PUBLISHER: The Business Research Company | PRODUCT CODE: 1811046
PUBLISHER: The Business Research Company | PRODUCT CODE: 1811046
Telecare involves the remote provision of health and social care services using technologies such as sensors, emergency alert systems, and communication tools that monitor individuals in their homes. It aims to improve the safety, independence, and overall well-being of people with chronic conditions, disabilities, or age-related challenges by offering continuous monitoring and timely assistance without requiring constant face-to-face care.
The primary categories of telecare include activity monitoring and remote medication management. Activity monitoring uses digital systems equipped with sensors or wearable devices to continuously observe individuals' daily routines and behavior, helping detect irregularities or emergencies for timely response and improved safety. The technologies used in telecare can be either wearable or nonwearable and are utilized by various end users, including healthcare consumers, providers, and payers.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sudden escalation of U.S. tariffs and the consequent trade frictions in spring 2025 are severely impacting the healthcare sector, particularly in the supply of critical medical devices, diagnostic equipment, and pharmaceuticals. Hospitals and healthcare providers are facing higher costs for imported surgical instruments, imaging equipment, and consumables such as syringes and catheters, many of which have limited domestic alternatives. These increased costs are straining healthcare budgets, leading some providers to delay equipment upgrades or pass on expenses to patients. Additionally, tariffs on raw materials and components are disrupting the production of essential drugs and devices, causing supply chain bottlenecks. In response, the industry is diversifying sourcing strategies, boosting local manufacturing where possible, and advocating for tariff exemptions on life-saving medical products.
The telecare market research report is one of a series of new reports from The Business Research Company that provides telecare market statistics, including telecare industry global market size, regional shares, competitors with a telecare market share, detailed telecare market segments, market trends and opportunities, and any further data you may need to thrive in the telecare industry. This telecare market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The telecare market size has grown rapidly in recent years. It will grow from $5.93 billion in 2024 to $6.53 billion in 2025 at a compound annual growth rate (CAGR) of 10.1%. The growth during the historical period can be attributed to the expanding elderly population, a growing prevalence of chronic diseases, restricted healthcare access in rural regions, government-initiated pilot projects for remote care, and the initial uptake of personal emergency response systems.
The telecare market size is expected to see strong growth in the next few years. It will grow to $9.51 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The anticipated growth in the forecast period can be linked to increasing demand for aging-in-place solutions, the ongoing digital transformation of healthcare, the broadening of reimbursement frameworks, greater integration of telecare with primary healthcare services, and a growing need for real-time health monitoring. Key trends expected during this period include progress in remote monitoring technologies, ongoing innovation in wearable telecare devices, advancements in fall detection research and development, integration with smart home systems, and the rise of cloud-based telecare platforms.
The increasing use of remote healthcare services is expected to drive the growth of the telecare market. Remote healthcare services involve delivering medical care through telecommunication technologies, allowing patients to receive treatment without visiting healthcare facilities in person. This growth is largely fueled by the expanding geriatric population, as many elderly individuals prefer to age in place, leading to higher demand for continuous remote monitoring and support. Telecare facilitates remote healthcare by providing real-time monitoring, emergency response, and communication through connected devices, ensuring care can be delivered without physical contact. For example, in November 2023, USAFacts, a US-based nonprofit civic initiative, reported that telehealth visits among Medicare recipients increased dramatically from about 5 million in April 2021 to over 53 million in August 2022. Consequently, the rising adoption of remote healthcare services is boosting the telecare market.
Key players in the telecare market are emphasizing innovation through strategic partnerships to improve remote monitoring capabilities and broaden their service offerings, especially for elderly and chronic care needs. Strategic collaborations involve organizations pooling resources and expertise to develop advanced solutions, improve service delivery, and achieve shared objectives more effectively. For example, in December 2024, Skyresponse AB, a technology company from Sweden, partnered with OneCo Technologies AS, a Norway-based firm specializing in health technology, to deliver fully digital, cloud-based telecare solutions. These solutions aim to support independent living, care homes, institutions, and hospitals in both private and public sectors. The partnership merges Skyresponse's alarm management platform with OneCo's knowledge in electronics, automation, and telecommunications to offer flexible, affordable, and user-friendly telecare services. Their initial focus is a remote night check-in system combining KeplerVision with the Skyresponse Responder App, which is being implemented by Norway's largest private care home operator.
In September 2022, SOC Telemed Inc., a US-based telemedicine technology company, acquired Forefront Telecare Inc. for an undisclosed sum. This acquisition allows SOC Telemed to enhance its behavioral health services by integrating Forefront's virtual care network and clinical expertise. The expansion aims to improve access to specialty care for vulnerable populations in hospitals, long-term care facilities, and home health settings across the United States. Forefront Telecare Inc. is a US company specializing in telehealth technologies focused on delivering behavioral health services remotely.
Major players in the telecare market are Philips Healthcare, Teladoc Health Inc., The Access Group Limited, Tunstall Healthcare Group Limited, VITAS Healthcare Corporation, ConnectAmerica.com LLC, Ascom Holding AG, Resideo Technologies Inc., American Well Corporation, Cera Care Limited, Doctor on Demand Inc., Enovation Group B.V., AliveCor Inc., TeleSpecialists LLC, iHealth Labs Inc., Vivify Health Inc., Careium AB, Essence SmartCare Ltd., Helios Telecare Inc., Rest Assured LLC, Tyto Care Ltd.
North America was the largest region in the telecare market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in telecare report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the telecare market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The telecare market includes revenues earned by entities by providing services such as remote health monitoring, medication management, emergency response services, vital sign tracking, and chronic disease management. The market value includes the value of related goods sold by the service provider or included within the service offering. The telecare market also consists of sales of products, including fall detection systems, personal emergency response systems, smoke and carbon monoxide detectors, GPS trackers, door sensors, and vital sign monitors. 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 and/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.
Telecare 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 telecare 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 telecare ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The telecare 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 technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.