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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Telehealth Market: By Component, By Application, By End User, and Region Forecast 2020-2031
Telehealth Market: By Component, By Application, By End User, and Region Forecast 2020-2031
Telehealth Market size was valued at US$ 64.5 billion in 2023. It is expected to reach US$ 306.8 billion by 2029, growing at a CAGR of 24.1% from 2024 to 2030. 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 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 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.
Study Period
2025-2031Base Year
2024CAGR
24.1%Largest Market
North-AmericanFastest Growing Market
Asia-Pacific
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.
The North American market is expected to witness the most significant market share during the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2023 |
US$ 64.5 billion |
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Market Size in 2029 |
US$ 306.8 billion |
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Market CAGR |
24.1% |
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By Component |
|
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By Application |
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By End User |
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By Region |
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The global telehealth market size was valued at US$ 64.5 billion in 2023 and is set to reach US$ 306.8 billion by 2029, at a CAGR of 24.1% from 2024 to 2030.
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
| 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,2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis,2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market OpportunityAnalysis |
| 5. Global Telehealth Market, By Component, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Software & services |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Cloud-based |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. Teleradiology |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. Providers |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030(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, 2019 - 2023 and Forecast, 2024 - 2030(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, 2019 - 2023 and Forecast, 2024 - 2030(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, 2019 - 2023 and Forecast, 2024 - 2030(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, 2019 - 2023 and Forecast, 2024 - 2030(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, 2024 - 2030 |
| 10. North America Telehealth Market Analysis,2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 10.1. Component Analysis 2019 - 2023 and Forecast, 2024 - 2030by 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 2019 - 2023 and Forecast, 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Cloud-based |
| 10.2.2. On-Premise |
| 10.3. Application Analysis 2019 - 2023 and Forecast, 2024 - 2030by 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 2019 - 2023 and Forecast, 2024 - 2030by 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 2024 - 2030by 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, 2024 - 2030 |
| 10.7. North America Telehealth Market Dynamics Trends |
| 11. Europe Telehealth Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 11.1. Component Analysis 2019 - 2023 and Forecast, 2024 - 2030by 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 2019 - 2023 and Forecast, 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Cloud-based |
| 11.2.2. On-Premise |
| 11.3. Application Analysis 2019 - 2023 and Forecast, 2024 - 2030by 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 2019 - 2023 and Forecast, 2024 - 2030by 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 2024 - 2030 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, 2024 - 2030 |
| 11.7. Europe Telehealth Market Dynamics Trends |
| 12. Asia-Pacific Telehealth Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 12.1. Component Analysis 2019 - 2023 and Forecast, 2024 - 2030by 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 2019 - 2023 and Forecast, 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Cloud-based |
| 12.2.2. On-Premise |
| 12.3. Application Analysis 2019 - 2023 and Forecast, 2024 - 2030by 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 2019 - 2023 and Forecast, 2024 - 2030by 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 Analysis2019 - 2023and Forecast 2024 - 2030 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,2024 - 2030 |
| 12.7. Asia-Pacific Telehealth Market Dynamics Trends |
| 13. Latin America Telehealth Market Analysis,2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 13.1. Component Analysis 2019 - 2023 and Forecast, 2024 - 2030by 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 2019 - 2023 and Forecast, 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Cloud-based |
| 13.2.2. On-Premise |
| 13.3. Application Analysis 2019 - 2023 and Forecast, 2024 - 2030by 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 2019 - 2023 and Forecast, 2024 - 2030by 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 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030 |
| 13.7. Latin America Telehealth Market Dynamics Trends |
| 14. Middle East and Africa Telehealth Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 14.1. Component Analysis 2019 - 2023 and Forecast, 2024 - 2030by 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 2019 - 2023 and Forecast, 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1. Cloud-based |
| 14.2.2. On-Premise |
| 14.3. Application Analysis 2019 - 2023 and Forecast, 2024 - 2030by 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 2019 - 2023 and Forecast, 2024 - 2030by 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 2019 - 2023 and Forecast, 2024 - 2030by 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, 2024 - 2030 |
| 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 |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.