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.
List of Key Players in the Telehealth Services Market
- Teladoc Health
- American Well
- Medtronic plc
- Koninklijke Philips N.V.,
- Siemens Healthineers,
- Doxy.me
- Doctor On Demand
- Cerner Corporation
- Cisco Systems.
- Practo
- GE Healthcare
- Zoom
- MDlive
- PlushCare
- Global Med
- Health Tap
Request a free sample copy or view report summary: Telehealth Services Market Report
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.
Telehealth Services Market Report
Scope
|
Report Attribute |
Details |
|
Market size value in 2024 |
USD 60.48 billion |
|
Revenue forecast in 2030 |
USD 291.37 billion |
|
Growth rate |
CAGR of 30.0% from 2024 to 2030 |
|
Actual Data |
2018 - 2023 |
|
Forecast Data |
2024 - 2030 |
Related Press Release@ Telehealth
Services Industry Analysis
Telehealth Services Market Segmentation
Grand View Research has segmented global telehealth
services market based on service type, delivery mode, application, end use, and
region:
Telehealth Services Delivery Mode Outlook (Revenue, USD
Million, 2018 - 2030)
- Web-based
- Cloud-based
- Others
Telehealth Services Service Type Outlook (Revenue, USD
Million, 2018 - 2030)
- Remote Patient Monitoring
- Real Time Interactions
- Store and Forward
- Video/ Audio Consultations
- Physician-to-physician Contact
- Patient Medical Data Collections
- Appointment Scheduling
- Other Telehealth Services
Telehealth Services Application Outlook (Revenue, USD
Million, 2018 - 2030)
- Teleradiology
- Telepsychiatry
- Telepathology
- Teledermatology
- Telecardiology
- Others
Telehealth Services End Use Outlook (Revenue, USD
Million, 2018 - 2030)
- Payers
- Providers
- Patients
Telehealth Services Regional Outlook (Revenue, USD
Million, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Norway
- Denmark
- Sweden
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Thailand
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Kuwait
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View Research, Inc. is a U.S. based market research and consulting company,
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company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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