PUBLISHER: The Business Research Company | PRODUCT CODE: 1769769
PUBLISHER: The Business Research Company | PRODUCT CODE: 1769769
Telehealth encompasses the extensive application of digital communication technologies to deliver healthcare services, including remote patient monitoring, virtual consultations, and health education. Telemedicine, a subset of telehealth, is specifically focused on the remote provision of clinical healthcare services, such as diagnoses and consultations via phone or video. Both telehealth and telemedicine aim to increase healthcare accessibility, enhance patient outcomes, and ensure the timely delivery of medical care through digital communication platforms, especially for individuals in remote or underserved regions.
The core elements of telehealth and telemedicine include hardware, software, and services. Hardware in this context refers to the physical tools and devices used to support remote healthcare delivery, such as video conferencing equipment, monitoring instruments, and communication systems. These solutions can be deployed via cloud-based, on-premise, or web-based platforms. Their applications span across teleconsultation, tele intensive care units (TeleICU), telestroke, teleradiology, telepsychiatry, and teledermatology. The primary users of these technologies include healthcare professionals, patients, insurance providers, employers, and other stakeholders.
The telehealth and telemedicine market research report is one of a series of new reports from The Business Research Company that provides telehealth and telemedicine market statistics, including the telehealth and telemedicine industry global market size, regional shares, competitors with the telehealth and telemedicine market share, detailed telehealth and telemedicine market segments, market trends, and opportunities, and any further data you may need to thrive in the telehealth and telemedicine industry. This telehealth and telemedicine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The telehealth and telemedicine market size has grown exponentially in recent years. It will grow from $125.89 billion in 2024 to $152.44 billion in 2025 at a compound annual growth rate (CAGR) of 21.1%. The growth observed during the historical period is largely due to the increasing strain on limited healthcare resources, the escalation of healthcare expenses, the rising incidence of chronic illnesses, broader access to smartphones and the internet, and improvements in broadband connectivity.
The telehealth and telemedicine market size is expected to see exponential growth in the next few years. It will grow to $324.94 billion in 2029 at a compound annual growth rate (CAGR) of 20.8%. Factors contributing to this projected growth include the aging global demographic, a rise in chronic disease rates, advancements in 5G and IoT infrastructure, increasing patient familiarity with digital solutions, and supportive government initiatives. Key trends anticipated during the forecast period are the incorporation of artificial intelligence (AI) and machine learning, the widespread use of remote patient monitoring, enhanced video conferencing capabilities, blockchain integration for secure data handling, and the proliferation of cloud-based healthcare platforms.
The growing penetration of smartphones is anticipated to drive the expansion of the telehealth and telemedicine market. Smartphone penetration refers to the proportion of the population that owns and regularly uses smartphones, indicating the broad integration of mobile technology into daily routines. This rise in smartphone usage is largely attributed to increased affordability and wider accessibility, enabling more consumers to own these devices. Smartphones facilitate telehealth and telemedicine by offering convenient access to healthcare services remotely, supporting real-time consultations, health monitoring, and medical advice. This significantly enhances the accessibility and convenience of healthcare, especially for individuals in remote locations or those with mobility challenges. For example, in October 2023, the GSM Association, a UK-based non-profit organization, reported that nearly 4.3 billion people-53% of the global population-were using smartphones to access the internet. Additionally, approximately 80% of mobile internet users were utilizing 4G or 5G smartphones, marking an increase of 330 million users from 2022 to 2023. Consequently, the rising smartphone penetration is contributing significantly to the growth of the telehealth and telemedicine market.
Companies in the telehealth and telemedicine market are increasingly focusing on the development of advanced digital solutions, such as online platforms, to improve virtual healthcare delivery, enhance patient-provider communication, and broaden remote access to healthcare services. In the context of telehealth and telemedicine, an online platform serves as a digital interface that facilitates remote connections between patients and healthcare providers for consultations, diagnoses, treatments, and health monitoring through the internet. For instance, in August 2024, Pfizer Inc., a U.S.-based biopharmaceutical company, introduced PfizerForAll-a free online digital health platform that links patients with telehealth providers, supports prescription medication delivery, and assists with scheduling vaccinations and diagnostic tests.
In October 2024, LetsGetChecked, an at-home diagnostics company based in Ireland, acquired Truepill for $525 million. This acquisition allows LetsGetChecked to integrate Truepill's digital pharmacy and telehealth services, forming a comprehensive, patient-centered platform offering at-home diagnostics, virtual consultations, and medication delivery-all accessible from the comfort of home. Truepill is a U.S.-based digital health company that specializes in telehealth and telemedicine services.
Major players in the telehealth and telemedicine market are Cisco Systems Inc., Oracle Corporation, Medtronic plc, Koninklijke Philips N.V., Teladoc Health Inc., Monogram Health Inc., Jabra Hearing, GoodRx Holdings Inc., Doximity Inc., Modernizing Medicine Inc., Doctor On Demand Inc., MDLIVE Inc., Azalea Health Innovations Inc., Stealth Agents LLC, Sesame Inc., Apollo TeleHealth Services, TytoCare Ltd., Azova Inc., Push Doctor Ltd., Avel eCare LLC, CureCompanion Inc., CareClix Inc., and Curve Health Inc.
North America was the largest region in the telehealth and telemedicine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in telehealth and telemedicine report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the telehealth and telemedicine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The telehealth and telemedicine market consists of revenues earned by entities by providing services such as remote clinical services, consultations, monitoring, and healthcare support through digital communication technologies. The market value includes the value of related goods sold by the service provider or included within the service offering. The telehealth and telemedicine market also includes sales of high-resolution webcams, microphones, and speakers. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Telehealth And Telemedicine Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on telehealth and telemedicine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for telehealth and telemedicine ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The telehealth and telemedicine market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.