20 Oct
Current State of the Top Telemedicine Companies
In 2020, the top telemedicine companies in the world are contributing to stellar growth and driving medical innovations in a growing global telehealth industry. What is telemedicine? Telemedicine — or telehealth — is the distribution of health-related services and information via electronic information and telecommunication technologies. It allows long-distance patient and clinician contact, care, advice, reminders, education, intervention, monitoring, and remote admissions. There are hundreds of notable telemedicine companies in the world but this list will focus on the top 10 best telemedicine companies in the world in 2020. These are the top telehealth companies innovating with new technology making lives better for millions and also performing well in the market in terms of revenue and funding support. The ranking number one on our list of the top telemedicine companies is Teladoc. The top 3 is then rounded out by MeMD and iCliniq.
By reading this post, gain the following insights on the global telemedicine market:
- How many telemedicine companies are there?
- Who are the top telemedicine companies in 2020?
- How much is the global telemedicine market worth?
- Global telemedicine market stats and trends you should know.
- How has the Covid-19 pandemic affected the telehealth market?
BizVibe is already helping the best telemedicine companies in the world connect. Connect and track the latest news and insights from these companies.
Global Telemedicine Market Stats & Trends
- The global telemedicine market size was valued at USD 45 billion in 2019 and is expected to grow at a CAGR of 19.3% by 2026.
- 74% of millennials prefer telehealth visits to in-person doctor exams.
- Up to 89% of patients are willing to accept telemedicine as a sufficient form of medical care.
- 93% of clinicians believe that telehealth is an “acceptable” method and 60% believe it is a “very effective” method of patient care overall.
- 89% of clinicians report telemedicine as at least a satisfactory method of follow-up care for patients.
- Telehealth visits typically range from $49 to $250 per month.
- Telehealth technologies are projected to save the US healthcare industry $305 billion annually.
- From 2016 through 2019, the use of telehealth in some medical specialties doubled from 14% to 28%.
- In 2020, consumer adoption of telehealth services has jumped to 49% from 11% in 2019. This number is growing due to the Covid-19 pandemic.
Top 10 Best Telemedicine Companies in the World in 2020
Who are the top 10 telemedicine companies in the world in 2020? This is the complete list of the top telemedicine companies.
Rank | Telemedicine Company | Revenue (USD millions) | Headquarters |
| 1 | Teladoc | 553 | Purchase, New York, USA |
| 2 | MeMD | 5 | Phoenix, Arizona, USA |
| 3 | iCliniq | 10 | Coimbatore, Tamil Nadu, India |
| 4 | MDLIVE | 36 | Miramar, Florida, USA |
| 5 | Doctor On Demand | 135.5 | San Francisco, California, USA |
| 6 | Amwell | 122.3 | Boston, Massachusetts, USA |
| 7 | LiveHealth Online | 3 | Indianapolis, Indiana, USA |
| 8 | Virtuwell | 12.4 | St Paul, Minnesota, USA |
| 9 | PlushCare | 11 | San Francisco, California, USA |
| 10 | HealthTap | 62.4 | Mountain View, California, USA |
1. Teladoc
Ranking number 1 on this list of top 10 telemedicine companies in the world in 2020 is Teladoc. Teladoc is multinational telemedicine and virtual healthcare company based in the United States. Teladoc primary services include telehealth, medical opinions, AI and analytics, and licensable platform services. Teladoc is active in 130 countries and served around 27 million members. Teladoc Health divides its services into six categories: platform and program services, guidance and support, expert medical services, mental health services, telehealth, and integrated virtual care. Teladoc is a mission-driven organization, modernizing how people access and experience healthcare with a focus on high quality, lower costs, and improved outcomes around the world. Teladoc was founded in 2002 and is currently headquartered in Purchase, New York, USA. Last year Telafoc generated USD 553 million in revenues — making it one of the top telemedicine companies in the world in 2020 by revenue.
- Founded: 2002
- Teladoc Headquarters: Purchase, New York, USA
- Teladoc Revenue: USD 553 million
- Teladoc Employees: 2,000
Teladoc Notable Brands
- Teladoc, Advance Medical, Best Doctors, BetterHelp, HealthiestYou, MédecinDirect.
