Telehealth Market Expected to Reach USD 244 Billion by 2032

1
Telehealth Market Expected to Reach USD 244
Billion by 2032
2

• Industry Insights

• The increasing demand for remote healthcare
  services, especially in rural and underserved
  areas, is among the leading factors driving
  market growth. People living in rural and remote
  areas often have limited access to healthcare
  services due to geographical barriers and
  shortage of healthcare providers. This has
  prompted governments and health authorities
  worldwide to undertake necessary initiatives to
  improve the quality of health services across
  these regions.
• To that end, in March 2023, the Ministry of
  Health and Prevention (MoHaP), UAE, issued
  legislation mandating all medical facilities to
  provide at least one remote health service. The
  new law is expected to come into effect by the
  end of 2023 and is part of the extensive
  healthcare regulatory framework that the ministry
  is working on to regulate all remote health
  services. Advancements in technology, such as
  high-speed internet connectivity and mobile
  devices, have made telehealth more accessible and
  convenient. The trend further accelerated during
  the COVID-19 pandemic when telehealth emerged as
  a safe and effective alternative to in-person
  visits, further accelerating business growth.
• The overall telehealth market is segregated based
  on component, mode of delivery, specialty,
  application, end-user, and region.

3

• Regarding the component, the telehealth services
  industry will expand commendably over 2023-2032.
  Telehealth provides convenient access to
  healthcare, eliminating the need for patients to
  travel long distances or wait in crowded waiting
  rooms. This accessibility is particularly
  beneficial for individuals in remote or
  underserved areas. Secondly, telehealth offers
  flexibility in scheduling appointments, enabling
  patients to receive timely care without
  disrupting their daily routines. Moreover, the
  growing adoption of digital technologies and
  increased internet connectivity further
  contribute to the rising demand for telehealth
  services.
• Based on the mode of delivery, the on-premises
  telehealth market share will witness appreciable
  growth throughout 2023-2032. Organizations and
  healthcare providers are seeking greater control
  over their telehealth infrastructure, data
  security, and compliance requirements.
  On-premises solutions provide a higher level of
  customization, integration with existing systems,
  and data privacy, making them a preferred choice
  for several healthcare organizations.
  Additionally, on-premises telehealth solutions
  offer greater reliability and reduced dependency
  on external service providers, ensuring seamless
  and uninterrupted delivery of healthcare
  services.
• With respect to the specialty, the orthopaedic
  segment will accumulate a modest share of the
  telehealth industry revenue by 2032. Telehealth
  allows orthopaedic patients to have virtual
  consultations, follow-up visits, and
  post-operative care, reducing the need for
  in-person visits. It enables timely access to
  orthopaedic specialists, especially for patients
  in remote areas. Telehealth also facilitates
  remote monitoring of orthopaedic conditions and
  offers rehabilitation and physical therapy
  guidance, enhancing patient convenience and
  improving outcomes.

4

• Regional Analysis

Europe telehealth market value will grow at a
notable CAGR between 2023 and 2032. Europe has a
large population, including remote and
underserved areas, where telehealth can improve
healthcare accessibility. Europe's aging
population and the need for chronic disease
management make telehealth an efficient solution.
The COVID-19 pandemic has also accelerated the
adoption of telehealth as it enables safe and
convenient healthcare delivery while reducing the
burden on traditional healthcare systems.
Moreover, European countries have been investing
in digital infrastructure and telecommunication
technologies, further driving the demand for
telehealth services.

• Competitive Analysis

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

5
Biotechnology Instruments Market _at_
https//www.gminsights.com/industry-analysis/teleh
ealth-market
Request for sample of this research report _at_
https//www.gminsights.com/request-sample/detail/5
632
Request for customization _at_ https//www.gminsights
.com/roc/5632
6
Stay In Touch Social Media
7
THANK YOU
www.gminsights.com