Telehealth Market Size, Trends & Growth Opportunity By Type (Product, and Services), By Application (Cardiology, Radiology, Urgent Care, Remote ICU, Psychiatry, and Dermatology), By End User (Healthcare Facilities, Homecare, and Others), By Region and Forecast till 2027
Report ID : QR10019 | Industries : Healthcare | Published On :October 2021 | Page Count : 247Telehealth Market Report
Technological form of delivering healthcare services over a range of communicative technologies such as mobile devices and computers from a remote location is a Telehealth. The growing incidence of chronic ailments and the dearth of physicians are some of the main factors that can boost the telehealth market share.
Market Drivers
The on-going technological development in the healthcare sector can propel the demand for telehealth services in the forecast period. An increased adoption rate of telehealth technology in the field of radiology, cardiology, and behavioral health among others can be the driving factors behind the vital growth of the telehealth market. Furthermore, a growing trend of online consultation services will further boost the growth of the global telehealth market towards a positive outlook.
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Market Restraints
The absence of regulatory scenario and the dearth of favorable supportive policies in developing countries are the reasons to hamper the telehealth growth throughout the review timeframe. All these (Telemedicine facilitates many remote health services, including chronic patient monitoring, therapy appointments, and post-operative care) services run on software and hardware which can sometimes be costly–requiring training to use, additional IT staff to hire, and the acquisition of servers or other ancillary equipment besides the software.
Market Segmentation
Telehealth Markets is segmented By Component (Software and Services, Hardware), By Application (Telemedicine, Patient monitoring, Continuous medical education, Others), By Modality (Real-time (synchronous), Store-and-forward (asynchronous), Remote patient monitoring), By End User (Healthcare facilities, home care, Others), By Region (North America, Asia Pacific, Europe, Latin America, The Middle East and Africa).
Regional Analysis
The European market for telehealth is anticipated to be the second-largest market. The growing shift towards more efficient and continuous healthcare monitoring is a significant factor that can boost the market during the review tenure.
APAC is expected to be the fastest-growing market during the review tenure owing to the rising demand for healthcare services due to the expansion of geriatric population.
Market Key Players
Koninklijke Philips N.V., Medtronic, GE Healthcare, Cerner Corporation, Siemens Healthineers, Cisco Systems, Inc., Teladoc Health Inc., American Well, AMC Health, MDLive, Doctor on Demand, Medvivo Group Ltd, Asahi Kasie Corporation, Iron Bow Technologies, Telespecialists Llc, GlobalMed, MedWeb, IMediplus Inc., Vsee, Chiron Health, Zipnosis.
Industry development
The Centers for Medicare & Medicaid Services (CMS) added more than 60 telehealth services that will be reimbursable during the COVID-19 era. CMS released the annual Physician Fee Schedule final rule, which aimed the usage of telehealth services even after the pandemic is completely curbed.
In March 2020 VivaBem, A Brazil-based telehealth start up, collaborated with Sweden based dokter.se and raised USD 2.5 million to expand its services in Brazil.
In October 2020, Teladoc launched a new telemedicine service for mental healthcare. The service will enable patient to count on convenient, stigma-free access to high-quality psychiatrists, psychologists and therapists from the convenience of their phone, web or mobile app. This strategy is expected to add value to its existing business portfolio and enhance their service offering.
