The global telehealth services market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. The key factors that are contributing to the global telehealth services market growth are increasing healthcare expenditure and advancement in the healthcare sector. Thus, these investments and advancements are influencing positive growth. For instance,
- In August 2021, Biden-Harris Administration Invests over $19 Million to Expand Telehealth Nationwide and improve health in rural, other underserved communities. These investments totaling over $19 million are being distributed to 36 award recipients through the health resources and services administration (HRSA) at the US Department of Health and Human Services (HHS).
- According to European Commission Euro Stat, data 2019 Among the EU Member States, Germany (11.7 %) and France (11.1 %) had the highest healthcare expenditure relative to GDP.
- According to Centers for Medicare and Medicaid Services data 2020, US health care spending grew 9.7% in 2020, reaching $4.1 trillion or $12,530 per person. As a share of the nation's Gross Domestic Product, health spending accounted for 19.7%.
- According to The White House, data 2022, President’s Budget for Fiscal Year (FY) 2023 requests mandatory and discretionary funding totaling over $17 billion for the Department of State (State) and the US Agency for International Development (USAID), and over $11 billion for the Department of Health and Human Services to advance US leadership in global health, including health system strengthening.
These investments by different governments are boosting the healthcare sector which is further growing the demand for telehealth services across the globe.
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Market Coverage
- The market number available for – 2023-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Services Type
- By Application
- By Deployment Type
- By End-Use
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- including Cisco Systems, Inc., General Electric Co., Koninklijke Philips N.V., Medtronic PLC, Siemens Healthcare GmbH and others.
Telehealth Services Market Report Segment
By Services Type
- Remote Patient Monitoring
- Real Time Interactions
- Video/ Audio Consultations
- Appointment Scheduling
- Other Telehealth Services (Patient Medical Data Collections)
By Application
- Tele-Radiology
- Tele-Psychiatry
- Tele-Cardiology
- Others (Tele- dermatology)
By Deployment Mode
- Web-Based
- Cloud-Based
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Telehealth Services Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Advanced Monitored Caregiving, Inc.
- American Well Corp.
- Asahi Kasei Corp.
- Cerner Corp.
- me Inc.
- GlobalMedia Group, LLC
- Grand Rounds, Inc.
- HealthTap, Inc.
- MDLIVE, Inc.
- Medvivo Group LTD.
- Nexsys Electronics, Inc. dba Medweb
- PlushCare, Inc.
- Practo Technologies Private Ltd.
- ron Bow Technologies
- Teladoc Health, Inc.
- Zoom Video Communications, Inc.
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