Telehealth Market | 2021 Size, Growth, Share, Cap, Regional Analysis With Global Industry Forecast To 2027. The global “telehealth” market is expected to grow astonishingly in the near future on account of the rising preference for e-visits. They provide easy access to the required doctors, lower outpatient department (OPD) waiting times, and are cost-effective. Fortune Business Insights™ published this information in a new report, titled, “Telehealth Market Size, Share & COVID-19 Impact Analysis, By Type (Products and Services), By Application (Telemedicine, Patient Monitoring, Continuous Medical Education, and Others), By Modality (Real-time (Synchronous), Store-and-forward (Asynchronous), and Remote Patient Monitoring), By End User (Hospital Facilities, Homecare, and Others), and Regional Forecast, 2020-2027.” The report further mentions that this market size was USD 61.40 billion in 2019 and is projected to reach USD 559.52 billion by 2027, exhibiting a CAGR of 25.2% during the forecast period.
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Leading Players operating in the Telehealth Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- American Well (Boston, U.S.)
- MDLIVE Inc. (Sunrise, U.S)
- Teladoc Health Inc. (Purchase, U.S.)
- Doctor on Demand Inc. (San Francisco, U.S.)
- Dictum Health Inc. (Oakland, U.S.)
- Grand Rounds Inc. (San Francisco, U.S.)
- OpenTeleHealth (Balticagade, Denmark)
- Other Players
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Services Segment to Lead Backed by Rising Number of Virtual Consultations
In terms of type, the market is bifurcated into services and products. Out of these, the services segment is set to dominate by generating the highest telehealth market share in the near future. This growth is attributable to the introduction of reimbursement policies for teleconsultations, rising fundings by various start-up companies, and increasing number of virtual consultations. The products segment is expected to grow steadily because of the high demand for numerous telecommunication devices, such as tablets.