Telehealth Market

Executive Summary

Telehealth Market was valued at US $85.38 billion in 2021 and is projected to grow at 36.83% CAGR over the forecast period to reach US $560.29 billion by 2027. Telehealth Market represented US $39.78 billion opportunity over 2019-2021 and estimated to create US $474.91 billion opportunity in 2027 over 2021.

Telehealth from Consainsights analyses the Telehealth Market in the Life Sciences industry over the forecast period to 2027.

Telehealth research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Telehealth segmentation includes Component, Application, Mode of Delivery, End User, Region and Geography.

Based on the Component, the Telehealth analysis covers Software & Services, Hardware.

In Component segment, Software & Services segment has highest cagr growth of 32.14%.

Based on the Application, the Telehealth analysis covers Teleradiology, Telepsychiatry, Telestroke, Teleicu, Teledermatology, Teleconsultation, Other Applications.

In Application segment, Teleradiology segment has highest cagr growth of 32.14%.

Based on the Mode of Delivery, the Telehealth analysis covers Cloud-Based Mode of Delivery, On-Premise Mode of Delivery.

In Mode of Delivery segment, Cloud-Based Mode of Delivery segment has highest cagr growth of 32.14%.

Based on the End User, the Telehealth analysis covers Providers, Payers, Patients.

In End User segment, Providers segment has highest cagr growth of 32.14%.

Based on the Region, the Telehealth analysis covers North America, Europe, Asia Pacific, Rest of the World.

In Region segment, North America segment has highest cagr growth of 32.14%.

Based on the region, the Telehealth analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include Koninklijke Philips, Medtronic, Ge Healthcare, Cerner Corporation, Siemens Healthineers Ag, Cisco Systems, Asahi Kasei Corporation, Iron Bow Technologies, American Well, Teladoc Health, Medvivo Group, Amc Health, Telespecialists, Doctor On Demand, MDLIVE, Globalmed, Medweb, Vsee, Imediplus, Chiron Health, Zipnosis and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Component

Introduction

In 2021, Software & Services segment has the highest revenue of US $68.54 billion and is expected to grow at CAGR of 32.14% by 2027 Software & Services segment has highest cagr growth of 32.14%.

Software & Services

Software & Services segment was valued at US $36.61 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $449.77 billion by 2027. Software & Services segment represented US $31.93 billion opportunity over 2019-2021 and estimated to create US $381.23 billion opportunity in 2027 over 2021.

Hardware

Hardware segment was valued at US $9.00 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $110.52 billion by 2027. Hardware segment represented US $7.85 billion opportunity over 2019-2021 and estimated to create US $93.67 billion opportunity in 2027 over 2021.

Application

Introduction

In 2021, Teleradiology segment has the highest revenue of US $34.24 billion and is expected to grow at CAGR of 32.14% by 2027 Teleradiology segment has highest cagr growth of 32.14%.

Teleradiology

Teleradiology segment was valued at US $18.29 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $224.67 billion by 2027. Teleradiology segment represented US $15.95 billion opportunity over 2019-2021 and estimated to create US $190.44 billion opportunity in 2027 over 2021.

Telepsychiatry

Telepsychiatry segment was valued at US $10.61 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $130.41 billion by 2027. Telepsychiatry segment represented US $9.26 billion opportunity over 2019-2021 and estimated to create US $110.53 billion opportunity in 2027 over 2021.

Telestroke

Telestroke segment was valued at US $7.15 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $87.89 billion by 2027. Telestroke segment represented US $6.24 billion opportunity over 2019-2021 and estimated to create US $74.50 billion opportunity in 2027 over 2021.

Teleicu

Teleicu segment was valued at US $4.73 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $58.12 billion by 2027. Teleicu segment represented US $4.13 billion opportunity over 2019-2021 and estimated to create US $49.27 billion opportunity in 2027 over 2021.

Teledermatology

Teledermatology segment was valued at US $2.69 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $33.02 billion by 2027. Teledermatology segment represented US $2.34 billion opportunity over 2019-2021 and estimated to create US $27.99 billion opportunity in 2027 over 2021.

Teleconsultation

Teleconsultation segment was valued at US $1.27 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $15.66 billion by 2027. Teleconsultation segment represented US $1.11 billion opportunity over 2019-2021 and estimated to create US $13.27 billion opportunity in 2027 over 2021.

Other Applications

Other Applications segment was valued at US $0.86 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $10.52 billion by 2027. Other Applications segment represented US $0.75 billion opportunity over 2019-2021 and estimated to create US $8.92 billion opportunity in 2027 over 2021.

Mode of Delivery

Introduction

In 2021, Cloud-Based Mode of Delivery segment has the highest revenue of US $60.11 billion and is expected to grow at CAGR of 32.14% by 2027 Cloud-Based Mode of Delivery segment has highest cagr growth of 32.14%.

Cloud-Based Mode of Delivery

Cloud-Based Mode of Delivery segment was valued at US $32.11 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $394.47 billion by 2027. Cloud-Based Mode of Delivery segment represented US $28.00 billion opportunity over 2019-2021 and estimated to create US $334.36 billion opportunity in 2027 over 2021.

On-Premise Mode of Delivery

On-Premise Mode of Delivery segment was valued at US $13.50 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $165.82 billion by 2027. On-Premise Mode of Delivery segment represented US $11.77 billion opportunity over 2019-2021 and estimated to create US $140.55 billion opportunity in 2027 over 2021.

End User

Introduction

In 2021, Providers segment has the highest revenue of US $35.88 billion and is expected to grow at CAGR of 32.14% by 2027 Providers segment has highest cagr growth of 32.14%.

Providers

Providers segment was valued at US $19.16 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $235.42 billion by 2027. Providers segment represented US $16.71 billion opportunity over 2019-2021 and estimated to create US $199.55 billion opportunity in 2027 over 2021.

Payers

Payers segment was valued at US $17.14 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $210.54 billion by 2027. Payers segment represented US $14.95 billion opportunity over 2019-2021 and estimated to create US $178.46 billion opportunity in 2027 over 2021.

Patients

Patients segment was valued at US $9.31 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $114.32 billion by 2027. Patients segment represented US $8.12 billion opportunity over 2019-2021 and estimated to create US $96.90 billion opportunity in 2027 over 2021.

Region

Introduction

In 2021, North America segment has the highest revenue of US $35.69 billion and is expected to grow at CAGR of 32.14% by 2027 North America segment has highest cagr growth of 32.14%.

North America

North America segment was valued at US $19.06 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $234.22 billion by 2027. North America segment represented US $16.63 billion opportunity over 2019-2021 and estimated to create US $198.53 billion opportunity in 2027 over 2021.

Europe

Europe segment was valued at US $11.42 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $140.30 billion by 2027. Europe segment represented US $9.96 billion opportunity over 2019-2021 and estimated to create US $118.92 billion opportunity in 2027 over 2021.

Asia Pacific

Asia Pacific segment was valued at US $9.35 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $114.87 billion by 2027. Asia Pacific segment represented US $8.15 billion opportunity over 2019-2021 and estimated to create US $97.37 billion opportunity in 2027 over 2021.

Rest of the World

Rest of the World segment was valued at US $5.77 billion in 2019 and is projected to grow at 32.14% CAGR over the forecast period to reach US $70.90 billion by 2027. Rest of the World segment represented US $5.03 billion opportunity over 2019-2021 and estimated to create US $60.09 billion opportunity in 2027 over 2021.