Product Code: GVR-4-68039-972-1
Telehealth Services Market Growth & Trends:
The global telehealth services market size is anticipated to reach USD 291.37 billion by 2030, growing at a CAGR of 30.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing technological advancements in healthcare, the shortfall of healthcare professionals, and supportive government initiatives drive the market demand. Technological advancements in telehealth include the internet, store-and-forward imaging, videoconferencing, streaming media, and wireless and terrestrial communications.
Telehealth technologies are altering the way of delivering care to underserved individuals or populations who otherwise experience burdensome travel and hefty expenses to receive specialty care. Moreover, transportation may be an obstacle for patients with chronic diseases; telehealth provides continuous care to such patients overcoming the obstacles of transportation, time, and cost. Health status can be accessed conveniently with the help of technologies such as video conferencing and real-time connectivity via chat, text, and audio.
Many companies are adopting such technologies to provide better care to patients. For instance, in February 2024 , Yellowcross Healthcare Commerce, a provider of telemedicine practice management services, launched a new consultancy service designed to empower medical groups and healthcare facilities to enhance their remote care capabilities. This new venture, founded by experienced telemedicine professionals, aims to support healthcare providers in addressing the growing shortage of radiologists and improving patient care through the adoption of innovative telemedicine solutions.
Telehealth services have expanded healthcare accessibility, particularly for individuals in remote or underserved areas. Patients who previously had limited access to healthcare facilities can now receive medical consultations and follow-ups without the need to travel long distances. This convenience not only improves patient outcomes but also reduces the burden on physical healthcare infrastructure, leading to more efficient resource allocation.
In addition, the growing prevalence of chronic diseases such as diabetes, hypertension, and heart disease has fueled the demand for telehealth services. Continuous monitoring and management of these conditions often require regular medical consultations, which can be effectively managed through telehealth. A study published by the NIH in April 2023 investigated telehealth chronic disease visits among low-income groups. The analysis, included records for 52,904 unique patients, with 31,999 being female, and 49% having at least one telehealth visit. Remote monitoring devices and wearable technology enable healthcare providers to track patient health metrics in real time, allowing for timely interventions and personalized care plans.
Telehealth Services Market Report Highlights:
- Based on delivery mode, the web-based segment held the largest revenue share of 45.78% in 2023. The demand for web-based delivery services is due to the availability of various telehealth platforms and virtual care applications on the web.
- Based on the service type, the real-time interactions segment accounted for the largest revenue share of 28.33% in 2023. The dominance of the segment is due to the overall adoption to address chronic conditions, advances in digital health infrastructure, growing demand for real-time monitoring, the rising number of mobile internet users, and increasing demand to minimize healthcare expenditure
- Based on application, the teleradiology held the largest revenue share of 24.33% in 2023 due to the rising diagnostic imaging centers, the rapid incorporation of tele-radiology workflow by healthcare providers, and the introduction of supporting tele-radiology practices.
- Based on end user, the patients' segment accounted for a revenue share of 44.18% in 2023 and is anticipated to grow at the fastest CAGR from 2024 to 2030. The segment's dominance is due to the increasing adoption rates of telehealth applications and virtual care platforms and increased affordability, convenience, and accessibility of care solutions
- North America dominated the overall global market and accounted for the 51.24% revenue share in 2023. This is attributable to the rise in healthcare IT expenses, the presence of prominent market players, advances in health infrastructure, high-quality network connectivity, and the growing incidence of chronic conditions.