2. MeMD
MeMD ranks 2nd on our list of the top telemedicine companies in 2020. MeMD’s telehealth solutions make it easy for people to access best-in-class care whenever and wherever, while driving down overall healthcare costs. Founded in 2010 by an ER physician and entrepreneur, MeMD originated as a telehealth company that aimed to provide individuals and businesses with on-demand, online care for common illnesses and injuries. Our slogan was Healthcare Virtually Everywhere, and our goal was to disrupt the healthcare space by delivering quick, affordable, and convenient access to medical care online, nationwide.
- Founded: 2010
- MeMD Headquarters: Phoenix, Arizona, USA
- MeMD Revenue: USD 5 million
- MeMD Employees: 51-200
3. iCliniq
Ranking 3rd on this list of the top 10 telehealth companies in the world in 2020 is iCliniq. iCliniq is a global second opinion/online medical consultation platform with patients across 196 countries. iCliniq has over 2500 highly qualified doctors from 80+ specialties. icliniq consists of dedicated technology and support teams which will surely satisfy our requirements. iCliniq consists of dedicated technology and support teams which will surely satisfy our requirements.The team at iCliniq consists of imminent doctors, researchers, and programmers, who work round the clock to innovate, create and implement the best technologies for use of doctors & users. Founded in 2012, iCliniq is headquartered in Coimbatore, Tamil Nadu, India.
- Founded: 2012
- iCliniq Headquarters: Coimbatore, Tamil Nadu, India
- iCliniq Revenue: USD 10 million
- iCliniq Employees: 11-50
4. MDLIVE
Ranking 4th on this list of the best telemedicine companies is MDLIVE. MDLIVE is a telemedicine provider founded in 2009. MDLIVE provides patients, health plans, health systems, and self-insured employers with access to board-certified doctors, pediatricians, and licensed therapists. Consultations are performed via online video, phone, or mobile app. With its platform, registered users can receive a virtual consultation through the company’s HIPAA and PHI-compliant secure, cloud-based platform from home or on the go, and if necessary, obtain an e-prescription. MDLIVE is a privately held company operating out of Miramar, Florida, and currently has a revenue of USD 36 Million — making it one of the largest telemedicine companies in the world by revenue.
- Founded: 2009
- MDLIVE Headquarters: Miramar, Florida, USA
- MDLIVE Revenue: USD 36 million
- MDLIVE Employees: 250
MDLIVE Products and Services
- Telemedicine, TeleTherapy, Online Doctor Consultations, Electronic Medical Records, Interactive Health Monitoring, Employee Benefits, Healthcare Benefits, Telehealth, and Available 24x7x365 Anytime Anywhere
5. Doctor On Demand
Ranking 5th on this list of the top 10 telemedicine companies in the world in 2020 is Doctor On Demand. Doctor On Demand is the fastest, easiest way to see a doctor or psychologist online on your computer, tablet, or phone – from the comfort of home. Doctor On Demand’s healthcare platform puts the patient first by providing access to physicians, psychiatrists, therapists, and a care team of clinical providers and coordinators via video visits, voice, and messaging. Through its 5-star rated mobile application and website, patients can access coordinated, high-quality care in all 50 states, 24 hours a day, 7 days a week.
- Founded: 2013
- Doctor On Demand Headquarters: San Francisco, California, USA
- Doctor On Demand Revenue: USD 135.5 million
- Doctor On Demand Employees: 201-500
6. Amwell
Ranking 6th on this list of the top telemedicine companies is Amwell, a telemedicine company based in Boston, Massachusetts, that connects patients with doctors over secure video. Amwell sells its platform as a subscription service to healthcare providers to put their medical professionals online and its proprietary software development kits, APIs, and system integrations enable clients to embed telehealth into existing workflows utilized by providers and patients. Amwell operates in all 50 U.S. states and works with 55 health plans, which support over 36,000 employers and collectively represent more than 80 million covered lives, as well as 240 of the nation’s largest health systems, encompassing more than 2,000 hospitals. Amwell has a user-base of over 40,000 people.
