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The telehealth market size is projected to grow from USD 142.96 billion in 2023 to USD 504.24 billion by 2030. As per a report by Fortune Business Insights™ titled, “Telehealth Market Size, Share & COVID-19 Impact Analysis, By Type (Products and Services), By Application (Telemedicine, Patient Monitoring, Continuous Medical Education, and Others), By Modality (Real-time (Synchronous), Store-and-forward (Asynchronous), and Remote Patient Monitoring), By End-user (Hospital Facilities, Homecare, and Others), and Regional Forecast, 2023-2030”, the market stood at USD 128.12 billion in 2022. It is set to exhibit a CAGR of 19.7% during 2023-2030.
COVID-19 Pandemic has Increased the Demand for Telehealth Usage
Due to the rapid spread of the COVID-19 pandemic, the world was brought to a standstill. The world experienced pressure, especially on healthcare professionals and hospitals, due to this pandemic. During the pandemic, as stringent restrictions were imposed on people’s movement, virtual consultations increased by many folds during the COVID-19 pandemic.
Growing Healthcare Cost to Foster Market Growth
Due to increase in geriatric population and the rising prevalence of chronic diseases, there is need for technology-driven platforms that also can deliver quality healthcare and reduce cost burden. As telehealth successfully satisfies all the requirements, there is rising demand for its deployment.
DexCom Inc. and Teladoc Health, Inc. Declared their Collaboration to Drive the Market
Teladoc Health, Inc. and DexCom Inc. announced bringing new CGM-powered insights, a set of features and reports to assist members more easily visualize their health information. Combining DeXcom CGM data with CGM-powered insights offers members an inclusive health profile and recommendations that support ongoing diabetes management.
To get a detailed report summary and research scope of this market, click here:
https://www.fortunebusinessinsights.com/industry-reports/telehealth-market-101065
Competitive Landscape:
Massive Client Base to Help Teledoc Health to Hold the Largest Position
Teledoc, in terms of revenues held the top position, which can be credited to the massive client base of the company and the growing numerous virtual visits and paid partnerships. Teledoc is recording a notable rise in the number of teleconsultations due to favorable health reimbursement and the COVID-19 pandemic crisis.
Notable Industry Development:
List of the Companies Profiled in the Report:
Further Report Findings:
Table of Segmentation:
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 19.7% from 2023-2030 |
Unit | Value (USD billion) |
Segmentation | By Type, Application, Modality, End-user, and Geography |
By Type |
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By Application |
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By Modality |
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By End-user |
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By Geography |
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