Telehealth Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F

The Telehealth Market was valued at USD 85.57 Billion in 2024, and is expected to reach USD 135.08 Billion by 2030, rising at a CAGR of 8.05%. Telehealth refers to the delivery of healthcare and related services using telecommunication technologies and electronic information systems. It enables remote communication between patients and healthcare providers, overcoming geographical barriers and increasing access to care.

Through various digital platforms such as video calls, phone consultations, mobile apps, and online health portals, telehealth supports a wide range of services. These services include patient education, real-time consultations, remote monitoring of chronic conditions, medication reminders, health interventions, and even virtual admissions. This digital approach allows physicians to offer timely advice and care without the need for in-person visits, which is especially beneficial for individuals in rural or underserved areas, as well as those with mobility challenges.

Telehealth not only enhances convenience and efficiency for patients and providers but also plays a crucial role in preventive care and ongoing disease management. It can be integrated across multiple specialties such as mental health, primary care, dermatology, and rehabilitation, contributing to a more connected and responsive healthcare ecosystem. For instance, in March 2023, Koninklijke Philips launched its Virtual Care Management portfolio to boost its global telehealth presence. The program helps reduce hospital staff workload and care costs by enabling providers to deliver virtual therapy, psychiatry coaching, and digital mental health services through remote consultations, offering a comprehensive end-to-end healthcare solution.

Key Market Drivers

Growing Incidences and Prevalence of Chronic Diseases

The rising prevalence of chronic diseases such as cardiovascular diseases (CVDs), cancer, Alzheimer's disease, asthma, chronic obstructive pulmonary diseases (COPDs and diabetes is driving the demand for telehealth services and solutions. For instance, according to the World Health Organization (WHO), global diabetes prevalence increased from 7% in 1990 to 14% in 2022. The WHO also reported that diabetes directly caused 1.6 million deaths in 2021, with nearly 47% of those fatalities occurring in individuals under the age of 70, highlighting its growing impact. Various factors, including sedentary lifestyles, physiological changes in the body, and unhealthy diets, significantly contribute to the increasing incidence of chronic diseases.

Telehealth utilization facilitates effective chronic disease management, enabling timely consultations with medical professionals through mobile devices, live videos, and other smart digital tools. It offers cost-effective patient care by reducing hospitalizations and frequent visits to healthcare facilities. The global cancer cases are on the rise. For instance, in 2018, the Centers for Disease Control and Prevention (CDC) reported that 23.31 million adults aged 18 years and above were diagnosed with cancer in the US alone. This surge in cancer patients imposes a substantial cost burden on individuals and governments. In fact, the CDC projects that the cost of cancer care in the US will increase by USD 174 billion by 2022. With the escalating incidence of chronic diseases, there is a growing need to provide cost-effective care to patients in remote areas, which will drive the growth of the global telehealth market.

Key Market Challenges

Privacy And Data Security Concerns

Privacy and data security concerns pose significant challenges that hinder market growth. Telehealth has emerged as an effective alternative to conventional healthcare delivery methods. Technological advancements have broadened the possibilities for enhanced healthcare services for patients. The collection and aggregation of data, encompassing patients' health details and clinical information, play a vital role in delivering patient care through telehealth technology.

Routine data from patients' medical devices or mobile applications is shared with medical professionals to enable regular monitoring of their health. However, there exist major threats that can impede the widespread adoption of telehealth services. Unauthorized access to medical data, data theft, data breaches, hacking, and the potential loss of data during transmission on cloud-based networks are among the significant concerns. These factors may restrict the growth of the telehealth market during the forecast period.

Key Market Trends

Integration of Artificial Intelligence

Artificial intelligence models have the capability to analyze patient data and generate personalized treatment plans, taking into account an individual's medical history, genetic makeup, and lifestyle factors. This high level of personalization can result in more effective treatments and improved patient compliance. AI-powered chatbots and virtual health assistants can provide basic medical advice, address common health-related inquiries, and assist patients in managing chronic conditions. By doing so, these technologies alleviate some of the burdens on healthcare providers and enhance patient engagement. Consequently, the integration of AI-based models in telehealth tools presents a significant opportunity for the market.

Key Market Players

• Aerotel Medical Systems Ltd.
• American Well Corp.
• Appello Careline Ltd.
• Cerner Corp.
• Cisco Systems Inc.
• Dictum Health Inc.
• Enghouse Systems Ltd.
• Evernorth Health Inc.
• General Electric Co.
• Hewlett Packard Enterprise Co.

Report Scope:

In this report, the Global Telehealth Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Telehealth Market, By Type:

• Software
• Systems
• Hardware
• Telecommunication

Telehealth Market, By Delivery Mode:

• Cloud-Based Delivery Mode
• Web-Based Delivery Mode
• On-Premises Delivery Mode

Telehealth Market, By Application:

• General Consultation
• Cardiology
• Gynaecology
• Ophthalmology
• Orthopaedics
• Others

Telehealth Market, By End User:

• Hospitals
• Physician Telehealth
• Home Telehealth

Telehealth Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia-Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Telehealth Market.

Available Customizations:

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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