The latest update of “Global Telehealth Market” released by Stratagem Market Insights, forecasts further growth in the global supply and demand. The market report builds upon our previous iteration and the new release reinforces the sentiment that the 2021-2028 period is expected to be a promising period for the global Telehealth Market.
Overview of the Telehealth Market:
Telehealth is the sharing of medical information and health-related services through telecommunication technology and medical information. Telemedicine is a generic term that describes a range of medical services which are delivered via telephone. Telehealth allows the long-distance patient and medical practitioner contact, advice, education, reminders, medical monitoring, education, guidance, intervention, diagnostics, treatment, and remote visits. This technology can also allow for the exchange of patient information between different healthcare entities. The term 'telemedicine is increasingly being used to refer to all patient care and treatment provided in the virtual world, rather than only hospital care. Since the Internet became widespread across all sectors of our society, telemedicine is rapidly expanding its role in the health care industry.
Market Dynamics:
Emergence of Covid-19 is expected to propel the growth of the telehealth market over the forecast period. For instance, globally, as of 5:10 pm CEST, 23 September 2021, there have been 229,858,719 confirmed cases of COVID-19, including 4,713,543 deaths, reported to WHO. Moreover, increasing funding in telehealth is also expected to aid in the growth of the market. For instance, in September 2021, eVisit, a provider of telehealth platform that includes scheduling, intake, a waiting room, discharge, and analytics, raised US$ 45 million in a Series B funding round to boost the platform’s technology and capabilities, and to make new hires.
Integration of various digital services is expected to offer lucrative growth opportunities for players in the telehealth market. For instance, in September 2021, GenieMD, a provider of virtual care solutions, collaborated with Vytal, a healthcare technology company, to integrate Vytal’s prescription management platform, VytalOS, with GenieMD's virtual care platform, iVisit, to provide telehealth services on prescription management and delivery platform.
Key Takeaways:
- Emergence of Covid-19 is expected to propel the growth of the telehealth market over the forecast period. For instance, according to a new report in September 2021 from the American Medical Association, telehealth use, although much higher than before the COVID-19 pandemic, accounted for less than 20% of weekly outpatient visits 6 months into the pandemic.
- Major players operating in the telehealth market are focused on launching new services to expand their product portfolio. For instance, in September 2021, iXensor, a Taipei-based mobile health platform, launched a new telehealth service to support fertility monitoring at home.
- Major players operating in the telehealth market include Koninklijke Philips N.V., Medtronic Plc, 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, and Zipnosis
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
COVID-19 Impact:
The updated report, free extract available, comes with an option to access premium features that covers extensive past, current, and future data. Other valuable updates to the global Telehealth Market report include a reviewed and refined pricing model for manufacturing and launch prices. The report incorporates new content to help give decision-makers key knowledge about the market and offers up-to-date forecasts accounting for the economic situation and impact of COVID-19.
Market Competition Assessment:
The Telehealth Market is observed as the most diversified and competitive market comprising a large number of players. The market is dominated by several players, depending on their major competencies. The key players in this market are
- Koninklijke Philips N.V. (Netherlands)
- Medtronic (Ireland),GE Healthcare (US). Other prominent players in this market include Cerner Corporation (US)
- Siemens Healthineers (Germany)
- Cisco Systems Inc. (US)
- Teladoc Health Inc. (US)
- American Well (US)
- AMC Health (US)
- MDLive (US)
- Doctor on Demand (US)
- Medvivo Group Ltd (UK)
- Asahi Kasie Corporation (Japan)
- Iron Bow Technologies (US)
- Telespecialists Llc (US)
- GlobalMed (US)
- MedWeb (US)
- IMediplus Inc. (China)
- Vsee (US)
- Chiron Health (US)
- Zipnosis (US
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Telehealth Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Software & Services
- RPM
- Real-Tim
By Applications, the market is segmented into:
- Providers
- Payers
- Patients
- Others
The report covers the following Regions:
- North America
- Latin America
- Europe
- Asia Pacific
- Africa
- Middle East
Primary Research Insights:
The process of primary research starts with the verification and validation of every detail obtained in secondary research. This is done with the help of industry experts and in-house analysts who check the authentication of the data. Stratagem Market Insights also ensures that our research is not restricted by certain boundaries, which is why we consult each individual in the value chain including raw materials suppliers, local vendors, wholesale dealers, distributors, etc. We also make sure that every detail provided in the document will hold a certain value and it will not be trivial information. Moreover, current market trends, growth opportunities, drivers, and restraints are computed in primary research only.
