Australia Telehealth Market Size & Outlook, 2023-2030
Australia telehealth market, 2018-2030 (US$M)
Related Markets
Australia telehealth market highlights
- The Australia telehealth market generated a revenue of USD 3,894.1 million in 2023 and is expected to reach USD 21,834.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 27.9% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
Telehealth market data book summary
| Market revenue in 2023 | USD 3,894.1 million |
| Market revenue in 2030 | USD 21,834.9 million |
| Growth rate | 27.9% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Oracle Corp, Siemens Healthineers AG ADR, Medtronic PLC, Teladoc Health Inc, American Well Corp Ordinary Shares - Class A, Evernorth, Doctor On Demand, Global Med Technologies |
Other key industry trends
- In terms of revenue, Australia accounted for 3.8% of the global telehealth market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China telehealth market is projected to lead the regional market in terms of revenue in 2030.
- South Korea is the fastest growing regional market in Asia Pacific and is projected to reach USD 17,424.3 million by 2030.
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Telehealth Market Scope
Telehealth Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia telehealth 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 telehealth market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 47.38% in 2023. Horizon Databook has segmented the Australia telehealth market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
Australia is one of the leading nations in integrating digital technology into healthcare. Government backed initiatives are among the major factors boosting market growth in the country. For instance, in 2018, the government announced its plans to implement its proposal to create a digital health record of every Australian.
This would help patients and physicians seamlessly access healthcare information across multiple healthcare data sources. Australia is a developed country with strong electronic and telecommunication technology. However, some rural and remote areas in Australia have limited penetration of these technologies and are untapped.
Therefore, advanced technologies, such as telehealth, can be used to provide easy access to healthcare facilities. In the recent years, the Government of Australia introduced financial incentives to provide and enhance telehealth services.
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Our clientele includes a mix of telehealth market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Australia telehealth market , including forecasts for subscribers. This country databook contains high-level insights into Australia telehealth market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia telehealth market size, by product, 2018-2030 (US$M)
Australia Telehealth Market Outlook Share, 2023 & 2030 (US$M)
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