US Telemedicine Market Size Worth USD 131.49 billion by 2032 | CAGR: 17.7%

The US telemedicine market size is expected to reach USD  131.49 billion by 2032, according to a new study by Polaris Market Research. The report “US Telemedicine Market Size, Share, Trends, Industry Analysis Report: By Component, Application, Mode of Delivery (Mobile Health Apps, Virtual, Telehealth Portals & kiosks, and Others), and End Users – Market Forecast, 2024–2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The US telemedicine market is experiencing rapid growth, driven by the increasing demand for remote healthcare solutions. According to the National Center for Health Statistics, in 2021, 37% of US adults utilized telemedicine services, with 41% being women and 31% men, indicating a particular popularity among female patients. The convenience and accessibility of telehealth, along with the need for healthcare options that accommodate busy lifestyles and overcome geographical barriers, are key factors propelling this trend. The market is expected to continue expanding, supported by technological advancements and greater acceptance of virtual care models as more individuals seek flexible healthcare solutions. This shift reflects a broader movement towards more inclusive and accessible healthcare services.    

The telemedicine market in the US is mainly driven by the increasing prevalence of chronic diseases across all age groups in the country. For instance, according to the Center for Disease Control, as of February 2024, an estimated 129 million people in the United States, nearly half of the population, are living with at least one major chronic condition such as heart disease, cancer, diabetes, obesity, or hypertension. This high incidence of chronic diseases creates a significant demand for continuous and accessible healthcare management, which telemedicine effectively provides. Remote healthcare solutions offer patients with chronic conditions the convenience of regular monitoring and consultations without the need for frequent in-person visits. This approach not only enhances patient engagement and adherence to treatment plans but also helps in managing healthcare costs and improving overall outcomes. Consequently, the rise in chronic disease prevalence is driving the expansion of telemedicine as an essential component of modern healthcare.

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Teleconsultation is a major application of telemedicine, transforming how patients access healthcare services. It enables individuals to consult with healthcare professionals remotely through video calls or messaging, eliminating the need for physical visits. This approach not only offers convenience but also improves access to medical expertise, especially for those in remote or underserved areas. By facilitating real-time interactions between patients and providers, teleconsultation improves healthcare delivery, making it more accessible and efficient in today’s digital age.

US Telemedicine Market Report Highlights

• By mode of delivery insights, the mobile health app segment is anticipated to experience substantial growth in the US market. This growth is attributed to their ability to facilitate remote consultations, health management, and real-time monitoring through user-friendly interfaces and seamless integration with digital health tools.
• By end users analysis, the providers segment accounted for the largest revenue share of the market in 2023 due to the increasing acceptance of telehealth and telemedicine among large hospitals and individual physicians.
• The telemedicine market in the US is projected for substantial growth due to increasing demand for remote healthcare solutions, the growing prevalence of chronic disorders, and aging population.
• The key market players are Allscripts; AMD Global Telemedicine; BioTelemetry; Cerner; Cisco Systems; Honeywell International; InTouch Technologies; McKesson Corporation; OBS Medical; GE Healthcare; Iron Bow Technologies; American Well Corporation; Teladoc Health; Medvivo Group; AMC Health; Medtronic; Siemens Healthcare; and Asahi Kasei. 

Polaris Market Research has segmented the US telemedicine market report based on component, application, mode of delivery, and end users:

By Component Outlook (USD Billion, 2019–2032)

• Hardware

• Telemedicine Carts
• Kiosks
• Digital Cameras
• Telemedicine Kits
• Mobile Medical Devices
• Other Devices

• Softwares & Services

• Remote Patient Monitoring Software & Services
• Real-Time Interaction Software & Services
• Store-And-Forward Software & Services
• Remote Order Entry Service
• Others

By Application Outlook

• Teleradiology
• Telepsychiatry
• Telestroke
• Tele-ICU
• Teledermatology
• Teleconsultation
• Other Applications

By Mode of Delivery Outlook

• Mobile Health Apps
• Virtual
• Telehealth Portals & Kiosks
• Others

By End Users Outlook

• Providers
• Payers
• Patients

US Telemedicine Market Report Scope