Telehealth Software Global Market Report 2024

Description

Telehealth software encompasses digital platforms and solutions designed to facilitate remote healthcare services and consultations. These platforms enable healthcare clinicians to conduct appointments, consultations, and examinations with patients via digital means, such as video conferencing or messaging. Additionally, telehealth software often includes features for electronic prescribing, allowing clinicians to prescribe medications and transmit prescriptions directly to pharmacies. Furthermore, these solutions may offer tools for monitoring medication adherence, enabling healthcare providers to track patient compliance and intervene as needed to optimize treatment outcomes.

The primary components of telehealth software consist of software and services. The software component comprises digital solutions tailored to support remote healthcare delivery, including virtual consultations, remote monitoring, and patient engagement functionalities. These software solutions can be deployed either in the cloud or on-premises, catering to diverse end-users such as healthcare providers, healthcare payers, and patients themselves. Additionally, the services component encompasses various support offerings provided alongside the software, including implementation assistance, training, maintenance, and ongoing technical support to ensure optimal utilization and performance of the telehealth software.

The telehealth software market research report is one of a series of new reports from The Business Research Company that provides telehealth software market statistics, including telehealth software industry global market size, regional shares, competitors with a telehealth software market share, detailed telehealth software market segments, market trends and opportunities, and any further data you may need to thrive in the telehealth software industry. This telehealth software 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 telehealth software market size has grown rapidly in recent years. It will grow from $8.05 billion in 2023 to $9.52 billion in 2024 at a compound annual growth rate (CAGR) of 18.2%. During the historic period, growth in telehealth can be attributed to several factors. Firstly, the increasing prevalence of chronic diseases has heightened the demand for remote healthcare services, as patients seek more convenient and accessible ways to manage their conditions. Secondly, there has been a notable increase in consumer awareness and acceptance of telemedicine, driven by advancements in technology and changing attitudes towards virtual healthcare delivery. Additionally, the aging population has created a greater need for telehealth solutions, as older adults often require more frequent healthcare services and may face challenges accessing traditional healthcare facilities. Furthermore, the rising need for remote patient monitoring solutions, particularly for chronic disease management, has contributed to the growth of telehealth usage, as healthcare providers seek more efficient ways to monitor and manage patients' health remotely.

The telehealth software market size is expected to see rapid growth in the next few years. It will grow to $18.69 billion in 2028 at a compound annual growth rate (CAGR) of 18.4%. In the forecast period, growth is expected to be driven by several key factors. Firstly, there will be an increased focus on telehealth interoperability, as stakeholders seek seamless integration and communication between different telehealth platforms and systems. Additionally, the demand for remote healthcare services is projected to continue rising, driven by factors such as convenience, accessibility, and the need for expanded healthcare options.

The telehealth software market is anticipated to experience significant growth, driven by the increasing prevalence of chronic diseases. Chronic diseases, characterized by persistent symptoms requiring ongoing management, are on the rise due to factors such as aging populations, lifestyle choices, and healthcare accessibility challenges. Telehealth software plays a vital role in managing chronic conditions by enabling remote access to healthcare services, facilitating regular monitoring and consultations without in-person visits. This accessibility fosters early detection, continuous care, and patient empowerment, ultimately leading to better management and outcomes for individuals with chronic diseases. Notably, in September 2022, the World Health Organization reported a high number of deaths attributed to chronic diseases globally, underscoring the urgent need for telehealth solutions to address this growing healthcare burden.

Leading companies in the telehealth software market are focusing on developing advanced solutions to stay competitive. One such innovation is the single-interface cloud-based solution, offering integrated platforms with a comprehensive suite of telehealth services accessible through a unified user interface. For example, in June 2022, GoMeyra introduced the GoVirtual Clinic, a telehealth platform and single-interface cloud-based solution enabling medical practitioners to conduct virtual patient appointments, manage patient care, and access electronic health data securely. This next-generation platform streamlines scheduling, virtual testing, appointments, and result sharing, providing a seamless experience for both healthcare providers and patients.

In July 2021, American Well Corporation (Amwell) made strategic acquisitions, acquiring SilverCloud Health Inc. and Conversa Health Inc. for $320 million. These acquisitions aim to enhance Amwell's digital care enablement platform and expand services beyond telehealth visits by integrating the unique capabilities of SilverCloud Health and Conversa Health. SilverCloud Health specializes in digital mental health and well-being courses, while Conversa Health focuses on virtual care and triage. By integrating these capabilities into its platform, Amwell aims to offer more comprehensive and advanced digital care experiences, positioning itself as a leader in the evolving healthcare landscape.

