Data on the Telehealth Market

Goals

To provide data on the growing telehealth market, i.e.
  • size of current global market (revenue, value creation) - broken down into regions
  • projections for the global market, e.g. how much will it grow next 3-5 years
  • how do you decompose / breakdown the telehealth market

Early Findings

Size of Current Global Market (Revenue, Value Creation) - Broken Down into Regions

  • The global market for telehealth is estimated to be USD 25.4 billion in 2020.
  • North American Market - estimated $15.2 billion
  • Europe - estimated $5.1 billion
  • Asia - estimated $3.6 billion
  • Rest of the world - estimated $1.5 billion

Projections for the Growth of the Global Market

  • The global market is projected to reach USD 55.6 billion by 2025 from USD 25.4 billion in 2020, at a CAGR of 16.9% during the forecast period.


Breakdown of the Telehealth Market

  • By component, the software & services segment accounted for the largest share of the telehealth market in 2019. The components of the telehealth market are software & services, and hardware segments.
  • By application, the teleradiology segment accounted for the largest market share in 2019. The telehealth market by application is segmented into teleradiology, tele-ICU, tele-stroke, teleconsultation, telepsychiatry, teledermatology and other applications.
  • By end-user, the provider segment will witness the highest growth during 2020-2025. The global telehealth market is broadly segmented by end-user into providers, payers, patients and other end users. The provider segment accounted for the largest share of the global telehealth market in 2019.
  • By mode of delivery, the telehealth market can be broken into cloud-based and on-premise.

Proposed next steps:

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