Telehealth Market Size, Share, Analysis Report

Telehealth Market By Component Analysis (Hardware, Software, Services); By Delivery mode Analysis (On –Premise, Web, Cloud); By End User Analysis (Healthcare Providers, Payers, Patients) and By Regional Analysis – Global Forecast by

The Global Telehealth Market is expected to be around US$ 34 Billion by 2028 at a CAGR of 27.5% in the given forecast period.

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MARKET SNAPSHOT

Major Players

  • Medtronic plc
  • Honeywell Life Care Solutions
  • Tunstall Healthcare
  • Care Innovations
  • Cerner Corporation
  • Study period:

    2023-2028

    Base Year:

    2022

    CAGR:

    27

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    Delivery of fitness related solutions and information through telecommunications technologies is named as telehealth. The term is simple as healthcare specialists discussing a particular case over telephone, while acting robotic surgical procedure among healthcare facilities located at special elements of the globe. Telehealth gives patients good outcomes due to timelier get entry to specialists. Who can have interaction established requirements of healthcare connected with their medical order while analyzing the patient. Moreover, it assists clinical staffs to get entry to healthcare specialist community to offer paramount take care of both their patients as well as network.

    How Big is The Global Telehealth Market?

    The Global Telehealth Market is expected to be around US$ 34 Billion by 2028 at a CAGR of 27.5% in the given forecast period.

    The major driving factors of Global Telehealth Market are as follows:

    • Increasing number of chronical diseases
    • Rising aging population
    • Shortage of physicians and healthcare professionals globally
    • New developments in telecommunication infrastructure
    • Innovative technological advancements

    The restraining factors of Global Telehealth Market are as follows:

    • Concern related with the safety of the medical data
    • Small success rate in minimizing outpatient attendance
    • No proper reimbursement policy
    • Dearth of telehealth standards and lack of awareness and knowledge
    • Refusal from traditional healthcare providers

    The Global Telehealth Market is segmented on the lines of its component, delivery mode, end user and regional. Based on component segmentation it covers hardware, software, services and others. Under delivery mode segmentation it covers on premise, web and cloud based. Based on end user segmentation it covers healthcare providers, payers, patients and others. The Global Telehealth Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

    This report provides:

    1) An overview of the global market for Telehealth and related technologies.

    2) Analyses of global market trends, with data from 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2028.

    3) Identifications of new market opportunities and targeted promotional plans for Global Telehealth Market.

    4) Discussion of research and development, and the demand for new products and new applications.

    5) Comprehensive company profiles of major players in the industry.

    REPORT SCOPE:

    The scope of the report includes a detailed study of global and regional markets for Global Telehealth Market with the reasons given for variations in the growth of the industry in certain regions.
     
    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Medtronic plc (Ireland), Honeywell Life Care Solutions (U.S.), Tunstall Healthcare (U.K.), Care Innovations (U.S.), Cerner Corporation (U.S.), Cisco Systems, Inc. (U.S.),Philips Healthcare (The Netherlands), Medvivo Group Ltd. (U.K.), GlobalMedia Group, LLC (U.S.), Aerotel Medical Systems Ltd. (Israel), AMD Global Telemedicine, Inc. (U.S.), American Well (U.S.), InTouch Health (U.S.), and Vidyo, Inc. (U.S.) Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
     
    The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

    The Global Telehealth Market has been segmented as below:

    By Component Analysis

    • Hardware
    • Software
    • Services
    • Others

    By Delivery mode Analysis

    • On -Premise
    • Web
    • Cloud

    By End User Analysis

    • Healthcare Providers
    • Payers
    • Patients
    • Others

    By Regional Analysis

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Reasons to Buy this Report:

    1) Obtain the most up to date information available on all Global Telehealth Market.
    2) Identify growth segments and opportunities in the industry.
    3) Facilitate decision making on the basis of strong historic and forecast of Global Telehealth Market data.
    4) Assess your competitor’s refining portfolio and its evolution.

