Telehealth Market: By Component (Software & Services, Hardware, Cloud-Based, On-Premise), By Application (Teleradiology, Tele-Consultation, Tele-ICU, Tele-Stroke, Tele-Psychiatry, Tele-Dermatology, Other Applications), By End User (Providers, Payers, Patients, Other End Users), and Geography

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Telehealth Market size is valued at USD 64.5 billion in 2022. It is expected to reach USD 306.8 billion by 2029, growing at a CAGR of 24.1% from 2023 to 2029. The delivery of health-related services and information through electronic information and communications technology is known as telehealth. It enables remote admissions, education, intervention, monitoring, and long-distance patient and doctor contact as well as care, guidance, and reminders. Sometimes, the term telemedicine is used synonymously, or it refers to a narrower definition of remote clinical services like monitoring and diagnosis. Telehealth may fill in the gaps in access to care caused by remote learning, online information and health data management, meetings, supervision and presentations between practitioners, lack of transportation, lack of mobility, conditions brought on by outbreaks, epidemics, or pandemics, reduced funding, or a staffing shortage.

The global market report provides a detailed overview of the market, segmented by component, component, application, and end-user. The market has been segmented by component into Software & Services, Hardware, Cloud-based, and On-Premises. The software and services segment is likely the largest and fastest-growing segment in terms of components. The telehealth market is segmented by application into Teleradiology, Tele-consultation, Tele-ICU, Tele-stroke, Tele-psychiatry, Tele-dermatology, and other applications. The Tele-consultation segment accounted for a significant revenue share. Based on end-users, the telehealth market this segmented into Providers, Payers, Patients, and other end-users. According to precision business insights, the Provider's segment is predicted to register the fastest growth rate during the forecast period.

Telehealth Market Key Developments:
  • In August 2021, the Biden-Harris Administration announced an approximate USD 19 million investment in improving healthcare delivery and addressing gaps in care faced in rural areas with poor access to critical services.

Telehealth Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

24.1%

Largest Market

North American

Fastest Growing Market

Asia-Pacific
Telehealth Market Dynamics

The growing use of internet networks and smartphone innovation to improve worldwide connectivity have made it easier to solve care delivery gaps and use telehealth services.

Telehealth Market Segmentation

By Component
  • Software & Services
  • Hardware
  • Cloud-based
  • On-Premise
By Application
  • Teleradiology
  • Tele-consultation
  • Tele-ICU
  • Tele-stroke
  • Tele-psychiatry
  • Tele-dermatology
  • Others
By End User
  • Providers
  • Payers
  • Patients
  • Other
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The telehealth market is projected to expand at a CAGR of 24.1% during the forecast period

Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland), GE Healthcare (US), Cerner Corporation (US), Siemens Healthineers (Germany), Cisco SystemsInc. (US), Teladoc Health Inc. (US), American Well (US), AMC Health (US), MDLive (US), GlobalMed (US), MedWeb (US)

