New York, May 5, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of the US Telemedicine Market – Industry Outlook and Forecast 2021-2026. – https://www.reportlinker.com/p06068338/?utm_source = GNW
The introduction of telehealth has led to the availability of cost-effective treatment, the introduction of home health services, and low infrastructure development costs. Telehealth is revolutionizing the healthcare industry by minimizing hospital visits, reducing patient waiting times, and reducing physical discomfort to patients. In addition, in the US, the high costs of major stakeholders on healthcare IT infrastructure are driving market growth. The telemedicine market has seen an increase in investment in integrating telecommunications with healthcare systems. COVID-19 has further expanded the spread of telemedicine among doctors in the United States. Each state’s Medicaid covers some form of virtual care and private payer services. Many hospitals have started to provide services through platforms that have become more popular with healthcare providers. Hospitals have started to implement various new platforms to improve end-user access. Consequently, the use of information and communication technologies (ICT) addresses the critical challenges facing the United States in providing affordable, cost-effective, and high-quality patient care.
The following factors are likely to drive the growth of the US telemedicine market over the forecast period:
• Significant expansion of reimbursement for telemedicine services
• Increase in strategic acquisitions and cooperation
• The emergence of telemedicine robots and robotic platforms.
• COVID-19 pandemic stimulates demand for telemedicine services
The study examines the current scenario for the development of the telemedicine market in the United States and its market dynamics for the period from 2020 to 2026. It provides a detailed overview of several market constraints and trends. The report offers aspects of both demand and supply in the market. He describes and researches leading companies and other well-known companies operating in the market.
Segmentation of the US telemedicine market
The US Telemedicine Market Research Report includes detailed segmentation by modality, component, end-user, application, and delivery method. The virtual health segment in real time accounted for a significant 49% share in 2020. The real-time virtual health segment is expected to maintain its dominant position over the forecast period. The use of real-time virtual assistance in remote intensive care units has increased in the United States during the COVID-19 pandemic. Telehealth is one of the valuable tools for health monitoring and treatment. The spread of telemedicine is expected to grow as technology advances and the widespread adoption of smart gadgets in the United States. The remote patient monitoring segment is expected to reach over US $ 13 billion by 2026. The market for remote patient monitoring is growing rapidly and is expected to grow significantly over the forecast period. This increase can be attributed to the growing prevalence of chronic diseases such as cardiovascular disease, diabetes and respiratory disease in the elderly population, which requires regular monitoring and quality care.
The telemedicine market in the United States is growing at a rapid rate of over 32%, due to a shift in focus towards patient-centered and cost-based care from traditional hospital-centered and payment-for-service models. The growing number of older people is driving the connected medical device market. In addition, the growing demand for affordable treatment is estimated to increase the demand for telemedicine services. However, limited coverage, especially Medicare, and challenges from ambiguous state and federal regulatory frameworks are expected to limit market growth during the forecast period.
In 2020, the Internet and App telehealth segment accounted for over 77% of the US telehealth market share. Since the Internet delivery model requires a minimal amount of software and hardware components to deliver telehealth solutions, the demand is relatively high as they reduce the initial installation costs. Consequently, the market is witnessing more and more widespread adoption of web services. The segment is likely to grow at a healthy pace due to growing demand from emerging economies for the use of telehealth technologies in most healthcare facilities in remote and rural areas.
In 2020, chronic care accounted for approx. 36% of the US telemedicine market share. Chronic illness is one of the main problems for healthcare professionals. Treating diseases such as diabetes, hypertension and cancer has become a major challenge for doctors. About 40% of the US population suffers from chronic diseases. With the onset of the COVID-19 pandemic, the use of telestroke to monitor patients infected with COVID-19 has increased, leading to an increase in demand for telestroke.
The healthcare provider segment is expected to grow by more than US $ 13 billion by 2026. This segment accounts for a significant share of approx. 42% in 2020. The inclusion of telemedicine services in disease management and post-emergency care programs increases efficiency and effectiveness. Several prestigious hospitals are introducing these services to increase profitability, attract and retain large numbers of patients, and reduce readmissions. As the number of telemedicine services and remote patient monitoring devices increases, hospitals are focusing on improving telehealth infrastructure to meet growing demand, thereby increasing market growth. In addition, growing collaboration between hospitals and market providers is expected to drive the proliferation of remote intensive care units.
• Virtual health in real time
• Remote monitoring of patients
• Shop and shipping
• Chronic care
• Mental health
• obstetrics / gynecology
• Urgent Care
• Telehealth via internet / apps
• Cloud telehealth
• Local telehealth
• Health care providers
• Patients and individuals
• Employers and government agencies
AMD Global Telehealth, American Well, GlobalMedia Group, Koninklijke Philips, Resideo Life Care Solutions, and Medtronic are major players offering healthcare software / remote healthcare applications. The US telehealth market is characterized by rapid technological change, changing end-user requirements, shorter product lifecycles, and rising industry standards. Suppliers focus on improving their solution with next generation technologies and developing or acquiring new services to reach new customers in the market. Before the COVID-19 pandemic, the US telemedicine market was at an early stage of development and was competitive. However, during the COVID-19 pandemic, it became very competitive. Suppliers offer integrated technology platforms, high-quality supplier networks, sophisticated customer engagement strategies and sustainable distribution channels. They are trying to build a strong brand image by building strong customer relationships to become the leading telemedicine platform in the United States.
• AMD Global Telemedicine
• American well
• GlobalMedia Group
• InTouch Health
• Koninklijke Philips
• Resideo Life Care Solutions
• Teladoc Health
• Revive health
Other well-known suppliers
• AirStrip Technologies
• A&D company
• Boston Scientific
• OMS Health
• Doctor on request
• edgeMED Healthcare
• GE Healthcare
• Genome Medical
• Graham Healthcare Group
• Harris computer
• iHealth Laboratories
• Emergency medical care for issues of integrity
• Mercy Virtual
• NextGen Healthcare
• Omron Healthcare
• 98 points 6
• SOC Telemed
• Spacelabs Healthcare
• THA Group
• Vida Health
ANSWERS TO KEY QUESTIONS
1. What are telemedicine services and what are their applications?
2. How big is the US telehealth market?
3. What are the future trends in the healthcare IT industry?
4. What are the leading telemedicine companies in the US region?
5. What factors are expected to drive the introduction of telehealth services?
6. Has the COVID-19 pandemic accelerated the growth of telemedicine services?
Read the full report: https://www.reportlinker.com/p06068338/?utm_source=GNW
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