Telehealth Market

Telehealth Market Size, Trends & Analysis - Forecasts to 2027 By Type (Tele-hospitals, Tele-homes and mHealth [Mobile Health]) By Application (Telepathology, Telecardiology, Teleradiology, Teledermatology, Telepsychiatry, Other Applications) By Component (Hardware, Software and Services), By Mode of Delivery(On-premise Delivery, Cloud-based Delivery) By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and

Category Healthcare

Format

This report was recently updated on April 12 2024 with the latest and most recent market numbers

Global Telehealth Market Size

The Global Telehealth Market is projected to grow from USD 105.5 billion in 2022 to USD 275.6 billion by 2027 at a CAGR value of 21.0% from 2022 to 2027.

The global telehealth market will be positively influenced by the rising prevalence of chronic diseases & cancer cases and the rising demand for patient management technologies. In addition, the growing telecommunications network clubbed with smart patient management platforms, and reduced healthcare costs will propel the market further. According to the Multidisciplinary Digital Publishing Institute around 89% of people are expecting to adopt telehealth as a medical treatment.

The market will be further driven by rising patients demand for video consultations and a rise in the number of doctors who are willing to provide remote consultations, rapidly rising usage of smartphones, increasing demand for assistive technological applications to enable telehealth services, increased research initiatives on assistive applications for healthcare delivery, investment in R&D, and the emergence of per capita health expenditures.

Post the augmentation of COVID-19, the need for home based or remote healthcare services and technologies increased tremendously. Some countries are investing in cutting-edge digital and telecommunications solutions to connect doctors across borders. As a result of all these trends, it is anticipated that the market will have a beneficial influence throughout the projection period.

However, with lack of sufficient cyber security especially in developing countries, the usage of Telehealth solutions could result in massive loss of personal and critical information, which in turn act as a hindering factor for the market’s growth.

The COVID-19 has resulted in a significant increase in the use of telehealth platforms. As per recent survey by WHO, healthcare providers have rapidly scaled their healthcare services and offerings and are seeing 50 to 175 times increase in the number of patient income via telehealth. Meanwhile, most of the manufacturers and companies are expanding their accessibility of technology for the target regional markets, in order to prioritize patient centric care protocols. Market participants are concentrating their efforts on serving the demands of all the patients who have significantly outnumbered the doctors

global telehealth market

Global Telehealth Market: By Type

Based on the type, the telehealth market is divided into telehospital, telehomes and mhealth. The telehospital segment is expected to be the fastest-growing segment in the market from 2022 to 2027.

Telehospital is among the most widely used health services due to its quick service and cost effectiveness. Telehealth is a collection of software and technology that allows users to monitor their health anytime and anyplace via websites, smartphone apps, and other means. Telehealth is concerned with the distant delivery of healthcare services such as health evaluations or consultations via a telecommunication network.

Global Telehealth Market: By Application

Based on the application, the telehealth market is divided into telepathology, telecardiology, teleradiology, teledermatology, telepsychiatry, and other applications. The teleradiology segment is expected to be the fastest-growing segment in the market from 2022 to 2027. Rising cancer cases, and increasing patient preference for early tumor location diagnosis, are some of the factors supporting the growth of the segment. Moreover, the telepathology is expected to be the largest segment of the market from 2022-2027. Increasing number of home based blood sample collection services, rising patient awareness, and easy access to online consultation for blood workup are some of the drivers supporting the growth of the market.

Global Telehealth Market: By Component

Based on component, the telehealth market is divided into software, hardware and others. One of the most profitable categories is expected to be software segment during the forecast period of 2022-2027. The increasing adoption of telehealth and telemedicine across tier 1 and tier 2 city hospitals, and clinics, and rising awareness regarding advanced patient care methods, are some of the factors supporting the growth of the segment.

The hardware segment is projected to register the highest CAGR during the forecast period.

Global Telehealth Market: By Delivery

The global telehealth market is segmented into on-premise delivery, and cloud-based delivery. The cloud-based delivery segment is projected to register the highest CAGR during the forecast period.

When compared to in-house client-server systems, cloud computing platforms provide healthcare providers economic, operational, and functional benefits. Cloud computing offers cost flexibility as well as the possibility for cost savings. As needed, computing resources can be acquired on-demand. This can also save money on IT maintenance and time on the acquisition and deployment of hardware and software.

asia pacific telehealth market

Global Telehealth Market: By Region

As per the geographical analysis, the telehealth market can be classified into North America (the United States, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa (Saudi Arabia, United Arab Emirates, and Rest of the Middle East & Africa) and Central & South America (Brazil, Argentina, and Rest of Central and South America).

