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Telehealth Market By Component (Services, Hardware, and Software), Application (Teleradiology, Tele-consultation, Tele-ICU, Tele-stroke, Tele-psychiatry, Tele-dermatology), End Users (Hospitals and Clinics, Diagnostic Centers, Home Care, and Others), Geography (North America, Europe, APAC, and RoW) – Global Forecast up to 2026
Published Date: May 2021
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Report Code: INFO-Othe-4C49
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Telehealth Market By Component Services Hardware and Software Application Teleradiology Tele consultation Tele ICU  Tele stroke Tele psychiatry Tele dermatology End Users Hospitals and Clinics Diagnostic Centers Home Care and Others Geography North America Europe APAC and RoW Global Forecast up to 2026

Telehealth Market By Component (Services, Hardware, and Software), Application (Teleradiology, Tele-consultation, Tele-ICU, Tele-stroke, Tele-psychiatry, Tele-dermatology), End Users (Hospitals and Clinics, Diagnostic Centers, Home Care, and Others), Geography (North America, Europe, APAC, and RoW) – Global Forecast up to 2026

Code: INFO-Othe-4C49
Report
May 2021
112 Pages
Infoholic Research
Region:
Description
Table of Content
Tables & Figures

TELEHEALTH MARKET SIZE

The Telehealth Market is estimated to reach USD 70.19 Billion by 2026, from USD 26.4 Billion in 2020 and registering a CAGR of 17.7% during the forecast period.

Major factors driving the growth of the telehealth market are:

Teleconsultations are cost-effective, and they cut outpatient department wait times. Furthermore, reasons such as the growing population, the need to improve healthcare access, a physician shortage, telecommunications advancements, government assistance, increased awareness, and increased technology use are all contributing to this trend.

TRENDS INFLUENCING THE TELEHEALTH MARKET GROWTH

The growing desire to save healthcare expenditures is projected to propel the telehealth sector forward. Healthcare expenses are skyrocketing due to the increased frequency of chronic diseases and the aging population. This has increased demand for technology-driven platforms that can provide high-quality healthcare while also reducing expenses. Because telehealth successfully addresses these demands, it is quickly being utilized in all healthcare settings.

Because of its convenience, telehealth is growing more popular among urban residents. Furthermore, the current COVID-19 outbreak has resulted in an increase in the number of patients requesting telemedicine consultations. All of these elements are contributing to the telehealth market's expansion.

The telehealth market is projected to be driven by favorable government efforts. Telehealth has been shown to be helpful in lowering distance barriers and assuring rural healthcare delivery. The vast majority of people, especially in developing nations, live in rural areas with inadequate access to high-quality healthcare. As a result, numerous governments are focusing on leveraging virtual care platforms to provide healthcare services in remote places. This, in turn, is likely to present a profitable growth potential for the telehealth industry over the forecast period.

TELEHEALTH MARKET SHARE ANALYSIS

Teleradiology has grabbed a substantial piece of the telehealth market in the last year as a result of an increase in mental health issues among people. Due to a scarcity of healthcare professionals, the telehealth industry has many options for meeting end-user demand. Based on components, software & services segmented accounted for the larger share of the
global telehealth market in 2019.

North America is predicted to be the most profitable region during the projection period. The rise in chronic conditions such as cancer, asthma, and others is boosting the adoption of telehealth services in this region to avoid the high fees paid by Hospitals.

TELEHELATH MARKET SEGMENTATION

By Application

Teleradiology had achieved a major share in the telehealth market in the last year due to increasing mental health issues among people. The insufficient health services providers give the scope of opportunities in the telehealth industry to fulfill the demand of the end-users.

By Component

  • Software
  • Services
  • Hardware.

The market components cover the segments of Software & Services and Hardware. The segment of software & services accounted for the larger share of the global telehealth market in 2019. 

By Region

  • North America
  • Europe
  • APAC
  • RoW.

