Remote Healthcare Market 2020 Growth Opportunities | Advanced ICU Care, Cerner, American Well,AirStrip, InTouch Health

Global Remote Healthcare Market - Industry Analysis And Forecast To 2030, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Remote Healthcare market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Remote Healthcare market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). - In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis

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The global remote healthcare market is estimated to grow at a CAGR of 23.2% from USD 6,700 million in 2019 to USD 66,472 million in 2030.

From the past few years, information technology (IT) has impacted almost every industry with some pros and cons; and healthcare ecosystem is not an exception. The healthcare sector has embraced the healthcare information technology (healthcare IT), right from process automation to the patient interaction. Remote healthcare is a sub-set of the integration between technology and healthcare facilities. The concept of remote healthcare service relates to providing medical assistance to remotely located patients (outside a healthcare facility: hospitals, clinics, etc.), i.e., at the comfort of patient settings. Such services are very crucial in current scenario and are highly beneficial in providing healthcare services in rural areas, in cases communicable diseases (corona, flu, etc.) outbreak, and others.

Increasing adoption of internet of medical things (IoMT), rising prevalence of chronic diseases (COPD, diabetes, cancer, and others: requiring prolonged monitoring), growing use of mHealth apps, favorable government policies are some major growth factors driving the global remote healthcare market during the forecast period (2019-2030). However, privacy and data security risks, changing guidelines, and low penetration of remote healthcare in low- & medium-income countries are majorly restraining the market growth during the projected period.

Increasing adoption of healthcare IoMT:
IoMT is a sub-segment of IoT, and it deals with interconnected medical devices/medicare connected to healthcare IT for improved patient experience. In the recent years, IoMT solutions have been increasingly adopted in the healthcare sector for remote patient monitoring. According to the UST Global Inc., in 2017, ~60% of the healthcare organizations across the globe have deployed IoMT in patient care activities like home/remote-monitoring. Moreover, it is estimated that more than 87% of the healthcare organizations are planning to implement IoMT related services by end of 2020. Hence, increasing adoption of IoMT is additionally supporting the remote healthcare market growth.

Privacy and data security risks:
Data theft, inappropriate data disposal, unauthorized access to data and other key information, data loss, and hacking are the major concerns that restraints the market. In 2015, Anthem/Blue Cross security breach was recorded and resulted in the loss of personal identifiable information (PII) of 78.8 million people. It was reportable that ~41% of the healthcare industry breaches occur owing to bad user practice. Furthermore, ~33% of the security breaches occurs owing to outdated operating systems and software.

Segmentation
This report analyses the remote healthcare market on the basis of market segments including services, end-user, and region.
Services segment is sub-segmented into real-time virtual health, remote patient monitoring, and tele-ICUs. Real-time virtual health involves interactions between physicians and patients through real time audio/video calls. The segment dominated the global market in 2019 with a share of about 46%, i.e., market value of USD 3,082 million. Real-time virtual health segment is further sub-segmented into video communication, audio communication, and chat/e-mail communication.

On the basis of end user, the global remote healthcare market is divided into healthcare providers, payers, patients, and others. Healthcare providers segment led the market with a market value of USD 2,747 million in 2019.

By region, the global remote healthcare market is segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Americas is segmented into North America and South America. Europe is segmented into Western Europe and Eastern Europe. The Middle East & Africa region is sub-segmented into Middle East and Africa.

As per the regional study, the Americas led the global market in 2019. Presence of developed healthcare infrastructure in the U.S. & Canada and lack of sufficient healthcare service providers in the region drives the regional market growth. According to the Associations of American Medical Colleges, in 2019, the U.S. was estimated to witness lack of physicians availability as per the population density in the region. It is reportable that a shortage of 122,000 physicians may occur within the U.S. by 2032. Such a dearth of physicians is projected to increase the patients’ reliance on alternative and time saving methods to seek physicians help such as remote healthcare options. Considering the regional factors, the North America region accounted a revenue of USD 3,082 million in 2019.

