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Global Telehealth Market Report and Forecast 2024-2032

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  • 140 Pages
  • April 2024
  • Region: Global
  • Expert Market Research
  • ID: 5797985

Global Telehealth Market Overview

The global telehealth market size was valued at USD 128.50 billion in 2023, driven by increased access to healthcare and increasing adoption of telehealth platforms across the globe. The market size is anticipated to grow at a CAGR of 22.97% during the forecast period of 2024-2032 to achieve a value of USD 825 billion by 2032. Telehealth is the delivery of health care services and information through electronic and telecommunication technologies, such as videoconferencing, remote monitoring, mobile health applications, and online portals. Telehealth enables patients to access quality care at lower costs, improves health outcomes, and enhances patient satisfaction and engagement. Telehealth also offers benefits to health care providers, such as increased efficiency, reduced travel time, expanded reach, and improved patient retention and loyalty.

Global Telehealth Market Drivers and Constraints

The major drivers of the global telehealth market are:

  • The rising prevalence of chronic diseases, such as diabetes, cardiovascular diseases, and cancer, which require continuous monitoring and management.
  • The aging population and the increasing demand for home-based and personalized care.
  • The shortage of health care professionals and the uneven distribution of health care resources, especially in rural and remote areas.
  • The technological advancements and innovations in telehealth platforms, devices, and software, such as artificial intelligence, cloud computing, big data analytics, and blockchain.
  • The supportive government policies and initiatives that promote the adoption and reimbursement of telehealth services.
  • The growing awareness and acceptance of telehealth among patients and providers, as well as the increased preference for convenience and accessibility.

The major constraints of the global telehealth market are:

  • The lack of standardized regulations and guidelines for telehealth across different countries and regions, which create legal and ethical challenges and uncertainties.
  • The high initial costs and maintenance of telehealth infrastructure and equipment, such as broadband connectivity, hardware, and software.
  • The security and privacy risks associated with the transmission and storage of sensitive health data, such as hacking, data breaches, and identity theft.
  • The resistance and reluctance of some health care providers and patients to adopt telehealth, due to the perceived loss of human touch, quality, and trust.
  • The technical and operational challenges, such as interoperability, integration, compatibility, and reliability of telehealth systems and devices.

Global Telehealth Market Trends and Developments

The global telehealth market is witnessing several trends and developments that are shaping its future, such as:
  • Rapid Adoption Due to COVID-19: The pandemic has led to a significant increase in the adoption of telehealth services, as healthcare providers and patients sought safe and convenient ways to continue medical consultations and treatments.
  • Technological Advancements: Innovations in technology, such as AI-powered diagnostics, wearable devices for remote monitoring, and secure video conferencing platforms, are enhancing the effectiveness and accessibility of telehealth services.
  • Expansion of Services: Telehealth is expanding beyond traditional consultations to include a wider range of services, such as remote patient monitoring, mental health therapy, and chronic disease management.
  • Regulatory Changes: Many countries have implemented regulatory changes to facilitate the use of telehealth services. This includes relaxing restrictions on cross-state licensure for healthcare providers and increasing reimbursement for telehealth services.
  • Integration with Electronic Health Records (EHR): The integration of telehealth platforms with EHR systems is improving the continuity of care by ensuring that patient data is easily accessible and up to date.
  • Growing Acceptance Among Patients and Providers: Both patients and healthcare providers are becoming more comfortable with using telehealth services, recognizing their convenience and effectiveness.
  • Increased Focus on Mental Health: The demand for telehealth services for mental health has surged, driven by the increased stress and anxiety caused by the pandemic and the convenience of remote therapy sessions.
  • Collaborations and Partnerships: Healthcare providers, technology companies, and insurers are forming partnerships to develop and offer comprehensive telehealth solutions.
  • Global Expansion: While initially more prevalent in developed countries, telehealth services are rapidly expanding in emerging economies, driven by the need to improve healthcare access in rural and underserved areas.

Global Telehealth Market Segmentation

The global telehealth market can be segmented by component, mode of delivery, application, end-user, and region.

Market Breakup by Products

  • Hardware
  • Monitors
  • Medical Peripheral Devices
  • Blood Pressure Meters
  • Blood Glucose Monitors
  • Weighing Scales
  • Pulse Oximeters
  • Peak Flow Meters
  • ECG Monitors
  • Other Devices
  • Software
  • Standalone Software
  • Integrated Software
  • Services
  • Remote Patient Monitoring Devices
  • Medical Call Centers Manned by Healthcare Professionals
  • Real Time Interactions
  • Store And Forward
  • Other Services

Market Breakup by Mode of Delivery

  • On-Premises
  • Web-Based
  • Cloud-Based

Market Breakup by Disease Area

  • Telecardiology
  • Telepsychiatry
  • Tele Diabetes
  • Tele Neurology
  • Sleep Apnea
  • Gastroenterology
  • Oncology
  • General Medicine
  • Others

Market Breakup by End User

  • Healthcare Providers
  • Healthcare Consumers
  • Payers
  • Others

Market Breakup by Region

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

Global Telehealth Market Competitive Landscape

The global telehealth market is highly competitive and fragmented, with the presence of several local and global players.

