- Software & Services
- Hardware
- Cloud-based
- On-Premise
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.
North American Got Significant Share
Telehealth Market Regional Analysis
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
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
Telehealth Market Segmentation
By Component
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
| 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)