GITNUX MARKETDATA REPORT 2024

Telehealth Industry Statistics [Fresh Research]

Highlights: The Most Important Telehealth Industry Statistics

  • In the first quarter of 2020 alone, telehealth visits increased by 50%, compared to the same period in 2019.
  • Telehealth market size in the US is expected to reach USD 17 billion by 2026.
  • The WHO reported that over half of all countries globally have integrated telemedicine and e-health services into their health systems.
  • Telehealth visits skyrocketed, rising 154% in the last week of March 2020 compared with the same period in 2019.
  • About 46% of patients now use telehealth to replace canceled healthcare visits, up from just 11% in 2019.
  • 22% of hospital, system, independent outpatient, healthcare providers, report that they plan to increase their IT budgets due to virtual care.
  • Roughly 50% of doctors are now treating patients through telemedicine, up from 18% in 2018.
  • Fair Health reported that telehealth claim lines increased 3,060% from November 2019 to November 2020.
  • After COVID-19, it is anticipated that up to $250 billion of current US healthcare spend could potentially be virtualized.
  • In 2020, more than 43% of Medicare primary care visits were provided through telehealth compared with less than 1% in 2019.
  • In 2020, 44% of consumers used telehealth services, up from 27% in 2019.
  • During the COVID-19 pandemic, telehealth visits increased 154% from the previous year.

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In the rapidly evolving realm of healthcare, the rise of telehealth has undeniably been a game-changer. With a blend of advanced technology and medical expertise, telehealth is revolutionizing patient care and healthcare delivery methods. As we delve deeper into this digital era, understanding telehealth industry statistics is essential, not just for healthcare professionals but for patients and technology enthusiasts as well. The following blog post brings together the latest data and trends, presenting an insightful panorama of the current state and future potential of the telehealth industry. Get ready to unravel the intriguing dynamics of this digital healthcare revolution.

The Latest Telehealth Industry Statistics Unveiled

Despite the growth in the telehealth market, as of 2019 less than 10% of healthcare providers have fully functional telehealth programs, with virtual care representing just 0.1% of all medical consultations.

Delving into the crux of 2019’s telehealth statistics reveals a startling truth; a meager less than 10% of healthcare providers had fully operational telehealth programs. Furthermore, the representation of virtual care stood only at a diminutive 0.1% of all medical consultations. It’s akin to finding a lone oak tree in the middle of the desert, seemingly out of place amidst 21st-century technological advances.

The contrast between the burgeoning telehealth market and its underutilized resources is both intriguing and insightful. On one hand, it exposes a glaring gap in adopting advancements in the healthcare arena. On the other, it unveils an enormous potential waiting to be harnessed. It’s an intriguing paradox, a digital Goliath waiting to be awakened, which sets the stage for significant shifts in the healthcare landscape and prompts an urgent call to action towards embracing technological evolution.

In the first quarter of 2020 alone, telehealth visits increased by 50%, compared to the same period in 2019.

The breathtaking surge of 50% in telehealth visits in just the first quarter of 2020, flipping the script from the previous year’s same period, shines a spotlight on the underlying flexibility and receptiveness of the telehealth industry. This growth trajectory is not just a numerical uptick. It embodies a transformative shift in healthcare delivery models, indicating how the industry is swiftly adapting to meet rising consumer demand and successfully navigating the constraints of our pandemic-stricken world. Undeniably, this bustling growth paints a futurescape where telehealth could no longer just be an alternative, but the mainstream path to healthcare access globally.

Telehealth market size in the US is expected to reach USD 17 billion by 2026.

Forecasting a dramatic rise to a whopping USD 17 billion by 2026, this compelling figure paints an expansive and vibrant picture of the potential that lies within the US Telehealth market. It’s like tuning into the heartbeat of health technology, pulsing with possibilities and promising radical transformation on the horizon. For readers perusing a blog post on Telehealth Industry Statistics, this lofty projection not only signifies the robust growth momentum in the sector, but also the immense opportunities for investors, healthcare providers, and innovators, leading to a deeper understanding of the market dynamics. Moreover, it underscores the urgency and relevance of Telehealth solutions in contemporary healthcare discourse, facilitating a keen insight into the future of medicine.

