Telehealth Market Report 2025

The telehealth market size has grown exponentially in recent years. It will grow from $176.24 billion in 2024 to $227.18 billion in 2025 at a compound annual growth rate (CAGR) of 28.9%. The growth in the historic period can be attributed to strong emerging markets growth, increased spending on pets, supportive government initiatives, and increased penetration of pet insurance.

The telehealth market size is expected to see exponential growth in the next few years. It will grow to $558.31 billion in 2029 at a compound annual growth rate (CAGR) of 25.2%. The growth in the forecast period can be attributed to the increasing pet ownership, the increasing consumption of animal-derived products, and the increasing urbanization. Major trends in the forecast period include focus on advanced technologies such as artificial intelligence, new facility expansions, partnerships and collaborations, and launch of new veterinary telehealth services to improve their financial strength and product portfolio.

The increasing incidence of chronic diseases such as cancer, diabetes, and hypertension is anticipated to be a significant driver of the telehealth market. Factors such as long working hours, limited physical activity, and poor dietary habits contribute to the prevalence of chronic diseases, making individuals with these conditions more susceptible to further health complications, thereby increasing the demand for telehealth service platforms. For example, in September 2023, the World Health Organization (WHO), a specialized agency of the United Nations based in Switzerland, reported that 41 million deaths annually, accounting for 74% of deaths caused by non-communicable diseases (NCDs) or chronic diseases worldwide. This includes 17.9 million deaths from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2 million from diabetes. Thus, the rising prevalence of chronic diseases is expected to fuel market growth.

The steady rise in the geriatric population is projected to boost the telehealth market's growth in the coming years. Older adults are more susceptible to long-term care requirements and chronic diseases such as those related to cardiology and orthopedics. According to WHO estimates, the global population aged 60 and older is expected to reach 2 billion by 2025, nearly doubling from 12% to 22% of the total global population. Individuals with chronic diseases are likely to be more vulnerable to health complications, which will significantly influence market growth during this time. Currently, only 17% of consumers worldwide are aware that their health systems or insurance providers offer telehealth or virtual health services as alternatives to in-person visits to doctors' offices, hospitals, emergency rooms, or urgent care clinics.

Leading companies in the telehealth market are prioritizing the integration of advanced technologies, such as remote patient monitoring and AI-driven diagnostics, along with disease management resources, to enhance healthcare accessibility and improve patient outcomes for various medical conditions. Disease management resources encompass tools and support services that assist patients in effectively managing their chronic conditions, which include educational materials, treatment plans, medication management, and access to healthcare professionals. For instance, in January 2024, Eli Lilly and Company, a US-based pharmaceutical firm, launched LillyDirect, a digital healthcare platform aimed at supporting patients in the U.S. who are dealing with obesity, migraine, and diabetes. The platform offers disease management resources, access to independent healthcare providers, and direct home delivery of select Lilly medications via third-party pharmacy services.

Key players in the telehealth market are dedicated to developing advanced solutions like the Virtual Care Management suite to enhance and broaden their services in response to the increasing demand for comprehensive and efficient telehealth solutions. The Virtual Care Management suite facilitates extensive patient engagement and connection for health systems and providers, alleviating pressure on hospital staff and optimizing chronic disease management. In March 2023, Koninklijke Philips N.V., a Netherlands-based health technology firm, unveiled Philips Virtual Care Management, a versatile suite of solutions and services designed to foster more engaging and meaningful connections with patients. This comprehensive offering is aimed at health systems, providers, payers, and employer groups, enabling them to effectively motivate and connect with patients regardless of their location. By utilizing Philips Virtual Care Management, organizations can reduce the burden on hospital staff, decrease emergency department visits, and enhance chronic disease management, resulting in cost savings in healthcare delivery.

In October 2024, Dial A Vet, an Australia-based company offering online veterinary services, acquired SpeakToAVet for an undisclosed amount. This acquisition is intended to expand Dial A Vet's market presence and reinforce its position as a global provider of convenient and affordable pet telehealth services. SpeakToAVet, based in the US, specializes in providing affordable online veterinary consultations for pet owners seeking expert guidance on common pet concerns.

Major companies operating in the telehealth market include Teladoc Health, Amwell (American Well), MDLIVE, Doctor On Demand, 1Life Healthcare, HealthTap, Babylon Health, PlushCare, MeMD, Pager, Lemonaid Health, SteadyMD, Telestax, InTouch Health, SnapMD, Zipnosis, SOC Telemed, Vsee Lab, Maven Clinic, DocASAP, HeyDoctor, Kareo, Medici, OnCall Health, Qure4u, Spruce Health, GlobalMed, MDBox, Doxy.me, Vida Health.

North America was the largest region in the telehealth market in 2024. The regions covered in the telehealth market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the telehealth market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

Telehealth involves the provision of healthcare services through electronic data and telecommunications technology, facilitating the remote delivery of medical healthcare services, patient and professional health education, public health, and health management. Technologies utilized in telehealth include streaming media, teleconferencing, the Web, store-and-forward imaging, and both terrestrial and wireless communications.

The primary types of telehealth solutions encompass software, services, and hardware. Software consists of a set of instructions, programs, or data enabling a computer or other hardware devices to perform specific tasks. Telehealth solutions can be delivered on-premise or through cloud-based platforms. These solutions find application in various healthcare domains, including teleradiology, telepathology, teledermatology, telecardiology, among others, and are utilized by different end-users such as healthcare providers, patients, payers, and others.

The telehealth market research report is one of a series of new reports that provides telehealth market statistics, including telehealth industry global market size, regional shares, competitors with a telehealth market share, detailed telehealth market segments, market trends and opportunities, and any further data you may need to thrive in the telehealth industry. This telehealth 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 market includes revenues earned by entities by live videoconferencing, asynchronous video (aka store-and-forward), remote patient monitoring (RPM) and mobile health (mhealth). 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.

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