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Market Research Report

U.S. Telemedicine Market Size By Service, By Type, By Specialty, By Component, By Delivery Mode, Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025

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U.S. Telemedicine Market Size By Service, By Type, By Specialty, By Component, By Delivery Mode, Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Published: September 20, 2019 Content info: 155 Pages
Description

Title:
U.S. Telemedicine Market Size By Service (Tele-consulting, Tele-monitoring, Tele-education/training), By Type (Telehospital {Integrated Delivery Network, Academic Medical Centers, Large Independent Hospitals, Medium Independent Hospitals, Small Hospitals}, Telehome), By Specialty (Cardiology, Gynecology, Neurology, Orthopedics, Dermatology, Mental Health, Critical Care, Neonatology), By Component (Hardware, Software, Services), By Delivery Mode (Web/Mobile {Telephonic, Visualized}, Call Centers), Industry Analysis Report, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025.

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.

Some major findings of the U.S. telemedicine market report include:

  • Increasing prevalence of chronic diseases is one of the major factors boosting adoption of telemedicine services and offer better home supervision.
  • Rising usage of smartphones in the U.S. is leading to the growth of telemedicine practice.
  • Mobile phones combined with attachable scanners or wearable devices are the most significant tools for self-diagnosis.
  • Various novel apps in smart phones can assist patients in scheduling doctor's visits, and thereby manage their health and save money on treatments, thus boosting market growth.
  • Various healthcare facilities have implemented telemedicine services to enhance their operational capability, thus augmenting business 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.

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.

However, dearth of reimbursement policies coupled with stringent regulatory scenario in the U.S. will limit the industry growth. Furthermore, security and privacy concerns related to telemedicine services is another major growth limiting factor.

Tele-consulting segment is estimated to witness lucrative growth of 18.2% across the forecast timeframe. Tele-consulting provides consultation services for large number of therapeutic indications, wide array of imaging modalities and several different reading methodologies. Tele-consulting enables patients that are residing in remote areas to avail healthcare services without any delays and at much lower cost, thus boosting service demand.

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.

Services segment accounted for largest revenue share of 53.0% in 2018. High growth is attributed to rising demand for telemedicine services across the U.S. Moreover, growing applications of telemedicine in healthcare systems coupled with increasing prevalence of chronic disorders will further augment business growth.

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.

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 Contents
Product Code: 4362

Table of Contents

Chapter 1. Methodology

  • 1.1. Methodology
  • 1.2. Market definition
  • 1.3. Forecast parameters
  • 1.4. Data sources
    • 1.4.1. Secondary
      • 1.4.1.1. Paid sources
      • 1.4.1.2. Unpaid sources
    • 1.4.2. Primary

Chapter 2. Executive Summary

  • 2.1. U.S. telemedicine industry 360 degree synopsis, 2014 - 2025
    • 2.1.1. Business trends
    • 2.1.2. Service trends
    • 2.1.3. Type trends
    • 2.1.4. Specialty trends
    • 2.1.5. Component trends
    • 2.1.6. Delivery mode trends

Chapter 3. U.S. Telemedicine Industry Insights

  • 3.1. Industry segmentation
  • 3.2. Industry landscape, 2014 - 2025
  • 3.3. Industry impact forces
    • 3.3.1. Growth drivers
      • 3.3.1.1. Increasing prevalence of chronic diseases
      • 3.3.1.2. Growing number of smartphone users
      • 3.3.1.3. Technological advancements related to mobile phones and internet
      • 3.3.1.4. Greater need for cost-saving in healthcare delivery
      • 3.3.1.5. Long waiting time in hospitals for disease treatment
      • 3.3.1.6. Favorable government initiatives
    • 3.3.2. Industry pitfalls & challenges
      • 3.3.2.1. Security and privacy concerns
      • 3.3.2.2. Stringent regulatory policies and limited reimbursement in the U.S.
  • 3.4. Growth potential analysis
    • 3.4.1. By service
    • 3.4.2. By type
    • 3.4.3. By specialty
    • 3.4.4. By component
    • 3.4.5. By delivery mode
  • 3.5. Reimbursement scenario in U.S.
  • 3.6. Penetration/adoption in U.S. hospitals
  • 3.7. Telemedicine modalities
  • 3.8. Government initiatives
    • 3.8.1. U.S. Department of Agriculture (USDA) Initiative
    • 3.8.2. Rural Health Care (RHC) Program
    • 3.8.3. U.S. Department of Defense Initiative
  • 3.9. Telemedicine future trends
  • 3.10. Porter's analysis
  • 3.11. Competitive landscape, 2017
    • 3.11.1. Strategy dashboard
  • 3.12. PESTEL analysis

