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United States Telehealth Market Analysis, & Revenue [2031]

United States Telehealth Market

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Segments - by Modalities (Real-time Virtual Health, Remote Patient Monitoring, and Store & Forward), Components (Service, Hardware, and Software), Applications (Chronic Care, Radiology, Mental Health, OB/GYN, Urgent Care, and Others), Delivery Modes (Web/App-based Telehealth, Cloud-based Telehealth, and On-premise Telehealth), End-users (Healthcare Providers, Patients & Individuals, Employers & Government Organizations, and Payers), and Country - United States Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

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Raksha Sharma

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Report Description

United States Telehealth Market Outlook 2031:

The United States telehealth market size was valued at USD 26.9 Billion in 2022 and is projected to reach USD 189.35 Billion by 2031, expanding at a CAGR of 22.9% during the forecast period 2023 - 2031. Telehealth has enabled cost-effective treatment, the adoption of home healthcare services, and low infrastructure development expenditures.

Telecommunications and healthcare systems are being integrated more than ever before with the rapid development of advanced technology to ensure easy flow of communication between medical staffs and patients. Telehealth is revolutionizing the healthcare industry because it reduces hospital visits by patients that lead to substantial cut in the health expenditures.

United States Telehealth Market Trends, Drivers, Restraints, and Opportunities

Rising number of the ageing population globally and wide prevalence of several illness among this group of people are key drivers of the market.
Change in lifestyle, growing number of health-conscious population, and rising per capita income of a large number of population worldwide present key aspects of the market growth.
Wide adoption of telehealth robots and emergence of robotic platforms to help provide a smooth means of communications for medical advices by patients are accelerating the market growth.
High cost of installing necessary systems, devices, and equipment required for real-time measurement of healthcare parameters is a key challenge, which is expected to act as a major market barrier in the coming years.
Availability of affordable treatment due to technological upgrade and favorable government policies for better healthcare infrastructure are key factors offering lucrative opportunities of the market.

Scope of Telehealth Market Report

The report on the United States telehealth market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes	Details
Report Title	United States Telehealth Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Modalities (Real-time Virtual Health, Remote Patient Monitoring, and Store & Forward), Components (Service, Hardware, and Software), Applications (Chronic Care, Radiology, Mental Health, OB/GYN, Urgent Care, and Others), Delivery Modes (Web/App-based Telehealth, Cloud-based Telehealth, and On-premise Telehealth), End-users (Healthcare Providers, Patients & Individuals, Employers & Government Organizations, and Payers)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	AMD Global Telemedicine; American Well; BioTelemetry; GlobalMedia Group; InTouch Health; Koninklijke Philips; Medtronic; Resideo Life Care Solutions; Teladoc Health; and Vivify Health

United States Telehealth Market Segment Insights

Real-time virtual health segment to retain its dominance in the market

Based on modalities, the United States telehealth market is fragmented into real-time virtual health, remote patient monitoring, and store & forward. The real-time virtual health segment accounted for a key market share in 2020 and is expected to retain its dominance during the forecast period.

The segment growth is attributed to wide applications of the real-time virtual care in various healthcare examination and increasingly utilized of modality in remote ICUs as a result of the COVID-19 pandemic. However, the remote patient monitoring segment is expected to grow at a healthy rate in the coming years owing to growing prevalence of chronic diseases among the elderly people including cardiovascular diseases, diabetes, and respiratory diseases.

Service segment to hold a significant market share

On the basis of components, the market is segmented into service, hardware, and software.

The services segment is anticipated to grow at a rapid CAGR during the forecast period due to the rising focus shifts to patient-centered, value-based care from conventional hospital-centric, and fee-per-service models.

Furthermore, the growing demand for low-cost treatments and availability of various updated health care services is expected to drive the segment growth. However, limited insurance coverage particularly by Medicare as well as issues related to the ambiguous regulatory framework adopted by various states especially by the US Federal government, are expected to limit market growth during the forecast period.

Chronic care segment to dominate the market

In terms of applications, the United States telehealth market is segregated into chronic care, radiology, mental health, OB/GYN, urgent care, and others. The chronic care segment is expected to dominate the market in the coming years owing to wide applications of the service for the management and consultation of chronic illness, which constitutes a major source of concern for healthcare providers.

Managing diseases such as diabetes, hypertension, and cancer have become a major challenge as these diseases had affected a huge number of the US population.

Web-based delivery models segment to grow signifcantly

Based on delivery models, the market is divided into web/app-based telehealth, cloud-based telehealth, and on-premise telehealth. The web-based delivery models segment is projected to grow significantly in the coming years due to high demand of the model as these method involves less installation costs.

This model require few software and hardware components to deliver telehealth solutions, as a result, the adoption of web-based services is rapidly increasing and better choice for patients. The segment is further accelerated as emerging economies have embraced telehealth technology in most healthcare facilities in remote and rural areas.

Healthcare providers segment to expand rapidly

On the basis of end-users, the United States telehealth market is segmented into healthcare providers, patients & individuals, employers & government organizations, and payers. The healthcare providers segment is expected to grow incrementally during the forecast period owing to the inclusion of telehealth services in disease management and post-acute-care management programs.

