Global Telecare Market Size & Outlook, 2023-2030
Global telecare market, 2018-2030 (US$M)
Related Markets
Global telecare market highlights
- The global telecare market generated a revenue of USD 4,390.7 million in 2023 and is expected to reach USD 6,344.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.4% by 2030.
- In terms of segment, remote medication management accounted for a revenue of USD 2,213.7 million in 2023.
- Remote Medication Management is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,390.7 million |
| Market revenue in 2030 | USD 6,344.1 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Remote medication management |
| Fastest growing segment | Remote Medication Management |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Activity Monitoring, Remote Medication Management |
Other key industry trends
- In terms of revenue, the North America accounted for 48.9% of the global telecare market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 1,739.4 million by 2030.
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Telecare Market Scope
Telecare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global telecare market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to telecare market will help companies and investors design strategic landscapes.
Remote medication management was the largest segment with a revenue share of 50.42% in 2023. Horizon Databook has segmented the Global telecare market based on activity monitoring, remote medication management covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Telecare Type Outlook (Revenue, USD Million, 2018-2030)
- Activity Monitoring
- Remote Medication Management
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Horizon Databook provides a detailed overview of global-level data and insights on the Global telecare market, including forecasts for subscribers. This global databook contains high-level insights into Global telecare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global telecare market size, by regions, 2018-2030 (US$M)
Top 10 countries: Telecare market size, 2023 (US$M)
Global telecare market share, by type, 2023 & 2030 (%, US$M)
Telecare market: Opportunity assessment by country
Global telecare market, by region, 2023 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,609.2 | 1,643.0 | 1,761.6 | 1,897.7 | 2,027.7 | 2,149.0 | 2,267.5 | 2,378.2 | 2,479.5 | 2,569.4 | 2,646.4 | 2,709.0 | 2,756.0 | 3.6% |
| Europe | 594.5 | 614.8 | 655.3 | 703.6 | 751.9 | 796.9 | 840.9 | 882.1 | 919.7 | 953.1 | 981.8 | 1,005.1 | 1,022.7 | 3.6% |
| Asia Pacific | 505.9 | 564.0 | 644.6 | 709.3 | 790.6 | 873.8 | 961.0 | 1,050.3 | 1,140.6 | 1,230.8 | 1,319.8 | 1,406.3 | 1,489.0 | 7.9% |
| Latin America | 153.1 | 164.3 | 185.9 | 205.3 | 227.5 | 250.1 | 273.7 | 297.6 | 321.7 | 345.6 | 369.0 | 391.5 | 412.9 | 7.4% |
| MEA | 139.6 | 173.5 | 208.7 | 240.8 | 279.7 | 321.0 | 365.4 | 412.2 | 460.9 | 511.1 | 562.0 | 613.1 | 663.6 | 10.9% |
| Overall | 3,002.3 | 3,159.5 | 3,456.1 | 3,756.7 | 4,077.4 | 4,390.7 | 4,708.4 | 5,020.3 | 5,322.3 | 5,610.0 | 5,879.0 | 6,125.1 | 6,344.1 | 5.4% |
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