The U.S. DTC telehealth services market is expected to reach
USD 16.4 billion by 2025, according to a new report by Grand View Research,
Inc.
The U.S. DTC telehealth
services market is expected to foresee a rapid rise in the next few years. Some
of the key factors supporting this industry’s growth are a rise in aged and
chronically ill population that would lead to increasing geriatric telehealth
services, enhancement of telecommunication technology, adoption of telehealth
services due to shortage of physicians in rural areas, and rise in adoption of
home care. However, maintaining the doctor-patient confidentiality caused a
slight barrier to the growth of this industry. Moreover, the lack of
reimbursement opportunities continues to remain an obstacle, hindering the growth
of the market during the forecast period.
The U.S. DTC telehealth
services market is characterized into two categories, product type and delivery
mode. The product segment is further segmented into remote monitoring, real
time interactions, and store and forward. The remote monitoring telehealth
services are estimated to account for the largest revenue growth in 2016.The
delivery mode segment is categorized into web-based, cloud-based, and on
premise, of which the cloud-based delivery mode is anticipated to witness the
highest growth during the period of 2016 to 2025.
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Further key findings
from the study suggest:
·
Real time
interactions in the U.S. telehealth service market are anticipated to develop
rapidly in the near future. This market is expected to grow at the highest CAGR
of more than 50% during the forecast period. Real time interactions like
virtual consultations are deemed to be more convenient and fast, translating to
increased public demand. In addition, the shortage of healthcare specialists in
rural areas is likely to escalate the demand for virtual online clinics during
the review period.
·
The revenues from
the web-based delivery mode in the U.S. telehealth service market is estimated
to skyrocket in 2016. The web-based delivery mode is anticipated to grow at a
healthy rate in the future. The increasing demand for mobile technologies and
the internet is expected to have a high impact on public over the forecast
period.
·
Some of the key
players in this industry include American Well Corporation, Teladoc, Inc.,
Specialists On Call, HealthTap, Inc., and MeMD. Almost all the key players
enhanced their growth by expanding their network accessibility across most of
the states in the U.S. For example, MeMD, which was founded in 2010 has managed
to expand its base with around 300 healthcare providers in 50 states in the
U.S.by 2015.
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About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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Grand View Research, Inc.
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Email: sales@grandviewresearch.com
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