Insights into the U.S. Telemedicine Market

 The U.S. telemedicine market was valued at USD 35.51 billion in 2024 and is projected to reach USD 88.16 billion by 2030, corresponding to a compound annual growth rate (CAGR) of 16.1% from 2025 through 2030. This rapid expansion reflects both strategic investments by leading healthcare and technology firms and a broader shift toward patient‑centric care models.

Key industry players have launched partnerships, platform upgrades and service bundles designed to streamline virtual consultations, remote monitoring and integrated care pathways. At the same time, rising healthcare consumerism—where patients expect convenience, transparency and on‑demand access—has encouraged providers to incorporate telemedicine as a core offering rather than a supplementary channel.

Provider adoption and patient acceptance have both climbed sharply in recent years. According to a Rock Health report published in February 2023, 80 percent of respondents had used a telemedicine service at least once. McKinsey’s Consumer Health Insights survey from November 2021 found that 55 percent of patients felt more satisfied with virtual visits than with traditional in‑person appointments. These figures underscore telemedicine’s ability to enhance care quality, reduce travel burdens and improve scheduling flexibility.

Underlying this growth is the widespread ownership of internet‑enabled devices. A Demandsage report from 2023 indicates that 82.2 percent of U.S. adults owned a smartphone. Concurrently, network infrastructure continues to strengthen: Kepios data show that, as of January 2024, 331.1 million Americans were online—97.1 percent of the population—and that the user base grew by 1.8 million (0.5 percent) over the prior year. Faster, more reliable connections make high‑definition video visits and real‑time data transfer increasingly feasible.

Telemedicine is also proving critical in areas where healthcare access has traditionally been limited. In February 2024, Theresa Greenfield, State Director of USDA Rural Development in Iowa, announced USD 1.8 million in grants aimed at expanding telemedicine and distance‑learning services. By improving connectivity in rural counties, these funds will help deliver educational, training and medical resources that would otherwise be unavailable.

Finally, provider shortages in both urban and rural settings continue to drive telehealth demand. The National Center for Health Workforce Analysis reported in November 2023 that 102 million Americans live in primary care Health Professional Shortage Areas (HPSAs), 77 million in dental HPSAs, and 167 million in mental health HPSAs—almost half the national population. As digital platforms evolve and regulatory frameworks adapt, telemedicine solutions are uniquely positioned to fill these gaps, delivering specialty care at a distance and easing the strain on overburdened providers.

Collectively, these factors—strategic industry initiatives, patient demand for convenience, device proliferation, network enhancements, rural outreach efforts and workforce shortages—form the foundation for the U.S. telemedicine market’s sustained growth through 2030.

 

Key Market Trends & Insights

  • By component, the product segment dominated the market in 2024 and is anticipated to witness significant growth during the forecast period.
  • By modality, the real-time segment dominated the market with a revenue share of 38.3% in 2024. Real-time telemedicine technologies offer an extra edge for patient monitoring via the use of electronic mediums, mainly video conferencing. 
  • By application, the teleradiology segment dominated the market with a share of 24.3% in 2024. The teleradiology segment is growing rapidly due to the increasing demand for diagnostic imaging services. 
  • By delivery model, the web/mobile segment dominated the market in 2024 and is anticipated to witness the fastest growth of 16.3% during the forecast period owing to the widespread use of smartphones and mobile applications.
  • By facility, the tele-home segment dominated the market in 2024 and is anticipated to witness significant growth of 16.6% during the forecast period. Tele-home services allow patients to receive medical care in the comfort of their own homes, ranging from virtual consultations to remote monitoring of chronic conditions and post-acute care.
  • By end use, the patients segment dominated the market with a revenue share of 37.5% in 2024 owing to the increasing demand for convenient, accessible, and cost-effective healthcare. 

 

Order a free sample PDF of the U.S. Telemedicine Market Intelligence Study, published by Grand View Research.

 

Market Size & Forecast

  • 2024 Market Size: USD 35.51 Billion
  • 2030 Projected Market Size: USD 88.16 Billion
  • CAGR (2025-2030): 16.1%

 

Key Players

  • MDlive, Inc. (Evernorth)
  • American Well Corporation
  • Twilio Inc.
  • Teladoc Health, Inc.
  • Doctor On Demand, Inc. (Included Health)
  • Zoom Video Communications, Inc.
  • SOC Telemed, Inc.
  • NXGN Management, LLC
  • HP Development Company, L.P.
  • Practo
  • VSee

 

 Browse Horizon Databook on U.S. Telemedicine Market Size & Outlook

 

Conclusion

The U.S. telemedicine market is poised for sustained, high‑growth expansion, driven by strategic investments from industry leaders, widespread patient acceptance, and the continued proliferation of smartphones and high‑speed internet. By 2030, the market is expected to more than double from its 2024 valuation of USD 35.51 billion to USD 88.16 billion, reflecting a 16.1 percent CAGR. Key enablers include improved network infrastructure, targeted funding for rural connectivity, and the need to address persistent healthcare workforce shortages. As virtual care becomes increasingly integrated into standard healthcare delivery, telemedicine will play an essential role in improving access, enhancing patient satisfaction, and reducing overall system strain across both urban and underserved areas.

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