Telehealth Market - Trends Forecast Till 2028

Telehealth Market, by Component (Software & Services, RPM, Real-Time), Application (Teleradiology, Telestroke, TeleICU), Hardware (Glucose Meters), End-User (Provider, Payer, patient), Delivery (On-Premise, Cloud) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-HC-THM-1055

Format:  

Number of Pages: 396

Domain: Healthcare

Telehealth Market – Trends Forecast Till 2028

The global telehealth market size is projected to reach USD 192 billion by 2026 at a CAGR of 38% from USD 39 billion in 2021 during the forecast period 2021-2028.

Telehealth delas with the usage of digital and communication technology in the healthcare. This tends to allow the user to access the facility of healthcare sitting at home. Some common uses of telehealth are remote doctor patient consultation better known as telemedicine, ECG, monitoring of vital signs and symptoms.

Shortage of physicians along with the supporting governmental policies and the technological advancements are some of the factors that have supported long-term expansion for Telehealth Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Greater opportunity has been offered to the sector owing to the pandemic conditions.

Telehealth Market Analysis Report

North America is expected to be the largest market during the forecast period. With the greater prevalence of chronic conditions and the need to reduce the expenditure on healthcare led to the expansion of market in the region.

Telehealth Market is segmented into Product, End User and geography.

On the basis of Application

  • Teleradiology
  • Tele-consultation
  • Tele-ICU
  • Tele-stroke
  • Tele-psychiatry
  • Tele-dermatology
  • Other Applications

On the basis of End-User

  • Providers
  • Payers
  • Patients
  • Other End Users

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Telehealth Market Primary Respondent

 

Key Players

  • Koninklijke Philips N.V.
  • Medtronic
  • GE Healthcare
  • Cerner Corporation
  • Siemens Healthineers
  • Cisco Systems, Inc.
  • Teladoc Health Inc.
  • American Well
  • AMC Health
  • MDLive
  • Doctor on Demand
  • Medvivo Group Ltd
  • Asahi Kasie Corporation
  • Iron Bow Technologies
  • Telespecialists Llc
  • GlobalMed
  • MedWeb
  • IMediplus Inc.
  • Vsee
  • Chiron Health
  • Zipnosis

Recent Developments

  • In 2020, Philips came up with a new products, the Avalon CL Fetal and Maternal Pod and Patch for remote monitoring.
  • In 2020, Koninklijke Philips join hand with American Telemedicine Association (ATA) so as to  increase the adoption of telehealth across acute, post-acute, and home care settings.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Telehealth market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 39 billion

Growth Rate

CAGR of 38% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Product, End User and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Koninklijke Philips N.V. , Medtronic ,GE Healthcare . Other prominent players in this market include Cerner Corporation , Siemens Healthineers , Cisco Systems, Inc. , Teladoc Health Inc. , American Well , AMC Health , MDLive , Doctor on Demand , Medvivo Group Ltd , Asahi Kasie Corporation , Iron Bow Technologies , Telespecialists Llc , GlobalMed , MedWeb , IMediplus Inc. , Vsee , Chiron Health , Zipnosis

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