Telehealth Market Report: Understanding Patient Engagement and Satisfaction

 The global telehealth market is expected to reach USD 455.27 billion by 2030, exhibiting a CAGR of 24.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is primarily driven by the growing adoption of digital health and smartphones, improved internet connectivity, the rise in the launch of telehealth services, and growing technological advancements. For instance, in May 2024, Thyme Care, an Oncology Care company, introduced Enhanced Supportive Care, a virtual palliative care program, to help cancer patients and their caretakers manage physical and psychosocial symptoms at home.

Gather more insights about the market drivers, restrains and growth of the Global Telehealth Market

 

In recent years, the growing adoption of health apps has increased significantly. For instance, according to data published by Business of Apps in March 2024, there were around 379 million downloads of health apps. This growth indicates a rising interest in utilizing technology for health and wellness management. Health apps facilitate effective communication between healthcare staff and patients living in remote locations.

Moreover, machine learning techniques & AI functionality can enhance the personalization levels of healthcare. AI and machine learning are incorporated into telehealth to assist conclusive disposition of patients through remote analysis. Moreover, an AI chatbox is deployed to provide the latest healthcare information. The Telehealth platform of Haldoc uses AI to provide its physicians with feedback on their performance and consultation & training for performance enhancement. Thus, such technological advancements in telehealth services boost the market growth.

 

Telehealth Market Report Highlights

 

• By product, the services segment held the largest market share in 2023, owing to the growing adoption of telehealth services to manage chronic diseases and technological advancements in the digital health field.

• By delivery mode, the web-based segment held the largest market share in 2023, owing to the rising adoption of web-based solutions by healthcare professionals.

• By disease area, radiology segment dominated the market in terms of revenue share in 2023. Increasing incidences of chronic diseases, including breast cancer, cellulitis, & osteomyelitis, and a growing number of emergency cases fuel the market growth.

• By end-use, provider segment held largest share in 2023. Rising demand for reducing hospital admissions and growing adoption of telemedicine and teleconsultation services boost the market growth.

• North America dominated the global market in 2023 due to the availability of favorable government initiatives and digital infrastructure to provide digital solutions to patients.

Browse through Grand View Research's Healthcare IT Industry Research Reports.

 

• The global AI-based clinical trials solution provider market size was estimated at USD 1.9 billion in 2023 and is projected to grow at a CAGR of 22.1% from 2024 to 2030.

• The global medical specimen tracking system market size was valued at USD 886.2 million in 2023 and is estimated to grow at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2030.

 

Segments Covered in the Report

 

Grand View Research, Inc. has segmented the global telehealth market based on product, delivery mode, end-use, disease area, and region.

 

Telehealth Product Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware

  • Monitors

  • Medical Peripheral Devices

    • Blood Pressure Meters

    • Blood Glucose Meters

    • Weighing Scales

    • Pulse Oximeters

    • Peak Flow Meters

    • ECG Monitors

    • Others

• Software

  • Standalone Software

  • Integrated Software

• Services

  • Remote Patient Monitoring

  • Real-Time Interactions

  • Store and Forward

  • Others

 

Telehealth Delivery Mode Outlook (Revenue, USD Million, 2018 - 2030)

• On-premise

• Web-based

• Cloud-based

 

Telehealth End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Payers

• Providers

• Patients

 

Telehealth Disease Area Outlook (Revenue, USD Million, 2018 - 2030)

• Psychiatry

• Substance Use

• Radiology

• Endocrinology

• Dermatology

• Gastroenterology

• Neurological Medicine

• ENT

• Cardiology

• Oncology

• Dental

• Gynecology

• General Medicine

• Others

 

Telehealth Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Spain

  • Italy

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Argentina

  • Chile

• MEA

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

 

Order a free sample PDF of the Telehealth Market Intelligence Study, published by Grand View Research.