North America accounts for the largest share in the telehealth market in the entire world. The Telehealth market is growing enormously in the region of North American countries, which is very advanced in the technological perspective and in the advanced medical facilities. The increase of chronic diseases like cancer, asthma, and other diseases driving the adoption of the home healthcare services to avoid the expensive costs charged by hospitals, these are some aspects which increased the growth in the telehealth market in this region. In the last recent years, Europe is also another region in the telehealth market region where market players experienced tremendous growth due to knowing the awareness of remote monitoring and healthcare from home.

The telehealth market is expanding globally during the forecasting period. The factors which give opportunities for this market are lack of physicians, increasing chronic diseases that need immediate attention from the physicians. However, the reimbursement or coverage of the fee, illiteracy of some people who cannot adopt the current advanced telecommunication are the challenges faced by the telehealth market.

Key Companies

  • Teladoc
  • Doctor on Demand
  • GE Healthcare
  • SnapMD
  • Encounter Telehealth
  • GlobalMed
  • HelloMD
  • MDLIVE Inc
  • InTouch Technologies
  • Dictum Health, Inc., LLC
  • American Well.

Globally, advancements in the technologies and growing awareness of remote services increased the demand for telehealth services. In the coming future, emerging countries/regions play an important role in the telehealth services market. This study will help the market players to understand the key market trends, market dynamics, and the end-users pain-points. The qualitative and quantitative analysis of the study will enhance the user experience of the study.

  • The competitive analysis of the major players enables users to understand the dynamic strategies such as technology innovation, partnerships, merger & acquisitions and joint ventures of the key players
  • This report also provides the portfolio analysis and capability analysis of the leading players
  • Quantitative analysis of the market enables users to understand the actual facts of the market across four major regions.

Report Metric

Details

Report Name

Telehealth Market

The market size in 2019

USD 26.4 Billion

The revenue forecast in 2026

USD 70.19 Billion

Growth Rate

CAGR of 17.7

Segment by Component

Services, Hardware, and Software

Segment by Application

Teleradiology, Tele-consultation, Tele-ICU, Tele-stroke, Tele-psychiatry, Tele-dermatology

End Users

Hospitals and Clinics, Diagnostic Centers, Home Care, and Others

Key Companies

Teladoc, Doctor on Demand, GE Healthcare, SnapMD, Encounter Telehealth, GlobalMed, HelloMD, MDLIVE Inc, InTouch Technologies.

1. Executive Summary

2. Industry Outlook

2.1. Industry Overview

2.2. Industry Trends

3. Market Snapshot

3.1. Market Definition

3.2. Market Outlook

3.3. PEST Analysis

3.4. Porter Five Forces

3.5. Related Markets

4. Market characteristics

4.1. Market Evolution

4.2. Market Trends and Impact

4.3. Advantages/Disadvantages of Market

4.4. Regulatory Impact

4.5. Market Offerings

4.6. Market Segmentation

4.7. Market Dynamics

4.7.1. Drivers

4.7.2. Restraints

4.7.3. Opportunities

4.8. DRO - Impact Analysis

5. Component: Market Size & Analysis

5.1. Software & services

5.2. Hardware

6. Application: Market Size & Analysis

6.1. Teleradiology

6.2. Tele-consultation

6.3. Tele-ICU

6.4. Tele-stroke

6.5. Tele-psychiatry

6.6. Tele-dermatology

6.7. Other Applications

7. End User: Market Size & Analysis

7.1. Providers

7.2. Payers

7.3. Patients

7.4. Other

8. Geography: Market Size & Analysis

8.1. North America

8.2. Europe

8.3. Asia Pacific

8.4. Rest of the World

9. Competitive Landscape

9.1. Competitor Comparison Analysis

10. Vendor Profiles

10.1. Teladoc

10.1.1. Overview

10.1.2. Product Offerings

10.1.3. Geographic Revenue

10.1.4. Business Units

10.1.5. Developments

10.1.6. Business Strategy

10.2. Doctor on Demand

10.2.1. Overview

10.2.2. Product Offerings

10.2.3. Geographic Revenue

10.2.4. Business Units

10.2.5. Developments

10.2.6. Business Strategy

10.3. GE Healthcare

10.3.1. Overview

10.3.2. Product Offerings

10.3.3. Geographic Revenue

10.3.4. Business Units

10.3.5. Developments

10.3.6. Business Strategy

10.4. SnapMD

10.4.1. Overview

10.4.2. Product Offerings

10.4.3. Geographic Revenue

10.4.4. Business Units

10.4.5. Developments

10.4.6. Business Strategy

10.5. Encounter Telehealth

10.5.1. Overview

10.5.2. Product Offerings

10.5.3. Geographic Revenue

10.5.4. Business Units

10.5.5. Developments

10.5.6. Business Strategy

10.6. GlobalMed

10.6.1. Overview

10.6.2. Product Offerings

10.6.3. Geographic Revenue

10.6.4. Business Units

10.6.5. Developments

10.6.6. Business Strategy

10.7. HelloMD

10.7.1. Overview

10.7.2. Product Offerings

10.7.3. Geographic Revenue

10.7.4. Business Units

10.7.5. Developments

10.7.6. Business Strategy

10.8. MDLIVE Inc

10.8.1. Overview

10.8.2. Product Offerings

10.8.3. Geographic Revenue

10.8.4. Business Units

10.8.5. Developments

10.8.6. Business Strategy

10.9. InTouch Technologies

10.9.1. Overview

10.9.2. Product Offerings

10.9.3. Geographic Revenue

10.9.4. Business Units

10.9.5. Developments

10.9.6. Business Strategy

10.10. Dictum Health, Inc. LLC

10.10.1. Overview

10.10.2. Product Offerings

10.10.3. Geographic Revenue

10.10.4. Business Units

10.10.5. Developments

10.10.6. Business Strategy

11. Companies to Watch

11.1. American Well

11.1.1. Overview

11.1.2. Market

11.1.3. Business Strategy

11.2. Koninklijke Philips

11.2.1. Overview

11.2.2. Market

11.2.3. Business Strategy

11.3. Medtronic

11.3.1. Overview

11.3.2. Market

11.3.3. Business Strategy

11.4. E Healthcare

11.4.1. Overview

11.4.2. Market

11.4.3. Business Strategy

11.5. Cerner Corporation

11.5.1. Overview

11.5.2. Market

11.5.3. Business Strategy

11.6. Siemens Healthineers Ag

11.6.1. Overview

11.6.2. Market

11.6.3. Business Strategy

11.7. Cisco Systems

11.7.1. Overview

11.7.2. Market

11.7.3. Business Strategy

11.8. Asahi Kasei Corporation

11.8.1. Overview

11.8.2. Market

11.8.3. Business Strategy

11.9. Iron Bow Technologies

11.9.1. Overview

11.9.2. Market

11.9.3. Business Strategy

11.10. Teladoc Health

11.10.1. Overview

11.10.2. Market

11.10.3. Business Strategy

11.11. Medvivo Group

11.11.1. Overview

11.11.2. Market

11.11.3. Business Strategy

11.12. Amc Health

11.12.1. Overview

11.12.2. Market

11.12.3. Business Strategy

11.13. Telespecialists

11.13.1. Overview

11.13.2. Market