Chapter 4. U.S. Telemedicine Market, By Service

  • 4.1. Key segment trends
  • 4.2. Tele-consulting
    • 4.2.1. Market size, 2014 - 2025 (USD Million)
  • 4.3. Tele-monitoring
    • 4.3.1. Market size, 2014 - 2025 (USD Million)
  • 4.4. Tele-education/training
    • 4.4.1. Market size, 2014 - 2025 (USD Million)
  • 4.5. Others
    • 4.5.1. Market size, 2014 - 2025 (USD Million)

Chapter 5. U.S. Telemedicine Market, By Type

  • 5.1. Key segment trends
  • 5.2. Telehospital
    • 5.2.1. Market size, 2014 - 2025 (USD Million)
    • 5.2.2. Integrated delivery network (IDN)
      • 5.2.2.1. Market size, 2014 - 2025 (USD Million)
    • 5.2.3. Academic medical center (AMC)
      • 5.2.3.1. Market size, 2014 - 2025 (USD Million)
    • 5.2.4. Large independent hospitals
      • 5.2.4.1. Market size, 2014 - 2025 (USD Million)
    • 5.2.5. Medium independent hospitals
      • 5.2.5.1. Market size, 2014 - 2025 (USD Million)
    • 5.2.6. Small hospitals
      • 5.2.6.1. Market size, 2014 - 2025 (USD Million)
    • 5.2.7. Others
      • 5.2.7.1. Market size, 2014 - 2025 (USD Million)
  • 5.3. Telehome
    • 5.3.1. Market size, 2014 - 2025 (USD Million)

Chapter 6. U.S. Telemedicine Market, By Specialty

  • 6.1. Key segment trends
  • 6.2. Cardiology
    • 6.2.1. Market size, 2014 - 2025 (USD Million)
  • 6.3. Gynecology
    • 6.3.1. Market size, 2014 - 2025 (USD Million)
  • 6.4. Neurology
    • 6.4.1. Market size, 2014 - 2025 (USD Million)
  • 6.5. Orthopedics
    • 6.5.1. Market size, 2014 - 2025 (USD Million)
  • 6.6. Dermatology
    • 6.6.1. Market size, 2014 - 2025 (USD Million)
  • 6.7. Metal health
    • 6.7.1. Market size, 2014 - 2025 (USD Million)
  • 6.8. Critical care
    • 6.8.1. Market size, 2014 - 2025 (USD Million)
  • 6.9. Neonatology
    • 6.9.1. Market size, 2014 - 2025 (USD Million)
  • 6.10. Others
    • 6.10.1. Market size, 2014 - 2025 (USD Million)

Chapter 7. U.S. Telemedicine Market, By Component

  • 7.1. Key segment trends
  • 7.2. Hardware
    • 7.2.1. Market size, 2014 - 2025 (USD Million)
  • 7.3. Software
    • 7.3.1. Market size, 2014 - 2025 (USD Million)
  • 7.4. Services
    • 7.4.1. Market size, 2014 - 2025 (USD Million)

Chapter 8. U.S. Telemedicine Market, By Delivery Mode

  • 8.1. Key segment trends
  • 8.2. Web/Mobile
    • 8.2.1. Market size, 2014 - 2025 (USD Million)
    • 8.2.2. Telephonic
      • 8.2.2.1. Market size, 2014 - 2025 (USD Million)
    • 8.2.3. Visualized
      • 8.2.3.1. Market size, 2014 - 2025 (USD Million)
  • 8.3. Call Centers
    • 8.3.1. Market size, 2014 - 2025 (USD Million)

Chapter 9. Company Profiles

  • 9.1. Allscripts Healthcare Solutions Inc
    • 9.1.1. Business overview
    • 9.1.2. Financial data
    • 9.1.3. Type landscape
    • 9.1.4. Strategic outlook
    • 9.1.5. SWOT analysis
  • 9.2. AMD Global Telemedicine, Inc.
    • 9.2.1. Business overview
    • 9.2.2. Financial data
    • 9.2.3. Type landscape
    • 9.2.4. Strategic outlook
    • 9.2.5. SWOT analysis
  • 9.3. American Well
    • 9.3.1. Business overview
    • 9.3.2. Financial data
    • 9.3.3. Type landscape
    • 9.3.4. Strategic outlook
    • 9.3.5. SWOT analysis
  • 9.4. BioTelemetry, Inc.
    • 9.4.1. Business overview
    • 9.4.2. Financial data
    • 9.4.3. Type landscape
    • 9.4.4. Strategic outlook
    • 9.4.5. SWOT analysis
  • 9.5. Blue Sky Telehealth
    • 9.5.1. Business overview
    • 9.5.2. Financial data
    • 9.5.3. Type landscape
    • 9.5.4. Strategic outlook
    • 9.5.5. SWOT analysis
  • 9.6. Cerner Corporation
    • 9.6.1. Business overview
    • 9.6.2. Financial data
    • 9.6.3. Type landscape
    • 9.6.4. Strategic outlook
    • 9.6.5. SWOT analysis
  • 9.7. Cisco
    • 9.7.1. Business overview
    • 9.7.2. Financial data
    • 9.7.3. Type landscape
    • 9.7.4. Strategic outlook
    • 9.7.5. SWOT analysis
  • 9.8. Eagle Telemedicine
    • 9.8.1. Business overview
    • 9.8.2. Financial data
    • 9.8.3. Type landscape
    • 9.8.4. Strategic outlook
    • 9.8.5. SWOT analysis
  • 9.9. Honeywell International Inc.
    • 9.9.1. Business overview
    • 9.9.2. Financial data
    • 9.9.3. Type landscape
    • 9.9.4. Strategic outlook
    • 9.9.5. SWOT analysis
  • 9.10. InSight
    • 9.10.1. Business overview
    • 9.10.2. Financial data
    • 9.10.3. Type landscape
    • 9.10.4. Strategic outlook
    • 9.10.5. SWOT analysis
  • 9.11. InTouch Technologies, Inc.
    • 9.11.1. Business overview
    • 9.11.2. Financial data
    • 9.11.3. Type landscape
    • 9.11.4. Strategic outlook
    • 9.11.5. SWOT analysis
  • 9.12. Koninklijke Philips N.V.
    • 9.12.1. Business overview
    • 9.12.2. Financial data
    • 9.12.3. Type landscape
    • 9.12.4. Strategic outlook
    • 9.12.5. SWOT analysis
  • 9.13. McKesson Corporation
    • 9.13.1. Business overview
    • 9.13.2. Financial data
    • 9.13.3. Type landscape
    • 9.13.4. Strategic outlook
    • 9.13.5. SWOT analysis
  • 9.14. SOC Telemed
    • 9.14.1. Business overview
    • 9.14.2. Financial data
    • 9.14.3. Type landscape
    • 9.14.4. Strategic outlook
    • 9.14.5. SWOT analysis
  • 9.15. Specialist Telemed
    • 9.15.1. Business overview
    • 9.15.2. Financial data
    • 9.15.3. Type landscape
    • 9.15.4. Strategic outlook
    • 9.15.5. SWOT analysis

Data Tables

  • TABLE 1. U.S. telemedicine industry 360 degree synopsis, 2014 - 2025
  • TABLE 2. U.S. telemedicine market size, 2014 - 2018 (USD Million)
  • TABLE 3. U.S. telemedicine market size, 2019 - 2025 (USD Million)
  • TABLE 4. U.S. telemedicine market size, by service, 2014 - 2018 (USD Million)
  • TABLE 5. U.S. telemedicine market size, by service, 2019 - 2025 (USD Million)
  • TABLE 6. U.S. telemedicine market size, by type, 2014 - 2018 (USD Million)
  • TABLE 7. U.S. telemedicine market size, by type, 2019 - 2025 (USD Million)
  • TABLE 8. U.S. telemedicine market size, by specialty, 2014 - 2018 (USD Million)
  • TABLE 9. U.S. telemedicine market size, by specialty, 2019 - 2025 (USD Million)
  • TABLE 10. U.S. telemedicine market size, by component, 2014 - 2018 (USD Million)
  • TABLE 11. U.S. telemedicine market size, by component, 2019 - 2025 (USD Million)
  • TABLE 12. U.S. telemedicine market size, by delivery mode, 2014 - 2018 (USD Million)
  • TABLE 13. U.S. telemedicine market size, by delivery mode, 2019 - 2025 (USD Million)
  • TABLE 14. Industry impact forces
  • TABLE 15. Tele-consulting market size, 2014 - 2018, (USD Million)
  • TABLE 16. Tele-consulting market size, 2019 - 2025, (USD Million)
  • TABLE 17. Tele-monitoring market size, 2014 - 2018, (USD Million)
  • TABLE 18. Tele-monitoring market size, 2019 - 2025, (USD Million)
  • TABLE 19. Tele-education/training market size, 2014 - 2018 (USD Million)
  • TABLE 20. Tele-education/training market size, 2019 - 2025 (USD Million)
  • TABLE 21. Others market size, 2014 - 2018 (USD Million)
  • TABLE 22. Others market size, 2019 - 2025 (USD Million)
  • TABLE 23. Telehospital market size, 2014 - 2018 (USD Million)
  • TABLE 24. Telehospital market size, 2019 - 2025 (USD Million)
  • TABLE 25. Integrated delivery network (IDN) market size, 2014 - 2018 (USD Million)
  • TABLE 26. Integrated delivery network (IDN) market size, 2019 - 2025 (USD Million)
  • TABLE 27. Academic medical center market size, 2014 - 2018 (USD Million)
  • TABLE 28. Academic medical center market size, 2019 - 2025 (USD Million)
  • TABLE 29. Large independent hospitals market size, 2014 - 2018 (USD Million)
  • TABLE 30. Large independent hospitals market size, 2019 - 2025 (USD Million)
  • TABLE 31. Medium independent hospitals market size, 2014 - 2018 (USD Million)
  • TABLE 32. Medium independent hospitals market size, 2019 - 2025 (USD Million)
  • TABLE 33. Small hospitals market size, 2014 - 2018 (USD Million)
  • TABLE 34. Small hospitals market size, 2019 - 2025 (USD Million)
  • TABLE 35. Others market size, 2014 - 2018 (USD Million)
  • TABLE 36. Others market size, 2019 - 2025 (USD Million)
  • TABLE 37. Telehospital market size, by specialty, 2014 - 2018 (USD Million)
  • TABLE 38. Telehospital market size, by specialty, 2019 - 2025 (USD Million)
  • TABLE 39. Telehome market size, 2014 - 2018 (USD Million)
  • TABLE 40. Telehome market size, 2019 - 2025 (USD Million)
  • TABLE 41. Cardiology market size, 2014 - 2018 (USD Million)
  • TABLE 42. Cardiology market size, 2019 - 2025 (USD Million)
  • TABLE 43. Gynecology market size, 2014 - 2018 (USD Million)
  • TABLE 44. Gynecology market size, 2019 - 2025 (USD Million)
  • TABLE 45. Neurology market size, 2014 - 2018 (USD Million)
  • TABLE 46. Neurology market size, 2019 - 2025 (USD Million)
  • TABLE 47. Orthopedics market size, 2014 - 2018 (USD Million)
  • TABLE 48. Orthopedics market size, 2019 - 2025 (USD Million)
  • TABLE 49. Dermatology market size, 2014 - 2018 (USD Million)
  • TABLE 50. Dermatology market size, 2019 - 2025 (USD Million)
  • TABLE 51. Mental health market size, 2014 - 2018 (USD Million)
  • TABLE 52. Mental health market size, 2019 - 2025 (USD Million)
  • TABLE 53. Critical care market size, 2014 - 2018 (USD Million)
  • TABLE 54. Critical care market size, 2019 - 2025 (USD Million)
  • TABLE 55. Neonatology market size, 2014 - 2018 (USD Million)
  • TABLE 56. Neonatology market size, 2019 - 2025 (USD Million)
  • TABLE 57. Others market size, 2014 - 2018 (USD Million)
  • TABLE 58. Others market size, 2019 - 2025 (USD Million)
  • TABLE 59. Hardware market size, 2014 - 2018 (USD Million)
  • TABLE 60. Hardware market size, 2019 - 2025 (USD Million)
  • TABLE 61. Software market size, 2014 - 2018 (USD Million)
  • TABLE 62. Software market size, 2019 - 2025 (USD Million)
  • TABLE 63. Services market size, 2014 - 2018 (USD Million)
  • TABLE 64. Services market size, 2019 - 2025 (USD Million)
  • TABLE 65. Web/mobile market size, 2014 - 2018 (USD Million)
  • TABLE 66. Web/mobile market size, 2019 - 2025 (USD Million)
  • TABLE 67. Telephonic market size, 2014 - 2018 (USD Million)
  • TABLE 68. Telephonic market size, 2019 - 2025 (USD Million)
  • TABLE 69. Visualized market size, 2014 - 2018 (USD Million)
  • TABLE 70. Visualized market size, 2019 - 2025 (USD Million)
  • TABLE 71. Call centers market size, 2014 - 2018 (USD Million)
  • TABLE 72. Call centers market size, 2019 - 2025 (USD Million)

Charts & Figures

  • FIG. 1 Industry segmentation
  • FIG. 2 U.S. telemedicine market size, 2014 - 2025 (USD Billion)
  • FIG. 3 Growth potential analysis, by service
  • FIG. 4 Growth potential analysis, by type
  • FIG. 5 Growth potential analysis, by specialty
  • FIG. 6 Growth potential analysis, by component
  • FIG. 7 Growth potential analysis, by delivery mode
  • FIG. 8 Percent of hospitals fully or partially implementing computerized telehealth system in U.S., 2010-2017
  • FIG. 9 Porter's analysis
  • FIG. 10 Strategy dashboard
  • FIG. 11 PESTEL analysis
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