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Major Force in the Telehealth Software Market 2025: The Telehealth Software Market Surge Driven by Escalating Chronic Disease Prevalence
Telehealth Software Market Research
The market size for telehealth software has witnessed a swift expansion in the last few years. It is forecasted to rise from $9.52 billion in 2024 to $11.29 billion in 2025, bearing a compound annual growth rate (CAGR) of 18.7%. The surge observed in the past can be credited to the increasing occurrence of chronic illnesses, heightened awareness and acceptance of telehealth among consumers, enhanced utilization of telehealth due to chronic diseases, the aging demographic, and the growing demand for remote patient monitoring solutions.
In the upcoming years, the telehealth software market is anticipated to experience a substantial surge, reaching a value of $22.11 billion in 2029, with a compound annual growth rate (CAGR) of 18.3%. This predicted growth during the forecast period is largely due to increasing attention towards telehealth interoperability, a growing need for remote healthcare services, and a rise in the adoption of telemedicine platforms. Key trends expected during this period include advances in telecommunication technology, development of healthcare infrastructure in remote areas, the inclusion of AI and machine learning in telehealth, incorporation of telehealth into electronic health records (EHR) systems, and the growth of telehealth services in developing nations.
What Key Elements Are Boosting Growth in the Telehealth Software Market?
The escalating occurrence of chronic illnesses is anticipated to spur the expansion of the telehealth software market. These chronic illnesses, characterized by enduring conditions marked by constant or recurring symptoms, usually necessitate constant care and treatment. Spawned by factors such as aging demographics, tobacco and alcohol consumption, and inadequate health care accessibility, chronic diseases are on the rise. Telehealth software plays a vital role in managing chronic illness by providing patients remote access to medical services, eliminating the necessity for physical appointments. This remote access facilities earlier detection, ongoing care, and patient autonomy, ultimately leading to improved management and outcomes for those suffering from chronic conditions. For example, in September 2022, as stated by the World Health Organization, a specialized agency of the United Nations based in Switzerland, annual global deaths reached 41 million, and 74% of those fatalities were due to non-communicable diseases (NCDs) or chronic illnesses. These included 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. Moreover, still as per the World Health Organization, in September 2023, the figures remained the same, with global deaths totalling 41 million annually, 74% of which stem from NCDs or chronic diseases. Hence, the ongoing surge in chronic disease prevalence is fueling the growth of the telehealth software market.
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Who Are the Major Industry Players Fueling Telehealth Software Market Expansion?
Major companies operating in the telehealth software market are Cisco Systems Inc., Oracle Corporation, Honeywell International Inc., Medtronic Inc., Advanced Micro Devices Inc., Koninklijke Philips N.V., Resideo Technologies Inc., Cerner Corporation, Zoom Video Communications Inc., Teladoc Health Inc., Masimo Corporation, OSI Systems Inc., Allscripts Healthcare LLC, A&D Company Limited, BioTelemetry, American Well Corporation, Vocera Communications Inc., Care Innovations LLC, Zocdoc Inc., CureMD Healthcare, Chiron Technology Services Inc., GlobalMedia Group LLC, PatientSafe Solutions Inc., Biotricity Inc., Updox LLC, Capsule Technologies Inc., Aerotel Medical Systems Ltd.
Which Key Developments Are Influencing the Telehealth Software Market?
Prominent companies in the telehealth software market are focusing on creating innovative solutions, such as single-interface cloud-based solutions, to strengthen their market position. A single-interface cloud-based solution constitutes integrated platforms that deliver a wide range of telehealth services through a unified user interface. For example, GoMeyra, a cloud software company based in the US, introduced the GoVirtual Clinic in June 2022. This novel telehealth platform and single-interface cloud-based solution enable medical labs, doctors, or nurses to conduct medical examinations and consult with patients via a secure remote platform. GoVirtual Clinic serves as a futuristic platform outfitting healthcare professionals with a suite of options for hosting virtual patient consultations while managing patient care and related electronic health data. The platform's recently launched first phase includes features for efficiently scheduling and handling virtual testing appointments, ordering testing kits, overseeing online waiting areas, implementing virtual consultations, and communicating test results to patients instantaneously.
How Is the Segmentation of the Telehealth Software Market Defined?
The telehealth software market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment: Cloud-Based, On-Premises
3) By End User: Healthcare Providers, Healthcare Payers And Patients
Subsegments:
1) By Software: Telemedicine Software, Remote Patient Monitoring Software, Video Conferencing Software, Electronic Health Record (EHR) Integration Software, Clinical Decision Support Software, mHealth Applications, Patient Portals, Appointment Scheduling Software
2) By Services: Telehealth Consulting Services, Telehealth Integration Services, Managed Services, Training And Support Services, Maintenance Services
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What Is the Leading Region in the Telehealth Software Market?
North America was the largest region in the telehealth software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the telehealth software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Telehealth Software Global Market Report?
- Market Size Analysis: Analyze the Telehealth Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Telehealth Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Telehealth Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Telehealth Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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