Top Companies in the AI in Telehealth & Telemedicine

The AI in telehealth & telemedicine market is projected to reach USD 27.14 billion by 2030 from USD 4.22 billion in 2024, at a CAGR of 36.4% from 2024 to 2030. The rising prevalence of chronic diseases that require constant patient monitoring and management fuels this market growth and elevates the demand for RPM solutions. Technological advancements in AI, ML, and IoT have increased the demand for telehealth services by making real-time data analysis and personalized care achievable and making the care process more responsive to individual patient needs.

AI is being implemented rapidly for telemedicine, which has enabled remote diagnostics, patient health monitoring, and clinical decision-making. AI-driven tools such as predictive analytics, chatbots, and virtual assistants enable efficiency and enhance patient outcomes. For example, Mayo Clinic (US) utilizes AI telemedicine to support remote patient care and early disease detection. Government initiatives, such as the FDA's AI/ML-Based Software as a Medical Device (SaMD) Action Plan, also serve as a foundation for AI to be mainstreamed into digital health. In July 2023, Microsoft (US) and Teladoc Health, Inc. (US) partnered to integrate AI into virtual consultations, making healthcare easier and more efficient.

The major players in the AI in telehealth & telemedicine market with a significant global presence are Koninklijke Philips N.V. (Netherlands), Medtronic (Ireland), GE Healthcare (US), Epic Systems Corporation (US), Oracle (US), Doximity, Inc. (US), Teladoc Health, Inc. (US), American Well (US), Siemens Healthineers AG (Germany), Cisco Systems Inc. (US), Included Health, Inc. (US), AMC Health (US), TeleSpecialists (US), Walgreen Co. (US), Caregility (US), CVS Health (US), AliveCor, Inc. (US), Elation (US), HealthTap, Inc. (US), and Zoom Communications, Inc. (US). The market players have adopted strategies such as acquisitions, collaborations, partnerships, mergers, product/service launches & enhancements, and approvals to strengthen their position in the AI in telehealth & telemedicine market. The product and technology innovations have helped the market players expand globally by providing AI-based telehealth & telemedicine solutions.

To know about the assumptions considered for the study download the pdf brochure

Koninklijke Philips N.V

Koninklijke Philips N.V. (Netherlands) is a diversified technology-based company in the AI in telehealth markets. It is one of the leading companies in the healthcare sector with a strong presence in cardiac care, acute care, and home healthcare. The company operates through four segments: Personal Health, Diagnosis & Treatment, Connected Care, and Others. The AI-based telehealth & telemedicine services fall under the Connected Care segment. The Connected Care segment comprises Business Monitoring, Sleep & Respiratory Care, and Enterprise Informatics. Providers and patients use telehealth solutions. The company operates in North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. In November 2024, Philips received FDA approval for remote scanning and protocol management features in its Radiology Operations Command Center (ROCC), allowing radiologists to assist with scans remotely.

Medtronic

Medtronic (Ireland) is one of the largest medical technology, services, and solutions companies. The company operates through four principal segments: Cardiovascular, Diabetes, Medical Surgical, and Neuroscience. The company provides AI-based telemedicine solutions across all four segments. The Cardiac and Vascular segment offers products and services to diagnose, treat, and manage cardiac rhythm disorders and CVDs. Medtronic's portfolio encompasses RPM platforms and patient-centered software through its products and Medtronic Care Management Services. The telehealth solutions offered by the company cover glucose management and cardiac condition management. Medtronic's telehealth device offerings include Bluetooth-enabled and direct-connect peripherals. These devices comprise weight scales, glucometers, blood pressure monitors, pulse oximeters, pedometers, and activity trackers. Medtronic serves its customers in ~160 countries worldwide. The company operates in North America, Latin America, Europe, the Asia Pacific, the Middle East & Africa, and Russia.

Epic Systems Corporation

Epic Systems Corporation (US) is a software development, installation, and support company that provides consulting services. The company establishes healthcare management software that combines financial and clinical information from inpatient, ambulatory, and payer technology systems. The company's core competency is to provide EHR software solutions. Epic Systems Corporation integrates AI into telehealth & telemedicine through strategic partnerships with Microsoft and Gen AI technologies. Epic improves productivity and patient care in virtual healthcare by combining its EHR solutions with Microsoft's Azure OpenAl Service. It encompasses improving workflows, enabling generative Al to compose message responses, and supporting natural language queries. Epic's AI efforts also enhance self-service reporting tools, maintain financial integrity, and improve clinical outcomes, all of which will enhance global telehealth & telemedicine systems. It operates its offices in the US, the UK, Canada, Denmark, the Netherlands, Norway, Saudi Arabia, the UAE, Finland, Ireland, Australia, Singapore, and Switzerland.

Related Reports:

AI in Telehealth & Telemedicine Market by Component (Software, Service), Function (Virtual Care, Chatbot, RPM, Admin, Patient Engagement), Application (Teleneurology, TeleICU, Teleradiology), End User (Provider, Payer, Patient) - Global Forecast to 2030

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441
sales@marketsandmarkets.com