Telehealth Market (Component - Software, Services, and Hardware; Mode of Delivery - Cloud-based Delivery Mode, On-premise Delivery Mode, and Web-based Delivery Mode; Application - General Consultation, Pathology, Cardiology, Surgery, Gynecology, and Others; End User - Payers, Providers, Patients, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Telehealth Market (Component - Software, Services, and Hardware; Mode of Delivery - Cloud-based Delivery Mode, On-premise Delivery Mode, and Web-based Delivery Mode; Application - General Consultation, Pathology, Cardiology, Surgery, Gynecology, and Others; End User - Payers, Providers, Patients, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Report Code: IGR0607 Category: Healthcare & Medical Devices Published: October, 2023

A recent report published by Infinium Global Research on telehealth market provides in-depth analysis of segments and sub-segments in the global as well as regional telehealth market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional telehealth market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global telehealth market.

Market Insight:

The value of the telehealth market in 2022 was USD 97.61 billion and is expected to reach USD 627.19 billion in 2030 and is expected be growing with a CAGR of 22.86% during the forecast period 2023-2030.

Telehealth refers to the provision of such health care services as consultations, diagnosis, treatment, and monitoring through various means like digital communication technologies. It provides physical access to patients in remote areas thus overcoming the barrier of span and extension medical services Telehealth uses various forms of communication, including video conferencing; phone calls over mobile apps, and secure messaging that ensure patients can access treatment from a distance without physically visiting the doctor. Besides, it has transformed the healthcare delivery system by increasing access to medical knowledge, particularly in rural and remote areas. Telehealth is especially important in emergency cases, chronic disease management, and mental health support preventative care. In addition, it improves healthcare efficiency and saves on healthcare costs by reducing the strain that physical facilities place.

The telehealth market is driven by the growing need for remote medical care and better access to healthcare. These factors are transforming health care, delivering timely and accessible healthcare services to individuals predominantly in under-served regions or remote areas that can give rise surge in the market. Moreover, the market of telehealth is booming due to the increase in the cost of healthcare expenses and the development of telecommunication infrastructure. Rising healthcare costs have accelerated the adoption of low-cost telehealth solutions, while advanced communication networks facilitate easy and accessible remote healthcare services thereby driving market growth. However, the implementation of telehealth solutions over a wide range is not an easy process because there are problems with data privacy and safety. These concerns, which are often based on protecting confidential patient information, need to be addressed for the trust and safe use of remote healthcare technologies. Although, the global population is aging rapidly which in turn creates huge opportunities for the telehealth market as there are increasing demands for cost-effective healthcare solutions. These dynamics highlight the need for readily available and affordable remote medical services, making telehealth a suitable option to help address these emerging issues.

Telehealth Market Size, Share, Trends, Industry Reports | IGR

North America holds the largest market share in the telehealth market. Due to the fine healthcare infrastructure, a high level of technology acceptance, and a growing demand for remote healthcare services, the demand for the telehealth market is growing in the region. The COVID-19 pandemic led to an even more rapid adoption of telehealth in North America. In addition, the Asia-Pacific is also the fastest-growing region in the telehealth market. The rise of telehealth is driven by numerous influences such as growing healthcare expenditure, rising digital infrastructure, and awareness of benefits in countries such as China and India. Governments in these countries are also encouraging telehealth as a way of improving convenience to healthcare facilities, particularly in isolated or less privileged areas. The epidemic made telehealth to be even more important in the Asia-Pacific region, hence increasing its growth potential.

Report Scope of the Telehealth Market:

Report Coverage Details
Market Size in 2022 USD 97.61 Billion
Market Size by 2030 USD 627.19 Billion
Growth Rate from 2023 to 2030 CAGR of 22.86%
Largest Market North America
No. of Pages 300
Market Drivers
  • Increasing demand for remote healthcare services and improved access to medical care drive the growth of the telehealth market.

  • Rising healthcare costs and advancements in telecommunication infrastructure are propelling the growth of the telehealth market.

Market Segmentation By Component, By Mode of Delivery, By Application, and By End User
Regional Scope North America, Europe, Asia Pacific, and RoW

Segment Covered

The report on global telehealth market covers segments such as component, mode of delivery, application, and end user. On the basis of component, the sub-markets include software, services, and hardware. On the basis of mode of delivery, the sub-markets include cloud-based delivery mode, on-premise delivery mode, and web-based delivery mode. On the basis of application, the sub-markets include general consultation, pathology, cardiology, surgery, gynecology, and others. On the basis of end user, the sub-markets include payers, providers, patients, and others.

Companies Profiled:

The report provides profiles of the companies in the market such as Vidyo, Inc., Koninklijke Philips N.V., Siemens Healthcare GmbH, Medtronic, Center for Care Innovations, Tunstall Integrated Healthcare group, Aerotel Medical Systems (1998) Ltd., GlobalMedia Group, LLC, Teladoc Health, Inc., and AMD Global Telemedicine.

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the telehealth market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


Frequently Asked Questions (FAQ's)

The global telehealth market was valued at USD 97.61 Billion in 2022.
It is likely to grow at a CAGR of 22.86% during the forecast period 2023-2030.
The global telehealth market is estimated to reach USD 627.19 Billion by the end of 2030.
North America is anticipated to exhibit high demand for telehealth market during the forecast period.
Vidyo, Inc., Koninklijke Philips N.V., Siemens Healthcare GmbH, Medtronic, Center for Care Innovations, Tunstall Integrated Healthcare group, Aerotel Medical Systems (1998) Ltd., GlobalMedia Group, LLC, Teladoc Health, Inc., and AMD Global Telemedicine.

Request Quote


10% off on our research study. Get it through instant purchase.

Google translate
© 2024. Infinium Global Research LLP. All Rights Reserved.