The global telehealth market size is expected to reach around US$ 224.8 billion by 2030 from US$ 41 billion in 2020 and is expected to grow at an impressive double-digit rate of 18.8% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global telehealth market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
We customize your report according to your research need. REQUEST CUSTOMIZED COPY OF REPORT (Including TOC, List of Tables & Figures, and Chart) @ https://www.precedenceresearch.com/customization/1363
The global telehealth market is primarily driven by the rising adoption of smart and advanced technologies in the healthcare sector. The increased demand for the digital technologies following the COVID-19 pandemic has spread the awareness regarding the importance of developing and adopting digital health services across the globe. The telehealth is attracting the attention of the consumers. According to the Multidisciplinary Digital Publishing Institute, around 89% of the patients are willing to accept the telemedicine as a medical care. Therefore, rising adoption of telehealth among the consumers is augmenting the market growth. Furthermore, the rising investments to develop a strong IT and telecommunications infrastructure is boosting the market growth. The rising burden of chronic diseases and growing geriatric population is boosting the demand for the telehealth.
The rising number of hospital admissions is increasing the burden on the health professionals. The adoption of telehealth in the hospital may reduce the stress on the doctors and physicians and can enhance the operational efficiency of the hospital in the patient care. Moreover, rising government initiatives to boost the adoption of telemedicine is augmenting the growth of the global telehealth market.
Why should you invest in this report?
If you are aiming to enter the global telehealth market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for telehealth are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
North America was the dominant telehealth market in 2020. The improved healthcare infrastructure, strong IT and telecommunications sector, and increased awareness among the population regarding the telehealth is the major factor that boosted the growth of the market. Moreover, increases prevalence of diseases and growing geriatric population in the nation like US is significantly contributing towards the development of the telehealth market.
Asia Pacific is expected to be the fastest-growing market during the forecast period. This can be attributed to the rising adoption of digital technologies in the healthcare sector, rapidly developing telecommunications and IT infrastructure in the region. Moreover, rapidly growing adoption of internet ad smartphones is positively impacting the market growth in this region.
The rising adoption of latest technologies like artificial intelligence, data analytics, and 5G are expected to drive the market during the forecast period. The adoption of such latest technologies can improve analysis of data, enhanced security, and cost efficiency to the telehealth market players, boosting the growth of the market. Further, the high costs associated with the healthcare services can be reduced effectively and benefit the consumers.
The major issues related with the use of the digital health apps is the cybersecurity and data breach, which may lead to the financial losses to both the doctors and the consumers. This is a major challenge that needs to be tackled by the market players.
The lack of awareness among the population regarding the availability of telehealth in the developing and underdeveloped nations is a major restraining factor. Moreover, under-penetration of smart devices and internet connectivity in the rural areas of the developing and underdeveloped economies may restrict the growth of the telehealth market during the forecast period.
Based on the component, the hardware segment dominated the market in 2020. The hardware consists of wide variety of devices such as keyboards, monitors, communication lines, and various other devices. The extensive use of wide variety of costly hardware devices have significantly contributed towards the growth of this segment. Moreover, increasing investments on the acquisition of advanced hardware in the hospitals for improving the patient care services is positively impacting the segment growth.
Based on the end user, the homecare segment is estimated to be the most opportunistic segment during the forecast period. The rising number of old age patients in the developed countries are preferring treatments at homes. The rising awareness regarding the hospital acquired infections is compelling the consumers to obtain treatment at home that boosts the homecare segment of the telehealth market.
Based on the application, the telemedicine segment dominated the market in 2020. Telemedicine is gaining rapid traction among the consumers globally. Moreover, the surging adoption of internet and smartphones is boosting the segment growth.According to ITU, around 4 billion people were using internet by the end of 2019. Most of the internet users operates through their smartphones. Doctors and physicians are now increasingly adopting the telehealth platforms for offering consultations and other services. Hence, this segment is anticipated to remain dominant throughout the forecast period.
Some of the prominent players in the global telehealth market include:
- MDLive , Inc.
- Teladoc Health, Inc.
- American Well
- Doctor on Demand
- OpenTeleHealth
- Grand Rounds, Inc.
- Dictum Health, Inc.
- AirStrip Technologies
- INTeleICU
- Masimo
Market Segmentation:
By Component
- Software
- Hardware
- Services
By End User
- Hospitals
- Homecare
- Others
By Application
- Telemedicine
- Patient Monitoring
- Medical Education
- Others
By Mode of Delivery
- Cloud Based
- On Premises
Regional Analysis:
The geographical analysis of the global telehealth market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global telehealth Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global telehealth market in 2030?
- What is the expected CAGR for the telehealth market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global telehealth market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Telehealth Market
5.1. COVID-19 Landscape: Telehealth Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Telehealth Market, By Component
8.1. Telehealth Market, by Component Type, 2021-2030
8.1.1. Software
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. Hardware
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Services
8.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Telehealth Market, By End User
9.1. Telehealth Market, by End User, 2021-2030
9.1.1. Hospitals
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Homecare
9.1.2.1. Market Revenue and Forecast (2019-2030)
9.1.3. Others
9.1.3.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Telehealth Market, By Application Type
10.1. Telehealth Market, by Application Type, 2021-2030
10.1.1. Telemedicine
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Patient Monitoring
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. Medical Education
10.1.3.1. Market Revenue and Forecast (2019-2030)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Telehealth Market, By Mode of Delivery Type
11.1. Telehealth Market, by Mode of Delivery Type, 2021-2030
11.1.1. Cloud Based
11.1.1.1. Market Revenue and Forecast (2019-2030)
11.1.2. On Premises
11.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 12. Global Telehealth Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Component (2019-2030)
12.1.2. Market Revenue and Forecast, by End User (2019-2030)
12.1.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.1.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Component (2019-2030)
12.1.5.2. Market Revenue and Forecast, by End User (2019-2030)
12.1.5.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.1.5.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Component (2019-2030)
12.1.6.2. Market Revenue and Forecast, by End User (2019-2030)
12.1.6.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.1.6.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Component (2019-2030)
12.2.2. Market Revenue and Forecast, by End User (2019-2030)
12.2.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.2.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Component (2019-2030)
12.2.5.2. Market Revenue and Forecast, by End User (2019-2030)
12.2.5.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.2.5.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Component (2019-2030)
12.2.6.2. Market Revenue and Forecast, by End User (2019-2030)
12.2.6.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.2.6.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Component (2019-2030)
12.2.7.2. Market Revenue and Forecast, by End User (2019-2030)
12.2.7.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.2.7.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Component (2019-2030)
12.2.8.2. Market Revenue and Forecast, by End User (2019-2030)
12.2.8.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.2.8.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Component (2019-2030)
12.3.2. Market Revenue and Forecast, by End User (2019-2030)
12.3.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.3.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Component (2019-2030)
12.3.5.2. Market Revenue and Forecast, by End User (2019-2030)
12.3.5.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.3.5.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Component (2019-2030)
12.3.6.2. Market Revenue and Forecast, by End User (2019-2030)
12.3.6.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.3.6.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Component (2019-2030)
12.3.7.2. Market Revenue and Forecast, by End User (2019-2030)
12.3.7.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.3.7.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Component (2019-2030)
12.3.8.2. Market Revenue and Forecast, by End User (2019-2030)
12.3.8.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.3.8.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Component (2019-2030)
12.4.2. Market Revenue and Forecast, by End User (2019-2030)
12.4.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.4.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Component (2019-2030)
12.4.5.2. Market Revenue and Forecast, by End User (2019-2030)
12.4.5.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.4.5.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Component (2019-2030)
12.4.6.2. Market Revenue and Forecast, by End User (2019-2030)
12.4.6.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.4.6.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Component (2019-2030)
12.4.7.2. Market Revenue and Forecast, by End User (2019-2030)
12.4.7.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.4.7.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Component (2019-2030)
12.4.8.2. Market Revenue and Forecast, by End User (2019-2030)
12.4.8.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.4.8.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Component (2019-2030)
12.5.2. Market Revenue and Forecast, by End User (2019-2030)
12.5.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.5.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Component (2019-2030)
12.5.5.2. Market Revenue and Forecast, by End User (2019-2030)
12.5.5.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.5.5.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Component (2019-2030)
12.5.6.2. Market Revenue and Forecast, by End User (2019-2030)
12.5.6.3. Market Revenue and Forecast, by Application Type (2019-2030)
12.5.6.4. Market Revenue and Forecast, by Mode of Delivery Type (2019-2030)
Chapter 13. Company Profiles
13.1. MDLive , Inc.
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Teladoc Health, Inc.
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. American Well
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Doctor on Demand
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. OpenTeleHealth
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Grand Rounds, Inc.
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Dictum Health, Inc.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. AirStrip Technologies
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. INTeleICU
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Masimo
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Buy Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1363
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
Web: https://www.precedenceresearch.com
0 Comments