USD 109.98 bn Rise in Telehealth Market with 34% Growth from Europe - Technavio

American Well Corp., Cisco Systems Inc., and Doctor On Demand Inc. Emerge as major participants 

NEW YORK, Aug. 17, 2022 /PRNewswire/ -- The latest market analysis report titled Telehealth Market Forecast and Analysis 2021-2025 has been added to Technavio's catalog. The report predicts the market to witness an accelerating growth momentum at a CAGR of 30.44%. The analysts at Technavio have categorized the global telehealth market as a part of the global healthcare technology market. The market growth will be driven by factors including the increasing cases of chronic diseases such as cardiovascular diseases (CVDs), cancer, Alzheimer's disease, asthma, and diabetes that have fueled the demand for telehealth services and solutions. In addition, the growing demand for technology is another key factor driving the global telehealth market growth. However, the growing privacy and data security concerns will limit the market's growth as the consultation requires the collection and aggregation of data from patients' medical devices for routine monitoring of their health.

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Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of the pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis and updates on market estimates

Emerging Opportunities with Key players

American Well Corp.

The company offers urgent care, nutrition, virtual primary care, scheduled visits, and others, under health system modules and health plan programs under a unified segment. The company offers full-spectrum telehealth solutions, designed to support care delivery across the continuum. From clinical supply to patient acquisition, to support for providers, patients, and business units.

Cisco Systems Inc.

The company operates in three key geographies including the Americas, EMEA, and APJC. The company offers streamlined telehealth and collaboration where virtual care and collaboration make a difference on both sides of the screen.

Doctor On Demand Inc.

Under the online doctor consultation segment, the company offers online doctor consultations for behavioral health, preventive health, and chronic diseases. The company offers Included Health under telehealth care where it offers specialty care, everyday and urgent care primary care, and others.

Enghouse Systems Ltd.

The company operates in key business units including The Interactive Management Group and Asset Management Group. The company under telehealth care offers VidyoHealth, software built for healthcare and designed to integrate with EHR systems, medical devices, and endpoints.

General Electric Co.

The company's key operating units include Power, Renewable Energy, Aviation, Healthcare, and Capital. The company offers a Mural virtual care solution under telehealth care which provides clinicians the ability to assess the status of their maternal patients, utilize hospital-defined protocols to identify patients at risk, and track adherence to best practices including management of hypertension, hemorrhage, and medication delivery.

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Telehealth Market Segmentation Highlights

• Product
• Services: The telehealth market share growth in the services segment will be significant for revenue generation. The increasing uptake of telehealth services by healthcare providers will further increase the demand for a comprehensive range of clinical and non-clinical telehealth services in the healthcare industry, thereby positively driving the growth in this segment. The technological innovation and improvement in internet services (for live video conferencing, remote patient monitoring, and mobile health) will increase the adoption of telehealth services by healthcare providers and payers.
• Solutions
• Geography
• North America: 34% of the market's growth will originate from Europe during the forecast period. The UK and Germany are the key markets for telehealth in Europe. Market growth in this region will be faster than the growth of the market in other regions. The increasing incidences of chronic diseases, the adoption of advanced technologies in telehealth, and the presence of many prominent vendors will facilitate the telehealth market growth in Europe over the forecast period.
• Europe
• Asia
• ROW

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Browse Healthcare Industry Related Reports:

Veterinary Telehealth Market by Service Type and Geography - Forecast and Analysis 2022-2026: The veterinary telehealth market share is expected to increase by USD 147 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 17.03%.

Smart Healthcare Market by Solution and Geography - Forecast and Analysis 2022-2026: The smart healthcare market share is expected to increase by USD 96.25 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.46%.

Table of Content

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2020
• Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Services - Market size and forecast 2020-2025
• Solutions - Market size and forecast 2020-2025
• Market opportunity by Product

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2020-2025
• Europe - Market size and forecast 2020-2025
• Asia - Market size and forecast 2020-2025
• ROW - Market size and forecast 2020-2025
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• American Well Corp.
• Cisco Systems Inc.
• Doctor On Demand Inc.
• Enghouse Systems Ltd.
• General Electric Co.
• Honeywell International Inc.
• Koninklijke Philips NV
• MDLIVE Inc.
• Medtronic Plc
• Teladoc Health Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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 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.

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SOURCE Technavio