11.13.3. Business Strategy

11.14. Medweb

11.14.1. Overview

11.14.2. Market

11.14.3. Business Strategy

11.15. Vsee

11.15.1. Overview

11.15.2. Market

11.15.3. Business Strategy

11.16. Imediplus

11.16.1. Overview

11.16.2. Market

11.16.3. Business Strategy

11.17. Chiron Health

11.17.1. Overview

11.17.2. Market

11.17.3. Business Strategy

11.18. Zipnosis

11.18.1. Overview

11.18.2. Market

11.18.3. Business Strategy

12. Analyst Opinion

13. Annexure

13.1. Report Scope

13.2. Market Definitions

13.3. Research Methodology

13.3.1. Data Collation and In-house Estimation

13.3.2. Market Triangulation

13.3.3. Forecasting

13.4. Report Assumptions

13.5. Declarations

13.6. Stakeholders

13.7. Abbreviations

  • GLOBAL TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE FOR SOFTWARE & SERVICES, BY GEOGRAPHY, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE FOR HARDWARE, BY GEOGRAPHY, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE, BY MODE OF DELIVERY, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE FOR CLOUD-BASED, BY GEOGRAPHY, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE FOR ON-PREMISE, BY GEOGRAPHY, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE FOR TELERADIOLOGY, BY GEOGRAPHY, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE FOR TELE-CONSULTATION, BY GEOGRAPHY, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE FOR TELE-ICU, BY GEOGRAPHY, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE FOR TELE-STROKE, BY GEOGRAPHY, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE FOR TELE-PSYCHIATRY, BY GEOGRAPHY, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE FOR TELE-DERMATOLOGY, BY GEOGRAPHY, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE FOR OTHER, BY GEOGRAPHY, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE, BY END USER, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE FOR PROVIDERS, BY GEOGRAPHY, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE FOR PAYERS, BY GEOGRAPHY, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE FOR PATIENTS, BY GEOGRAPHY, 2020-2026 (USD MILLION)
  • GLOBAL TELEHEALTH MARKET VALUE FOR OTHER, BY GEOGRAPHY, 2020-2026 (USD MILLION)
  • NORTH AMERICA TELEHEALTH MARKET VALUE, BY COUNTRY, 2020-2026 (USD MILLION)
  • NORTH AMERICA TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • NORTH AMERICA TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • NORTH AMERICA TELEHEALTH MARKET VALUE, BY END-USER, 2020-2026 (USD MILLION)
  • U.S TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • U.S TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • U.S TELEHEALTH MARKET VALUE, BY END-USER, 2020-2026 (USD MILLION)
  • CANADA TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • CANADA TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • CANADA TELEHEALTH MARKET VALUE, BY END-USER, 2020-2026 (USD MILLION)
  • EUROPE TELEHEALTH MARKET VALUE, BY COUNTRY, 2020-2026 (USD MILLION)
  • EUROPE TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • EUROPE TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • EUROPE TELEHEALTH MARKET VALUE, BY END-USER, 2020-2026 (USD MILLION)
  • GERMANY TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • GERMANY TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • GERMANY TELEHEALTH MARKET VALUE, BY END-USER, 2020-2026 (USD MILLION)
  • U.K TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • U.K TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • U.K TELEHEALTH MARKET VALUE, BY END-USER, 2020-2026 (USD MILLION)
  • FRANCE TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • FRANCE TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • FRANCE TELEHEALTH MARKET VALUE, BY END-USER, 2020-2026 (USD MILLION)
  • ITALY TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • ITALY TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • ITALY TELEHEALTH MARKET VALUE, BY END-USER, 2020-2026 (USD MILLION)