The Report Sheds Light on Various Aspects of the Market, Some of the important ones are:
- What can be the best investment choices for venturing into new product and service lines?
- Which regions might see the demand maturing in certain segments in near future?
- Which government regulations might challenge the status of key regional markets?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into a specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered: Ranking by Telehealth Market Revenue
1.4 Market Analysis by Type
1.5 Market by Application
1.5.1 Global Telehealth Market Share by Application: 2021 VS 2027
1.6 Coronavirus Disease 2019 (Covid-19) Impact: Telehealth Market
1.6.1 How the Covid-19 is Affecting the Telehealth Market
1.6.1.1 Telehealth Market Business Impact Assessment - Covid-19
1.6.2 Market Trends and Telehealth Market Potential Opportunities in the COVID-19 Landscape
1.6.3 Measures / Proposal against Covid-19
1.6.3.1 Government Measures to Combat Covid-19 Impact
1.7 Study Objectives
1.8 Years Considered
2 Global Growth Trends by Regions
2.1 Telehealth Market Perspective (2015-2027)
2.2 Telehealth Market Growth Trends by Regions
2.2.1 Telehealth Market Size by Regions: 2015 VS 2021 VS 2027
2.2.2 Telehealth Market Historic Market Share by Regions (2015-2021)
2.2.3 Telehealth Market Forecasted Market Size by Regions (2021-2027)
2.3 Industry Trends and Growth Strategy
2.3.1 Market Top Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Porters Five Forces Analysis
2.3.5 Telehealth Market Growth Strategy
2.3.6 Primary Interviews with Key Telehealth Market Players (Opinion Leaders)
3 Competition Landscape by Key Players
3.1 Global Top Telehealth Market Players by Market Size
3.1.1 Global Top Telehealth Market Players by Revenue (2015-2021)
3.1.2 Global Telehealth Market Revenue Market Share by Players (2015-2021)
3.1.3 Global Telehealth Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.2 Global Telehealth Market Concentration Ratio
3.2.1 Global Telehealth Market Concentration Ratio (CR5 and HHI)
3.2.2 Global Top 10 and Top 5 Companies by Telehealth Market Revenue in 2019
3.3 Telehealth Market Key Players Head office and Area Served
3.4 Key Players Telehealth Market Product Solution and Service
3.5 Date of entering into Telehealth Market
3.6 Mergers & Acquisitions, Expansion Plans
4 Breakdown Data by Type (2015-2027)
4.1 Global Telehealth Market Historic Market Size by Type (2015-2021)
4.2 Global Telehealth Market Forecasted Market Size by Type (2021-2027)
5 Telehealth Market Breakdown Data by Application (2015-2027)
5.1 Global Telehealth Market Size by Application (2015-2021)
5.2 Global Telehealth Market Forecasted Market Size by Application (2021-2027)
6 North America
6.1 North America Telehealth Market Size (2015-2021)
6.2 Telehealth Market Key Players in North America (2019-2021)
6.3 North America Telehealth Market Size by Type (2015-2021)
6.4 North America Telehealth Market Size by Application (2015-2021)
7 Europe
7.1 Europe Telehealth Market Size (2015-2021)
7.2 Telehealth Market Key Players in Europe (2019-2021)
7.3 Europe Telehealth Market Size by Type (2015-2021)
7.4 Europe Telehealth Market Size by Application (2015-2021)
8 China
8.1 China Telehealth Market Size (2015-2021)
8.2 Telehealth Market Key Players in China (2019-2021)
8.3 China Telehealth Market Size by Type (2015-2021)
8.4 China Telehealth Market Size by Application (2015-2021)
9 Japan
9.1 Japan Telehealth Market Size (2015-2021)
9.2 Telehealth Market Key Players in Japan (2019-2021)
9.3 Japan Telehealth Market Size by Type (2015-2021)
9.4 Japan Telehealth Market Size by Application (2015-2021)
10 Southeast Asia
10.1 Southeast Asia Telehealth Market Size (2015-2021)
10.2 Telehealth Market Key Players in Southeast Asia (2019-2021)
10.3 Southeast Asia Telehealth Market Size by Type (2015-2021)
10.4 Southeast Asia Telehealth Market Size by Application (2015-2021)
11 India
11.1 India Telehealth Market Size (2015-2021)
11.2 Telehealth Market Key Players in India (2019-2021)
