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U.S. Telehealth Market Size, Share & Trends Analysis Report by Product Type (Hardware, Software, Services), by Delivery Mode (Web-based, Cloud-based, On-premises), by End Use, and Segment Forecasts, 2022-2028

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    Report

  • 110 Pages
  • January 2022
  • Region: United States
  • Grand View Research
  • ID: 5526489
The U.S. telehealth market size is expected to reach USD 307.7 billion by 2028. It is expected to expand at a CAGR of 44.4% from 2022 to 2028. The increasing adoption of digital health services, favorable consumer base, and substantial investment are the major factors contributing to the market growth in the U.S. Besides, growing demand for remote patient monitoring, coupled with the advancement of digital communication technology to support and improve healthcare services, is anticipated to accelerate the market growth over the forecast years. The shortage of physicians and clinicians in the U.S. is also expected to propel the telehealth industry growth. For instance, according to the Association of American Medical Colleges report published in June 2021, the estimated shortage of physicians in the U.S. could be between 37,800 and 124,000 by 2034, in both specialty and primary care.



Increasing remote patient visits using digital healthcare platforms due to social distancing practice during the COVID-19 pandemic in the U.S. are expected to boost the market growth over the forecast years. For instance, according to the Centers for Disease Control and Prevention (CDC), there is a 154% increase in telehealth visits in the U.S. during March 2020 as compared to the previous year i.e. March 2019. Remote digital healthcare services offered multiple benefits during the pandemic by reducing disease exposure for patients and staff. Growing access to the Internet by the U.S. population and increasing use of devices such as computers, tablets, and smartphones are also anticipated to provide potential industry growth opportunities.

The services segment held the largest revenue share in 2021. The growing demand for remote patient monitoring services that offer real-time interactions of the patients with the physicians is anticipated to drive the services segment in the U.S. Remote patient monitoring services have become smarter and affordable with improved clinical outcomes. These types of services attract the service providers to invest more in the telehealth market. Healthcare organizations in the U.S. are constantly changing their infrastructure to catch up to this revolution in healthcare. To integrate remote healthcare services, the healthcare organizations in the U.S. are rapidly upgrading themselves with the six most essential components such as IT infrastructures, hardware, software, Internet of things (IoT), scalable design, data, and patient security. For instance, in June 2021, Persistent Systems collaborated and invested in IBM to improve its digital transformation, core IT modernization facilities, and hybrid cloud platform for the customers.

U.S. Telehealth Market Report Highlights

  • The market growth can be attributed to the favorable consumer base, well-equipped digital health infrastructure, and increasing awareness regarding telehealth
  • On the basis of product type, the services segment dominated the market in 2021 due to the growing adoption of remote patient monitoring services
  • Based on delivery mode, the web-based segment led the market in 2021 owing to the increasing use of the web-based platform for telehealth and the availability of a large number of web-based telehealth solutions
  • By end use, the providers segment dominated the market in 2021 owing to the increasing number of providers in the U.S. and they offer telehealth services not only in the U.S. but also all over the world


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Frequently Asked Questions about the U.S. Telehealth Market

What is the estimated value of the U.S. Telehealth Market?

The U.S. Telehealth Market was estimated to be valued at $34 Billion in 2022.

What is the growth rate of the U.S. Telehealth Market?

The growth rate of the U.S. Telehealth Market is 44.4%, with an estimated value of $307.7 Billion by 2028.

What is the forecasted size of the U.S. Telehealth Market?

The U.S. Telehealth Market is estimated to be worth $307.7 Billion by 2028.

Who are the key companies in the U.S. Telehealth Market?

Key companies in the U.S. Telehealth Market include Koninklijke Philips N.V, GE Healthcare, Cerner Co, operation, Siemens Healthineers, Medtronic, Teladoc Health Inc., American Well and Doctor in Demand.

Table of Contents

Chapter 1 Methodology and Scope
1.1 Information Procurement
1.1.1 Purchased Database
1.1.2 Internal Database
1.1.3 Secondary Sources
1.1.4 Third-Party Perspective
1.1.5 Primary Research
1.2 Information Analysis & Data Analysis Models
1.3 List of Data Sources
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
Chapter 3 U.S. Telehealth Market Variables, Trends & Scope
3.1 Penetration and Growth Prospect Mapping
3.2 U.S. Telehealth Market Dynamics
3.2.1 Market Driver Analysis
3.2.2 Market Restraint Analysis
3.3 U.S. Telehealth Industry Analysis-Porter’s
3.3.1 Bargaining Power Of The Suppliers
3.3.2 Bargaining Power Of The Buyers
3.3.3 Threat Of Substitution
3.3.4 Threats From New Entrants
3.3.5 Competitive Rivalry
3.4 U.S. Telehealth Industry Analysis-PEST
3.4.1 Political Landscape
3.4.2 Economic Landscape
3.4.3 Social Landscape
3.4.4 Technology Landscape
3.5 Major Deals & Strategic Alliances Analysis
3.6 Impact of COVID-19 Pandemic on U.S. Telehealth market
Chapter 4 U.S. Telehealth market: Product Type Market Estimates & Trend Analysis
4.1 U.S. Telehealth Market: Product Analysis
4.1.1 Hardware
4.1.1.1 U.S. hardware market value estimates and forecasts, 2016-2028 (USD Million)
4.1.1.2 Monitors
4.1.1.2.1 U.S. monitors market value estimates and forecasts, 2016-2028 (USD Million)
4.1.1.3 Medical peripheral devices
4.1.1.3.1 U.S. medical peripheral devices market value estimates and forecasts, 2016-2028 (USD Million)
4.1.1.3.2 Blood pressure meters
4.1.1.3.2.1 U.S. Blood pressure meters market value estimates and forecasts, 2016-2028 (USD Million)
4.1.1.3.3 Blood glucose meters
4.1.1.3.3.1 U.S. Blood glucose meters market value estimates and forecasts, 2016-2028 (USD Million)
4.1.1.3.4 Weighing scales
4.1.1.3.4.1 U.S. weighing scales market value estimates and forecasts, 2016-2028 (USD Million)
4.1.1.3.5 Pulse oximeters
4.1.1.3.5.1 U.S. pulse oximeters market value estimates and forecasts, 2016-2028 (USD Million)
4.1.1.3.6 Peak flow meters
4.1.1.3.6.1 U.S. peak flow meters market value estimates and forecasts, 2016-2028 (USD Million)
4.1.1.3.7 ECG monitors
4.1.1.3.7.1 U.S. ECG monitors market value estimates and forecasts, 2016-2028 (USD Million)
4.1.1.3.8 Others
4.1.1.3.8.1 U.S. others market value estimates and forecasts, 2016-2028 (USD Million)
4.1.2 Softwares
4.1.2.1 U.S. software market value estimates and forecasts, 2016-2028 (USD Million)
4.1.2.2 Standalone
4.1.2.2.1 U.S. standalone software market value estimates and forecasts, 2016-2028 (USD Million)
4.1.2.3 Integrated
4.1.2.3.1 U.S. integrated software market value estimates and forecasts, 2016-2028 (USD Million)
4.1.3 Services
4.1.3.1 U.S. services market value estimates and forecasts, 2016-2028 (USD Million)
4.1.3.2 Remote patient monitoring
4.1.3.2.1 U.S. Remote patient monitoring market value estimates and forecasts, 2016-2028 (USD Million)
4.1.3.3 Real-Time Interactions
4.1.3.3.1 U.S. Real-Time Interactions market value estimates and forecasts, 2016-2028 (USD Million)
4.1.3.4 Store and forward
4.1.3.4.1 U.S. Store and forward market value estimates and forecasts, 2016-2028 (USD Million)
4.1.3.5 Others
4.1.3.5.1 U.S. others market value estimates and forecasts, 2016-2028 (USD Million)
Chapter 5 U.S. Telehealth market: Delivery Mode Estimates & Trend Analysis
5.1 U.S. Telehealth Market: Delivery mode Analysis
5.1.1 Web-based
