Telehealth Market Size & Share Report, 2020-2027


 Telehealth Market

The Telehealth Market was estimated at USD 24,100 million in 2019 and is projected to grow at a CAGR of 37.7% over the forecast period (2020-2027).

The factors driving the growth of Telehealth Market includes expansion of the telecommunication industry, increasing demand for online doctor consultation services and rising geriatric population around the world . According to the report published by Statista, the revenue generated from online doctor consultations in India is estimated to reach USD 94.19 million by the end of 2022, growing at a CAGR of 27.56% during the forecast period (2022-2026), which is expected to boost the Global Telehealth Market in the coming years. Moreover, the growing emphasis on following social distancing norms, increasing Government support to digital telehealth platforms, rise in number of chronic diseases and shortage of physicians, are some of the additional factors supplementing the Global Telehealth Market size. In addition, the increasing smartphone penetration, rising disposable incomes, growing investments on improving the digital infrastructure and rapid urbanization, are further propelling the Telehealth Market share.

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However, the growth of Telehealth Market is hindered owing to increasing cases of digital fraud in the Healthcare sector and insufficient knowledge amongst consumers about the digital telehealth platforms.

The major players operating in the market are Care Innovations, Globalmedia Group LLC, Cerner Corporation, Medtronic PLC, Honeywell Life Care Solutions, AMD Global Telemedicine Inc., Cisco Systems Inc., Medvivo Group Ltd., Aerotel Medical Systems Ltd., Philips Healthcare and Tunstall Healthcare among others.

Component: Segment Analysis

According to the Telehealth Market Research, the software & service segment is predicted to expand at a robust CAGR during the forecast period attributed to growing adoption of telehealth services across the world.

Application: Segment Analysis

As per the Telehealth Market Analysis, the teleradiology segment is anticipated to hold the highest market share during the forecast period owing to increasing adoption of teleradiology by healthcare providers to diagnose diseases.

End-User Segment Analysis

According to the Telehealth Market Report, the provider segment is projected to expand at a remarkable CAGR over the forecast period due to technological advancements in telehealth monitoring devices and growing demand for tele-specialty services.

Regional: Segment Analysis

As per the Telehealth Market Research, the North American region is predicted to capture the largest market share over the forecast period. The rise in ageing population, technological advancements in digital imaging, presence of the leading players, increasing number of chronic diseases and high per capita incomes, are some of the factors augmenting the Telehealth Market Growth in North American region.

 

Market Segmentation

Segmentation by Component

  • Software & services
    • Remote patient monitoring software and devices
    • Real-time interaction software & services
    • Store-and-forward software & services
  • Hardware
    • Medical peripheral devices
      • Blood pressure monitors
      • Blood glucose meters
      • Weight scales
      • Pulse oximeters
      • Peak flow meters
      • ECG monitors
      • Other devices
    • Monitors

Segmentation by Mode of delivery

  • Cloud-based
  • On-Premise

Segmentation by Application

  • Teleradiology
  • Tele-consultation
  • Tele-ICU
  • Tele-stroke
  • Tele-psychiatry
  • Tele-dermatology
  • Others

Segmentation by End-User

  • Providers
  • Payers
  • Patients
  • Others

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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