NEW YORK, Oct. 25, 2023 /PRNewswire/ — The telehealth market size is estimated to grow by USD 170.82 billion during 2022-2027. The market is expected to progress at a CAGR of 29.3% during the forecast period. North America is expected to contribute to 34% of the market growth during the forecast period. Factors like the adoption of advanced telehealth technologies, and the presence of prominent vendors are driving market growth in the region. As 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 are also launching 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 more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) – Request a sample report
Technavio has announced its latest market research report titled Global Telehealth Market 2023-2027
Telehealth Market 2023-2027: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The telehealth market report covers the following areas:
What`s New for 2023?
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
Telehealth Market 2023-2027: Segmentation
Product
Services
Solutions
End-user
Healthcare Providers
Payers
Patients
Geography
North America
Europe
Asia
Rest Of World (ROW)
The services segment is estimated to be significant for the growth of the global telehealth market. The healthcare services included in this segment include live video conferencing, remote patient monitoring, and mHealth. These services enable healthcare professionals to provide effective and accurate consultations to many patients remotely. This 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.
Telehealth Market 2023-2027: Vendor Analysis
The market is fragmented with the presence of various international and domestic vendors. 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 are among some of the major market participants
Get a glance at the market contribution of various segments including country and region wise, historic (2017 to 2021), and forecast market size (2023 to 2027) – Download a Sample Report
Telehealth Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist telehealth market growth during the next five years
Estimation of the telehealth market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the telehealth market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of the telehealth market, vendors
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Telehealth Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 29.3% |
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Market growth 2023-2027 |
USD 170.82 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
28.6 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 34% |
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Key countries |
US, UK, Germany, China, Canada, Mexico, Italy,Spain, Japan, Australia, and South Korea |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
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 |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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 (USD billion)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 (USD 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 (USD billion)
4.2 Product Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 (USD billion)
4.3 End-user Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – End-user Segment 2017 – 2021 (USD billion)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 (USD billion)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 (USD 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 (USD billion)
Exhibit 35: Data Table on Services – Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 39: Data Table on Solutions – Market size and forecast 2022-2027 (USD 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 (USD 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 (USD billion)
Exhibit 48: Data Table on Healthcare providers – Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 52: Data Table on Payers – Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 56: Data Table on Patients – Market size and forecast 2022-2027 (USD 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 (USD 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 (USD billion)
Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 74: Data Table on Asia – Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 78: Data Table on Rest of World (ROW) – Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 82: Data Table on US – Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 86: Data Table on China – Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 90: Data Table on UK – Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 94: Data Table on Germany – Market size and forecast 2022-2027 (USD 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 (USD billion)
Exhibit 98: Data Table on Japan – Market size and forecast 2022-2027 (USD 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 (USD 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 USUSD
Exhibit 172: Currency conversion rates for USUSD
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
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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