According to IMARC Group’s latest report, titled “Telehealth Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global telehealth market reached a value of US$ 12.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 41.5 Billion by 2027, exhibiting at a CAGR of 22.2% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Telehealth refers to the distribution and facilitation of health-related services and information via telecommunication and digital communication technologies. It is used by healthcare professionals to train medical staff and organize administrative meetings remotely. It relies on various technologies, such as mobile health (mHealth) applications, audio and video conferencing, remote patient monitoring (RPM), and digital photography.
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Market Trends
The growing geriatric population, which is highly susceptible to chronic diseases, is driving the need for homecare-based medical treatment, which, in turn, is augmenting the market growth. In addition, telehealth allows patients to monitor their health, book appointments online, and avail themselves of medical assistance remotely. This, in confluence with the development of numerous wearable devices like fitness bands to keep a regular check on blood pressure, glycemic level, sleep patterns, and chronic pain in the body, is contributing to the market growth. Furthermore, various government initiatives and the implementation of favorable policies are projected to propel the market growth.
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List of Key Companies Covered in this Market Report:
- Aerotel Medical Systems
- Allscripts Healthcare LLC
- AMD Global Telemedicine Inc.
- American Well Corporation
- Biotelemetry Inc.
- Cerner Corporation
- Cisco Systems Inc.
- GE Healthcare Inc. (General Electric),
- Honeywell Life Care Solutions
- Medtronic Inc.
- Philips Healthcare
- Teladoc Health Inc.
The report has segmented on the basis of component, communication technology, hosting type, application, end-user and geography
Breakup by Component:
- Software
- Hardware
- Services
Breakup by Communication Technology:
- Video Conferencing
- mHealth Solutions
- Others
Breakup by Hosting Type:
- Cloud-Based and Web-based
- On-Premises
Breakup by Application:
- Teleconsultation and Telementoring
- Medical Education and Training
- Teleradiology
- Telecardiology
- Tele-ICU
- Tele-Psychiatry
- Tele-Dermatology
- Others
Breakup by End-User:
- Providers
- Patients
- Payers
- Others
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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