The global U.S.
Telemedicine Market size is expected to reach USD 17.14 Billion
by 2026 according to a new study by Polaris Market Research. The report “U.S.
Telemedicine Market Share, Size, Trends, Industry Analysis Report By Component
(Hardware, Software & Services); By Application (Teleradiology,
Telepsychiatry, Telestroke, Tele-ICU, Teledermatology, Teleconsultation); Mode
of Delivery (Mobile Health Apps, Virtual, Telemedicine Portals & kiosks,
Others); By End User; Segment Forecast, 2020 – 2026” gives
a detailed insight into current market dynamics and provides analysis on future
market growth.
The U.S. Telemedicine Market is
projected to witness a significant growth over the forecast period. Rising need
to maintain social distance due to corona pandemic, focus on expanding
healthcare facilities and give easy access to the public, overall of shortage
of physicians, advancement in telecommunication technologies, and growing
government support are some of the factors benefitting the U.S. Telemedicine
medicine market. High utility of Telemedicine in treating diseases and
conditions especially in rural areas is benefitting the market growth in the
country.
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U.S. is characterized by strong
support and initiatives taken by government to boost Telemedicine market. In
the recent past, the U.S. government took concrete steps by boosting
Telemedicine sector to overcome medical challenges and emergencies faced by the
country. The American Telemedicine Association (ATA), during the opioid
epidemic, took concentrated efforts to boost Telemedicine usage in the country.
These moves were aimed at fully utilizing the advantages of Telemedicine to
give wider healthcare accessibility.
Large companies are collaborating
with cloud service providers to gain enhanced Telemedicine capabilities and to
increase their market shares. They are providing services such as assessment
and monitoring, education, preventive measures, diagnosis, among others. These
are done by combining various elements such as digital imaging,
telecommunications, video-conferencing, etc. Advancements in each of these
aspects is particularly benefitting the U.S. Telemedicine medicine market.
The rapid adoption of cloud in the
overall Telemedicine market in the U.S. has resulted in successfully offsetting
up of difficulties related to travel, physical storage of files, access issues
and need of patient & doctor to be in the same place. Recent developments in
privacy and security and high awareness pertaining to it among the U.S.
population have resulted in the development of encryption techniques that allow
more secure data, adoption of authentication measures at each step and access
of data without violating patient privacy. All these factors are benefitting
the Telemedicine market in the country.
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Healthcare innovation and rising
prominence of virtualization are some of the key industry trends. Market
participants are concentrating on strengthening their overall service lines and
are also facilitating the provision of customized solutions to their patients
through the use of technology. Protected health information security, cost and
operational efficiency, on -demand, easy access whenever and wherever patients
demand, are some of the critical success factors observed in the U.S. market.
The market is bound to grow as more and more healthcare service operators are
turning to Telemedicine to manage the influx of patients into their facilities.
Some of the leading players in the U.S.
Telemedicine market include Koninklijke Philips, Medtronic, GE Healthcare,
Cerner Corporation, Siemens Healthineers AG, Cisco Systems, Asahi Kasei
Corporation, Iron Bow Technologies, American Well, Teladoc Health, Medvivo
Group, AMC Health, Chiron Health, Zipnosis, VSEE, IMEDIPLUS, MEDWEB, U.S.MED.
among others
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