Virtual Care Market – In-Depth Analysis with Booming Trends Supporting Growth and Forecast till 2027 Key Players, CHI Health, American Well, AT&T, CHI Health, MDLIVE, MedSpring
Virtual care is defined as virtual interaction or visit between patient and hospitals or clinics via communication technology. The communication technology can be video or audio connectivity that enables virtual meetings to happen in real time. Virtual care enables patients and doctors and patients to interact with each other from any location across the globe in real-time. The various advantages associated with virtual care are real-time interaction, eliminates geographical barrier, reduces cost & time, and others. Virtual care has significant application in disease management which requires constant follow-ups.
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Virtual Care Market
- To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
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The report also includes the profiles of key virtual care companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
AMD Global Telemedicine, Inc.
GENERAL ELECTRIC COMPANY
Koninklijke Philips N.V.
United HealthCare Services, Inc.
The increasing adoption of connected health gadgets and the adoption of smartphones are significantly driving the virtual care market. Another potential factors driving the market are wide availability of doctors over the virtual platform, and reduced cost of consultation and follow-ups. The Kiosks in pharmacy and hospitals are the key source for revenue generation for vendors.
The global virtual care market is segmented on the basis of consultation type and end-user. Based on consultation type, the market is segmented as video consultation, audio consultation, and kiosks. On the basis of end-user the market is segmented as hospitals, pharmacy, individuals, and other medical service providers.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global virtual care market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The virtual care market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting virtual care market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the virtual care market in these regions.
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The reports cover key developments in the virtual care market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from virtual care market are anticipated to lucrative growth opportunities in the future with the rising demand for virtual care in the global market. Below mentioned is the list of few companies engaged in the virtual care market.
Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Virtual Care Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Virtual Care Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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