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Telehealth Market Size, Share, & Trends Analysis Report By Delivery Mode (Cloud-based, Web-based), By Product Type (Software, Services), By End Use (Providers, Patients), By Region, And Segment Forecasts, 2022 - 2028

January 2022 | 110 pages | ID: T88AA3DB49E0EN
Grand View Research, Inc.

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Telehealth Market Growth & Trends

The global telehealth market size is expected to reach USD 787.4 billion by 2028, registering a CAGR of 36.5% over the forecast period, according to a new report by Grand View Research, Inc. The development and evolution of smartphones and the strengthening of internet connectivity have made telehealth and telemedicine more affordable and accessible, and thereby contributed to its growing adoption rate. Advancements in digital infrastructure are allowing users to seamlessly monitor their health & fitness, book appointments, and avail themselves of medical assistance conveniently. For instance, several platforms and applications, such as Doctor on Demand, MDLive, and Lemonaid, are available for booking appointments, monitoring personal health, honoring medical prescriptions, tracking consultations, and storing healthcare information.

Due to the COVID-19 pandemic, providers and patients are readily adopting teleconsultation and telemedicine services. The ongoing pandemic exposed the shortcomings of the existing healthcare systems and burdened global healthcare facilities & resources, thereby driving the demand for telehealth solutions. The government-imposed travel restrictions and lockdowns to curb the transmission rate led to patients shifting from physical visits to teleconsultation & telemedicine. For instance, as a part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act, telehealth services received USD 200 million funding to provide connected & continuum healthcare services to patients in remote locations. Healthcare providers and patients are portraying readiness in adopting digital health and virtual care solutions.

In addition, healthcare payers, such as insurance companies, are collaborating with key market players to provide free consultation services to their customers. For instance, in Singapore, AIG and Cigna partnered with Doctor Anywhere to provide free consultation services to their customers across Singapore, Thailand, and Vietnam. Advancements in digital infrastructure, a surge in public-private partnerships, a rise in government initiatives, and the growing adoption of digital health technologies are expected to boost the demand for virtual care services and applications. Several key players, such as Siemens Healthineers, GlobalMed, and Doctor Anywhere, witnessed a significant rise in business revenue earnings and growth in active subscribers during the pandemic.

The services segment dominated the global market in 2021 on account of the increased preference for teleconsultation and telemedicine to reduce physical visits and minimize rising healthcare costs. The development of digital infrastructure is also boosting the services segment growth. The web-based delivery mode segment dominated the global market in the past owing to the high usage recorded among patients and healthcare providers. The healthcare providers end-use segment accounted for the largest revenue share in 2021 due to the increased adoption of telemedicine & teleconsultation platforms by providers to reduce the burden on healthcare facilities & resources.

Telehealth Market Report Highlights
  • The market is anticipated to have significant growth due to the advancements in digital infrastructure across the globe and growing awareness among healthcare providers, payers, and patients
  • Services dominated the product type segment in 2021 owing to the growing disease burden and constant technological advancements in the virtual care solutions space
  • The web-based delivery mode segment led the market in 2021 due to the availability of a large number of web-based telehealth solutions that can be easily accessed from remote locations
  • The providers end-use segment accounted for the dominant share of the global revenue in 2021
  • The high share was due to the increased convenience offered by telehealth applications in real-time monitoring and seamless access to patient health records
  • North America led the market in 2021 due to the advancements in digital infrastructure, increased number of smartphone users, excellent internet connectivity, high prevalence of chronic disease, and the presence of several key players in the region
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Research Methodology
1.2. Market Segmentation & Scope
1.3. Market Definition
1.4. Information Procurement
  1.4.1. Purchased Database
  1.4.2. GVR’s Internal Database
  1.4.3. Secondary Sources & Third-Party Perspectives
  1.4.4. Primary Research
1.5. Information Analysis
  1.5.1. Data Analysis Models
1.6. Market Formulation & Data Visualization
1.7. Data Validation & Publishing