- The major companies are undertaking various strategies such as new product development, collaborations, acquisitions, mergers, and regional expansion to serve the unmet needs of their customers.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Segment Definitions
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.7.2. Approach 1: Commodity flow approach
- 1.7.3. Volume price analysis (Model 2)
- 1.7.4. Approach 2: Volume price analysis
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Delivery mode outlook
- 2.2.2. Service type outlook
- 2.2.3. Application outlook
- 2.2.4. End use outlook
- 2.3. Regional outlook
- 2.4. Competitive Insights
Chapter 3. Telehealth Services Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.3. Telehealth Services Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of suppliers
- 3.3.1.2. Bargaining power of buyers
- 3.3.1.3. Threat of substitutes
- 3.3.1.4. Threat of new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
Chapter 4. Telehealth Services Market: Delivery Mode Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Telehealth Services Market: Delivery Mode Movement Analysis
- 4.3. Telehealth Services Market by Delivery Mode Outlook (USD Million)
- 4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 4.5. Web-based
- 4.5.1. Web-based Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Cloud-based
- 4.6.1. Cloud-based Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Others
- 4.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Telehealth Services Market: Service Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Telehealth Services Market: Service Type Movement Analysis
- 5.3. Telehealth Services Market by Service Type Outlook (USD Million)
- 5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 5.5. Remote Patient Monitoring
- 5.5.1. Clinical Monitoring Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Real Time Interactions
- 5.6.1. Real Time Interactions Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.7. Store and Forward
- 5.7.1. Store and Forward Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.8. Video/ Audio Consultations
- 5.8.1. Video/ Audio Consultations Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.9. Physician-to-physician Contact
- 5.9.1. Physician-to-physician Contact Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.10. Patient Medical Data Collections
- 5.10.1. Patient Medical Data Collections Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.11. Appointment Scheduling
- 5.11.1. Appointment Scheduling Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.12. Other Telehealth Services
- 5.12.1. Other Telehealth Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Telehealth Services Market: Application Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Telehealth Services Market: Application Movement Analysis
- 6.3. Telehealth Services Market by Application Outlook (USD Million)
- 6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 6.5. Teleradiology
- 6.5.1. Teleradiology Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Telepsychiatry
- 6.6.1. Telepsychiatry Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.7. Telepathology
- 6.7.1. Telepathology Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.8. Telecardiology
- 6.8.1. Telecardiology Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.9. Others
- 6.9.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Telehealth Services Market: End Use Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Telehealth Services Market: End Use Movement Analysis
- 7.3. Telehealth Services Market by End Use Outlook (USD Million)
- 7.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 7.5. Payers
- 7.5.1. Payers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.6. Providers
- 7.6.1. Providers Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.7. Patients
- 7.7.1. Patients Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Telehealth Services Market: Regional Estimates & Trend Analysis
- 8.1. Regional Dashboard