North America will have a dominant share in the telehealth market from 2022 to 2027. The major factor driving the growth of the market in the North American region is increased healthcare awareness along with cloud-based technology acceptance during the forecast years, and is expected to maintain its dominance during the forecast period.

However, due to the rising demand for healthcare support, particularly in rural areas, Asia-Pacific is predicted to have the most significant CAGR from 2022-2027. Furthermore, innovation and progress in telecommunications are expected to propel the region's growth.

Global Telehealth Market Share and Competitor Analysis

Aerotel Medical Systems (1998) Ltd, Allscripts Healthcare Solutions Inc., AMD Global Telehealth Inc., SOC TELEMED, Resideo Technologies Inc., Koninklijke Philips NV, Medtronic PLC, SHL Telehealth, Teladoc Health Inc, InTouch Technologies Inc., among others are the key players in the telehealth market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview and Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Telehealth Industry Overview, 2022-2027

2.1.1 Industry Overview

2.1.2 Type Overview

2.1.3 Components Overview

2.1.4 Application Overview

2.1.5 Mode of Delivery Overview

2.1.6 Regional Overview

Chapter 3 Telehealth Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2022-2027

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 Increase In Chronic Diseases

3.3.1.2 Rise In Patients Demand

3.3.2 Industry Challenges

3.3.2.1 Cyber Security Breach

3.4 Prospective Growth Scenario

3.4.1 Type Growth Scenario

3.4.2 Application Growth Scenario

3.4.3 Component Growth Scenario

3.4.4 Mode of Delivery Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 Mode of Delivery Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 Telehealth Market, By Type

4.1 Type Outlook

4.2 Telehospitals

4.2.1 Market Size, By Region, 2022-2027 (USD Million)

4.3 Telehomes

4.3.1 Market Size, By Region, 2022-2027 (USD Million)

4.4 mHealth

4.4.1 Market Size, By Region, 2022-2027 (USD Million)

4.7.1 Market Size, By Region, 2022-2027 (USD Million)

Chapter 5 Telehealth Market, Application

5.1 Application Outlook

5.2 Telepathology

5.2.1 Market Size, By Region, 2022-2027 (USD Million)

5.3 Telecardiology

5.3.1 Market Size, By Region, 2022-2027 (USD Million)

5.4 Teleradiology

5.4.1 Market Size, By Region, 2022-2027 (USD Million)

5.5 Teledermatology

5.5.1 Market Size, By Region, 2022-2027 (USD Million)

5.6 Telepsychiatry

5.6.1 Market Size, By Region, 2022-2027 (USD Million)

5.7 Other

5.7.1 Market Size, By Region, 2022-2027 (USD Million)

Chapter 6 Telehealth Market, By Components

6.1 Software

6.1.1 Market Size, By Region, 2022-2027 (USD Million)

6.2 Hardware

6.2.1 Market Size, By Region, 2022-2027 (USD Million)

6.3 Services

Chapter 7 Telehealth Market, By Mode of Delivery

7.1 Steel

7.1.1 Market Size, By Region, 2022-2027 (USD Million)

7.2 Non-Steel

7.2.1 Market Size, By Region, 2022-2027 (USD Million)

Chapter 8 Telehealth Market, By Region

8.1 Regional outlook

8.2 North America

8.2.1 Market Size, By Country 2022-2027 (USD Million)

8.2.2 Market Size, By Type, 2022-2027 (USD Million)

8.2.3 Market Size, By Components, 2022-2027 (USD Million)

8.2.4 Market Size, By Application, 2022-2027 (USD Million)

8.2.5 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.2.6 U.S.

