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COVID-19 Impacts: Telehealth Market Will Accelerate at a CAGR of Over 25% Through 2020-2024 | Growing Prevalence of Chronic Illnesses to Boost Growth | Technavio

·5 mins read

Technavio has been monitoring the telehealth market and it is poised to grow by USD 95.72 billion during 2020-2024, progressing at a CAGR of 25% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201002005044/en/

Technavio has announced its latest market research report titled Global Telehealth Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

  • At what CAGR is the market projected to grow in the forecast period 2020-2024?

  • Growing at a CAGR of over 25%, the market growth will accelerate in the forecast period of 2020-2024.

  • What is the key factor driving the market?

  • Growing prevalence of chronic illnesses is one of the key factors driving the market growth.

  • Who are the top players in the market?

  • American Well Corp., Cisco Systems Inc., Doctor On Demand Inc., Enghouse Systems Ltd., General Electric Co., Honeywell International Inc., Koninklijke Philips NV, MDLIVE Inc., Medtronic Plc, and Teladoc Health Inc. are some of the major market participants.

  • Which region is expected to hold the highest market share?

  • Europe

  • What is the major trend in the market?

  • Growing number of M&A is a major trend driving the market growth.

  • What is the year-over-year growth rate of the global market?

  • The year-over-year growth rate for 2020 is estimated at 24.11%.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. American Well Corp., Cisco Systems Inc., Doctor On Demand Inc., Enghouse Systems Ltd., General Electric Co., Honeywell International Inc., Koninklijke Philips NV, MDLIVE Inc., Medtronic Plc, and Teladoc Health Inc. are some of the major market participants. The growing prevalence of chronic illnesses will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Telehealth Market 2020-2024: Segmentation

Telehealth Market is segmented as below:

  • Product

    • Services

    • Solutions

  • Geographic Landscape

    • Asia

    • Europe

    • North America

    • ROW

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40923

Telehealth Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our telehealth market report covers the following areas:

  • Telehealth Market size

  • Telehealth Market trends

  • Telehealth Market analysis

This study identifies the growing number of M&A as one of the prime reasons driving the telehealth market growth during the next few years.

Telehealth Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the telehealth market, including some of the vendors such as American Well Corp., Cisco Systems Inc., Doctor On Demand Inc., Enghouse Systems Ltd., General Electric Co., Honeywell International Inc., Koninklijke Philips NV, MDLIVE Inc., Medtronic Plc, and Teladoc Health Inc. Backed with competitive intelligence and benchmarking, our research reports on the telehealth market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Telehealth Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist telehealth market growth during the next five years

  • Estimation of the telehealth market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the telehealth market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of telehealth market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Product

  • Market segments

  • Comparison by Product placement

  • Services - Market size and forecast 2019-2024

  • Solutions - Market size and forecast 2019-2024

  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • Asia - Market size and forecast 2019-2024

  • ROW - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers

  • Volume driver - Demand led growth

  • Volume driver - Supply led growth

  • Volume driver - External factors

  • Volume driver - Demand shift in adjacent markets

  • Price driver - Inflation

  • Price driver - Shift from lower to higher-priced units

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • American Well Corp.

  • Cisco Systems, Inc.

  • Doctor On Demand, Inc.

  • Enghouse Systems Ltd.

  • General Electric Co.

  • Honeywell International Inc.

  • Koninklijke Philips NV

  • MDLIVE Inc.

  • Medtronic Plc

  • Teladoc Health Inc.


  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201002005044/en/


Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/