Telehealth Market Share

On the basis of region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Out of these, telehealth market is anticipated to hold the largest share in North America industry is estimated to dominate majority revenue share of 45% by 2036, which is anticipated to further grow in the next few years. The growth in this region can be attributed to the increase in investments towards healthcare from government and private entities to ensure high quality healthcare that is being provided by the numerous healthcare facilities. The market in the United States is projected to account for driving the growth in this region by attaining a market value of USD 13,064.87 million in 2019. On the back of rising adoption of innovative physician consultation services and patient monitoring methods, the market is expected to grow over the forecast period. The market in Asia Pacific region is predicted to grow at the highest rate with a CAGR of 18.01% over the forecast period. The increasing availability of advanced healthcare in this region, especially in countries such as China, Japan and India, along with rising number of service providers and manufacturers investing in these countries, the demand for telehealth products in Asia Pacific is anticipated to result in a rapid growth over the forecast period. On the other hand, the market in Europe is predicted to grow on the back of increasing innovation in healthcare and medical treatment methods, resulting in a rising demand for effective monitoring products in the region for time sensitive diagnosis.