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US Telehealth Virtual Visits Market 

US Telehealth Virtual Visits Market 

  • May 2016
  • 161 pages
  • ID: 3827269
  • Format: PDF
  • Frost & Sullivan

Summary

Table of Contents

US Telehealth Virtual Visits Market : Services for the 21st Century House Call

This Frost & Sullivan research service presents a comprehensive analysis of the market potential and dynamics of telehealth virtual visits in the United States. It describes emerging technologies in the telehealth services market and analyses the factors driving the need to deploy virtual or video telehealth solutions across a variety of settings. It examines the business models in the market and also offers a demand analysis of telehealth virtual visits. The research indicates that increasingly, consumers will take advantage of virtual telehealth by using devices they already own, such as smartphones, tablets, or computers. Based on these factors, the usage of virtual telehealth services is likely to soar over the next five years.

Key Findings

-There are a growing number of telehealth virtual visits services currently visible in the market. The early market leaders are Teladoc, American Well, MDLive, and Doctor on Demand. In addition, there are dozens of additional services offering telehealth virtual visits and the number is growing.

• The telehealth virtual visit service providers can operate directly under their own name or either sell or license their platform to payers or providers who in turn create a white-label product. Generally, these resulting services are re-branded directly under the payer or provider name or another brand name.

• The regulatory environment pertaining to these services remains a work in progress. There are efforts underway at the Federal and state levels to clear the way for remote patient consults to take place, even when there has been no previous relationship between the patient and physician. There are some instances where out-of-state licensure are becoming more flexible.

• In addition to direct service providers, there are technology enablers such as Vidyo and VSee that are benefiting from this surge in interest.

• Virtual medical services benefit from partnering with telehealth application and device peripheral partners, such as Cellscope (autoscope), iHealth (blood glucose monitors), and Clinicloud (digital stethoscope) among many others.

• Telehealth virtual visit services are becoming attractive to payers and many new offerings have been announced over the most recent -year period.

• In 2015, the American Telemedicine Association estimated that patients will have had the potential for virtual doctor experiences during that year. Overall, the association estimates that million patients had some form of telemedicine experience in 2015.


Key Questions This Study Will Answer

• What are telehealth virtual visit services and how are these solutions being deployed by 4 key market segments—healthcare payers, employer plans, hospitals, and physicians?
• What are the market-shifting macro trends impacting the need to deploy new or improved solutions to enable patients to achieve quality care using video in a variety of settings?
• What are the specific drivers and restraints impacting the telehealth virtual visits market in the United States over the next 5 years?
• What are the competitive characteristics of the telehealth virtual visit services market and who are some of the key vendors serving the market for virtual medical care and evaluation?
• What is the 6-year revenue outlook for the telehealth virtual visits market?

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