The Global Telehealth Services Market is driven by Increased Adoption of Telehealth amid Covid-19 Pandemic
The Global Telehealth Services Market offers remote healthcare services through digital communication technologies including video-conferencing, connectivity solutions, and lifestyle management apps among others. Telehealth enables the delivery of healthcare services and clinical information from a distance using virtual platforms instead of an in-person visit. It helps in effective management of chronic diseases, improves access to healthcare in remote locations as well as reduces healthcare expenditure. With rising incidence of chronic diseases, growing geriatric population, advancement in telecommunication technologies, and shortage of physicians, the demand for telehealth solutions is growing substantially.
The Global Telehealth Services Market is estimated to be valued at US$ 12.47 Bn in 2024 and is expected to exhibit a CAGR of 10% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the Global Telehealth Services are Teladoc Health, Doctor On Demand, MDLIVE, Grand Rounds, eVisit, Cliquent, Ping An Good Doctor, Habit Health, American Well Corporation, Murata Vios, Doximity, Hims & Hers Health, Inc. and Other Prominent Players. Growing awareness regarding telehealth and rising preference for remote consultations is driving the demand for telehealth services globally. Major players are focusing on strengthening their product portfolios and expanding into untapped Global Telehealth Services Market Demand to leverage lucrative opportunities.
The increasing prevalence of chronic diseases such as diabetes, cardiovascular diseases, and cancer is propelling the demand for telehealth services. Telehealth helps in the effective management of chronic diseases and improving health outcomes. Moreover, the growing geriatric population susceptible to chronic medical conditions is further augmenting market growth.
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