As per the analysis by IMARC Group, the global telehealth market reached US$ 12.5 Billion in 2021. The top telehealth companies are focusing on various technological advancements, such as health tracking mobile apps, which enable individuals to monitor and follow a healthy regime. They are developing health monitoring smartphone applications and smart wearables using which patients can keep a regular check on blood pressure, blood glucose levels, sleep patterns, and chronic pain in the body. Moreover, they are also engaging in strategic alliances to expand their product portfolios. For instance, in January 2020, Teladoc Health Inc. entered an agreement to acquire InTouch Health to boost the telemedicine line and extend its presence across hospitals and health systems. Besides this, several companies are making extensive investments in research and development (R&D) activities in the fields of medical sciences and telecommunication technologies, which are expected to propel market growth. Looking forward, IMARC Group expects the market value to reach US$ 41.5 Billion by 2027, expanding at a CAGR of 22.2% during the forecast period (2022-2027).
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Top Telehealth (Telemedicine) Companies in the World:
Aerotel Medical Systems
Establishment - 1988
Headquarter - St. Holon, Israel
Website - https://www.aerotel.com/index.php/en/
Aerotel Medical Systems is a globally recognized industry leader that provides complete solutions for telemedicine, telehealth, and ECG monitoring applications. The company manufactures modular, mobile, and home-based telemedicine and telecare solutions, which are designed to transfer essential medical and lifestyle data over the mobile phone, telephone, wireless, internet, and other electronic media.
Allscripts Healthcare LLC
Establishment - 1981
Headquarter - North Carolina, United States
Website - https://as.allscripts.com/
Allscripts Healthcare LLC is a publicly-traded company based in America that provides physicians, hospitals, and other healthcare providers with practice management and electronic health record technology. It also provides training, remote hosting and hardware, and revenue cycle management services to its clients. Moreover, Allscripts Virtual Triage addresses immediate concerns surrounding the identification and fast treatment of high-risk patients.
AMD Global Telemedicine Inc.
Establishment - 1991
Headquarter - Massachusetts, United States
Website - https://amdtelemedicine.com/
AMD Global Telemedicine is an industry leader in telehealth solutions, which provides software platforms, integrated medical devices, and telemedicine bundled kits to empower healthcare providers and deliver the highest level of care to the patients regardless of the circumstances. The company also uses software to aggregate and deliver the information, allowing healthcare providers to connect with patients and analyze information to diagnose and treat them regardless of the location.
American Well Corporation, Biotelemetry Inc.
Establishment - 2006
Headquarter - Boston, Massachusetts, United States
Website - https://business.amwell.com/
Amwell, formerly known as American Well, is a telemedicine company that connects patients with doctors over a secure video platform. The company sells its platform as a subscription service to healthcare providers to represent their medical professionals online. Moreover, professionals can use the proprietary software development kits, APIs, and system integrations for embedding telehealth within their existing healthcare offerings for their patients and members.
Establishment - 1979
Headquarter - Missouri, United States
Website - https://www.cerner.com/
Cerner Corporation is a recognized company that provides various health information technology (HIT) services, ranging from medical devices to electronic health records (EHR) and hardware for medical practices, long-term care facilities, retail pharmacies, and laboratories. The services provided by the company enable the physicians to digitally store the patient information and keep it updated in real-time. It also offers emergency medicine to help providers act promptly when the patients need immediate attention.
Cisco Systems Inc.
Establishment - 1984
Headquarter - California, United States
Website - https://www.cisco.com/c/en
Cisco Systems, Inc. was founded by Leonard Bosack and Sandy Lerner, offering IT products and services across five major technology areas, namely networking (including Ethernet, optical, wireless, and mobility), security, collaboration (including voice, video, and data), data center, and the internet of things. These networking solutions connect people, computing devices, and computer networks, and allow individuals to access or transfer information regardless of time, place, or type of computer system.
GE Healthcare Inc. (General Electric)
Establishment - 1994
Headquarter - Chicago, United States
Website - https://www.gehealthcare.com/
GE Healthcare is a recognized manufacturer and distributor of diagnostic imaging agents and radiopharmaceuticals for imaging modalities that are used in medical imaging procedures. The company enables clinicians and professionals to make informed decisions through intelligent devices, data analytics, applications, and services supported by its Edison intelligence platform. GE Healthcare has a range of products and services, including electronic medical records, medical imaging and information technologies, medical diagnostics, and patient monitoring systems.
Honeywell International Inc.
Establishment - 1885
Headquarter - North Carolina, United States
Website - https://sps.honeywell.com/us/en/industries/healthcare-life-sciences
Honeywell International, Inc. is continuously evolving to keep up with increasing regulatory pressures while maintaining an environment where patients and staff feel safe. The company primarily operates in four areas of business, namely aerospace, building technologies, performance materials and technologies (PMT), and safety and productivity solutions (SPS). Since 2005, the company has evolved to Intelligent Life Care and added numerous products and solutions to continue to improve the security, comfort, and satisfaction of patients and enable efficient workflows. At present, Honeywell has incorporated integrated video capability into the telehealth platform, allowing healthcare professionals to treat patients in their homes.
Establishment - 1949
Headquarter - Minnesota, United States
Website - https://www.medtronic.com/me-en/index.html#slide-2
Medtronic is a global leader in medical technology, services, and solutions. Presently, the company operates in 150 countries and provides effective solutions that treat more than 70 health conditions, ranging from Parkinson’s disease to diabetes. Moreover, the telehealth program conducted by Medtronic Care Management Services has contributed to reduced hospitalizations, improved lifestyle behaviors, and improved quality of life for these patients.
Establishment - 1896
Headquarter - Amsterdam, Netherlands
Website - https://www.philips.co.in/healthcare
Philips Healthcare is a part of the technology major, Phillips, founded by Gerard Philips and his father Frederik, with their first products being light bulbs. At present, the company operates in four main business areas, namely, diagnostic imaging systems, patient care and clinical informatics, customer services, and home healthcare. Furthermore, Philips inpatient telehealth programs powered by industry-leading clinical algorithms, patented processes, a dedicated care team, and clinical expertise, ensure that the technology, tools, and support improve the quality of care in every hospital unit while reducing overall costs.
Teladoc Health Inc.
Establishment - 2002
Headquarter - New York, United States
Website - https://www.teladochealth.com/
Teladoc Health, Inc. is multinational telemedicine and virtual healthcare company that primarily operates in telehealth, medical opinions, AI and analytics, telehealth devices, and licensable platform services. It uses telephone and videoconferencing software and mobile apps to provide on-demand remote medical care. At present, Teledoc is providing virtual care that includes primary care, mental health, and chronic condition management in more than 130 countries across the globe.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has successfully done multiple projects in the telehealth industry, which has enabled clients to set up and expand their businesses. Some of the company’s offerings include:
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