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

Growing demand for healthcare devices, surging investments in IoHT, and the ongoing COVID-19 pandemic are some of the key factors driving the growth of U.S. telemedicine market. Improving cognizance regarding the benefits of telemedicine devices is also aiding towards the market expansion.
 

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It is worth mentioning that telemedicine has revolutionized healthcare sector in the United States. The system basically offers patients with immediate access to healthcare providers using specific devices. Increasing number of doctors joining telemedicine services and focus among leading companies to streamline provider onboarding processes are stimulating the overall industry outlook.
 

Favorable regulatory outlook is adding traction to U.S. telemedicine market size. Technological breakthroughs in this business domain have resulted in development of innovative product launches is also facilitating the overall business scenario.
 

In response to the mounting cases of COVID-19, the Centers for Disease Control and Prevention has urged healthcare providers to engage with patients using virtual means, which in turn is also fueling U.S. telemedicine market size.
 

The major companies operating in U.S. telemedicine market are Koninklijke DSM N.V., Asahi Kasei Corp., Siemens Healthineers AG, Medtronic plc, Advanced Monitored Caregiving Inc., Medvivo Group, Teladoc Health Inc., American Well Corporation, Iron Bow Technologies, 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. among others.