Executive Summary
Market Performance
The Global telehealth market is expected to grow at CAGR of 24.03% from 2020-25. With the outbreak of virus and the restrictions imposed on movement in many parts of the world have prompted governments to recognize the potential of telehealth and, seemingly overnight, amend laws and regulations to allow healthcare providers to deploy telehealth solutions. Several governments in developing countries are working on projects to ensure healthcare delivery in rural and remote areas. Governments are concentrating their efforts on the development of virtual care platforms for the deployment of telemedicine technology. As a result, increased government initiatives are expected to drive market growth.
The United States has the world's largest share of telehealth, country adopted the method prior to the outbreak of the virus and maintaining a strong grip. Telehealth, on the other hand, has emerged as a critical enabler for healthcare sectors in emerging markets such as India, Vietnam, Indonesia, and China. Meanwhile, developed countries like Australia and Japan have reduced their reliance on telehealth. They are developing new digital healthcare models by utilising new software and tools.
Surging adoption of Mobile Health: The mobile healthcare market consists of connected medical devices, healthcare applications, and mobile technology that is related to healthcare. Connected devices currently dominate the market, accounting for approximately 85 % revenue contribution. The most common applications for mobile-enabled connected devices are cardiac monitoring and fitness tracking. Despite the fact that health app downloads contributed nearly 90% of the healthcare applications market, revenue contribution by these apps was insignificant.
Covid-19 Impact: The unexpected emergence of the global disaster has posed new challenge to the global economy and stifled the expansion of several industries and markets. Moreover, as people worried about contracting the virus from doctors and physicians, the demand for telehealth solutions increased during the pandemic. During the pandemic, online consultation has surged dramatically. According to Teladoc Health Inc., around 8 million to 9 million virtual consultations were recorded in 2020, which was more than double the number recorded in 2019.
Increasing Healthcare Cost - a driving factor: The global Healthcare expenditure are increasing. The biggest factor of increasing healthcare expenditure is surged utilization of healthcare service, which leads surged consumer demand for innovative and novel techniques, lifestyle factors, and so on. It is also attributed to the cost-shifting from government programmes to private payers. Reduced cost recovery rates have skyrocketed the cost-shifting load on hospitals and doctors, who in turn start charging much higher rates to private payers for the same facilities, affecting health insurance rates.
Scope of the Study
The following synopsis is based on the report "Global Telehealth Market- COVID-19 Impact and Outlook to 2027" published by Makreo Research and Consulting. The report delves deeply into various parameters such as market size, segmentation, value chain analysis, and industry cause and effect analysis. The study includes market dynamics that provide an understanding of industry opportunities, driving forces, major challenges impeding growth, and an analysis of future opportunities that may help market players capitalise on untapped business potential in the specific geography.
The report helps reader to gain information on following areas:
Table of Content
Report Synopsis
1. Research Methodology
Objective of the Study
Research Process
Data Collection Methods
Analytical Framework
2. Covid-19 & Impact Assessment
Worldwide COVID-19 Spread
Number of Active Cases
Impact of Covid-19 over Telehealth
3. Macro-Economic Factors
Macro-Economic Performance
Macro-Economic Factors: Population Facts
Macro-Economic Factors - Global Health Care Expenditure
Macro-Economic Factors – North America Health Care Expenditure
Macro-Economic Factors – Europe Health Care Expenditure
Macro-Economic Factors – Asia Pacific Health Care Expenditure
Macro-Economic Factors – North American Countries
Macro-Economic Factors – European Countries
4. Macro-Economic Factors – Asian Countries
Macro-Economic Factors - Global Households and Consumption Expenditure
Macro-Economic Factors – Availability of Hospital Beds
5. Global Telehealth - Market Dynamics
Global Telehealth Market Trends
Global Telehealth Market Challenges
6. Global Telehealth - Market Opportunity
Market Opportunity – Technological Innovations
Market Opportunity – Growing Chronic Diseases
Market Opportunity- Increasing Remote Patient Monitoring
Market Opportunity – Role of Government
Market Opportunity –Coronavirus and Emergence of 5G
Market Opportunity- New Entrants
Market Opportunity- Emergence of Telehealth Robots & Robotic Platforms
7. Global Telehealth Market & Forecast
Global Telehealth Market Structure
Global Telehealth Market Performance
Global Telehealth Market Analysis By Revenue
8. Global Telehealth Market: By Segmentation
Global Telehealth Market Segmentation- By Type
Global mHealth Market Revenue and Forecast
Availability of mHealth Apps
Global Telehealth Market Segmentation – By Component
Global Telehealth Market Segmentation by Services
Global Telehealth Market Segmentation - By Geography
9. Global Telehealth Market: By Geography
Global Telehealth Market by Geography: North America
Global Telehealth Market by Geography: Europe
Global Telehealth Market by Geography: Asia Pacific
Global Telehealth Market by Geographic: Middle East & Africa
10. Global Telehealth Industry: Competitive Landscape
Telehealth Market Share of Major Players
Mergers & Acquisitions
11. Global Telehealth Market - Company Profile
Company Profile – American Well
Company Profile – Teladoc Health Inc.
Company Profile – Grand Round Health Inc.
Company Profile – Dictum Health Inc.
Company Profile – Medtronic Plc.
Company Profile – Cerner Corporation
Company Profile – OpenTelehealth
Company Profile – MDLIVE Inc.
Company Profile - Others
Limitations of the Study
List of Figures & Tables