USA Telemedicine Market Overview
According to SPER Market Research, the USA Telemedicine Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
Telemedicine refers to the delivery of medical services remotely using telecommunications technology, which can include mobile apps, videoconferencing, and remote monitoring devices. With telemedicine, patients can receive healthcare consultations, diagnoses, and treatment from healthcare providers without the need to physically visit a healthcare facility. Patients can consult with healthcare professionals, receive medical advice, and even get prescriptions for medication through telemedicine. In addition, telemedicine can also be used to remotely monitor patients with chronic conditions or track vital signs.
The USA telemedicine market is the sector that involves delivering healthcare services remotely in the United States through the use of telecommunications technology. This market has experienced substantial growth in recent years, thanks to technological advancements, a growing desire for virtual healthcare services, and a need for healthcare providers to enhance efficiency and decrease costs. Telemedicine services in the USA may comprise remote consultations with healthcare professionals, monitoring of patients from a distance, and distributing medical supplies or medications to patients. Such services are possible through different channels like video conferencing, mobile applications, and remote monitoring tools.
Impact of COVID-19 on the USA Telemedicine Market
The USA telemedicine market has been significantly impacted by the COVID-19 pandemic. With the need for social distancing and the risk of infection, many individuals have turned to telemedicine services to receive medical care from the comfort and safety of their homes. This has resulted in a surge in demand for telemedicine services and rapid growth in the telemedicine market in the United States. The pandemic has emphasized the significance of telemedicine as a crucial tool for delivering healthcare services during a crisis. Healthcare providers have increasingly utilized telemedicine to conduct virtual consultations and remotely monitor patients, thereby reducing the risk of infection and conserving personal protective equipment.
Moreover, the COVID-19 pandemic has brought about regulatory changes that have facilitated the expansion of telemedicine services. For instance, the CMS has temporarily increased tele-health coverage and reimbursement for services during the pandemic. This has enabled more healthcare providers to provide telemedicine services, and more patients to access them.
Overall, the COVID-19 pandemic has accelerated the growth of the USA telemedicine market, highlighting the importance of telemedicine services in offering convenient and accessible healthcare, particularly during a public health emergency.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Service, By Type, By Speciality, By Component, By Delivery Mode
|
| Regions covered | Northern, Southeast, Midwest, Southwest, West
|
| Companies Covered | Allscripts Healthcare Solutions Inc., AMD Global Telemedicine, Inc., American Well, Cisco, Eagle Telemedicine, Honeywell International Inc., Koninklijke Philips N.V., Mckesson Corporation, OBS Medical, Oracle Corporation, OC Telemed, Specialist Telemed, Teladoc Health
|
Key Target Audience:
- Patients
- Healthcare Providers
- Health Systems and Hospitals
- Employers
- Insurers
- Government Agencies
USA Telemedicine Market Segmentation:
1. By Service:
- Tele-Consulting
- Tele-Monitoring
- Tele-Education
- Others
2. By Type:
3. By Speciality:
- Cardiology
- Gynaecology
- Neurology
- Orthopedics
- Dermatology
- Mental Health
- Critical Care
- Neonatology
- Others
4. By Component:
5. By Delivery Mode:
6. By Region:
- Northern
- Southeast
- Midwest
- Southwest
Key Topics Covered in the Report:
