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Telehealth Market Share

Report ID: GMI5632
Published Date: May 2023
Report Format: PDF

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Telehealth Market Share

The key players have undertaken initiatives to drive market size during the COVID-19 pandemic, such as:

Cisco Systems
Koninklijke Philips N.V
Allscript Healthcare Solution
Oracle corpotation (Cerner)
McKesson Corporation
GlobalMed
AMD Global Telemedicine,
Amwell.

Teladoc Health Inc. reporting most of the market due to year-on-year growth and increasing funding and initiatives by governments. The Biden-Harris Administration announced an investment of USD 19 million to improve healthcare delivery and address gaps in care faced in rural areas. Key players have also been strategizing and focusing on collaborations, mergers, and acquisitions to gain a competitive edge and expand their product portfolio and business footprint, exemplified by PointClickCare Technologies acquiring Collective Medical to expand its care services and offerings.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Global market for telehealth crossed USD 71.9 billion in 2022 and is poised to be worth over USD 244.2 billion by 2032, given the increasing smartphone penetration and subsequent rise in the usage of digital platforms and applications.

The software segment is anticipated to grow significantly through 2032, attributed to a substantial rise in demand for cost-effective healthcare services, improved quality care, and efficient workflow management.

Telehealth market from the teleconsultation application segment is expected to garner appreciable gains through 2032 due to a noticeable rise in the number of healthcare providers offering virtual consultations.

Prominent enterprises in this business vertical include Cisco Systems, Koninklijke Philips N.V, Allscript Healthcare Solution, Oracle Corporation (Cerner), McKesson Corporation, GlobalMed, AMD Global Telemedicine, and Amwell.