Telehealth Industry Report 2024: Market Data & Insights

Innovations in telehealth platforms and virtual care enhance patient care and healthcare outcomes. This report explores key market data, emerging trends, and strategic insights that address challenges such as data security and regulatory compliance for stakeholders in the telehealth sector.

The 2024 Telehealth Industry Report details the latest trends, key players, and significant investments shaping the industry. It explores the landscape of telehealth and highlights its impact on patient care, workforce expansion, and technological innovation. While the telehealth industry is experiencing growth, technological advancement and increasing demand for accessible healthcare drive the global healthcare system.

This telehealth report serves as a reference for stakeholders within the industry, investors, policymakers, and economic analysts, providing a snapshot of the industry’s health to map its trajectory for innovation and growth in the coming years.

StartUs Insights Telehealth Industry Report 2024

Telehealth Industry Report 2024 | StartUs Insights

Executive Summary: Telehealth Report 2024

This report is created using data obtained from the Big Data and AI-powered StartUs Insights Discovery Platform, covering more than 4.7 million global companies, as well as 20K+ technologies and emerging trends. We also analyzed a sample of 8500+ telehealth startups developing innovative solutions to present five examples from emerging telehealth industry trends.

  • Industry Growth Overview: The telehealth industry has over 55000 companies currently operating in the sector. The industry experienced an annual growth rate of 11.83%.
  • Manpower & Employment Growth: This sector employs approximately 6 million professionals worldwide. Last year, the industry added over 393K new employees.
  • Patents & Grants: Innovation is expanding with over 4510 patents and more than 6860 grants awarded.
  • Global Footprint: The industry centers around key geographical hubs, with the USA, India, the UK, Australia, and Canada being the top five countries and major city hubs in New York City, London, Melbourne, Sydney, and San Francisco.
  • Investment Landscape: The average investment value in the telehealth industry stands at USD 21 million per funding round. The sector attracted 4600+ investors and closed 22K+ funding rounds. Over 7120 companies in the telehealth industry received investment.
  • Top Investors: The top investors in the telehealth industry are General Catalyst, Coatue, Founders Fund, and more. They have collectively invested over USD 3.4 billion.
  • Startup Ecosystem: Five innovative startup features include MD Integrations (white-label telemedicine platform), Gemedico (teleradiology portal), Oculus Maxima (AI-powered eye examinations), Tucuvi Care (phone monitoring empathic automation), and Tenovi (remote monitoring device).
  • Recommendations for Stakeholders: Investors should focus on AI-driven diagnostics, remote patient monitoring systems, and telehealth platforms with strong cybersecurity measures. Innovation for user-centric telehealth solutions that integrate with existing healthcare systems will drive entrepreneurship and business expansion. Governments should implement policies that support telehealth infrastructure, such as broadband expansion in underserved areas and electricity solutions for rural areas.

Explore the Data-driven Telehealth Market Report for 2024

The Telehealth Report 2024 uses data from the Discovery Platform and encapsulates the key metrics that underline the sector’s dynamic growth and innovation. The telehealth industry is marked by growth and an increase in innovation. With 8500+ startups and over 55000 companies in our database, the telehealth sector expands its footprint globally. This growth reflects the industry’s 11.83% annual growth rate.

Innovation is demonstrated by over 4510 patents filed and over 6860 grants awarded. The global telehealth workforce showcases its employment of approximately 6 million professionals. The workforce saw growth with an addition of over 393K employees last year. This increase underscores the industry’s expanding role in the global healthcare system and its capacity to create new jobs worldwide.

The industry centers around key geographical hubs that drive its growth and development. The top five country hubs include the USA, India, the UK, Australia, and Canada. These countries drive innovation and implementation in the industry. New York City, London, Melbourne, Sydney, and San Francisco are the top five city hubs, each contributing with research, investments, and attracting a skilled workforce.

What data is used to create this telehealth industry outlook?

Based on the data provided by our Discovery Platform, we observe that the telehealth industry ranks among the top 5% in the following categories relative to all 20K topics in our database. These categories provide a comprehensive overview of the industry’s key metrics and inform the short-term future direction of the industry.

  • News Coverage & Publications: Over 8310 news articles were published on the telehealth industry in the last year alone.
  • Funding Rounds: The sector closed more than 22K funding rounds.
  • Manpower: The industry employs over 6 million workers globally. last year, it added 393K+ new employees.
  • Patents: More than 4510 technologies filed for patents in the telehealth industry.
  • Grants: The sector also received 6860+ grants.
  • Yearly Global Search Growth: The industry saw a 28.22% yearly growth in global search interest to reflect increasing public and professional engagement.
  • and more. Contact us to explore all data points used to create this e-health outlook.

A Snapshot of the Global Telehealth Market

The telehealth industry experiences growth and attracts substantial investment to reflect its role in the modern healthcare landscape. It employs a workforce of approximately 6 million professionals globally. This number underscores the industry’s reach and its importance in providing accessible healthcare solutions. In the past year alone, the industry experienced an increase in employment by adding more than 393K new employees. It highlights the sector’s expansion and its capacity to create job opportunities worldwide.