- 8.2. Regional Telehealth Services Market movement analysis
- 8.3. Telehealth Services Market: Regional Estimates & Trend Analysis by Product Type, Material & End-use
- 8.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 8.5. North America
- 8.5.1. North America Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. U.S.
- 8.5.2.1. Key Country Dynamics
- 8.5.2.2. Competitive Scenario
- 8.5.2.3. Regulatory Framework
- 8.5.2.4. Reimbursement scenario
- 8.5.2.5. U.S. Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.3. Canada
- 8.5.3.1. Key Country Dynamics
- 8.5.3.2. Competitive Scenario
- 8.5.3.3. Regulatory Framework
- 8.5.3.4. Reimbursement scenario
- 8.5.3.5. Canada Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.4. Mexico
- 8.5.4.1. Key Country Dynamics
- 8.5.4.2. Competitive Scenario
- 8.5.4.3. Regulatory Framework
- 8.5.4.4. Reimbursement scenario
- 8.5.4.5. Mexico Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.5. Europe
- 8.5.6. Europe Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.7. UK
- 8.5.7.1. Key Country Dynamics
- 8.5.7.2. Competitive Scenario
- 8.5.7.3. Regulatory Framework
- 8.5.7.4. Reimbursement scenario
- 8.5.7.5. UK Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.8. Germany
- 8.5.8.1. Key Country Dynamics
- 8.5.8.2. Competitive Scenario
- 8.5.8.3. Regulatory Framework
- 8.5.8.4. Reimbursement scenario
- 8.5.8.5. Germany Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.9. France
- 8.5.9.1. Key Country Dynamics
- 8.5.9.2. Competitive Scenario
- 8.5.9.3. Regulatory Framework
- 8.5.9.4. Reimbursement scenario
- 8.5.9.5. France Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.10. Italy
- 8.5.10.1. Key Country Dynamics
- 8.5.10.2. Competitive Scenario
- 8.5.10.3. Regulatory Framework
- 8.5.10.4. Reimbursement scenario
- 8.5.10.5. Italy Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.11. Spain
- 8.5.11.1. Key Country Dynamics
- 8.5.11.2. Competitive Scenario
- 8.5.11.3. Regulatory Framework
- 8.5.11.4. Reimbursement scenario
- 8.5.11.5. Spain Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.12. Norway
- 8.5.12.1. Key Country Dynamics
- 8.5.12.2. Competitive Scenario
- 8.5.12.3. Regulatory Framework
- 8.5.12.4. Reimbursement scenario
- 8.5.12.5. Norway Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.13. Sweden
- 8.5.13.1. Key Country Dynamics
- 8.5.13.2. Competitive Scenario
- 8.5.13.3. Regulatory Framework
- 8.5.13.4. Reimbursement scenario
- 8.5.13.5. Sweden Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.14. Denmark
- 8.5.14.1. Key Country Dynamics
- 8.5.14.2. Competitive Scenario
- 8.5.14.3. Regulatory Framework
- 8.5.14.4. Reimbursement scenario
- 8.5.14.5. Denmark Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6. Asia Pacific
- 8.6.1. Asia Pacific Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. Japan
- 8.6.2.1. Key Country Dynamics
- 8.6.2.2. Competitive Scenario
- 8.6.2.3. Regulatory Framework
- 8.6.2.4. Reimbursement scenario
- 8.6.2.5. Japan Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.3. China
- 8.6.3.1. Key Country Dynamics
- 8.6.3.2. Competitive Scenario
- 8.6.3.3. Regulatory Framework
- 8.6.3.4. Reimbursement scenario
- 8.6.3.5. China Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.4. India
- 8.6.4.1. Key Country Dynamics
- 8.6.4.2. Competitive Scenario
- 8.6.4.3. Regulatory Framework
- 8.6.4.4. Reimbursement scenario
- 8.6.4.5. India Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.5. South Korea
- 8.6.5.1. Key Country Dynamics
- 8.6.5.2. Competitive Scenario
- 8.6.5.3. Regulatory Framework
- 8.6.5.4. Reimbursement scenario
- 8.6.5.5. South Korea Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.6. Australia
- 8.6.6.1. Key Country Dynamics
- 8.6.6.2. Competitive Scenario
- 8.6.6.3. Regulatory Framework
- 8.6.6.4. Reimbursement scenario
- 8.6.6.5. Australia Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.7. Thailand
- 8.6.7.1. Key Country Dynamics
- 8.6.7.2. Competitive Scenario
- 8.6.7.3. Regulatory Framework
- 8.6.7.4. Reimbursement scenario