Several prestigious hospitals are implementing these services to improve profitability, attract and retain many patients, and reduce re-admissions of patients. As telehealth services and remote patient monitoring devices are increasing, hospitals are focusing on enhancing telehealth infrastructure to meet the growing demand, thereby, increasing the segment growth.

Further, the increasing collaboration between hospitals and market vendors is expected to boost the adoption of tele-ICUs.

Segments

By Modalities

Real-time Virtual Health
Remote Patient Monitoring
Store & Forward

By Components

Service
Hardware
Software

By Applications

Chronic Care
Radiology
Mental Health
OB/GYN
Urgent Care
Others

By Delivery Modes

Web/App-based Telehealth
Cloud-based Telehealth
On-premise Telehealth

By End-users

Healthcare Providers
Patients & Individuals
Employers & Government Organizations
Payers

By Country

The United States

By Key Players

AMD Global Telemedicine
American Well
BioTelemetry
GlobalMedia Group
InTouch Health
Koninklijke Philips
Medtronic
Resideo Life Care Solutions
Teladoc Health
Vivify Health

Competitive Landscape

Key players in the United States telehealth market are AMD Global Telemedicine; American Well; BioTelemetry; GlobalMedia Group; InTouch Health; Koninklijke Philips; Medtronic; Resideo Life Care Solutions; Teladoc Health; and Vivify Health.

These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Telehealth Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Telehealth Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Telehealth Market - Supply Chain
  4.5. Global Telehealth Market Forecast
     4.5.1. Telehealth Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Telehealth Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Telehealth Market Absolute $ Opportunity
5. Global Telehealth Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Telehealth Market Size and Volume Forecast by Applications
     5.3.1. Chronic Care
     5.3.2. Radiology
     5.3.3. Mental Health
     5.3.4. OB/GYN
     5.3.5. Urgent Care
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Telehealth Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Telehealth Market Size and Volume Forecast by End Users
     6.3.1. Healthcare Providers
     6.3.2. Patients & Individuals
     6.3.3. Employers & Government Organizations
     6.3.4. Payers
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Telehealth Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Telehealth Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Telehealth Demand Share Forecast, 2019-2026
8. North America Telehealth Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Telehealth Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Telehealth Market Size and Volume Forecast by Applications
     8.4.1. Chronic Care
     8.4.2. Radiology
     8.4.3. Mental Health
     8.4.4. OB/GYN
     8.4.5. Urgent Care
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Telehealth Market Size and Volume Forecast by End Users
     8.7.1. Healthcare Providers
     8.7.2. Patients & Individuals
     8.7.3. Employers & Government Organizations
     8.7.4. Payers
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Telehealth Demand Share Forecast, 2019-2026
9. Latin America Telehealth Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Telehealth Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Telehealth Market Size and Volume Forecast by Applications
     9.4.1. Chronic Care
     9.4.2. Radiology
     9.4.3. Mental Health
     9.4.4. OB/GYN
     9.4.5. Urgent Care
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Telehealth Market Size and Volume Forecast by End Users
     9.7.1. Healthcare Providers
     9.7.2. Patients & Individuals
     9.7.3. Employers & Government Organizations
     9.7.4. Payers
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Telehealth Demand Share Forecast, 2019-2026
10. Europe Telehealth Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Telehealth Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Telehealth Market Size and Volume Forecast by Applications
     10.4.1. Chronic Care
     10.4.2. Radiology
     10.4.3. Mental Health
     10.4.4. OB/GYN
     10.4.5. Urgent Care
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Telehealth Market Size and Volume Forecast by End Users
     10.7.1. Healthcare Providers
     10.7.2. Patients & Individuals
     10.7.3. Employers & Government Organizations
     10.7.4. Payers
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Telehealth Demand Share Forecast, 2019-2026
11. Asia Pacific Telehealth Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Telehealth Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Telehealth Market Size and Volume Forecast by Applications
     11.4.1. Chronic Care
     11.4.2. Radiology
     11.4.3. Mental Health
     11.4.4. OB/GYN
     11.4.5. Urgent Care
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Telehealth Market Size and Volume Forecast by End Users
     11.7.1. Healthcare Providers
     11.7.2. Patients & Individuals
     11.7.3. Employers & Government Organizations
     11.7.4. Payers
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Telehealth Demand Share Forecast, 2019-2026
12. Middle East & Africa Telehealth Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Telehealth Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Telehealth Market Size and Volume Forecast by Applications
     12.4.1. Chronic Care
     12.4.2. Radiology
     12.4.3. Mental Health
     12.4.4. OB/GYN
     12.4.5. Urgent Care
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Telehealth Market Size and Volume Forecast by End Users
     12.7.1. Healthcare Providers
     12.7.2. Patients & Individuals
     12.7.3. Employers & Government Organizations
     12.7.4. Payers
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Telehealth Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Telehealth Market: Market Share Analysis
  13.2. Telehealth Distributors and Customers
  13.3. Telehealth Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. AMD Global Telemedicine
     13.4.2. American Well
     13.4.3. BioTelemetry
     13.4.4. GlobalMedia Group
     13.4.5. InTouch Health
     13.4.6. Koninklijke Philips
     13.4.7. Medtronic
     13.4.8. Resideo Life Care So

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