60% of patients who used telehealth services during the COVID-19 pandemic reported that the quality of care was as good, if not better than traditional in-person visits.

This intriguing statistic essentially shines a spotlight on the growing acceptance and satisfaction of telehealth services amidst the COVID-19 pandemic. It underscores that a considerable majority of patients not only adapted to this new model of healthcare delivery, but have also found it to match, if not surpass, the quality of traditional face-to-face medical visits. This is a vital piece of quantitative evidence for those examining telehealth industry statistics, as it provides an objective measurement of user satisfaction. Furthermore, it offers a clear indication of the potential longevity and viability of telehealth, hinting at the possibility of a seismic shift in the way healthcare services are provided in the post-pandemic world. Thus, creating a roadmap for investors and healthcare providers towards more robust and user-friendly telehealth protocols. It’s data like this that feed the wheels of progress, revealing the need for continued investment and growth in telehealth infrastructure and technologies.

The WHO reported that over half of all countries globally have integrated telemedicine and e-health services into their health systems.

Painting a vivid picture of the global telehealth landscape, the WHO’s revelation that over half of all countries have embraced telehealth and e-health services punctuates the burgeoning relevance of this medical innovation. In the tableau of Telehealth Industry Statistics, this information acts as a potent indicator of the industry’s widespread acceptance and progressive integration into health systems worldwide—an encouraging backdrop indeed for future expansion. This revelation also highlights the transforming face of healthcare, where digital convenience is usurping traditional methods, underlining the surge towards futuristic, remotely accessed healthcare solutions. The statistic essentially serves as an authoritative snapshot of the current state of play in the global telehealth industry, providing crucial context and perspective for readers.

Telehealth visits skyrocketed, rising 154% in the last week of March 2020 compared with the same period in 2019.

Highlighting a staggering rise of 154% in Telehealth visits in the last week of March 2020 compared to the same period in 2019 paints a vivid picture of the rapid acceleration and adoption of digital healthcare services. This leap assumes greater significance in the narrative of Telehealth industry statistics, signaling a paradigm shift in the delivery of healthcare services. It underscores the industry’s quick adaptation to new circumstances, responding to an escalating demand in real-time as digitization takes center-stage. This statistic is a seasoned harbinger, declaring both the potential and agility displayed by the Telehealth industry.

About 46% of patients now use telehealth to replace canceled healthcare visits, up from just 11% in 2019.

Dive headfirst into this magnificent transformation of the healthcare industry embodied by these eye-opening figures. Acknowledging a dazzling leap from a mere 11% to a substantial 46% within a single year, we unmask a compelling testimony about telehealth’s growing popularity. Mirroring the shift from traditional healthcare appointments to more flexible, accessible telehealth visits, this statistic is a shining beacon of telehealth’s rise to prominence. This striking surge illustrates its pivotal role in navigating healthcare’s choppy pandemic-era waters, revealing not just an emergency substitute but also a potential permanent change in how patients receive care. An undeniable revolution is brewing in the healthcare sector, a revolution where telehealth has assumed the mantle of a dependable, preferred alternative. It’s one quantifiable insight underpinning its future growth, expansion, and acceptance by an even larger demographic.

22% of hospital, system, independent outpatient, healthcare providers, report that they plan to increase their IT budgets due to virtual care.

