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Selbyville, Delaware, Oct. 15, 2020 (GLOBE NEWSWIRE) — As per credible estimates, U.S. telemedicine market is expected to grow substantially over the forthcoming and amass USD 25.88 Billion by 2027. Benefits of telemedicine such as reduction in cost of care, better patient engagement, as well as scaling and optimization of health programs are fueling the market growth in the United States.  As per the given report, U.S. telemedicine market is scrutinized based on component type, application spectrum, mode of delivery, and end-user scope. Granular details pertaining to competitive landscape of the market, alongside information about each industry players and their business profile is also mentioned.   
Also, emergence of advanced healthcare devices, high investments towards IoHT (Internet of Healthcare Things), and increasing prevalence of COVID-19 infection will provide impetus to the U.S. telemedicine industry expansion. Swift approvals by U.S. regulatory agencies are encouraging foreign players to establish base in the nation, hence stimulating market trends. For instance, in July 2020, DreamTech, an electronic component company from South Korea, declared that it received approval for using its electrocardiogram patch Biosensor 1A in telemedicine.
Innovations and technological advancements in electronic healthcare devices are also likely to influence the U.S. telemedicine market outlook. Citing an instance, MolecuLight Inc., introduced i:X Telemedicine Solution in July 2020, which performs imaging for better detection of bacterial wounds. The solution enables wound care specialist to make informed decision during diagnosis.Request Sample copy of this Report @, telemedicine has revolutionized the overall healthcare industry in the U.S. The system facilitates patients to have quick access to healthcare providers using various devices. Further, increasing need to maintain social distancing has boosted the need for virtual connection between the patients and the doctors thus, propelling the U.S. telemedicine market growth.COVID-19 impactIncreasing prevalence of COVID 19 pandemic has created demand for virtual connections. CDC has urged healthcare providers across the country to actively engage with patients in virtual manner. In response to the appeal, several federal health agencies are takins steps for enabling the telemedicine services. The U.S. government extended the services to 62 million beneficiaries in the country. Such initiatives will impel the U.S. telemedicine market remuneration.Elaborating component terrainIndustry experts cite that software & services segment of U.S. telemedicine market is reckoned to grow substantially over 2020-2027, owing to development of robust, fully-integrated, user-friendly, and low-cost software.Analyzing application scopeU.S. telemedicine industry share from telestroke application is anticipated to grow modestly over the forecast period. Dearth of treatment facilities in rural areas, ignorance regarding the symptoms of stroke, and limitations of on-site treatment capabilities result in surging stroke-related deaths in the U.S. Potential of telemedicine services in treating stroke patients, in consort with improving patient access and monitoring are fostering the market share.To access a sample copy or view this report in detail along with the table of contents, please click the link below: market segmentationsAs per mode of delivery, U.S. telemedicine market is classified into telehealth portals & kiosks, virtual, mobile health apps. While the end-user spectrum of the industry is divided into patients, payers, and providers. U.S. Telemedicine Market Component Sub-type (Revenue, USD Billion, 2015-2027)HardwareTelemedicine CartsKiosksMobile Medical DevicesDigital CamerasTelemedicine KitsOther DevicesSoftware & ServicesReal-Time Interaction Software & ServicesRemote Order Entry ServiceRemote Patient Monitoring Software & ServicesStore-And-Forward Software & ServicesOthersU.S. Telemedicine Market Application Spectrum (Revenue, USD Billion, 2015-2027)TeleradiologyTele-ICUTelepsychiatryTelestrokeTeleconsultationTeledermatologyOthersU.S. Telemedicine Market Mode of Delivery (Revenue, USD Billion, 2015-2027)Telehealth Portals & kiosksMobile Health AppsVirtualOthersU.S. Telemedicine Market End-Use Scope (Revenue, USD Billion, 2015-2027)PayersPatientsProvidersU.S. Telemedicine Market Competitive Landscape (Revenue, USD Billion, 2015-2027)Medtronic PLCKoninklijke Philips N.V.GE Healthcare SystemsAsahi Kasei CorporationAmerican Well (Amwell)Chiron Health Inc.IMEDIPLUS Inc.U.S. Medical Supply Inc.Zipnosis Inc.Medvivo Group Ltd.Siemens Healthineers AGMEDWEBCerner Corporation Ltd.Cisco Systems Inc.Iron Bow Technologies LLCTeladoc Health IncAMC HealthVSee Lab Inc.Table of Contents:1.            Chapter 1. Introduction1.1.         Report Description1.1.1.     Objectives of the Study1.1.2.     Market Scope1.1.3.     Assumptions1.2.         StakeholdersChapter 2. Executive Summary2.1.         Market Highlights3.            Chapter 3. Research Methodology3.1.         Overview3.1.1.     Data Mining3.2.         Data Sources3.2.1.     Primary Sources3.2.2.     Secondary SourcesChapter 4. U.S. Telemedicine Market Insights4.1.         U.S. Telemedicine – Industry snapshot4.2.         U.S. Telemedicine Market Dynamics4.2.1.     Drivers and Opportunities4.2.1.1. Reduction in the overall cost of care4.2.1.2. Favorable Regulatory Scenario: – Improvement in the overall patient engagement4.2.1.4. Service consolidation leading to increase in accessibility4.2.1.5. Scaling and Optimization of Telehealth program4.2.2.     Restraints and Challenges4.2.2.1. Barriers to widespread telehealth adoption in the U.S.4.3.         Porter’s Five Forces Analysis4.3.1.     Bargaining Power of Suppliers (Moderate)4.3.2.     Threats of New Entrants: (High)4.3.3.     Bargaining Power of Buyers (Moderate)4.3.4.     Threat of Substitute (Moderate)4.3.5.     Rivalry among existing firms (High)4.4.         PEST Analysis4.5.         U.S. Telemedicine Market Industry trends4.6.         COVID-19 Impact Analysis4.6.1.     Current Scenario and Future ProspectsChapter 5. U.S. Telemedicine Market Assessment by Component (USD Billion, 2015 – 2027)5.1.         Introduction5.2.         Hardware5.3.         Hardware Component Sub Segments5.3.1.     Telemedicine Carts5.3.2.     Kiosks5.3.3.     Digital Cameras5.3.4.     Telemedicine Kits5.3.5.     Mobile Medical Devices5.3.6.     Other Hardware Component5.4.         Software & Services5.5.         Software & Services Component Sub Segments5.5.1.     Remote Patient Monitoring Software & Services5.5.2.     Real-Time Interaction Software & Services5.5.3.     Store-And-Forward Software & Services5.5.4.     Remote Order Entry Service5.5.5.     Other Software & ServicesChapter 6. U.S. Telemedicine Market Assessment by Application (USD Billion, 2015 – 2027)6.1.         Introduction6.2.         Teleradiology6.3.         Telepsychiatry6.4.         Telestroke6.5.         Tele-ICU6.6.         Teledermatology6.7.         Teleconsultation6.8.         Other ApplicationsChapter 7. U.S. Telemedicine Market Assessment by Mode of Delivery (USD Billion, 2015 – 2027)7.1.         Introduction7.2.         Mobile Health Apps7.3.         Virtual7.4.         Telehealth Portals & kiosks7.5.         Other Modes of DeliveryChapter 8. U.S. Telemedicine Market Assessment by End-User (USD Billion, 2015 – 2027)8.1.         Introduction8.2.         Providers8.3.         Payers8.4.         PatientsChapter 9. Competitive LandscapeRelated Report:Telemedicine Market Size, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026Telemedicine Market size is expected to witness 19.3% CAGR from 2020 to 2026, as per new research report. Telemedicine is the use of electronic communication to provide healthcare services to patients located in remote locations. Social distancing is one of the key strategies to minimize the spread of COVID-19 infection. Telemedicine technology can be leveraged by physicians to provide healthcare facilities to the patients, thereby promoting social distancing and lowering the risk of corona virus infection. From a regional frame of reference, the Latin America telemedicine market was valued at more than $1.5 billion in 2019 and is projected to grow at more than 20.5% through the forecast period. Middle East & Africa telemedicine market was valued at more than $1.1 billion 2019 and is estimated to expand at a CAGR of more than 19% over the projected timeframe.About US:Market Study Report, LLC. is a hub for market intelligence products and services.We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company’s core activities.If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.Contact Us:
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