DUBLIN--(BUSINESS WIRE)--The "U.S. Telehealth Market - Industry Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The U.S. telehealth market by revenue is expected to grow at a CAGR of over 28% during the period 2020-2026.
The introduction of telehealth has led to the availability of cost-effective treatment, adoption of home healthcare services, and low expenditure on infrastructure development. Telehealth is revolutionizing the healthcare industry as it minimizes hospital visits, reduces patient wait time, and decreases the physical discomfort caused to patients.
Further, in the US, the high expenditure on healthcare IT infrastructure by major stakeholders contributes to the market's growth. The telehealth market is observing increased investment for the integration of telecommunications with healthcare systems. COVID-19 further enhanced the adoption of telemedicine among physicians in the US.
Every state Medicaid has some form of coverage to virtual care services and private payers. Many hospitals started to provide services through platforms, which increase their adoption among healthcare providers.
Hospitals started to adopt various new platforms to increase better access to end-users. Hence, the usage of information and communication technologies (ICT) has the capability to address critical challenges faced by the US in providing accessible, cost-effective, and high-quality healthcare services to patients.
U.S. Telehealth Market Segmentation
The U.S. telehealth market research report includes a detailed segmentation by modality, component, end-user, application, delivery mode. The real-time virtual health segment accounted for a significant share of 49% in 2020. The real-time virtual health segment is anticipated to retain its dominance during the forecast period. The usage of real-time virtual care in remote ICUs has increased in the US during the COVID-19 Pandemic.
Telehealth is one of the valuable tools for monitoring health conditions and treatment. The adoption of telemedicine is expected to rise with advances in technology and the high penetration of smart gadgets across the US. The remote patient monitoring segment expects to reach over USD 13 billion by 2026.
The remote patient monitoring market is growing at a healthy rate and is expected to grow significantly during the forecast period. This growth can be attributed to the growing prevalence of chronic diseases such as cardiovascular, diabetes, and respiratory diseases in the elderly population that requires regular monitoring and quality care.
The US telehealth services market is growing at a fast CAGR of over 32% due to the shift in focus to patient-centric, value-based care from conventional hospital-centric and fee-per-service models. The growing geriatric population is driving the connected medical devices market. Further, the growing need for affordable treatments is estimated to boost the demand for telehealth services. However, limited coverage of insurance, especially by Medicare, and issues related to the ambiguous regulatory framework adopted by different states and the US Federal government are anticipated to curtail the market growth during the forecast period.
Prominent Vendors
- AMD Global Telemedicine
- American Well
- BioTelemetry
- GlobalMedia Group
- InTouch Health
- Koninklijke Philips
- Medtronic
- Resideo Life Care Solutions
- Teladoc Health
- Vivify Health
Other Prominent Vendors
- AirStrip Technologies
- A&D Company
- Abbott
- AgaMatrix
- AliveCor
- AT&T
- athenahealth
- BIOTRONIK
- Boston Scientific
- Biotricity
- CHI Health
- Doctor on Demand
- edgeMED Healthcare
- eVisit
- GE Healthcare
- Genome Medical
- Graham Healthcare Group
- Harris Computer
- HealthTap
- INOVA
- iHealth Labs
- Integrity Urgent Care
- iSelectMD
- MedArrive
- Masimo
- MDLIVE
- Medici
- MeMD
- MedXCom
- Mercy Virtual
- NextGen Healthcare
- Nines
- Omron Healthcare
- PlushCare
- 98point6
- SOC Telemed
- Spacelabs Healthcare
- THA Group
- TytoCare
- Vidyo
- Vsee
- virtuwell
- Vida Health
- ZIPNOSIS
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of The Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
7.2 US Telehealth Market Snapshot
8 Recent Telehealth Reforms During COVID-19
8.1 Overview
8.2 Recent Medicare Telehealth Reimbursement Reforms
8.2.1 Key Changes in Reimbursement by CMS Enabling Telehealth Implementation
9 Telehealth in Outpatient Settings
9.1 Overview
9.1.1 Reasons for Physicians Adopting Telehealth in Outpatient Settings
9.1.2 Telehealth Usage Among Specialists
10 COVID-19 Impact on Telehealth
10.1 Overview
11 Market Opportunities & Trends
11.1 Reimbursement Expansion For Telehealth Services
11.2 Strategic Acquisitions & Collaborations
11.3 Emergence Of Telehealth Robots & Robotic Platforms
11.4 High Demand For Telehealth Due To COVID-19 Pandemic
12 Market Growth Enablers
12.1 Increasing Demand For Tele-ICUs
12.2 Rise In Telehealth Adoption Among Physicians
12.3 Growing Target Pool Of Patients Requiring Telehealth Services
12.4 Rising mHealth Applications Fueling Telehealth Adoption
12.5 Growing Demand For RPM Platforms & Connected Medical Devices
13 Market Restraints
13.1 Chances Of Misdiagnosis Due To Lack Of Physical Examination
13.2 Uncertainty Over Standard Regulatory Frameworks & Legal Barriers To Telehealth
13.3 Lack Of Standard Interoperability In Telehealth Infrastructure
13.4 Data Security & Privacy Risks Associated With Telehealth
14 Market Landscape
14.1 Market Overview
14.2 Market Size & Forecast
14.3 Five Forces Analysis
15 Modality
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Real-Time Virtual Health
15.4 Remote Patient Monitoring
15.5 Store & Forward
16 Component
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Telehealth Services
16.4 Hardware
16.5 Software
17 Delivery Mode
17.1 Market Snapshot & Growth Engine
17.2 Market Overview
17.3 Web/App-Based Telehealth
17.4 Cloud-Based Telehealth
17.5 On-Premise Telehealth
18 Application
18.1 Market Snapshot & Growth Engine
18.2 Market Overview
18.3 Chronic Care Management
18.4 Radiology
18.5 Mental Health/Neurology
18.6 Obstetrics/Gynecology (OB/GYN) Care
18.7 Urgent Care
19 End-User
19.1 Market Snapshot & Growth Engine
19.2 Market Overview
19.3 Healthcare Providers
19.4 Patients
19.5 Employer Groups & Government Organizations
19.6 Payers
For more information about this report visit https://www.researchandmarkets.com/r/jhjlmk
