According to the research report titled ‘U.S. Telemedicine Market Share, Size, Trends, Industry Analysis Report By Component; By Application, By End User; Segment Forecast, 2020 – 2027’ available with Market Study Report, U.S. telemedicine market valuation is predicted to account for USD 25.88 billion by the year 2027.
 

Emergence of innovative healthcare devices, rising investments in the IoHT (Internet of Healthcare Things), and increasing efforts of leading companies towards streamlining their provider onboarding processes are augmenting the growth of U.S. telemedicine market size.
 

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Rising number of Coronavirus cases along with escalating demand for virtual connections between the doctors and the patients amidst the surging COVID-19 pandemic have impelled the adoption of telemedicine services, which in turn is further fueling the industry expansion in the U.S.
 

Moreover, the ability to provide immediate access to communication between patient and healthcare professionals, favorable government initiatives towards the development of the healthcare infrastructure, and accelerated approvals by regulatory agencies are stimulating the U.S. telemedicine market outlook.
 

Based on component, U.S. telemedicine industry is split into software & services and hardware segments. With regards to mode of delivery, the market is divided into telehealth portals & kiosks, virtual, and mobile health applications.
 

The application spectrum of the market comprises of teleconsultation, teledermatology, tele-ICU, telestroke, telepsychiatry, and teleradiology. Moving on to end-user terrain, the industry is bifurcated into patients, payers, and providers segments.
 

The companies that outline the U.S. telemedicine industry trends are Koninklijke DSM N.V., Asahi Kasei Corporation, Siemens AG, Medtronic plc, Advanced Monitored Caregiving Inc. (AMC Health), Medvivo Group Ltd., Teladoc Health Inc., American Well Corporation, Iron Bow Technologies LLC, GE Healthcare, OBS Medical Ltd., McKesson Corporation, InTouch Technologies Inc., Honeywell International Inc., Cisco Systems Inc., Cerner Corporation, BioTelemetry Inc., AMD Global Telemedicine Inc., and Allscripts Healthcare Solutions Inc.