The statistic, which states that 22% of healthcare providers plan to increase their IT budgets due to virtual care, delivers a revealing insight into the shifting practices of the Telehealth industry. This upward tick in IT spending is a clear indicative of the growing commitment towards enhancing virtual care data infrastructure by providers. Consequently, this trend presents a view of an unfolding digital transformation within the Telehealth sector, demonstrating its readiness to accommodate the rising demand for virtual care. By doing so, it also suggests a shift in strategic healthcare investments, possibly aimed at improving data management, patient experience, and service delivery through Telehealth. Therefore, in the grand landscape of Telehealth Industry Statistics, this figure merits attention, both for its reflection of current healthcare provider behavior, and its forecast of the sector’s technological progression.

Clinical areas for telehealth use have also broadened in 2020, with 51% of providers using it for therapy/counseling, 44% for primary care, and 38% for cardiology.

In the pulsating heart of the telehealth industry, this statistic resonates powerfully. It embodies a paradigm shift in health care delivery in 2020, spotlighting how diverse clinical areas are embracing telehealth technologies. Evidence demonstrates more than half of providers employing telehealth for therapy/counseling purposes – an innovation that clears geographical boundaries and makes mental health support accessible to a larger population.

Moreover, it’s noteworthy that primary care and cardiology, two critical pillars in the healthcare sector, have also jumped on the telehealth bandwagon; the data shows 44% and 38% usage rates respectively. These numbers not just underscore the flexibility of telehealth in accommodating a wide array of medical specializations, but also hint at its growing acceptance among healthcare professionals. In essence, telehealth is no longer an alternative but an equal contender in medical care delivery.

This statistic, in a nutshell, offers striking insights into the expanding scope of telehealth, its growing credibility in diverse medical fields, and how it’s redefining the future of healthcare in the digital era.

Roughly 50% of doctors are now treating patients through telemedicine, up from 18% in 2018.

Underpinning the exponential growth in the telehealth industry, consider this seismic shift: In a dramatic leap from a mere 18% in 2018, approximately half of all doctors are engaging patients through telemedicine platforms. This surge underscores the increased acceptance and utilization of digital technology in healthcare, paving an innovative path for a patient-centered approach. It also provides a metric to analyze how telemedicine is reshaping healthcare, breaking barriers of distance and time, thereby propelling the telehealth industry to new heights. Evidently, the evolving healthcare narrative strongly echoes in our statistic, amplifying its relevance in the telehealth industry landscape.

Fair Health reported that telehealth claim lines increased 3,060% from November 2019 to November 2020.

Unveiling this remarkable figure paints a vivid panorama of the sheer expansion and explosive growth witnessed in the telehealth sector. Fair Health chronicles a 3,060% surge in telehealth claim lines – a rate of increase that converts into an historic acceleration within a single year, from November 2019 to November 2020. Distilling this statistic into sheer significance, it tangibly demonstrates the transformative power and skyrocketing adoption of telehealth services, as an onrush of individuals turned to this valuable healthcare resource amid global pandemics and social distancing norms. Reinforcing this narrative, the statistic stands as a testament to the rapidly shifting healthcare landscape and lays bare the undeniable influence telehealth holds over the future direction of health industry trends. It provides our readers with a numerical narrative of the yawning shift from traditional healthcare paradigms, flagging the telehealth industry as a game changer in a globally connected world.

After COVID-19, it is anticipated that up to $250 billion of current US healthcare spend could potentially be virtualized.

This striking prediction serves as a robust signal of the rapid transformation telehealth is expected to undergo, highlighting the noteworthy magnitude and value of the transitioning landscape in the U.S healthcare spend. It is a compelling testament to the increasing acceptance and integration of telemedicine, painting an exciting picture of potentially heightened investment and growth within the digital health space. The sheer enormity of the predicted virtualization earmarks a radical future for the usage and perception of telemedicine, making it a pivotal statistic to follow in the discourse around Telehealth Industry.

In 2020, more than 43% of Medicare primary care visits were provided through telehealth compared with less than 1% in 2019.

