Pulished Date March, 2020
ID: 9363
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United States Telehealth Market Analysis – By Component (Services, Software and Hardware), Delivery Mode, End Users and Country - Industry Stats, Size, Share, Trends, Growth and Forecast | 2020 - 2025

Pulished: March, 2020
ID: 9363
Pages: 100

The United States Telehealth Market is predicted to grow at a high CAGR of 31.2% from 2020 to 2025.

The adoption rate of the telehealth market in the US has witnessed gradual growth over the past decade and almost 74% of the population in the United States is using telehealth services. Based on a study conducted on 8000 patients, a survey has concluded that the patients have experienced indifference between the direct visit and virtual appointment. Telehealth has improved the decision-making process of about 53% of the population in the US. The adoption rate of telemedicine is significantly greater than in urban which are about 43.5% of the population due to the absence of specialist and primary healthcare services.

The Global telehealth market in U.S. has witnessed rapid growth in the recent past owing to the expansion of telehealth services in the region due to the approval of telemedicine legislation approved by the state. 

The significant factor that is boosting the growth of the US telehealth market is enhanced care for the patients at reduced costs. High demand for remote patient monitoring, medical assistance, and healthcare services are fuelling the telehealth market in the US. Technological advancements led to the integration of innovative technologies with healthcare such as wearable devices, smartphone applications, these technologies are significantly contributing to the growth of the US telehealth market.

However, the lack of reimbursements for some telemedicine services will hamper the market growth in the future. Also, telemedicine carries unique challenges in ensuring patient privacy and safety of health information that may limit industry growth.

The emergence of technologically advanced techniques is expected to provide a number of growth opportunities to the US telehealth market. Constantly increasing demand for telehealth due to the discomfort and longer waiting periods in the physical visits are resulting in a rise in popularity of virtual visits and mhealth which are used to monitor health conditions to analysis in order to identify serious health issues in the patients, these factors are expected to offer lucrative opportunities for the key market players functioning in the telehealth market in the United States. The availability of wearable medical devices that are compatible with health applications in smartphones and increasing demand for personalized care is expected to boost opportunities for the key market players functioning in the US health market.

This research report is segmented based on Component, Delivery, End Users and Country.

  • By Component: Services, Software and Hardware
  • By Delivery: Web –based, Cloud-Based and On-premise
  • By End Users: Providers, Patients, Payers and Other End Users

United States Telehealth market segment is contributing a major share of revenues to the North American telehealth market is likely to grow further over the forecast period owing to the factors such as the presence of key market players in the region, increasing demand of virtual consultations, and the increasing popularity of telehealth among healthcare providers in order to provide services with improved connectivity to the patients located at farther distances and remote areas.

Companies like American Well, GlobalMed, Teladoc Health, Inc., Dictum Health, Inc., InTouch Technologies, Inc., Doctor On Demand, Inc., MDLIVE Inc., Encounter Telehealth, HelloMD and SnapMD, Inc. are playing a leading role in the United States Telehealth Market.

  1. Introduction
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year and Forecast Periods
    4. General Study Assumptions
  2. Research Methodology
    1. Introduction
    2. Research Phases
        1. Secondary Research
        2. Primary Research
        3. Econometric Modelling
        4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Overview
    1. Executive Summary
    2. Key Inferences
    3. New Developments
  4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
    1. Market Drivers
    2. Market Restraints
    3. Key Challenges
    4. Current Opportunities in the Market
  5. Market Segmentation
    1. By Component
      1. Services
        1. Remote monitoring
        2. Real time interactors
        3. Store and forward consulting
      2. Software
        1. Integrated
        2. Standalone
      3. Hardware
        1. Monitors
        2. Medical Peripheral Devices
          1. Blood Pressure Monitors
          2. Blood Glucose Meters
          3. Weight Scales
          4. Pulse Oximeters
          5. Peak Flow Meters
          6. ECG Monitors
          7. Others
      4. Y-o-Y Growth Analysis, By Component
      5. Market Attractiveness Analysis, By Component
      6. Market Share Analysis, By Component
    2. By Delivery
      1. Web -based
      2. Cloud-Based
      3. On-premise
      4. Y-o-Y Growth Analysis, By Delivery
      5. Market Attractiveness Analysis, By Delivery
      6. Market Share Analysis, By Delivery
    3. By End-User
      1. Providers
      2. Patients
      3. Payers
      4. Other End Users
      5. Y-o-Y Growth Analysis, By End-User
      6. Market Attractiveness Analysis, By End-User
      7. Market Share Analysis, By End-Use
  6. Geographical Analysis
    1. Introduction    
      1. Regional Trends   
      2. Impact Analysis    
      3. Y-o-Y Growth Analysis        
        1. By Geographical Area
        2. By Component
        3. By Delivery
        4. By End-User
      4. Market Attractiveness Analysis      
        1. By Geographical Area
        2. By Component
        3. By Delivery
        4. By End-User
      5.      Market Share Analysis   
        1. By Geographical Area
        2. By Component
        3. By Delivery
        4. By End-User
    2. United States
  7. Strategic Analysis
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. Threat of New Entrants
      4. Threat of Substitute Components and Services
      5. Competitive Rivalry within the Industry
  8. Market Leaders' Analysis
    1. American Well
      1. Overview
      2. Component Analysis
      3. Strategic Evaluation and Operations
      4. Financial analysis
      5. Legal issues
      6. Recent Developments
      7. SWOT analysis
      8. Analyst View
    2. GlobalMed
    3. Teladoc Health, Inc.
    4. Dictum Health, Inc., LLC
    5. InTouch Technologies, Inc.
    6. Doctor on Demand, Inc.
    7. MDLIVE Inc.
    8. Encounter Telehealth
    9. HelloMD
    10. SnapMD, Inc.
  9. Competitive Landscape
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations and Joint Ventures
    4. New Component Launches
  10. Market Outlook and Investment Opportunities
  11. Appendix
    1. List of Tables
    2. List of Figures  
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

United States telehealth market 

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