U.S. Telemedicine Market Competitive Dynamics & Global Outlook 2025

U.S. telemedicine market size will expand lucratively during the forecast timeframe due to the increasing prevalence of chronic diseases.

Delaware , United States – August 6, 2021 /MarketersMedia/ —

American Well, the most renowned name in U.S. telemedicine market, has set yet another milestone in the healthcare fraternity by forming a telemedicine unison with Cleveland Clinic, an Ohio based firm. This pact has further bolstered the company’s stance in U.S telemedicine market. This bears a testimony to the fact that the escalating adoption of telemedicine services is indeed producing a remarkable impact on the market.

Increasing prevalence of chronic diseases across the U.S. region calls for an urgent deployment of the telemedicine services and a provision of home supervision.

Additionally, the adoption of sedentary lifestyle and unhealthy habits would stimulate the U.S. telemedicine market on a larger scale. In context to this, the statistics rolled out by CDC in 2017 announce that approximately 14 out of every 100 people across U.S. smoked cigarettes thereby contributing a larger business share in the market.

Proliferation of smartphones for the promotion of telemedicine practice is ascending the growth graph of industry during 2019-2025. Also, the ever-increasing consumer cognizance about various mobile health applications is estimated to augment the industry outlook.

An upsurge in the legislative reforms endorsing the access to digital healthcare services would foster the market size over the forecast period. Supporting the fact, the FCC in July 2019 took an initiative to expanding the accessibility of connected healthcare for myriad underserved communities across the region.

Following are the trends that have been claimed to positively influence the U.S. telemedicine market dynamics over 2019-2025:

Growing digital medical consultancy over web or mobile platforms

A paradigm shift towards the acceptance of online media for medical consultancy has on a large scale influenced the business expansion over the recent years. For the record, web or mobile segment for telemedicine market across U.S. held a revenue share of over USD 11.9 billion in 2018. The web-based delivery platform has been claimed to stand out as a standardized mode for granting an access to sophisticated telemedicine applications. It is prudent to mention, that the web based platform is proved to render benefits to the organization with limited access to healthcare in remote areas.

Speaking about the digital consultancy, the tele-consultancy segment is forecast to be valued at USD 28.1 billion by the end of 2025. This growth is ascribed to rising telecommunication infrastructure across the region. The segment offers innumerable consultation aspects right from therapeutic indications to a large spectrum of imaging modalities and much more.

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Patient care enhancement with telehome services

Aiding the patients suffering from chronic ailments, the telehome segment has performed exceptionally well in the past years and is likely to grow at a CAGR of 18.9 per cent through 2025.

These services best suit patients who have been advised to prevent frequent travelling. Also, they establish tremendous opportunities to improve the patient care in tandem with substantially saving on the hospital expenses thereby fueling the product demand.

High demands from neurology sector

Concurrent pervasiveness of neurological disorders on a large scale has felicitated the U.S. telemedicine market trends to foresee a marked ascent in the upcoming years. Reliable reports suggested that these occurrences of the disorders had enabled the neurology sector to procure a market share of 12.8 per cent in 2018. Likewise, burgeoning demands for effective management of the disorders would boost the application spectrum of telemedicine services in the neurology sector over the stipulated timeframe.

High end use of telemedicine services on hardware components

Rising technological advancements in the healthcare realm have prompted the medical services on the hardware components to rise on an exponential rate. Accounting to this, the hardware segment is predicted to exhibit a CAGR of 18.7 per cent through the projected timeline. Also, high penetration of smartphones and tablets would supplement the segmental growth.

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