U.S. Telemedicine Market Size By Service (Tele-consulting, Tele-monitoring, Tele-education/training), By Type (Telehospital {Integrated Delivery Network, Academic Medical Centers, Large Independent Hospitals, Medium Independent Hospitals, Small Hospitals}

U.S. Telemedicine Market Size By Service (Tele-consulting, Tele-monitoring, Tele-education/training), By Type (Telehospital {Integrated Delivery Network, Academic Medical Centers, Large Independent Hospitals, Medium Independent Hospitals, Small Hospitals}, Telehome), By Specialty (Cardiology, Gynecology, Neurology, Orthopedics, Dermatology, Mental Health, Critical Care, Neonatology), By Component (Hardware, Software, Services), By Delivery Mode (Web/Mobile {Telephonic, Visualized}, Call Centers), COVID-19 Impact Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2023 - 2032

U.S. Telemedicine Market is poised to grow at a significant rate through 2032, owing to the technological advancements around internet and mobile phones. Besides, there is an increasing investment by venture capitalists in this field, owing to the excellent return-on-investments and massive growth opportunities, which will also add impetus to the market.

In addition, favorable government initiatives are also contributing to the market growth. To cite an instance, in December 2022, Planned Parenthood, which is an affiliate of the U.S. reproductive health department, announced introducing teleconference facilities at one of its clinics in Kansas City, along with the assistance of off-site doctors to help patients seeking medical abortions.

Overall, the U.S. telemedicine market has been divided in terms of service, type, specialty, component, and delivery mode.

On the basis of service, the tele-monitoring system will grow significantly between 2023 and 2032, as tele-monitoring systems can examine various illnesses such as cardiopulmonary disease, asthma, and heart failure. Building on the aforesaid, studies have proven that telemonitoring can be effective in the treatment of heart diseases. For instance, in December 2021, research published in in the Annals of Palliative Medicine concluded that in the context of health care for patients suffering from cardiovascular disorders, the intervention of telemedicine has proven to be helpful.

In terms of specialty, the U.S. telemedicine market is likely to be characterized by the neurology segment, which will grow at more than 13% CAGR between 2023 and 2032. Telemedicine has a wide range of applications and is used for treating dementia, epilepsy, neuropathology, and tremors, which will fuel the market expansion. Besides, the segment gained significant traction during Covid-19 pandemic, where neurologists used telemedicine to treat their patients. Studies depict that video links and telephones have been used to treat patients suffering from amyotrophic lateral sclerosis and Parkinson's disease.

In the context of the component, the hardware segment accounted for more than USD 5.3 billion in 2022 and will grow steadily between 2023 and 2032. The segmental growth will be attributed to the increasing use of devices such as digital cameras, telemedicine carts, and laptops.

Based on the delivery mode, the web/mobile segment will witness robust growth within the next ten years, owing to the growing demand for fast-speed internet and rising investment in telecommunication infrastructure. According a reliable source, with more than 307 million internet users, the U.S.A ranks third and is among the third largest online market in the world. Such trends are poised to push the product demand in the future.