- Founded: 2006
- Amwell Headquarters: Boston, Massachusetts, USA
- Amwell Revenue: USD 122.3 million
- Amwell Employees: 501-1000
7. LiveHealth Online
Ranking 7th on this list of the top telemedicine companies in 2020 is LiveHealth Online. LiveHealth Online offers doctor visits in minutes! See healthcare providers over video anytime 24/7 on your smartphone, tablet, or computer. Download the LiveHealth Online app and connect with a board-certified doctor today.
- Founded:1983
- LiveHealth Online Headquarters: Indianapolis, Indiana, USA
- LiveHealth Online Revenue: USD 3 million
8. Virtuwell
Ranking 8th on this list of the best telemedicine companies in the world in 2020 is Virtuwell. Virtuwell is an online medical clinic that provides 24/7 access to friendly, certified nurse practitioners for common conditions like sinus and bladder infections, pink eye, and more, making people’s lives easier with zero hidden costs and with savings that can be counted. It’s the perfect combination of affordability plus experiences people love. Employers and health plans get to offer the best benefits. Last year Virtuwell generated USD 12.4 million in revenues — making it one of the top telemedicine companies in 2020.
- Founded: 2010
- Virtuwell Headquarters: St Paul, Minnesota, USA
- Virtuwell Revenue: USD 12.4 million
- Virtuwell Employees: 51-200
9. PlushCare
Ranking 9th on this list of the top telemedicine companies is PlushCare. With PlushCare, you can book a same-day appointment with a top online doctor. Get diagnosed and prescribed in as little as 15 minutes. Our primary care doctors are available 24/7. PlushCare is a San Francisco-based tech startup that makes it easy to find and meet with a doctor online, even on the same day. Their mission is to provide patients with the best doctors and the best medical experience in a friendly and personalized way. The company’s technology platform enables over 100,000 patients (and growing) to get care from a board-certified doctor online. With an NPS of 90 and an App Store rating of 4.9, they strive to provide the healthcare experience that patients deserve. PlushCare generated USD 11 million last year — making it one of the top telehealth companies in the world.
- Founded: 2015
- PlushCare Headquarters: San Francisco, California, USA
- PlushCare Revenue: USD 11 million
- PlushCare Employees: 32
10. HealthTap
Rounding out BizVibe’s list of the top 10 telemedicine companies in 2020 is HealthTap. HealthTap is a technology company delivering a suite of connected health apps. Their customers include health systems, insurance companies, and (self-insured) employers. The main service offered by HealthTap is the ability to ask health questions, online and via mobile devices, to a network of U.S.-licensed physicians for free. They also offer the ability to connect immediately or by appointment with a doctor for consultation via video conference, phone call, or text chat. Last year HealthTap generated USD 62.4 million — making it one of the top telemedicine companies in 2020.
- Founded: 2010
- HealthTap Headquarters: Mountain View, California, USA
- HealthTap Revenue: USD 62.4 million
- HealthTap Employees: 100
This is BizVibe’s list of the top telemedicine companies in 2020. Keep track of these companies on BizVibe.
Top Telemedicine Companies by Revenue
Here is the complete list of the top 10 telehealth companies ranked by their revenues in USD million.
Rank | Telemedicine Company | Revenue (USD millions) | Headquarters |
| 1 | Teladoc | 553 | Purchase, New York, USA |
| 5 | Doctor On Demand | 135.5 | San Francisco, California, USA |
| 6 | Amwell | 122.3 | Boston, Massachusetts, USA |
| 10 | HealthTap | 62.4 | Mountain View, California, USA |
| 4 | MDLIVE | 36 | Miramar, Florida, USA |
| 8 | Virtuwell | 12.4 | St Paul, Minnesota, USA |
| 9 | PlushCare | 11 | San Francisco, California, USA |
| 3 | iCliniq | 10 | Coimbatore, Tamil Nadu, India |
| 2 | MeMD | 5 | Phoenix, Arizona, USA |
| 7 | LiveHealth Online | 3 | Indianapolis, Indiana, USA |
The Future of the Top Telemedicine Companies
Telemedicine will save the US healthcare industry USD 305 billion annually. Combine that with the Covid-19 pandemic leading to increased demand for telehealth services, expect the industry to keep growing. Led by the top telemedicine companies in 2020, the global telehealth industry is expected to keep growing at rapid rates.
