North America Telehealth / Telemedicine Market By Component (Service, Software, Device), Delivery (On Premise, Cloud), Application (Radiology, Cardiology, Primary/Urgent Care, ICU, Mental Health), End User (Physician, Payor, Patient) – Forecast To 2024

  • Report ID:MRHC - 104128
  • Pages: 148
  • Nov 2018
  • Formats*: PDF
  • Category: Healthcare
1 Introduction

1.1. Market Ecosystem

1.2. Currency and Limitations

1.2.1. Currency

1.2.2. Limitations

1.3. Key Stakeholders

2 Research Methodology

2.1. Research Process

2.1.1. Secondary Research

2.1.2. Primary Research

2.1.3. Market Size Estimation

3 Executive Summary

4 Market Insights

4.1. Introduction

4.2. Drivers

4.2.1. Improving Health IT Infrastructure

4.2.2. Aging Population & Rising Prevalence of Chronic Diseases

4.2.3. Increasing Awareness about Benefits of Telemedicine

4.2.4. Favorable Government Initiatives & Reforms/Policies

4.2.5. Shortage of Healthcare Professionals

4.3. Restraints

4.3.1. Lack of Adequate Reimbursement

4.3.2. Lack of Telehealth Standards

4.4. Opportunity

4.4.1. Emerging Mobile Health Technology

4.5. Challenges

4.5.1. Reluctance to Migrate From Conventional Systems

4.5.2. Data Security and Privacy Issues

5 North America Telehealth Market, by Component

5.1. Introduction

5.2. Services

5.2.1. Remote Monitoring

5.2.2. Real-Time Interactions

5.2.3. Store-And-Forward Consultations

5.3. Software

5.3.1. Integrated Software

5.3.2. Standalone Software

5.4. Hardware

5.4.1. Monitors

5.4.2. Medical Peripheral Devices

5.4.2.1. Blood Pressure Monitors

5.4.2.2. Blood Glucose Monitors

5.4.2.3. Weighing Scales

5.4.2.4. Pulse Oximeters

5.4.2.5. Peak Flow Meters

5.4.2.6. ECG Monitors

5.4.2.7. Other Devices

6 North America Telehealth Market, by Deployment Model

6.1. Introduction

6.2. Web & Cloud-Based

6.3. On-Premises

7 North America Telehealth Market, by Application

7.1. Introduction

7.1.1. Radiology

7.1.2. Cardiac Monitoring

7.1.3. Primary/Urgent Care

7.1.4. Neurophysiological Monitoring

7.1.5. Remote ICU

7.1.6. Mental Health

7.1.7. Other

8 North America Telehealth Market, by End-User

8.1. Introduction

8.2. Healthcare Providers

8.3. Healthcare Payers

8.4. Patients

8.5. Other End Users

9 North America Telehealth Market, by Geography

9.1. Introduction

9.2. North America

9.2.1. U.S.

9.2.2. Canada

10 Competitive Landscape

10.1. Introduction

10.1.1. Partnerships, Agreements & Collaborations

10.1.2. New Product & Service Launches, Upgradations & Enhancements

10.1.3. Mergers & Acquisitions

10.2. Market Share Analysis

11 Company Profiles (Business Overview, Financial Overview, Product/Services Portfolio, Strategic Developments)

11.1. AMD Global Telemedicine, Inc.

11.2. American Well

11.3. Care Innovations, Llc. (Intel Corporation)

11.4. Cerner Corporation

11.5. Cisco Systems, Inc.

11.6. Doctor on Demand, Inc.

11.7. Honeywell Life Care Solutions

11.8. Intouch Technologies, Inc.

11.9. Mdlive Inc.

11.10. Medtronic Plc

11.11. Philips Healthcare (Koninklijke Philips N.V.)

