Telehealth Market to grow at a CAGR of 29.3% between 2022 and 2027, North America is expected to contribute to 34% of the market growth - Technavio

NEW YORK, Oct. 25, 2023 /PRNewswire/ -- The telehealth market size is estimated to grow by USD 170.82 billion during 2022-2027. The market is expected to progress at a CAGR of 29.3% during the forecast period. North America is expected to contribute to 34% of the market growth during the forecast period. Factors like the adoption of advanced telehealth technologies, and the presence of prominent vendors are driving market growth in the region. As the number of healthcare professionals adapting to the technology is increasing, regional vendors are providing a range of solutions to meet the demand. Governments in the region are also launching programs for programs involving telehealth solutions. For instance, in April 2021, New Jersey governing boards for occupational therapy, respiratory care, counseling, and dentistry planned to consider a bill to broaden reimbursement for covered services offered through telehealth and introduce new flexibilities, such as reimbursement parity, distance, and location requirements. . For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report 

Telehealth Market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The telehealth market report covers the following areas:

• Telehealth Market Size
• Telehealth Market Trends
• Telehealth Market Industry Analysis

What`s New for 2023?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial

Telehealth Market 2023-2027: Segmentation 

• Product 
• Services
• Solutions
• End-user 
• Healthcare Providers
• Payers
• Patients
• Geography 
• North America
• Europe
• Asia
• Rest Of World (ROW)

The services segment is estimated to be significant for the growth of the global telehealth market. The healthcare services included in this segment include live video conferencing, remote patient monitoring, and mHealth. These services enable healthcare professionals to provide effective and accurate consultations to many patients remotely. This service also helps healthcare professionals to attend administrative meetings, training sessions, and health administration. Rapid technological advances and improved internet services are majorly contributing to the growth of the segment.

Telehealth Market 2023-2027: Vendor Analysis

The market is fragmented with the presence of various international and domestic vendors.  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., Honeywell International Inc., Included Health Inc., Iris Telehealth, Koninklijke Philips NV, Medvivo Group Ltd., Resideo Technologies Inc., Siemens AG, Teladoc Health Inc., Tunstall Healthcare Group Ltd., and GlobalMed are among some of the major market participants

Get a glance at the market contribution of various segments including country and region wise, historic (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Telehealth Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist telehealth market growth during the next five years
• Estimation of the telehealth market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the telehealth market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of the telehealth market, vendors

Why buy?

• Add credibility to the strategy
• Analyzes competitor's offerings
• Get a holistic view of the market

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The telerehabilitation systems market size is expected to increase by USD 472.72 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 21.74%. The increasing incidence of chronic diseases is a key factor driving the global telerehabilitation systems market growth.

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Table of Contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (USD billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (USD billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global telehealth market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global telehealth market 2017 - 2021 (USD billion)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 (USD billion)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 (USD billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (USD billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (USD billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Services - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Services - Market size and forecast 2022-2027 (USD billion)
• Exhibit 35: Data Table on Services - Market size and forecast 2022-2027 (USD billion)
• Exhibit 36: Chart on Services - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Services - Year-over-year growth 2022-2027 (%)

• 6.4 Solutions - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Solutions - Market size and forecast 2022-2027 (USD billion)
• Exhibit 39: Data Table on Solutions - Market size and forecast 2022-2027 (USD billion)
• Exhibit 40: Chart on Solutions - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Solutions - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product (USD billion)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 43: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 44: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 45: Chart on Comparison by End-user
• Exhibit 46: Data Table on Comparison by End-user

• 7.3 Healthcare providers - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Healthcare providers - Market size and forecast 2022-2027 (USD billion)
• Exhibit 48: Data Table on Healthcare providers - Market size and forecast 2022-2027 (USD billion)
• Exhibit 49: Chart on Healthcare providers - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Healthcare providers - Year-over-year growth 2022-2027 (%)

• 7.4 Payers - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Payers - Market size and forecast 2022-2027 (USD billion)
• Exhibit 52: Data Table on Payers - Market size and forecast 2022-2027 (USD billion)
• Exhibit 53: Chart on Payers - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Payers - Year-over-year growth 2022-2027 (%)

• 7.5 Patients - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Patients - Market size and forecast 2022-2027 (USD billion)
• Exhibit 56: Data Table on Patients - Market size and forecast 2022-2027 (USD billion)
• Exhibit 57: Chart on Patients - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Patients - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by End-user 
• Exhibit 59: Market opportunity by End-user (USD billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 (USD billion)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 (USD billion)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 (USD billion)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 (USD billion)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027 
• Exhibit 73: Chart on Asia - Market size and forecast 2022-2027 (USD billion)
• Exhibit 74: Data Table on Asia - Market size and forecast 2022-2027 (USD billion)
• Exhibit 75: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 (USD billion)
• Exhibit 78: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 (USD billion)
• Exhibit 79: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027 
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 (USD billion)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 (USD billion)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 (USD billion)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 (USD billion)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027 
• Exhibit 89: Chart on UK - Market size and forecast 2022-2027 (USD billion)
• Exhibit 90: Data Table on UK - Market size and forecast 2022-2027 (USD billion)
• Exhibit 91: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 (USD billion)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 (USD billion)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027 
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 (USD billion)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 (USD billion)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography (USD billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 American Well Corp.
• Exhibit 108: American Well Corp. - Overview
• Exhibit 109: American Well Corp. - Product / Service
• Exhibit 110: American Well Corp. - Key offerings

