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Posted by Jerold Galarza on September 3, 2024 at 12:23pm 0 Comments 0 Likes
Posted by Agatha on September 3, 2024 at 12:23pm 0 Comments 0 Likes
The global Telehealth Market is expected to reach USD 455.27 billion by 2030, exhibiting a CAGR of 24.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is primarily driven by the growing adoption of digital health and smartphones, improved internet connectivity, the rise in the launch of telehealth services, and growing technological advancements. For instance, in May 2024, Thyme Care, an Oncology Care company, introduced Enhanced Supportive Care, a virtual palliative care program, to help cancer patients and their caretakers manage physical and psychosocial symptoms at home.
Furthermore, in recent years, the growing adoption of health apps has increased significantly. For instance, according to data published by Business of Apps in March 2024, there were around 379 million downloads of health apps. This growth indicates a rising interest in utilizing technology for health and wellness management. Health apps facilitate effective communication between healthcare staff and patients living in remote locations.
Moreover, machine learning techniques & AI functionality can enhance the personalization levels of healthcare. AI and machine learning are incorporated into telehealth to assist conclusive disposition of patients through remote analysis. Moreover, an AI chatbox is deployed to provide the latest healthcare information. The Telehealth platform of Haldoc uses AI to provide its physicians with feedback on their performance and consultation & training for performance enhancement. Thus, such technological advancements in telehealth services boost the market growth.
Moreover, increasing demand for healthcare in several regions is due to the growing elderly population and rising prevalence of chronic diseases. According to United Nations estimates, there were over 703 million individuals aged 65 and above in 2019, estimated to reach 1.5 billion by 2050 globally. Moreover, the middle class and affluent population across the globe are also growing rapidly. The increasing healthcare needs and shortage of medical professionals are estimated to drive the market.
List of Key Players in the Telehealth Market
Related Press Release@ Telehealth Market Report
Telehealth Market Report Highlights
Report Attribute |
Details |
Market size value in 2024 |
USD 123.26 billion |
Revenue forecast in 2030 |
USD 455.27 billion |
Growth rate |
CAGR of 24.3% from 2023 to 2030 |
Historical data |
2018 - 2023 |
Forecast data |
2024 - 2030 |
Inquire@ https://www.grandviewresearch.com/inquiry/452419/ibb
Telehealth Market Segmentation
Grand View Research, Inc. has segmented the global telehealth market based on product, delivery mode, end-use, disease area, and region:
Telehealth Product Outlook (Revenue, USD Million, 2018 - 2030)
Telehealth Delivery Mode Outlook (Revenue, USD Million, 2018 - 2030)
Telehealth End-use Outlook (Revenue, USD Million, 2018 - 2030)
Telehealth Disease Area Outlook (Revenue, USD Million, 2018 - 2030)
Telehealth Regional Outlook (Revenue, USD Million, 2018 - 2030)
Explore Horizon, the world's most expansive market research database
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