The global telehealth market size reached USD 70.5 Billion in 2020 and is expected to register a revenue CAGR of 29.2% during the forecast period, according to latest analysis by Emergen Research.
The report covers the impact analysis of COVID-19 on the market. The pandemic has affected the dynamics of the market on a global level. The report presents the current market scenario and economic landscape with regards to COVID-19 and also provides an analysis of the present and future impact of the pandemic on the global market.
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Leading Players Profiled in the Report:
Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland),GE Healthcare (US), Cerner Corporation (US), Siemens Healthineers (Germany), Cisco Systems, Inc. (US), Teladoc Health Inc. (US), American Well (US), AMC Health (US), MDLive (US), Doctor on Demand (US), Medvivo Group Ltd (UK), Asahi Kasie Corporation (Japan), Iron Bow Technologies (US), Telespecialists Llc (US), GlobalMed (US), MedWeb (US), IMediplus Inc. (China), Vsee (US), Chiron Health (US), and Zipnosis (US).
Emergen Research has segmented global telehealth on the basis of type, component, deployment model, application, end-use, and region:
Type Outlook (Revenue, USD Billion; 2018–2028)
Tele-Home
Tele-Hospital
Component Outlook (Revenue, USD Billion; 2018–2028)
Services
Remote Patient Monitoring
Store-and-forward
Live Video-Conferencing
Mobile Health
Software
Integrated Software
Standalone Software
Hardware
In-home messaging device
Video telemonitor
Interactive Voice Response (IVR)
Medical Peripheral Devices
Blood Pressure Monitors
Blood Glucose Monitors
Weighing Scales
Pulse Oximeters
Peak Flow Meters
ECG Monitors
Other Devices
Deployment Model Outlook (Revenue, USD Billion; 2018–2028)
Web & Cloud-based
On-premises
Application Outlook (Revenue, USD Billion; 2018–2028)
Radiology
Cardiac Monitoring
Primary/Urgent Care
Neurophysiological Monitoring
Remote ICU
Mental Health
Other Applications
End-use Outlook (Revenue, USD Billion; 2018–2028)
Healthcare Providers
Healthcare Payers
Patients
Other End-uses
Some Key Highlights from the Report
Tele-home segment revenue is expected to expand at rapid CAGR during the forecast period owing to the COVID-19 pandemic.
Software segment is expected to register a significantly robust revenue growth rate over the forecast period. The software segment is further sub-segmented into integrated software and standalone software. Integrated software has higher adoption rate than standalone software due to wider range of applications and cost-effectiveness. Some of the examples of integrated systems are exam cameras, networked devices & software, and telehealth stations.
In August 2021, TeleSpecialists, LLC, which is a national leader in hospital-based telemedicine and quality management services, announced the launch of their TelePsychiatry services in hospitals for adult, adolescent, and pediatric patients.
North America is expected to register a considerably steady revenue growth rate in the global telehealth market over the forecast period due to presence of major telehealth system providers such as GE Healthcare, IDEXX Laboratories, Inc., Carestream Health, Inc., and Diagnostic Imaging Systems, Inc., among others.
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The comprehensive report addresses the following questions:
Which region is expected to dominate the market over the coming years?
Which application or end-user segment is anticipated to show significant growth over the projected timeline?
What is the impact of the COVID-19 pandemic on the overall market growth?
What are the macro- and micro-economic factors influencing the growth of the market?
What are the recent R&D and technological advancements in the Telehealth market?
Major Geographies Covered in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the report provides a qualitative and quantitative analysis of the Global Telehealth market, including the global and regional analysis of the market. The study covers critical information and factual data about the Telehealth industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Telehealth market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Telehealth industry.
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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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