Telehealth Market to Grow with a CAGR of 8.05% through 2030F
Growing incidences and prevalence of chronic diseases and
growing technological advances in healthcare is expected to drive the Global
Telehealth Market growth in the forecast period, 2026-2030.
According to TechSci Research report, “Telehealth Market - Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030F”, the Global Telehealth Market stood at USD 85.57
billion in 2024 and is anticipated to grow with a CAGR of 8.05% in the forecast
period. The market growth is driven by several key factors,
including the rising prevalence of chronic diseases, growing demand for remote
patient monitoring, and improved patient engagement. However, challenges
related to privacy and data security pose significant obstacles to the market's
expansion. Despite these challenges, there are ample opportunities in the telehealth
market, such as the increasing need for technology and funding to support its
growth. The demand for healthcare services and technologies has surged in the
aftermath of the pandemic. Innovative technologies like telemedicine, chatbots,
and robots are being deployed to gather information, provide reassurance,
deliver patient care, make diagnoses, and even aid in future vaccine
development. The potential of telehealth has become even more evident, given
the global shortage of hospital beds and healthcare professionals.
The global telehealth market is being driven by the
increasing demand for digital and convenient healthcare products and services
among hospitals and consumers worldwide. Telehealth platforms are gaining
significant traction among consumers due to the availability of healthcare
professionals at the touch of a button. The growth of the telehealth market is
further fueled by investments in IT infrastructure development and the
widespread adoption of smartphones and internet connectivity.
The telehealth market is also propelled by the rising
prevalence of chronic diseases and the growing geriatric population. The
increasing number of hospitals and clinics worldwide is fueling the adoption of
telehealth. By monitoring patients' medical health and providing valuable
insights during treatment, telehealth facilitates effective patient care. The
constant monitoring required for geriatric patients is driving the demand for
telehealth platforms. The widespread penetration of telehealth apps globally is
playing a significant role in the market's exponential growth. Key market
players are contributing to the market's expansion through various strategic
initiatives such as acquisitions, partnerships, and new product launches.
The increasing penetration of the internet and the
continuous evolution and development of smartphones have been significant
factors contributing to the growth of the market. Advancements in digital
infrastructure have empowered users to monitor their health and fitness, access
medical assistance, and schedule appointments conveniently. A notable example
is the partnership between AIG and Cigna with Doctor Anywhere in Singapore,
where they provide complimentary consultation services to patients across Thailand,
Singapore, and Vietnam. The increasing number of public-private partnerships,
advancements in digital infrastructure, government initiatives, and continuous
advancements in digital health technologies are expected to drive the demand
for virtual care applications and services. Nevertheless, the absence of robust
health standards in comparison to the traditional healthcare system and
concerns regarding patient privacy and confidentiality may somewhat limit the
expansion of this market. Similarly, the hesitancy to transition from
conventional systems, instances of misdiagnosis, and technological obstacles in
developing nations can pose challenges for the stakeholders operating in this
market.
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and an in-depth TOC on "Global Telehealth Market”
The Global Telehealth Market is segmented into type,
delivery mode, application, end user, regional distribution, and company.
Based on end user, physician telehealth segment is expected
to be the fastest growing segment in the upcoming years. The end user segment
is expected to witness significant market share growth throughout the forecast
period. Physician telehealth encompasses a wide range of remote healthcare
services, including live video conferencing, remote patient monitoring, and
mobile health (mHealth). These telehealth services offer notable clinical
benefits, empowering healthcare professionals to deliver effective and accurate
consultations remotely. Telehealth services extend beyond clinical aspects,
encompassing non-clinical services such as administrative meetings, healthcare
provider training, and health administration. The increasing adoption of
telehealth services by healthcare providers and payers can be attributed to
technological advancements and improved internet services.
Based on region, North America dominates the global
telehealth market due to a combination of advanced healthcare infrastructure,
high digital adoption, and strong government support. The United States and
Canada have widespread internet access and high smartphone penetration,
enabling seamless virtual care delivery. Major players like Teladoc Health,
Amwell, and Philips North America drive innovation and service expansion. The
supportive regulatory policies, such as reimbursement for telehealth services
under Medicare and Medicaid, have accelerated adoption. The COVID-19 pandemic
further boosted telehealth usage, prompting healthcare providers and patients
to embrace remote care for safety and convenience. The region faces a growing
burden of chronic diseases, aging populations, and physician shortages—key
drivers for virtual care solutions. Investment in artificial intelligence,
remote patient monitoring, and mental health platforms also contributes to
sustained growth. Collectively, these factors position North America as a
leader in shaping the future of the global telehealth landscape.
Major companies operating in Global Telehealth Market
are:
· Aerotel
Medical Systems Ltd.
· American
Well Corp.
· Appello
Careline Ltd.
· Cerner
Corp.
· Cisco
Systems Inc.
· Dictum
Health Inc.
· Enghouse
Systems Ltd.
· Evernorth
Health Inc.
· General
Electric Co.
· Hewlett
Packard Enterprise Co.
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“The global telehealth market is growing rapidly, driven by
advancements in internet technology, widespread device usage, and improved
connectivity. High-speed internet and the rise of smartphones, laptops, and
portable devices have made telehealth more accessible, bringing care directly
into homes. This convenience, combined with increasing internet penetration,
has filled gaps in healthcare delivery. The integration of AI and machine
learning enables real-time, data-driven decision-making, enhancing patient
care. Ongoing innovation further supports market expansion” said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based management
consulting firm.
“Telehealth Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Software, Systems, Hardware, Telecommunication), By Delivery Mode (Cloud-Based Delivery Mode, Web-Based Delivery Mode, On-Premises Delivery Mode), By Application (General Consultation, Cardiology, Gynecology, Ophthalmology, Orthopedics, Others), By End User (Hospitals, Physician Telehealth, Home Telehealth), By Region and Competition, 2020-2030F”, has evaluated
the future growth potential of Global Telehealth Market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Telehealth Market.
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