Telehealth Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Telehealth Market Report Overview

The telehealth market size was $364.6 million in 2023. The market will grow at a CAGR of more than 5% during 2023-2033. The following are some of the key highlights of the telehealth market:

  • Consumers who value convenience and enhanced access to care have increased their demand for telehealth services.
  • Increasing advancements in telecommunications and increasing government support will drive the telehealth market during the forecast period.
  • In 2023, the telehealth software and services dominated the market share.
  • In 2023, the Asia-Pacific telehealth market was the leading regional segment.
  • Teladoc Health Inc. had the highest market share in 2023.

Telehealth Market Outlook, 2023-2033 ($ Million)

Telehealth Market Outlook, 2023-2033 ($ Million)

Buy the Full Report for More Insights into the Telehealth Market Forecast

Download a Free Report Sample

The telehealth market research report has been created to help understand market behavior, which will help identify quantitative market trends in the digital health therapeutic area. It discusses in detail the impact of COVID-19 on the telehealth market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing your in-licensing and out-licensing strategies. Furthermore, the report provides telehealth market share by company that will help in identifying untapped market opportunities.

Market Size (2023) $364.6 million
CAGR (2023-2033) >5%
Forecast Period 2023-2033
Historical Period 2015-2022
Key Segments ·        Telehealth Devices

·        Telehealth Software and Services

Key Regions ·        North America

·        Europe

·        Asia-Pacific

·        South and Central America

·        Middle East and Africa

Leading Companies ·        Koninklijke Philips NV

·        American Well Corp

·        Teladoc Health Inc

·        Siemens AG

Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

Telehealth Market Dynamics

Trends: During COVID-19, the use of telehealth grew significantly. A shift toward less expensive alternatives for high-quality healthcare has been seen after the pandemic. However, factors such as limited accessibility to high-speed internet, large storage space, and high installation costs may affect the demand for telehealth.

Future Outlook: With the increasing advancement of IT and Healthcare technologies and infrastructure across the world, digital health systems will likely adopt some new features and updates. Telehealth can also benefit patients by lowering the cost of medical care and making it easier for patients to connect to doctors from their homes. The addition of assisted surgery and training will help minimize human errors in surgeries and will revolutionize the medical healthcare systems.

Telehealth Market Segments

The key segments in the telehealth market are telehealth devices and telehealth software and services. Telehealth software and services can be integrated with a provider’s electronic health record and scheduling systems. Telemedicine software enables healthcare professionals to communicate virtually with patients and, in some circumstances, with one another.

Telehealth Market Analysis by Segments, 2023 (%)

Telehealth Market Analysis by Segments, 2023 (%)

Buy the Full Report for More Segment Insights into the Telehealth Market

Download a Free Report Sample

Telehealth Market Segmentation by Regions

The key regions in the telehealth market are Asia-Pacific, Europe, the Middle East, and Africa. North America and South and Central America are other leading regional markets. APAC is one of the fastest-growing regions since it has many untapped opportunities.

The growing elderly population in nations like India and Japan, together with technological developments in the field of digital health and research activities carried out by the major companies in the region, are driving the Asia-Pacific telehealth market growth. Furthermore, favorable government initiatives to increase internet access and growing demand for healthcare and medical support in rural locations will positively impact the growth of the telehealth market.

The China telehealth market follows global and regional trends for Asia Pacific. The Chinese government’s ongoing backing of emerging technologies and their rapid growth have led to a digital transformation and an acceleration of the country’s healthcare industry in recent years. This enhances hospital administration and healthcare services’ effectiveness and quality.

Telehealth Market Analysis by Regions, 2023 (%)

Telehealth Market Analysis by Regions, 2023 (%)

Buy the Full Report for More Regional Insights into the Telehealth Market

Download a Free Report Sample

Telehealth Market - Competitive Landscape

A few of the leading companies in the telehealth market are:

  • Koninklijke Philips NV
  • American Well Corp
  • Teladoc Health Inc
  • Siemens AG

During the pandemic, patients were able to obtain ongoing care through telehealth, especially from experts, who were also able to accept more patients and enter new markets. They were able to dominate underserved markets thanks to telemedicine. Advancements in telemedicine technology as well as in technology infrastructure, such as internet accessibility for patients, have made it possible for patients who might not otherwise have access to healthcare services to do so. Reducing the costs of the services and availability of strong internet to every person will help increase the market.

Telehealth Market Analysis by Companies, 2023 (%)

Telehealth Market Analysis by Companies, 2023 (%)

Buy the Full Report for More Company Insights into the Telehealth Market

Download a Free Report Sample

Segments Covered in the Report

Telehealth Segments Outlook (Value, $ Million, 2015-2033)

  • Telehealth Devices
  • Telehealth Software and Services

Telehealth Regional Outlook (Value, $ Million, 2015-2033)

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East & Africa

Key Inclusions

Currently marketed telehealth and evolving competitive landscape:

  • Insightful review of the key industry trends.
  • Annualized total Telehealth market revenue by segment and market outlooks from 2015-2033.
  • Market-level data on units, average selling prices, and market values.

Global, Regional, and Country level market specific insights:

  • Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
  • SWOT analysis for the Telehealth market.
  • Competitive dynamics insights and trends provided for the Telehealth market.

Get an in-depth understanding of consumer behavior through the market access segment and the overview of the healthcare system. The report also offers information on reimbursement policies and the regulatory landscape.

  • Country-specific overview of the healthcare system.
  • Country-specific reimbursement policies.
  • Country-specific medtech regulatory landscape.

Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, the report helps determine market trends through real-world data sources including government procedure databases, hospital purchasing databases, and proprietary online databases.

Companies covered: Philips Healthcare Informatics Inc, American Well Corp, Teladoc Health Inc, Siemens Healthineers AG, and others.

Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.

Scope

This market model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for:

  • CMO executives who must have a deep understanding of the telehealth marketplace to make strategic planning and investment decisions.
  • Sourcing and procurement executives who must understand crucial components of the supply base to make decisions about supplier selection and management.
  • Private equity investors who need a deeper understanding of the market to identify and value potential investment targets.

Reasons to Buy

  • Understand the impact of COVID-19 on the Telehealth market.
  • Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
  • Develop business strategies by understanding the trends shaping and driving the Telehealth market.
  • Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Telehealth market in the future.
  • Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company share of market leaders.
  • Identify emerging players with potentially strong product portfolios and create effective counterstrategies to gain a competitive advantage.
  • Track device sales in the global and country-specific Telehealth market from 2015-2033.
  • Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.

Philips Healthcare Informatics Inc
American Well Corp
Teladoc Health Inc
Siemens Healthineers AG
Others

Frequently asked questions

Telehealth Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033 standard reports
Currency USD
$7,500

Can be used by individual purchaser only

$22,500

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Telehealth Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Telehealth Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033 in real time.

  • Access a live Telehealth Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.