11.12. Polycom, Inc. (Plantronics, Inc.)

11.13. Sherpaa

11.14. Siemens Healthineers

11.15. Snapmd, Inc.

11.16. Teladoc, Inc.

11.17. Vidyo, Inc.

11.18. Zipnosis

12 Appendix

12.1. Questionnaire

List of Tables

Table 1 North America Telehealth Market Drivers: Impact Analysis (2018-2024)
Table 2 North America Telehealth Market: Impact Analysis of Market Restraints (2018ð2024)
Table 3 Telemedicine Reimbursement Mandate in the U.S.
Table 4 North America Telehealth Market Size, by Component, 2016-2024 ($Million)
Table 5 North America Telehealth Services Market Size, by Type, 2016-2024 ($Million)
Table 6 North America Telehealth Services Market Size, by Country, 2016-2024 ($Million)
Table 7 North America Telehealth Remote Monitoring Services Market Size, by Country, 2016-2024 ($Million)
Table 8 North America Telehealth Real Time Interactions Market Size, by Country, 2016-2024 ($Million)
Table 9 North America Telehealth Store-And-Forward Consultations Market Size, by Country, 2016-2024 ($Million)
Table 10 North America Telehealth Software Market Size, by Type, 2016-2024 ($Million)
Table 11 North America Telehealth Software Market Size, by Country, 2016-2024 ($Million)
Table 12 North America Integrated Telehealth Software Market Size, by Country, 2016-2024 ($Million)
Table 13 North America Stand-Alone Telehealth Software Market Size, by Country, 2016-2024 ($Million)
Table 14 North America Telehealth Hardware Market Size, by Type, 2016-2024 ($Million)
Table 15 North America Telehealth Hardware Market Size, by Country, 2016-2024 ($Million)
Table 16 North America Telehealth Monitors Market Size, by Country, 2016-2024 ($Million)
Table 17 North America Medical Peripheral Devices Market Size, by Type, 2016-2024 ($Million)
Table 18 North America Medical Peripheral Devices Market Size, by Country, 2016-2024 ($Million)
Table 19 North America Blood Pressure Monitors Market Size, by Country, 2016-2024 ($Million)
Table 20 North America Blood Glucose Monitors Market Size, by Country, 2016-2024 ($Million)
Table 21 North America Weighing Scales Market Size, by Country, 2016-2024 ($Million)
Table 22 North America Pulse Oximeters Market Size, by Country, 2016-2024 ($Million)
Table 23 North America Peak Flow Meters Market Size, by Country, 2016-2024 ($Million)
Table 24 North America ECG Monitors Market Size, by Country, 2016-2024 ($Million)
Table 25 North America Telehealth Market Size for Other Devices, by Country, 2016-2024 ($Million)
Table 26 North America Telehealth Market Size, by Deployment Model, 2016-2024 ($Million)
Table 27 North America Web & Cloud-Based Telehealth Market Size, by Country, 2016-2024 ($Million)
Table 28 North America On-Premise Telehealth Market Size, by Country, 2016-2024 ($Million)
Table 29 North America Telehealth Market Size, by Application, 2016-2024 ($Million)
Table 30 North America Telehealth Market Size for Radiology, by Country, 2016-2024 ($Million)
Table 31 North America Telehealth Market Size for Cardiac Monitoring, by Country, 2016-2024 ($Million)
