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U.S. Telemedicine Market Share

Report ID: GMI4362
Published Date: Dec 2022
Report Format: PDF

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U.S. Telemedicine Market Share

AMD Global Telemedicine
Allscripts Healthcare Solutions Inc
American Well
Cisco Systems
Eagle Telemedicine
Oracle Corporation (Cerner)
Honeywell International Inc
McKesson Corporation
Koninklijke Philips N.V
OBS Medical
Specialist Telemed
SOC Telemed
Teladoc

are some leading market players functioning in the U.S. telemedicine market. These companies primarily focus on mergers and partnerships. For instance, in March 2021, AMD Global Telemedicine Inc., a telemedicine platform, partnered with PointClickCare Technologies, a cloud-based software technology firm, to boost their market standing in the long-term and post-acute care (LTPAC) industry. This is set to help clinicians to record and collect patients’ vitals in mere minutes and eliminate the risk of common data entry errors.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

U.S. Telemedicine Market accounted for more than USD 35 billion in 2022 and is set to progress at a 12.5% CAGR over the next 10 years owing to the strong prevalence of chronic diseases, such as cancer, diabetes, and heart diseases, among others, due to the high adoption of unhealthy habits and sedentary lifestyles.

The gynecology segment is foreseen to surpass USD 4 billion in revenue by the end of 2032 owing to the widespread application of telemedicine in gynecology such as preconception counseling, and family planning, including contraception and medical abortion.

The software segment is poised to reach a valuation of more than USD 37 billion by the end of 2032 as a result of the introduction of user-friendly telemedicine platforms and creative mobile applications by varied organizations.

The call centers segment is slated to exhibit a 12% CAGR between 2023 to 2032 on account of the easy connection of bedridden and remote patients with particular areas of medical facilities and a wide range of services in the region.