PUBLISHER: Grand View Research | PRODUCT CODE: 1750682
PUBLISHER: Grand View Research | PRODUCT CODE: 1750682
Tele-consulting Services Market Summary
The global tele-consulting services market size was valued at USD 31.13 billion in 2024 and is projected to reach USD 86.63 billion, growing at a CAGR of 18.18% from 2025 to 2030. The healthcare industry exhibits high growth potential for the IT industry due to supportive government initiatives across all regions.
The growing trend of preventive healthcare & the rise in funding for mHealth startups are other factors boosting the market. In India, the National Telemedicine Service, "eSanjeevani ," a digital health initiative by the Ministry of Health, offers two modes of teleconsultation: Patient-to-Doctor (eSanjeevani OPD) and Doctor-to-Doctor (eSanjeevani). This service has successfully facilitated over 100 million teleconsultations.
Teleconsulting services are rapidly expanding, particularly in cardiology, behavioral health, radiology, and online consultations. This growth is fueled by a surge in startup funding and the introduction of new solutions and services, especially those designed for virtual consultations. For instance, in March 2023, Royal Philips introduced Philips Virtual Care Management. It includes flexible solutions and services that help various healthcare stakeholders effectively engage with patients, including health systems, payers, providers, and employer groups.
The demand for remote healthcare services has surged in recent years, driven by technological advancements, increased accessibility, and the need to address healthcare challenges such as cost, access, and chronic disease management. Remote healthcare encompasses teleconsultation services, telemedicine, remote monitoring, virtual consultations, and wearable health technologies, revolutionizing healthcare delivery.
Remote healthcare became critical during the COVID-19 pandemic. In the U.S., telehealth consultations surged from less than 0.01% of visits pre-pandemic to nearly 70% by April 2020, stabilizing to 21% by July 2020. Backed by Google, companies such as Amwell thrived, raising USD 742 million in a 2020 IPO and delivering half of its 5.6 million consultations between April and September. Teladoc's stock increased 150% in 2020. Similarly, Grand Rounds leveraged AI to connect patients with specialists, reducing costs and becoming a key care coordinator for major employers such as Walmart.
Global Tele-Consulting Services Market Segmentation
This report forecasts revenue growth at global, regional, & country levels and provides an analysis of industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research, Inc. has segmented the global tele-consulting services market report based on application, modality, payment model, delivery model, facility, end use, and region: