Telecare Market Size & Trends
The size of the global telecare market was estimated at USD 4.71 billion in 2024 and is expected to grow at a CAGR of 4.79% during 2025-2030.
The rising development of technology to offer more streamlined and better healthcare services to patients is expected to propel the market in the forecast years.
Key Highlights
North America commanded the telecare market with the highest revenue share of 49.13% in 2024.
The U.S. held the highest market revenue share in North America in 2024, driven by the demand for remote healthcare services.
The remote medication management type segment dominated the market with the highest revenue share of 50.97% in 2024 and is expected to grow at the highest CAGR during the forecast period.
For example, in March 2023, Royal Philips launched Philips Virtual Care Management, providing extensive sets of flexible solutions and services for health systems, providers, payers, and employer groups to connect and care for patients effectively from anywhere. Moreover, rising awareness for keeping body fit and boosting the penetration rate of the internet and smartphones also drive market growth.
Furthermore, technological advancements in digital health, telecommunication, and electronic health record systems also play a crucial role in boosting the adoption of telecare devices for expanding rehabilitation, health, and wellness services. Additionally, the increasing volume of health apps for monitoring activity and ongoing enhancements in the quality of apps by developers is also anticipated to propel the market growth.
Additionally, telecare services assist in health monitoring among the elderly. The technology and software employed by telecare remote monitoring centers can monitor and support older individuals with abnormally behaving, which will increase their uptake. In addition, the increasing geriatric population across the globe is expected to propel the market for telecare during the forecast years. For instance, according to the World Health Organization (WHO), by 2030, one in six people is expected to be aged over 60 years across the world. Moreover, some telecare technologies track the environmental conditions and unconsciousness of the older adult and automatically trigger the required response. These kinds of technological advancements thereby further support market growth.
Telecare is an integral component of the broader telehealth ecosystem. It is centered on the support of persons, especially the elderly and those with chronic ailments, in their day-to-day health needs using technology. These include services like monitoring of activities, management of medication remotely, and systems for emergency response, all for the purpose of sustaining independence and improving quality of life. The uptake of telehealth has grown substantially, thanks to waivers that have enabled more services to be provided via this channel and guaranteed payment to service providers. It has proved safe and effective with high satisfaction rates among both clinicians and patients.
It is spurred by government efforts aimed at enhancing the accessibility of healthcare and minimizing healthcare expenditure. Several governments have introduced programs to promote the uptake of telemedicine services and remote patient monitoring. For example, the U.S. Centers for Medicare and Medicaid Services (CMS) has introduced a number of initiatives to foster telemedicine uptake, including the Medicare Telehealth Program. These initiatives have provided a supportive environment for telecare companies to thrive and expand. Other drivers of growth in the telecare market are technological advancements in artificial intelligence and machine learning, which allow more precise and tailored remote care services, and widening use of cloud-based solutions, which allow data exchange and storage with ease.
Report Coverage & Deliverables
- Competitive benchmarking
- Historical data & forecasts
- Company revenue shares
- Regional opportunities
- Latest trends & dynamics
Market Concentration & Characteristics
Telecare business is distinguished by a great rate of innovation through technological evolution, shifting patients' needs, and the urgency to find inexpensive answers. The market is under rapid evolution as constantly new technology and products hit the market. Progress in AI and ML enables higher-level patient remote monitoring solutions to be built, AI-based telecare mobile applications to sift information and create specific insights to transmit to physicians. For example, in February 2022, virtual care and digital therapeutics firm Biofourmis debuted Biofourmis Care. This tech-enabled care management service delivers remote care to people with chronic diseases. It has automated medication management that helps care teams adjust medications remotely, providing customized therapy to every patient.
Regulations, in particular the 1996 Health Insurance Portability and Accountability Act (HIPAA) and subsequent amendments through the Health Information Technology for Economic and Clinical Health (HITECH) Act, have a positive influence on market growth. These regulations are vital for ensuring the safe handling and privacy of electronic health information and in setting the operational context and the compliance requirements for telecare services, with particular relevance in the U.S.
The telecare market is dominated by a moderate degree of merger and acquisition (M&A) activities by prominent companies. Telecare industry leaders have taken over small firms to acquire new technology, skills, and customers. For example, in April 2024, OMRON Healthcare, Co., Ltd. acquired Luscii Healthtech, an online health and remote consultation service platform. This acquisition is helping Luscii build an end-to-end service that collaboratively supports healthcare professionals, ranging from doctors to hospitals, all under a single integrated platform.
The telecare market is experiencing high levels of product growth, fueled by advancements in technologies like artificial intelligence, the Internet of Things (IoT), and cloud computing. New products and services are being developed to address the increasing need for remote patient monitoring, virtual care, and individualized health management. For example, Pylo Health in January 2024, the remote patient monitoring device company, and Prevounce partner, announced two new leading-edge patient devicesthe Pylo 900-LTE and the Pylo 200-LTE, weight scale and blood pressure monitor.
Type Insights
The segment of remote medication management captured the highest market revenue share of50.97% in 2024 and is expected to grow at the highest CAGR during the forecast period. It is driven by various factors like an aging population, rising incidences of chronic diseases, increasing use of elderly telecare applications and technological changes. Activity monitor devices provide real-time tracking and analysis of a person's movements so that caregivers and healthcare professionals can track the activity and health of their patients remotely. For example, in October 2023, ActiGraph launched a revolutionary new generation of Bluetooth Smart activity monitors, the wGT3X-BT, with wireless communication, data capture, and wear time screening features. When used with the ActiLife software platform and the ActiLife Mobile app, this cutting-edge device provides the most innovative features available in the marketplace.
Besides, the combination of artificial intelligence and machine learning algorithms boosts the capabilities of these devices so that they can identify patterns and anomalies in behavior that could suggest underlying health problems or emergency conditions. Consequently, demand for activity monitoring solutions has exploded in the telecare sector, fueling considerable growth and innovation in this sector.
The activity monitoring space is expected to expand at the high CAGR during the forecast period, driven by the rise in technological advancements and healthcare access and outcomes. Through integration of digital platforms and smart devices, remote medication management solution provides better medication compliance, dose tracking, and real-time communication between healthcare professionals and patients. For example, Garmin Malaysia introduced the HRM-Fit in March 2024, an innovative heart rate monitor tailored for women. Designed with a clip-on feature, it can be clipped onto medium and high-support sports bras in a way that maximizes comfort while tracking real-time heart rate and exercise data with accuracy. This growth trend is set to continue as healthcare systems focus on remote monitoring and management solutions to maximize patient care and minimize healthcare expenditure.
Regional Insights
North America led the telecare market with the highest revenue percentage of 49.13% in 2024. This is due to various reasons like the extensive penetration of smartphones and the internet, increasing awareness among people to take care of physical health and the adoption of remote healthcare services. Further, the rising incidence of chronic diseases in conjunction with a growing geriatric population are some of the key drivers that are expected to propel the market growth in this region. Apart from that, the growing number of telecare providers and presence of dominant players in the U.S. are also contributing towards adoption of these services in this region.
U.S. Telecare Market Trends
The U.S. telecare market reflected the highest revenue share in the North American market in 2024 due to the need for remote healthcare services. The Food and Drug Administration (FDA) governs with regulatory surveillance, scrutinizing telecare technologies for approval through robust mechanisms guaranteeing efficacy and safety. For example, in March 2024, Analog Devices, Inc. announced the U.S. Food and Drug Administration (FDA) clearance of the 510(k) submission of its Sensinel Cardiopulmonary Management System. The small wearable device is a remote, non-invasive monitoring system that takes cardiopulmonary measurements, facilitating remote management of conditions like heart failure. The approval process is usually undertaken after extensive evaluations of device function, data security, and compliance with regulatory specifications. This tough regulatory environment guarantees the effectiveness and reliability of telecare solutions, ensuring sustained market growth.
Europe Telecare Market Trends
The Europe telecare market will experience a high CAGR during the forecast period. The telecare industry in Europe will be transformed by innovation in the form of wearable devices, remote monitoring systems, and telemedicine platforms, ushering in a new era of healthcare delivery that facilitates independence and enhances access to care for citizens across Europe. These advancements facilitate real-time monitoring of health, timely interventions, and better communication between patients and healthcare professionals, fueling the expansion of the European telecare market. For example, in March 2023, Fractyl Health launched the Revita+ telehealth program. The program integrates behavioral suggestions with Revita treatment for Type 2 diabetes. These solutions now provide high-end capabilities like wearable sensors for tele-monitored monitoring, machine learning-based rehabilitation programs, and virtual reality-based therapy interventions.
The UK telecare market is expected to record at a high CAGR over the forecast period, driven by growing uptake of remote healthcare services. Leading players have taken strategic initiatives to increase their market reach through acquisitions and collaborations. For example, in November 2023, AstraZeneca launched Evinova, a new health-tech company that aims to drive life sciences innovation faster and better, with the goal of better patient outcomes. Evinova has an emphasis on building digital solutions, such as remote monitoring of patients and digital therapeutics, with a strong pipeline of emerging products across these fields. These programs are intended to expand product and service capabilities, meeting the increasing demand for telecare services in the UK. With an emphasis on innovation and customer-focused solutions, such businesses are spearheading market expansion and defining the future of telecare in the UK.
Asia Pacific Telecare Market Trends
Asia Pacifictelecare market is expected to exhibit at the highest CAGR during the forecast period due to a high population base and expanding need for remote management of healthcare. Also, expansion in users of the internet and -expanding smartphone penetration is expected to lead to the growth of the market during the forecast period in Asia Pacific. In addition to that, mounting government support in an effort to adopt digital health platforms is supporting growth in this region.
The telecare market in South Korea is likely to record a significant CAGR throughout the forecast period. The South Korean government initiated a pilot program in the initial half of 2018 with core investments in the digitalization of the health system to enhance digital uptake in healthcare. Additionally, high rates of smartphone penetration are likely to drive growth in the market. As per a report by South Korea's Ministry of Science and ICT, smartphone penetration in South Korea stood at 96% in 2022.
Latin America Telecare Market Trends
The Latin American telecare market is expected to see at a significant CAGR during the forecast period. Focusing on increasing access to healthcare services in remote and underserved regions, telecare technology is becoming more popular. Emerging technologies like mobile health apps, elderly telecare apps, and wearable devices provide cost-effective and timely healthcare alternatives, contributing to market growth throughout Latin America.
The Argentina telecare market is expected to record a significant CAGR over the forecast period. Trends like the rising use of digital health technologies, government efforts towards enhancing healthcare accessibility, and increasing prevalence of chronic diseases are driving demand for telecare solutions across the country. The Argentinian government emphasizes ensuring access to healthcare across underdeveloped regions of the nation by digitalizing healthcare, such as telehealth and management of EHR. Argentina raised investments in digital health during March 2021 in order to bridge the loopholes in the healthcare ecosystem.
Middle East & Africa Telecare Market Trends
Middle East and Africatelcare market is expected to observe at a significant CAGR through the forecast period. South Africa, Saudi Arabia, and UAE in the Middle East are thriving. Developments in healthcare infrastructure are likely to implement digital health in these nations. With the development of technology and enhanced accessibility, telecare services are increasingly available throughout the region, meeting the rising demand for convenient and effective healthcare services.
Kuwait telecare market is expected to record a significant CAGR over the forecast period. Kuwait's healthcare industry is witnessing an increased demand for telecare solutions because of various driving factors. Growth in chronic diseases and a rising geriatric population are increasing the demand for remote patient monitoring as well as customized healthcare solutions. Furthermore, increasing healthcare expenses are leading to the implementation of cost-saving telecare solutions in order to enhance patient outcomes and ease the burden of the healthcare system.
Key Telecare Company Insights
The key players in the market have been involved in mergers and acquisitions to increase their share and provide innovative solutions for users, which is anticipated to boost the market's growth during the forecast period.
Key Telecare Companies
The following are the leading companies in the telecare market. These companies collectively hold the largest market share and dictate industry trends.
- Teladoc Health, Inc.
- Abbott Laboratories
- Johnson and Johnson
- AstraZeneca PLC
- F. Hoffmann-La Roche Ltd.
- Novartis AG
- Bristol-Myers Squibb Company
- GlaxoSmithKline plc
- Merck and Co., Inc.
- Pfizer, Inc.
- Sanofi
- Samsung Electronics Co. Ltd
- Qualcomm Technologies, Inc.
- Orange
- Google (Alphabet), Inc
- Allscripts
- Airstrip Technologies, Inc.
- AT&T
- Apple, Inc.
Recent Developments
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In December 2024, business-to-business technology company Skyresponse AB entered into a partnership with telecommunications company OneCo Technologies AS. The two companies have entered into this partnership to leverage each other's strengths in order to provide innovative, integrated telecare solutions for hospitals, institutions, independent living, and care homes in the public and private sectors.
In June of 2024, Ascom launched the Activity Monitoring solution that is specifically suited for long-term care facilities. This cutting-edge software offers an all-encompassing solution in monitoring the residents' health by allowing early recognition and forecasting of any deterioration of their well-being.
In March 2023, Royal Philips launched Philips Virtual Care Management, providing a broad portfolio of flexible solutions and services for payers, employer groups, and providers to effectively engage and support patients from anywhere.
In October 2023, ActiGraph introduced a Bluetooth Smart activity monitor, the wGT3X-BT, which will transform the industry with its advanced wireless communication, data capture, and wear time screening features.
Telecare Market Report Scope
|
Report Attribute |
Details |
|
Market size value in 2025 |
USD 5.02 billion |
|
Revenue forecast in 2030 |
USD 6.34 billion |
|
Growth rate |
CAGR of 4.79% from 2025 to 2030 |
|
Base year for estimation |
2024 |
|
Historical data |
2018 - 2023 |
|
Forecast data |
2025 - 2030 |
|
Quantitative units |
Revenue in USD million/billion, and CAGR from 2025 to 2030 |
|
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments covered |
Type, region |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; MEA |
|
Country scope |
U.S.; Canada; Mexico; UK; Germany; Spain; France; Italy; Spain; Denmark; Sweden; Norway; China; Japan; India; Australia; South Korea; Thailand; Brazil; Argentina; South Africa; Saudi Arabia; UAE; Kuwait |
|
Key companies profiled |
Teladoc Health, Inc.; Abbott Laboratories; Johnson and Johnson; AstraZeneca PLC; F. Hoffmann-La Roche Ltd.; Novartis AG; Bristol-Myers Squibb Company; GlaxoSmithKline plc; Merck and Co., Inc.; Pfizer, Inc.; Sanofi; Samsung Electronics Co. Ltd; Qualcomm Technologies, Inc.; Orange; Google (Alphabet), Inc. |
|
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
Global Telecare Market Report Segmentation
Type Outlook (Revenue, USD Million, 2018 - 2030)
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Activity Monitoring
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Remote Medication Management
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Regional Outlook (Revenue, USD Million, 2018 - 2030)
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North America
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U.S.
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Canada
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Mexico
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-
Europe
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UK
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Germany
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France
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Italy
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Spain
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Denmark
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Norway
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Sweden
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Asia Pacific
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Japan
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China
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India
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Australia
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South Korea
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Thailand
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Latin America
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Brazil
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Argentina
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Middle East & Africa
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South Africa
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Saudi Arabia
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UAE
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Kuwait
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