Table 32 North America Telehealth Market Size for Primary/Urgent Care, by Country, 2016-2024 ($Million)
Table 33 North America Telehealth Market Size for Neurophysiological Monitoring, by Country, 2016-2024 ($Million)
Table 34 North America Telehealth Market Size for Remote Icu, by Country, 2016-2024 ($Million)
Table 35 North America Telehealth Market Size for Mental Health, by Country, 2016-2024 ($Million)
Table 36 North America Telehealth Market Size for Other Applications, by Country, 2016-2024 ($Million)
Table 37 North America Telehealth Market, by End User, 2016-2024 ($Million)
Table 38 North America Telehealth Market Size for Healthcare Providers, by Country, 2016-2024 ($Million)
Table 39 NA Telehealth Market Size for Healthcare Payers, by Country, 2016-2024 ($Million)
Table 40 NA Telehealth Market Size for Patients, by Country, 2016-2024 ($Million)
Table 41 NA Telehealth Market Size for Other End Users, by Country, 2016-2024 ($Million)
Table 42 NA Telehealth Market Size, by Country, 2016-2024 ($Million)
Table 43 North America: Market Size, by Country, 2016-2024 ($Million)
Table 44 North America: Market Size, by Component, 2016-2024 ($Million)
Table 45 North America: Market Size, by Service Type, 2016-2024 ($Million)
Table 46 North America: Market Size, by Software Type, 2016-2024 ($Million)
Table 47 North America: Market Size, by Hardware, 2016-2024 ($Million)
Table 48 North America: Market Size, by Medical Peripheral Devices, 2016-2024 ($Million)
Table 49 North America: Market Size, by Deployment Model, 2016-2024 ($Million)
Table 50 North America: Market Size, by Application, 2016-2024 ($Million)
Table 51 North America: Market Size, by End User, 2016-2024 ($Million)
Table 52 Telehealth Market: Recent Workshops & Conferences in the U.S.
Table 53 U.S.: Telehealth Market Size, by Component, 2016-2024 ($Million)
Table 54 U.S.: Market Size, by Service Type, 2016-2024 ($Million)
Table 55 U.S.: Market Size, by Software Type, 2016-2024 ($Million)
Table 56 U.S.: Market Size, by Hardware, 2016-2024 ($Million)
Table 57 U.S.: Market Size, by Medical Peripheral Devices, 2016-2024 ($Million)
Table 58 U.S.: Market Size, by Deployment Model, 2016-2024 ($Million)
Table 59 U.S.: Market Size, by Application, 2016-2024 ($Million)
Table 60 U.S.: Market Size, by End User, 2016-2024 ($Million)
Table 61 Canada: Telehealth Market Size, by Component, 2016-2024 ($Million)
Table 62 Canada: Market Size, by Service Type, 2016-2024 ($Million)
Table 63 Canada: Market Size, by Software Type, 2016-2024 ($Million)
Table 64 Canada: Market Size, by Hardware, 2016-2024 ($Million)
Table 65 Canada: Market Size, by Medical Peripheral Devices, 2016-2024 ($Million)
Table 66 Canada: Market Size, by Deployment Model, 2016-2024 ($Million)
Table 67 Canada: Market Size, by Application, 2016-2024 ($Million)
Table 68 Canada: Market Size, by End User, 2016-2024 ($Million)
Table 69 Number of Developments by the Major Players during 2015-2018
Table 70 Partnerships, Agreements and Collaborations
Table 71 New Product & Service Launches, Upgradations & Enhancements
Table 72 Mergers & Acquisitions