8.2.6.1 Market Size, By Type, 2022-2027 (USD Million)

8.2.4.2 Market Size, By Components, 2022-2027 (USD Million)

8.2.4.3 Market Size, By Application, 2022-2027 (USD Million)

Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.2.7 Canada

8.2.7.1 Market Size, By Type, 2022-2027 (USD Million)

8.2.7.2 Market Size, By Components, 2022-2027 (USD Million)

8.2.7.3 Market Size, By Application, 2022-2027 (USD Million)

8.2.7.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.3 Europe

8.3.1 Market Size, By Country 2022-2027 (USD Million)

8.3.2 Market Size, By Type, 2022-2027 (USD Million)

8.3.3 Market Size, By Components, 2022-2027 (USD Million)

8.3.4 Market Size, By Application, 2022-2027 (USD Million)

8.3.5 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.3.6 Germany

8.3.6.1 Market Size, By Type, 2022-2027 (USD Million)

8.3.6.2 Market Size, By Components, 2022-2027 (USD Million)

8.3.6.3 Market Size, By Application, 2022-2027 (USD Million)

8.3.6.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.3.7 UK

8.3.7.1 Market Size, By Type, 2022-2027 (USD Million)

8.3.7.2 Market Size, By Components, 2022-2027 (USD Million)

8.3.7.3 Market Size, By Application, 2022-2027 (USD Million)

8.3.7.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.3.8 France

8.3.8.1 Market Size, By Type, 2022-2027 (USD Million)

8.3.8.2 Market Size, By Components, 2022-2027 (USD Million)

8.3.8.3 Market Size, By Application, 2022-2027 (USD Million)

8.3.8.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.3.9 Italy

8.3.9.1 Market Size, By Type, 2022-2027 (USD Million)

8.3.9.2 Market Size, By Components, 2022-2027 (USD Million)

8.3.9.3 Market Size, By Application, 2022-2027 (USD Million)

8.3.9.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.3.10 Spain

8.3.10.1 Market Size, By Type, 2022-2027 (USD Million)

8.3.10.2 Market Size, By Components, 2022-2027 (USD Million)

8.3.10.3 Market Size, By Application, 2022-2027 (USD Million)

8.3.10.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.3.11 Russia

8.3.11.1 Market Size, By Type, 2022-2027 (USD Million)

8.3.11.2 Market Size, By Components, 2022-2027 (USD Million)

8.3.11.3 Market Size, By Application, 2022-2027 (USD Million)

8.3.11.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.4 Asia Pacific

8.4.1 Market Size, By Country 2022-2027 (USD Million)

8.4.2 Market Size, By Type, 2022-2027 (USD Million)

8.4.3 Market Size, By Components, 2022-2027 (USD Million)

8.4.4 Market Size, By Application, 2022-2027 (USD Million)

8.4.5 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.4.6 China

8.4.6.1 Market Size, By Type, 2022-2027 (USD Million)

8.4.6.2 Market Size, By Components, 2022-2027 (USD Million)

8.4.6.3 Market Size, By Application, 2022-2027 (USD Million)

8.4.6.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.4.7 India

8.4.7.1 Market Size, By Type, 2022-2027 (USD Million)

8.4.7.2 Market Size, By Components, 2022-2027 (USD Million)

8.4.7.3 Market Size, By Application, 2022-2027 (USD Million)

8.4.7.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.4.8 Japan

8.4.8.1 Market Size, By Type, 2022-2027 (USD Million)

8.4.8.2 Market Size, By Components, 2022-2027 (USD Million)

8.4.8.3 Market Size, By Application, 2022-2027 (USD Million)

8.4.8.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.4.9 Australia

8.4.9.1 Market Size, By Type, 2022-2027 (USD Million)

8.4.9.2 Market size, By Components, 2022-2027 (USD Million)

8.4.9.3 Market Size, By Application, 2022-2027 (USD Million)

8.4.9.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.4.10 South Korea

8.4.10.1 Market Size, By Type, 2022-2027 (USD Million)

8.4.10.2 Market Size, By Components, 2022-2027 (USD Million)

8.4.10.3 Market Size, By Application, 2022-2027 (USD Million)

8.4.10.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.5 Latin America

8.5.1 Market Size, By Country 2022-2027 (USD Million)

8.5.2 Market Size, By Type, 2022-2027 (USD Million)

8.5.3 Market Size, By Components, 2022-2027 (USD Million)

8.5.4 Market Size, By Application, 2022-2027 (USD Million)

8.5.5 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.5.6 Brazil

8.5.6.1 Market Size, By Type, 2022-2027 (USD Million)

8.5.6.2 Market Size, By Components, 2022-2027 (USD Million)

