Learn about the global telehealth market through The Business Research Company, which provides information on telehealth market size, telehealth market drivers and restraints, telehealth market players, the COVID-19 impact on the telehealth market, and more.

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The global telehealth market is expected to decline from $83.08 billion in 2020 to $80.53 billion in 2021 at a compound annual growth rate (CAGR) of -3.06%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $218.5 billion in 2025 at a CAGR of 28.34%.

The outbreak of COVID-19 is expected to drive innovation in telehealth manufacturing, thus driving the market during the forecast period.

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The telehealth market consists of sales of telehealth services by entities (organizations, sole traders and partnerships) that are engaged in providing telehealth services for the smooth functioning of healthcare services. Telehealth is the use of electronic data and telecommunications technology to promote long-distance medical healthcare services, patient and professional health education, public health, and health management. Technologies comprise streaming media, teleconferencing, web, store-and-forward imaging, terrestrial and wireless communications.

Global telehealth market segments include:

By Component: Software, Services, Hardware

By Mode Of Delivery: Cloud-based, On-Premise

By Application: Teleradiology, Teleconsultation, TeleICU, Telestroke, Telepsychiatry, Teledermatology, Other Applications

By End-User: Healthcare Providers, Patients, Payers, Others

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the telehealth market in 2020.

Major companies operating in the telehealth sector are focusing on developing advanced solutions for telehealth that help remote monitoring easily.

TBRC’s telehealth market report covers:

Major Market Players: Teladoc Health Inc, American Well, MDLive, Doctor on Demand, GlobalMed, Siemens Healthineers, Cisco Systems, Inc, Medtronic, Dictum Health, Inc, Koninklijke Philips N.V., GE Healthcare, AMC Health, Medvivo Group Ltd, Iron Bow Technologies, Telespecialists Llc, MedWeb, IMediplus Inc., Vsee, Chiron Health, Zipnosis, Allscripts Healthcare Solutions, Honeywell International Inc., Right Health, Boston Scientific Corporation, Care Innovations LLC, InTouch Technologies, Inc., Encounter Telehealth, HelloMD, SnapMD, Inc., and OpenTeleHealth.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Telehealth Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides telehealth market overviews, analyzes and forecasts market size, share, telehealth market players, telehealth market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s telehealth market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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