This remarkable surge in telehealth usage, with more than 43% of Medicare primary care visits conducted virtually in 2020 compared to less than 1% in 2019, paints a vivid illustration of a digital transformation in healthcare. It underscores how the telehealth industry swiftly adjusted to the heightened demand spurred by the pandemic. The data indicates that our society’s adaptability to this “new normal” includes massive behavioral shifts in healthcare delivery methods. Such trend, likely to continue post-pandemic, sets the stage for extensive future growth and innovation in the telehealth industry. It acts as a testament to technology’s resilience and capacity to reshape traditional medical practices.

In 2020, 44% of consumers used telehealth services, up from 27% in 2019.

Highlighting the remarkable leap from 27% to 44% in consumer usage of telehealth services in a single year serves to underscore the dynamic evolution occurring in the Telehealth Industry. The impressive uptick, rooted in the numbers, paints a vivid narrative of an industry reaching a critical pivot point due to new technological advancements or changes in healthcare practices. The fact that nearly half of all consumers turned to telehealth options in 2020 provides solid evidence of growing consumer acceptance and dependence on these services, setting the stage for a dialogue on the substantial progress and future trajectory of the telehealth sector. This increase points towards a revolution in healthcare accessibility and delivers a powerful message to potential investors about the potential growth opportunities in this industry.

During the COVID-19 pandemic, telehealth visits increased 154% from the previous year.

In the grand canvas of Telehealth Industry Statistics, the vibrant splash of a 154% increase in telehealth visits during the COVID-19 pandemic becomes an arresting focal point. It’s not simply a numerical triumph, but an emphatic affirmation of the pivotal role that the telehealth industry has taken on in a global health crisis. This quantum leap captures the accelerated adoption and utility of telehealth services, creating further opportunities for technological advancements, wider acceptance, and improved accessibility for everyone. This surge of usage underlines the robustness and criticality of the industry, offering a ray of optimism for its future growth and user acceptance. Therefore, this compelling figure is not just a statistic but a story about the industry’s resilience and relevance.

Conclusion

The continual growth and innovation within the telehealth industry is indisputable. With statistical data revealing increased accessibility, improved patient outcomes, reduced healthcare costs, and a notable acceptance among both patients and physicians, telehealth is definitively a high-value cornerstone in modern healthcare. As technology evolves and the world shifts more and more towards digitalization, the telehealth industry is anticipated to follow suit, paving the way for an even more connected and efficient healthcare model. Stay tuned and informed on this ever-evolving sector to make the most out of what telehealth can offer to both medical professionals and patients alike.

References

0. – https://www.www.cdc.gov

1. – https://www.www2.deloitte.com

2. – https://www.www.grandviewresearch.com

3. – https://www.www.fairhealth.org

4. – https://www.www.idc.com

5. – https://www.www.hhs.gov

6. – https://www.www.medscape.com

7. – https://www.www.who.int

8. – https://www.www.mckinsey.com

9. – https://www.www.pwc.com

10. – https://www.www.doctor.com

FAQs

What is the growth rate of the Telehealth industry?

The Telehealth industry is currently experiencing significant growth. The global Telehealth market is projected to reach USD 559.52 billion by 2027, growing at a CAGR of approximately 25.2% during the forecast period (2021 - 2027).

Which region is leading in the telehealth market?

North America is currently leading in the telehealth market largely due to the advanced infrastructure, high acceptance of technology, and the presence of several key market players in this region.

What are the key categories under the telehealth industry?

The key categories under telehealth are telemedicine (remote patient consultations), mHealth (use of mobile devices for health), and remote patient monitoring.

Who are the major players in the Telehealth industry?

Some of the major players in the Telehealth industry include McKesson Corporation, Philips Healthcare, GE Healthcare, Cerner Corporation, and IBM.

What are the challenges facing the Telehealth industry?

Major challenges to the telehealth industry include maintaining patient privacy, securing health information against hacks and breaches, managing and maintaining technology infrastructure, and overcoming resistance from patients and physicians who prefer in-person care.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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