in 2021.

What is the growth rate of the Global Telehealth Market?

The growth rate of the Global Telehealth Market is 28.3%, with an estimated value of $218.5 billion by 2025.

What is the forecasted size of the Global Telehealth Market?

The Global Telehealth Market is estimated to be worth $218.5 billion by 2025.

Who are the key companies in the Global Telehealth Market?

Key companies in the Global Telehealth Market include Teladoc Health Inc, American Well, MDLive, Doctor on Demand, GlobalMed, Siemens Healthineers, Cisco Systems, Inc, Medtronic and Koninklijke Philips N.V..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AMC Health
  • Cisco Systems, Inc
  • GE Healthcare
  • Iron Bow Technologies
  • Medvivo Group Ltd
  • Siemens Healthineers

1. Executive Summary2. Telehealth Market Characteristics3. Telehealth Market Trends and Strategies4. Impact of COVID-19 on Telehealth
5. Telehealth Market Size and Growth
5.1. Global Telehealth Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Telehealth Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Telehealth Market Segmentation
6.1. Global Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Software
  • Services
  • Hardware
6.2. Global Telehealth Market, Segmentation by Mode of Delivery, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Cloud-based
  • On-Premise
6.3. Global Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Teleradiology
  • Tele-Consultation
  • Tele-ICU
  • Tele-Stroke
  • Tele-Psychiatry
  • Tele-Dermatology
  • Other Applications
6.4. Global Telehealth Market, Segmentation by End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Healthcare Providers
  • Patients
  • Payers
  • Others

7. Telehealth Market Regional and Country Analysis
7.1. Global Telehealth Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Telehealth Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8. Asia-Pacific Telehealth Market
8.1. Asia-Pacific Telehealth Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
8.3. Asia-Pacific Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
9. China Telehealth Market
9.1. China Telehealth Market Overview
9.2. China Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
9.3. China Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F,$ Billion
10. India Telehealth Market
10.1. India Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
10.2. India Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11. Japan Telehealth Market
11.1. Japan Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
11.2. Japan Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Australia Telehealth Market
12.1. Australia Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12.2. Australia Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13. Indonesia Telehealth Market
13.1. Indonesia Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
13.2. Indonesia Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14. South Korea Telehealth Market
14.1. South Korea Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
14.2. South Korea Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15. Western Europe Telehealth Market
15.1. Western Europe Telehealth Market Overview
15.2. Western Europe Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
15.3. Western Europe Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16. UK Telehealth Market
16.1. UK Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
16.2. UK Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17. Germany Telehealth Market
17.1. Germany Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
17.2. Germany Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18. France Telehealth Market
18.4. France Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
18.5. France Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19. Eastern Europe Telehealth Market
19.1. Eastern Europe Telehealth Market Overview
19.2. Eastern Europe Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
19.3. Eastern Europe Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20. Russia Telehealth Market
20.1. Russia Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
20.2. Russia Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21. North America Telehealth Market
21.1. North America Telehealth Market Overview
21.2. North America Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
21.3. North America Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22. USA Telehealth Market
22.1. USA Telehealth Market Overview
22.2. USA Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
22.3. USA Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23. South America Telehealth Market
23.1. South America Telehealth Market Overview
23.2. South America Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
23.3. South America Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24. Brazil Telehealth Market
24.1. Brazil Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
24.2. Brazil Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25. Middle East Telehealth Market
25.1. Middle East Telehealth Market Overview
25.2. Middle East Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
25.3. Middle East Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26. Africa Telehealth Market
26.1. Africa Telehealth Market Overview
26.2. Africa Telehealth Market, Segmentation by Component, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
26.3. Africa Telehealth Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
27. Telehealth Market Competitive Landscape and Company Profiles
27.1. Telehealth Market Competitive Landscape
27.2. Telehealth Market Company Profiles
27.2.1. Teladoc Health Inc
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. American Well
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. MDLive
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Doctor on Demand
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. GlobalMed
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers and Acquisitions in the Telehealth Market29. Telehealth Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • AMC Health
  • Cisco Systems, Inc
  • GE Healthcare
  • Iron Bow Technologies
  • Medvivo Group Ltd
  • Siemens Healthineers
Major players in the telehealth market are Teladoc Health Inc, American Well, MDLive, Doctor on Demand, GlobalMed, Siemens Healthineers, Cisco Systems, Inc, Medtronic, Dictum Health, Inc, Koninklijke Philips N.V., GE Healthcare, AMC Health, Medvivo Group Ltd, Iron Bow Technologies, Telespecialists Llc, MedWeb, IMediplus Inc., Vsee, Chiron Health, Zipnosis, Allscripts Healthcare Solutions, Honeywell International Inc., Right Health, Boston Scientific Corporation, Care Innovations LLC, InTouch Technologies, Inc., Encounter Telehealth, HelloMD, SnapMD, Inc., and OpenTeleHealth.

