U.S. Telemedicine Market Analysis

U.S. Telemedicine Market Analysis

Based on service, the U.S. telemedicine market is segmented into tele-consulting, tele-education/training, tele-monitoring, and others. The tele-education/training segment is poised to depict over 14% CAGR from 2023 to 2032. Healthcare professionals that work in remote or rural areas can receive their education through tele-education. It removes constraints caused by distance and enhances medical education/training services, particularly in rural areas. Additionally, tele-educational services support emergency medical care, while improving overall treatment outcomes

In terms of type, the U.S. telemedicine market is categorized into telehospital and telehome. The telehospital segment was valued at more than USD 22.5 billion in 2022. Telehospital is further segregated into academic hospitals, big independent hospitals, medium independent hospitals, little independent hospitals, and so on. Telehospital services demand is driven by the requirement for remote patient monitoring. Additionally, the growing need for affordable, high-quality healthcare services is a key factor aiding segment expansion.

With respect to specialty, the U.S. telemedicine market is divided into cardiology, neurology, gynecology, orthopedics, mental health, dermatology, critical care, and neonatology. U.S. market from the gynecology segment is foreseen to surpass USD 4 billion by 2032. The segment growth is attributable to the widespread application of telemedicine in gynecology such as for preconception counseling, family planning including contraception & medical abortion, teleradiology, infertility workup, cervical cancer screening, and colposcopy, among others. It enables early access to schedule optimization for high-risk obstetrics and medical abortion services, which is estimated to facilitate segment progress.
 

Based on components, the U.S. telemedicine market is classified into hardware, software, and service. The software segment is primed to reach more than USD 37 billion by 2032. Numerous businesses are releasing user-friendly telemedicine platforms and creative mobile applications. Additionally, it is anticipated that over the analysis period, the demand for telemedicine software is expected to rise in line with the demand for virtual visits, thereby benefitting the segment.

In terms of delivery mode, the U.S. telemedicine market is segregated into web/mobile and call centers. Call centers are anticipated to exhibit a 12% CAGR between 2023 to 2032. For patients who are confined to their homes or are bedridden, call centers offer a wide range of services, meanwhile, for remote consultations, call centers connect patients to particular areas of medical facilities easily. The call center database's information comprises the patient's medical information. This facility is primarily utilized in medical facilities with multiple specialties, which is set to augment segment revenues.