Market Overview:
The global telehealth market is expected to grow from USD 9.8 billion in 2018 to USD 29.3 billion by 2030, at a CAGR of 17.5% during the forecast period. The growth of the market can be attributed to the increasing demand for remote patient monitoring and rising prevalence of chronic diseases. Based on type, the global telehealth market is segmented into web-based, cloud-based, and on-premise telehealth solutions. The web-based segment is expected to account for the largest share of the global telehealth market in 2018. This can be attributed to its low cost and easy implementation compared with other types of telehealth solutions. Based on application, the global telehealth market is segmented into providers, payers, patients, employer groups, and government bodies segments.
Product Definition:
Telehealth is the use of electronic information and telecommunications technologies to support long-distance clinical health care, patient and professional health-related education, public health and health administration. It has been described as "the use of electronic information and communication technologies to support or enable delivery of healthcare at a distance".[1] Telehealth services include video conferencing, remote monitoring (of vital signs, for example), secure text messaging,[2][3] email[4][5], phone consultation/support,[6][7] transmission of medical images (such as X-rays),[8]and education.[9][10].
Web-based:
The global web-based telehealth market size was valued at USD 2.1 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for improved access to healthcare services, reduction in overall healthcare costs, and growing awareness among people regarding the benefits offered by it are some of the key factors driving growth globally during the forecast period from 2016 to 2022.
Cloud-based:
Cloud-based is a term used for software or applications that are hosted by a third party and can be remotely accessed. The data or information that is stored in the cloud can be recovered at any point of time with no loss of data. Cloud-based solutions offer various advantages such as increased access to patient health information, real-time sharing of patient health information, reduced storage space requirement, easy maintenance & management and cost effective among others.
Application Insights:
The providers segment dominated the global telehealth market in 2017. This is attributed to factors such as increasing demand for remote healthcare services due to growing awareness about diseases and their symptoms, coupled with an increase in the adoption of these services by medical professionals. For instance, according to a study published by NCBI in 2018, around 40% of patients prefer online consultation for health issues over visiting a doctor's office or hospital room. Furthermore, telemedicine helps reduce travel costs and time required for appointments at hospitals or clinics. These advantages are expected to drive the growth of this application segment over the forecast period.
The payers segment is anticipated register significant growth during the forecast period owing to rising awareness among organizations regarding employee health benefits and associated costs along with an increase in spending on employee benefits programs across various industries including financial services & insurance companies, public sector units (government bodies), manufacturing sectors ( pharmaceuticals & biotechnology companies).
Regional Analysis:
North America dominated the global telehealth market in 2017. The growth of this region can be attributed to various factors such as increasing penetration of internet and smartphones, rising demand for healthcare services, high adoption rate of new technologies, and favorable government initiatives. For instance, in 2014 OpenEHR was launched as an open-source software application that enables users to view electronic health records from different providers within a single interface. This has led to improved patient access to care which is further fueling the regional market growth over the forecast period.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to several factors such as improving healthcare infrastructure due remote consultation using video call or voice call technology along with growing awareness about telehealth among patients and their families resulting in increased demand for these services leading towards economic development thereby creating significant opportunities for industry players during the projected time frame.
Growth Factors:
- Increasing demand for telehealth services from aging population
- Rising prevalence of chronic diseases and other lifestyle-related health conditions
- Rapid technological advancements and growing adoption of telehealth solutions by healthcare providers
- Growing awareness about the benefits of telehealth among patients and healthcare professionals
- Government initiatives to promote the use of telehealth services
Scope Of The Report
Report Attributes
Report Details
Report Title
Telehealth Market Research Report
By Type
Web-based, Cloud-based, On-premise
By Application
Providers, Payers, Patients, Employer groups, Government bodies
By Companies
Philips Healthcare, Medtronic, Honeywell Life Care Solutions, Tunstall Healthcare, Care Innovations, Cerner, Cisco, Medvivo, Globalmedia, Aerotel Medical Systems, AMD Global Telemedicine, American Well, Intouch Health, Vidyo
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Telehealth Market Report Segments:
The global Telehealth market is segmented on the basis of:
Types
Web-based, Cloud-based, On-premise
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Providers, Payers, Patients, Employer groups, Government bodies
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Philips Healthcare
- Medtronic
- Honeywell Life Care Solutions
- Tunstall Healthcare
- Care Innovations
- Cerner
- Cisco
- Medvivo
- Globalmedia
- Aerotel Medical Systems
- AMD Global Telemedicine
- American Well
- Intouch Health
- Vidyo
Highlights of The Telehealth Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Web-based
- Cloud-based
- On-premise
- By Application:
- Providers
- Payers
- Patients
- Employer groups
- Government bodies
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Telehealth Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Telehealth is a term used to describe the use of telecommunications technology to provide health care services. Telehealth can be used for a variety of purposes, including providing remote patient monitoring, prescribing medications, and providing mental health services.
Some of the major companies in the telehealth market are Philips Healthcare, Medtronic, Honeywell Life Care Solutions, Tunstall Healthcare, Care Innovations, Cerner, Cisco, Medvivo, Globalmedia, Aerotel Medical Systems, AMD Global Telemedicine, American Well, Intouch Health, Vidyo.
The telehealth market is expected to register a CAGR of 17.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Telehealth Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Telehealth Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Telehealth Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Telehealth Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Telehealth Market Size & Forecast, 2020-2028
4.5.1 Telehealth Market Size and Y-o-Y Growth
4.5.2 Telehealth Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Web-based
5.2.2 Cloud-based
5.2.3 On-premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Providers
6.2.2 Payers
6.2.3 Patients
6.2.4 Employer groups
6.2.5 Government bodies
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Telehealth Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Telehealth Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Web-based
9.6.2 Cloud-based
9.6.3 On-premise
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Providers
9.10.2 Payers
9.10.3 Patients
9.10.4 Employer groups
9.10.5 Government bodies
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Web-based
10.6.2 Cloud-based
10.6.3 On-premise
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Providers
10.10.2 Payers
10.10.3 Patients
10.10.4 Employer groups
10.10.5 Government bodies
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Web-based
11.6.2 Cloud-based
11.6.3 On-premise
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Providers
11.10.2 Payers
11.10.3 Patients
11.10.4 Employer groups
11.10.5 Government bodies
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Web-based
12.6.2 Cloud-based
12.6.3 On-premise
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Providers
12.10.2 Payers
12.10.3 Patients
12.10.4 Employer groups
12.10.5 Government bodies
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Web-based
13.6.2 Cloud-based
13.6.3 On-premise
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Providers
13.10.2 Payers
13.10.3 Patients
13.10.4 Employer groups
13.10.5 Government bodies
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Telehealth Market: Competitive Dashboard
14.2 Global Telehealth Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips Healthcare
14.3.2 Medtronic
14.3.3 Honeywell Life Care Solutions
14.3.4 Tunstall Healthcare
14.3.5 Care Innovations
14.3.6 Cerner
14.3.7 Cisco
14.3.8 Medvivo
14.3.9 Globalmedia
14.3.10 Aerotel Medical Systems
14.3.11 AMD Global Telemedicine
14.3.12 American Well
14.3.13 Intouch Health
14.3.14 Vidyo