List of Figures

Figure 1 Key Players in the North America Telehealth Market
Figure 2 Research Process
Figure 3 Key Executives Interviewed
Figure 4 Primary Research Techniques
Figure 5 Key Adopters
Figure 6 Key Opportunities
Figure 7 Scope: North America Telehealth Market
Figure 8 North America Telehealth Market, by Component
Figure 9 North America Telehealth Market, by Deployment Model
Figure 10 North America Telehealth Market, by Application
Figure 11 North America Telehealth Market, by End User
Figure 12 North America Telehealth Market, by Geography
Figure 13 North America Telehealth Market: Competitive Landscape
Figure 14 Market Dynamics: North America Telehealth Market
Figure 15 Percentage of Elderly Population across the Globe
Figure 16 Increasing Number of People with Chronic Conditions in the U.S.
Figure 17 Percentage of Hospitals Using Computerized Telehealth Systems in the U.S., 2014-2016
Figure 18 North America Telehealth Market Size, by Component, 2018-2024 ($Million)
Figure 19 North America Telehealth Market Size, by Deployment Model, 2018-2024 ($Million)
Figure 20 North America Telehealth Market Size, by Application, 2018-2024 ($Million)
Figure 21 North America Telehealth Market, by End User, 2018-2024 ($Million)
Figure 22 North America Telehealth Market Size, by Country, 2018-2024 ($Million)
Figure 23 Geriatric Population in the U.S., 2015-2050
Figure 24 Growth Strategies Adopted By Key Players, 2015-2018
Figure 25 Partnerships, Agreements & Collaborations, by Leading Players, 2015-2018
Figure 26 New Product & Service Launches, Upgradations & Enhancements, by Leading Players, 2015-2018
Figure 27 Mergers & Acquisitions, by Leading Players, 2015-2018
Figure 28 U.S. Telehealth Services Market Share, by Key Players, 2016
Figure 29 Intel Corporation: Financial Overview (2015-2017)
Figure 30 Cerner Corporation: Financial Overview (2015-2017)
Figure 31 Cisco Systems, Inc.: Financial Overview (2015-2017)
Figure 32 Medtronic Plc: Financial Overview (2015-2017)
Figure 33 Koninklijke Philips N.V.: Financial Overview (2015-2017)
Figure 34 Plantronics, Inc.: Financial Overview (2015-2017)
Figure 35 Siemens Ag: Financial Overview (2015-2017)
Figure 36 Teladoc, Inc.: Financial Overview (2015-2017)


The North America Telehealth market worth $9,496.6 million by 2024, at a CAGR of 24.3% from 2018

Chronic diseases have significant health and economic costs in the U.S. According to the Centers for Disease Control and Prevention (CDC), chronic and mental health conditions accounts for approximately 90% of the $3.3 trillion annual health care expenditures in the U.S. It is estimated that by 2025, chronic diseases will affect an estimated 164 million Americans – nearly 50% of the population. The burden of chronic diseases is rapidly increasing and many individuals with chronic conditions are elderly, and therefore have mobility limitations. Moreover, people with multiple chronic conditions typically require frequent visits to physicians. Telehealth promises to bridge the gap in chronic disease management. Telemedicine can ensure easy access to care for such population and enable both patients and providers in treatment plan management, medication management, and long-term chronic care management; thereby reducing avoidable healthcare costs.

Several organizations work in parallel with the Canadian government to increase the adoption of healthcare IT solutions across the country. Canada Health Infoway (CHI), an independent, federally funded, not-for-profit organization aims to accelerate the development, adoption and effective use of digital health and healthcare IT solutions across Canada. In 2017 budget, the federal government extended its commitment to improve the health of Canadians through digital health innovation by announcing around $300 million investment in Canada Health Infoway. Moreover, significant advances in telecommunication and growing focus on affordable healthcare are expected to drive the market demand for telehealth.

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Key Findings in the North America Telehealth Market Study:

Services dominate the telehealth market while software is expected to register highest growth

The 2016, E-health and Telemedicine report by the U.S. Department of Health and Human Services, revealed that 59 million Americans are living in Health Professional Shortage Area (HPSAs)-rural and urban areas with shortage of primary care providers. Telehealth services can ease physician shortages and efficiently improve access to healthcare for people living in remote/rural areas. In addition to improved access to care, telemedicine can improve health outcomes and patient satisfaction. Thus, services currently dominates the North America telehealth market and will fuel gains in light of demand for easy healthcare access by the patients especially located in remote areas, rising prevalence of geriatric population and chronic diseases requiring long-term care, and growing adoption of remote monitoring solutions. The software segment is projected to grow at a higher CAGR as compared to hardware and services segments owing to growing demand for integrated software.

Web & cloud-based telehealth solutions witness significant demand

Web & cloud-based telehealth solutions are expected to continue its dominance over on-premise models. This is supported by the benefits offered by this model such as storage flexibility, anywhere accessibility, cost-effectiveness, easy scalability, disaster recovery, and automated software upgradations.