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Outlook
2.2. Market snapshot

CHAPTER 3. TELEHEALTH MARKET VARIABLES, TRENDS & SCOPE

3.1. Penetration and Growth Prospects Mapping
3.2. Telehealth Market Dynamics
  3.2.1. Market Driver Analysis
  3.2.2. Market Restraint Analysis
3.3. Telehealth Industry Analysis - Porter’s
  3.3.1. Supplier Power
  3.3.2. Buyer Power
  3.3.3. Substitution Threat
  3.3.4. The threat of New Entrants
  3.3.5. Competitive Rivalry
3.4. Telehealth Industry Analysis - PEST
  3.4.1. Political & Legal Landscape
  3.4.2. Economic Landscape
  3.4.3. Social Landscape
  3.4.4. Technology Landscape
3.5. Major Deals & Strategic Alliances Analysis
3.6. Impact of COVID-19 Pandemic on Telehealth Market

CHAPTER 4. TELEHEALTH MARKET: PRODUCT TYPE ESTIMATES & TREND ANALYSIS

4.1. Service Product type Movement Analysis & Market Share, 2020 & 2028
4.2. Market Size & Forecasts and Trend Analysis, 2016 to 2028 for the following:
  4.2.1. Hardware
    4.2.1.1. Monitors
    4.2.1.2. Medical Peripheral Devices
      4.2.1.2.1. Blood Pressure Meters
      4.2.1.2.2. Blood Glucose Meters
      4.2.1.2.3. Weighing Scales
      4.2.1.2.4. Pulse Oximeters
      4.2.1.2.5. Peak Flow Meters
      4.2.1.2.6. ECG Monitors
      4.2.1.2.7. Others
  4.2.2. Software
    4.2.2.1. Standalone Software
    4.2.2.2. Integrated Software
  4.2.3. Services
    4.2.3.1. Remote Patient Monitoring
    4.2.3.2. Real-Time Interactions
    4.2.3.3. Store and Forward
    4.2.3.4. Other Services

CHAPTER 5. TELEHEALTH MARKET: DELIVERY MODE ESTIMATES & TREND ANALYSIS

5.1. Delivery Mode Movement Analysis & Market Share, 2020 & 2028
5.2. Market Size & Forecasts and Trend Analysis, 2016 to 2028 for the following:
  5.2.1. On-premises
  5.2.2. Web-based
  5.2.3. Cloud-based

CHAPTER 6. TELEHEALTH MARKET: END-USER ESTIMATES & TREND ANALYSIS

6.1. End-user Movement Analysis & Market Share, 2020 & 2028
6.2. Market Size & Forecasts and Trend Analysis, 2016 to 2028 for the following:
  6.2.1. Providers
  6.2.2. Payers
  6.2.3. Patients

CHAPTER 7. TELEHEALTH MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

7.1. Telehealth Market Share, 2020 & 2028
7.2. Market Size & Forecasts and Trend Analysis, 2016 to 2028 for the following:
  7.2.1. North America
    7.2.1.1. U.S.
    7.2.1.2. Canada
  7.2.2. Europe
    7.2.2.1. U.K.
    7.2.2.2. Germany
    7.2.2.3. Spain
    7.2.2.4. France
    7.2.2.5. Italy
    7.2.2.6. Russia
  7.2.3. Asia Pacific
    7.2.3.1. China
    7.2.3.2. Japan
    7.2.3.3. India
    7.2.3.4. South Korea
    7.2.3.5. Australia
  7.2.4. Latin America
    7.2.4.1. Brazil
    7.2.4.2. Mexico
    7.2.4.3. Argentina
  7.2.5. Middle East & Africa
    7.2.5.1. South Africa
    7.2.5.2. Saudi Arabia
    7.2.5.3. UAE

CHAPTER 8. COMPETITIVE ANALYSIS

8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Company/Competition Categorization (Key innovators, Market leaders, Emerging Players)
8.3. Company Market Position Analysis
8.4. List of Key Emerging Companies /Technology Disruptors/Innovators