North American is the fastest-growing region for telehealth market

Key Features of the Reports

  • The telehealth market provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The telehealth market covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The telehealth market outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The telehealth market tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The telehealth market provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1. Executive Summary
2. Global Telehealth Market Introduction
2.1. Global Telehealth Market Taxonomy
2.2. Global Telehealth Market Definitions
2.2.1. By Component
2.2.2. By Mode of delivery
2.2.3. By Application
2.2.4. By End User
2.2.5. By Region
3. Global Telehealth Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Telehealth Market Dynamic Factors - Impact Analysis
3.6. Global Telehealth Market Competition Landscape
4. Global Telehealth Market Analysis,2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis,2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market OpportunityAnalysis
5. Global Telehealth Market, By Component, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1. Software & services
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth A
5.1.3. Market Opportunity Analysis
5.2. Hardware
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Telehealth Market, By Mode of delivery, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1. Cloud-based
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. On-Premise
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Telehealth Market, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1. Teleradiology
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Tele-consultation
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Tele-ICU
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Tele-stroke
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Tele-psychiatry
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Tele-dermatology
7.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
7.7. Other Applications
7.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.7.3. Market Opportunity Analysis
8. Global Telehealth Market, By End User, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1. Providers
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Payers
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Patients
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Other End Users
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
9. Global Telehealth Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.1.3. Market Opportunity Analysis
9.2. Europe
9.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.2.3. Market Opportunity Analysis
9.3. Asia-Pacific
9.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.3.3. Market Opportunity Analysis
9.4. Latin America
9.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.4.3. Market Opportunity Analysis
9.5. Middle East and Africa
9.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
9.5.3. Market Opportunity Analysis
9.6. Global Telehealth Market - Opportunity Analysis Index, By Component, Mode of delivery, Application, End User, and Region, 2023 - 2029
10. North America Telehealth Market Analysis,2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
10.1. Component Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Software & services
10.1.2. Hardware
10.2. Mode of delivery Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. Cloud-based
10.2.2. On-Premise
10.3. Application Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Teleradiology
10.3.2. Tele-consultation
10.3.3. Tele-ICU
10.3.4. Tele-stroke
10.3.5. Tele-psychiatry
10.3.6. Tele-dermatology
10.3.7. Other Applications
10.4. End User Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Providers
10.4.2. Payers
10.4.3. Patients
10.4.4. Other End Users
10.5. Country Analysis 2016-2020 and Forecast 2023 - 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.5.1. USA
10.5.2. Canada
10.6. North America Telehealth Market - Opportunity Analysis Index, By Component, Mode of delivery, Application, End User, and Country, 2023 - 2029
10.7. North America Telehealth Market Dynamics Trends
11. Europe Telehealth Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
11.1. Component Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Software & services
11.1.2. Hardware
11.2. Mode of delivery Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. Cloud-based
11.2.2. On-Premise
11.3. Application Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Teleradiology
11.3.2. Tele-consultation
11.3.3. Tele-ICU
11.3.4. Tele-stroke
11.3.5. Tele-psychiatry
11.3.6. Tele-dermatology
11.3.7. Other Applications
11.4. End User Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Providers
11.4.2. Payers
11.4.3. Patients
11.4.4. Other End Users
11.5. Country Analysis 2016-2020and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.5.1. Germany
11.5.2. UK
11.5.3. France
11.5.4. Spain
11.5.5. Italy
11.5.6. Russia
11.5.7. Rest of Europe
11.6. Europe Telehealth Market - Opportunity Analysis Index, By Component, Mode of delivery, Application, End User, and Country, 2023 - 2029
11.7. Europe Telehealth Market Dynamics Trends
12. Asia-Pacific Telehealth Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
12.1. Component Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Software & services
12.1.2. Hardware
12.2. Mode of delivery Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. Cloud-based
12.2.2. On-Premise
12.3. Application Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Teleradiology
12.3.2. Tele-consultation
12.3.3. Tele-ICU
12.3.4. Tele-stroke
12.3.5. Tele-psychiatry
12.3.6. Tele-dermatology
12.3.7. Other Applications
12.4. End User Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Providers
12.4.2. Payers
12.4.3. Patients
12.4.4. Other End Users
12.5. Country Analysis2018 - 2022and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.5.1. China
12.5.2. India
12.5.3. Japan
12.5.4. ASEAN
12.5.5. Australia & New Zealand
12.5.6. Rest of Asia-Pacific
12.6. Asia-Pacific Telehealth Market - Opportunity Analysis Index, By Component, Mode of delivery, Application, End User, and Country,2023 - 2029
12.7. Asia-Pacific Telehealth Market Dynamics Trends
13. Latin America Telehealth Market Analysis,2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
13.1. Component Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Software & services
13.1.2. Hardware
13.2. Mode of delivery Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. Cloud-based
13.2.2. On-Premise
13.3. Application Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Teleradiology
13.3.2. Tele-consultation
13.3.3. Tele-ICU
13.3.4. Tele-stroke
13.3.5. Tele-psychiatry
13.3.6. Tele-dermatology
13.3.7. Other Applications
13.4. End User Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Providers
13.4.2. Payers
13.4.3. Patients
13.4.4. Other End Users
13.5. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.5.1. Brazil
13.5.2. Mexico
13.5.3. Rest of Latin America
13.6. Latin America Telehealth Market - Opportunity Analysis Index, By Component, Mode of delivery, Application, End User, and Country, 2023 - 2029
13.7. Latin America Telehealth Market Dynamics Trends
14. Middle East and Africa Telehealth Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029(Revenue, USD Mn)
14.1. Component Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.1.1. Software & services
14.1.2. Hardware
14.2. Mode of delivery Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
14.2.1. Cloud-based
14.2.2. On-Premise
14.3. Application Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Teleradiology
14.3.2. Tele-consultation
14.3.3. Tele-ICU
14.3.4. Tele-stroke
14.3.5. Tele-psychiatry
14.3.6. Tele-dermatology
14.3.7. Other Applications
14.4. End User Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Providers
14.4.2. Payers
14.4.3. Patients
14.4.4. Other End Users
14.5. Country Analysis 2018 - 2022 and Forecast, 2023 - 2029by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
14.5.1. Gulf Cooperation Council (GCC) Countries
14.5.2. South Africa
14.5.3. Rest of MEA
14.6. MEA Telehealth Market - Opportunity Analysis Index, By Component, Mode of delivery, Application, End User, and Country, 2023 - 2029
14.7. MEA Telehealth Market Dynamics Trends
15. Competition Landscape
15.1. Strategic Dashboard of Top Market Players
15.2. Company Profiles (Introduction, Financial Analysis, KeyOfferings, Key Developments, Strategies, and SWOT Analysis)
15.2.1. Koninklijke Philips N.V. (Netherlands)
15.2.2. Medtronic (Ireland)
15.2.3. GE Healthcare (US)
15.2.4. Cerner Corporation (US)
15.2.5. Siemens Healthineers (Germany)
15.2.6. Cisco SystemsInc. (US)
15.2.7. Teladoc Health Inc. (US)
15.2.8. American Well (US)
15.2.9. AMC Health (US)
15.2.10. MDLive (US)
15.2.11. GlobalMed (US)
15.2.12. MedWeb (US)
15.2.13. IMediplus Inc. (China)
16. Research Methodology
17. Key Assumptions and Acronyms
  • Koninklijke Philips N.V. (Netherlands)
  • Medtronic (Ireland)
  • GE Healthcare (US)
  • Cerner Corporation (US)
  • Siemens Healthineers (Germany)
  • Cisco SystemsInc. (US)
  • Teladoc Health Inc. (US)
  • American Well (US)
  • AMC Health (US)
  • MDLive (US)
  • GlobalMed (US)
  • MedWeb (US)

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