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Telehealth Market Trends 2023 | Growth, Share, Size, Demand and Future Scope 2028

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MARC Group, a leading market research company, has recently releases report titled “Telehealth Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global digital marketing software market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the telehealth market?

Report Attributes Details
Market Size in 2022 US$ 15.5 Billion
Market Forecast in 2028 US$ 49.8 Billion
Growth rate (2023 to 2028) CAGR of 21.6%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What is telehealth?

Telehealth refers to the process of delivering various clinical and non-clinical healthcare services through electronic information and telecommunication technologies. It uses several technologies, including videoconferencing, mobile health (mHealth) applications, streaming media, storing and forwarding imaging, and enabling wireless and terrestrial communications. It is also employed for remotely monitoring health, educating medical personnel, and digitally transferring patient data through mobile devices and computers. In addition, it provides convenience, minimized financial burdens, flexibility, remote patient monitoring, and improved compliance with follow-up visits. Owing to these benefits, telehealth is gaining traction among healthcare providers and patients across the globe.

Request for a free sample copy of this report: https://www.imarcgroup.com/telehealth-market/requestsample

What are the growth prospects and trends in the telehealth industry?

The market is primarily driven by the increasing incidences of chronic diseases, including diabetes, cancer, and gastrointestinal and neurological disorders. In addition, the growing working population, sedentary lifestyles, and unhealthy dietary patterns are leading to cardiovascular diseases, obesity, and diabetes, is contributing to the market growth. Moreover, the recent onset of the coronavirus disease (COVID-19) pandemic escalated the demand for telehealth to avoid physical contact, curb the spread of the virus, and manage patients remotely, which represents another major growth-inducing factor. Besides this, the emergence of health-tracking mobile applications that allow individuals to monitor and follow a healthy regime is providing a positive thrust to market growth. Along with this, the widespread adoption of wearable devices that help monitor blood pressure, sleep patterns, blood glucose levels, and chronic pain are influencing the market growth. Furthermore, growing health awareness, rising healthcare expenditure, and extensive research and development (R&D) activities in the fields of medical sciences and telecommunication technologies are creating a favorable market outlook.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Component:

  • Software
  • Hardware
  • Services

Breakup by Communication Technology:

  • Video Conferencing
  • mHealth Solutions
  • Others

Breakup by Hosting Type:

  • Cloud-Based and Web-based
  • On-Premises

Breakup by Application:

  • Teleconsultation and Telementoring
  • Medical Education and Training
  • Teleradiology
  • Telecardiology
  • Tele-ICU
  • Tele-Psychiatry
  • Tele-Dermatology
  • Others

Breakup by End-User:

  • Providers
  • Patients
  • Payers
  • Others

Breakup by Region:

  • North America (U.S. & Canada)
  • Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
  • Latin America (Brazil, Mexico)
  • Middle East & Africa

Ask Analyst for Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/telehealth-market

Who are the key players operating in the industry?

The report covers the major market players including:

  • Aerotel Medical Systems
  • Allscripts Healthcare LLC
  • AMD Global Telemedicine Inc.
  • American Well Corporation
  • Biotelemetry Inc.
  • Cerner Corporation
  • Cisco Systems Inc.
  • GE Healthcare Inc. (General Electric),
  • Honeywell Life Care Solutions
  • Medtronic Inc.
  • Philips Healthcare
  • Teladoc Health Inc.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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