Teladoc Health, Inc., Siemens Healthcare GmbH, and Koninklijke Philips N.V. are Dominating the Global Telehealth Market in 2021

Global Telehealth Market is expected to grow with the CAGR of 9.4% in the forecast period of 2022 to 2029. The years considered for study are as mentioned below.

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Global telehealth market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global telehealth market are introducing strong range of products provider along with launching new products and adopting strategic initiative such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.

For instance:

  • In February 2022, Teladoc Health Inc. announced the first-of-its-kind experience with Amazon Alexa with the launch of voice-activated general medical virtual care on supported Echo devices, such as an Echo, Echo Dot, and Echo Show. This has increased the company's sales and product portfolio.
  • In April 2021, Siemens Healthcare GmbH announced that they have enter into strategic partnership with HMI for advance healthcare delivery in Southeast Asia which includes innovative medical technologies and digitalisation platforms, enhance clinical education and further develop Centres of Excellence (CoEs) in the key clinical areas of cancer, neuroscience and Cardiovascular diseases. This has increased company's overall revenue.

Teladoc Health Inc. is the dominating player in global telehealth market. The other key players existing in the market are Medtronic, F. Hoffmann-La Roche Ltd, Tunstall Group, ClearArch, Inc., Care Innovations, LLC, Cerner Corporation, Cisco Systems, Inc., Appello, AMD Global Telemedicine, American Well, Aerotel Medical Systems., Vidyo, Inc., eClinicalWorks, Epic System Inc, IBM CORPORATION and CareCloud, Inc.

Teladoc Health, Inc.

Teladoc Health, Inc. Company founded in the year 2002, Headquarter in California, U.S. The company focuses on providing end-to-end virtual care platform, integrated devices, operational support services, Teladoc Health solution, and others.

Company provide products via various product category such as Devices, Platform, and Solutions in which Devices is market focused.

For instance,

  • In February 2022, Teladoc Health Inc. announced the first-of-its-kind experience with Amazon Alexa with the launch of voice-activated general medical virtual care on supported Echo devices, such as an Echo, Echo Dot, and Echo Show. This has increased the company's sales and product portfolio.

The company has wide presence across North America, Europe, Middle East and Africa, South America, Asia-Pacific. Company has various subsidiary such as AcuteCare Telemedicine, LLC (U.S.), Advance Holdco Limited (England and Wales), Advance Medical Health Care Management Services Chile S.A. (Chile), Advance Medical, Inc. (U.S.), AM Healthcare Management Consulting Sdn. Bhd. (Malasia), among others.

Siemens Healthcare GmbH

Siemens Healthcare GmbH founded in the year 1847, headquarter in Munich, Germany. The company focuses on the areas of automation and digitalization in the process and manufacturing industries, intelligent infrastructure for buildings and distributed energy systems, smart mobility solutions for rail and road and medical technology and digital healthcare services. The company operating in various business segment such as Digital Industries, Smart Infrastructure, Mobility and Siemens Healthineers in which Siemens Healthineers is market focused.

Company provide products via various product category such as Building Technology, Drive Technology, Energy, Financing, Healthcare, Industrial Automation, Mobility, Services, Software, Consumer Products in which healthcare is market focused

For instance,

  • In April 2021, Siemens Healthcare GmbH announced that they have enter into strategic partnership with HMI for advance healthcare delivery in Southeast Asia which includes innovative medical technologies and digitalisation platforms, enhance clinical education and further develop Centres of Excellence (CoEs) in the key clinical areas of cancer, neuroscience and Cardiovascular diseases. This has increased company's overall revenue.

The company has presence across North America, Europe, Middle East and Africa, South America and Asia-Pacific. Company has various subsidiary such as Siemens Healthineers AG (Germany), Kyros 65 GmbH (Germany), Aimsun Pty Ltd (Austraila), Siemens Ltd., (China) Acrorad Co.Ltd.,(Japan), among others.

Koninklijke Philips N.V.

Koninklijke Philips N.V., Founded in the year 1891, headquarter in Amsterdam, Netherland. The company focuses on improving people’s health and well-being through meaningful innovation. The company operating in various business segment such as Diagnosis & Treatment businesses, Connected Care businesses, Personal Health businesses and others in which Connected Care businesses is market focused.

Company provide products via various product category such Clinical Modalities, Patients Care Monitoring, Imaging, Healthcare IT, Sleep Care, Respiratory Care and Image Guided Therapy in which Patients Care Monitoring is market focused.

For instance,

  • In March 2021, Koninklijke Philips N.V. announced a partnership agreement with Orbita Inc. to co-create next-generation conversational virtual assistants for Philips’ consumer health and patient support applications. This has increased the company’s product portfolio and sales.

The company has presence across North America, Europe, Middle East and Africa, South America and Asia-Pacific. Company has various subsidiary such as Philips Argentina Sociedad Anónima (Argentina), Philips Domestic Appliances Australia Pty Ltd (Australia), Philips Vietnam Limited (Vietnam), Philips Uruguay S.A. (Uruguay), among others.