Telehealth Business for African-American Community Market Analysis 2022: Continued Rise in Telehealth Premium Market for New Entrants –


DUBLIN–(BUSINESS WIRE)–The “Remote Medical Services Company for African American Community Market Analysis” report has been added to from offer.

The report provides an in-depth understanding of the potential for building a telehealth (chat-based) business aimed at the African American community.

The global healthcare services market is expected to grow from $7102.7 billion in 2019 to $6657.1 billion in 2020 at a compound annual growth rate (CAGR) of -6.3%. The decline is mainly due to the COVID-19 epidemic and the measures taken to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $9,725.4 billion in 2023.

The United States is home to marked and persistent racial disparities in health coverage, chronic disease, mental health, and mortality. These disparities are not the result of individual or group behavior, but of decades of systematic inequalities in America’s economic, housing, and health care systems.

A recent national poll by The Undefeated and the Kaiser Family Foundation (KFF) found that 7 out of 10 African Americans think people are treated unfairly because of their race or ethnicity when visiting a doctor.

The Undefeated/KFF survey found that black people tended to trust doctors much more than the healthcare system as a whole, with its impenetrable billing models, slow waiting rooms and myriad health care plans. ‘insurance. Yet black patients had much less confidence in local doctors and hospitals than whites.

To have all the information needed to start a business and understand the advantages and disadvantages of chat based medical service, we studied both the Telehealth and Expert Q&A markets as the future product covers both markets. However, we base our findings primarily on telehealth market analysis, as there is insufficient information on the US Q&A market from experts.

The global telehealth market size was USD 61.40 Billion in 2019 and is projected to reach USD 559.52 Billion by 2027, growing at a CAGR of 25.2% during the forecast period (2020-2027) . The global telehealth market is expected to witness amazing growth in the near future owing to the increasing preference for online visits. They provide easy access to required doctors, reduce waiting times in outpatient departments and are cost effective. North America bought $26.14 billion in revenue. This growth is attributed to the presence of favorable healthcare reimbursement policies, as well as several reputable companies in the region.

As telemedicine solutions become more common, people are also more likely to use them. According to the recent report published by Statista, 61-74% of American adults aged 18-54 are very or somewhat willing to use telehealth. Up to 16% of them have already tried telehealth services.

Q&A Platform Market was valued at USD 2.8 Billion in 2019 and is projected to reach USD 5.2 Billion by 2027, growing at a CAGR of 8.17% from 2020 to 2027.

Today, caregiving is no longer limited to traditional health care settings. Online video or audio consultation with the doctor is now becoming the new norm. The cost-effectiveness of teleconsultations, reduction in outpatient department (OPD) waiting times and ease of access are the key factors due to which the preference for electronic visits has increased significantly. It has also attracted many start-up companies and significant investments in the market by private equity firms.

Main topics covered:

1. Health Service Issue and Validation

2. Overview

3. Racial disparity

4. Implicit bias and misdiagnosis

5. Shortage of black doctors

6. Assumption

7. Market research

8. General market overview

9. Market trends

10. Government regulations and barriers

11. Other statistics

12. Customer analysis

13. Competitor analysis

Companies cited

  • Just answer

  • DoctorSpring

  • Health K

  • Your doctors online

  • Freeze

  • HealthTap

  • The 98point6

  • Quora

  • Reddit

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