Telehealth Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Telehealth Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Telehealth Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Telehealth Market Share Analysis, By Component
5.3 Telehealth Market Size and Forecast, By Product Component
5.3.1. Software & services
5.3.2. Hardware
6 Telehealth Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Telehealth Market Share Analysis, By Application
6.3 Telehealth Market Size and Forecast, By Application
6.3.1 Telemedicine
6.3.2 Patient monitoring
6.3.3 Continuous medical education
6.3.4 others
7 Telehealth Market, By Modality
7.1 Y-o-Y Growth Comparison, By Modality
7.2 Telehealth Market Share Analysis, By Modality
7.3 Telehealth Market Size and Forecast, By Modality
7.3.1 Real-time (synchronous)
7.3.2 Store-and-forward (asynchronous)
7.3.3 Remote patient monitoring
8 Telehealth Market, By End User
8.1 Y-o-Y Growth Comparison, By End User
8.2 Telehealth Market Share Analysis, By End User
8.3 Telehealth Market Size and Forecast, By End User
8.3.1. Healthcare facilities
8.3.2 Home care
8.3.3 Others
9 Telehealth Market, By Region
9.1 Telehealth Market Share Analysis, By Region
9.2 Telehealth Market Share Analysis, By Region
9.3 Telehealth Market Size and Forecast, By Region
10 North America Telehealth Market Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 North America Telehealth Market Share Analysis, By Component
10.3 North America Telehealth Market Size and Forecast, By Application
10.4 North America Telehealth Market Size and Forecast, By Modality
10.5 North America Telehealth Market Size and Forecast, By End User
10.6 North America Telehealth Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Telehealth Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Europe Telehealth Market Share Analysis, By Component
11.3 Europe Telehealth Market Size and Forecast, By Application
11.4 Europe Telehealth Market Size and Forecast, By Modality
11.5 Europe Telehealth Market Size and Forecast, By End User
11.6 Europe Telehealth Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Telehealth Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Asia Pacific Telehealth Market Share Analysis, By Component
12.3 Asia Pacific Telehealth Market Size and Forecast, By Application
12.4 Asia Pacific Telehealth Market Size and Forecast, By Modality
12.5 Asia Pacific Telehealth Market Size and Forecast, By End User
12.6 Asia Pacific Telehealth Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13 Latin America Telehealth Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Latin America Telehealth Market Share Analysis, By Component
13.3 Latin America Telehealth Market Size and Forecast, By Application
13.4 Latin America Telehealth Market Size and Forecast, By Modality
13.5 Latin America Telehealth Market Size and Forecast, By End User
13.6 Latin America Telehealth Market Size and Forecast, Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Telehealth Market Analysis and Forecast (2021-2027)
14.1 Introduction
14.2 Middle East Telehealth Market Share Analysis, By Component
14.3 Middle East Telehealth Market Size and Forecast, By Application
14.4 Middle East Telehealth Market Size and Forecast, By Modality
14.5 Middle East Telehealth Market Size and Forecast, By End User
14.6 Middle East Telehealth Market Size and Forecast, By Country
14.6.1. Saudi Arabia
14.6.2. UAE
14.6.3. Egypt
14.6.4. Kuwait
14.6.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Koninklijke Philips N.V.
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 Medtronic
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3. GE Healthcare
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Cerner Corporation
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Siemens Healthineers
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Cisco Systems, Inc
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Teladoc Health Inc
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8 American Well
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies
16.9 AMC Health
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies
16.10 MDLive
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.10.6 Key Strategies
16.11 Doctor on Demand
16.11.1 Overview
16.11.2 Offerings
16.11.3 Key Financials
16.11.4 Business Segment & Geographic Overview
16.11.5 Key Market Developments
16.11.6 Key Strategies
16.12 Medvivo Group Ltd
16.12.1 Overview
16.12.2 Offerings
16.12.3 Key Financials
16.12.4 Business Segment & Geographic Overview
16.12.5 Key Market Developments
16.12.6 Key Strategies
16.13 Asahi Kasie Corporation
16.13.1 Overview
16.13.2 Offerings
16.13.3 Key Financials
16.13.4 Business Segment & Geographic Overview
16.13.5 Key Market Developments
16.13.6 Key Strategies
16.14 Iron Bow Technologies
16.14.1 Overview
16.14.2 Offerings
16.14.3 Key Financials
16.14.4 Business Segment & Geographic Overview
16.14.5 Key Market Developments
16.14.6 Key Strategies
16.15 Telespecialists Llc
16.15.1 Overview
16.15.2 Offerings
16.15.3 Key Financials
16.15.4 Business Segment & Geographic Overview
16.15.5 Key Market Developments
16.15.6 Key Strategies
16.16 GlobalMed
16.16.1 Overview
16.16.2 Offerings
16.16.3 Key Financials
16.16.4 Business Segment & Geographic Overview
16.16.5 Key Market Developments
16.16.6 Key Strategies
16.17 MedWeb
16.17.1 Overview
16.17.2 Offerings
16.17.3 Key Financials
16.17.4 Business Segment & Geographic Overview
16.17.5 Key Market Developments
16.17.6 Key Strategies
16.18 IMediplus Inc.
16.18.1 Overview
16.18.2 Offerings
16.18.3 Key Financials
16.18.4 Business Segment & Geographic Overview
16.18.5 Key Market Developments
16.18.6 Key Strategies
16.19 Vsee
16.19.1 Overview
16.19.2 Offerings
16.19.3 Key Financials
16.19.4 Business Segment & Geographic Overview
16.19.5 Key Market Developments
16.19.6 Key Strategies
16.20 Chiron Health
16.20.1 Overview
16.20.2 Offerings
16.20.3 Key Financials
16.20.4 Business Segment & Geographic Overview
16.20.5 Key Market Developments
16.20.6 Key Strategies
16.21 Zipnosis
16.21.1 Overview
16.21.2 Offerings
16.21.3 Key Financials
16.21.4 Business Segment & Geographic Overview
16.21.5 Key Market Developments
16.21.6 Key Strategies