Telehealth Market (By Product Type: Hardware, Software, Services; By Delivery Mode: On-premise, Web-based, Cloud-based; By End Use) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2023-2032

The global telehealth market was valued at USD 83.52 billion in 2022 and it is predicted to surpass around USD 719.54 billion by 2032 with a CAGR of 24.03% from 2023 to 2032.

Telehealth Market Size 2023 to 2032

Key Pointers

  • The services segment held the largest share of 47.22% in 2022.
  • Based on delivery mode, the web-based delivery mode held the largest share 45.74% in 2022.
  • The provider segment accounted for the largest share of 53.06% in 2022.
  • North America dominated the market in 2022 with a share of 47.18%.
Report Coverage Details
Market Size in 2022 USD 83.52 billion
Revenue Forecast by 2032 USD 719.54 billion
Growth rate  CAGR of 24.03%
Base Year 2022
Forecast Period 2023 to 2032
Regions Covered North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Covered Koninklijke Philips N.V; Siemens Healthineers; Cerner Corp.; GE Healthcare; Medtronic PLC; Teladoc Health Inc; American Well; Doctor on Demand; GlobalMed; MDLive


The rising penetration of the internet and innovation in smartphones is enabling to address the gaps in the delivery and availing of telehealth services conveniently. Moreover, the demand for telehealth services witnessed tremendous growth over the past year due to the COVID-19 pandemic and the restrictions imposed in order to curb the infection. COVID-19 hindered the delivery of healthcare services which enabled most healthcare facilities to shift from traditional to virtual care methods. Further, the growing need to monitor health and wellness in order to manage chronic diseases virtually is driving the market growth.

Introduction of web-based and cloud-based platforms which deliver virtual care to users are expected to boost the market growth. For instance, in August 2021, CVS and Teladoc partnered to launch CVS Health’s Aetna Virtual Primary Care. Through this partnership, CVS Health will utilize Teladoc’s physician network and providers to deliver virtual care services to patients remotely through video and telephonic consultations, which will reduce the dependency of the patients on in-person consultations and visits.

Increasing prevalence of cancer globally is expected to be a key contributor to the growth of the market. This increasing prevalence is anticipated to strain the healthcare systems, most of which are witnessing a shortage of healthcare professionals such as doctors and nurses; this is anticipated to drive the adoption of the services globally. According to WHO, healthcare facilities are projected to witness a shortage of 15 million healthcare professionals by 2030, this shortage of healthcare professionals is expected to drive the adoption of AI for the treatment and diagnosis of patients. Telehealth helps to deliver healthcare services digitally and virtually to patients at remote locations. The technology helps to deliver patient-centric care remotely to the patients thereby reducing the need for emergency department visits and reducing the rate of hospitalizations. Despite the advantages, concerns regarding cybersecurity, data privacy, and the high cost of implementation of the services are expected to restrain the growth of the market. Moreover, telehealth focuses on increasing the accessibility of basic healthcare services to patients with enhanced safety and quality.

Telehealth applications have been successful in delivering appropriate care to patients while reducing adverse events and preventing the symptoms to go unnoticed. Innovation in digital healthcare such as smart wearables, the internet of things, advanced healthcare analytics, better internet connectivity, and the rising penetration of smartphones globally are significantly shaping the growth of the industry. 

Market Segmentation

By Product Type

  • 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

By Delivery Mode

  • On-premise
  • Web-based
  • Cloud-based

By End-use

  • Payers
  • Providers
  • Patients

Frequently Asked Questions

The global telehealth market size was reached at USD 83.52 billion in 2022 and it is projected to hit around USD 719.54 billion by 2032.

The global telehealth market is growing at a compound annual growth rate (CAGR) of 24.03% from 2023 to 2032.

The North America region has accounted for the largest telehealth market share in 2022.

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