United States Telehealth Market Outlook and Forecast Report 2021-2026: Reimbursement Expansion for Telehealth Services & High Demand for Telehealth Due to COVID-19 – ResearchAndMarkets.com

Bill Mount

DUBLIN–(BUSINESS WIRE)–The “U.S. Telehealth Market – Industry Outlook and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering. The U.S. telehealth market by revenue is expected to grow at a CAGR of over 28% during the period 2020-2026. The introduction of telehealth has led to the availability of cost-effective treatment, […]


DUBLIN–(BUSINESS WIRE)–The “U.S. Telehealth Market – Industry Outlook and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The U.S. telehealth market by revenue is expected to grow at a CAGR of over 28% during the period 2020-2026.

The introduction of telehealth has led to the availability of cost-effective treatment, adoption of home healthcare services, and low expenditure on infrastructure development. Telehealth is revolutionizing the healthcare industry as it minimizes hospital visits, reduces patient wait time, and decreases the physical discomfort caused to patients.

Further, in the US, the high expenditure on healthcare IT infrastructure by major stakeholders contributes to the market’s growth. The telehealth market is observing increased investment for the integration of telecommunications with healthcare systems. COVID-19 further enhanced the adoption of telemedicine among physicians in the US.

Every state Medicaid has some form of coverage to virtual care services and private payers. Many hospitals started to provide services through platforms, which increase their adoption among healthcare providers.

Hospitals started to adopt various new platforms to increase better access to end-users. Hence, the usage of information and communication technologies (ICT) has the capability to address critical challenges faced by the US in providing accessible, cost-effective, and high-quality healthcare services to patients.

U.S. Telehealth Market Segmentation

The U.S. telehealth market research report includes a detailed segmentation by modality, component, end-user, application, delivery mode. The real-time virtual health segment accounted for a significant share of 49% in 2020. The real-time virtual health segment is anticipated to retain its dominance during the forecast period. The usage of real-time virtual care in remote ICUs has increased in the US during the COVID-19 Pandemic.

Telehealth is one of the valuable tools for monitoring health conditions and treatment. The adoption of telemedicine is expected to rise with advances in technology and the high penetration of smart gadgets across the US. The remote patient monitoring segment expects to reach over USD 13 billion by 2026.

The remote patient monitoring market is growing at a healthy rate and is expected to grow significantly during the forecast period. This growth can be attributed to the growing prevalence of chronic diseases such as cardiovascular, diabetes, and respiratory diseases in the elderly population that requires regular monitoring and quality care.

The US telehealth services market is growing at a fast CAGR of over 32% due to the shift in focus to patient-centric, value-based care from conventional hospital-centric and fee-per-service models. The growing geriatric population is driving the connected medical devices market. Further, the growing need for affordable treatments is estimated to boost the demand for telehealth services. However, limited coverage of insurance, especially by Medicare, and issues related to the ambiguous regulatory framework adopted by different states and the US Federal government are anticipated to curtail the market growth during the forecast period.

Prominent Vendors

  • AMD Global Telemedicine
  • American Well
  • BioTelemetry
  • GlobalMedia Group
  • InTouch Health
  • Koninklijke Philips
  • Medtronic
  • Resideo Life Care Solutions
  • Teladoc Health
  • Vivify Health

Other Prominent Vendors

  • AirStrip Technologies
  • A&D Company
  • Abbott
  • AgaMatrix
  • AliveCor
  • AT&T
  • athenahealth
  • BIOTRONIK
  • Boston Scientific
  • Biotricity
  • CHI Health
  • Doctor on Demand
  • edgeMED Healthcare
  • eVisit
  • GE Healthcare
  • Genome Medical
  • Graham Healthcare Group
  • Harris Computer
  • HealthTap
  • INOVA
  • iHealth Labs
  • Integrity Urgent Care
  • iSelectMD
  • MedArrive
  • Masimo
  • MDLIVE
  • Medici
  • MeMD
  • MedXCom
  • Mercy Virtual
  • NextGen Healthcare
  • Nines
  • Omron Healthcare
  • PlushCare
  • 98point6
  • SOC Telemed
  • Spacelabs Healthcare
  • THA Group
  • TytoCare
  • Vidyo
  • Vsee
  • virtuwell
  • Vida Health
  • ZIPNOSIS

Key Topics Covered:

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.2 Base Year

4.3 Scope of The Study

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Overview

7.2 US Telehealth Market Snapshot

8 Recent Telehealth Reforms During COVID-19

8.1 Overview

8.2 Recent Medicare Telehealth Reimbursement Reforms

8.2.1 Key Changes in Reimbursement by CMS Enabling Telehealth Implementation

9 Telehealth in Outpatient Settings

9.1 Overview

9.1.1 Reasons for Physicians Adopting Telehealth in Outpatient Settings

9.1.2 Telehealth Usage Among Specialists

10 COVID-19 Impact on Telehealth

10.1 Overview

11 Market Opportunities & Trends

11.1 Reimbursement Expansion For Telehealth Services

11.2 Strategic Acquisitions & Collaborations

11.3 Emergence Of Telehealth Robots & Robotic Platforms

11.4 High Demand For Telehealth Due To COVID-19 Pandemic

12 Market Growth Enablers

12.1 Increasing Demand For Tele-ICUs

12.2 Rise In Telehealth Adoption Among Physicians

12.3 Growing Target Pool Of Patients Requiring Telehealth Services

12.4 Rising mHealth Applications Fueling Telehealth Adoption

12.5 Growing Demand For RPM Platforms & Connected Medical Devices

13 Market Restraints

13.1 Chances Of Misdiagnosis Due To Lack Of Physical Examination

13.2 Uncertainty Over Standard Regulatory Frameworks & Legal Barriers To Telehealth

13.3 Lack Of Standard Interoperability In Telehealth Infrastructure

13.4 Data Security & Privacy Risks Associated With Telehealth

14 Market Landscape

14.1 Market Overview

14.2 Market Size & Forecast

14.3 Five Forces Analysis

15 Modality

15.1 Market Snapshot & Growth Engine

15.2 Market Overview

15.3 Real-Time Virtual Health

15.4 Remote Patient Monitoring

15.5 Store & Forward

16 Component

16.1 Market Snapshot & Growth Engine

16.2 Market Overview

16.3 Telehealth Services

16.4 Hardware

16.5 Software

17 Delivery Mode

17.1 Market Snapshot & Growth Engine

17.2 Market Overview

17.3 Web/App-Based Telehealth

17.4 Cloud-Based Telehealth

17.5 On-Premise Telehealth

18 Application

18.1 Market Snapshot & Growth Engine

18.2 Market Overview

18.3 Chronic Care Management

18.4 Radiology

18.5 Mental Health/Neurology

18.6 Obstetrics/Gynecology (OB/GYN) Care

18.7 Urgent Care

19 End-User

19.1 Market Snapshot & Growth Engine

19.2 Market Overview

19.3 Healthcare Providers

19.4 Patients

19.5 Employer Groups & Government Organizations

19.6 Payers

For more information about this report visit https://www.researchandmarkets.com/r/jhjlmk



Source link

Next Post

Trump's blog isn't lighting up the internet

Four months after former President Donald Trump was banished from most mainstream social media platforms, he returned to the web last Tuesday with “From the Desk of Donald J. Trump,” essentially a blog for his musings. A week since the unveiling, social media data suggests things are not going well.  […]