Telehealth Market by Communication Technology (Video Conferencing and mHealth Solutions), Component (Software, Hardware, and Services), Delivery, and Region - Global Industry Analysis, Opportunities and Forecast up to 2029

Telehealth Market Size

The global Telehealth market size was valued at $164.95 billion in 2023 and is projected to reach $833.67 billion by 2029, growing at a CAGR of 31.0% during the forecast period. 

Telehealth Market Dynamics

• Increase in focus of key players toward bringing innovation to digital diagnostics, rise in demand for radiological services owing to high prevalence of chronic diseases such as congestive heart failure, orthopedic injuries and others are the major factors that propel the growth of the telehealth market.

• Additionally, significant increase in government expenditure on healthcare information (HCIT) sector and continuous advancements in medical diagnostic technologies are expected to provide lucrative opportunities for the growth of the telehealth market during the forecast years.

• Moreover, the rapid advancements in healthcare and the high demand of virtual consultation by physicians and patients will further accelerate the expansion of the telehealth market and are also offer significant growth opportunities for the market during the forecast period

• However, the high initial setup cost and error in sampling pathological data would be catastrophic for the global telehealth market.

Telehealth Market Overview

Telehealth also referred to as telemedicine or e-medicine, is the remote delivery of healthcare services, including exams and consultations, over the telecommunications infrastructure. Based on recent research, 90% have already started or implemented telemedicine programs within their organization. Telemedicine can reduce medical costs, improve efficiency and profitability, and offer patients better access to medical services. Even smaller, independent medical practice providers are starting to embrace telemedicine to compete with local retail clinics and stop losing their patients. By using the latest telemedicine features, your practice can reap numerous benefits. 

By Application, the Continuous Medical Education Segment Emerge as the Dominant Segment

The continuous medical education segment is emerged as the dominant segment during the forecast period. The continuous medical education segment is anticipated to grow due to the advantage of tele-education in reaching remote locations and training healthcare professionals to improve the quality of care delivery. The rising uptake of self-monitoring mobile apps and the increasing emphasis on healthy lifestyles will further boost the segment.

By Geography, North America Region Dominates by Being the Largest Market for Telehealth

North America accounted for a major share in the telehealth market and is expected to maintain its dominance during the forecast period, due to rising healthcare awareness coupled with cloud-based technologies acceptance over the forecast years. Furthermore, a developed region such as North America, has accounted for the maximum revenue share in the global industry due to constant R&D initiatives. Moreover, the presence of major players operating in the region fuels the growth of the market.

Some of the Key Players Profiled in the Report Include:

• AMC Health
• American Well
• Cerner Corporation
• Cisco Systems, Inc
• GE Healthcare
• Koninklijke Philips N.V
• MDLive
• Medtronic
• Siemens Healthineers
• Teladoc Health Inc

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Communication Technology:
• Video Conferencing
• mHealth Solutions

Market by, Component:
• Software
• Hardware
• Services

Market by, Delivery:
• Cloud-Based and Web-based
• On-Premises

Market by, Modality:
• Real-time (Synchronous
• Store-and-forward (Asynchronous)
• Remote Patient Monitoring

Market by, Application:
• Telemedicine
• Patient Monitoring
• Continuous Medical Education

Market by, End User:
• Healthcare Providers
• Payers
• Healthcare Consumers
• Other End Users

Market by, Geography:

The Telehealth Market report also analyzes the major geographic regions and countries for the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

Table Of Content

1 Market Overview             
    1.1 Introduction         
    1.2 Research Objectives        
    1.3 Market Segmentation        
    1.4 Stakeholders         
    1.5 List of Acronyms         
               
2 Executive Summary             
               
3 Research Methodology            
    3.1 Identification of Data        
    3.2 Evaluation of Market Dynamics       
    3.3 Collaboration of Data        
    3.4 Verification and Analysis        
    3.5 Data Sources         
    3.6 Assumptions         
                
4 Market Dynamics             
    4.1 Market Drivers         
           4.1.1 Increase in Prevalence of Chronic Diseases and Conditions
           4.1.2 Advancements in Telecommunications
    4.2 Market Restraints         
           4.2.1 Poor Infrastructure and Technological Barriers
    4.3 Market Opportunities        
           4.3.1 Increase In Technology Adoption During the Covid-19 Pandemic
    4.4 Market Challenges         
           4.4.1 Lack of Sufficient Data for Care Continuity
    4.5 Impact of COVID-19 on Telehealth Market      
               
5 Porter's Five Force Analysis            
    5.1 Bargaining Power of Suppliers        
    5.2 Bargaining Power of Buyers        
    5.3 Threat of New Entrants        
    5.4 Threat of Substitutes        
    5.5 Competitive Rivalry in the Market       
               
6 Global Telehealth Market by, Communication Technology         
    6.1 Overview         
    6.2 Video Conferencing         
    6.3 mHealth Solutions          
               
7 Global Telehealth Market by, Component          
    7.1 Overview         
    7.2 Software          
    7.3 Hardware         
    7.4 Services          
               
8 Global Telehealth Market by, Delivery           
    8.1 Overview         
    8.2 Cloud-Based and Web-based        
    8.3 On-Premises         
               
9 Global Telehealth Market by, Modality           
    9.1 Overview         
    9.2 Real-time (Synchronous        
    9.3 Store-and-forward (Asynchronous)       
    9.4 Remote Patient Monitoring        
               
10 Global Telehealth Market by, Application          
    10.1 Overview         
    10.2 Telemedicine         
    10.3 Patient Monitoring         
    10.4 Continuous Medical Education        
               
11 Global Telehealth Market by, End User           
    11.1 Overview         
    11.2 Healthcare Providers        
    11.3 Payers          
    11.4 Healthcare Consumers        
    11.5 Other End Users         
               
12 Global Telehealth Market by, Geography          
    12.1 Overview         
    12.2 North America         
             12.2.1 US 
             12.2.2 Canada 
             12.2.3 Mexico 
    12.3 Europe          
             12.3.1 Germany 
             12.3.2 France 
             12.3.3 UK 
             12.3.4 Italy 
             12.3.5 Spain 
             12.3.6 Rest of Europe
    12.4 Asia Pacific         
             12.4.1 China 
             12.4.2 Japan 
             12.4.3 India 
             12.4.4 South Korea
             12.4.5 Australia 
             12.4.6 New Zealand
             12.4.7 Rest of Asia Pacific
    12.5 South America         
             12.5.1 Brazil 
             12.5.2 Argentina
             12.5.3 Chile 
             12.5.4 Rest of South America
    12.6 Middle East & Africa        
             12.6.1 UAE 
             12.6.2 Saudi Arabia
             12.6.3 Qatar 
             12.6.4 Iran 
             12.6.5 South Africa
             12.6.6 Rest of Middle East & Africa
               
13 Key Developments             
               
14 Company Profiling             
    14.1 AMC Health         
             14.1.1 Business Overview
             14.1.2 Product/Service Offering
             14.1.3 Financial Overview
             14.1.4 SWOT Analysis
             14.1.5 Key Activities
    14.2 American Well         
    14.3 Cerner Corporation         
    14.4 Cisco Systems, Inc         
    14.5 GE Healthcare         
    14.6 Koninklijke Philips N.V        
    14.7 MDLive           
    14.8 Medtronic         
    14.9 Siemens Healthineers        
    14.10 Teladoc Health Inc