North America Telehealth Market Size & Outlook, 2023-2030
North America telehealth market, 2018-2030 (US$M)
Related Markets
North America telehealth market highlights
- The North America telehealth market generated a revenue of USD 46,813.5 million in 2023.
- The market is expected to grow at a CAGR of 22.4% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 46,813.5 million |
| Market revenue in 2030 | USD 192,286.0 million |
| Growth rate | 22.4% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Software |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 46.3% of the global telehealth market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 167,192.3 million by 2030.
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Telehealth Market Scope
Telehealth Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America 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 47.24% in 2023. Horizon Databook has segmented the North America telehealth market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
North America is one of the very first regions to adopt smart healthcare solutions, including various technologies such as mobile apps, smart wearables, and eHealth services, like EHR & telemedicine services, for remote access to information on serious & chronic healthcare conditions.
Factors such as rapid growth in adoption of smartphones, advancements in coverage networks, rise in the prevalence of chronic diseases, increase in geriatric population, rise in costs of health care, acute shortage of primary care givers, and increase in need for improved prevention & management of chronic conditions are responsible the growth of telehealth services in North America.
The U.S. is a leading market for telehealth technologies across the globe. Government aid and collaborations are prompting app developers and healthcare providers to come up with better digital solutions.
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Our clientele includes a mix of telehealth market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America telehealth market , including forecasts for subscribers. This continent databook contains high-level insights into North America telehealth market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America telehealth market size, by country, 2018-2030 (US$M)
North America Telehealth Market Outlook Share, 2023 & 2030 (US$M)
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