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U.S. Virtual Care Market Size

Report ID: GMI11229
   |
Published Date: September 2024
 | 
Report Format: PDF

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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.

 

U.S. Virtual Care Market

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.
 

Authors: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :
Who are the major U.S. virtual care industry players?
American Well Corporation, AMD Global Telemedicine, CareClix, Inc., CVS Health Corporation, Included Health, Inc., HealthTap, Inc., iCliniq, Koninklijke Philips N.V., and Oracle Corporation, among others
Why is the demand for synchronous virtual care rising in the U.S.?
Why is the demand for telehealth rising in the U.S.?
How big is the U.S. virtual care market?

Report Content

Chapter 1   Methodology & Scope

1.1    Market scope & definitions

1.2    Research design

1.2.1    Research approach

1.2.2    Data collection methods

1.3    Base estimates & calculations

1.3.1    Base year calculation

1.3.2    Key trends for market estimation

1.4    Forecast model

1.5    Primary research and validation

1.5.1    Primary sources

1.5.2    Data mining sources

Chapter 2   Executive Summary

2.1    Industry 3600 synopsis

Chapter 3   Industry Insights

3.1    Industry ecosystem analysis

3.2    Industry impact forces

3.2.1    Growth drivers

3.2.1.1    Increasing incidence of chronic diseases

3.2.1.2    Advancements in healthcare IT technologies

3.2.1.3    Rising demand for remote healthcare solutions

3.2.1.4    Growing number of smartphone users

3.2.2    Industry pitfalls & challenges

3.2.2.1    Security concerns regarding patient data

3.2.2.2    Lack of awareness regarding virtual care

3.3    Growth potential analysis

3.4    Regulatory landscape

3.5    Technological landscape

3.6    Porter’s analysis

3.7    PESTEL analysis

Chapter 4   Competitive Landscape, 2023

4.1    Introduction

4.2    Company market share analysis

4.3    Company matrix analysis

4.4    Competitive analysis of major market players

4.5    Competitive positioning matrix

4.6    Strategy dashboard

Chapter 5   Market Estimates and Forecast, By Service Type, 2021 – 2032 ($ Mn)

5.1    Key trends

5.2    Telehealth

5.3    Telemedicine

5.4    Remote patient monitoring

Chapter 6   Market Estimates and Forecast, By Delivery Mode, 2021 – 2032 ($ Mn)

6.1    Key trends

6.2    Synchronous virtual care

6.3    Asynchronous virtual care

Chapter 7   Market Estimates and Forecast, By Application, 2021 – 2032 ($ Mn)

7.1    Key trends

7.2    Cardiology

7.3    Gynecology

7.4    Neurology

7.5    Orthopedics

7.6    Dermatology

7.7    Mental health

7.8    Other applications

Chapter 8   Market Estimates and Forecast, By End-Use, 2021 – 2032 ($ Mn)

8.1    Key trends

8.2    Payers

8.3    Providers

8.4    Patients

8.5    Other end-users

Chapter 9   Company Profiles

9.1    American Well Corporation

9.2    AMD Global Telemedicine

9.3    CareClix, Inc.

9.4    CVS Health Corporation

9.5    Included Health, Inc.

9.6    HealthTap, Inc.

9.7    iCliniq

9.8    Koninklijke Philips N.V.

9.9    Oracle Corporation

9.10    Sesame, Inc.

9.11    Siemens Healthineers AG

9.12    Teladoc Health, Inc.

9.13    The Cigna Group

9.14    UnitedHealth Group

9.15    Virtuwell

Authors: Mariam Faizullabhoy, Gauri Wani
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Premium Report Details

Base Year: 2023

Companies covered: 15

Tables & Figures: 68

Countries covered: 1

Pages: 63

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