openPR Logo
Press release

Telehealth Market Size to Reach USD 41.5 Billion, Globally, by 2027 at 22.2% CAGR

12-23-2022 09:46 AM CET | Health & Medicine

Press release from: IMARC Group

Telehealth Market Size to Reach USD 41.5 Billion, Globally,

According to IMARC Group's latest report, titled "Telehealth Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," Offers a comprehensive analysis of the industry, which comprises insights on global telehealth market

The global telehealth market reached a value of US$ 12.5 Billion in 2021. Telehealth refers to the delivery of health-related services and information via digital communication technologies. It encompasses several medical disciplines, including dentistry, psychological counseling, physical and occupational therapy, and chronic disease monitoring and management. It facilitates two-way interaction between the provider and patient through telephone, e-mail, video chats or conferences, and various mobile health (mHealth) applications. It supports remote patient monitoring (RPM) by mobile communication devices, such as cell phones, tablets, personal computers (PCs), and laptops. In addition, it helps in keeping track of personal health information, calculating and tracking calories, scheduling reminders for medicines, and recording the physical activity of the patient. Telehealth also reduces strain on the healthcare system as it allows easy and online downloading of imaging and medical reports, such as X-rays, magnetic resonance imaging (MRI), and ultrasound scans.

Request Free Sample Report: https://www.imarcgroup.com/telehealth-market/requestsample

Market Trends

At present, the growing geriatric population and the increasing prevalence of various chronic diseases across the globe are among the primary factors positively influencing the market. Additionally, shifting preferences towards convenient healthcare services and the escalating demand for home monitoring services are strengthening the growth of the market worldwide. Besides this, the incorporation of artificial intelligence (AI) based language processing, chatbots, and voice recognition in mHealth applications to provide a personalized experience to patients is creating a favorable market outlook. AI and machine learning (ML) algorithms are used to analyze patient symptoms, evaluate medical records of the patient, and predict future health risks, which further assists in providing real-time insights to doctors during consultations. This, in confluence with the rising penetration of the high-speed internet connectivity and increasing sales of mobile devices, is fueling the growth of the market. Additionally, the development of user-friendly monitoring devices, such as smartwatches and fitness bands, to keep a regular check on various health parameters, including blood pressure, blood glucose levels, sleep patterns, weight fluctuations, and chronic pain in the body, is strengthening the market growth. In addition, continuous financing in research and development (R&D) activities for improving data security and management of telehealth systems and strengthening patient and provider privacy and trust are bolstering the market growth. Moreover, the increasing adoption of telehealth systems in the field of radiology and cardiology for the treatment of numerous health problems that require continual supervision is contributing to the market growth. Other factors, such as the shortage of healthcare professionals and the growing awareness about the benefits of telehealth, are driving the market. Looking forward, IMARC Group expects the market to reach US$ 41.5 Billion by 2027, exhibiting at a CAGR of 22.2% during 2022-2027.

Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/telehealth-market

List of Key Companies Covered in this Market Report:

Aerotel Medical Systems
Allscripts Healthcare LLC
AMD Global Telemedicine Inc.
American Well Corporation
Biotelemetry Inc.
Cerner Corporation
Cisco Systems Inc.
GE Healthcare Inc. (General Electric),
Honeywell Life Care Solutions
Medtronic Inc.
Philips Healthcare
Teladoc Health Inc.

The report has segmented on the basis of component, communication technology, hosting type, application, end-user and geography

Breakup by Component:

Software
Hardware
Services

Breakup by Communication Technology:

Video Conferencing
mHealth Solutions
Others

Breakup by Hosting Type:

Cloud-Based and Web-based
On-Premises

Breakup by Application:

Teleconsultation and Telementoring
Medical Education and Training
Teleradiology
Telecardiology
Tele-ICU
Tele-Psychiatry
Tele-Dermatology
Others

Breakup by End-User:

Providers
Patients
Payers
Others

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Related Report by IMARC Group:

Remote Patient Monitoring Market Report: https://www.imarcgroup.com/remote-patient-monitorning-market

Steam Autoclaves Market Report: https://www.imarcgroup.com/steam-autoclaves-market

Hospital Information System Market Report: https://www.imarcgroup.com/hospital-information-system-market

Capnography Devices Market Report: https://www.imarcgroup.com/capnography-devices-market

Intracranial Pressure Monitoring Market Report: https://www.imarcgroup.com/intracranial-pressure-monitoring-market

Vital Signs Monitoring Devices Market Report: https://www.imarcgroup.com/vital-signs-monitoring-devices-market

Positron Emission Tomography Market Report: https://www.imarcgroup.com/positron-emission-tomography-market

Contact US

IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Telehealth Market Size to Reach USD 41.5 Billion, Globally, by 2027 at 22.2% CAGR here

News-ID: 2860957 • Views:

More Releases from IMARC Group

Automotive Control Cables Manufacturing Plant Setup Report 2025: Machinery, Raw Materials and Investment Insights
Automotive Control Cables Manufacturing Plant Setup Report 2025: Machinery, Raw …
Automotive control cables are essential components used to transmit mechanical force in vehicles, enabling the smooth operation of various systems such as brakes, clutches, accelerators, gear shifts, and seating mechanisms. These cables are designed for durability, flexibility, and high performance under diverse driving conditions. Their demand is directly linked to the growth of the automotive industry, aftermarket sales, and increasing consumer preference for enhanced driving comfort and safety. Setting up an
Halal Cosmetics Market Size, Trends, Key Players, Opportunity and Forecast 2025-2033
Halal Cosmetics Market Size, Trends, Key Players, Opportunity and Forecast 2025- …
IMARC Group, a leading market research company, has recently released a report titled "Halal Cosmetics Market Size, Share, Trends and Forecast by Type, Distribution Channel, and Region, 2025-2033." The study provides a detailed analysis of the industry, including the global halal cosmetics market size, trends, share and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market. Halal Cosmetics Market Highlights: • Halal Cosmetics Market
Comprehensive Castor Oil Processing Plant Project Report 2025: Setup Guide, Economics and Profitability Outlook
Comprehensive Castor Oil Processing Plant Project Report 2025: Setup Guide, Econ …
Castor oil is a versatile vegetable oil extracted from the seeds of the Ricinus communis plant. It is widely used in pharmaceuticals, cosmetics, food processing, lubricants, paints, coatings, and biodiesel production owing to its unique chemical properties, including high ricinoleic acid content. Castor oil derivatives also serve as key raw materials in the polymer, chemical, and industrial sectors. Establishing a castor oil processing plant involves steps such as seed cleaning, dehulling,
Honey Processing Plant Report 2025: Capital Investment, Operating Expenses and Market Opportunities
Honey Processing Plant Report 2025: Capital Investment, Operating Expenses and M …
Honey is a natural sweetener produced by honeybees and is valued for its nutritional, medicinal, and industrial applications. It contains antioxidants, enzymes, vitamins, and minerals that make it a popular ingredient in food and beverages, pharmaceuticals, cosmetics, and personal care products. Processed honey is widely consumed as a sweetener, used in bakery and confectionery items, beverages, dietary supplements, and skincare formulations. Setting up a honey processing plant involves operations such as

All 5 Releases


More Releases for Tel

Power & Tel Announces Retirement of Dale Stevenson
Image: https://www.getnews.info/wp-content/uploads/2024/04/1713976563.png Piperton, TN - April 24, 2024 - Power & Tel, a prominent provider of communications infrastructure solutions, announces the planned retirement of Dale Stevenson after 42 years of service, the last 10 in the role of President. Dale has been an essential part of the 60-year story of Power & Tel. Jennifer Sims, CEO, expressed her gratitude for Dale's remarkable contributions, saying, "Dale's impact on Power & Tel cannot be
Storage Test Machine Market Factors Benefiting New Entrants | Teradyne, Advantes …
The global Storage Test Machine market is thoroughly researched in this report, noting important aspects like market competition, global and regional growth, market segmentation, and market structure. Our team of analysts has employed the latest research tools and techniques to estimate the size of the Storage Test Machine market in terms of both value and volume. Furthermore, this report includes detailed estimates for market share, revenue, production, consumption, gross profit
OTS Attending Dealmakers Summit 2012 at Hilton Tel Aviv, Israel
Gurgaon, India - OTS Solutions (“OTS”) today announced that they will be attending Israel Dealmakers Summit 2012 at Hilton Tel Aviv, Israel from 20th February to 21st February, 2012. Gaurav Sethi, Manager Business Development of OTS Solutions, will be attending the event on behalf of the company and will be meeting the potential clients, prospects to grow the business and help the companies into their IT needs. We are hoping that
The Association for Tourism Tel Aviv – Jaffa Has Escalated the Connotation of …
Tel Aviv Israel, 17th December 2010 – Tel Aviv Travel and Tourism is gaining worldwide popularity thanks to the The Association for Tourism Tel Aviv – Jaffa which is essentially a foremost Municipal Company. It is owned by the Tel Aviv Jaffa Municipality. The principal aim of this body is to sustain and escalate this white city’s beautiful depiction with all round development and enhance domestic as well as foreign
Tel-Domains: Great Opportunities for "gold digger"
With less than some days until the start of the .tel Landrush, Telnic Limited, the registry operator for the new tel-domains, announced today that it will not be holding any auctions for high value or premium domain names nor is it withholding any tel-domains from the Landrush, with the exception of a few names on a "reserved list" as required by ICANN and as needed for registry operations. “People
TEL electronics, inc. Launches New Website
TEL electronics, inc. is proud to announce the launch of its new website, tel-electronics.com. Interested customers can now watch presentations, browse support manuals, view product brochures, screenshots, and specifications, and learn more about how call accounting can help their specific industry. Online presentations, such as “Cutting Telecom Costs”, explain how the WIN-SENSE 32 can help businesses lower expenses by decreasing phone abuse, eliminating toll fraud, optimizing phone system performance, and