- 8.6.7.5. Singapore Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.7. Latin America
- 8.7.1. Latin America Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.7.2. Brazil
- 8.7.2.1. Key Country Dynamics
- 8.7.2.2. Competitive Scenario
- 8.7.2.3. Regulatory Framework
- 8.7.2.4. Reimbursement scenario
- 8.7.2.5. Brazil Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.7.3. Argentina
- 8.7.3.1. Key Country Dynamics
- 8.7.3.2. Competitive Scenario
- 8.7.3.3. Regulatory Framework
- 8.7.3.4. Reimbursement scenario
- 8.7.3.5. Argentina Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.8. Middle East & Africa
- 8.8.1. Middle East & Africa Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.8.2. South Africa
- 8.8.2.1. Key Country Dynamics
- 8.8.2.2. Competitive Scenario
- 8.8.2.3. Regulatory Framework
- 8.8.2.4. Reimbursement scenario
- 8.8.2.5. South Africa Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.8.3. Saudi Arabia
- 8.8.3.1. Key Country Dynamics
- 8.8.3.2. Competitive Scenario
- 8.8.3.3. Regulatory Framework
- 8.8.3.4. Reimbursement scenario
- 8.8.3.5. Saudi Arabia Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.8.4. UAE
- 8.8.4.1. Key Country Dynamics
- 8.8.4.2. Competitive Scenario
- 8.8.4.3. Regulatory Framework
- 8.8.4.4. Reimbursement scenario
- 8.8.4.5. UAE Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.8.5. Kuwait
- 8.8.5.1. Key Country Dynamics
- 8.8.5.2. Competitive Scenario
- 8.8.5.3. Regulatory Framework
- 8.8.5.4. Reimbursement scenario
- 8.8.5.5. Kuwait Telehealth Services Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Market Participant Categorization
- 9.2. Key Company Profiles
- 9.2.1. Teladoc Health
- 9.2.1.1. Company overview
- 9.2.1.2. Financial performance
- 9.2.1.3. Product benchmarking
- 9.2.1.4. Strategic initiatives
- 9.2.2. American Well
- 9.2.2.1. Company overview
- 9.2.2.2. Financial performance
- 9.2.2.3. Product benchmarking
- 9.2.2.4. Strategic initiatives
- 9.2.3. Medtronic PLC
- 9.2.3.1. Company overview
- 9.2.3.2. Financial performance
- 9.2.3.3. Product benchmarking
- 9.2.3.4. Strategic initiatives
- 9.2.4. Koninklijke Philips N.V.,
- 9.2.4.1. Company overview
- 9.2.4.2. Financial performance
- 9.2.4.3. Product benchmarking
- 9.2.4.4. Strategic initiatives
- 9.2.5. Siemens Healthineers,
- 9.2.5.1. Company overview
- 9.2.5.2. Financial performance
- 9.2.5.3. Product benchmarking
- 9.2.5.4. Strategic initiatives
- 9.2.6. Doxy.me
- 9.2.6.1. Company overview
- 9.2.6.2. Financial performance
- 9.2.6.3. Product benchmarking
- 9.2.6.4. Strategic initiatives
- 9.2.7. Doctor On Demand
- 9.2.7.1. Company overview
- 9.2.7.2. Financial performance
- 9.2.7.3. Product benchmarking
- 9.2.7.4. Strategic initiatives
- 9.2.8. Cerner Corporation
- 9.2.8.1. Company overview
- 9.2.8.2. Financial performance
- 9.2.8.3. Product benchmarking
- 9.2.8.4. Strategic initiatives
- 9.2.9. Cisco Systems.
- 9.2.9.1. Company overview
- 9.2.9.2. Financial performance
- 9.2.9.3. Product benchmarking
- 9.2.9.4. Strategic initiatives
- 9.2.10. Practo
- 9.2.10.1. Company overview
- 9.2.10.2. Financial performance
- 9.2.10.3. Product benchmarking
- 9.2.10.4. Strategic initiatives
- 9.2.11. GE Healthcare
- 9.2.11.1. Company overview
- 9.2.11.2. Financial performance
- 9.2.11.3. Product benchmarking
- 9.2.11.4. Strategic initiatives
- 9.2.12. Zoom
- 9.2.12.1. Company overview
- 9.2.12.2. Financial performance
- 9.2.12.3. Product benchmarking
- 9.2.12.4. Strategic initiatives
- 9.2.13. MDlive
- 9.2.13.1. Company overview
- 9.2.13.2. Financial performance
- 9.2.13.3. Product benchmarking
- 9.2.13.4. Strategic initiatives
- 9.2.14. PlushCare
- 9.2.14.1. Company overview
- 9.2.14.2. Financial performance
- 9.2.14.3. Product benchmarking
- 9.2.14.4. Strategic initiatives
- 9.2.15. Global Med
- 9.2.15.1. Company overview
- 9.2.15.2. Financial performance
- 9.2.15.3. Product benchmarking
- 9.2.15.4. Strategic initiatives
- 9.2.16. Health Tap
- 9.2.16.1. Company overview
- 9.2.16.2. Financial performance
- 9.2.16.3. Product benchmarking
- 9.2.16.4. Strategic initiatives