Press release
Meticulous Research® Forecasts Remarkable Growth: North America Telehealth Market Set to Surpass $273.29 Billion by 2030
Elevating Healthcare Delivery:
Telehealth, also referred to as telemedicine, revolutionizes healthcare delivery by enabling remote access to medical services, consultations, and examinations. This innovative approach empowers healthcare professionals to diagnose, treat, and monitor patients remotely, eliminating the need for in-person visits. Telehealth solutions leverage personal devices or dedicated kiosks, offering unparalleled convenience and accessibility, particularly in rural areas.
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Driving Factors:
The North America Telehealth Market is propelled by various factors, including the declining physician workforce, the aging population, the prevalence of chronic diseases, and heightened awareness of telehealth benefits. Additionally, the integration of Artificial Intelligence (AI) and virtual assistants, alongside the emergence of telerobots, present significant growth avenues for market players. Despite these favorable dynamics, concerns regarding data security and confidentiality pose challenges to market expansion.
Addressing Healthcare Disparities:
The closure of numerous rural hospitals underscores the pressing need for accessible healthcare solutions. AHA data reveals the closure of 136 rural hospitals between 2010 and 2021, with 19 closures occurring in 2020 alone. Factors such as low reimbursement rates, staffing shortages, and regulatory hurdles contribute to these closures, exacerbating healthcare disparities. Moreover, demographic shifts, including an aging population and physician shortages, further underscore the importance of telehealth in bridging healthcare gaps.
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Strategic Insights:
The report provides comprehensive insights into market dynamics, including component analysis, application trends, and strategic developments within the industry. Key market players profiled in the report include Aerotel Medical Systems, Cerner Corporation, Medtronic plc, Koninklijke Philips N.V., and American Well Corporation, among others.
Segmental Analysis:
The North America Telehealth Market is segmented based on components, applications, end users, and country-specific insights. Key segments include:
Component: Services, Hardware, Software
Application: Psychiatry, Radiology, Cardiology, Primary Care, Dermatology
End User: Healthcare Providers, Healthcare Payers, Consumers
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Future Outlook:
The U.S. is poised to emerge as the fastest-growing market within North America, driven by factors such as physician shortages, chronic disease prevalence, and government reforms. The country's aging population, projected to reach over 80 million by 2040, underscores the critical role of telehealth in ensuring access to quality healthcare.
Contact:
Meticulous Market Research Pvt Ltd
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
Phone: +9102066394988
CIN- U93000PN2013PTC149455
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.
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