The global telehealth market grew at a CAGR of around 20% during 2014-2019. Telehealth can be defined as the remote delivery of clinical as well as non-clinical services through tele- and digital communication technologies. It is also used by medical practitioners for various telemedicine services (consultation, mentoring and monitoring), for the training of medical staff, administrative meetings and imparting medical education. These services are usually provided using video conferencing, mobile health (mHealth) applications, electronic transmission of data and remote patient monitoring (RPM). These solutions enable healthcare providers to offer consultation, care management, diagnosis, and self-management services using information and communication technologies (ICT) and facilitate patients to get appropriate medical attention without traveling.
The increasing prevalence of chronic diseases across the globe is one of the key factors driving the growth of the market. Furthermore, rising geriatric population and the expanding demand for home monitoring devices, are also providing a boost to the market growth. There is widespread adoption of telehealth systems in the field of cardiology, radiology and online consultation for the treatment of various medical ailments, such as diabetes, cancer and cardiovascular diseases (CVDs), that require continual medical supervision. Additionally, various technological advancements, such as the development of health monitoring smartphone applications and user-friendly systems, are acting as another growth-inducing factor. Patients across the globe are using various wearable devices, such as smartwatches and bands, to keep a regular check on blood pressure, blood glucose levels, sleep patterns and chronic pain in the body. Other factors, including the rising health consciousness among the masses, along with extensive research and development (R&D) activities in the field of medical sciences and telecommunication technologies, are projected to drive the market further. Looking forward, IMARC Group expects the market to continue its double-digit growth during the next five years.
Breakup by Component:
- Software
- Hardware
- Services
Breakup by Communication Technology:
- Video Conferencing
- mHealth Solutions
- Others
Breakup by Hosting Type:
- Cloud-Based and Web-based
- On-Premises
Breakup by Application:
- Teleconsultation and Telementoring
- Medical Education and Training
- Teleradiology
- Telecardiology
- Tele-ICU
- Tele-Psychiatry
- Tele-Dermatology
- Others
Breakup by End-User:
- Providers
- Patients
- Payers
- Others
Breakup by Region:
- North America
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Aerotel Medical Systems, Allscripts Healthcare LLC, AMD Global Telemedicine Inc., American Well Corporation, Biotelemetry Inc., Cerner Corporation, Cisco Systems Inc., GE Healthcare Inc. (General Electric), Honeywell Life Care Solutions, Medtronic Inc., Philips Healthcare, Teladoc Health Inc., etc.
Key Questions Answered in This Report
The global telehealth market was worth around US$ 8.6 Billion in 2019.
According to the estimates by IMARC Group, the global telehealth market will exhibit strong growth during the next five years
The rising adoption of telehealth systems during diagnostic procedures and treatment of numerous medical ailments that require continual medical supervision, represents one of the key drivers for the telehealth market growth.
Extensive research and development (R&D) activities in the field of medical sciences represent one of the key trends in the global telehealth market.
Sudden outbreak of the COVID-19 pandemic had led to the rising health concerns among masses, thereby catalyzing the market for telehealth.
On the basis of the component, the market has been classified into software, hardware, and services. Amongst these, services hold the largest market share.
On the basis of the communication technology, the market has been classified into video conferencing, mHealth solutions, and others. At present, mHealth solutions exhibit a clear dominance in the market.
On the basis of the hosting type, the market has been bifurcated into cloud-based and web-based, and on-premises. Currently, cloud-based and web-based hosting type accounts for the majority of the total market share.
On the basis of the application, the market has been classified into teleconsultation and telementoring, medical education and training, teleradiology, telecardiology, tele-ICU, tele-psychiatry, tele-dermatology, and others. Among these, teleradiology holds the largest market share.
On the basis of the end-user, the market has been classified into providers, payers, patients, and others. Among these, providers account the majority of the market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Telehealth Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast
6 Market Breakup by Component
6.1 Software
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Hardware
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Communication Technology
7.1 Video Conferencing
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 mHealth Solutions
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Hosting Type
8.1 Cloud-based and Web-based
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 On-premises
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Teleconsultation and Telementoring
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Medical Education and Training
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Teleradiology
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Telecardiology
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Tele-ICU
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Tele-Psychiatry
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Tele-Dermatology
9.7.1 Market Trends
9.7.2 Market Forecast
9.8 Others
9.8.1 Market Trends
9.8.2 Market Forecast
10 Market Breakup by End-User
10.1 Providers
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Patients
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Payers
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Indicators
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Aerotel Medical Systems (1998) Ltd.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Allscripts Healthcare LLC
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 AMD Global Telemedicine Inc.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 American Well Corporation
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Biotelemetry Inc.
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.6 Cerner Corporation
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.6.4 SWOT Analysis
16.3.7 Cisco Systems Inc.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 GE Healthcare Inc. (General Electric)
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.9 Honeywell Life Care Solutions
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Medtronic, Inc.
