United States Virtual Visits Market to Grow with a CAGR of 11.22% through 2029

The shift towards teleconsultations, and favorable coverage and reimbursement policies are expected to drive the United States Virtual Visits Market growth in the forecast period, 2025-2029.

According to TechSci Research report, “United States Virtual Visits Market – By Region, Competition, Forecast and Opportunities, 2029F”, the United States Virtual Visits Market stood at USD 11.95 billion in 2023 and is anticipated to grow with a CAGR of 11.22% through 2029.This surge can be attributed to the impact of COVID-19. The pandemic has acted as a significant driver for the proliferation of virtual visits in the United States. With the enforcement of social distancing measures and lockdowns aimed at containing the virus's spread, traditional in-person healthcare consultations became fraught with risks. Healthcare providers swiftly pivoted to virtual platforms to maintain uninterrupted patient care. This rapid transition has had a lasting effect, with many patients now expressing a preference for virtual visits even as pandemic restrictions ease.

The lessons gleaned from the COVID-19 crisis have underscored the pivotal role of telehealth in disaster response and readiness. Healthcare systems are increasingly integrating virtual visits as a fundamental element of their emergency preparedness strategies, ensuring seamless healthcare delivery during times of crisis.

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According to a report issued by the Centers for Disease Control and Prevention (CDC), telehealth encounters saw a significant surge in week 13 of 2020, marking a notable 154% increase compared to the same period in 2019. Government initiatives have played a pivotal role in driving the growth of the virtual visits market, which is anticipated to continue expanding throughout the forecast period. The pandemic fundamentally altered patient behavior in seeking medical consultations, resulting in a substantial rise in teleconsultations as the preferred mode of interaction with healthcare providers, thereby underpinning considerable growth in the virtual visits market.

The telehealth landscape has been rapidly evolving, with the emergence of applications and devices that facilitate virtual connectivity between patients and caregivers. This shift in consumer behavior, catalyzed by the pandemic, not only created extensive market opportunities for technological innovations centered around various health monitoring applications and devices but also enhanced healthcare accessibility in remote areas with limited functional hospitals or care centers. The virtual visits market has become instrumental in providing safe and convenient healthcare access in both rural and urban settings, addressing conditions such as migraines, birth control, diabetes, hypertension, and various other health concerns.

Ensuring access to high-quality, affordable healthcare is a fundamental human right, irrespective of a patient's geographical location, economic standing, or ethnic background. The American Medical Association foresees telehealth playing a pivotal role in mitigating long-standing health disparities among historically marginalized racial and ethnic groups, which have been disproportionately affected by the COVID-19 pandemic. The American Medical Association advocates for physicians to evaluate their practices to ensure equitable nursing care. With an increased awareness of the social determinants of health, physicians are increasingly prioritizing health equity and addressing the socioeconomic needs of their patients.

There has been a notable surge in demand for personalized healthcare services over recent years, particularly in underserved regions with limited access to hospitals and healthcare facilities. These areas have often lacked specialized and individualized care, leaving many individuals without adequate medical attention. The introduction of teleconsultation services has effectively bridged this gap, offering a novel approach to remote healthcare consultations that has not only resolved the issue but has also gained growing acceptance among certified healthcare professionals. Initially propelled by the urgent circumstances of the pandemic, teleconsultations have now emerged as the preferred method for delivering remote healthcare consultations.

The United States Virtual Visits Market is segmented into service type, commercial plan type, regional distribution, and company.

Based on service type, allergies segment is expected to exhibit the most rapid growth in terms of CAGR during the forecast period. Allergies, a common health concern impacting a substantial portion of the U.S. populace, can vary from causing minor discomfort to severe reactions. Virtual visits offer individuals the opportunity to receive medical advice and treatment for allergy-related issues without having to physically visit healthcare facilities. Through various online platforms, smartphone apps, and telecommunication channels, individuals can interact with licensed healthcare professionals during these virtual consultations. Many seeking allergy care have found the heightened accessibility of virtual appointments to be greatly beneficial.

Based on region, the North-East region is poised to experience rapid growth in the United States Virtual Visits Market for several compelling reasons. The North-East region boasts a dense population and a substantial concentration of healthcare providers, making it an optimal area for the expansion of virtual healthcare services. With a well-established healthcare infrastructure and a high level of technological preparedness, the region presents a conducive environment for the uptake of virtual visits. Renowned medical institutions and research centers in the North-East have historically spearheaded innovations in telehealth and virtual care technologies, contributing to its reputation as a leader in healthcare innovation. Given the urban areas' challenges such as heavy traffic and long commutes, virtual visits offer patients a convenient and appealing alternative for accessing medical care. The North-East's proactive stance on healthcare policy and regulations has facilitated the seamless integration of virtual visits into the healthcare landscape, further solidifying its prominence in the market.

Major companies operating in United States Virtual Visits Market are:

• American Well Corporation
• MDLIVE Inc
• Doctor on Demand Inc
• Evisit LLC
• Teladoc Health Inc
• MeMD LLC
• HealthTap Inc
• Vidyo Inc
• PlushCare Inc
• Zipnosis Inc
  
  

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“The Virtual Visits Market in the United States is undergoing significant evolution, driven by emerging trends that promise transformative changes. These include the adoption of hybrid care models, the broadening scope of specialty services, the integration of AI in healthcare, and advancements in data integration. These trends underscore a growing dedication to improving the accessibility, quality, and efficiency of healthcare through virtual platforms. As the healthcare landscape progresses, these trends will be pivotal in sustaining the dynamic and essential role of virtual visits within the American healthcare system”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“United States Virtual Visits Market By Service Type (Cold and Flu Management, Allergies, Urgent Care, Preventive Care, Chronic Care Management, Behavioral Health), By Commercial Plan Type (Small Group, Self-Funded/ASO Group Plans, Medicaid, Medicare), By Region, By Competition Forecast & Opportunities, 2019-2029F”, has evaluated the future growth potential of United States Virtual Visits Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States Virtual Visits Market.

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