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Telehealth Market - By Component, By Delivery Mode, By Specialty, By End Use - Global Forecast, 2025 - 2034
Report ID: GMI5632
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Published Date: September 2025
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Report Format: PDF
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Authors: Mariam Faizullabhoy, Gauri Wani
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Base Year: 2024
Companies covered: 22
Tables & Figures: 170
Countries covered: 20
Pages: 140
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Telehealth Market
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Telehealth Market Size
The global telehealth market size was valued at USD 126.1 billion in 2024. The market is anticipated to grow from USD 140.7 billion in 2025 to USD 403.2 billion in 2034, growing at a CAGR of 12.4% during the forecast period, according to the latest report published by Global Market Insights Inc. The market trajectory growth is primarily driven by the increasing demand for remote healthcare solutions, particularly in developed or urban areas. As patients increasingly seek convenient access to virtual care, telehealth adoption continues to rise. Additionally, innovation in mobile health (mHealth) applications and wearable technologies facilitates remote monitoring and patient engagement are accelerating the market growth.
The rising burden of chronic diseases urges the need for continuous monitoring and virtual consultations. For instance, according to a study published in NCBI, during the COVID-19 pandemic, the virtual healthcare practices significantly expanded the telehealth services, particularly during lockdown and recurrent surge periods of the viral infection. This has significantly boosted the telehealth demand in the industry.
For instance, FAIRHealth, a non-profit organization that maintains large databases of private healthcare and Medicare claims, reported a significant rise in telehealth claims that grew from 0.1% to approximately 5% from 2019 to 2021. This spike highlighted the intensified use of telehealth solutions, reflecting its continued rise in the coming years. Moreover, the inclination for virtual consultations in the post-pandemic period, coupled with the integration of telemedicine into healthcare systems, coupled with the growing internet penetration, are expected to further accelerate the adoption of telehealth worldwide.
Telehealth refers to the delivery of healthcare solutions and services through telecommunication technologies, enabling remote consultation, remote monitoring, and patient engagement. The market encompasses various components like hardware, software, and solutions. The key players in the industry include Teladoc, Amwell, Doxy.me, LifeStance Health, and Cisco Systems. These companies compete through technology innovations, service integration, and regulatory compliance. Further, strategic partnerships, AI integration, and scalability are key discriminators as companies strive to expand their reach and enhance the virtual care experience across the diverse healthcare system.
Further, growing government initiatives and favorable policies, coupled with the supportive reimbursement coverage, are major factors fueling the market growth. For instance, FAIRHealth supports large databases of private and Medicare claims, noting that telehealth claims grew from 0.1% in 2019 to approximately 5% by the close of 2021. This spike highlighted the intensified use of telehealth, which is expected to continue to rise in the coming years.
~25% market share
Collective market share in 2024 is ~65%
Telehealth Market Trends
Telehealth Market Analysis
The global market was valued at USD 88.7 billion in 2021. The market size reached USD 111.8 billion in 2023, from USD 99.5 billion in 2022.
Based on component, the telehealth industry is segmented into hardware, software, and services. The services segment accounted for the largest revenue of USD 47.9 billion in 2024 and is expected to continue this trend throughout the forecast period. The services segment is further classified into remote patient monitoring, real-time interactions, store and forward, video/ audio consultations, and other service types.
Based on the delivery mode, the global telehealth market is categorized into web/cloud-based and on-premises. The web/cloud-based segment dominated the market with a 70% market share in 2024 due to its scalability, cost-effectiveness, and ease of deployment.
By specialty, the telehealth market is segmented into dermatology, mental health, cardiology, neurology, orthopedics, gynecology, and other specialties. The dermatology segment dominated the market in 2024 and is expected to continue this trend throughout the forecast period with a CAGR of 12%.
Based on the end use, the global telehealth market is classified into healthcare providers, patients, and payers. In 2024, the patients segment held the highest market share and is expected to showcase significant growth over the analysis period to reach USD 126.8 billion by 2034.
North America dominated the global telehealth market with the highest market share of 48% in 2024.
In 2024, the U.S. telehealth market accounted for USD 54.4 billion in revenue from USD 48.2 billion in 2023 and is anticipated to grow at a CAGR of 12.4% between 2025 and 2034.
The Europe telehealth market accounted for USD 36 billion in 2024 and is anticipated to show lucrative growth over the forecast period.
Germany is poised to achieve significant growth in the European telehealth market.
The Asia Pacific telehealth market is anticipated to witness significant growth over the analysis timeframe.
China is anticipated to grow significantly within the Asia Pacific telehealth market.
Brazil is projected to witness significant growth in the Latin America telehealth industry in the coming years.
Saudi Arabia is anticipated to grow in the Middle East and African telehealth market.
Telehealth Market Share
Telehealth presents a dynamic and competitive landscape driven by innovation, strategic partnerships, and expanding consumer demand. Leading players like Teladoc, Amwell, Doxy.me, LifeStance Health and Cisco Systems collectively account for a significant portion of the market share, estimated at around ~65%. These companies provide differentiated offerings across general medicine, behavioral health, and chronic care management. These companies leverage scalable platforms, AI-integration, and a hybrid care model to enhance patient engagement and provide efficiency.
Furthermore, emerging companies such as Sesame, Omnia TeleHealth, and Apollo Telehealth are gaining traction by targeting niche segments and underserved regions. Additionally, tech giants like Cisco Systems and Philips contribute through infrastructure and device integration. The market is also shaped by increasing adoption in tier 2 and tier 3 cities, regulatory support, and growing demand for mental health services. Thus, overall competition is intensifying with innovation and accessibility being key differentiated in sustaining market leadership.
Telehealth Market Companies
A few of the prominent players operating in the telehealth industry include:
Teladoc Health offers whole-person virtual care solutions through primary, mental, and chronic health services. Its global reach, strategic acquisitions like Livongo, and dual B2B/D2C model enable scalable, personalized care. In addition, strategic partnerships with Walmart and Apple further enhance their accessibility and brand strength
Amwell provides a HIPAA-compliant, SaaS-based telehealth platform that integrates seamlessly with existing healthcare systems. It supports urgent care, behavioral health, and chronic disease management, enabling branded experiences for hospitals, insurers, and employers. Its flexible, scalable model empowers hybrid healthcare delivery.
Doxy.me is a browser-based telemedicine platform requiring no downloads or setup. It offers free and premium versions, supports over 240 languages, and is widely used by independent providers and nonprofits. Its simplicity, security, and global accessibility make it ideal for small practices.
LifeStance Health specializes in mental health services through a hybrid model of in-person and virtual care. With over 7,500 clinicians across 33 states, it offers personalized therapy and psychiatry. Its insurance-friendly approach and broad service range make it a leader in behavioral healthcare.
Telehealth Industry News
The telehealth market research report includes in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Million from 2021 - 2034 for the following segments:
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Market, By Component
Market, By Delivery Mode
Market, By Specialty
Market, By End Use
The above information is provided for the following regions and countries: