U.S. Telehealth Market - Industry Outlook and Forecast 2021-2026

U.S. Telehealth Market - Industry Outlook and Forecast 2021-2026

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this U.S. Telehealth Market Report

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.

The following factors are likely to contribute to the growth of the U.S. telehealth market during the forecast period:

  • Major Expansion in Reimbursement for Telehealth Services
  • Increased Strategic Acquisitions & Collaborations
  • The emergence of Telehealth Robots and Robotic Platforms
  • COVID-19 Pandemic driving demand for Telehealth Services
The study considers the U.S. telehealth market's present scenario and its market dynamics for the period 2020−2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

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.

In 2020, the web/app-based telehealth segment constituted over 77% of the U.S. telehealth market share. As the web-based delivery model requires minimal software and hardware components for delivering telehealth solutions, the demand is relatively high since they reduce upfront installation costs. Hence, the market is witnessing an increased adoption of web-based services. The segment is likely to grow at a healthy rate due to the growing demand from emerging economies embracing telehealth technology in most healthcare facilities in remote and rural areas.

In 2020, chronic care management accounted for approx. 36% of the U.S. telehealth market share. Chronic diseases are one of the major concerns for healthcare providers. Managing diseases such as diabetes, hypertension, and cancer has become a significant challenge for physicians. Around 40% of the US population suffers from chronic diseases. With the outbreak of the COVID-19 pandemic, tele stroke usage to monitor COVID-19 infected patients has increased, which has driven the demand for tele stroke.

The healthcare providers segment expects to witness an incremental growth of over USD 13 billion by 2026. The segment accounted for a significant share of approx. 42% in 2020. The inclusion of telehealth services in disease management and post-acute-care management programs is increasing efficiency and effectiveness. Several prestigious hospitals are implementing these services to improve profitability, attract and retain many patients, and reduce re-admissions. As telehealth services and remote patient monitoring devices are increasing, hospitals are focusing on enhancing telehealth infrastructure to meet the growing demand, thereby increasing market growth. Further, the increasing collaboration between hospitals and market vendors expects to boost the adoption of tele-ICUs.

  • Real-time Virtual Health
  • Remote Patient Monitoring
  • Store and Forward
  • Service
  • Hardware
  • Software
  • Chronic Care
  • Radiology
  • Mental Health
  • OB/GYN
  • Urgent Care
  • Others
Delivery Mode
  • Web/App-based Telehealth
  • Cloud-based Telehealth
  • On-premise Telehealth
  • Healthcare Providers
  • Patients & Individuals
  • Employers & Government Organizations
  • Payers

AMD Global Telehealth, American Well, GlobalMedia Group, Koninklijke Philips, Resideo Life Care Solutions, and Medtronic are the major players offering healthcare software/applications for remote healthcare. The U.S. telehealth market is characterized by rapid technological change, changing end user's requirements, shorter product lifecycles, and increasing industry standards. Vendors focus on enhancing their solution with next-generation technologies and developing or acquiring new services to access a new set of consumers in the market. In the pre COVID-19 pandemic, the U.S. telehealth market was in the early development stage, and it was competitive. However, it has become highly competitive during the COVID-19 pandemic. Vendors are coming up with integrated technology platforms, high-quality provider networks, sophisticated consumer engagement strategies, and entrenched distribution channels. They are trying to create a strong brand image, establishing a solid relationship with clients to become a leading telehealth platform in the US.

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
  • Boston Scientific
  • Biotricity
  • CHI Health
  • Doctor on Demand
  • edgeMED Healthcare
  • eVisit
  • GE Healthcare
  • Genome Medical
  • Graham Healthcare Group
  • Harris Computer
  • HealthTap
  • iHealth Labs
  • Integrity Urgent Care
  • iSelectMD
  • MedArrive
  • Masimo
  • Medici
  • MeMD
  • MedXCom
  • Mercy Virtual
  • NextGen Healthcare
  • Nines
  • Omron Healthcare
  • PlushCare
  • 98point6
  • SOC Telemed
  • Spacelabs Healthcare
  • THA Group
  • TytoCare
  • Vidyo
  • Vsee
  • virtuwell
  • Vida Health
  • US

1. What are telehealth services, and what are their applications?

2. How big is the U.S. telehealth market?

3. What are the future trends in the healthcare IT Industry?

4. What are the top telemedicine companies in the US region?

5. Which factors are expected to drive the adoption of telehealth services?

6. Has the COVID-19 pandemic accelerated the growth of telemedicine services?

1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of The Study
4.3.1 Market Segmentation by Modality
4.3.2 Market Segmentation by Component
4.3.3 Market Segmentation by Delivery Mode
4.3.4 Market Segmentation by End-user
4.3.5 Market Segmentation by Application
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
14.3.1 Threat of New Entrants
14.3.2 Bargaining Power of Suppliers
14.3.3 Bargaining Power of Buyers
14.3.4 Threat of Substitutes
14.3.5 Competitive Rivalry
15 Modality
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Real-Time Virtual Health
15.3.1 Market Overview
15.3.2 Market Size & Forecast
15.3.3 Real-time Virtual Health: Segmentation
15.3.4 Video Communication: Market Size & Forecast
15.3.5 Audio Communication: Market Size & Forecast
15.3.6 Chat/E-mail Communication: Market Size & Forecast
15.4 Remote Patient Monitoring
15.4.1 Market Overview
15.4.2 Market Size & Forecast
15.5 Store & Forward
15.5.1 Market Overview
15.5.2 Market Size & Forecast
16 Component
16.1 Market Snapshot & Growth Engine
16.2 Market Overview
16.3 Telehealth Services
16.3.1 Market Overview
16.3.2 Market Size & Forecast
16.4 Hardware
16.4.1 Market Overview
16.4.2 Market Size & Forecast
16.5 Software
16.5.1 Market Overview
16.5.2 Market Size & Forecast
17 Delivery Mode
17.1 Market Snapshot & Growth Engine
17.2 Market Overview
17.3 Web/App-Based Telehealth
17.3.1 Market Overview
17.3.2 Market Size & Forecast
17.4 Cloud-Based Telehealth
17.4.1 Market Overview
17.4.2 Market Size & Forecast
17.5 On-Premise Telehealth
17.5.1 Market Overview
17.5.2 Market Size & Forecast
18 Application
18.1 Market Snapshot & Growth Engine
18.2 Market Overview
18.3 Chronic Care Management
18.3.1 Market Overview
18.3.2 Market Size & Forecast
18.4 Radiology
18.4.1 Market Overview
18.4.2 Market Size & Forecast
18.5 Mental Health/Neurology
18.5.1 Market Overview
18.5.2 Market Size & Forecast
18.6 Obstetrics/Gynecology (OB/GYN) Care
18.6.1 Market Overview
18.6.2 Market Size & Forecast
18.7 Urgent Care
18.7.1 Market Overview
18.7.2 Market Size & Forecast
18.8 Others
18.8.1 Market Overview
18.8.2 Market Size & Forecast
19 End-User
19.1 Market Snapshot & Growth Engine
19.2 Market Overview
19.3 Healthcare Providers
19.3.1 Market Overview
19.3.2 Market Size & Forecast
19.4 Patients
19.4.1 Market Overview
19.4.2 Market Size & Forecast
19.5 Employer Groups & Government Organizations
19.5.1 Market Overview
19.5.2 Market Size & Forecast
19.6 Payers
19.6.1 Market Overview
19.6.2 Market Size & Forecast
20 Competitive Landscape
20.1 Competition Overview
20.2 Market Share Analysis
20.2.1 AMD Global Telehealth
20.2.2 American Well
20.2.3 BioTelemetry
20.2.4 Global Media Group
20.2.5 InTouch Health
20.2.6 Koninklijke Philips
20.2.7 Medtronic
20.2.8 Resideo Life Care Solutions
20.2.9 Vivify Health
20.2.10 Teladoc Health
21 Key Company Profiles
21.1 AMD Global Telemedicine
21.1.1 Business Overview
21.1.2 Product Offerings
21.1.3 Key Strategies
21.1.4 Key Strengths
21.1.5 Key Opportunities
21.2 American Well
21.2.1 Business Overview
21.2.2 Product Offerings
21.2.3 Key Strategies
21.2.4 Key Strengths
21.2.5 Key Opportunities
21.3 Biotelemetry
21.3.1 Business Overview
21.3.2 Product Offerings
21.3.3 Key Strategies
21.3.4 Key Strengths
21.3.5 Key Opportunities
21.4 Globalmedia Group
21.4.1 Business Overview
21.4.2 Product Offerings
21.4.3 Key Strategies
21.4.4 Key Strengths
21.4.5 Key Opportunities
21.5.1 Business Overview
21.5.2 Product Offerings
21.5.3 Key Strategies
21.5.4 Key Strengths
21.5.5 Key Opportunities
21.6 Koninklijke Philips
21.6.1 Business Overview
21.6.2 Product Offerings
21.6.3 Key Strategies
21.6.4 Key Strengths
21.6.5 Key Opportunities
21.7 Medtronic
21.7.1 Business Overview
21.7.2 Product Offerings
21.7.3 Key Strategies
21.7.4 Key Strengths
21.7.5 Key Opportunities
21.8 Resideo Life Care Solutions
21.8.1 Business Overview
21.8.2 Product Offerings
21.8.3 Key Strategies
21.8.4 Key Strengths
21.8.5 Key Opportunities
21.9 Teladoc Health
21.9.1 Business Overview
21.9.2 Product Offerings
21.9.3 Key Strategies
21.9.4 Key Strengths
21.9.5 Key Opportunities
21.10 Vivify Health
21.10.1 Business Overview
21.10.2 Product Offerings
21.10.3 Key Strategies
21.10.4 Key Strengths
21.10.5 Key Opportunities
22 Other Prominent Vendors
22.1 Airstrip Technologies
22.1.1 Business Overview
22.1.2 Product Offerings
22.2 A&D Company
22.2.1 Business Overview
22.2.2 Product Offerings
22.3 Abbott
22.3.1 Business Overview
22.3.2 Product Offerings
22.4 Agamatrix
22.4.1 Business Overview
22.4.2 Product Offerings
22.5 Alivecor
22.5.1 Business Overview
22.5.2 Product Offerings
22.6 AT&T
22.6.1 Business Overview
22.6.2 Product Offerings
22.7 Athenahealth
22.7.1 Business Overview
22.7.2 Product Offerings
22.8 Biotronik
22.8.1 Business Overview
22.8.2 Product Offerings
22.9 Boston Scientific
22.9.1 Business Overview
22.9.2 Product Offerings
22.10 Biotricity
22.10.1 Business Overview
22.10.2 Product Offerings
22.11 CHI Health
22.11.1 Business Overview
22.11.2 Product Offerings
22.12 Doctor on Demand
22.12.1 Business Overview
22.12.2 Product Offerings
22.13 Edgemed Healthcare
22.13.1 Business Overview
22.13.2 Product Offerings
22.14 EVISIT
22.14.1 Business Overview
22.14.2 Product Offerings
22.15 GE Healthcare
22.15.1 Business Overview
22.15.2 Product Offerings
22.16 Genome Medical
22.16.1 Business Overview
22.16.2 Product Offerings
22.17 Graham Healthcare Group
22.17.1 Business Overview
22.17.2 Product Offerings
22.18 Harris Computer
22.18.1 Business Overview
22.18.2 Product Offerings
22.19 Healthtap
22.19.1 Business Overview
22.19.2 Product Offerings
22.20 Inova
22.20.1 Business Overview
22.20.2 Product Offerings
22.21 Ihealth Labs
22.21.1 Business Overview
22.21.2 Product Offerings
22.22 Integrity Urgent Care
22.22.1 Business Overview
22.22.2 Product Offerings
22.23 iSelectMD
22.23.1 Business Overview
22.23.2 Product Offerings
22.24 MedArrive
22.24.1 Business Overview
22.24.2 Product Offerings
22.25 MASIMO
22.25.1 Business Overview
22.25.2 Product Offerings
22.26 MDLIVE
22.26.1 Business Overview
22.26.2 Product Offerings
22.27 Medici
22.27.1 Business Overview
22.27.2 Product Offerings
22.28 MEMD
22.28.1 Business Overview
22.28.2 Product Offerings
22.29.1 Business Overview
22.29.2 Product Offerings
22.30 Mercy Virtual
22.30.1 Business Overview
22.30.2 Product Offerings
22.31 Nextgen Healthcare
22.31.1 Business Overview
22.31.2 Product Offerings
22.32 NINES
22.32.1 Business Overview
22.32.2 Product Offerings
22.33 Omron Healthcare
22.33.1 Business Overview
22.33.2 Product Offerings
22.34 Plushcare
22.34.1 Business Overview
22.34.2 Product Offerings
22.35 98POINT6
22.35.1 Business Overview
22.35.2 Product Offerings
22.36 SOC Telemed
22.36.1 Business Overview
22.36.2 Product Offerings
22.37 Spacelabs Healthcare
22.37.1 Business Overview
22.37.2 Product Offerings
22.38 THA Group
22.38.1 Business Overview
22.38.2 Product Offerings
22.39 Tytocare
22.39.1 Business Overview
22.39.2 Product Offerings
22.40 Vidyo
22.40.1 Business Overview
22.40.2 Product Offerings
22.41 VSEE
22.41.1 Business Overview
22.41.2 Product Offerings
22.42 Virtuwell
22.42.1 Business Overview
22.42.2 Product Offerings
22.43 Vida Health
22.43.1 Business Overview
22.43.2 Product Offerings
22.44 Zipnosis
22.44.1 Business Overview
22.44.2 Product Offerings
23 Report Summary
23.1 Key Takeaways
23.2 Strategic Recommendations
24 Quantitative Summary
24.1 Market By Application
24.2 Market By End-User
24.3 Market By Mode Of Delivery
24.4 Market By Component
24.5 Market By Modality
25 Appendix
25.1 Abbreviations

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