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    1    INTRODUCTION     

        1.1    Key Take Aways    
        1.2    Report Description    
        1.3    Markets Covered    
        1.4    Stakeholders    
        1.5    Research Methodology    
            1.5.1    Market Size    
            1.5.2    Market Share    
            1.5.3    Key Data Points From Secondary Sources    
            1.5.4    Key Data Points From Primary Sources

    2 Research Methodology 

        2.1 Research Methodology Steps 
        2.2 Secondary and Primary Research Methodology 
               2.2.1 Secondary Research
               2.2.2 Primary Research
                        2.2.2.1 Key Industry Insights
                        2.2.2.2 Key Data From Primary Sources
                        2.2.2.3 Key Insights From Primary Sources
        2.3 Telehealth Market Size Estimation Methodology 
        2.4 Telehealth Market Data Validation and Triangulation 
               2.4.1 Assumptions for the Study

    3 Executive Summary 

        3.1 Introduction 
        3.2 Conclusion

    4 Premium Insights 

        4.1 Telehealth: Market Overview 
        4.2 Geographic Analysis: Telehealth Market, By End User 
        4.3 Geographic Snapshot: Global Telehealth Market 
        4.4 Global Telehealth Market, By Component (2018 vs 2024)

    5 Market Overview 

        5.1 Introduction 
        5.2 Telehealth Market Dynamics 
        5.3 Telehealth Market Drivers 
               5.3.1 Growth in the Aging Population
               5.3.2 Rising Prevalence of Chronic Diseases
               5.3.3 Shortage of Healthcare Professionals Worldwide
               5.3.4 Improvements in Telecommunication Infrastructure
               5.3.5 Technological Advancements
               5.3.6 Benefits of Telehealth
               5.3.7 Need for Affordable Treatment Options Due to Rising Healthcare Costs
        5.4 Market Restraints 
               5.4.1 Legality, Privacy, and Security Concerns
               5.4.2 Limited Reimbursements in the U.S.
        5.5 Market Opportunities 
               5.5.1 Benefits Offered By Wearable Technologies
               5.5.2 Developments in Key Enabling Technologies
        5.6 Market Challenges 
               5.6.1 Lack of Telehealth Standards and Limited Awareness
               5.6.2 Resistance From Traditional Healthcare Providers
               5.6.3 Poor Internet Availability in Underdeveloped and Developing Countries

    6 Telehealth Market, By Component

        6.1 Introduction 
        6.2 Services 
               6.2.1 Remote Monitoring
               6.2.2 Real-Time Interactions
               6.2.3 Store-And-Forward Consultations
        6.3 Software 
               6.3.1 Integrated Software
               6.3.2 Standalone Software
        6.4 Hardware 
               6.4.1 Monitors
               6.4.2 Medical Peripheral Devices
                        6.4.2.1 Blood Pressure Monitors
                        6.4.2.2 Blood Glucose Meters
                        6.4.2.3 Weight Scales
                        6.4.2.4 Pulse Oximeters
                        6.4.2.5 Peak Flow Meters
                        6.4.2.6 Ecg Monitors
                        6.4.2.7 Other Medical Peripheral Devices

    7 Telehealth Market, By Mode of Delivery 

        7.1 Introduction 
        7.2 Web-Based Delivery Mode 
        7.3 Cloud-Based Delivery Mode 
        7.4 On-Premise Delivery Mode

