U.S. Telemedicine Market Share: Industry Growth Factors, Applications, Key Players and Forecasts by 2025
Oct 11, 2019
The newly released research at Market Study Report Added titled “2019-2025 U.S. Telemedicine Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.
Delaware, Selbyville - October 11, 2019 /MarketersMedia/ —
U.S. Telemedicine Market is expected to exceed USD 64.0 billion by 2025. Technological advancements related to mobile phones and internet penetration coupled with increasing demand for cost-saving in healthcare delivery are the major factors driving the U.S. telemedicine market.
Request a sample of this premium Research Report at: https://www.marketstudyreport.com/request-a-sample/2270774/
Web/mobile based telemedicine segment held significant revenue share of USD 11.8 billion in 2018. Advantages associated with web/mobile based telemedicine platforms such as easy integration and user-friendly customization will ensure high adoption rate in the future. Web-based service models can be easily integrated with internal network for sharing patient?s health information, that is of prime importance in telemedicine. Such standardized communication platform guarantees advantages such as usability and accessibility to both providers and customers, thus augmenting the industry growth.
Increasing prevalence of chronic diseases is one of the pivotal factors that has created the need to adopt telemedicine services and provide greater home supervision. Growing number of patients suffering from chronic diseases such as cancer, diabetes and cardiovascular disease will drive the demand for telemedicine services. Rising adoption of unhealthy lifestyle and habits such as alcohol consumption and tobacco smoking is one of the major reasons for high prevalence of chronic conditions in the U.S. As per 2017 CDC data, nearly 14 out of every 100 people in the U.S. aged more than 18 years smoked cigarettes. Hence, the aforementioned factors will significantly foster the U.S. telemedicine market growth.
Telehospital segment accounted for USD 12.7 billion in 2018. High growth is attributable to increasing government grants and funding for telehospital medicine, growing need for efficient healthcare quality services at low cost and rising number of smart phone users. Various government initiatives will further lead to segmental growth. For instance, the U.S. Department of Health and Human Services (DHHS) authorized USD 25.9 billion under the HITECH act to expand and promote adoption of healthcare IT in the U.S., thereby positively impacting the industry growth.
Neurology segment is expected to witness significant growth of 19.3% during the projected timeframe. High growth rate is attributed to convenient and easy follow-up of patients suffering from neurological disorders. High pervasiveness of neurological disorders coupled with increasing need for efficient management of neurological disorders will boost application of telemedicine services in neurology.
Technological advancements associated with telemedicine devices is another major growth fostering factor. Mobile phones combined with wearable devices or attachable scanners are becoming one of the most important tools for self-diagnosis. Smartphones can now easily diagnose mental conditions such as Alzheimer’s and respiratory diseases with simple tests. An enhanced lens attached to a smartphone’s camera has the capability to diagnose skin and oral conditions. Similarly, scanners attached to smartphones can diagnose blood samples for malaria, chronic condition, thyroid problems, and others.
Request a discount on standard prices of this premium report at: https://www.marketstudyreport.com/check-for-discount/2270774/
The U.S. telemedicine market is fragmented in nature, with large corporations, local small players as well as start-ups joining the industry competition. The key industry participants hold maximum market share owing to strong financial revenue, brand recognition and premium after sales service. The major players include McKesson Corporation, Cisco Systems, Honeywell International, Philips and Cerner Corporation. Other business participants include Allscripts Healthcare Solutions, AMD U.S., BioTelemetry, InTouch Technologies, American Well, Specialist Telemed, SOC Telemed, InSight, Eagle Telemedicine and Blue-Sky Telehealth. These companies implement various strategies in order to stay ahead in the competitive market. Major strategies adopted by the players in the market include new product launch, expansion strategy, acquisition strategy, among others. For instance, in December 2017, Philips acquired VitalHealth. The acquisition helped Philips in strengthening its remote patient monitoring platform by catering to chronic disease populations, congestive heart failure, Alzheimer’s disease, etc.
Table of Content:
Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. U.S. Telemedicine Industry Insights
Chapter 4. U.S. Telemedicine Market, By Service
Chapter 5. U.S. Telemedicine Market, By Type
Chapter 6. U.S. Telemedicine Market, By Specialty
Chapter 7. U.S. Telemedicine Market, By Component
Chapter 8. U.S. Telemedicine Market, By Delivery Mode
Chapter 9. Company Profiles
Complete Report At: https://www.marketstudyreport.com/reports/u-s-telemedicine-market
Related Report:
Global Veterinary Telemedicine Market 2019 by Company, Regions, Type and Application, Forecast to 2024
This report studies the Veterinary Telemedicine market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market and splits the Veterinary Telemedicine market by product type and applications/end industries.
