Virtual Care Market Healthy Pace throughout the Forecast during 2016 - 2026

Telehealth or virtual care is gaining importance in day-to-day healthcare practice as it provides affordable, high quality and efficient virtual care. Healthcare organizations are improving delivery of services, and increasing access to specialty care by providing disease management, remote diagnosis, health education monitoring and consumer outreach services by using highly secure & broadband networks. Virtual care involves medical training, healthcare experience, monitoring, education and other such medical activities, with the support of telecommunications technologies. Virtual care includes the necessary software, hardware, and network infrastructure. Virtual care is often used for various minor illnesses such as flu, bladder infection, cold, pink eye, sinus infection, rash, bladder infection, dizziness, urinary tract infection, allergies, cough and sore throat.

Certain benefits offered by virtual care market are increase in the reach of scarce specialty care resources, reduced costs (healthcare costs, travel time and cost and hospital readmission rates), rapid critical medical interventions, and supports improved patient compliance and efficient delivery of continued medical education. Virtual care aids in eliminating the occurrence of any fraud medical practice. Furthermore, insurance companies have been keen on increasing coverage for such virtual healthcare services. The global virtual care market is expected to witness lucrative growth with significant CAGR during the forecast period.

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Global Virtual Care Market: Drivers and Restraints

The drivers of virtual care market are rising penetration of smartphones, increasing acceptance of integrated business models by the healthcare industry, growing primary care shortages, rising popularity of virtual care market by the Affordable Care Act. In addition, decrease in the number of personal visits (non-emergency medical conditions) and resource optimization in the healthcare industry are some factors expected to drive overall growth of the global virtual care market

While, some restraints are limiting the growth of global virtual care market such as, speed and connectivity issues, cross-state licensure, limited reimbursement through Medicare and private insurers, resistance of healthcare professionals and patients to change, up-front costs and privacy data security issues.

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