The global telehealth market is expected to decline from $83.08 billion in 2020 to $80.53 billion in 2021 at a compound annual growth rate (CAGR) of -3.06%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $218.5 billion in 2025 at a CAGR of 28.34%.

The telehealth market consists of sales of telehealth services by entities (organizations, sole traders and partnerships) that are engaged in providing telehealth services for the smooth functioning of healthcare services. Telehealth is the use of electronic data and telecommunications technology to promote long-distance medical healthcare services, patient and professional health education, public health, and health management. Technologies comprise streaming media, teleconferencing, web, store-and-forward imaging, terrestrial and wireless communications.

The main types of telehealth solutions include software, services, and hardware and are delivered on-premise and through the cloud. These are used by healthcare providers, patients, and payers across a range of healthcare applications including teleradiology, teleconsultation, tele-ICU, telestroke, telepsychiatry, and teledermatology.

North America was the largest region in the telehealth market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The data security concern associated with the potential mishandling of patient data is expected to hamper the growth of the telehealth market in the coming years. The healthcare sector is digitizing business management and data management systems and is introducing new technologies to increase performance and minimize costs, but many weaknesses have been identified in this technology in several cases. The healthcare sector is regularly targeted by cyber-criminals who are searching for some tool in their armor to carry out their hacks, and several of these attacks have been successful. According to the Healthcare Protection Vision Study from CyberMDX released in February 2020, nearly 30% of healthcare delivery organizations (HDOs) have suffered a data breach in the last 12 months. Therefore, the security concerns regarding patient data restrain the growth of the telehealth market.

In July 2020, BioTelemetry, Inc., a US-based remote medical technology company focused on the delivery of health information to improve quality of life and reduce the cost of care, acquired On.Demand, a remote patient monitoring (RPM) and coaching platform that is operated by Envolve People Care, Inc., for an undisclosed amount. Through this acquisition, BioTelemetry becomes an exclusive provider to Centene Medicaid members for diabetes RPM services. Envolve PeopleCare, Inc., a US-based company focused on transformative health management through education and empowerment.

The outbreak of COVID-19 propelled the growth of the telehealth market. Telehealth is recognized to be an effective tool in the fight against the coronavirus pandemic, to prevent the spread of the virus due to traveling to clinics and hospitals. Individuals, both patients and healthcare providers, are increasingly moving towards these online platforms. For instance, Teladoc Health, a virtual healthcare company based in the USA, has seen a huge increase in virtual visits, with an increase of 92% in total visits in the first quarter. Teladoc announced that the US subscription amounted to 43 million users in the first quarter of 2020, up 61% from 27 million users in the same quarter in 2019. Therefore, the outbreak of COVID-19 contributed to the growth of the telehealth market.

Major companies operating in the telehealth sector are focusing on developing advanced solutions for telehealth that help remote monitoring easily. For instance, in April 2020, Royal Philips, a technology company that is engaged in healthcare, lighting, and consumer well-being markets, introduced Avalon CL Fetal and Maternal Pod and Patch for remote monitoring. The goal of the new wireless Avalon CL Fetal and Maternal Pod and Patch is to minimize unwanted physical contacts between physicians and patients, which is of quite a significance during the COVID-19 pandemic.

The countries covered in the telehealth market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Teladoc Health Inc
  • American Well
  • MDLive
  • Doctor on Demand
  • GlobalMed
  • Siemens Healthineers
  • Cisco Systems, Inc
  • Medtronic
  • Dictum Health, Inc
  • Koninklijke Philips N.V.
  • GE Healthcare
  • AMC Health
  • Medvivo Group Ltd
  • Iron Bow Technologies
  • Telespecialists Llc
  • MedWeb
  • IMediplus Inc.
  • Vsee
  • Chiron Health
  • Zipnosis
  • Allscripts Healthcare Solutions
  • Honeywell International Inc.
  • Right Health
  • Boston Scientific Corporation
  • Care Innovations LLC
  • InTouch Technologies, Inc.
  • Encounter Telehealth
  • HelloMD
  • SnapMD, Inc.
  • OpenTeleHealth
Note: Product cover images may vary from those shown

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