A Look into U.S. Direct To Consumer Telehealth Services Industry……Deep Analysis…..



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.
Nationwide lockdown and fear of acquiring the viral Covid-19 infection are keeping the majority of the population indoors. This is making people turn to online doctors for advice even for mild symptoms. Additionally, the U.S. President’s authorization for an expansion of Medicare covering telehealth services is resulting in significantly high demand for the same. Such a high inflow of patients has left most service providers’ underprepared in terms of both access and capacity. We at GVR are constantly monitoring how these service providers are ramping up their capacity to overcome these challenges. Book a copy to keep up with this paradigm shift in the market dynamics.
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.
Some of the major players in this industry include American Well, Teladoc, Inc., CareClix, Doctor on Demand, MD Aligne, MDLIVE, Specialists on Call, and MeMD, among others. In an attempt to ensure sustainability and register significant growth, the companies adopted several strategies such as partnerships, geographic expansions, new product development, collaborations, and acquisitions. For instance, Teladoc acquired Arizona-based Stat Doctors in June 2015 for a deal of about USD 30.5 million. This move by Teladoc is assumed to expand its reach and increase its member base.
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https://www.grandviewresearch.com/industry-analysis/us-direct-consumer-telehealth-services-market-analysis/request/rs2
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. 
The U.S. direct to consumer telehealth services market size was estimated to be USD 0.3 billion in 2016. The market is expected to witness a huge growth in terms of revenue and users in the coming years. Concerns such as accessibility issues, shortage of healthcare providers, and increasing healthcare costs have triggered the adoption of telehealth over the traditional means.
The key drivers of the market include the rising demand for centralization of healthcare administration and enhanced quality and safety by telehealth applications. Furthermore, the increasing demand for mobile technologies and the internet by people and the rising adoption of home care by patients are expected to propel the growth over the forecast period.
However, factors such as unclear reimbursement structure and difficulty in maintaining the confidentiality of patient information, are likely to hinder the growth of the market during the forecast period. 
The U.S. direct to consumer market is categorized into product type and delivery mode. The product type service market is further segmented into remote monitoring, real-time interaction, and store-and-forward.
The remote monitoring segment held the majority of the market share in 2015 and is expected to witness a significant growth in the near future. The growing base of geriatric population in the U.S. is expected to be a key factor driving the remote monitoring through telehealth services demand. Real-time interaction segment is anticipated to be the fastest growing segment over the forecast period owing to the rising initiatives by the government for incorporation of telehealth projects across all states and passing of bills, which allow Physician-to-Physician (P2P) video conferencing.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/us-dtc-telehealth-services-market
Grand View Research has segmented the U.S. DTC telehealth services market on the basis of product and delivery mode:
U.S. DTC Telehealth Services Product Outlook (Revenue, USD Million, 2012 - 2025)
·         Remote Monitoring
·         Real Time Interactions
·         Store & Forward
·         Others
U.S. DTC Telehealth Services Delivery Mode Outlook (Revenue, USD Million, 2012 - 2025)
·         Web-based
·         Cloud-based
·         On Premise 
The key segments of the delivery mode market are web-based, cloud-based, and on premise delivery modes. The web-based delivery mode was estimated to lead the market in 2015 and it is expected to witness a promising growth rate over the forecast period. The cloud-based delivery mode is anticipated to be the fastest growing segment over the study period owing to the advantages such as easier usability, limited memory requirement, and possibility of using the system on any device. The rising investments by IT firms in cloud computing are expected to rise its demand in the near future.
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, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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