Top 10 Telemedicine Companies | Technology for Remote Healthcare

Trishita Deb
Trishita Deb

Updated · Feb 19, 2024

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Telemedicine Market Overview

Telemedicine, which utilizes technology for remote healthcare delivery, has gained popularity due to advances in communication tech and the demand for accessible healthcare. It uses video conferencing, electronic health records, and remote monitoring devices.

Benefits include better access to care, cost savings, and increased efficiency despite challenges like technology limitations and regulations. Nevertheless, telemedicine is projected to expand further, driven by innovation and patient preferences, focusing on overcoming regulatory and quality issues to optimize its advantages.

Market Drivers

The global telemedicine market is growing due to various factors. Advances in communication technology, especially in internet connectivity and mobile devices, have expanded the reach of telemedicine.

There’s also an increasing demand for convenient healthcare services, particularly in underserved areas, driving market growth. The rise in chronic illnesses and aging populations further fuels the need for remote monitoring and management solutions, boosting telemedicine.

The COVID-19 pandemic has also increased its adoption as healthcare systems aim to minimize face-to-face interactions. Supportive government policies and increased investments from healthcare and technology sectors are key drivers of the expansion of the telemedicine market.

Market Size

The global telemedicine market is projected to reach approximately USD 590.9 billion by 2032, up from USD 63.5 billion in 2022, with a compound annual growth rate (CAGR) of 25.7% from 2022 to 2032.

List of Major Companies

 These are the top ten companies operating in the Telemedicine market:

Teladoc-Health

Company Overview

Establishment Year2002
HeadquarterPurchase, New York, U.S.
Key ManagementJason Gorevic (CEO)
Revenue (US$ Bn)$ 2.4 Billion (2022)
Headcount~ 5,000 (2023)
Websitehttp://teladochealth.com/

About Teladoc Health

Teladoc Health, Inc., established in 2002, is a well-known telemedicine company recognized for its global delivery of virtual healthcare services. Teladoc connects patients with licensed healthcare professionals across different specialties through video, phone, and mobile app consultations. Their user-friendly platform allows patients to schedule appointments, access medical records, and securely communicate with providers. By collaborating with employers, health plans, and healthcare organizations, Teladoc extends its telemedicine services to enhance remote access to high-quality healthcare. Through innovative strategies and strategic partnerships, Teladoc Health remains a leader in transforming healthcare delivery through telemedicine.

Geographical Presence

Teladoc Health, a prominent telemedicine firm, has a robust global presence across North America, Europe, Asia-Pacific, and beyond. It provides remote healthcare services to the US, Canada, and North America. Expanding into Europe, Teladoc enhances virtual medical care through partnerships.

In Asia-Pacific, including Australia, Japan, and India, it caters to varied healthcare needs with personalized telemedicine. The company also sees growth in emerging markets, recognizing telemedicine’s potential to improve global healthcare. With its extensive reach and innovative services, Teladoc Health leads healthcare transformation worldwide.

Recent Developments

  • In October 2023, Teladoc Health partnered with Sword Health, enabling Teladoc clients to access Sword Health’s pain treatment platform, which includes digital physical therapy and pelvic health care. This collaboration allows Teladoc clients to offer their employees a more comprehensive range of virtual care services, streamlining contracting and management processes.
  • In October 2023, Teladoc Health partnered with Hinge Health, allowing Teladoc clients to access musculoskeletal (MSK) care and support from Hinge Health. This collaboration enables Teladoc clients to expand their virtual care services for employees, simplifying contracting and management processes.

American-Well

Company Overview

Establishment Year2006
HeadquarterBoston, Massachusetts, U.S.
Key ManagementIdo Schoenberg (President and CEO)
Revenue (US$ Bn)$ 277.2 M (2023)
Headcount~ 1,123 (2023)
Websitehttps://www.amwell.com/

About American Well Corporation

Founded in 2006, American Well Corporation is a prominent telemedicine provider offering comprehensive virtual healthcare solutions. Their platform facilitates remote consultations between patients and healthcare professionals via video, phone, and mobile app-based channels. With a focus on accessibility and convenience, American Well enables secure communication and information exchange, including access to electronic health records.

American Well extends its reach through strategic partnerships with healthcare organizations, insurers, and employers, making telemedicine services widely available. Committed to innovation, American Well continues to transform healthcare delivery through telemedicine.

Geographical Presence

American Well Corporation, a leading telehealth provider, has a strong presence across the United States, reaching urban and rural areas in all 50 states through partnerships with healthcare systems, insurers, employers, and direct channels.

Internationally, the company has expanded into countries like Canada, the UK, and Australia, adapting to local regulations. Its digital platform facilitates global connectivity between healthcare providers and patients, enhancing accessibility and fostering cross-border collaborations, advancing telehealth worldwide.

Recent Developments

  • In October 2023, Discovery Health collaborated with Amwell to launch South Africa’s inaugural digital therapeutic benefits funded by a health insurer. As a component of their comprehensive mental healthcare program, clinicians can now prescribe SilverCloud by Amwell, an affordable, clinically validated digital mental health platform, to members.
  • In October 2023, Amwell and Nestlé Health Science partnered to enhance patients’ overall health through innovative digital solutions centered on nutrition. They jointly develop various new solutions to improve clinical and financial outcomes for health organizations.

Twilio

Company Overview

Establishment Year2008
HeadquarterSan Francisco, California, U.S.
Key ManagementKhozema Shipchandler (CEO)
Revenue (US$ Bn)$ 3.8 Billion (2022)
Headcount~ 5,905 (2023)
Websitehttp://twilio.com/

About Twilio

Twilio, Inc., founded in 2008, is a leading cloud communications platform offering a range of tools for developers to integrate communication channels into applications. Twilio’s services can benefit telemedicine providers. Its APIs enable functionalities like video calling, SMS notifications, voice calls, and chat messaging, facilitating smooth communication between healthcare providers and patients. Integrating Twilio’s solutions enhances accessibility, efficiency, and user experience in remote healthcare services. Twilio’s vital infrastructure and developer-friendly approach make it a valuable partner for telemedicine companies seeking to improve digital communication capabilities.

Geographical Presence

Twilio, Inc., a leader in communications technology, has a global presence across North America, Europe, Asia Pacific, and Latin America. In North America, it’s prominent in Silicon Valley and major cities. London, Dublin, Berlin, and Paris offices serve local needs in Europe. It operates in Singapore, Tokyo, Sydney, and Bangalore in Asia Pacific, catering to diverse markets.

Additionally, Twilio has expanded into Latin America with offices in São Paulo, Mexico City, and Buenos Aires. This extensive reach reflects Twilio’s commitment to delivering innovative communication solutions worldwide, positioning it for continued growth and success.

Recent Development

  • In December 2023, Twilio Inc. and Jack Henry joined forces to empower banks and credit unions to enhance customer communication and engagement through digital channels. Jack Henry utilizes a range of Twilio products to enable this capability.
  • In October 2023, SoftBank Corp. and Twilio Inc. partnered, with SoftBank agreeing to distribute Twilio’s cloud-based communication API service in Japan through Twilio Japan G.K., its affiliate.

Doximity

Company Overview

Establishment Year2010
HeadquarterSan Francisco, California, U.S.
Key ManagementJeff Tangney (CEO)
Revenue (US$ Bn)$343.5 Million (2022)
Headcount~ 887 (2022)
Websitehttps://www.doximity.com/

About Doximity

Doximity, founded in 2010, is a leading digital platform tailored for healthcare professionals. While not exclusively focused on telemedicine, its features support remote healthcare. Its secure messaging enables professionals to discuss cases and coordinate care remotely. Additionally, Doximity provides tools for scheduling appointments, accessing medical literature, and staying updated on industry news, enhancing the telemedicine experience for providers and patients. While telemedicine isn’t its sole focus, Doximity’s platform dramatically aids communication and collaboration among healthcare professionals, which is crucial for effective telemedicine practice.

Geographical Presence

Doximity, a premier professional medical network, has established a widespread presence throughout the United States. Serving a diverse array of healthcare professionals, including physicians, nurse practitioners, and pharmacists, the platform facilitates seamless communication and collaboration.

With a broad geographical footprint covering urban, suburban, and rural areas, Doximity connects professionals across various medical specialties nationwide.

Recent Development

  • In May 2023, Doximity, Inc. partnered with MEDITECH, a leading EHR system in the U.S., to integrate their platforms. This integration allows healthcare professionals to directly initiate Doximity Dialer voice or video telehealth visits from MEDITECH’s Expanse Now app.
  • In February 2022, Doximity, Inc. announced its acquisition of Amion, a top provider of on-call physician scheduling services.

Zoom-Video

Company Overview

Establishment Year2011
HeadquarterSan Jose, California, U.S.
Key ManagementEric Yuan (Chairman & CEO)
Revenue (US$ Bn)$4.3 B (2023)
Headcount~ 8,484 (2023)
Websitehttps://zoom.us/

About Zoom Video Communications

Zoom Video Communications, Inc., established in 2011, is a leading provider of video conferencing solutions. While not exclusively focused on telemedicine, Zoom’s platform is increasingly utilized in healthcare for remote consultations. Its high-quality video and audio capabilities enable healthcare professionals to conduct virtual appointments, discuss treatment plans, and provide follow-up care, improving access to healthcare services.

Its user-friendly interface allows patients to participate in appointments easily from anywhere. Moreover, Zoom’s security features ensure the confidentiality of patient information during telemedicine sessions. Overall, Zoom has become an essential tool for healthcare providers seeking to deliver effective telemedicine services.

Geographical Presence

Zoom Video Communications, headquartered in San Jose, California, boasts a global presence spanning North America, Europe, Asia Pacific, Latin America, and the Middle East.

With strategic offices in key cities across these regions, including New York, London, Singapore, and Sydney, Zoom effectively serves a diverse clientele ranging from small businesses to multinational corporations. This widespread geographical footprint ensures localized support, regulatory compliance, and optimized user performance worldwide.

Recent Developments

  • In January 2024, Zoom introduced AI Companion features to enhance connection, productivity, and collaboration on the platform.
  • In January 2024, Zoom unveiled a new app for Apple Vision Pro, enabling users to engage with colleagues and customers in a more immersive, real-world environment.

Medtronic

Company Overview

Establishment Year1949
HeadquarterDublin, Ireland
Key ManagementGeoff Martha (Chairman & CEO)
Revenue (US$ Bn)$ 31.3 Billion (2023)
Headcount~ 95,000 (2023)
Websitehttp://medtronic.com/

About Medtronic

Medtronic is a leading global medical technology company specializing in developing and manufacturing devices to improve patient outcomes. While focusing on medical devices, Medtronic also plays a crucial role in telemedicine with innovative technologies. Its devices, like implantable cardiac devices and diabetes management systems, offer remote monitoring for personalized care.

Medtronic’s digital health solutions enable remote data transmission, supporting telemedicine in patient monitoring and chronic disease management. Medtronic’s dedication to advancing healthcare technology enhances telemedicine services and patient care worldwide.

Geographical Presence

Medtronic, a global leader in medical technology, maintains a significant presence across North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. With headquarters in Dublin, Ireland, the company strategically positions offices and facilities in key markets worldwide.

This extensive reach allows Medtronic to deliver innovative medical solutions and enhance healthcare infrastructure globally.

Recent Developments

  • In February 2024, Medtronic received FDA approval for its Percept RC Deep Brain Stimulation (DBS) system.
  • In December 2023, Medtronic entered a definitive agreement to strengthen its partnership with Cosmo Intelligent Medical Devices, expanding on the success of the GI Genius intelligent endoscopy module. This AI-driven collaboration aims to continue delivering innovative and scalable healthcare solutions globally for patients and caregivers.

Sesame-Care

Company Overview

Establishment Year2018
HeadquarterNew York, U.S.
Key ManagementDavid Goldhill (CEO)
Revenue (US$ Bn)$ 2.8 Million (2023)
Headcount~ 95 (2023)
Websitehttps://www.sesamecare.com/

About Sesame Care

Sesame Care is an emerging player in the telemedicine sector, providing a platform that connects patients with healthcare providers for virtual consultations and medical services. Sesame Care offers an easy-to-use interface for patients to schedule appointments, access medical advice, and receive prescriptions from licensed professionals.

The platform caters to various healthcare needs, including primary care, mental health services, dermatology, and more. Through Sesame Care, patients can conveniently receive quality healthcare from the comfort of their homes, eliminating the need for in-person visits and reducing wait times. While Sesame Care is relatively new to the telemedicine landscape, its user-friendly platform and comprehensive range of services position it as a promising contender in the industry.

Geographical Presence

Sesame Care operates in several states across the United States, offering its telemedicine services to patients in those regions. While its geographical presence is limited to certain states, Sesame Care aims to expand its reach to serve more patients nationwide.

Recent Developments

  • In September 2023, Costco partnered with the startup Sesame to provide exclusive discounted rates to Costco members for various outpatient medical services, including telehealth consultations.

GE-HealthCare

Company Overview

Establishment Year1994
HeadquarterChicago, Illinois, U.S.
Key ManagementPeter Arduini (CEO)
Revenue (US$ Bn)$ 19.5 Billion (2023)
Headcount~ 51,000 (2023)
Websitehttp://gehealthcare.com/

About GE Healthcare

GE Healthcare, a global leader in medical technology, specializes in imaging equipment, diagnostics, and healthcare IT solutions. While its primary focus lies here, GE Healthcare also plays a crucial role in telemedicine. Through its innovative technologies, including advanced telehealth platforms and remote monitoring devices, GE Healthcare supports telemedicine initiatives.

These solutions enable healthcare professionals to remotely diagnose, monitor, and treat patients, improving access to healthcare, especially in remote or underserved areas. Additionally, GE Healthcare’s telemedicine offerings streamline healthcare delivery, cutting costs and boosting efficiency, thus advancing telemedicine and global healthcare delivery.

Geographical Presence

GE Healthcare, a subsidiary of General Electric, boasts a significant global presence in healthcare, spanning diverse regions worldwide. In North America, including the United States and Canada, GE Healthcare contributes significantly to healthcare progress through innovative solutions. Similarly, in Europe, from the UK to Germany and France, the company collaborates with healthcare institutions to address challenges and enhance patient care.

Across the Asia-Pacific region, including China, Japan, India, and Australia, GE Healthcare is committed to improving healthcare accessibility and outcomes. Additionally, it extends its reach to emerging markets in Latin America, Africa, and the Middle East, focusing on expanding access to quality healthcare services.

Recent Developments

  • In October 2023, GE Healthcare partnered to provide asset management solutions to healthcare providers, aiming to reduce medical device waste, enhance operational efficiency, and optimize equipment utilization. This collaboration includes a standardized approach to disposing of medical equipment, involving selling, recycling, or donating equipment that is no longer required.
  • In October 2023, GE Healthcare and University Hospitals (UH) announced a 10-year strategic partnership to integrate GE Healthcare technologies into UH’s radiology practice and Harrington Heart & Vascular Institute. This collaboration aims to enhance patient care and streamline processes by providing clinicians and patients with modern equipment and digital solutions.