Related Report: https://www.marketwatch.com/press-release/hepatitis-a-vaccine-market-is-determined-to-cross-a-value-of-770-million-by-2024-2019-10-01
About Us:
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Market Study Report LLC
Address: 4 North Main Street, Selbyville, Delaware 19975 USA
Phone: 1-302-273-0910
Website: https://www.marketstudyreport.com
Source: MarketersMedia
Release ID: 88927373
More News
IDEA flags decline in judicial independence, free parties in India
India is currently chairing the International Institute for Democracy and Electoral Assistance, which highlights concerns about its democratic integrity. Recent reports indicate declines in judicial independence and the freedom of political parties in India. Investigations into opposition leaders ahead of the 2024 elections are raising significant concerns about political freedoms.
Rahul Gandhi Launches 'Satyagraha' Platform to Showcase Stir
Rahul Gandhi introduced the 'Satyagraha' digital platform to consolidate information on various protests happening across India, including issues related to land, women's rights, and education. In a video message, he expressed solidarity with activists, encouraging them to share their struggles and emphasizing the importance of collective action against injustice.
5 Panels get new chiefs; TMC loses 2 posts
Recent changes in chairpersonships of five parliamentary standing committees reflect a significant reshuffle. The Trinamool Congress lost leadership in two key panels as BJP members were appointed. Notably, Sudhanshu Trivedi replaced Dola Sen as chair of the Commerce Committee. Several opposition leaders retained their posts, including Shashi Tharoor, who heads the External Affairs Committee. The DMK maintained its chairmanships for two crucial committees in this reshuffle.
There could be a pretty big global shock, says Nobel laureate & economist Michael Spence
Michael Spence highlights the economic growth of India and China, noting India's potential growth trajectory. He emphasizes India's advancements in digital infrastructure, particularly in digital financial services like UPI. Spence discusses the significance of AI in economic development and its anticipated impact over the next decade. He warns of potential economic shocks due to rising debt levels and high market valuations.
There could be a pretty big global shock, says Nobel laureate & economist Michael Spence
Michael Spence highlights the economic growth of India and China, noting India's potential growth trajectory. He emphasizes India's advancements in digital infrastructure, particularly in digital financial services like UPI. Spence discusses the significance of AI in economic development and its anticipated impact over the next decade. He warns of potential economic shocks due to rising debt levels and high market valuations.
Narco kingpin Navpreet Singh deported from Turkiye: Shah
Union Home Minister Amit Shah announced the deportation of narco kingpin Navpreet Singh from Turkiye. Singh obtained Turkish citizenship under an assumed name while continuing his drug trafficking activities. Since 2019, India has repatriated a total of 288 fugitives to enhance national security. The Modi government emphasizes a comprehensive strategy combining global outreach and smart diplomacy.
Narco kingpin Navpreet Singh deported from Turkiye: Shah
Union Home Minister Amit Shah announced the deportation of narco kingpin Navpreet Singh from Turkiye. Singh obtained Turkish citizenship under an assumed name while continuing his drug trafficking activities. Since 2019, India has repatriated a total of 288 fugitives to enhance national security. The Modi government emphasizes a comprehensive strategy combining global outreach and smart diplomacy.
FIR against CJP organisers in Mumbai, 150 detained in Delhi
Mumbai police registered an FIR against the Cockroach Janta Party for their protest at Shivaji Park. The protest demanded the resignation of Chief Election Commissioner Gyanesh Kumar over electoral roll irregularities. In Delhi, protesters continued to march towards Jantar Mantar for the same cause, despite police restrictions.
In 2005, Yahoo invested $1 billion in Alibaba. 10 years later, its stake was worth more than $30 billion after the Chinese giant went public
Yahoo’s Alibaba investment changed the company’s financial story. In 2005, Yahoo paid $1 billion for a 40% stake in the Chinese e-commerce company. Ten years later, that holding was worth about $30 billion. Yahoo then dropped its plan to spin off the Alibaba stake after U.S. tax authorities refused to confirm tax-free treatment.
India needs competitive capabilities, import diversification: PK Mishra
P K Mishra emphasized India's approach to economic resilience during the Kautilya Economic Conclave. He noted the importance of maintaining substantial stocks and diversifying procurement strategies. Mishra highlighted the growth in the number of countries from which India imports crude oil significantly.
India needs competitive capabilities, import diversification: PK Mishra
P K Mishra emphasized India's approach to economic resilience during the Kautilya Economic Conclave. He noted the importance of maintaining substantial stocks and diversifying procurement strategies. Mishra highlighted the growth in the number of countries from which India imports crude oil significantly.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.