Top 10 Companies Shaping the Future of Telehealth
Added: (Mon Dec 04 2023)
Pressbox (Press Release) -
Press Release: The North America Telehealth Market on the Horizon - Anticipated CAGR of 22.8% to Reach $273.29 Billion by 2030
Redding, California, 04-12-2023 — The North America Telehealth Market is poised for remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 22.8% from 2023 to 2030, culminating in a valuation of $273.29 billion by 2030. This surge is attributed to the rapid evolution of telehealth fueled by technological advancements, including high-speed communication networks, improved storage mediums, enhanced security, advanced application development, mobile technology, cloud computing, and widespread digitization. Telehealth is swiftly becoming a pivotal component of the healthcare industry, offering a means for hospitals, physicians, payers, and employer groups to concurrently reduce costs and elevate the quality of care.
Key Market Players:
The North America Telehealth Market is set to undergo a remarkable transformation, projected to record a staggering Compound Annual Growth Rate (CAGR) of 22.8% from 2023 to 2030, reaching an impressive valuation of $273.29 billion by the end of the forecast period. This surge can be attributed to the rapid evolution of telehealth, propelled by advancements in technology across various fronts such as high-speed communication networks, improved storage mediums, enhanced security protocols, application development, mobile technology, cloud computing, and digitization.
The Telehealth Revolution
In recent years, telehealth has emerged as a critical component of the healthcare industry, presenting a game-changing opportunity for hospitals, physicians, payers, and employer groups. The ability to leverage telehealth not only facilitates a reduction in costs but also enhances the overall quality of patient care.
Top 10 Companies Paving the Way: https://meticulousblog.org/top-10-companies-in-north-america-telehealth-market/
1. AMD Global Telemedicine, Inc.
Founded in 1991 and headquartered in Massachusetts, U.S., AMD Global Telemedicine, Inc. has been a pioneer in providing clinical telemedicine equipment and technology. The company plays a crucial role in the entire patient encounter experience, offering carts/systems, specialized medical devices/equipment, and encounter management software. With a global reach, AMD has installed its telemedicine technology in over 9,000 locations across more than 98 countries.
2. American Well
Established in 2006 and based in Massachusetts, U.S., American Well stands as one of the leading providers of telemedicine services in the U.S. The company offers a comprehensive mobile and web service connecting doctors with patients for live, on-demand video visits. Notably, in April 2018, American Well bolstered its acute care capabilities by acquiring Avizia, a prominent hospital telehealth company.
3. Care Innovations, LLC
Founded in 2010 and headquartered in California, U.S., Care Innovations, LLC, a wholly-owned subsidiary of Intel Corporation, specializes in connecting the care continuum to the home. Their in-home management platform applications assist in managing medical conditions and supporting elderly patients. The company's products and solutions are deployed across healthcare organizations in the U.S.
4. Cerner Corporation
Operating since 1979, Cerner Corporation, headquartered in North Kansas City, Missouri, U.S., is a key player in building and providing intelligent solutions and services for the healthcare industry. The company, with a global presence, delivers technologies that connect people and systems, supporting the clinical, financial, and operational needs of organizations worldwide.
5. Cisco Systems, Inc.
Established in 1984 and headquartered in California, U.S., Cisco Systems, Inc. is a global player in developing, manufacturing, and selling Internet Protocol (IP) based networking hardware and telecommunications equipment. With a vast network of distributors and subsidiaries, the company's solutions are deployed across North America, Europe, Africa, Asia-Pacific, Greater China, Latin America, and the Middle East.
6. Doctor on Demand, Inc.
Founded in 2013 and based in California, U.S., Doctor on Demand, Inc. facilitates connections between patients and board-certified physicians for various medical, pediatric, and mental health conditions. The company's video telemedicine solutions cater to on-demand and scheduled visits with U.S.-licensed healthcare providers through smartphones, tablets, or computers.
7. Honeywell Life Care Solutions
In operation since 1999, Honeywell Life Care Solutions, headquartered in Wisconsin, U.S., develops and delivers digital health technologies. Specializing in solutions for remote patient monitoring from telehealth to telecare, the company's offerings include monitoring services, remote patient management applications, decision support, and evidence-based disease management.
8. InTouch Technologies, Inc.
Doing business as InTouch Health, InTouch Technologies, Inc., founded in 2002 and based in California, U.S., provides technology-enabled solutions to healthcare organizations for the virtual delivery of clinical care. The company's cloud-based network and virtual care solutions ensure connectivity for health systems, providers, and patients across the globe.
9. MDLIVE Inc.
Established in 2006 and headquartered in Florida, U.S., MDLIVE Inc. grants access to board-certified physicians and licensed therapists through a secure online video and phone network technology platform. The company's telemedicine services are designed to replace ER or urgent care visits for non-emergency issues.
10. Medtronic PLC
Founded in 1949 and headquartered in Minnesota, U.S., Medtronic PLC stands as a leading medical technology, services, and solutions provider globally. With a broad portfolio spanning cardiac rhythm disorders, cardiovascular disease, surgical care, respiratory and monitoring solutions, neurological disorders, and more, Medtronic added telehealth services to its offerings with the acquisition of telehealth firm Cardiocom in August 2013.
Honorable Mentions: Koninklijke Philips N.V., Polycom, Inc., Sherpaa, Siemens AG, SnapMD, Inc., Teladoc, Inc., Vidyo, Inc., and Zipnosis.
Here are the top 10 companies operating in North America Telehealth Market : https://meticulousblog.org/top-10-companies-in-north-america-telehealth-market/
For a more detailed analysis of each company, Meticulous Research®'s latest report provides comprehensive insights, including recent financial performance, key products, significant company strategies, and details on partnerships and acquisitions. The report offers a global market size estimate, market share analysis, revenue numbers, and coverage of key trends and issues shaping the North America Telehealth Market.
For further information, refer to Meticulous Research®'s authoritative report: "North America Telehealth Market – Opportunity Analysis and Industry Forecast (2018-2024)." Unlock the potential of the evolving telehealth landscape with a deeper understanding of the market dynamics.
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