Telehealth Industry By Type Analysis is Anticipated to Reach US$ 20 Bn by 2026
Telehealth Industry to Witness Steady Growth Based on Rising Pharmaceutical Products Sale Through Electronic Media Till 2026 | Acumen Research™
Telehealth Industry is likely to reach US$ 20 billion by 2026 with a CAGR of 13% during the prediction period.
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Factors attributed to the growth of the global telehealth market are increasing number of patient suffering from chronic diseases, increase in number of geriatric population and inclination towards home healthcare. Rapid urbanization in developing countries, high penetration of mobile phones and introduction of various apps based services are some other factors expected to support the growth of the target market. Technological advancement in healthcare products & services and introduction of advanced products has fuelled the growth of global market. However, lack of regulatory scenario and favorable policies in developing countries is expected to limit the adoption of these services thus hampering growth of global telehealth market.
North America held the largest share of the global telehealth market in 2018 and is anticipated to hold its share during the forecast period. This can be attributed to the high adoption of advanced technology, supportive government initiatives to enhance the usage of technology in the healthcare field, and easy access to refined medical services. The availability of a large number of service providers is another key reason to propel the market growth. However, Asia Pacific is anticipated to grow at the fastest rate during the forecast period due to increasing adoption of IT services in healthcare as a result of government initiatives. Furthermore, increasing healthcare expenditure and the development of well-equipped hospitals & clinics are some of the other factors to propel the market growth.
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Based on the component, the market has been divided into products and services. In 2018, the services segment accounted for the largest share of the market and is expected to maintain its dominance during the forecast period. Technological advancement and growing penetration in remote areas as well are the key factors for the dominance of telehealth services across the world. The introduction of various products by major market players in recent years is expected to observe a significant growth in the market.
Based on the application, the telehealth market has been segmented into telemedicine, continuous medical education, patient monitoring, and others. Telemedicine accounted for the largest share of the market in 2018 and is anticipated to hold its share during the forecast period. Patient monitoring is expected to observe the significant growth during the forecast period due to increasing awareness about telehealth services to monitor the patient's health and rising geriatric population.
Based on the end-user, the market has been segmented into healthcare facilities, patients, and payers. In 2018, healthcare facilities accounted for the largest share of the market. This can be attributed to the presence of well-equipped hospital and the high adoption of technology in hospitals settings across the world.
Major players operating in the telehealth market in 2018 are Teladoc Health; Doctor On Demand; American Well; GlobalMed; InTouch Technologies, Inc.; Dictum Health, Inc.; Encounter Telehealth; MDLIVE Inc.; SnapMD, Inc.; and HelloMD. The maximum share accounted by the Teledoc Health, Doctor On Demand, and American Well in 2018. This can be attributed to its huge number of online consultations and a large number of the client base.
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Some of the key observations regarding the telehealth industry include:
- In November 2019, American Well acquired Aligned Telehealth to expand its telepsychiatry and behavioral health services. This acquisition helped American Well to become one of the largest enterprise telepsychiatry platforms present in the U.S.
- In June 2019, American Well has signed a partnerships agreement with Cisco Systems to deliver virtual care through television for seniors.
- In April 2019, AdvantiaHealth acquired Pacify, a telehealth company that provides perinatal care for expectant and new moms and parents. The combined entity enables to provide on-demand 24/7 virtual care to new moms through the Pacify platform.
- In April 2019, Doctor on Demand expanded its presence in virtual primary care with health insurer Humana across the U.S. The telemedicine company initially started with an urgent care platform and currently broadens its reach to 24/7 virtual presence for preventive, primary, and chronic care.
- In June 2018, Teledoc acquired Advance Medical, a global virtual care provider, to strengthen and expand international footprint. With the acquisition of Advance Medical, Teladoc builds its successful track record of integrating companies with complementary capabilities and access to new geographical markets.
- In April 2018, American Well acquired Avizia to expand its presence in acute care services. Through this acquisition, American Well received access to Avizia'scustom software workflows and hospital-based cart lineup for more than 40 clinical specialties, such as telebehavioral health services and telestroke.
- In April 2018, InTouch Health acquired REACH Health, a telemedicine software company. Through the acquisition, InTouch Health enhanced its market share due to strong partnerships of REACH Health with various health systems and hospitals.
