United States Telehealth Market, By Product (Integrated, and Standalone), By Type (Software, Hardware, and Services), By Mode (On-premise, Cloud-based, and Web-based), and By End User (Patients, Payers, and Healthcare Providers) - Trends, Analysis and Forecast till 2034

Report Code: PMI419220 | Publish Date: April 2024 | No. of Pages: 180

United States Telehealth Market Overview

United States Telehealth Market was valued at US$ 63.8 billion in 2024 and is projected to grow at a CAGR of 18.10% to reach US$ 290.6 billion by 2034.

Information and communication technology holds the capability to address the challenges in providing high quality, accessible, and affordable healthcare services in developed and developing countries. Telehealth uses information and communication technology to overcome distance barriers and improve access to healthcare. Telehealth is emerging as a modern method to cater to the health needs of the patient population.

United States Telehealth Market Dynamics

Rising Adoption of Telehealth Services

Consumers find it easier rather than being polished while visiting same place again and again, it have been convenient for both the consumers and dealer. Moreover, it has been a very good candidate among the people who are an old and those who are on bed as it would not be easy for patient and their colleges to maintain that consistency for a long period of time. Meanwhile, it also affects their health and could lead to some other complications.

 Advancement in technology to offer superior care

Government initiatives in increasing funding towards healthcare sector being a major survivor to address the challenges that also paves new opportunities for other developing countries to adopt high technical machine. With an advance in technology, internet, and telephones, telemedicine is now quickly accessible to the general population. In extension, it has taken the burden off the current healthcare setups. Leading medical companies are combining personal devices with advanced technology for personalized care management to offer superior patient care and gain larger market share in the US market. Moreover, the establishment of value-based reimbursement reforms is helping in reducing cost and improving healthcare outcomes and promoting the use of mHealth applications in the US market. The launch of health call centers, emergency toll-free telephone services, disaster management, patient records, and health surveys will augment the evolution of the mHealth segment in the US telehealth market during the forecast period.

Restraint

However, rural areas population is still lagging behind at this factor as they were not introducing to this technology and moreover, restricted budget is major key restraint for market.

United States Telehealth Market Segmentation

Based on product, the United States Telehealth market is segmented into integrated, and standalone. Based on type, the target market is segmented into software, hardware, and services. Based on mode, the target market is segmented into on-premise, cloud-based, and web-based. Based on end user, the target market is segmented into patients, payers, and healthcare providers.

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024 to 2034

Market Segmentation

By Product - Integrated, and Standalone

By Type – Software, Hardware, and Services

By Mode - On-premise, Cloud-based, and Web-based

By End User -  Patients, Payers, and Healthcare Providers

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the United States Telehealth market report based on Product, Type, Mode, and End User:

United States Telehealth Market, By Product:

  • Integrated
  • Standalone

United States Telehealth Market, By Type:

  • Software
  • Hardware
  • Service

United States Telehealth Market, By Mode:

  • On-premise
  • Cloud-based
  • Web-based

United States Telehealth Market, By End User:

  • Patients
  • Payers
  • Healthcare Providers

United States Telehealth Market Key Players

The key players operating the United States Telehealth market includes AMD Global Telemedicine, American Well, BioTelemetry, GlobalMedia Group, Honeywell Life Care Solutions, Medtronic, Philips Healthcare, and Teladoc. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in February 2019, Medtronic and Medical University of South Carolina Team Up To Improve Outcomes For Patients.

United States Telehealth Market Company Profile

  • AMD Global Telemedicine
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • American Well
  • BioTelemetry
  • GlobalMedia Group
  • Honeywell Life Care Solutions
  • Medtronic
  • Philips Healthcare
  • Teladoc

“*” marked represents similar segmentation in other categories in the respective section

United States Telehealth Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Industry Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Outlook for United States Telehealth Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product
      • Market Snippet, By Type
      • Market Snippet, By Mode
      • Market Snippet, By End User
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. United States Telehealth Market, By Product , 2024 – 2034, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
      • Y-o-Y Growth Analysis (%), 2024 – 2034
      • Segment Trends
    • Integrated
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Standalone
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
  6. United States Telehealth Market, By Type, 2024 – 2034, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
      • Y-o-Y Growth Analysis (%), 2024 – 2034
      • Segment Trends
    • Software
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Hardware
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Services
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
  7. United States Telehealth Market, By Mode, 2024 – 2034, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
      • Y-o-Y Growth Analysis (%), 2024 – 2034
      • Segment Trends
    • On-premise
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Cloud-based
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Web-based
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
  8. United States Telehealth Market, By End User, 2024 – 2034, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 – 2034
      • Y-o-Y Growth Analysis (%), 2024 – 2034
      • Segment Trends
    • Patients
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Payers
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
    • Healthcare Providers
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  10. Company Profiles
    • AMD Global Telemedicine
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Business Strategies
    • American Well
    • BioTelemetry
    • GlobalMedia Group
    • Honeywell Life Care Solutions
    • Medtronic
    • Philips Healthcare
    • Teladoc
  11. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Telehealth Market report segments the market been segmented on the basis of device, type, application, and region.

Telemedicine, often known as telehealth or e-medicine, is the remote delivery of healthcare services over telecommunications infrastructure, such as exams and consultations.

Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts.

the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory.