The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s telehealth market report forecasts the telehealth market size to grow to $349.11 Billion by 2027, with a CAGR (compound annual growth rate) of more than 27%.

Learn More On The Telehealth Market Report 2023 – https://www.thebusinessresearchcompany.com/report/telehealth-global-market-report

Telehealth Market Size Forecast
The global telehealth market is expected to grow from $102.98 billion in 2022 to $132.63 billion in 2023 at a compound annual growth rate (CAGR) of 28.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The telehealth market size is expected to grow to $349.11 billion in 2027 at a CAGR of 27.4%.

North America held the largest telehealth market share.

Key Telehealth Market Driver ­– Growth In Outbreak Of COVID-19
For instance, Teladoc Health, a virtual healthcare company based in the USA, has seen a huge increase in virtual visits, with an increase of 92% in total visits in the first quarter. Teladoc announced that the US subscription amounted to 43 million users in the first quarter of 2020, up 61% from 27 million users in the same quarter in 2019. Therefore, the outbreak of COVID-19 contributed to the growth of the telehealth market.

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Key Telehealth Market Trend – Developing Advanced Solutions
Major companies operating in the telehealth sector are focusing on developing advanced solutions for telehealth that help remote monitoring easily. For instance, in April 2020, Royal Philips, a technology company that is engaged in healthcare, lighting, and consumer well-being markets, introduced Avalon CL Fetal and Maternal Pod and Patch for remote monitoring. The goal of the new wireless Avalon CL Fetal and Maternal Pod and Patch is to minimize unwanted physical contacts between physicians and patients, which is of quite significance during the COVID-19 pandemic.

Telehealth Market Segment
1) By Component: Software, Services, Hardware
2) By Mode Of Delivery: Cloud-based, On-Premise
3) By Application: Teleradiology, Tele-Consultation, Tele-ICU, Tele-Stroke, Tele-Psychiatry, Tele-Dermatology, Other Applications
4) By End-User: Healthcare Providers, Patients, Payers, Other End-Users

Telehealth Market Major Players and Strategies
Major players in the telehealth market are Teladoc Health Inc., American Well, MDLive, Doctor on Demand, GlobalMed, Siemens Healthineers, Cisco Systems, Inc., Medtronic, Dictum Health, Inc., Koninklijke Philips N.V., GE Healthcare, AMC Health, Medvivo Group Ltd., Iron Bow Technologies, Telespecialists LLC, MedWeb, IMediplus Inc., Vsee, Chiron Health, Zipnosis, Allscripts Healthcare Solutions, Honeywell International Inc., Right Health, Boston Scientific Corporation, Care Innovations LLC, InTouch Technologies, Inc., Encounter Telehealth, HelloMD, SnapMD, Inc., and OpenTeleHealth.

In July 2020, BioTelemetry, Inc., a US-based remote medical technology company focused on the delivery of health information to improve quality of life and reduce the cost of care, acquired On.Demand, a remote patient monitoring (RPM) and coaching platform that is operated by Envolve People Care, Inc. for an undisclosed amount. Through this acquisition, BioTelemetry becomes an exclusive provider to Centene Medicaid members for diabetes RPM services. Envolve PeopleCare, Inc., a US-based company focused on transformative health management through education and empowerment.

The Telehealth Global Market Report 2023 covers regional data on telehealth market size, telehealth market trends and drivers, opportunities, strategies, and telehealth market competitor analysis. The countries covered in the telehealth market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Telehealth is engaged in providing telehealth services for the smooth functioning of healthcare services. Telehealth is the use of electronic data and telecommunications technology to promote long-distance medical healthcare services, patient and professional health education, public health, and health management. Technologies comprise streaming media, teleconferencing, the Web, store-and-forward imaging, and terrestrial and wireless communications.

View More Reports Related To The Telehealth Market –
Telemedicine Services Global Market Report 2023
Digital Health Global Market Report 2023
Connected Health And Wellness Solutions Global Market Report 2023

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