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Philips
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
16.3.12 Teladoc Health Inc.
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
List of Figures
Figure 1: Global: Telehealth Market: Major Drivers and Challenges
Figure 2: Global: Telehealth Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Telehealth Market: Breakup by Component Type (in %), 2019
Figure 4: Global: Telehealth Market: Breakup by Communication Technology (in %), 2019
Figure 5: Global: Telehealth Market: Breakup by Hosting Type (in %), 2019
Figure 6: Global: Telehealth Market: Breakup by Application (in %), 2019
Figure 7: Global: Telehealth Market: Breakup by End-User (in %), 2019
Figure 8: Global: Telehealth Market: Breakup by Region (in %), 2019
Figure 9: Global: Telehealth Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 10: Global: Telehealth (Software) Market: Sales Value (in Million US$), 2014 & 2019
Figure 11: Global: Telehealth (Software) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 12: Global: Telehealth (Hardware) Market: Sales Value (in Million US$), 2014 & 2019
Figure 13: Global: Telehealth (Hardware) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 14: Global: Telehealth (Services) Market: Sales Value (in Million US$), 2014 & 2019
Figure 15: Global: Telehealth (Services) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 16: Global: Telehealth (Video Conferencing) Market: Sales Value (in Million US$), 2014 & 2019
Figure 17: Global: Telehealth (Video Conferencing) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 18: Global: Telehealth (mHealth Solutions) Market: Sales Value (in Million US$), 2014 & 2019
Figure 19: Global: Telehealth (mHealth Solutions) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 20: Global: Telehealth (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 21: Global: Telehealth (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 22: Global: Telehealth (Cloud-based and Web-based) Market: Sales Value (in Million US$), 2014 & 2019
Figure 23: Global: Telehealth (Cloud-based and Web-based) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 24: Global: Telehealth (On-Premises) Market: Sales Value (in Million US$), 2014 & 2019
Figure 25: Global: Telehealth (On-Premises) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 26: Global: Telehealth (Teleconsultation and Telemonitoring) Market: Sales Value (in Million US$), 2014 & 2019
Figure 27: Global: Telehealth (Teleconsultation and Telemonitoring) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 28: Global: Telehealth (Medical Education and Training) Market: Sales Value (in Million US$), 2014 & 2019
Figure 29: Global: Telehealth (Medical Education and Training) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 30: Global: Telehealth (Teleradiology) Market: Sales Value (in Million US$), 2014 & 2019
Figure 31: Global: Telehealth (Teleradiology) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 32: Global: Telehealth (Telecardiology) Market: Sales Value (in Million US$), 2014 & 2019
Figure 33: Global: Telehealth (Telecardiology) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 34: Global: Telehealth (Tele-ICU) Market: Sales Value (in Million US$), 2014 & 2019
Figure 35: Global: Telehealth (Tele-ICU) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 36: Global: Telehealth (Tele-Psychiatry) Market: Sales Value (in Million US$), 2014 & 2019
Figure 37: Global: Telehealth (Tele-Psychiatry) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 38: Global: Telehealth (Tele-Dermatology) Market: Sales Value (in Million US$), 2014 & 2019
Figure 39: Global: Telehealth (Tele-Dermatology) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 40: Global: Telehealth (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 41: Global: Telehealth (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 42: Global: Telehealth (Providers) Market: Sales Value (in Million US$), 2014 & 2019
Figure 43: Global: Telehealth (Providers) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 44: Global: Telehealth (Patients) Market: Sales Value (in Million US$), 2014 & 2019
Figure 45: Global: Telehealth (Patients) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 46: Global: Telehealth (Payers) Market: Sales Value (in Million US$), 2014 & 2019
Figure 47: Global: Telehealth (Payers) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 48: Global: Telehealth (Others) Market: Sales Value (in Million US$), 2014 & 2019
Figure 49: Global: Telehealth (Others) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 50: North America: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 51: North America: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 52: United States: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 53: United States: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 54: Canada: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 55: Canada: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 56: Asia Pacific: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 57: Asia Pacific: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 58: China: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 59: China: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 60: Japan: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 61: Japan: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 62: India: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 63: India: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 64: South Korea: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 65: South Korea: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 66: Australia: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 67: Australia: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 68: Indonesia: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 69: Indonesia: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 70: Others: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 71: Others: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 72: Europe: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 73: Europe: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 74: Germany: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 75: Germany: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 76: France: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 77: France: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 78: United Kingdom: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 79: United Kingdom: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 80: Italy: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 81: Italy: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 82: Spain: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 83: Spain: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 84: Russia: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 85: Russia: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 86: Others: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 87: Others: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 88: Latin America: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 89: Latin America: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 90: Brazil: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 91: Brazil: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 92: Mexico: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 93: Mexico: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 94: Others: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 95: Others: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 96: Middle East and Africa: Telehealth Market: Sales Value (in Million US$), 2014 & 2019
Figure 97: Middle East and Africa: Telehealth Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 98: Global: Telehealth Industry: SWOT Analysis
Figure 99: Global: Telehealth Industry: Value Chain Analysis
Figure 100: Global: Telehealth Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Telehealth Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Telehealth Market Forecast: Breakup by Component (in Million US$), 2020-2025
Table 3: Global: Telehealth Market Forecast: Breakup by Communication Technology (in Million US$), 2020-2025
Table 4: Global: Telehealth Market Forecast: Breakup by Hosting Type (in Million US$), 2020-2025
Table 5: Global: Telehealth Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 6: Global: Telehealth Market Forecast: Breakup by End-User (in Million US$), 2020-2025
Table 7: Global: Telehealth Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 8: Global: Telehealth Market Structure
Table 9: Global: Telehealth Market: Key Players