The telehealth market is characterized by the presence of leading companies that have significantly contributed to the advancement and widespread adoption of telehealth services worldwide. Teladoc Health, Inc. stands out as a prominent provider of virtual healthcare services, while Koninklijke Philips N.V. and Medtronic Plc are globally recognized for their innovative healthcare solutions that include telehealth technologies. Cisco Systems, Inc. and IBM are key players in the provision of technology and infrastructure that support telehealth platforms, ensuring secure and efficient communication between patients and healthcare providers.

Oracle and Siemens Healthineers AG bring to the market a combination of software solutions and medical technology that facilitate remote patient monitoring and diagnostic services. F. Hoffmann-La Roche Ltd and Tunstall Group are known for their contributions to healthcare through advanced diagnostics and telecare solutions, respectively. American Well and CareCloud, Inc. specialize in offering platforms and services that enable healthcare providers to deliver telehealth services effectively.

eClinicalWorks and AMD Global Telemedicine are pivotal in providing electronic health records and telemedicine solutions that enhance patient care and accessibility. GE Healthcare and Cerner Corporation are at the forefront of integrating telehealth into their broad range of healthcare technologies and services, improving outcomes and expanding access to care. MD Live offers direct-to-consumer telehealth services, providing convenient access to healthcare professionals. Olympus Corporation and Toshiba Medical Systems, though primarily known for their medical imaging and diagnostic equipment, have also ventured into telehealth, further broadening the scope of services and technologies available in this rapidly evolving field. Together, these companies form a dynamic ecosystem that is driving the future of healthcare through telehealth innovations.