  • SPAIN TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • SPAIN TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • SPAIN TELEHEALTH MARKET VALUE, BY END-USER, 2020-2026 (USD MILLION)
  • ROE TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • ROE TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • ROE TELEHEALTH MARKET VALUE, BY END-USER, 2020-2026 (USD MILLION)
  • ASIA PACIFC TELEHEALTH MARKET VALUE, BY COUNTRY, 2020-2026 (USD MILLION)
  • ASIA PACIFC TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • ASIA PACIFC TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • ASIA PACIFC TELEHEALTH MARKET VALUE, BY END-USER, 2020-2026 (USD MILLION)
  • CHINA TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • CHINA TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • CHINA TELEHEALTH MARKET VALUE, BY END-USER, 2020-2026 (USD MILLION)
  • INDIA TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • INDIA TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • INDIA TELEHEALTH MARKET VALUE, BY END-USER, 2020-2026 (USD MILLION)
  • JAPAN TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • JAPAN TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • JAPAN TELEHEALTH MARKET VALUE, BY END-USER, 2020-2026 (USD MILLION)
  • AUSTRALIA TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • AUSTRALIA TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • AUSTRALIA TELEHEALTH MARKET VALUE, BY END-USER, 2020-2026 (USD MILLION)
  • REST OF APAC TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • REST OF APAC TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • REST OF APAC TELEHEALTH MARKET VALUE, BY END-USER, 2020-2026 (USD MILLION)
  • REST OF WORLD TELEHEALTH MARKET VALUE, BY COMPONENT, 2020-2026 (USD MILLION)
  • REST OF WORLD TELEHEALTH MARKET VALUE, BY APPLICATION, 2020-2026 (USD MILLION)
  • REST OF WORLD TELEHEALTH MARKET VALUE, BY END-USER, 2020-2026 (USD MILLION)
  • TELADOC.: OVERVIEW    
  • TELADOC.: STRATEGIC SNAPSHOT    
  • TELADOC.: BUSINESS OPPORTUNITIES AND OUTLOOK    
  • TELADOC.: COMPONENT/SERVICE PORTFOLIO
  • DOCTOR ON DEMAND: OVERVIEW    
  • DOCTOR ON DEMAND: STRATEGIC SNAPSHOT    
  • DOCTOR ON DEMAND: BUSINESS OPPORTUNITIES AND OUTLOOK    
  • DOCTOR ON DEMAND: COMPONENT/SERVICE PORTFOLIO
  • GE HEALTHCARE: OVERVIEW    
  • GE HEALTHCARE: STRATEGIC SNAPSHOT    
  • GE HEALTHCARE: BUSINESS OPPORTUNITIES AND OUTLOOK    
  • GE HEALTHCARE: COMPONENT/SERVICE PORTFOLIO
  • SNAPMD: OVERVIEW    
  • SNAPMD: STRATEGIC SNAPSHOT    
  • SNAPMD: BUSINESS OPPORTUNITIES AND OUTLOOK    
  • SNAPMD: COMPONENT/SERVICE PORTFOLIO
  • ENCOUNTER TELEHEALTH: OVERVIEW    
  • ENCOUNTER TELEHEALTH: STRATEGIC SNAPSHOT    
  • ENCOUNTER TELEHEALTH: BUSINESS OPPORTUNITIES AND OUTLOOK    
  • ENCOUNTER TELEHEALTH: COMPONENT/SERVICE PORTFOLIO
  • GLOBALMED: OVERVIEW    
  • GLOBALMED: STRATEGIC SNAPSHOT    
  • GLOBALMED: BUSINESS OPPORTUNITIES AND OUTLOOK    
  • GLOBALMED: COMPONENT/SERVICE PORTFOLIO
  • HELLOMD: OVERVIEW    
  • HELLOMD: STRATEGIC SNAPSHOT    
  • HELLOMD: BUSINESS OPPORTUNITIES AND OUTLOOK    
  • HELLOMD: COMPONENT/SERVICE PORTFOLIO
  • MDLIVE INC.: OVERVIEW    
  • MDLIVE INC.: STRATEGIC SNAPSHOT    
  • MDLIVE INC.: BUSINESS OPPORTUNITIES AND OUTLOOK    
  • MDLIVE INC.: COMPONENT/SERVICE PORTFOLIO
  • INTOUCH TECHNOLOGIES: OVERVIEW    
  • INTOUCH TECHNOLOGIES: STRATEGIC SNAPSHOT    
  • INTOUCH TECHNOLOGIES: BUSINESS OPPORTUNITIES AND OUTLOOK    
  • INTOUCH TECHNOLOGIES: COMPONENT/SERVICE PORTFOLIO
  • DICTUM HEALTH, INC. LLC.: OVERVIEW    
  • DICTUM HEALTH, INC. LLC: STRATEGIC SNAPSHOT    
  • DICTUM HEALTH, INC. LLC: BUSINESS OPPORTUNITIES AND OUTLOOK    
  • DICTUM HEALTH, INC. LLC: COMPONENT/SERVICE PORTFOLIO
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