The global telehealth/telemedicine market is expected to grow at a CAGR of 37.7% during the forecast period, to reach USD 191.7 billion by 2025 from an estimated USD 38.7 billion in 2020.
The key factors driving the growth of this market include the need to expand healthcare access, the growing prevalence of chronic diseases and conditions, a shortage of physicians, advancements in telecommunications, government support and raising awareness, and rising technology adoption in the wake of COVID-19. However, regional variations in regulations, fraud, and the use of social media for care providers will restrict market growth during the forecast period.
The software & services segment will grow at the highest rate during the forecast period.
Based on components, the telehealth market is segmented into software & services, and hardware segment. The software & segment accounted for the largest share of the telehealth market in 2019. The large share of this segment is mainly due to the increasing adoption of telehealth and telemedicine across the globe. The hardware segment is projected to register the highest CAGR of 18.6% in the forecast period.
By delivery mode, the cloud-based segment accounted for the largest share of the telehealth market in 2019.
Based on the mode of delivery, the global telehealth market is segmented into cloud-based and on-premise segments. The human pathology segment accounted for the largest share of the telehealth market in 2019. The major factors driving the market for cloud-based delivery mode segments are the on-demand nature of the services, their easy scalability, and the cost-curtailing nature of cloud-based solutions.
The market in the Asia Pacific is projected to witness the highest share during the forecast period (2020-2025).
The Asia Pacific is projected to register the highest growth during the forecast period. This large share can be attributed to factors such as the rising prevalence of chronic conditions, the need to reduce healthcare expenditure, increasing overall and geriatric population.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Telehealth and Telemedicine Market Overview 4.2 North America: Telehealth and Telemedicine Market, by Product (2019) 4.3 Geographic Snapshot of the Telehealth and Telemedicine Market 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 22.214.171.124 Rising Population and Need to Expand Healthcare Access 126.96.36.199 Rising Prevalence of Chronic Conditions and Cost-Benefits of Telehealth & Telemedicine 188.8.131.52 Shortage of Physicians 184.108.40.206 Advancements in Telecommunications 220.127.116.11 Government Support and Rising Awareness 18.104.22.168 Technology Adoption in the Wake of COVID-19 22.214.171.124.1 Private and Public Support for COVID-19 Management 5.2.2 Restraints 126.96.36.199 Regulatory Variations Across Regions 188.8.131.52 Fraud in Telemedicine and Telehealth 184.108.40.206 Use of Social Media 5.2.3 Opportunities 220.127.116.11 High Utility in Combating Infectious Diseases and Epidemics 18.104.22.168 Use of Blockchain 22.214.171.124 Ai and Analytics 126.96.36.199 Virtual Assistants 5.2.4 Challenges 188.8.131.52 Inability to Ascertain Hygiene and Cleanliness 184.108.40.206 Behavioral Barriers, Healthcare Affordability, and Lack of Awareness 5.3 Impact of COVID-19 on the Telehealth Market 5.4 Value Chain 5.5 Ecosystem 5.6 Technology Analysis
6 Telehealth and Telemedicine Market, by Component 6.1 Introduction 6.2 Software & Services 6.2.1 Remote Patient Monitoring Software & Services 220.127.116.11 Convenience and High Utility are Driving Demand for Remote Monitoring Services and Devices 6.2.2 Real-Time Interaction Software & Services 18.104.22.168 Synchronous Nature and Potential to Increase Healthcare Access Will Drive Market Growth in this Segment 6.2.3 Store-And-Forward Software & Services 22.214.171.124 Limited Reimbursement Scenario May Affect Market Growth 6.3 Hardware 6.3.1 Medical Peripheral Devices 126.96.36.199 Blood Pressure Monitors 188.8.131.52.1 Convenience and Growing Demand Have Ensured High Market Growth in this Segment 184.108.40.206 Blood Glucose Meters 220.127.116.11.1 Growth in the Diabetic Population Will Ensure Strong Demand for Blood Glucose Monitoring 18.104.22.168 Weight Scales 22.214.171.124.1 Increase in Obesity Will Ensure Strong Demand for Weight Scales and Management 126.96.36.199 Pulse Oximeters 188.8.131.52.1 Rising Awareness of Self-Monitoring and Device Convenience Have Supported the Demand for Pulse Oximeters 184.108.40.206 Peak Flow Meters 220.127.116.11.1 Technological Advancements and Growing Awareness are Driving Market Growth 18.104.22.168 Ecg Monitors 22.214.171.124.1 Rising Incidence of Cvd Drives Demand for Ecg Monitors 126.96.36.199 Other Medical Peripheral Devices 6.3.2 Monitors 188.8.131.52 Increase in Remote Monitoring and Telemedicine Adoption Will Drive the Requirement of Monitors 7 Telehealth and Telemedicine Market, by Application 7.1 Introduction 7.2 Teleradiology 7.2.1 Teleradiology to Account for the Largest Share of the Telehealth and Telemedicine Market 7.3 Telepsychiatry 7.3.1 Shortage of Mental Health Practitioners and Favorable Reimbursement Scenario Drive Market Growth 7.4 Telestroke 7.4.1 Rising Stroke Incidence and Shortage of Specialists Have Supported the Adoption of Telestroke 7.5 Teleicu 7.5.1 Market for Teleicu to Rise Owing to Rising Emergency Visits, Aging Population, and Personnel Shortage in Rural Areas 7.6 Teledermatology 7.6.1 Wide Usage of High-End Cameras and Rapid Access to Care Have Contributed to the Use of Teledermatology 7.7 Teleconsultation 7.7.1 Shortage of Physicians to Drive the Market for Teleconsultation 7.8 Other Applications
8 Telehealth and Telemedicine Market, by Mode of Delivery 8.1 Introduction 8.2 Cloud-Based Mode of Delivery 8.2.1 Cloud-Based Solutions Dominate the Market 8.3 On-Premise Mode of Delivery 8.3.1 On-Premise Solutions Provide Enhanced Control of Software and Allow Reuse of Existing Infrastructure
9 Telehealth and Telemedicine Market, by End-user 9.1 Introduction 9.2 Providers 9.2.1 Providers to Account for the Largest Market Share 9.3 Payers 9.3.1 Telehealth and Telemedicine Enable Payers to Reduce Patient Readmissions and Overhead Costs 9.4 Patients 9.4.1 Cost-Benefits, Emergence of Advanced Wearable Monitors, and Rising Disease Prevalence Support Demand Among Patients 9.5 Other End-users 10 Telehealth and Telemedicine Market, by Region 10.1 Introduction 10.2 North America 10.2.1 US 10.2.1.1 The Us Accounts for the Largest Share of the North American Market 10.2.2 Canada 10.2.2.1 Increasing Collaboration and Efforts to Promote the Adoption of Telehealth and Telemedicine Will Boost Market Growth in Canada 10.3 Europe 10.3.1 Germany 10.3.1.1 Rapid Digitization of Healthcare Systems and the Rise in the Geriatric Population are Driving Market Growth 10.3.2 France 10.3.2.1 Favorable Reimbursement and Investment Scenario for Telehealth Has Supported the Market in France 10.3.3 UK 10.3.3.1 Need to Manage Increasing Healthcare Expenditure and a Severe Shortage of Physicians Have Boosted Adoption of Telehealth 10.3.4 Italy 10.3.4.1 Established Telehealth and Telespecialty Practices and High Density of Aging Population Drive Market Growth in Italy 10.3.5 Spain 10.3.5.1 Well-Organized and Efficient Healthcare System Indicates Opportunities for Telehealth Adoption 10.3.6 Roe 10.4 Asia-Pacific 10.4.1 China 10.4.1.1 China to Account for the Largest Share of the APAC Telehealth and Telemedicine Market 10.4.2 Japan 10.4.2.1 Universal Healthcare Coverage, Well-Established Insurance System, and Strong Infrastructure Make Japan a Prominent APAC Market 10.4.3 India 10.4.3.1 Favorable Government Policies and High Density of Rural Population Support the Market Growth in India 10.4.4 Australia 10.4.4.1 The Popularity of Telehealth and Telemedicine is Growing in Australia 10.4.5 Roapac 10.5 Rest of the World 10.5.1 Latin America 10.5.1.1 Legislative Changes, Aging Population, and Uneven Physician Distribution Will Favor Market Growth in Latam 10.5.2 Middle East & Africa 10.5.2.1 Healthcare Infrastructural Development and Government Initiatives Will Drive the Market in the Mea 11 Competitive Landscape 11.1 Introduction 11.2 Market Ranking Analysis 11.3 Competitive Leadership Mapping (Overall Market) (2019) 11.3.1 Stars 11.3.2 Emerging Leaders 11.3.3 Pervasive Players 11.3.4 Emerging Companies 11.4 Competitive Leadership Mapping: Start-Ups/Smes (2019) 11.4.1 Progressive Companies 11.4.2 Starting Blocks 11.4.3 Responsive Companies 11.4.4 Dynamic Companies 11.5 Key Partnerships and Collaborations 11.6 Key Product Launches 11.7 Key Acquisitions and Mergers 12 Company Profiles 12.1 Koninklijke Philips 12.2 Medtronic 12.3 GE Healthcare 12.4 Cerner Corporation 12.5 Siemens Healthineers Ag 12.6 Cisco Systems 12.7 Asahi Kasei Corporation 12.8 Iron Bow Technologies 12.9 American Well 12.10 Teladoc Health 12.11 Medvivo Group 12.12 Amc Health 12.13 Telespecialists 12.14 Doctor on Demand 12.15 Mdlive 12.16 Globalmed 12.17 Medweb 12.18 Vsee 12.19 Imediplus 12.20 Chiron Health 12.21 Zipnosis
13 Appendix 13.1 Discussion Guide 13.2 Knowledge Store: The Subscription Portal 13.3 Available Customizations