United States Telehealth Market 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, Forecasts, 2021-2028
The United States telehealth market is anticipated to expand at substantial CAGR during the forecast period, between 2021 and 2028. 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.
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 the report:
| Attributes | Details |
| Report Title | United States Telehealth Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| 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 |
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.
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
Segments Covered in the Report
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.
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 (000’ 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
Segments Covered in the Report
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
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.
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