Report: Telehealth Market Estimated to Reach $19.5B by 2025 | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Report: Telehealth Market Estimated to Reach $19.5B by 2025

April 2, 2018
by Heather Landi
| Reprints

The global telehealth market is forecasted to reach $19.5 billion by 2025, according to a report from market intelligence company Transparency Market Research.

The global telehealth market was valued at $6 billion in 2016 and is projected to expand at a compound annual growth rate (CAGR) of 13 percent from 2017 to 2025, according to the report. An increase in the geriatric population, a rise in the prevalence of chronic diseases such as diabetes, cardiovascular diseases, and others, and a surge in demand for self-care devices and solutions is predicted to drive the market through 2025, the report states. What’s more, technological advancement in medical imaging and mobile solutions for healthcare will also drive the market.

However, the report also notes that cyber threats and the rise in data security breaches will likely limit the market’s growth.

In the U.S., the telehealth market is predicted to grow 14.8 percent during this time period to reach $2.8 billion. North America and Europe are projected to dominate the global telehealth market during this time period, driven by government initiatives to increase adoption of telehealth solutions, technological advancements, and efforts of key players to expand their market presence in North America, the report notes.

The market in Asia Pacific is anticipated to grow by 15 percent through 2025. And, the report states that an aging population, a large patient pool suffering from chronic diseases, a surge in demand to cut down healthcare costs, and improving health care infrastructure in countries such as India, China, and Australia are estimated to propel the telehealth market through 2025.

The report also examines the global telehealth market by application and projects that radiology will account for a high share of the market, projected to expand at a CAGR of 13 percent from 2017 to 2025. “Telehealth technology and services enable knowledge and resource sharing between rural and urban areas in minimum time duration. Moreover, consistent evolution in information and communication technologies, effective image transfer, consultation and reporting, and scarcity of radiologists across the globe are the factors expected to drive the segment through 2015,” the report states.

Cardiology is another key application of telehealth and is anticipated to account for 19 percent market share by 2025. Increase in prevalence of cardiovascular diseases such as heart diseases and stroke are the factors likely to drive the segment during this time, the report states.

In terms of end-users, the report segments the global telehealth market into payers, providers, patients, and others. The providers segment accounted for major share, about half, in terms of revenue in 2016, due to an increase in adoption of telehealth products in healthcare settings and a rise in partnerships between companies and hospitals for telehealth systems. The payers segment is anticipated to grow at a higher CAGR through 2025, due to an increase in adoption of telehealth and connected medical devices by insurance companies for insurance claim management.

On a global level, the telehealth market is fragmented in terms of number of players providing hardware, software, and services, the report states. Key players contributing to the growth of the global telehealth market include Teladoc, Inc., American Well, BioTelemetry, Inc., Medtronic, Aerotel Medical Systems Ltd., InTouch Technologies, Inc., Koninklijke Philips N.V., Honeywell International, Inc., GE Healthcare, and AMD Global Telemedicine, Inc. According to the report, these key players have focused on inorganic growth strategies through various partnerships, collaboration, and expansions as a key strategy.

For instance, in March 2017, GE Healthcare acquired Monica Healthcare, a monitoring technology company dedicated toward improving the birthing experience and enhancing obstetric care through wearable wireless fetal monitoring devices, the report notes. Moreover, in January 2018, Royal Philips and American Well entered into strategic partnership. Through this partnership, the two companies will work together to embed American Well's mobile telehealth services into an array of Philips solutions for both healthy consumers and patients with a medical need, spanning personal health and wellness, population health management, and clinical programs.

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More



Healthcare Execs Anticipate High Cost Returns from Predictive Analytics Use

Healthcare executives are dedicating budget to predictive analytics, and are forecasting significant cost savings in return, according to new research from the Illinois-based Society of Actuaries.

Adam Boehler Tapped by Azar to Serve as Senior Value-Based Care Advisor

Adam Boehler, currently director of CMMI, has also been named the senior advisor for value-based transformation and innovation, HHS Secretary Alex Azar announced.

Vivli Launches Clinical Research Data-Sharing Platform

On July 19 a new global data-sharing and analytics platform called Vivli was unveiled. The nonprofit group’s mission is to promote, coordinate and facilitate scientific sharing and reuse of clinical research data.

Survey: More Effective IT Needed to Improve Patient Safety

In a Health Catalyst survey, physicians, nurses and healthcare executives said ineffective information technology, and the lack of real-time warnings for possible harm events, are key obstacles to achieving their organizations' patient safety goals.

Physicians Still Reluctant to Embrace Virtual Tech, Survey Finds

While consumers and physicians agree that virtual healthcare holds great promise for transforming care delivery, physicians still remain reluctant to embrace the technologies, according to a new Deloitte Center for Health Solutions survey.

Geisinger, AstraZeneca Partner on Asthma App Suite

Geisinger has partnered with pharmaceutical company AstraZeneca to create a suite of products that integrate into the electronic health record and engage asthma patients and their providers in co-managing the disease.