According to Arizton’s latest research report, the pediatric telehealth market will grow at A CAGR of 23.40% from 2022-2027.
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Market Overview
The global pediatric telehealth market shows significant growth opportunities in developed and developing regions. The concept of telehealth was introduced to make medical assistance accessible to patients in remote locations. With rapid technological advancement, pediatric telehealth is considered the future of medicine. Rural areas, war-torn regions, and areas affected by natural calamities can benefit from remote healthcare services. The development of telecommunication systems has increased the scope of remote healthcare services.
“School-based Telehealth Programs” is a significant factor that constantly drives pediatric telehealth solution adoption. But in the future, it is expected to increase gradually due to several changes in education systems after the COVID-19 crisis. During the pandemic, the shift in education services from classrooms to digital platforms and screens has provided better opportunities. Increased school-based telehealth programs and increasing digital screen adoption by children will increase the sharp intake of telehealth services in the next 3 to 4 years. The key market players can focus on the school-based program for telehealth adoption.
In 2020, a massive change accounted in the U.S. for telehealth. As per the HHS report 2021, Medicare visits through telehealth increased around 63 folds, from 840,000 visits in 2019 to 52.7 million in 2020. The significant change in telehealth platform delivery addressed in recent years includes telehealth shifting towards the “Platform-as-a-Service” model. Currently, most healthcare delivery providers are increasingly embracing the broad scenario and choosing to consolidate several telehealth services into a common/single platform, such as platform-as-a-service, which means all telehealth advantages in a single, configurable, and customizable package. Telehealth platform-as-a-service will be the future of healthcare services.
Pediatric Telehealth Market Report Scope
| Report Attributes | Details |
| Market Size (2027) | USD 6.99 Billion |
| Market Size (2021) | USD 1.98 Billion |
| CAGR (2022-2027) | 23.40% |
| Base Year | 2021 |
| Forecast Year | 2022-2027 |
| Market Segmentation | Component, Modality, Delivery Mode, Application, and Geography |
| Geographical Analysis | North America, Europe, APAC, Latin America, and Middle East & Africa |
| Market Dynamics |
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Government Authorities Support Using Remote Care Platforms Such as Telehealth
In the US, the Department of Health & Human Services (HHS) announced the availability of around USD 14.2 million from the authority of the American Rescue Plan for the expansion of pediatric mental health care with the help of the integration of telehealth in primary pediatric care to boost the pediatric telehealth market.
In 2021, the U.S. Department of HHS announced awarding USD 10.7 million in funding from the American Rescue Plan (Biden Administration) to integrate pediatric telehealth services. The NCATS authority of the U.S. funds network to enhance pediatric care in the U.S. In 2022, the NCATS was recently awarded to the team of researchers in SPROUT- Supporting Pediatric Research on Outcomes and Utilization of Telehealth with $3.6 million capital funding.
Competitive Overview
Vendors are developing integrated technology platforms, high-quality provider networks, sophisticated consumer engagement strategies, and entrenched distribution channels. They are trying to create a strong brand image and establish a strong relationship with clients to become the leading pediatric telehealth platform worldwide. Various key technological advancements have revolutionized the telehealth market around the globe. In addition, vendors are focused on consumer engagement strategies like implementing sophisticated behavioral analytics and predictive modeling to understand their end-users better and thereby drive engagement. These predictive models allow the vendors to identify members most likely to use their solution, thereby improving outcomes.
Key Vendors
- AMD Global Telemedicine
- American Well
- Koninklijke Philips
- KiddieRX
- Teladoc Health
- Vivify Health
- Anytime Pediatrics
- A&D Company
- AT&T
- athenahealth
- Alpha Medical
- CHI Health
- Doctor On Demand
- edgeMED Healthcare
- eVisit
- Genome Medical
- HealthTap
- iCliniq
- Medtronic
- MDLIVE
- Pediatric Associates
- Remedy Connect
- sparkMD (Blueberry Pediatrics)
- ScienceSoft USA
- TytoCare
- Walmart Health Virtual Care
Market Segmentation
Component: Service, Hardware, and Software
Modality: Real-Time Virtual Health, Remote Patient Monitoring, and Store & Forward
Delivery Mode: Web/App-based and On-premise
Application: Respiratory, Cold, Flu & Fever, Gastroenterology, Behavioural Health, Dermatology, and Other
Geography: North America, Europe, APAC, Latin America, and Middle East & Africa
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