5.1.1.1 U.S. web-based market estimates and forecasts, 2016-2028 (USD Million)
5.1.2 Cloud-based
5.1.2.1 U.S. cloud-based market estimates and forecasts, 2016-2028 (USD Million)
5.1.3 On-premises
5.1.3.1 U.S. on-premises market estimates and forecasts, 2016-2028 (USD Million)
Chapter 6 U.S. Telehealth Market: End-use Estimates & Trend Analysis
6.1 U.S. Telehealth Market: End-use Analysis
6.1.1 Providers
6.1.1.1 U.S. providers market estimates and forecasts, 2016-2028 (USD Million)
6.1.2 Payers
6.1.2.1 U.S. payers market estimates and forecasts, 2016-2028 (USD Million)
6.1.3 Patients
6.1.3.1 U.S. patients market estimates and forecasts, 2016-2028 (USD Million)
Chapter 7 Competitive Landscape
7.1 Company profiles
7.1.1 Koninklijke Philips N.V
7.1.1.1 Company Overview
7.1.1.2 Financial Performance
7.1.1.3 Product Benchmarking
7.1.1.4 Strategic Initiatives
7.1.2 GE Healthcare
7.1.2.1 Company Overview
7.1.2.2 Financial Performance
7.1.2.3 Product Benchmarking
7.1.2.4 Strategic Initiatives
7.1.3 Cerner Co-operation
7.1.3.1 Company Overview
7.1.3.2 Financial Performance
7.1.3.3 Product Benchmarking
7.1.3.4 Strategic Initiatives
7.1.4 Siemens Healthineers
7.1.4.1 Company Overview
7.1.4.2 Financial Performance
7.1.4.3 Product Benchmarking
7.1.4.4 Strategic Initiatives
7.1.5 Medtronic
7.1.5.1 Company Overview
7.1.5.2 Financial Performance
7.1.5.3 Product Benchmarking
7.1.5.4 Strategic Initiatives
7.1.6 Teladoc Health Inc.
7.1.6.1 Company Overview
7.1.6.2 Financial Performance
7.1.6.3 Product Benchmarking
7.1.6.4 Strategic Initiatives
7.1.7 American Well
7.1.7.1 Company Overview
7.1.7.2 Financial Performance
7.1.7.3 Product Benchmarking
7.1.7.4 Strategic Initiatives
7.1.8 MD Live
7.1.8.1 Company Overview
7.1.8.2 Financial Performance
7.1.8.3 Product Benchmarking
7.1.8.4 Strategic Initiatives
7.1.9 Doctor in Demand
7.1.9.1 Company Overview
7.1.9.2 Financial Performance
7.1.9.3 Product Benchmarking
7.1.9.4 Strategic Initiatives
7.1.10 U. S Med
7.1.10.1 Company Overview
7.1.10.2 Financial Performance
7.1.10.3 Product Benchmarking
7.1.10.4 Strategic Initiatives
List of Tables
Table 1 Product type market revenue estimates and forecasts, 2016-2028 (USD Million)
Table 2 Delivery mode market revenue estimates and forecasts, 2016-2028 (USD Million)
Table 3 End-use market revenue estimates and forecasts, 2016-2028 (USD Million)
List of Charts
Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 U.S. telehealth market summary, 2020 (USD Million)
Fig. 9 U.S. telehealth market trends & outlook
Fig. 10 U.S. telehealth market segmentation
Fig. 11 Penetration & growth prospect mapping
Fig. 12 Market driver analysis (Current & future impact)
Fig. 13 Market restraint analysis (Current & future impact)
Fig. 14 U.S. telehealth market, Product type outlook: Key takeaways (USD Millions)
Fig. 15 U.S. telehealth market: Product type movement analysis
Fig. 16 U.S. telehealth market, Delivery mode outlook: Key takeaways (USD Millions)
Fig. 17 U.S. telehealth market: Delivery mode movement analysis
Fig. 18 U.S. telehealth market, End-use outlook: Key takeaways (USD Millions)
Fig. 19 U.S. telehealth market: End-use movement analysis

Companies Mentioned

  • Koninklijke Philips N.V
  • GE Healthcare
  • Cerner Co-operation
  • Siemens Healthineers
  • Medtronic
  • Teladoc Health Inc.
  • American Well
  • MD Live
  • Doctor in Demand
  • U. S Med

Methodology

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