The objective of the report is to present a comprehensive analysis of the US Telemedicine Market to the stakeholders in the industry.
US Telemedicine Market size was valued at US$ 14.6 Mn. in 2020 and the total revenue is expected to grow at 8.9% through 2021 to 2027, reaching nearly US$ 26.52 Mn.
US Telemedicine Market Overview :
The market overview of the US Telemedicine Market focuses on the specific market characteristics, including elements like industry competition. Comprehensive market revenue predictions are provided for the global, regional, segment, and national levels in the report. The report’s sales projections for each region and industry is one of its primary highlights.
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US Telemedicine Market Report Scope and Research Methodology :
The study methodology used a mix of primary and secondary research techniques to compile market data. The primary research techniques, such as questionnaires, interviews, and market observations, would have given the researchers access to first-hand market data, which is usually beneficial. The researchers might have gathered background knowledge and market data by using secondary research techniques including industry studies, business websites, and news articles.
The study examines the US Telemedicine Market through a market-focused and commercial analysis that takes into account the market’s revenue, financial situation, portfolio, technical advancements, and mergers and acquisitions. This strategy aids in giving a complete picture of the market, which stakeholders, investors, and market participants may use to create investment strategies and marketing strategies.
US Telemedicine Market Regional Insights :
The report offers an in-depth analysis of the factors influencing growth, limitations, future prospects, and competition within the industry across all regions. The market is classified by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report also provides a comprehensive overview of the leading countries in each region, along with their respective market forecasts.
US Telemedicine Market Segmentation:
The Teleconsulting Segment is dominating the US Telemedicine Market:
In 2020, the teleconsulting market is expected to be worth roughly USD 16.2 billion. Even in rural places, the growing acceptance of virtual consultation has enhanced access to healthcare services. In addition, the user adoption rate jumped from 11 % to 38 % in a year. Furthermore, tele-consulting increases patient outreach at a low cost, resulting in cost-effectiveness. Further, 24/7 help assistance is projected to drive the growth of the market in the forecast period. The major factor boosting the growth of the market is patient engagement with remote monitoring.
The Telehospital segment is considered to supplement the growth of the US Telemedicine Market:
In 2020, the telehospital category accounted for more than 64.7 % of the telemedicine market in the United States. The demand for tele-hospital services is growing as the necessity for remote patient monitoring grows. In addition, the growing demand for efficient, high-quality healthcare services at a cheap cost contributes significantly to the industry’s income. Furthermore, increased public awareness of telehospital services such as daytime patient rounds, emergency department consults, night calls or admissions, among others, is expected to boost telemedicine sector demand.
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Key players :
• McKesson Corporation
• Cisco Systems
• Honeywell International
• Philips
• Cerner Corporation
• Teladoc Health.
• Allscripts Healthcare Solutions
• AMD U.S.
• BioTelemetry
• InTouch Technologies
• American Well
• Specialist Telemed
• SOC Telemed
• InSight
• Eagle Telemedicine
• Blue Sky
Key questions answered in the Market are:
- What is US Telemedicine?
- What are the recent industry trends that can be implemented to generate additional revenue streams for US Telemedicine Market?
- Which factors are the lucrative opportunities for the US Telemedicine market growth?
- How is the intervention from regulatory authority is shaping the US Telemedicine Market?
- What growth strategies are the players considering to increase their presence in US Telemedicine Market?
- Who held the largest market share in US Telemedicine Market?
- What is the US Telemedicine market size of the dominating region?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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