Koninklijke-Philips

Company Overview

Establishment Year1891
HeadquarterAmsterdam, Netherlands
Key ManagementRoy Jakobs (CEO)
Revenue (US$ Bn)$ 19.6 Billion (2023)
Headcount~ 70,741 (2023)
Websitehttp://philips.com/

About Koninklijke Philips

Philips, also known as Koninklijke Philips N.V., is a global leader in health technology, offering diverse, innovative solutions to improve healthcare delivery and patient outcomes. Alongside its renowned medical devices and diagnostic imaging equipment, Philips plays a significant role in telemedicine.

Through its telehealth and remote patient monitoring solutions, Philips enables healthcare providers to deliver care beyond traditional settings, facilitating virtual consultations and remote patient monitoring. Leveraging advanced technologies like AI and data analytics, Philips aims to enhance personalized care delivery and optimize clinical workflows, ultimately transforming healthcare delivery worldwide.

Geographical Presence

Koninklijke Philips N.V., headquartered in Amsterdam, Netherlands, maintains a significant global presence, with operations spanning Europe, North America, Asia-Pacific, and emerging markets in Latin America, Africa, and the Middle East. Philips leverages its innovative European solutions to serve sophisticated consumer and healthcare markets.

In North America, it is a prominent leader in healthcare technology, while in Asia-Pacific, it capitalizes on growing demand with strategic investments and partnerships. Additionally, Philips adapts its offerings to local needs in emerging markets, solidifying its reputation as a trusted healthcare provider of consumer electronics and lighting solutions worldwide.

Recent Developments

  • In August 2021, Philips introduced the Fresh Air Mask, offering superior breathing comfort, effective filtration, and a modern design. With its innovative features, this mask aims to shield users from increasing air pollution levels.
  • In March 2021, Philips revealed the HL7777/00 high-performance silent mixer grinder, an innovative home appliance that reduces sound power by 50%.

Oracle

Company Overview

Establishment Year1977
HeadquarterAustin, Texas, United States
Key ManagementSafra Catz (CEO)
Revenue (US$ Bn)$ 49.9 Billion (2023)
Headcount~ 164,000 (2023)
Websitehttps://www.oracle.com/

About Oracle Corporation

Oracle Corporation is a global leader in cloud applications and platform services, specializing in database management systems, enterprise software, and technology solutions. While primarily focused on providing software and infrastructure for various industries, including finance and retail, Oracle also supports telemedicine initiatives. Oracle enables healthcare providers to implement telemedicine services securely and efficiently through its cloud-based solutions and data management platforms.

With data analytics and AI expertise, Oracle helps derive insights from patient data collected during telemedicine consultations, facilitating personalized care. Oracle’s collaboration tools and communication platforms also enhance interactions between healthcare professionals and patients, contributing to advancing remote healthcare delivery.

Geographical Presence

Oracle Corporation, a global technology leader, has a strong presence in key markets worldwide. It operates in Silicon Valley, New York, and Texas in North America, driving innovation. In Europe, including cities like London and Paris, Oracle serves a diverse clientele with advanced solutions.

Across the Asia-Pacific region, including China, India, Japan, and Australia, Oracle aids businesses in digital transformation. Additionally, it engages in Latin America and the Middle East, providing comprehensive software solutions. Oracle maintains dominance in the global technology landscape through its vast network and partnerships.

Recent Developments

  • In September 2023, Oracle reaffirmed its dedication to developing an open and integrated technology ecosystem for healthcare organizations, aiming to enhance patient care, streamline clinical expertise, and lower costs.
  • In April 2023, Oracle and Zoom broadened their partnership to provide quicker, simpler, and more efficient telehealth services.
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Trishita Deb

Trishita Deb

Trishita has more than 7 years of experience in market research and consulting industry. She has worked in various domains including healthcare, consumer goods, and materials. Her expertise lies majorly in healthcare and has worked on more than 400 healthcare reports throughout her career.