North American $9.49 Bn Telehealth/Telemedicine Market Forecast To 2024 - ResearchAndMarkets.com

The "North American Telehealth/Telemedicine Market By Component (Service, Software, Device), Delivery (On-Site, Cloud), Application (Radiology, Cardiology, Primary/Urgent Care, ICU, Mental Health), End User (Physician, Payor, Patient) - Forecast To 2024" report has been added to ResearchAndMarkets.com's offering.

North American telehealth market is expected to reach $9,496.6 million by 2024, at a CAGR of 24.3% during the forecast period (2018-2024)

Increasing awareness about the benefits of telemedicine, a shortage of healthcare professionals, favorable government initiatives and reforms/policies supporting digital health, as well as a growing focus on value-based care are driving the market growth. However, a lack of telehealth standards may hinder the market growth.

Telehealth services segment accounted for the largest share of the North American telehealth market, primarily attributed to the increasing adoption of remote monitoring solutions by patients in remote rural areas, technological advancements in telecommunications, and introduction of ACA and similar legislations supporting the adoption of telehealth in the U.S. The software segment, on the other hand, is an integral part of telehealth solutions and works as an interface between the database and end users. Owing to this, the software segment is expected to witness the highest growth in the forecast period.

In addition, the report further gives an extensive outlook on various end users of telehealth such as healthcare providers, payers, and patients. These end user segments further briefly discuss about the factors impacting their growth. Apart from end users, the report provides insights on adoption of various deployment models, components, and applications of telehealth.

Scope of the report

Market by Component:

Services