North America Telemedicine Market Explore Emerging Technology, Opportunities, Analysis and Future Threats

According to a new market research study on “North America Telemedicine Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Product and Services, Specialty, Delivery Mode” is expected to reach US$ 74,682.98 million by 2028 from 22,556.58 US$ million in 2021. The market is estimated to grow at a CAGR of 18.7% from 2021 to 2028.

Download Sample PDF Copy: https://www.businessmarketinsights.com/sample/TIPRE00024795

The North America telemedicine market is segmented into the United States, Canada, and Mexico. North America holds the largest share of the global telemedicine market, driven by factors such as the rising adoption of telemedicine in the U.S., increasing public health awareness, strategic government initiatives, and the presence of leading industry players. In the U.S., 76% of hospitals now use some form of telemedicine to connect with patients. Telemedicine has become a vital tool for fostering patient-provider partnerships and enabling a multidisciplinary approach to care, strengthening connections between patients, healthcare providers, and other stakeholders.

The COVID-19 pandemic has significantly heightened the importance of telemedicine. Prior to the pandemic, telemedicine adoption in the U.S. was relatively limited. However, the crisis has accelerated its implementation as policymakers, insurers, and health systems sought ways to deliver care remotely, reducing the risk of coronavirus transmission. To meet this growing demand, rapid changes have been made to telehealth policies, coverage, and implementation, making telemedicine more accessible during the public health emergency. Many U.S. states have mandated that private insurance plans cover and reimburse telemedicine services on par with in-person care. Additionally, commercial insurers have voluntarily expanded telemedicine coverage, reduced or eliminated cost-sharing, and increased the number of in-network telemedicine providers. Health systems have also responded by launching new telehealth programs or scaling up existing ones.

Impact of COVID-19 on the Telemedicine Market

The pandemic has led to a dramatic surge in the use of telemedicine and telehealth services. Consumer adoption of telehealth in the U.S. skyrocketed from 11% in 2019 to 46% during the pandemic, as patients turned to telehealth to replace canceled in-person visits. For example, a study by NYU Langone Health (New York, NY, USA) revealed an 80% decline in in-person visits and a 683% increase in telemedicine visits between March 2 and April 14, 2020. Telemedicine has also played a critical role in reducing staff exposure to COVID-19 in hospitals and ambulances by enabling remote consultations via computers and tablets.

The demand for telemedicine services is expected to continue growing significantly in the U.S. For instance, shares of Teladoc Health Inc., a leading telehealth provider, rose nearly 50% since the start of 2020. Hospitals and health systems are actively encouraging individuals with suspected COVID-19 symptoms to use telehealth services, alleviating pressure on overcrowded emergency rooms and clinics. This surge in demand for telemedicine during the pandemic is expected to drive substantial growth in the North America telemedicine market.

Key Market Players

The North America telemedicine market is dominated by several key players, including:

  • Allscripts Healthcare Solutions, Inc.

  • AMD Global Telemedicine, Inc.

  • American Well Corporation

  • Cerner Corporation

  • Cisco Systems, Inc.

  • Eagle Telemedicine Solutions LLC

  • Honeywell International, Inc.

  • Insight

  • Koninklijke Philips N.V.

  • McKesson Corporation

These companies are at the forefront of innovation, driving the adoption and expansion of telemedicine technologies to improve healthcare delivery, enhance patient outcomes, and address the challenges posed by the COVID-19 pandemic.

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

Comments

Post a Comment

Popular posts from this blog

Permanent Magnet Market Size, Share, Segmentation, Analysis by Recent Trends, Development and Growth by 2031

The   Permanent Magnet Market   size is expected to reach US$ 47,309.65 million by 2031 from US$ 25,035.19 million in 2024. The market is estimated to record a CAGR of 10.0 % from 2025 to 2031. Segments Covered By Type Neodymium-Iron-Boron Ferrite Samarium Cobalt Alnico By Application Consumer Electronics Automotive Aerospace and Defense Medical Industrial Machinery Energy Executive Summary and Global Market Analysis The global permanent magnet market is experiencing rapid growth, driven by technological advancements, increasing demand for energy-efficient solutions, and the expanding electric vehicle (EV) sector. Permanent magnets are vital components across multiple industries, including automotive, electronics, energy, and manufacturing. These magnets are primarily composed of materials such as neodymium-iron-boron (NdFeB), samarium-cobalt (SmCo), and ferrite, each offering unique properties tailored for specific applications. A key factor propelling market growth is the su...
Read more

Graphite Market Opportunities, Challenges, Strategies and Forecasts by 2031

The   Graphite Market   size is expected to reach US$ 39,698.2 million by 2031 from US$ 17,718.40 million in 2024. The market is estimated to record a CAGR of 12.4% from 2025 to 2031. Key Players:  ES Europe GmbH Graphit Kropfmühl GmbH Pingdingshan Wanhui Graphite Co Ltd China Graphite Group Limited Leading Edge Materials Corp SGL Carbon SE Ceylon Graphite Corp Imerys SA Graphite Central Nanjing GRF Carbon Material Co Ltd. By Graphite Market By Type Natural Synthetic By Form Powder Flake Granules Electrode By Application Batteries Lubricants Refractories Friction Products Electrodes Global Graphite Market Growth Driven by Rising Demand in Key Industries The global graphite market is witnessing substantial growth, fueled by increasing demand across multiple industries, including batteries, steel production, electronics, and automotive. As a crucial material in lithium-ion batteries, graphite plays a vital role in the expanding electric vehicle (EV) sector, further driving ...
Read more

Europe Voice Biometrics Market Size, Share, Comprehensive Analysis, Opportunity Assessment by 2028

According to Business Market Insights’ research, the  Europe Voice Biometrics Market  was valued at US$ 436.45 million in 2022 and is expected to reach US$ 1,357.50 million by 2028, registering an annual growth rate of 20.8% from 2022 to 2028. The growing demand for voice authentication in mobile banking applications and rising emergence of artificial intelligence in voice biometrics are the critical factors attributed to the market expansion. Download Sample PDF Copy:  https://www.businessmarketinsights.com/sample/BMIRE00025745 . The List of Companies - Europe Voice Biometrics Market Aculab Auraya, Inc. Aware Inc NICE Ltd Nuance Communications, Inc Phonexia Pindrop SESTEK Verint Systems, Inc Whispeak AI-driven speech biometrics technology ensures secure authentication by analyzing a user’s unique voice in real-time during natural language interactions. Unlike traditional authentication methods that rely on static data, this approach makes it extremely difficult...
Read more