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Global Telehealth & Telemedicine Market to reach USD 477.81 billion by the end of 2030.

Global Telehealth & Telemedicine Market Size study & Forecast, by Component (Software & Services, Hardware), by Mode of Delivery (Cloud-based, On-premise), by Application (Teleconsultation, TeleICU, Telestroke, Teleradiology, Telepsychiatry, Teledermatology, Other Applications), by End Use (Providers, Patients, Others) and Regional Analysis, 2023-2030

Product Code: HLSHIT-60633066
Publish Date: 20-02-2024
Page: 200

Global Telehealth & Telemedicine Market is valued at approximately USD 85.48 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 24% during the forecast period 2023-2030. Telehealth & Telemedicine encompass a variety of health-related services and activities delivered remotely through telecommunication technologies. It includes clinical services and non-clinical activities such as education, administrative meetings, and training for healthcare professionals. The Telehealth & Telemedicine Market is expanding because of factors such as the increasing adoption of digital health and the growing geriatric population. As a result, the demand for Telehealth & Telemedicine has progressively increased in the international market during the forecast period 2023-2030.

Digital health technologies, such as mobile apps and online platforms, have expanded the reach of telehealth and telemedicine services. Patients can now access healthcare remotely, breaking down geographical barriers and providing services to individuals in rural or underserved areas. According to Statista, the revenue in the Digital Health Market is projected to reach up to USD 193.70 billion by the year end 2024. Furthermore, the Mobile Health Market was estimated to reach USD 190 billion by the year 2025. Another important factor that drives the Telehealth & Telemedicine Market is the increasing geriatric population. The elderly population often deals with chronic health conditions that require ongoing management. Telehealth facilitates remote monitoring of vital signs, medication adherence, and lifestyle factors, empowering healthcare providers to manage chronic diseases effectively. In addition, the World Health Organization indicates that the global population aged 60 and above is expected to double to around 2.1 billion by 2050. Moreover, those aged 80 and beyond are anticipated to triple between 2020 and 2050, reaching a staggering 426 million. Moreover, increasing demand for radiological due to heart-related problems and growing advanced diagnostic laboratories are anticipated to create lucrative growth opportunities for the market over the forecast period. However, variations in regulations and high costs associated with telehealth & telemedicine are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Telehealth & Telemedicine Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the significant investments in healthcare information technology, combined with widespread internet and smartphone usage, indicating a robust commitment to advancing digital healthcare infrastructure in the region. The region’s dominant performance is anticipated to propel the overall demand for Telehealth & Telemedicine. Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as the increasing geriatric population in the region. Telehealth and telemedicine bridge the accessibility gap for elderly individuals, especially those residing in remote or rural areas. Virtual consultations enable seniors to connect with healthcare professionals without the need for extensive travel, making healthcare more accessible.

Major market player included in this report are:
Medtronic plc
Allscripts Healthcare Solutions Inc
GE Healthcare
Siemens Healthineers AG
Cerner Corporation
BioTelemetry Inc
Koninklijke Philips N.V.
Teladoc Health, Inc.
Medvivo Group Ltd.
Boston Scientific Cardiac Diagnostics Inc

Recent Developments in the Market:
Ø In October 2022, the Medical University of South Carolina health system and Siemens Healthiness strengthened their strategic partnership, furthering their commitment to enhancing healthcare quality in South Carolina. MUSC has initiated the statewide integration of Siemens Healthineers’ syngo Virtual Cockpit remote scanning assistance software. This innovative software is crafted to support scan procedures for patients remotely, eliminating the necessity for extensive travel to receive healthcare services. MUSC Health proudly leads as the first institution in the state to adopt this cutting-edge technology.

Global Telehealth & Telemedicine Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Component, Mode of Delivery, Application, End Use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Component:
Software & Services

By Mode of Delivery:

By Application:
Other Applications

By End Use:

