PUBLISHER: Polaris Market Research | PRODUCT CODE: 1586379
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1586379
US Telemedicine Market Size, Share, Trends, Industry Analysis Report: By Component, Application, Mode of Delivery (Mobile Health Apps, Virtual, Telehealth Portals & Kiosks, and Others), and End Users - Market Forecast, 2024-2032
The US telemedicine market size is expected to reach USD 131.49 billion by 2032, according to a new study by Polaris Market Research. The report "US Telemedicine Market Size, Share, Trends, Industry Analysis Report: By Component, Application, Mode of Delivery (Mobile Health Apps, Virtual, Telehealth Portals & kiosks, and Others), and End Users - Market Forecast, 2024-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The US telemedicine market is experiencing rapid growth, driven by the increasing demand for remote healthcare solutions. According to the National Center for Health Statistics, in 2021, 37% of US adults utilized telemedicine services, with 41% being women and 31% men, indicating a particular popularity among female patients. The convenience and accessibility of telehealth, along with the need for healthcare options that accommodate busy lifestyles and overcome geographical barriers, are key factors propelling this trend. The market is expected to continue expanding, supported by technological advancements and greater acceptance of virtual care models as more individuals seek flexible healthcare solutions. This shift reflects a broader movement towards more inclusive and accessible healthcare services.
The telemedicine market in the US is mainly driven by the increasing prevalence of chronic diseases across all age groups in the country. For instance, according to the Center for Disease Control, as of February 2024, an estimated 129 million people in the United States, nearly half of the population, are living with at least one major chronic condition such as heart disease, cancer, diabetes, obesity, or hypertension. This high incidence of chronic diseases creates a significant demand for continuous and accessible healthcare management, which telemedicine effectively provides. Remote healthcare solutions offer patients with chronic conditions the convenience of regular monitoring and consultations without the need for frequent in-person visits. This approach not only enhances patient engagement and adherence to treatment plans but also helps in managing healthcare costs and improving overall outcomes. Consequently, the rise in chronic disease prevalence is driving the expansion of telemedicine as an essential component of modern healthcare.
Teleconsultation is a major application of telemedicine, transforming how patients access healthcare services. It enables individuals to consult with healthcare professionals remotely through video calls or messaging, eliminating the need for physical visits. This approach not only offers convenience but also improves access to medical expertise, especially for those in remote or underserved areas. By facilitating real-time interactions between patients and providers, teleconsultation improves healthcare delivery, making it more accessible and efficient in today's digital age.
US Telemedicine Market Report Highlights
By mode of delivery insights, the mobile health app segment is anticipated to experience substantial growth in the US market. This growth is attributed to their ability to facilitate remote consultations, health management, and real-time monitoring through user-friendly interfaces and seamless integration with digital health tools.
By end users analysis, the providers segment accounted for the largest revenue share of the market in 2023 due to the increasing acceptance of telehealth and telemedicine among large hospitals and individual physicians.
The telemedicine market in the US is projected for substantial growth due to increasing demand for remote healthcare solutions, the growing prevalence of chronic disorders, and aging population.
The key market players are Allscripts; AMD Global Telemedicine; BioTelemetry; Cerner; Cisco Systems; Honeywell International; InTouch Technologies; McKesson Corporation; OBS Medical; GE Healthcare; Iron Bow Technologies; American Well Corporation; Teladoc Health; Medvivo Group; AMC Health; Medtronic; Siemens Healthcare; and Asahi Kasei.
Polaris Market Research has segmented the US telemedicine market report based on component, application, mode of delivery, and end users:
By Component Outlook (USD Billion, 2019-2032)
- Hardware
- Telemedicine Carts
- Kiosks
- Digital Cameras
- Telemedicine Kits
- Mobile Medical Devices
- Other Devices
- Softwares & Services
- Remote Patient Monitoring Software & Services
- Real-Time Interaction Software & Services
- Store-And-Forward Software & Services
- Remote Order Entry Service
- Others
- By Application Outlook
- Teleradiology
- Telepsychiatry
- Telestroke
- Tele-ICU
- Teledermatology
- Teleconsultation
- Other Applications
- By Mode of Delivery Outlook
- Mobile Health Apps
- Virtual
- Telehealth Portals & Kiosks
- Others
- By End Users Outlook
- Providers
- Payers
- Patients
Table of Contents
Chapter 1. Introduction
- 1.1 Report Description
- 1.1.1 Objectives of the Study
- 1.1.2 Market Scope
- 1.1.3 Assumptions
- 1.2 Stakeholders
Chapter 2. Executive Summary
- 2.1 Market Highlights
Chapter 3. Research Methodology
- 3.1 Overview
- 3.1.1 Data Mining
- 3.2 Data Sources
- 3.2.1 Primary Sources
- 3.2.2 Secondary Sources
Chapter 4. U.S. Telemedicine Market Insights
- 4.1 U.S. Telemedicine - Industry snapshot
- 4.2 U.S. Telemedicine Market Dynamics
- 4.2.1 Drivers and Opportunities
- 4.2.1.1 Reduction in the overall cost of care
- 4.2.1.2 Favorable Regulatory Scenario
- 4.2.1.3 Improval in the overall patient engagement
- 4.2.1.4 Service consolidation leading to increase in accessibility
- 4.2.1.5 Scaling and Optimization of Telehealth program
- 4.2.2 Restraints and Challenges
- 4.2.2.1 Barriers to widespread telehealth adoption in the U.S.