CHAPTER 9. COMPETITIVE LANDSCAPE

9.1. Company Profiles
  9.1.1. Koninklijke Philips N.V
    9.1.1.1. Company Overview
    9.1.1.2. Financial Performance
    9.1.1.3. Product Benchmarking
    9.1.1.4. Strategic Initiatives
  9.1.2. GE Healthcare
    9.1.2.1. Company Overview
    9.1.2.2. Financial Performance
    9.1.2.3. Product Benchmarking
    9.1.2.4. Strategic Initiatives
  9.1.3. Cerner Corporation
    9.1.3.1. Company Overview
    9.1.3.2. Financial Performance
    9.1.3.3. Product Benchmarking
    9.1.3.4. Strategic Initiatives
  9.1.4. Siemens Healthineers
    9.1.4.1. Company Overview
    9.1.4.2. Financial Performance
    9.1.4.3. Product Benchmarking
    9.1.4.4. Strategic Initiatives
  9.1.5. Medtronic
    9.1.5.1. Company Overview
    9.1.5.2. Financial Performance
    9.1.5.3. Product Benchmarking
    9.1.5.4. Strategic Initiatives
  9.1.6. Teladoc Health Inc
    9.1.6.1. Company Overview
    9.1.6.2. Financial Performance
    9.1.6.3. Product Benchmarking
    9.1.6.4. Strategic Initiatives
  9.1.7. American Well
    9.1.7.1. Company Overview
    9.1.7.2. Financial Performance
    9.1.7.3. Product Benchmarking
    9.1.7.4. Strategic Initiatives
  9.1.8. MD Live
    9.1.8.1. Company Overview
    9.1.8.2. Financial Performance
    9.1.8.3. Product Benchmarking
    9.1.8.4. Strategic Initiatives
  9.1.9. Doctor On Demand
    9.1.9.1. Company Overview
    9.1.9.2. Financial Performance
    9.1.9.3. Product Benchmarking
    9.1.9.4. Strategic Initiatives
  9.1.10. Global Med
    9.1.10.1. Company Overview
    9.1.10.2. Financial Performance
    9.1.10.3. Product Benchmarking
    9.1.10.4. Strategic Initiatives
LIST OF TABLES