11.3 India Telehealth Market Size by Type (2015-2021)
11.4 India Telehealth Market Size by Application (2015-2021)
12 Central & South America
12.1 Central & South America Telehealth Market Size (2015-2021)
12.2 Telehealth Market Key Players in Central & South America (2019-2021)
12.3 Central & South America Telehealth Market Size by Type (2015-2021)
12.4 Central & South America Telehealth Market Size by Application (2015-2021)
13 Key Players Profiles
13.1 Company Details
13.2 Business Overview and Its Total Revenue
13.3 Telehealth Market Introduction
13.4 Telehealth Market Business (2015-2021)
13.5 Recent Development
14 Analyst's Viewpoints/Conclusions
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Disclaimer
15.3 Author Details
List of Table
Table 1. Telehealth Market Key Market Segments
Table 2. Key Players Covered: Ranking by Telehealth Market Revenue
Table 3. Ranking of Global Top Telehealth Market Manufacturers by Revenue (US$ Million) in 2019
Table 4. Global Telehealth Market Size Growth Rate by Type (US$ Million): 2021 VS 2027
Table 5. COVID-19 Impact Global Market
Table 6. Opportunities and Trends for Telehealth Market Players in the COVID-19 Landscape
Table 7. Present Opportunities in China & Elsewhere Due to the Coronavirus Crisis
Table 8. Key Regions/Countries Measures against Covid-19 Impact
Table 9. Proposal for Telehealth Market Players to Combat Covid-19 Impact
Table 10. Global Telehealth Market Size Growth by Application (US$ Million): 2021 VS 2027
Table 11. Global Telehealth Market Size by Regions (US$ Million): 2021 VS 2027
Table 12. Global Telehealth Market Size by Regions (2015-2021) (US$ Million)
Table 13. Global Telehealth Market Share by Regions (2015-2021)
Table 14. Global Telehealth Market Forecasted Market Size by Regions (2021-2027) (US$ Million)
Table 15. Global Telehealth Market Share by Regions (2021-2027)
Table 16. Market Top Trends
Table 17. Key Drivers: Impact Analysis
Table 18. Key Challenges
Table 19. Telehealth Market Growth Strategy
Table 20. Main Points Interviewed from Key Telehealth Market Players
Table 21. Global Telehealth Market Revenue by Players (2015-2021) (Million US$)
Table 22. Global Telehealth Market Share by Players (2015-2021)
Table 23. Global Top Telehealth Market Players by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Telehealth Market as of 2019)
Table 24. Global Telehealth Market by Players Market Concentration Ratio (CR5 and HHI)
Table 25. Key Players Headquarters and Area Served
Table 26. Key Players Telehealth Market Product Solution and Service
Table 27. Date of entering into Telehealth Market
Table 28. Mergers & Acquisitions, Expansion Plans
Table 29. Global Telehealth Market Size by Type (2015-2021) (Million US$)
Table 30. Global Telehealth Market Size Share by Type (2015-2021)
Table 31. Global Telehealth Market Revenue Market Share by Type (2021-2027)
Table 31. Global Telehealth Market Size Share by Application (2015-2021)
Table 33. Global Telehealth Market Size by Application (2015-2021) (Million US$)
Table 34. Global Telehealth Market Size Share by Application (2021-2027)
Table 35. North America Key Players Telehealth Market Revenue (2019-2021) (Million US$)
Table 36. North America Key Players Telehealth Market Share (2019-2021)
Table 37. North America Telehealth Market Size by Type (2015-2021) (Million US$)
Table 38. North America Telehealth Market Share by Type (2015-2021)
Table 39. North America Telehealth Market Size by Application (2015-2021) (Million US$)
Table 40. North America Telehealth Market Share by Application (2015-2021)
Table 41. Europe Key Players Telehealth Market Revenue (2019-2021) (Million US$)
Table 42. Europe Key Players Telehealth Market Share (2019-2021)
Table 43. Europe Telehealth Market Size by Type (2015-2021) (Million US$)
Table 44. Europe Telehealth Market Share by Type (2015-2021)
Table 45. Europe Telehealth Market Size by Application (2015-2021) (Million US$)
Table 46. Europe Telehealth Market Share by Application (2015-2021)
Table 47. China Key Players Telehealth Market Revenue (2019-2021) (Million US$)