- 4.2.1 Drivers and Opportunities
- 4.3 Porter's Five Forces Analysis
- 4.3.1 Bargaining Power of Suppliers (Moderate)
- 4.3.2 Threats of New Entrants: (High)
- 4.3.3 Bargaining Power of Buyers (Moderate)
- 4.3.4 Threat of Substitute (Moderate)
- 4.3.5 Rivalry among existing firms (High)
- 4.4 PEST Analysis
- 4.5 U.S. Telemedicine Market Industry trends
- 4.6 . COVID-19 Impact Analysis
- 4.6.1 . Current Scenario and Future Prospects
Chapter 5. U.S. Telemedicine Market Assessment by Component
- 5.1 Introduction
- 5.2 Hardware
- 5.3 Hardware Component Sub Segments
- 5.3.1 Telemedicine Carts
- 5.3.2 Kiosks
- 5.3.3 Digital Cameras
- 5.3.4 Telemedicine Kits
- 5.3.5 Mobile Medical Devices
- 5.3.6 Other Hardware Component
- 5.4 Software & Services
- 5.5 Software & Services Component Sub Segments
- 5.5.1 Remote Patient Monitoring Software & Services
- 5.5.2 Real-Time Interaction Software & Services
- 5.5.3 Store-And-Forward Software & Services
- 5.5.4 Remote Order Entry Service
- 5.5.5 Other Software & Services
Chapter 6. U.S. Telemedicine Market Assessment by Application
- 6.1 Introduction
- 6.2 Teleradiology
- 6.3 Telepsychiatry
- 6.4 Telestroke
- 6.5 Tele-ICU
- 6.6 Teledermatology
- 6.7 Teleconsultation
- 6.8 Other Applications
Chapter 7. U.S. Telemedicine Market Assessment by Mode of Delivery
- 7.1 Introduction
- 7.2 Mobile Health Apps
- 7.3 Virtual
- 7.4 Telehealth Portals & kiosks
- 7.5 Other Modes of Delivery
Chapter 8. U.S. Telemedicine Market Assessment by End-User
- 8.1 Introduction
- 8.2 Providers
- 8.3 Payers
- 8.4 Patients
Chapter 9. Competitive Landscape
- 9.1 Product Launch and Acquisition Are the Best Adopted Strategy by the Companies
- 9.2 Product Launch
- 9.3 Partnerships/Collaborations/Agreements/Exhibitions
Chapter 10. Company Profiles
- 10.1 Allscripts Healthcare Solutions
- 10.1.1 Business Overview
- 10.1.2 Financial Snapshot
- 10.1.3 Products and Services
- 10.1.4 Recent Developments
- 10.2 AMD Global Telemedicine
- 10.2.1 Business Overview
- 10.2.2 Products and Services
- 10.2.3 Recent Developments
- 10.3 BioTelemetry
- 10.3.1 Business Overview
- 10.3.2 Financial Snapshot
- 10.3.3 Products and Services
- 10.3.4 Recent Developments
- 10.4 Cerner Corporation
- 10.4.1 Business Overview
- 10.4.2 Financial Snapshot
- 10.4.3 Products and Services
- 10.4.4 Recent Developments
- 10.5 Cisco Systems
- 10.5.1 Business Overview
- 10.5.2 Financial Snapshot
- 10.5.3 Products and Services
- 10.5.4 Recent Developments
- 10.6 Honeywell International Inc
- 10.6.1 Business Overview
- 10.6.2 Financial Snapshot
- 10.6.3 Products and Services
- 10.6.4 Recent Developments
- 10.7 InTouch Technologies
- 10.7.1 Business Overview
- 10.7.2 Financial Snapshot
- 10.7.3 Products and Services
- 10.7.4 Recent Developments
- 10.8 McKesson Corporation
- 10.8.1 Business Overview
- 10.8.2 Financial Snapshot
- 10.8.3 Products and Services
- 10.9 OBS Medical
- 10.9.1 Business Overview
- 10.9.2 Financial Snapshot
- 10.9.3 Products and Services
- 10.9.4 Recent Developments
- 10.10 GE Healthcare
- 10.10.1 Business Overview
- 10.10.2 Financial Snapshot
- 10.10.3 Products and Services
- 10.10.4 Recent Developments
- 10.11 Iron Bow Technologies
- 10.11.1 Business Overview
- 10.11.2 Financial Snapshot
- 10.11.3 Products and Services
- 10.11.4 Recent Developments
- 10.12 American Well Corporation
- 10.12.1 Business Overview
- 10.12.2 Financial Snapshot
- 10.12.3 Products and Services
- 10.12.4 Recent Developments
- 10.13 Teladoc Health
- 10.13.1 Business Overview
- 10.13.2 Financial Snapshot
- 10.13.3 Products and Services
- 10.13.4 Recent Developments
- 10.14 Medvivo Group
- 10.14.1 Business Overview
- 10.14.2 Financial Snapshot
- 10.14.3 Products and Services
- 10.14.4 Recent Developments
- 10.15 AMC Health
- 10.15.1 Business Overview
- 10.15.2 Financial Snapshot
- 10.15.3 Products and Services
- 10.15.4 Recent Developments
- 10.16 Medtronic PLC
- 10.16.1 Business Overview
- 10.16.2 Financial Snapshot
- 10.16.3 Products and Services
- 10.16.4 Recent Developments
- 10.17 Siemens Healthcare
- 10.17.1 Business Overview
- 10.17.2 Financial Snapshot
- 10.17.3 Products and Services
- 10.17.4 Recent Developments
- 10.18 Asahi Kasei
- 10.18.1 Company Overview
- 10.18.2 Financial Performance
- 10.18.3 Product Benchmarking
- 10.19 Koninklijke DSM N.V.