• 12.4 Appello Careline Ltd. 
• Exhibit 111: Appello Careline Ltd. - Overview
• Exhibit 112: Appello Careline Ltd. - Product / Service
• Exhibit 113: Appello Careline Ltd. - Key offerings

• 12.5 Cerner Corp.
• Exhibit 114: Cerner Corp. - Overview
• Exhibit 115: Cerner Corp. - Business segments
• Exhibit 116: Cerner Corp. - Key offerings
• Exhibit 117: Cerner Corp. - Segment focus

• 12.6 Cisco Systems Inc.
• Exhibit 118: Cisco Systems Inc. - Overview
• Exhibit 119: Cisco Systems Inc. - Business segments
• Exhibit 120: Cisco Systems Inc. - Key news
• Exhibit 121: Cisco Systems Inc. - Key offerings
• Exhibit 122: Cisco Systems Inc. - Segment focus

• 12.7 Enghouse Systems Ltd. 
• Exhibit 123: Enghouse Systems Ltd. - Overview
• Exhibit 124: Enghouse Systems Ltd. - Business segments
• Exhibit 125: Enghouse Systems Ltd. - Key offerings
• Exhibit 126: Enghouse Systems Ltd. - Segment focus

• 12.8 Evernorth Health Inc. 
• Exhibit 127: Evernorth Health Inc. - Overview
• Exhibit 128: Evernorth Health Inc. - Product / Service
• Exhibit 129: Evernorth Health Inc. - Key news
• Exhibit 130: Evernorth Health Inc. - Key offerings

• 12.9 General Electric Co.
• Exhibit 131: General Electric Co. - Overview
• Exhibit 132: General Electric Co. - Business segments
• Exhibit 133: General Electric Co. - Key news
• Exhibit 134: General Electric Co. - Key offerings
• Exhibit 135: General Electric Co. - Segment focus

• 12.10 Hewlett Packard Enterprise Co. 
• Exhibit 136: Hewlett Packard Enterprise Co. - Overview
• Exhibit 137: Hewlett Packard Enterprise Co. - Business segments
• Exhibit 138: Hewlett Packard Enterprise Co. - Key news
• Exhibit 139: Hewlett Packard Enterprise Co. - Key offerings
• Exhibit 140: Hewlett Packard Enterprise Co. - Segment focus

• 12.11 Honeywell International Inc. 
• Exhibit 141: Honeywell International Inc. - Overview
• Exhibit 142: Honeywell International Inc. - Business segments
• Exhibit 143: Honeywell International Inc. - Key news
• Exhibit 144: Honeywell International Inc. - Key offerings
• Exhibit 145: Honeywell International Inc. - Segment focus

• 12.12 Included Health Inc.
• Exhibit 146: Included Health Inc. - Overview
• Exhibit 147: Included Health Inc. - Product / Service
• Exhibit 148: Included Health Inc. - Key offerings

• 12.13 Koninklijke Philips NV 
• Exhibit 149: Koninklijke Philips NV - Overview
• Exhibit 150: Koninklijke Philips NV - Business segments
• Exhibit 151: Koninklijke Philips NV - Key news
• Exhibit 152: Koninklijke Philips NV - Key offerings
• Exhibit 153: Koninklijke Philips NV - Segment focus

• 12.14 Resideo Technologies Inc. 
• Exhibit 154: Resideo Technologies Inc. - Overview
• Exhibit 155: Resideo Technologies Inc. - Business segments
• Exhibit 156: Resideo Technologies Inc. - Key offerings
• Exhibit 157: Resideo Technologies Inc. - Segment focus

• 12.15 Siemens AG
• Exhibit 158: Siemens AG - Overview
• Exhibit 159: Siemens AG - Business segments
• Exhibit 160: Siemens AG - Key news
• Exhibit 161: Siemens AG - Key offerings
• Exhibit 162: Siemens AG - Segment focus

• 12.16 Teladoc Health Inc.
• Exhibit 163: Teladoc Health Inc. - Overview
• Exhibit 164: Teladoc Health Inc. - Business segments
• Exhibit 165: Teladoc Health Inc. - Key offerings
• Exhibit 166: Teladoc Health Inc. - Segment focus

• 12.17 Tunstall Healthcare Group Ltd. 
• Exhibit 167: Tunstall Healthcare Group Ltd. - Overview
• Exhibit 168: Tunstall Healthcare Group Ltd. - Product / Service
• Exhibit 169: Tunstall Healthcare Group Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 170: Inclusions checklist
• Exhibit 171: Exclusions checklist

• 13.3 Currency conversion rates for USUSD 
• Exhibit 172: Currency conversion rates for USUSD

• 13.4 Research methodology
• Exhibit 173: Research methodology
• Exhibit 174: Validation techniques employed for market sizing
• Exhibit 175: Information sources

• 13.5 List of abbreviations 
• Exhibit 176: List of abbreviations

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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