8.5.6.3 Market Size, By Application, 2022-2027 (USD Million)

8.5.6.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.5.7 Mexico

8.5.7.1 Market Size, By Type, 2022-2027 (USD Million)

8.5.7.2 Market Size, By Components, 2022-2027 (USD Million)

8.5.7.3 Market Size, By Application, 2022-2027 (USD Million)

8.5.7.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.5.8 Argentina

8.5.8.1 Market Size, By Type, 2022-2027 (USD Million)

8.5.8.2 Market Size, By Components, 2022-2027 (USD Million)

8.5.8.3 Market Size, By Application, 2022-2027 (USD Million)

8.5.8.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.6 MEA

8.6.1 Market Size, By Country 2022-2027 (USD Million)

8.6.2 Market Size, By Type, 2022-2027 (USD Million)

8.6.3 Market Size, By Components, 2022-2027 (USD Million)

8.6.4 Market Size, By Application, 2022-2027 (USD Million)

8.6.5 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.6.6 Saudi Arabia

8.6.6.1 Market Size, By Type, 2022-2027 (USD Million)

8.6.6.2 Market Size, By Components, 2022-2027 (USD Million)

8.6.6.3 Market Size, By Application, 2022-2027 (USD Million)

8.6.6.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.6.7 UAE

8.6.7.1 Market Size, By Type, 2022-2027 (USD Million)

8.6.7.2 Market Size, By Components, 2022-2027 (USD Million)

8.6.7.3 Market Size, By Application, 2022-2027 (USD Million)

8.6.7.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

8.6.8 South Africa

8.6.8.1 Market Size, By Type, 2022-2027 (USD Million)

8.6.8.2 Market Size, By Components, 2022-2027 (USD Million)

8.6.8.3 Market Size, By Application, 2022-2027 (USD Million)

8.6.8.4 Market Size, By Mode of Delivery, 2022-2027 (USD Million)

Chapter 9 Company Landscape

9.1 Competitive Analysis, 2020

9.2 Vallourec S.A.

9.2.1 Company Overview

9.2.2 Financial Analysis

9.2.3 Strategic Positioning

9.2.4 Info Graphic Analysis

9.3 Eisenbau Krämer Gmbh

9.3.1 Company Overview

9.3.2 Financial Analysis

9.3.3 Strategic Positioning

9.3.4 Info Graphic Analysis

9.4 Jindal Saw Ltd.

9.4.1 Company Overview

9.4.2 Financial Analysis

9.4.3 Strategic Positioning

9.4.4 Info Graphic Analysis

9.5 Germany Gmbh & Co Kg

9.5.1 Company Overview

9.5.2 Financial Analysis

9.5.3 Strategic Positioning

9.5.4 Info Graphic Analysis

9.6 Tubacex,

9.6.1 Company Overview

9.6.2 Financial Analysis

9.6.3 Strategic Positioning

9.6.4 Info Graphic Analysis

9.7 United States Divine Tubes Pvt. Ltd

9.7.1 Company Overview

9.7.2 Financial Analysis

9.7.3 Strategic Positioning

9.7.4 Info Graphic Analysis

9.8 Tenaris

9.8.1 Company Overview

9.8.2 Financial Analysis

9.8.3 Strategic Positioning

9.8.4 Info Graphic Analysis

9.9 Ratnamani Metal & Tubes Ltd.

9.9.1 Company Overview

9.9.2 Financial Analysis

9.9.3 Strategic Positioning

9.9.4 Info Graphic Analysis

9.10 Steel Corporation

9.10.1 Company Overview

9.10.2 Financial Analysis

9.10.3 Strategic Positioning

9.10.4 Info Graphic Analysis

9.11 Other Companies

9.11.1 Company Overview

9.11.2 Financial Analysis

9.11.3 Strategic Positioning

9.11.4 Info Graphic Analysis

The Global Telehealth Market has been studied from the year 2019 till 2027. However, the CAGR provided in the report is from the year 2022 to 2027. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Telehealth Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global telehealth market?

The global telehealth market is projected to grow from USD 105.5 billion in 2022 to USD 275.6 billion by 2027 at a CAGR value of 21.0% from 2022 to 2027.

Who are the major vendors in the telehealth market?

Which region has the highest market share in the telehealth market?

The North American region is estimated to hold the highest share in the telehealth market.

What is the Covid-19 impact on future telehealth manufacturers?

The COVID-19 has resulted in a significant increase in the use of telehealth platforms. Most of the manufacturers and companies are expanding their accessibility of technology for the target regional markets, in order to prioritize patient centric care protocols. Market participants are concentrating their efforts on serving the demands of all the patients who have significantly outnumbered the doctors.

What are the major drivers in the telehealth market?