Table 48. China Key Players Telehealth Market Share (2019-2021)
Table 49. China Telehealth Market Size by Type (2015-2021) (Million US$)
Table 50. China Telehealth Market Share by Type (2015-2021)
Table 51. China Telehealth Market Size by Application (2015-2021) (Million US$)
Table 52. China Telehealth Market Share by Application (2015-2021)
Table 53. Japan Key Players Telehealth Market Revenue (2019-2021) (Million US$)
Table 54. Japan Key Players Telehealth Market Share (2019-2021)
Table 55. Japan Telehealth Market Size by Type (2015-2021) (Million US$)
Table 56. Japan Telehealth Market Share by Type (2015-2021)
Table 57. Japan Telehealth Market Size by Application (2015-2021) (Million US$)
Table 58. Japan Telehealth Market Share by Application (2015-2021)
Table 59. Southeast Asia Key Players Telehealth Market Revenue (2019-2021) (Million US$)
Table 60. Southeast Asia Key Players Telehealth Market Share (2019-2021)
Table 61. Southeast Asia Telehealth Market Size by Type (2015-2021) (Million US$)
Table 62. Southeast Asia Telehealth Market Share by Type (2015-2021)
Table 63. Southeast Asia Telehealth Market Size by Application (2015-2021) (Million US$)
Table 64. Southeast Asia Telehealth Market Share by Application (2015-2021)
Table 65. India Key Players Telehealth Market Revenue (2019-2021) (Million US$)
Table 66. India Key Players Telehealth Market Share (2019-2021)
Table 67. India Telehealth Market Size by Type (2015-2021) (Million US$)
Table 68. India Telehealth Market Share by Type (2015-2021)
Table 69. India Telehealth Market Size by Application (2015-2021) (Million US$)
Table 70. India Telehealth Market Share by Application (2015-2021)
Table 71. Central & South America Key Players Telehealth Market Revenue (2019-2021) (Million US$)
Table 72. Central & South America Key Players Telehealth Market Share (2019-2021)
Table 73. Central & South America Telehealth Market Size by Type (2015-2021) (Million US$)
Table 74. Central & South America Telehealth Market Share by Type (2015-2021)
Table 75. Central & South America Telehealth Market Size by Application (2015-2021) (Million US$)
Table 76. Central & South America Telehealth Market Share by Application (2015-2021)
Table 77. Company Details
Table 78. Business Overview
Table 79. Product details
Table 80. Revenue in Telehealth Market Business (2015-2021) (Million US$)
Table 81. Recent Development
List of Figures
Figure 1. Global Telehealth Market Share by Type: 2021 VS 2027
Figure 2. Global Telehealth Market Share by Application: 2021 VS 2027
Figure 3. Emergency Care Case Studies
Figure 4. Outpatient Facilities Case Studies
Figure 5. Hospitals Case Studies
Figure 6. Home Healthcare Facilities Case Studies
Figure 7. Telehealth Market Report Years Considered
Figure 8. Global Telehealth Market Size YoY Growth 2015-2027 (US$ Million)
Figure 9. Global Telehealth Market Share by Regions: 2021 VS 2027
Figure 10. Global Telehealth Market Share by Regions (2021-2027)
Figure 11. Porter's Five Forces Analysis
Figure 12. Global Telehealth Market Share by Players in 2019
Figure 13. Global Top Telehealth Market Players by Company Type (Tier 1, Tier 2, and Tier 3) (based on the Revenue in Telehealth Market as of 2019
Figure 14. The Top 10 and 5 Players Market Share by Telehealth Market Revenue in 2019
Figure 15. North America Telehealth Market Size YoY Growth (2015-2021) (Million US$)
Figure 16. Europe Telehealth Market Size YoY Growth (2015-2021) (Million US$)
Figure 17. China Telehealth Market Size YoY Growth (2015-2021) (Million US$)
Figure 18. Japan Telehealth Market Size YoY Growth (2015-2021) (Million US$)
Figure 19. Southeast Asia Telehealth Market Size YoY Growth (2015-2021) (Million US$)
Figure 20. India Telehealth Market Size YoY Growth (2015-2021) (Million US$)
Figure 21. Central & South America Telehealth Market Size YoY Growth (2015-2021) (Million US$)
Figure 22. Bottom-up and Top-down Approaches for This Report
Figure 23. Data Triangulation
Figure 24. Key Executives Interviewed
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