Telehealth Software Global Market Report 2024

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.

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 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 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.


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