- Size of USA Telemedicine Market (FY’2019-FY’2032)
- Overview of USA Telemedicine Market
- Segmentation of USA Telemedicine Market By Service(Tele-Consulting, Tele-Monitoring, Tele-Education, Others)
- Segmentation of USA Telemedicine Market By Type (Telehospital, Telehome)
- Segmentation of USA Telemedicine Market By Speciality(Cardiology, Gynaecology, Neurology, Orthopedics, Dermatology, Mental Health, Critical Care, Neonatology, Others)
- Segmentation of USA Telemedicine Market By Component (Hardware, Software, Service)
- Segmentation of USA Telemedicine Market By Delivery Mode(Web/Mobile, Call Centers)
- Statistical Snap of USA Telemedicine Market
- Growth Analysis of USA Telemedicine Market
- Problems and Challenges in USA Telemedicine Market
- Competitive Landscape in the USA Telemedicine Market
- Impact of COVID-19 and Demonetization on USA Telemedicine Market
- Details on Recent Investment in USA Telemedicine Market
- Competitive Analysis of USA Telemedicine Market
- Major Players in the USA Telemedicine Market
- SWOT Analysis of USA Telemedicine Market
- USA Telemedicine Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the USA Telemedicine Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 USA Telemedicine Market Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in USA Telemedicine Market
7. USA Telemedicine Market, By Service, 2019-2032 (USD Million)
7.1 Tele-Consulting
7.2 Tele-Monitoring
7.3 Tele-Education
7.4 Others
8. USA Telemedicine Market, By Type, 2019-2032(USD Million)
8.1 Telehospital
8.2 Telehome
9. USA Telemedicine Market, By Speciality, 2019-2032(USD Million)
9.1 Cardiology
9.2 Gynaecology
9.3 Neurology
9.4 Orthopedics
9.5 Dermatology
9.6 Mental Health
9.7 Critical Care
9.8 Neonatology
9.9 Others
10. USA Telemedicine Market, By Component, 2019-2032(USD Million)
10.1 Hardware
10.2 Software
10.3 Service
11. USA Telemedicine Market, By Delivery Mode, 2019-2032(USD Million)
11.1 Web/Mobile
11.2 Call Centers
12. USA Telemedicine Market, By Region, 2019-2032 (USD Million)
12.1 USA Telemedicine Market Size and Market Share by Region (2019-2025)
12.2 USA Telemedicine Market Size and Market Share by Region (2026-2032)
12.3 Northern
12.4 Southeast
12.5 Midwest
12.6 Southwest
12.7 West
13. Company Profiles
13.1 Allscripts Healthcare Solutions Inc.
13.1.1 Company details
13.1.2 Financial outlook
13.1.3 Product summary
13.1.4 Recent developments
13.2 AMD Global Telemedicine, Inc.
13.2.1 Company details
13.2.2 Financial outlook
13.2.3 Product summary
13.2.4 Recent developments
13.3 American Well
13.3.1 Company details
13.3.2 Financial outlook
13.3.3 Product summary
13.3.4 Recent developments
13.4 Cisco
13.4.1 Company details
13.4.2 Financial outlook
13.4.3 Product summary
13.4.4 Recent developments
13.5 Eagle Telemedicine
13.5.1 Company details
13.5.2 Financial outlook
13.5.3 Product summary
13.5.4 Recent developments
13.6 Honeywell International Inc.
13.6.1 Company details
13.6.2 Financial outlook
13.6.3 Product summary
13.6.4 Recent developments
13.7 Koninklijke Philips N.V.
13.7.1 Company details
13.7.2 Financial outlook
13.7.3 Product summary
13.7.4 Recent developments
13.8 McKesson Corporation
13.8.1 Company details
13.8.2 Financial outlook
13.8.3 Product summary
13.8.4 Recent developments
13.9 OBS Medical
13.9.1 Company details
13.9.2 Financial outlook
13.9.3 Product summary
13.9.4 Recent developments
13.10 Oracle Corporation
13.10.1 Company details
13.10.2 Financial outlook
13.10.3 Product summary
13.10.4 Recent developments
13.11 SOC Telemed
13.11.1 Company details
13.11.2 Financial outlook
13.11.3 Product summary
13.11.4 Recent developments
13.12 Specialist Telemed
13.12.1 Company details
13.12.2 Financial outlook
13.12.3 Product summary
13.12.4 Recent developments
13.13 Teladoc Health
13.13.1 Company details
13.13.2 Financial outlook
13.13.3 Product summary
13.13.4 Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