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Telehealth & Telemedicine Market, by Region, 2020-2030 (USD Billion)
1.2.2. Telehealth & Telemedicine Market, by Component, 2020-2030 (USD Billion)
1.2.3. Telehealth & Telemedicine Market, by Mode of Delivery, 2020-2030 (USD Billion)
1.2.4. Telehealth & Telemedicine Market, by Application, 2020-2030 (USD Billion)
1.2.5. Telehealth & Telemedicine Market, by End Use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Telehealth & Telemedicine Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Telehealth & Telemedicine Market Dynamics
3.1. Telehealth & Telemedicine Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing Adoption of Digital Health Growing geriatric population
3.1.2. Market Challenges Variations in Regulations High cost associated with Telehealth & Telemedicine
3.1.3. Market Opportunities Increasing demand for radiological due to heart-related problems Growing advanced diagnostic laboratories
Chapter 4. Global Telehealth & Telemedicine Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Telehealth & Telemedicine Market, by Component
5.1. Market Snapshot
5.2. Global Telehealth & Telemedicine Market by Component, Performance – Potential Analysis
5.3. Global Telehealth & Telemedicine Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
5.4. Telehealth & Telemedicine Market, Sub Segment Analysis
5.4.1. Software & Services
5.4.2. Hardware
Chapter 6. Global Telehealth & Telemedicine Market, by Mode of Delivery
6.1. Market Snapshot
6.2. Global Telehealth & Telemedicine Market by Mode of Delivery, Performance – Potential Analysis
6.3. Global Telehealth & Telemedicine Market Estimates & Forecasts by Mode of Delivery 2020-2030 (USD Billion)
6.4. Telehealth & Telemedicine Market, Sub Segment Analysis
6.4.1. Cloud-based
6.4.2. On-premise
Chapter 7. Global Telehealth & Telemedicine Market, by Application
7.1. Market Snapshot
7.2. Global Telehealth & Telemedicine Market by Application, Performance – Potential Analysis
7.3. Global Telehealth & Telemedicine Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Telehealth & Telemedicine Market, Sub Segment Analysis
7.4.1. Teleconsultation
7.4.2. TeleICU
7.4.3. Telestroke
7.4.4. Teleradiology
7.4.5. Telepsychiatry
7.4.6. Teledermatology
7.4.7. Other Applications
Chapter 8. Global Telehealth & Telemedicine Market, by End Use
8.1. Market Snapshot
8.2. Global Telehealth & Telemedicine Market by End Use, Performance – Potential Analysis
8.3. Global Telehealth & Telemedicine Market Estimates & Forecasts by End Use 2020-2030 (USD Billion)
8.4. Telehealth & Telemedicine Market, Sub Segment Analysis
8.4.1. Providers
8.4.2. Patients
8.4.3. Others
Chapter 9. Global Telehealth & Telemedicine Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Telehealth & Telemedicine Market, Regional Market Snapshot
9.4. North America Telehealth & Telemedicine Market
9.4.1. U.S. Telehealth & Telemedicine Market Component breakdown estimates & forecasts, 2020-2030 Mode of Delivery breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End Use breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Telehealth & Telemedicine Market
9.5. Europe Telehealth & Telemedicine Market Snapshot
9.5.1. U.K. Telehealth & Telemedicine Market
9.5.2. Germany Telehealth & Telemedicine Market
9.5.3. France Telehealth & Telemedicine Market
9.5.4. Spain Telehealth & Telemedicine Market
9.5.5. Italy Telehealth & Telemedicine Market
9.5.6. Rest of Europe Telehealth & Telemedicine Market
9.6. Asia-Pacific Telehealth & Telemedicine Market Snapshot
9.6.1. China Telehealth & Telemedicine Market
9.6.2. India Telehealth & Telemedicine Market
9.6.3. Japan Telehealth & Telemedicine Market
9.6.4. Australia Telehealth & Telemedicine Market
9.6.5. South Korea Telehealth & Telemedicine Market
9.6.6. Rest of Asia Pacific Telehealth & Telemedicine Market
9.7. Latin America Telehealth & Telemedicine Market Snapshot
9.7.1. Brazil Telehealth & Telemedicine Market
9.7.2. Mexico Telehealth & Telemedicine Market
9.8. Middle East & Africa Telehealth & Telemedicine Market
9.8.1. Saudi Arabia Telehealth & Telemedicine Market
9.8.2. South Africa Telehealth & Telemedicine Market
9.8.3. Rest of Middle East & Africa Telehealth & Telemedicine Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. Medtronic plc Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. Allscripts Healthcare Solutions Inc
10.3.3. GE Healthcare
10.3.4. Siemens Healthineers AG
10.3.5. Cerner Corporation
10.3.6. BioTelemetry Inc
10.3.7. Koninklijke Philips N.V.
10.3.8. Teladoc Health, Inc.
10.3.9. Medvivo Group Ltd.
10.3.10. Boston Scientific Cardiac Diagnostics Inc
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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