According to TechSci Research report, “United
States Telehealth Market –Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2019-2029F”, the United States Telehealth
Market stood at USD 21.11 Billion in 2023 and is anticipated to project steady
growth in the forecast period with a CAGR of 8.95% through 2029. The expansion
of telehealth services beyond primary care represents a transformative shift
within the U.S. healthcare landscape, significantly driving the growth of the
telehealth market. Increasingly, various medical specialties are recognizing
the value of telehealth in delivering patient care, which has led to a broader
adoption of these services across disciplines such as mental health,
dermatology, cardiology, and oncology. This diversification not only enhances
patient access to specialized care but also presents new opportunities for
telehealth providers.
One of the most notable areas of growth is in mental
health services. The COVID-19 pandemic catalyzed a surge in telehealth adoption
for mental health, allowing individuals to access therapy and counseling
services from their homes. This shift has proven particularly beneficial for
patients who may face barriers to in-person visits, such as those living in
remote areas or individuals with mobility issues. By utilizing telehealth
platforms, mental health professionals can conduct evaluations, provide ongoing
therapy, and offer support in a flexible manner that meets patients’ needs.
This increased access has helped to destigmatize mental health care and has
encouraged more individuals to seek the help they need. Dermatology is another
specialty that has successfully integrated telehealth into its practice.
Dermatologists can conduct initial consultations via video calls, allowing them
to evaluate skin conditions and determine whether in-person visits are necessary.
This approach not only saves time for both patients and providers but also
allows for quicker diagnosis and treatment plans. With the ability to share
images and conduct virtual assessments, dermatology has effectively adapted to
telehealth, enhancing patient satisfaction and engagement. Cardiology has also embraced telehealth, particularly
for routine follow-ups and monitoring of chronic conditions. Remote monitoring
tools allow cardiologists to track patients' vital signs, medication adherence,
and overall health status in real-time. This capability is especially valuable
for managing patients with heart disease, where timely interventions can
significantly impact health outcomes.
As the U.S. population continues to age and the prevalence of chronic conditions rises, the demand for effective chronic disease management solutions is expected to grow. Telehealth is uniquely positioned to meet this demand, offering a scalable and flexible approach that accommodates the needs of both patients and healthcare providers. The integration of telehealth into chronic disease management strategies will likely drive further expansion of the telehealth market, as more healthcare organizations recognize its potential to improve patient care, enhance access to services, and ultimately reduce the burden of chronic diseases on the healthcare system. As these trends continue to evolve, telehealth will play an increasingly vital role in shaping the future of chronic disease management and preventive care in the United States.
The United States Telehealth Market is segmented into product
type, delivery
mode, end use, regional distribution, and company.
Based on end users, Providers
segment is currently dominating the end-use category. This trend is primarily
driven by the increasing adoption of telehealth services among healthcare
providers, who recognize the benefits of integrating virtual care into their
practices. One of the key reasons for the dominance of providers in the
telehealth market is the necessity for healthcare professionals to maintain
patient care continuity, particularly in the wake of the COVID-19 pandemic.
With the need for social distancing and the closure of many in-person services,
healthcare providers quickly turned to telehealth as a viable solution for
continuing patient consultations and treatment. This shift not only allowed
providers to adhere to public health guidelines but also ensured that patients
received timely medical attention, preventing potential health deteriorations.
The urgency to adapt to new patient care models has solidified the role of
providers as the primary users of telehealth services. Telehealth offers providers a means to
enhance operational efficiency and manage patient loads effectively. By
incorporating telehealth into their practice, providers can reduce appointment
no-shows, streamline workflows, and optimize the use of their time. Virtual
consultations allow healthcare professionals to see more patients in a shorter
period, increasing overall productivity. This efficiency is particularly
beneficial for primary care physicians and specialists, who can manage follow-up
appointments or routine check-ins remotely, freeing up in-office time for
patients requiring more complex care.
Based on region, the Northeast region is the second
most dominating area in the United States Telehealth Market. This dominance is
primarily attributed to several key factors that facilitate the growth and
utilization of telehealth services. The Northeast is home to a concentration of
prestigious healthcare institutions and academic medical centers, which are
often at the forefront of adopting innovative healthcare solutions, including
telehealth. These institutions have been instrumental in developing and implementing
telehealth programs, driving research and best practices that can be adopted by
other providers. The region has a relatively high population density, which
creates a substantial demand for healthcare services. With a significant number
of patients seeking care, telehealth offers a viable solution to alleviate the
pressure on healthcare facilities, ensuring timely access to care while
managing patient loads effectively. The Northeast has witnessed a
growing acceptance of telehealth among both providers and patients,
particularly during the COVID-19 pandemic. Increased familiarity with virtual
consultations has resulted in sustained usage post-pandemic, leading to a more
integrated approach to healthcare delivery. Supportive state-level regulations
and reimbursement policies in many Northeastern states have encouraged
healthcare providers to adopt telehealth services. By offering financial
incentives and streamlined regulations, the region has fostered an environment
conducive to the growth of telehealth.
Major companies operating in the United States
Telehealth Market are:
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“The future of the United States Telehealth Market is
poised for significant growth and transformation. As technology continues to
advance, telehealth services will become increasingly sophisticated,
incorporating artificial intelligence, machine learning, and data analytics to
enhance patient care and streamline operations. The integration of wearable
devices and remote monitoring tools will facilitate proactive health
management, enabling providers to track patient health in real-time and
intervene as necessary. Regulatory frameworks are also expected to evolve,
leading to more standardized reimbursement policies that support a broader
range of telehealth services. As public awareness and acceptance of telehealth
rise, especially among older adults and rural populations, demand for virtual
consultations will continue to grow. The shift toward value-based
care will further incentivize healthcare providers to adopt telehealth
solutions, focusing on improving patient outcomes and enhancing the overall
patient experience. This evolving landscape will solidify telehealth's role as
a cornerstone of modern healthcare delivery in the United States”, said Mr.
Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“United States Telehealth Market By Product
Type (Hardware, Software, Services), By Delivery Mode (Web-based, Cloud-based,
On-premises), By End-use (Providers, Payers, Patients), By Region, Competition,
Forecast and Opportunities, 2019-2029F”, has evaluated the future growth potential of United
States Telehealth 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
Telehealth Market.
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