    8 Telehealth Market, By End User 

        8.1 Introduction 
        8.2 Providers 
        8.3 Payers 
        8.4 Patients 
        8.5 Other End Users

    9 Telehealth Market, By Region 

        9.1 Introduction 
        9.2 North America 
               9.2.1 U.S.
                        9.2.1.1 Rising Healthcare Costs in the U.S.
                        9.2.1.2 Limited Telehealth Coverage in the U.S.
                        9.2.1.3 Upcoming Regulatory Policies
                        9.2.1.4 Rising Prevalence of Chronic Diseases, Shortage of Physicians
                        9.2.1.5 Increasing in Aging Population
                        9.2.1.6 Implementation of the Affordable Care Act (ACA)
                        9.2.1.7 Increasing Funding for Telehealth
               9.2.2 Canada
                        9.2.2.1 Increasing Healthcare Spending in Canada
                        9.2.2.2 Conferences on Telehealth
                        9.2.2.3 Increasing Usage of Mobile Devices
        9.3 Europe 
               9.3.1 United4health Project
               9.3.2 Increasing Aging Population and Healthcare Costs
               9.3.3 Rising Adoption of Electronic Health Records
               9.3.4 U.K.
                        9.3.4.1 Increasing Hcit Penetration
                        9.3.4.2 Conferences and Workshops to Increase Awareness
               9.3.5 Germany
                        9.3.5.1 Strong Insurance System and Telehealth Initiatives
               9.3.6 France
                        9.3.6.1 Growth in Geriatric Population
               9.3.7 Italy
                        9.3.7.1 Emphasis on Chronic Care Programs and Integration of Care in Italy
               9.3.8 Spain
                        9.3.8.1 Growing Focus of Public and Private Players in Telehealth
               9.3.9 RoE
               9.3.10 Finland
                        9.3.10.1 Growing Focus of Local Players on the Telehealth Market
               9.3.11 Denmark
                        9.3.11.1 Rising Utilization of Telehealth Services
        9.4 Asia-Pacific 
               9.4.1 Rising Aging Population in Japan
               9.4.2 Japan’s ICT Fund to Support the Adoption of Hcit Solutions
               9.4.3 Favorable Initiatives for the Adoption of Telepathology in China
               9.4.4 Low Doctor-Patient Ratio and High Internet Penetration in India
               9.4.5 Rapidly Growing Healthcare Industry in India
               9.4.6 Growing Medical Tourism Industry in Asia
               9.4.7 Increasing Number of Hcit Programs and Rising Prevalence of Chronic Diseases in Australia
               9.4.8 Increasing Funding for Telehealth in Australia
        9.5 Rest of the World 
               9.5.1 Increasing Healthcare Investments in the Middle East
               9.5.2 Collaborations and Partnerships Between International Players, Universities, and Hospitals in Latin America
               9.5.3 Increasing Use of Telemedicine in Chilean Hospitals
               9.5.4 Telehealth Initiatives in Brazil
               9.5.5 Telemedicine University Network (Rute)
               9.5.6 The National Telehealth Primary Care Program
               9.5.7 Latin America: Etmo Initiative
               9.5.8 Active Role of Government Institutes and Increasing Telehealth Programs
               9.5.9 Rise in Public-Private Partnerships in Africa

    10 Competitive Landscape 

         10.1 Overview 
                 10.1.1 Introduction
         10.2 Competitive Situation and Trends 
         10.3 Market Share Analysis 
                 10.3.1 Philips Healthcare
                 10.3.2 Medtronic, Inc.
         10.4 Agreements, Collaborations, Partnerships, Mergers, and Alliances 
         10.5 Product Launches 
         10.6 Marketing and Promotional Activities 
         10.7 Acquisitions 
         10.8 Other Developments 
         10.9 Empirical Assessment of Growth Strategies 
                 10.9.1 Route to Growth: Organic vs Inorganic Strategies
                            10.9.1.1 Inorganic Growth Strategies
                            10.9.1.2 Organic Growth Strategies

    11 Company Profiles 

         11.1 Philips Healthcare 
         11.2 Medtronic PLC 
         11.3 Honeywell Life Care Solutions (A Honeywell International, Inc. Company) 
         11.4 Tunstall Healthcare 
         11.5 Care Innovations (A Subsidiary of Intel Corporation) 
         11.6 Cerner Corporation 
         11.7 Cisco Systems, Inc. 
         11.8 Medvivo Group Ltd. 
         11.9 Globalmedia Group, LLC 
         11.10 Aerotel Medical Systems Ltd. 
         11.11 AMD Global Telemedicine, Inc. 
         11.12 American Well 
         11.13 Intouch Health 
         11.14 Vidyo, Inc.

    The Global Telehealth Market has been segmented as below:

    By Component Analysis

    • Hardware
    • Software
    • Services
    • Others

    By Delivery mode Analysis

    • On -Premise
    • Web
    • Cloud

    By End User Analysis

    • Healthcare Providers
    • Payers
    • Patients
    • Others

    By Regional Analysis

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Got a question? We've got answers. If you have some other questions, see our support center.

    The market is expected to grow at a CAGR of 27.5% during the study period (2023-2028)
    The Global Telehealth Market is expected to be around US$ 34 Billion by 2028
    The segment included in the Telehealth Market is Component, Delivery mode, End User and region.
    Some key players operating in the Telehealth Market include Medtronic plc (Ireland), Honeywell Life Care Solutions (U.S.), Tunstall Healthcare (U.K.), Care Innovations (U.S.), Cerner Corporation (U.S.), Cisco Systems, Inc. (U.S.)
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