North America Telemedicine Market - Global Drivers, Opportunities, Trends, and Forecasts to 2028

 

Market Introduction

The North America Telemedicine market is divided into the US, Canada, and Mexico. North America captured the most significant share in the global market. North America Telemedicine Market The growth of the market is driven by factors such as rising adoption of Telemedicine in the US, rising public health awareness, increasing strategic activities by the government, and presence of leading players. In the United States, 76% of hospitals connect with patients using some form of telemedicine. With increasing need for a multidisciplinary approach to care and patient-provider partnerships, telemedicine has helped strengthen connections between patients, health care providers, and other stakeholders. North America Telemedicine Market In the face of the COVID-19 pandemic, the relevance of telemedicine has become even more acute. Use of telemedicine has been rapidly promoted, and laws on its coverage are rapidly changing. Though the use of telemedicine in the U.S. has been minimal prior to COVID-19, interest in and implementation of telemedicine has expanded rapidly during the crisis, as policymakers, insurers and health systems have looked for ways to deliver care to patients in their homes to limit transmission of the novel coronavirus.

North America Telemedicine Market With growing demand for telemedicine, several changes have been made to telehealth policy, coverage and implementation, in order to make telemedicine more widely accessible during this state of emergency.  Many states in the US are also mandating fully insured private plans to cover and reimburse for telemedicine services equally. Meanwhile, many commercial insurers have voluntarily addressed telemedicine in their response to COVID-19, focusing on reducing or eliminating cost sharing, broadening coverage of telemedicine and expanding in-network telemedicine providers. Health systems have rapidly adapted to implement new telehealth programs or ramp up existing ones.

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North America Telemedicine Market The COVID-19 pandemic has resulted in a significant increase in the reliance on telemedicine and telehealth for the provision of health care services. COVID-19 has caused a massive acceleration in the use of telehealth. Consumer adoption has skyrocketed, from 11 percent of US consumers using telehealth in 2019 to 46 percent of consumers now using telehealth to replace canceled healthcare visits. For instance, according to a report published by the US National Library of Medicine, National Institutes of Health in November 2020, "as Coronavirus continues to spread, many hospitals and physician practices have transitioned to telemedicine to conduct nonessential appointments.

North America Telemedicine Market A study of NYU Langone Health trends (New York, NY, USA) showed a decline of 80% in in-person visits and a 683% increase in telemedicine visits between March 2 and April 14, 2020. As the number of COVID-19–infected patients increase, North America Telemedicine Market using computers and tablets for telemedicine can also reduce staff exposure in ambulances and hospitals. It is expected that demand for these services will increase dramatically in the US over the next few months, with shares of one telehealth provider, Teladoc Health Inc., increasing almost 50% since the start of 2020. North America Telemedicine Market Hospitals and health systems are already encouraging people with suspected COVID-19 symptoms to use telehealth services to limit people's flow to already crowded emergency rooms and doctor surgeries. North America Telemedicine Market Therefore, the growing demand for telemedicine during COVID-19 in North America is likely to boost the growth of the telemedicine market.     

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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

 

North America Telemedicine Market

Introduction to Telemedicine

Telemedicine refers to the use of digital technologies such as communication devices, mobile applications, and software platforms to deliver healthcare services remotely. It involves the diagnosis, consultation, monitoring, and treatment of patients without the need for physical presence. This technology has grown significantly in recent years, fueled by advancements in digital health tools, improvements in broadband internet access, and the increasing demand for healthcare services. The North American telemedicine market has experienced a rapid expansion, especially with the increasing demand for convenient healthcare services, particularly in the wake of the COVID-19 pandemic. The integration of telemedicine into mainstream healthcare systems is not just a trend but is becoming an essential part of the healthcare ecosystem in North America.

Market Overview

The North American telemedicine market includes the United States and Canada and is one of the largest and most developed markets for telemedicine globally. With technological advancements and increasing healthcare costs, telemedicine solutions have gained widespread acceptance and adoption. Factors such as the growing geriatric population, rising prevalence of chronic diseases, cost-effectiveness, and increased demand for convenient healthcare options have propelled the growth of the market. According to market research, the North American telemedicine market is projected to continue expanding at a significant rate over the coming years.

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