U.S. Virtual Care Market Size

U.S. Virtual Care Market Size

U.S. Virtual Care Market size was valued at around USD 7.1 billion in 2023 and is estimated to grow at 29.2% CAGR from 2024 to 2032. Virtual care refers to the delivery of healthcare services and consultations through digital communication technologies, allowing patients to interact with healthcare providers remotely. It encompasses a broad range of services, including telemedicine, telehealth, remote patient monitoring, and mobile health applications.

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The rising prevalence of chronic diseases, such as cardiovascular diseases, diabetes, neurological disorders, and cancer, is driving market expansion. For instance, according to the American Heart Association, cardiovascular disease (CVD) was the leading cause of death in the U.S. in 2020, responsible for 928,741 deaths. Of these, coronary heart disease (CHD) accounted for 41.2%, followed by stroke (17.3%), other CVDs (16.8%), high blood pressure (12.9%), heart failure (9.2%), and diseases of the arteries (2.6%). This underscores the critical need for advanced virtual care solutions to manage and monitor chronic conditions, thereby driving the market's expansion as healthcare providers seek to improve patient outcomes and reduce the burden of these prevalent diseases.
 

Additionally, advancements in healthcare IT technology, increased demand for remote healthcare, and the growing number of smartphone users are fueling market growth.