Table 1 Product type market revenue estimates and forecasts, 2016 - 2028 (USD Million)
Table 2 Delivery mode market revenue estimates and forecasts, 2016 - 2028 (USD Million)
Table 3 End - use market revenue estimates and forecasts, 2016 - 2028 (USD Million)
Table 4 North America telehealth, by country, 2016 - 2028 (USD Million)
Table 5 North America telehealth market, by product type, 2016 - 2028 (USD Million)
Table 6 North America telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 7 North America telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 8 U.S. telehealth market, by product type, 2016 - 2028 (USD Million)
Table 9 U.S. telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 10 U.S. telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 11 Canada telehealth market, by product type, 2016 - 2028 (USD Million)
Table 12 Canada telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 13 Canada telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 14 Europe telehealth, by country, 2016 - 2028 (USD Million)
Table 15 U.K. telehealth market, by product type, 2016 - 2028 (USD Million)
Table 16 U.K. telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 17 U.K. telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 18 Germany telehealth market, by product type, 2016 - 2028 (USD Million)
Table 19 Germany telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 20 Germany telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 21 Spain telehealth market, by product type, 2016 - 2028 (USD Million)
Table 22 Spain telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 23 Spain telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 24 France telehealth market, by product type, 2016 - 2028 (USD Million)
Table 25 France telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 26 France telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 27 Italy telehealth market, by product type, 2016 - 2028 (USD Million)
Table 28 Italy telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 29 Italy telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 30 Russia telehealth market, by product type, 2016 - 2028 (USD Million)
Table 31 Russia telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 32 Russia telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 33 Asia Pacific telehealth, by country, 2016 - 2028 (USD Million)
Table 34 Asia Pacific telehealth market, by product type, 2016 - 2028 (USD Million)
Table 35 Asia Pacific telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 36 Asia Pacific telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 37 China telehealth market, by product type, 2016 - 2028 (USD Million)
Table 38 China telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 39 China telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 40 Japan telehealth market, by product type, 2016 - 2028 (USD Million)
Table 41 Japan telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 42 Japan telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 43 India telehealth market, by product type, 2016 - 2028 (USD Million)
Table 44 India telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 45 India telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 46 South Korea telehealth market, by product type, 2016 - 2028 (USD Million)
Table 47 South Korea telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 48 South Korea telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 49 Australia telehealth market, by product type, 2016 - 2028 (USD Million)
Table 50 Australia telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 51 Australia telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 52 Latin America telehealth, by country, 2016 - 2028 (USD Million)
Table 53 Latin America telehealth market, by product type, 2016 - 2028 (USD Million)
Table 54 Latin America telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 55 Latin America telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 56 Brazil telehealth market, by product type, 2016 - 2028 (USD Million)
Table 57 Brazil telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 58 Brazil telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 59 Mexico telehealth market, by product type, 2016 - 2028 (USD Million)
Table 60 Mexico telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 61 Mexico telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 62 Argentina telehealth market, by product type, 2016 - 2028 (USD Million)
Table 63 Argentina telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 64 Argentina telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 65 MEA telehealth, by country, 2016 - 2028 (USD Million)
Table 66 MEA telehealth market, by product type, 2016 - 2028 (USD Million)
Table 67 MEA telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 68 MEA telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 69 South Africa telehealth market, by product type, 2016 - 2028 (USD Million)
Table 70 South Africa telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 71 South Africa telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 72 UAE telehealth market, by product type, 2016 - 2028 (USD Million)
Table 73 UAE telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 74 UAE telehealth market, by end - use, 2016 - 2028 (USD Million)
Table 75 Saudi Arabia telehealth market, by product type, 2016 - 2028 (USD Million)
Table 76 Saudi Arabia telehealth market, by delivery mode, 2016 - 2028 (USD Million)
Table 77 Saudi Arabia telehealth market, by end - use, 2016 - 2028 (USD Million)
LIST OF FIGURES

Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Global telehealth market summary, 2020, (USD Million)
Fig. 9 Global telehealth market trends & outlook
Fig. 10 Global telehealth market segmentation
Fig. 11 Penetration & growth prospect mapping
Fig. 12 Market driver analysis (Current & future impact)
Fig. 13 Market restraint analysis (Current & future impact)
Fig. 14 Global telehealth market, product product type outlook: Key takeaways (USD Millions)
Fig. 15 Global telehealth market: Product product type movement analysis
Fig. 16 Global telehealth market, delivery mode outlook: Key takeaways (USD Millions)
Fig. 17 Global telehealth market: Delivery mode movement analysis
Fig. 18 Global telehealth market, end-use outlook: Key takeaways (USD Millions)
Fig. 19 Global telehealth market: End-use movement analysis
Fig. 20 Telehealth regional marketplace: Key takeaways
Fig. 21 Telehealth market: Regional movement analysis (USD Million)
Fig. 22 North America telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 23 U.S. telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 24 Canada telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 25 Europe telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 26 U.K. telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 27 Germany telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 28 Spain telehealth consulting market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 29 Italy telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 30 France telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 31 Russia telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 32 Asia Pacific telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 33 China telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 34 Japan telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 35 India telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 36 South Korea telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 37 Australia telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 38 Latin America telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 39 Brazil telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 40 Mexico telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 41 Argentina telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 42 MEA telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 43 South Africa telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 44 UAE telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 45 Saudi Arabia telehealth market estimates and forecasts, 2016 - 2028 (USD Million)
Fig. 46 Company market position analysis (Geographic presence, product portfolio, key alliance, industry experience)


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