American Well Corporation
AMWLAmerican Well Corporation (AMWL) is a healthcare technology company specializing in telehealth solutions. It provides a virtual platform that connects patients with healthcare providers for online consultations, improving access to healthcare services. The company's services are used by health plans, health systems, employers, and providers to deliver remote care and enhance patient engagement.
Company News
The global online mental health counseling market is expected to grow at a CAGR of 10.12% from 2025 to 2032, driven by the increasing prevalence of mental health disorders and growing awareness. However, limited internet access and preference for medication may restrain market growth.
The electronic health records market is experiencing robust growth, driven by the increasing incidence of chronic diseases and the need for integrated healthcare systems. Governments are introducing supportive policies, while industry players are launching advanced EHR solutions leveraging AI and data analytics.
The U.S. virtual care market is projected to grow exponentially, reaching $69.2 billion by 2034 at a CAGR of 29.2%. This growth is driven by the rising demand for digital health platforms, telehealth, and remote patient monitoring solutions, particularly in underserved areas.
Amwell, a digital healthcare company, has sold its Amwell Psychiatric Care (APC) business to Avel eCare, a telehealth provider. The divestment will allow Amwell to focus on its core digital care platform and growth initiatives. Amwell reiterated its 2024 guidance.
The patient engagement solutions market is projected to grow at a CAGR of 14.9% from 2024 to 2032, driven by the rising adoption of digital health technologies and the increasing use of health platforms. The market is segmented by component, application, functionality, and end-use, with software and health management solutions leading the market.