Major companies operating in the telehealth software market are Cisco Systems Inc., Oracle Corporation, Honeywell International Inc., Medtronic Inc., Advanced Micro Devices Inc., Koninklijke Philips N.V., Resideo Technologies Inc., Cerner Corporation, Zoom Video Communications Inc., Teladoc Health Inc., Masimo Corporation, OSI Systems Inc., Allscripts Healthcare LLC, A&D Company Limited, BioTelemetry, American Well Corporation, Vocera Communications Inc., Care Innovations LLC, Zocdoc Inc., CureMD Healthcare, Chiron Technology Services Inc., GlobalMedia Group LLC, PatientSafe Solutions Inc., Biotricity Inc., Updox LLC, Capsule Technologies Inc., Aerotel Medical Systems Ltd.

North America was the largest region in the telehealth software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the telehealth software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the telehealth software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The telehealth software market consists of revenues earned by entities by providing services such as remote prescription services, remote patient monitoring (RPM), teleconsultations, healthcare education and training, teletherapy and behavioral health services, and data analytics and reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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 that 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.

Including: 1) By Component: Software; Services
2) By Deployment: Cloud-Based; On-Premises
3) By End User: Healthcare Providers; Healthcare Payers And Patients
Covering: Cisco Systems Inc.; Oracle Corporation; Honeywell International Inc.; Medtronic Inc.; Advanced Micro Devices Inc.

Product Code: r17451

1. Executive Summary

2. Telehealth Software Market Characteristics

3. Telehealth Software Market Trends And Strategies

4. Telehealth Software Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Telehealth Software Market Size and Growth

5.1. Global Telehealth Software Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Telehealth Software Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Telehealth Software Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Telehealth Software Market Segmentation

6.1. Global Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Software
Services
6.2. Global Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cloud-Based
On-Premises
6.3. Global Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Healthcare Providers
Healthcare Payers And Patients

7. Telehealth Software Market Regional And Country Analysis

7.1. Global Telehealth Software Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Telehealth Software Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Telehealth Software Market

8.1. Asia-Pacific Telehealth Software Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Telehealth Software Market

9.1. China Telehealth Software Market Overview
9.2. China Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Telehealth Software Market

10.1. India Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Telehealth Software Market

11.1. Japan Telehealth Software Market Overview
11.2. Japan Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Telehealth Software Market

12.1. Australia Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Telehealth Software Market

13.1. Indonesia Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Telehealth Software Market

14.1. South Korea Telehealth Software Market Overview
14.2. South Korea Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Telehealth Software Market

15.1. Western Europe Telehealth Software Market Overview
15.2. Western Europe Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Telehealth Software Market

16.1. UK Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Telehealth Software Market

17.1. Germany Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Telehealth Software Market

18.1. France Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Telehealth Software Market

19.1. Italy Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Telehealth Software Market

20.1. Spain Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Telehealth Software Market

21.1. Eastern Europe Telehealth Software Market Overview
21.2. Eastern Europe Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Telehealth Software Market

22.1. Russia Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Telehealth Software Market

23.1. North America Telehealth Software Market Overview
23.2. North America Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Telehealth Software Market

24.1. USA Telehealth Software Market Overview
24.2. USA Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Telehealth Software Market

25.1. Canada Telehealth Software Market Overview
25.2. Canada Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Telehealth Software Market

26.1. South America Telehealth Software Market Overview
26.2. South America Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Telehealth Software Market

27.1. Brazil Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Telehealth Software Market

28.1. Middle East Telehealth Software Market Overview
28.2. Middle East Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Telehealth Software Market

29.1. Africa Telehealth Software Market Overview
29.2. Africa Telehealth Software Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Telehealth Software Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Telehealth Software Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Telehealth Software Market Competitive Landscape And Company Profiles

30.1. Telehealth Software Market Competitive Landscape
30.2. Telehealth Software Market Company Profiles
- 30.2.1. Cisco Systems Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Oracle Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Honeywell International Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Medtronic Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Advanced Micro Devices Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Telehealth Software Market Other Major And Innovative Companies

31.1. Koninklijke Philips N.V.
31.2. Resideo Technologies Inc.
31.3. Cerner Corporation
31.4. Zoom Video Communications Inc.
31.5. Teladoc Health Inc.
31.6. Masimo Corporation
31.7. OSI Systems Inc.
31.8. Allscripts Healthcare LLC
31.9. A&D Company Limited
31.10. BioTelemetry
31.11. American Well Corporation
31.12. Vocera Communications Inc.
31.13. Care Innovations LLC
31.14. Zocdoc Inc.
31.15. CureMD Healthcare

32. Global Telehealth Software Market Competitive Benchmarking

33. Global Telehealth Software Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Telehealth Software Market

35. Telehealth Software Market Future Outlook and Potential Analysis

35.1 Telehealth Software Market In 2028 - Countries Offering Most New Opportunities
35.2 Telehealth Software Market In 2028 - Segments Offering Most New Opportunities
35.3 Telehealth Software Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer