Global Telehealth Market Performance and Outlook to 2025 –COVID-19 Impact Assessment

Report Code: MK20464 | Pages: 102
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Overview

Executive Summary 

Market Performance
The Global telehealth market is expected to grow at CAGR of 24.03% from 2020-25. With the outbreak of virus and the restrictions imposed on movement in many parts of the world have prompted governments to recognize the potential of telehealth and, seemingly overnight, amend laws and regulations to allow healthcare providers to deploy telehealth solutions. Several governments in developing countries are working on projects to ensure healthcare delivery in rural and remote areas. Governments are concentrating their efforts on the development of virtual care platforms for the deployment of telemedicine technology. As a result, increased government initiatives are expected to drive market growth.

The United States has the world's largest share of telehealth, country adopted the method prior to the outbreak of the virus and maintaining a strong grip. Telehealth, on the other hand, has emerged as a critical enabler for healthcare sectors in emerging markets such as India, Vietnam, Indonesia, and China. Meanwhile, developed countries like Australia and Japan have reduced their reliance on telehealth. They are developing new digital healthcare models by utilising new software and tools.

Surging adoption of Mobile Health: The mobile healthcare market consists of connected medical devices, healthcare applications, and mobile technology that is related to healthcare. Connected devices currently dominate the market, accounting for approximately 85 % revenue contribution. The most common applications for mobile-enabled connected devices are cardiac monitoring and fitness tracking. Despite the fact that health app downloads contributed nearly 90% of the healthcare applications market, revenue contribution by these apps was insignificant.

Covid-19 Impact: The unexpected emergence of the global disaster has posed new challenge to the global economy and stifled the expansion of several industries and markets. Moreover, as people worried about contracting the virus from doctors and physicians, the demand for telehealth solutions increased during the pandemic. During the pandemic, online consultation has surged dramatically. According to Teladoc Health Inc., around 8 million to 9 million virtual consultations were recorded in 2020, which was more than double the number recorded in 2019.

Increasing Healthcare Cost - a driving factor: The global Healthcare expenditure are increasing. The biggest factor of increasing healthcare expenditure is surged utilization of healthcare service, which leads surged consumer demand for innovative and novel techniques, lifestyle factors, and so on. It is also attributed to the cost-shifting from government programmes to private payers. Reduced cost recovery rates have skyrocketed the cost-shifting load on hospitals and doctors, who in turn start charging much higher rates to private payers for the same facilities, affecting health insurance rates.

Scope of the Study
The following synopsis is based on the report "Global Telehealth Market- COVID-19 Impact and Outlook to 2027" published by Makreo Research and Consulting. The report delves deeply into various parameters such as market size, segmentation, value chain analysis, and industry cause and effect analysis. The study includes market dynamics that provide an understanding of industry opportunities, driving forces, major challenges impeding growth, and an analysis of future opportunities that may help market players capitalise on untapped business potential in the specific geography.

The report helps reader to gain information on following areas:

  • What is the present scenario of Global Telehealth market and what impact COVID-19 has left over the industry performance?
  • What all initivatives taken up by the government’s worldwide?
  • What all factors are contributing in the industry growth and what restraints are impacting industry performance?
  • How the industry is segmented and which segment has a dominant role to play?
  • Which segment offers high growth prospects and what are the key forces?
  • Which geography is dominating the industry performance and which geography account for fastest adoption and growth?
  • How industry reacted to COVID-19 and what impact will it leave over industry future performance?
  • Who are the leading international players and what is their present state in terms of financials and business performance?

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Table of Contents

  1. Report Synopsis
  2. 1.Research Methodology
  3. Objective of the Study
  4. Research Process
  5. Data Collection Methods
  6. Analytical Framework
  7. 2.Covid-19 & Impact Assessment
  8. Worldwide COVID-19 Spread
  9. Number of Active Cases
  10. Impact of Covid-19 over Telehealth
  11. 3.Macro-Economic Factors
  12. Macro-Economic Performance
  13. Macro-Economic Factors: Population Facts
  14. Macro-Economic Factors - Global Health Care Expenditure
  15. Macro-Economic Factors – North America Health Care Expenditure
  16. Macro-Economic Factors – Europe Health Care Expenditure
  17. Macro-Economic Factors – Asia Pacific Health Care Expenditure
  18. Macro-Economic Factors – North American Countries
  19. Macro-Economic Factors – European Countries
  20. 4.Macro-Economic Factors – Asian Countries
  21. Macro-Economic Factors - Global Households and Consumption Expenditure
  22. Macro-Economic Factors – Availability of Hospital Beds
  23. 5.Global Telehealth - Market Dynamics
  24. Global Telehealth Market Trends
  25. Global Telehealth Market Challenges
  26. 6.Global Telehealth - Market Opportunity
  27. Market Opportunity – Technological Innovations
  28. Market Opportunity – Growing Chronic Diseases
  29. Market Opportunity- Increasing Remote Patient Monitoring
  30. Market Opportunity – Role of Government
  31. Market Opportunity –Coronavirus and Emergence of 5G
  32. Market Opportunity- New Entrants
  33. Market Opportunity- Emergence of Telehealth Robots & Robotic Platforms
  34. 7.Global Telehealth Market & Forecast
  35. Global Telehealth Market Structure
  36. Global Telehealth Market Performance
  37. Global Telehealth Market Analysis By Revenue
  38. 8.Global Telehealth Market: By Segmentation
  39. Global Telehealth Market Segmentation- By Type
  40. Global mHealth Market Revenue and Forecast
  41. Availability of mHealth Apps
  42. Global Telehealth Market Segmentation – By Component
  43. Global Telehealth Market Segmentation by Services
  44. Global Telehealth Market Segmentation - By Geography
  45. 9.Global Telehealth Market: By Geography
  46. Global Telehealth Market by Geography: North America
  47. Global Telehealth Market by Geography: Europe
  48. Global Telehealth Market by Geography: Asia Pacific
  49. Global Telehealth Market by Geographic: Middle East & Africa
  50. 10.Global Telehealth Industry: Competitive Landscape
  51. Telehealth Market Share of Major Players
  52. Mergers & Acquisitions
  53. 11.Global Telehealth Market - Company Profile
  54. Company Profile – American Well
  55. Company Profile – Teladoc Health Inc.
  56. Company Profile – Grand Round Health Inc.
  57. Company Profile – Dictum Health Inc.
  58. Company Profile – Medtronic Plc.
  59. Company Profile – Cerner Corporation
  60. Company Profile – OpenTelehealth
  61. Company Profile – MDLIVE Inc.
  62. Company Profile - Others
  63. Limitations of the Study
  64. List of Figures & Tables
  65. Number of Active cases of coronavirus (COVID-19) Worldwide
  66. World Population
  67. More Developed Regions Population
  68. Less Developed Regions Population
  69. Population ages 65 and above (% of total population) 2011-2020
  70. Healthcare Expenditure of North America’s Major Countries as (% of GDP) 2015-2018
  71. Healthcare Expenditure of European Regions Major Region as (% of GDP) 2015-2018
  72. Healthcare Expenditure of Asia Pacific Regions Major Region as (% of GDP) 2015-2018
  73. Global Households and NPISHs Final Consumption Expenditure (annual % growth)
  74. Global Hospital Bed Count, 2011-2017
  75. Number of Deaths by Major Chronic Diseases Worldwide, 2019
  76. Growing Chronic Diseases: Global HIV Cases 2020
  77. Global New Cases of Cancer in Females of all ages in 2020
  78. Global New Cases of Cancer in Males of all ages in 2020
  79. Global Telehealth Market Revenue, 2017-2026F
  80. Global Telehealth Market by Type, 2020
  81. Mobile Health (mHealth) Market Revenue and Forecast, 2017-2026F
  82. Global Total Number of Mobile Health Apps, 2016-2019
  83. Global Telehealth Market by Component, 2019
  84. Global Telehealth Market by Component, 2020
  85. Hardware and Software Revenue in Global Telehealth Market, 2019 & 2020
  86. Global Telehealth Revenue Share by Geography, 2020 (%)
  87. Global Telehealth Revenue Share by Geography, 2025F (%)
  88. America’s Telehealth Market Revenue and Forecast, 2017-2025F
  89. Europe Telehealth Market Revenue and Forecast, 2017-2025F
  90. Adoption rate of Telehealth Service in Europe in 2020, by Country
  91. Asia Pacific Telehealth Market Revenue and Forecast, 2017-2025F
  92. Middle East & Africa’s Telehealth Market Revenue and Forecast, 2017-2025F
  93. Market Share of the Major Players in the US Telehealth Industry, 2020
  94. Teledoc Health Consolidated Revenue, 2016-2020
  95. Medtronic Consolidated Quarterly Net Sales, 2019-2020
  96. Medtronic PLC Worldwide Revenue, FY2019-FY2020 (USD Million)
  97. Cerner Corporation Consolidated Revenues by Services as a % of Revenue, 2018-2020
  98. Cerner Corporation Revenue Share by International & Domestic Business, 2020

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