Telehealth Market size is set to grow by USD 170.82 billion from 2022 to 2027, The growing incidences and prevalence of chronic diseases to boost the market growth - Technavio

NEW YORK, June 15, 2023 /PRNewswire/ -- The global telehealth market size is estimated to increase by USD 170.82 billion from 2022 to 2027. The market's growth momentum will progress at a CAGR of 29.3% during the forecast period. The growing incidences and prevalence of chronic diseases such as cardiovascular diseases (CVDs), cancer, Alzheimer's disease, asthma, chronic obstructive pulmonary diseases (COPDs), and diabetes predominately drive the growth of the telehealth market. Some of the reasons that play a major role in increasing the incidence of chronic diseases include the adoption of sedentary lifestyles, physiological changes in the body, and unhealthy diets. Furthermore, the use of telehealth helps in the effective management of chronic diseases and helps patients consult medical professionals in time by using mobile devices, live videos, and other smart digital tools. Hence, such factors drive the market growth during the forecast period. Discover some insights on the market size historic period (2017 to 2021) and Forecast 2023-2027 before buying the full report -Request a sample report

Telehealth market – Vendor Analysis

Vendor Landscape - The global telehealth market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer telehealth in the market are Aerotel Medical Systems Ltd., American Well Corp., Appello Careline Ltd., Cerner Corp., Cisco Systems Inc., Dictum Health Inc., Enghouse Systems Ltd., Evernorth Health Inc., General Electric Co., Hewlett Packard Enterprise Co., Honeywell International Inc., Included Health Inc., Iris Telehealth, Koninklijke Philips NV, Medvivo Group Ltd., Resideo Technologies Inc., Siemens AG, Teladoc Health Inc., Tunstall Healthcare Group Ltd., and GlobalMed and others.

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Vendor Offerings -

• American Well Corp. - The company offers solutions for telehealth where the products are designed to be simple and intuitive and leverage a single meeting place for virtual care.
• Appello Careline Ltd. - The company offers solutions for telehealth which helps to engage virtually with patients, assess their needs and direct them towards treatment and care.
• Cerner Corp. - The company offers solutions for telehealth where clinicians are able to engage with patients at every major touchpoint of their healthcare journey.
• For details on the vendor and their offerings – Request a sample report

Telehealth Market - Segmentation Assessment

Segment Overview
This market report extensively covers market segmentation by product (services and solutions), and end-user (healthcare providers, payers, and patients).

• The market share growth by the services segment will be significant for the growth of the global telehealth market during the forecast period. The segment includes live video conferencing, remote patient monitoring, and mHealth. Such services enable healthcare professionals to provide effective and accurate consultations to many patients remotely. Furthermore, the service also helps healthcare professionals to attend administrative meetings, training sessions, and health administration. Rapid technological advances and improved internet services are majorly contributing to the growth of the segment.

Geography Overview
By geography, the global telehealth market is segmented into North America, Europe, Asia, and Rest of World (ROW). The report provides actionable insights and estimates the contribution of all regions to the growth of the global telehealth market.

• North America is expected to account for 34% of the market growth during the forecast period. Factors such as the adoption of advanced telehealth technologies, and the presence of prominent vendors are driving market growth in the region. Since the number of healthcare professionals adapting to the technology is increasing, regional vendors are providing a range of solutions to meet the demand. Governments in the region launch programs for programs involving telehealth solutions. For instance, in April 2021, New Jersey governing boards for occupational therapy, respiratory care, counseling, and dentistry planned to consider a bill to broaden reimbursement for covered services offered through telehealth and introduce new flexibilities, such as reimbursement parity, distance, and location requirements.

For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 - Download a Sample Report

Telehealth Market – Market Dynamics

Key Trends - 

An emerging telehealth market trend is the technological advances in healthcare. Healthcare professionals use tools such as mobile health (mHealth), AI, machine learning, and IoT to provide high-quality, remote patient care.

Furthermore, mHealth allows healthcare providers to monitor patients and communicate with them easily. It is a popular approach and research institutes develop advanced mHealth technology, such as a sensor-embedded toilet seat for monitoring congestive heart failure patients. Hence, such trends influence the growth of the market during the forecast period.

Major challenges - 

Privacy and data security concerns are prominent challenges to the growth of the telehealth market during the forecast period. Telehealth is an effective alternative to traditional healthcare delivery methods. Furthermore, technological advancements have widened the scope for better healthcare services for patients. However, the collection and aggregation of data such as patient health details, clinical information, and others are integral and an important part of providing patient care with telehealth technology.

Also, routine data is shared with medical professionals from patients' medical devices or mobile applications for routine monitoring of his/her health. However, unauthorized access to medical data, data theft, data breaches, hacking by unauthorized people or data hackers, and the loss of data during the transmission of patient data on cloud-based networks. This poses a great threat to the growth of the market during the forecast period.

Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Telehealth Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the telehealth market between 2023 and 2027
• Precise estimation of the size of the telehealth market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the telehealth market across North America, Europe, Asia, and the Rest of the World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of telehealth market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global telehealth market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global telehealth market 2017 - 2021 ($ billion)

• 4.2 Product Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ billion)

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Services - Market size and forecast 2022-2027
• Exhibit 34: Chart on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Services - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 6.4 Solutions - Market size and forecast 2022-2027
• Exhibit 38: Chart on Solutions - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Solutions - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Solutions - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Solutions - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ billion)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 7.3 Healthcare providers - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Healthcare providers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Healthcare providers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Healthcare providers - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Healthcare providers - Year-over-year growth 2022-2027 (%)

• 7.4 Payers - Market size and forecast 2022-2027
• Exhibit 51: Chart on Payers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Payers - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Payers - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Payers - Year-over-year growth 2022-2027 (%)

• 7.5 Patients - Market size and forecast 2022-2027
• Exhibit 55: Chart on Patients - Market size and forecast 2022-2027 ($ billion)
• Exhibit 56: Data Table on Patients - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Chart on Patients - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Patients - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by End-user 
• Exhibit 59: Market opportunity by End-user ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027
• Exhibit 73: Chart on Asia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on Asia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027
• Exhibit 89: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 American Well Corp. 
• Exhibit 108: American Well Corp. - Overview
• Exhibit 109: American Well Corp. - Product / Service
• Exhibit 110: American Well Corp. - Key offerings

• 12.4 Appello Careline Ltd. 
• Exhibit 111: Appello Careline Ltd. - Overview
• Exhibit 112: Appello Careline Ltd. - Product / Service
• Exhibit 113: Appello Careline Ltd. - Key offerings

• 12.5 Cerner Corp. 
• Exhibit 114: Cerner Corp. - Overview
• Exhibit 115: Cerner Corp. - Business segments
• Exhibit 116: Cerner Corp. - Key offerings
• Exhibit 117: Cerner Corp. - Segment focus

• 12.6 Cisco Systems Inc. 
• Exhibit 118: Cisco Systems Inc. - Overview
• Exhibit 119: Cisco Systems Inc. - Business segments
• Exhibit 120: Cisco Systems Inc. - Key news
• Exhibit 121: Cisco Systems Inc. - Key offerings
• Exhibit 122: Cisco Systems Inc. - Segment focus

• 12.7 Enghouse Systems Ltd. 
• Exhibit 123: Enghouse Systems Ltd. - Overview
• Exhibit 124: Enghouse Systems Ltd. - Business segments
• Exhibit 125: Enghouse Systems Ltd. - Key offerings
• Exhibit 126: Enghouse Systems Ltd. - Segment focus

• 12.8 Evernorth Health Inc. 
• Exhibit 127: Evernorth Health Inc. - Overview
• Exhibit 128: Evernorth Health Inc. - Product / Service
• Exhibit 129: Evernorth Health Inc. - Key news
• Exhibit 130: Evernorth Health Inc. - Key offerings

• 12.9 General Electric Co. 
• Exhibit 131: General Electric Co. - Overview
• Exhibit 132: General Electric Co. - Business segments
• Exhibit 133: General Electric Co. - Key news
• Exhibit 134: General Electric Co. - Key offerings
• Exhibit 135: General Electric Co. - Segment focus

• 12.10 Hewlett Packard Enterprise Co. 
• Exhibit 136: Hewlett Packard Enterprise Co. - Overview
• Exhibit 137: Hewlett Packard Enterprise Co. - Business segments
• Exhibit 138: Hewlett Packard Enterprise Co. - Key news
• Exhibit 139: Hewlett Packard Enterprise Co. - Key offerings
• Exhibit 140: Hewlett Packard Enterprise Co. - Segment focus

• 12.11 Honeywell International Inc. 
• Exhibit 141: Honeywell International Inc. - Overview
• Exhibit 142: Honeywell International Inc. - Business segments
• Exhibit 143: Honeywell International Inc. - Key news
• Exhibit 144: Honeywell International Inc. - Key offerings
• Exhibit 145: Honeywell International Inc. - Segment focus

• 12.12 Included Health Inc. 
• Exhibit 146: Included Health Inc. - Overview
• Exhibit 147: Included Health Inc. - Product / Service
• Exhibit 148: Included Health Inc. - Key offerings

• 12.13 Koninklijke Philips NV 
• Exhibit 149: Koninklijke Philips NV - Overview
• Exhibit 150: Koninklijke Philips NV - Business segments
• Exhibit 151: Koninklijke Philips NV - Key news
• Exhibit 152: Koninklijke Philips NV - Key offerings
• Exhibit 153: Koninklijke Philips NV - Segment focus

• 12.14 Resideo Technologies Inc. 
• Exhibit 154: Resideo Technologies Inc. - Overview
• Exhibit 155: Resideo Technologies Inc. - Business segments
• Exhibit 156: Resideo Technologies Inc. - Key offerings
• Exhibit 157: Resideo Technologies Inc. - Segment focus

• 12.15 Siemens AG 
• Exhibit 158: Siemens AG - Overview
• Exhibit 159: Siemens AG - Business segments
• Exhibit 160: Siemens AG - Key news
• Exhibit 161: Siemens AG - Key offerings
• Exhibit 162: Siemens AG - Segment focus

• 12.16 Teladoc Health Inc. 
• Exhibit 163: Teladoc Health Inc. - Overview
• Exhibit 164: Teladoc Health Inc. - Business segments
• Exhibit 165: Teladoc Health Inc. - Key offerings
• Exhibit 166: Teladoc Health Inc. - Segment focus

• 12.17 Tunstall Healthcare Group Ltd. 
• Exhibit 167: Tunstall Healthcare Group Ltd. - Overview
• Exhibit 168: Tunstall Healthcare Group Ltd. - Product / Service
• Exhibit 169: Tunstall Healthcare Group Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 170: Inclusions checklist
• Exhibit 171: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 172: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 173: Research methodology
• Exhibit 174: Validation techniques employed for market sizing
• Exhibit 175: Information sources

• 13.5 List of abbreviations 
• Exhibit 176: List of abbreviations

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