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

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.

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.

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.

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

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.

• 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