- 10.19.1 Business Overview
- 10.19.2 Financial Snapshot
- 10.19.3 Products and Services
List of Tables
- Table 1 U.S. Telemedicine Market, by Hardware Component, 2019-2032 (USD Billion)
- Table 2 U.S. Telemedicine Market, by Telemedicine Carts, 2019-2032 (USD Billion)
- Table 3 U.S. Telemedicine Market, by Kiosks, 2019-2032 (USD Billion)
- Table 4 U.S. Telemedicine Market, by Digital Cameras, 2019-2032 (USD Billion)
- Table 5 U.S. Telemedicine Market, by Telemedicine Kits, 2019-2032 (USD Billion)
- Table 6 U.S. Telemedicine Market, by Mobile Medical Devices, 2019-2032 (USD Billion)
- Table 7 U.S. Telemedicine Market, by Other Hardware Component, 2019-2032 (USD Billion)
- Table 8 U.S. Telemedicine Market, by Software & Services Component, 2019-2032 (USD Billion)
- Table 9 U.S. Telemedicine Market, by Remote Patient Monitoring Software & Services, 2019-2032 (USD Billion)
- Table 10 U.S. Telemedicine Market, by Real-Time Interaction Software & Services, 2019-2032 (USD Billion)
- Table 11 U.S. Telemedicine Market, by Store-And-Forward Software & Services, 2019-2032 (USD Billion)
- Table 12 U.S. Telemedicine Market, by Remote Order Entry Service, 2019-2032 (USD Billion)
- Table 13 U.S. Telemedicine Market, by Other Software & Services, 2019-2032 (USD Billion)
- Table 14 U.S. Telemedicine Market, by Teleradiology, 2019-2032 (USD Billion)
- Table 15 U.S. Telemedicine Market, by Telepsychiatry, 2019-2032 (USD Billion)
- Table 16 U.S. Telemedicine Market, by Telestroke, 2019-2032 (USD Billion)
- Table 17 U.S. Telemedicine Market, by Tele-ICU, 2019-2032 (USD Billion)
- Table 18 U.S. Telemedicine Market, by Teledermatology, 2019-2032 (USD Billion)
- Table 19 U.S. Telemedicine Market, by Teleconsultation, 2019-2032 (USD Billion)
- Table 20 U.S. Telemedicine Market, by Other Application, 2019-2032 (USD Billion)
- Table 21 U.S. Telemedicine Market, by Mobile Health Apps, 2019-2032 (USD Billion)
- Table 22 U.S. Telemedicine Market, by Virtual, 2019-2032 (USD Billion)
- Table 23 U.S. Telemedicine Market, by Telehealth Portals & kiosks, 2019-2032 (USD Billion)
- Table 24 U.S. Telemedicine Market, by Other Modes of Delivery, 2019-2032 (USD Billion)
- Table 25 U.S. Telemedicine Market, by Providers, 2019-2032 (USD Billion)
- Table 26 U.S. Telemedicine Market, by Payers, 2019-2032 (USD Billion)
- Table 27 U.S. Telemedicine Market, by Patients, 2019-2032 (USD Billion)
List of Figures
- Figure 1. Market Highlights (2019, Revenue)
- Figure 2. Integrated Ecosystem
- Figure 3. Research Methodology: Top Down & Bottom Up Approach
- Figure 4. Industry Snapshot
- Figure 5. Porter's Five Forces
- Figure 6. U.S. Telemedicine Market, By Type, 2023 & 2032 (USD Billion)
- Figure 7. U.S. Telemedicine Market, By Application, 2023 & 2032 (USD Billion)
- Figure 8. U.S. Telemedicine Market, By Mode of Delivery, 2023 & 2032 (USD Billion)
- Figure 9. U.S. Telemedicine Market, By End User, 2023 & 2032 (USD Billion)
- Figure 10. Strategic Analysis - U.S. Telehealth