Moreover, the telehealth industry encompasses 55000+ businesses operating within this space. This diverse ecosystem includes startups, established firms, and everything in between, contributing to the continuous innovation and development of telehealth services.

Explore the Funding Landscape of the Telehealth Industry

The average investment value in the telehealth industry stands at USD 21 million per funding round. In addition, the industry attracted more than 4600 investors and showcased its interest and support from various financial backers.

The telehealth sector closed over 22K funding rounds, further emphasizing the active investment landscape. Over 7120 companies in the telehealth industry received investment to illustrate the appeal and potential of telehealth solutions across different regions and applications. These investments drive the development of new technologies, expanding services, and improving healthcare accessibility and efficiency.

Who is Investing in Telehealth?

The telehealth industry attracted significant investment from top-tier investors, with a combined value exceeding USD 3.4 billion. Here are the key contributors:

  • General Catalyst backed 16 companies, contributing USD 618 million.
  • Coatue funded 5 companies, with a total investment of USD 552 million.
  • Founders Fund supported 5 companies, investing USD 504 million.
  • Warburg Pincus allocated funds to 5 companies, amounting to USD 470 million.
  • General Atlantic invested in 12 companies, with a total of USD 441 million.
  • BlackRock financed 4 companies, contributing USD 419 million.
  • Tencent provided capital to 5 companies, investing USD 394 million.
  • and more. Reach out to explore all investment data in the telehealth industry.

The Behavioral Health Care trend comprises 8253 companies. It employs approximately 2 million professionals and added 80K new employees in the last year alone. With an annual trend growth rate of 7.61%, the sector continues to evolve with increased awareness of mental health issues and the convenience of remote therapy sessions. 

Telemonitoring involves 264 identified companies. This trend employs 32000 professionals and experienced growth with the addition of 1600 new employees in the past year. The annual trend growth rate of 3.84% indicates expansion. 

Digital Medicine features 204 companies and employs 11400 professionals. The industry welcomed 1200 new employees in the last year. With an annual trend growth rate of 23.54%, digital medicine integrates digital technologies and therapeutic interventions.

5 Top Examples from 8500+ Innovative Telehealth Startups

The five innovative startups showcased below are picked based on data including the trend they operate within and their relevance, founding year, funding status, and more. Get in touch with us to find promising startups, emerging trends, or industry data specific to your company’s needs and objectives.

MD Integrations develops a White-Label Telemedicine Platform

US-based startup MD Integrations provides on-demand virtual care with its platform, MDI Portal. The portal features white-labeled apps and customizable intake forms for patient registration. Its AI Assist Care enhances efficiency and reduces human error, while APIs and webhooks enable custom integrations for end-to-end flows. The platform supports patient messaging with text, audio, and video. It serves pharmaceutical, digital health, weight loss, and wellness companies.

Gemedico builds a Teleradiology Portal

German startup Gemedico provides advanced workflow solutions for teleradiology. Its TR portal offers smart management of justifiable indications for creation and editing. Data transmission occurs in the background without user interaction. The platform features automatic forwarding rules based on parameters such as after extra time (AET), port, day of the week, and time. Its digital imaging and communications in medicine (DICOM) gateway serves as a network access and image exchange solution.

Oculus Maxima provides AI-powered Eye Examinations

UK-based startup Oculus Maxima provides premier eye care services through advanced AI technology and teleophthalmology solutions. The AI technology employs deep learning and computer vision algorithms to deliver diagnostic insights from real-time ocular images. These algorithms interpret data, extract patterns, and generate precise predictions about ocular pathologies. The system’s computer vision algorithms analyze key eye features to enhance diagnostic accuracy. By integrating these technologies, Oculus Maxima advances remote eye examinations.

Tucuvi Care enables Empathic Automation

Spanish startup Tucuvi Care automates medical phone monitoring through an AI platform for empathic automation. The platform integrates seamlessly with electronic health records (EHR) systems via API. It uses natural language processing (NLP) algorithms for offering its virtual assistant, Lola, who conducts natural conversations with patients and automates clinical protocols. The AI technology provides human-like latency, and the platform generates alerts and structured reports on patients’ health status to improve care management. 

Tenovi creates a Remote Monitoring Device

US-based startup Tenovi develops advanced remote patient monitoring (RPM) devices. The startup uses its Tenovi Cellular Gateway to transmit patient vitals automatically and securely to the Tenovi cloud in real-time. The care management team reviews patient data via the Tenovi Remote Patient Monitoring Dashboard or integrates the data directly into their software through APIs. The remote patient monitoring devices assist with tracking medication, activity, temperature, blood glucose, and blood pressure.

Gain Comprehensive Insights into Telehealth Trends, Startups, or Technologies

The 2024 telehealth industry report presents an industry reshaping healthcare. With substantial investments, employment growth, and continuous technological advancement, telehealth addresses global healthcare challenges effectively such as data security, patient adherence, and integration with existing systems. Advanced encryption technologies, user-friendly platforms that enhance patient compliance, and API integrations for interoperability tackle these challenges and improve healthcare accessibility. Contact us to explore all 8500+ startups and scaleups, as well as all industry trends impacting the global telehealth market.

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