USA Telemedicine Market Introduction and Overview
According to SPER Market Research, the USA Telemedicine Market is estimated to reach USD XX billion by 2032 with a CAGR of XX%.
The report includes an in-depth analysis of the USA Telemedicine Market, including market size and trends, product mix, distribution channels, and supplier analysis.Telemedicine is the distant provision of medical services via telecommunications technology, which might include mobile apps, videoconferencing, and remote monitoring devices. Patients can receive healthcare consultations, diagnoses, and treatment from healthcare providers via telemedicine without having to physically visit a healthcare center.
- In January 2023, Cosmos Health Inc., a multinational healthcare organization, announced the successful acquisition of ZipDoctor, Inc. ZipDoctor, a direct-to-consumer subscription-based telemedicine startup, promises to provide its users with 24/7, low-cost, unlimited access to licensed mental and behavioral health counsellors, therapists, and board-certified doctors.
- May 2023: The Tech to Save Moms Act, proposed by US Senators Bob Menendez and Dan Sullivan, is a bipartisan piece of legislation that aims to enhance maternity care outcomes through the use of telemedicine and digital health technologies. The Tech to Save Moms Act provides funding to extend telehealth use in order to prevent maternal mortality and poor maternal outcomes.
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Market Opportunities and Challenges
USA Telemedicine market offers both large market opportunities and significant market challenges. On the opportunity side, this industry has grown significantly in recent years as a result of technical improvements, a growing need for virtual healthcare services, and a need for healthcare providers to improve efficiency and reduce costs. In the US, telemedicine services may include patient distribution of medical supplies or prescriptions as well as remote patient monitoring and consultations with medical specialists. Such services are available via various channels such as video conferencing, mobile applications, and remote monitoring tools.
However, this thriving industry is now being hampered by the legislative challenges. Lack of legislative appetite - social security proposals aimed at enhancing access to healthcare services, reimbursement rules, and universal healthcare coverage are being stymied in the US Congress. Due to political politics, proposals submitted in Congress or the Senate for universal healthcare coverage or using technology for better healthcare services are not passed. As a result, there will be no public money, legalized guidelines, or laws to improve telehealth in the US market. As a result, the market's growth will be hampered by a lack of political will to upgrade and integrate technologies in the healthcare business.
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Market Competitive Landscape
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. These companies are focusing on innovations, collaborations, and expansions to increase their market share.
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
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| Regions covered | Northern, Southeast, Midwest, Southwest, West
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| 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
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COVID-19 Impact on USA Telemedicine Market
The COVID-19 epidemic has had a substantial impact on the US telemedicine sector. Many people have turned to telemedicine services to receive medical care from the convenience and security of their homes because they need to maintain social distance and because there is a risk of infection. As a result, the market for telemedicine in the United States is expanding quickly and there is an increase in demand for telemedicine services. The epidemic has brought to light how important telemedicine is as a tool for providing emergency medical care. In order to perform virtual consultations and monitor patients from a distance while lowering the risk of infection and using less personal protective equipment, healthcare providers are increasingly turning to telemedicine.
Key Target Audience:
- Patients
- Healthcare Providers
- Health Systems and Hospitals
- Employers
- Insurers
- Government Agencies
Our in-depth analysis of the USA Telemedicine Market includes the following segments:
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By Service:
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Tele-Consulting
Tele-Monitoring
Tele-Education
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By Type:
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Telehospital
Telehome
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By Speciality:
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Cardiology
Gynaecology
Neurology
Orthopedics
Dermatology
Mental Health
Critical Care
Neonatology
Others
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By Component:
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Hardware
Software
Service
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By Delivery Mode:
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Web/Mobile
Call Centers
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Key Topics Covered in the Report:
- USA Telemedicine Market Size (FY’2022-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
- Expansion Analysis of USA Telemedicine Market
- Problems and Obstacles in USA Telemedicine Market
- Competitive Landscape in the USA Telemedicine Market
- Impact of COVID-19 and Demonetization on USA Telemedicine Market
- Details on Current Investment in USA Telemedicine Market
- Competitive Analysis of USA Telemedicine Market
- Prominent Players in the USA Telemedicine Market
- SWOT Analysis of USA Telemedicine Market
- USA Telemedicine Market Future Outlook and Projections (FY’2022-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.