Market Segmentation
Market by Type:
- Product
- Service
Market by Application:
- Radiology
- Cardiology
- Urgent Care
- Remote ICU
- Psychiatry
- Dermatology
Market by End Use
- Healthcare Facilities
- Homecare
- Others
Market By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
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TABLE OF CONTENT
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Telehealth
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Telehealth Market By Type
1.2.2.1. Global Telehealth Market Revenue and Growth Rate Comparison By Type (2015-2026)
1.2.2.2. Global Telehealth Market Revenue Share By Type in 2018
1.2.2.3. Product
1.2.2.4. Service
1.2.3. Telehealth Market By Application
1.2.3.1. Global Telehealth Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.3.1. Radiology
1.2.3.2. Cardiology
1.2.3.3. Urgent Care
1.2.3.4. Remote ICU
1.2.3.5. Psychiatry
1.2.3.6. Dermatology
1.2.4. Telehealth Market By End Use
1.2.4.1. Global Telehealth Market Revenue and Growth Rate Comparison By End Use (2015-2026)
1.2.4.2. Healthcare Facilities
1.2.4.3. Homecare
1.2.4.4. Others
1.2.5. Telehealth Market By Geography
1.2.5.1. Global Telehealth Market Revenue and Growth Rate Comparison By Geography (2015-2026)
1.2.5.2. North America Telehealth Market Revenue and Growth Rate (2015-2026)
1.2.5.3. Europe Telehealth Market Revenue and Growth Rate (2015-2026)
1.2.5.4. Asia-Pacific Telehealth Market Revenue and Growth Rate (2015-2026)
1.2.5.5. Latin America Telehealth Market Revenue and Growth Rate (2015-2026)
1.2.5.6. Middle East and Africa (MEA) Telehealth Market Revenue and Growth Rate (2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Telehealth Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Telehealth Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Telehealth Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Telehealth Major Manufacturers in 2018
CHAPTER 4. TELEHEALTH MARKET BY TYPE
4.1. Global Telehealth Revenue By Type
4.2. Product
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Service
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. TELEHEALTH MARKET BY APPLICATION
5.1. Global Telehealth Revenue By Application
5.2. Radiology
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Cardiology
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Urgent Care
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Remote ICU
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.6. Psychiatry
5.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.7. Dermatology
5.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. TELEHEALTH MARKET BY END USE
6.1. Global Telehealth Revenue By End Use
6.2. Healthcare Facilities
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Homecare
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Others
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. NORTH AMERICA TELEHEALTH MARKET BY COUNTRY
7.1. North America Telehealth Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2. North America Telehealth Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Telehealth Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.3.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
7.4.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
CHAPTER 8. EUROPE TELEHEALTH MARKET BY COUNTRY
8.1. Europe Telehealth Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. Europe Telehealth Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.5.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.6.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
8.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.7.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
CHAPTER 9. ASIA-PACIFIC TELEHEALTH MARKET BY COUNTRY
9.1. Asia-Pacific Telehealth Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Asia-Pacific Telehealth Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
9.8.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.8.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
CHAPTER 10. LATIN AMERICA TELEHEALTH MARKET BY COUNTRY
10.1. Latin America Telehealth Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Latin America Telehealth Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
10.4. Mexico
10.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
CHAPTER 11. MIDDLE EAST & AFRICA TELEHEALTH MARKET BY COUNTRY
11.1. Middle East & AFRICA Telehealth Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Middle East & AFRICA Telehealth Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. GCC
11.3.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
11.4. South Africa
11.4.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
11.5. Rest of Middle East & AFRICA
11.5.1. Market Revenue and Forecast By Type, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By End Use, 2015 - 2026 ($Million)
CHAPTER 12. COMPANY PROFILE
12.1. American Well
12.1.1. Company Snapshot
12.1.2. Overview
12.1.3. Financial Overview
12.1.4. Type Portfolio
12.1.5. Key Developments
12.1.6. Strategies
12.2. GlobalMed
12.2.1. Company Snapshot
12.2.2. Overview
12.2.3. Financial Overview
12.2.4. Type Portfolio
12.2.5. Key Developments
12.2.6. Strategies
12.3. Teladoc Health, Inc.
12.3.1. Company Snapshot
12.3.2. Overview
12.3.3. Financial Overview
12.3.4. Type Portfolio
12.3.5. Key Developments
12.3.6. Strategies
12.4. Dictum Health, Inc., LLC
12.4.1. Company Snapshot
12.4.2. Overview
12.4.3. Financial Overview
12.4.4. Type Portfolio
12.4.5. Key Developments
12.4.6. Strategies
12.5. InTouch Technologies, Inc.
12.5.1. Company Snapshot
12.5.2. Overview
12.5.3. Financial Overview
12.5.4. Type Portfolio
12.5.5. Key Developments
12.5.6. Strategies
12.6. Doctor On Demand, Inc.
12.6.1. Company Snapshot
12.6.2. Overview
12.6.3. Financial Overview
12.6.4. Type Portfolio
12.6.5. Key Developments
12.6.6. Strategies
12.7. MDLIVE Inc.
12.7.1. Company Snapshot
12.7.2. Overview
12.7.3. Financial Overview
12.7.4. Type Portfolio
12.7.5. Key Developments
12.7.6. Strategies
12.8. Encounter Telehealth
12.8.1. Company Snapshot
12.8.2. Overview
12.8.3. Financial Overview
12.8.4. Type Portfolio
12.8.5. Key Developments
12.8.6. Strategies
12.9. HelloMD
12.9.1. Company Snapshot
12.9.2. Overview
12.9.3. Financial Overview
12.9.4. Type Portfolio
12.9.5. Key Developments
12.9.6. Strategies
12.10. SnapMD, Inc.
12.10.1. Company Snapshot
12.10.2. Overview
12.10.3. Financial Overview
12.10.4. Type Portfolio
12.10.5. Key Developments
12.10.6. Strategies
12.11. Others
12.11.1. Company Snapshot
12.11.2. Overview
12.11.3. Financial Overview
12.11.4. Type Portfolio
12.11.5. Key Developments
12.11.6. Strategies
CHAPTER 13. RESEARCH APPROACH
13.1. Research Methodology
13.1.1. Initial Data Search
13.1.2. Secondary Research
13.1.3. Primary Research
13.2. Assumptions and Scope
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