Europe stood second in the global remote healthcare market with a share of ~29%. Increasing prevalence of chronic diseases and developed healthcare IT among others in the region are some major factors driving the regional market growth. According to the Diabetes.co.uk, in 2019, 6% of the total UK population accounted to be living with diabetes. Diabetes is a chronic condition and require continuous monitoring for effective treatment. This can be easily/effectively done through remote healthcare monitoring. Thus, increasing prevalence of chronic conditions is estimated to boost the demand of remote healthcare systems during the forecast period.

Asia-Pacific region holds immense opportunities for the market growth and can be seen as a developing revenue pocket for the market. Boosting healthcare IT segment and growing number of market entrants in this marketplace boost the regional market growth. According to the Indian Brand Equity Foundation, the Indian healthcare IT industry is estimated to reach USD 58 billion by the end of 2020. On the other hand, the Middle East & Africa hold the least market share in 2019, owing to presence of poor economies within the African region.

Competitive Landscape:
The global remote healthcare market is fragmented owing to presence of major market players and increasing market participation of market entrants. Market players are competing on the basis of price, quality and technology. Major players are adopting strategic collaborations for growing their footprints into the market. In 2018, Royal Philip and American Well signed a partnership for jointly delivering virtual care solutions across the globe.
Some major players analyzed are inclusive of Advanced ICU Care, Cerner, American Well,AirStrip, InTouch Health, BioTelemetry, Inc., Koninklijke Philips, Medtronic, Vivify Health, Athenahealth, Biotricity, BIOTRONIK, and others.

Key Pointers:
The global remote healthcare market is estimated to grow with a CAGR of 23.2% from 2019-2030. As per the studies, the market was valued USD 6,700 million in 2019.
In 2019, the Americas led the market with ~50% of the market share.
Increasing adoption of IoMT is majorly driving the global remote healthcare market.
Real-time virtual health segment was valued USD 3,082 million in 2019.
The tier one companies occupy ~50% of the market share.
Strategic collaboration is a key strategy adopted by players in the global marketplace.

USP of the Report:
Government Guidelines for the market
Competitive Landscape & Competitor Concentration
Product Benchmarking
Technology Analysis
Impact Analysis of Covid-19

Industry SWOT analysis
Industry PESTLE analysis

Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

Q.1 What are some of the most promising potential, high growth opportunities for the global market by application, by product, by end user and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster speed and why?
Q.3 Which regions will grow at a faster speed and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats of market?
Q.6 What are emerging trends in market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the leading players in market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this market?
Q.11 What M & A activities have taken place in the last five years in this market?

The Study Explore COVID 19 Outbreak Impact Analysis

• What should be entry strategies, countermeasures to economic impact, and marketing channels?
• What are market dynamics?
• What are challenges and opportunities?
• What is economic impact on market?
• What is current market status? What’s market competition in this industry, both company, and country wise? What’s market analysis by taking applications and types in consideration?

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Key Points Covered in Remote Healthcare Market Report:

Executive Summary
Table of Contents
List of Figures
List of Tables
Introduction
Segmentation By Geography
Remote Healthcare Market Characteristics
Supply Chain And Key Participants
Remote Healthcare Market Size And Growth
Historic Market Growth, Value ($ Billion)
Drivers Of The Market
Restraints On The Market
Forecast Market Growth, Value ($ Billion)
Remote Healthcare Global Market PESTEL Analysis by Political, Economic, Social, Technological, Environmental, Legal
Remote Healthcare Market Customer Information
Brand Experience And Customer Support Influence Purchasing Decision
Remote Healthcare Market, Regional And Country Analysis
Global Remote Healthcare Market, By Region, Value
Global Remote Healthcare Manufacturing Market, Historic And Forecast, Segmentation
Remote Healthcare Market Overview
Region Information
Market Information
Background Information
Taxes Levied
Government Initiatives
Regulatory Bodies
Regulations
Associations
Investments
Competitive Landscape
Global Remote Healthcare Market Top Opportunities By Segment
Global Remote Healthcare Market Top Opportunities By Country
Global Remote Healthcare Market Strategies
Strategies based on market trends
Strategies Adopted By Leading Competitors
Appendix
Research Methodology
Currencies
Research Inquiries
Copyright and Disclaimer
Continued….
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