US Telemedicine Market size was valued at US$ 14.6 Mn. in 2020 and the total revenue is expected to grow at 8.9% through 2021 to 2027, reaching nearly US$ 26.52 Mn.
US Telemedicine Market Overview:
The competitive landscape of the US Telemedicine market includes information about competitors. Among the areas covered are a firm overview, financials, revenue generated, market potential, RD investment, new market efforts, geographical presence, business strengths and weaknesses, product introduction, and application dominance. The information that follows is only relevant to the organization's concentration on the US Telemedicine market.
Segmentation:
The teleconsulting market is anticipated to be worth approximately USD 16.2 billion in 2020. The expanding acceptability of virtual consultation has increased access to healthcare services even in rural areas. Furthermore, user adoption increased from 11% to 38% in a year. Additionally, tele-consulting promotes patient outreach at a cheap cost, resulting in cost-effectiveness. Furthermore, 24/7 support assistance is expected to drive market expansion during the projection period. Patient participation with remote monitoring is a crucial driver driving market growth.
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Key Players: Primary and secondary research are used to identify market leaders, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary research included a review of the leading manufacturers' annual and financial reports, whereas primary research included in-depth interviews with key opinion leaders and industry specialists such as experienced front-line personnel, CEOs, and marketing executives. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data.
The following are the key players of the US Telemedicine market-
• McKesson Corporation
• Cisco Systems
• Honeywell International
• Philips
• Cerner Corporation
• Teladoc Health.
• Allscripts Healthcare Solutions
• AMD U.S.
• BioTelemetry
• InTouch Technologies
• American Well
• Specialist Telemed
• SOC Telemed
• InSight
• Eagle Telemedicine
• Blue Sky
Market Scope:
To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.
Regional Analysis:
Individual market influencing components and changes in market rules that affect current and future market trends are also covered in the geographical component of the research. Among the variables used to forecast market scenarios for various countries are downstream and upstream value chain analysis, technological trends, porter's five forces analysis, and case studies.
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COVID-19 Impact Analysis on US Telemedicine Market: The report also investigates the impact of COVID-19 on the US Telemedicine market. The fundamental purpose of this research is to help users understand the market in terms of definition, segmentation, market potential, key trends, and difficulties that the industry is facing across major regions. The research provides a microeconomic and macroeconomic analysis of the overall impact of COVID-19 on the US Telemedicine Market. The study focuses on market share and size, clearly indicating the influence that the epidemic has had and will have on the worldwide US Telemedicine Market in the next years.
Key Questions Answered in the US Telemedicine Market Report are:
- What will be the US Telemedicine market's CAGR throughout the projected period (2021-2027)?
- Which market category emerged as the market leader in the US Telemedicine industry?
- Who are the key players in the US Telemedicine market?
- What important trends in the US Telemedicine industry are anticipated to develop throughout the forecast period?
- How big will the US Telemedicine market be in 2027?
- In 2020, which business segment had the highest proportion of the US Telemedicine market?
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