Find stats on top websites
Industry Landscape
The telehealth industry is experiencing rapid growth, driven by increasing demand for convenient and accessible healthcare, technological advancements, and supportive regulatory changes. It's shifting from episodic care to integrated, comprehensive virtual health services, especially in specialized areas like sexual and reproductive health. Innovation in AI and remote monitoring is further expanding its capabilities.
Total Assets Under Management (AUM)
Telehealth Market Size in United States
~Approximately $25.3 Billion (2023) to $30.8 Billion (2024)
(27.5% (2023-2024) CAGR)
- Driven by increased patient adoption and provider acceptance.
- Expansion of services beyond basic consultations.
- Continued investment in digital health infrastructure.
Total Addressable Market
30.8 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Diagnostics
AI and machine learning algorithms are enhancing diagnostic accuracy and efficiency in telehealth, particularly for conditions like UTIs, STIs, and skin conditions, by analyzing patient-reported symptoms and images.
Remote Patient Monitoring (RPM)
Wearable devices and at-home diagnostic kits integrated with telehealth platforms allow for continuous monitoring of patient health data, enabling proactive care and personalized treatment adjustments.
Virtual Reality (VR) and Augmented Reality (AR) in Telehealth
VR/AR technologies can create immersive virtual consultation environments, enhance patient education through 3D models, and potentially aid in remote physical examinations or therapeutic interventions.
Impactful Policy Frameworks
Consolidated Appropriations Act, 2023 - Telehealth Flexibilities
This act extended several key telehealth flexibilities that were put in place during the COVID-19 Public Health Emergency through December 31, 2024, including those related to originating sites, types of practitioners, and certain remote services.
This extension ensures Wisp can continue to operate with reduced regulatory burdens and expanded service offerings, maintaining accessibility for its nationwide patient base.
Information Blocking Rule (21st Century Cures Act, 2016)
The information blocking rule, fully implemented in 2021, prohibits healthcare providers and health IT developers from knowingly interfering with the access, exchange, or use of electronic health information (EHI).
This policy mandates greater interoperability and data sharing, which can improve the seamless exchange of patient data for Wisp, enhancing care coordination and patient convenience.
State-specific Licensure Compacts and Telehealth Parity Laws (Ongoing)
Various states are continually updating their medical licensure compacts (e.g., Interstate Medical Licensure Compact) and telehealth parity laws, which dictate how out-of-state providers can practice and how telehealth services are reimbursed.
Wisp, operating nationwide, must continuously monitor and adapt to varying state-specific licensure and reimbursement regulations, which can impact its ability to deliver care consistently across all 50 states.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