Teleradiology is widely adopted; whereas, telemental health is expected to witness fastest growth

Radiology and cardiology are the two leading applications of telehealth, which together represented two-thirds of demand in 2017, and will continue to have the greatest impact on gains through 2024. However, rising prevalence of mental illness and severe shortage of mental health professionals is pushing healthcare stakeholders to look for alternative behavioural health care models such as telehealth technology.

The U.S. comprise significant market share in the North America telehealth market

Geographically, the U.S. commanded the largest share of the North America telehealth market in 2017 and is also expected to witness fastest growth (2018-2024). This is primarily attributed to shift from fee-for-service to value-based models, rising burden of chronic diseases and shortage of healthcare professionals, well-established digital communication, growing focus on digital health, improving reimbursement policies and coverage of telehealth across states, and presence of large number of telehealth solutions providers in the region.

Key players analysed in this report

The competitive landscape is based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4 years (2015-2018). The key players operating in the North America telehealth market are AMD Global Telemedicine, Inc., American Well, Care Innovations, LLC (Intel Corporation), Cerner Corporation, Cisco Systems, Inc., Doctor On Demand, Honeywell Life Care Solutions, InTouch Health, MDLIVE Inc., Medtronic PLC, Philips Healthcare, Sherpaa Health, Siemens Healthineers, SnapMD, Inc. Teladoc, Inc., Vidyo, Inc., Iris Telehealth, Zipnosis, BioTelemetry, Inc., Welch Allyn, Inc., and CareClix among others.

Scope of the report

Market by Component

  • Services
    • Remote Monitoring
    • Real-time Interactions
    • Store-and-forward Consultations
  • Software
    • Integrated Software
    • Standalone Software
  • Hardware
    • Monitors
    • Medical Peripheral Devices
      • Blood Pressure Monitors
      • Blood Glucose Monitors
      • Weighing Scales
      • Pulse Oximeters
      • Peak Flow Meters
      • ECG Monitors
      • Other Devices

Market by Deployment Model

  • Web & Cloud-based
  • On-premises

Market by Application

  • Radiology
  • Cardiac Monitoring
  • Primary/Urgent Care
  • Neurophysiological Monitoring
  • Remote ICU
  • Mental Health
  • Other

Market by End User

  • Healthcare Providers
  • Healthcare Payers
  • Patients
  • Others

Market by Geography

  • North America
  • U.S.
  • Canada

Key questions answered in the report

Increasing use of web & cloud-based deployment model help to increase adoption of North American telehealth market.

  • How is the penetration of web & cloud-based solutions?
  • What impact does this have on the adoption of on-premise telehealth solutions?
  • Which are the high growth market segments in terms of component, deployment model, application, end-user, and countries? 

Telehealth Services segment account for a relatively large proportion of North American telehealth solutions

  • What factors contribute to the frequent usage of services in North American telehealth market?
  • Conversely, which geographic segment is expected to experience the fastest growth in North American telehealth services market?

The North American telehealth market favors both larger and local players that compete in multiple segments

  • Who are the top competitors in this market and what strategies do they employ to gain shares?
  • Which segments of the North American telehealth market are expected to offer lucrative revenue growth over the forecast period and why?
  • What strategies should the new companies focus to enter this market and to compete effectively?
  • What are the major drivers, restraints, opportunities, and challenges in the North American telehealth market?
  • Who are the major players in various countries and what share of the market do they hold in the North American market?
  • What are the geographic trends and high growth countries?

Recent partnerships, acquisitions, new product launches, and expansions that have taken place in the North American telehealth market

  • What companies have recently merged/acquired and how will these unions affect the competitive landscape of the North American telehealth space?
  • What companies have created partnerships and how will these partnerships promote a competitive advantage?
  • Who are the major players in the North American telehealth market and what share of the market do they hold?
  • Who are the local emerging players in the North American telehealth market and how do they compete with the global players?
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