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Table of Contents

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 (2017-2023)
3.2 Global Telehealth Market Forecast Value (2024-2032)
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 Mode of Delivery
4.2.3 Analysis by Disease Area
5 Global Telehealth Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.2.1 Strengths
5.2.2 Weaknesses
5.2.3 Opportunities
5.2.4 Threats
5.3 Porter’s Five Forces Model
5.3.1 Bargaining Power of Suppliers
5.3.2 Bargaining Power of Buyers
5.3.3 Threat of New Entrants
5.3.4 Threat of Substitutes
5.3.5 Degree of Rivalry
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 Segmentation (2017-2032)
6.1 Global Telehealth Market (2017-2032) by Products
6.1.1 Market Overview
6.1.2 Hardware Monitors Medical Peripheral Devices Blood Pressure Meters Blood Glucose Monitors Weighing Scales Pulse Oximeters Peak Flow Meters ECG Monitors Other Devices
6.1.3 Software Standalone Software Integrated Software
6.1.4 Services Remote Patient Monitoring Devices Medical Call Centers Manned by Healthcare Professionals Real Time Interactions Store And Forward Other Services
6.2 Global Telehealth Market (2017-2032) by Mode of Delivery
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 (2017-2032) by Disease Area
6.3.1 Market Overview
6.3.2 Telecardiology
6.3.3 Telepsychiatry
6.3.4 Tele Diabetes
6.3.5 Tele 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 (2017-2032) 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 (2017-2032) 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 (2017-2032)
7.1 North America Telehealth Market (2017-2032) by Mode of Delivery
7.1.1 Market Overview
7.1.2 On-Premises
7.1.3 Web-Based
7.1.4 Cloud-Based
7.2 North America Telehealth Market (2017-2032) by Disease Area
7.2.1 Market Overview
7.2.2 Telecardiology
7.2.3 Telepsychiatry
7.2.4 Tele Diabetes
7.2.5 Tele Neurology
7.2.6 Sleep Apnea
7.2.7 Gastroenterology
7.2.8 Oncology
7.2.9 General Medicine
7.2.10 Others
7.3 North America Telehealth Market (2017-2032) by Country
7.3.1 United States of America
7.3.2 Canada
8 Europe Telehealth Market (2017-2032)
8.1 Europe Telehealth Market (2017-2032) by Mode of Delivery
8.1.1 Market Overview
8.1.2 On-Premises
8.1.3 Web-Based
8.1.4 Cloud-Based
8.2 Europe Telehealth Market (2017-2032) by Disease Area
8.2.1 Market Overview
8.2.2 Telecardiology
8.2.3 Telepsychiatry
8.2.4 Tele Diabetes
8.2.5 Tele Neurology
8.2.6 Sleep Apnea
8.2.7 Gastroenterology
8.2.8 Oncology
8.2.9 General Medicine
8.2.10 Others
8.3 Europe Telehealth Market (2017-2032) by Country
8.3.1 United Kingdom
8.3.2 Germany
8.3.3 France
8.3.4 Italy
8.3.5 Others
9 Asia Pacific Telehealth Market (2017-2032)
9.1 Asia Pacific Telehealth Market (2017-2032) by Mode of Delivery
9.1.1 Market Overview
9.1.2 On-Premises
9.1.3 Web-Based
9.1.4 Cloud-Based
9.2 Asia Pacific Telehealth Market (2017-2032) by Disease Area
9.2.1 Market Overview
9.2.2 Telecardiology
9.2.3 Telepsychiatry
9.2.4 Tele Diabetes
9.2.5 Tele Neurology
9.2.6 Sleep Apnea
9.2.7 Gastroenterology
9.2.8 Oncology
9.2.9 General Medicine
9.2.10 Others
9.3 Asia Pacific Telehealth Market (2017-2032) by Country
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 ASEAN
9.3.5 Australia
9.3.6 Others
10 Latin America Telehealth Market (2017-2032)
10.1 Latin America Telehealth Market (2017-2032) by Mode of Delivery
10.1.1 Market Overview
10.1.2 On-Premises
10.1.3 Web-Based
10.1.4 Cloud-Based
10.2 Latin America Telehealth Market (2017-2032) by Disease Area
10.2.1 Market Overview
10.2.2 Telecardiology
10.2.3 Telepsychiatry
10.2.4 Tele Diabetes
10.2.5 Tele Neurology
10.2.6 Sleep Apnea
10.2.7 Gastroenterology
10.2.8 Oncology
10.2.9 General Medicine
10.2.10 Others
10.3 Latin America Telehealth Market (2017-2032) by Country
10.3.1 Brazil
10.3.2 Argentina
10.3.3 Mexico
10.3.4 Others
11 Middle East and Africa Telehealth Market (2017-2032)
11.1 Middle East and Africa Telehealth Market (2017-2032) by Mode of Delivery
11.1.1 Market Overview
11.1.2 On-Premises
11.1.3 Web-Based
11.1.4 Cloud-Based
11.2 Middle East and Africa Telehealth Market (2017-2032) by Disease Area
11.2.1 Market Overview
11.2.2 Telecardiology
11.2.3 Telepsychiatry
11.2.4 Tele Diabetes
11.2.5 Tele Neurology
11.2.6 Sleep Apnea
11.2.7 Gastroenterology
11.2.8 Oncology
11.2.9 General Medicine
11.2.10 Others
11.3 Middle East and Africa Telehealth Market (2017-2032) by Country
11.3.1 Saudi Arabia
11.3.2 United Arab Emirates
11.3.3 Nigeria
11.3.4 South Africa
11.3.5 Others
12 Regulatory Framework
12.1 Regulatory Overview
12.1.1 US FDA
12.1.2 EU EMA
12.1.5 Others
13 Patent Analysis
13.1 Analysis by Type of Patent
13.2 Analysis by Publication year
13.3 Analysis by Issuing Authority
13.4 Analysis by Patent Age
13.5 Analysis by CPC Analysis
13.6 Analysis by Patent Valuation
13.7 Analysis by Key Players
14 Grants Analysis
14.1 Analysis by Year
14.2 Analysis by Amount Awarded
14.3 Analysis by Issuing Authority
14.4 Analysis by Grant Application
14.5 Analysis by Funding Institute
14.6 Analysis by Departments
14.7 Analysis by Recipient Organization
15 Funding and Investment Analysis
15.1 Analysis by Funding Instances
15.2 Analysis by Type of Funding
15.3 Analysis by Funding Amount
15.4 Analysis by Leading Players
15.5 Analysis by Leading Investors
15.6 Analysis by Geography
16 Partnership and Collaborations Analysis
16.1 Analysis by Partnership Instances
16.2 Analysis by Type of Partnership
16.3 Analysis by Leading Players
16.4 Analysis by Geography
17 Supplier Landscape
17.1 Teladoc Health, Inc.
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 Koninklijke Philips N.V.
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 Plc
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 Cisco Systems, 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 IBM
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 Oracle
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 Siemens Healthineers AG
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 F. Hoffmann-La Roche Ltd
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 Tunstall Group
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 American Well
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 CareCloud, Inc.
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 eClinicalWorks
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 AMD Global Telemedicine
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 GE Healthcare
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 Cerner Corporation
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 MD Live
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 Olympus Corporation
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
17.18 Toshiba Medical Systems
17.18.1 Financial Analysis
17.18.2 Product Portfolio
17.18.3 Demographic Reach and Achievements
17.18.4 Mergers and Acquisitions
17.18.5 Certifications
List not exhaustive
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.
* The coverage of the Market Landscape section depends on the data availability and may cover a minimum of 80% of the total market. The research team strives to make this section as comprehensive as possible.

Companies Mentioned

  • Teladoc Health Inc.
  • Koninklijke Philips N.V.
  • Medtronic Plc
  • Cisco Systems Inc.
  • IBM
  • Oracle
  • Siemens Healthineers AG
  • F. Hoffmann-La Roche Ltd
  • Tunstall Group
  • American Well
  • CareCloud Inc.
  • eClinicalWorks
  • AMD Global Telemedicine
  • GE Healthcare
  • Cerner Corporation
  • MD Live
  • Olympus Corporation
  • Toshiba Medical Systems