U.S. Telehealth Market Size & Outlook, 2023-2030
U.S. telehealth market, 2018-2030 (US$M)
Related Markets
U.S. telehealth market highlights
- The U.S. telehealth market generated a revenue of USD 35,363.6 million in 2023 and is expected to reach USD 150,131.3 million by 2030.
- The U.S. market is expected to grow at a CAGR of 22.9% from 2024 to 2030.
- In terms of segment, services was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
Telehealth market data book summary
| Market revenue in 2023 | USD 35,363.6 million |
| Market revenue in 2030 | USD 150,131.3 million |
| Growth rate | 22.9% (CAGR from 2023 to 2030) |
| Largest segment | Services |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Oracle Corp, Siemens Healthineers AG ADR, Medtronic PLC, Teladoc Health Inc, American Well Corp Ordinary Shares - Class A, Evernorth, Doctor On Demand, Global Med Technologies |
Other key industry trends
- In terms of revenue, U.S. accounted for 35.0% of the global telehealth market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. telehealth market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 150,131.3 million by 2030.
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Telehealth Market Scope
Telehealth Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. telehealth market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to telehealth market will help companies and investors design strategic landscapes.
Services was the largest segment with a revenue share of 47.39% in 2023. Horizon Databook has segmented the U.S. telehealth market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. leads in digitalization of healthcare in North American region owing to advanced healthcare management and innovative software development as well as presence of a large number of players operating across segments, such as mobile & network operations.
Reports suggest that around 82% of the population aged between 18 and 49 years uses smartphones, through which they can access any available digital health technology. In addition, 15% of the population now owns a mobile phone connected to a smart wearable device.
Growing awareness about the available digital health solutions, such as telehealth and mHealth, is driving the adoption rate in the U.S. Rise in younger population that has higher awareness & inclination toward health-related issues and growth in disposable income can be attributed to the high market share.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. telehealth market , including forecasts for subscribers. This country databook contains high-level insights into U.S. telehealth market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. telehealth market size, by product, 2018-2030 (US$M)
U.S. Telehealth Market Outlook Share, 2023 & 2030 (US$M)
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