Press release
Virtual Healthcare Market Size 2021 Global Industry Overview, Share, Trends, Growth Factors, Historical Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2027
Virtual Healthcare Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increasing availability of doctors over the virtual platform, reduction in cost of consultation and follow-ups and increasing adoption of connected health gadgets are major factors driving the market growth.Virtual Healthcare Market is valued at USD 1971.4 Million in 2018 and expected to reach USD 13029.2 Million by 2025 with CAGR of 26.79% over the forecast period.
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Market Analysis of Virtual Healthcare Market Report–
Virtual healthcare mentions the virtual visits that take place amongst patients and clinicians via communication technology- the video and audio connectivity that allows virtual meetings to occur in real time, from virtually any location. A virtual visit can be a video conference between a doctor and patient at home. It could mean that a patient can cooperate with offsite medical specialist via a high-definition conference hookup at his or her local clinic, instead of travelling to another city. It can also give patient the chance to more readily find qualified second opinion online.
Thus, virtual healthcare has been used chiefly for meetings and consultations, check-ins, and status report, rather than for in-depth diagnosis or treatments. Still, as the technology grows, more serious conditions like diabetes are falling under the inspiration of virtual healthcare. Virtual healthcare also better allows specialists to monitor conditions or procedures from remote locations.
Global virtual healthcare market report is segmented on the basis of platform type, component type and regional & country level. Based on platform type, global virtual healthcare market is classified into video consultation, audio consultation and KIOSKS. Based on component type, global virtual healthcare market is classified in to solutions and services.
The regions covered in this virtual healthcare market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of virtual healthcare is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players-
Global virtual healthcare market report covers prominent players like Teladoc, Inc., MDLIVE, Inc., Doctor on Demand, Inc., American Well Corporation, HealthTap, Inc. and others.
Market Dynamics–
Rising prevalence of chronic disorders, increasingadoption of smartphones and the availability of KIOSKS in pharmacies and hospitalsare significantly driving the virtual healthcare market. According to Pew Research Center, morethan nine-in-ten 18- to 29-year-olds (96%) say they live in a household with at least one smartphone, and 51% of young adults say their home contains three or more such devices. Additionally, rising aging population, high penetration of smartphones, technological advancements, the growing use of remote monitoring devices, and increasing healthcare costs are some other factors driving the growth of the market.
However, the high cost of nanotechnology-based medical devices and the time-consuming product approval process have somewhat restrained growth in this market. Moreover, the increasing focus on developing conversational virtual assistant tools and multi-language support in healthcare virtual assistant tools are also expected to provide growth opportunities for players in the market.
Regional Analysis–
North America accounted for the largest market share of around 54.62% in 2018. Digital transformation lets the healthcare industry to distribute on-demand non-emergency medical treatments to patients. United States certified doctors and physicians are listed on various virtual healthcare service platforms eliminating the occurrence of any fraud medical practice.
Additionally, insurance companies have been keen on growing coverage for such virtual healthcare services. Companies like Cigna Healthcare and Life Insurance Company (CHLIC) and UnitedHealth partnered with virtual healthcare service providers MDLIVE, Inc. and American Well Corporation, correspondingly, to offer extreme access to healthcare services for its fellows. Due to these kind of activities, the demand for virtual healthcare is significantly increasing over the period of time. However, Asia Pacific is expected to grow expressively over the forecast period. The reason is attributed to presence of large number of manufacturers and the increasing growth of medical institutes in this region.
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Key Benefits for Market Report–
Global Virtual Healthcare Market report covers in depth historical and forecast analysis.
Global Virtual Healthcare Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Virtual Healthcare Market report helps to identify opportunities in market place.
Global Virtual Healthcare Market report covers extensive analysis of emerging trends and competitive landscape.
Market Segmentation:–
By Platform Type:
Video Consulation
Audio Consulation
KIOSKS
By Component Type:
Solutions
Services
Table of Content
Chapter 1 Global Virtual Healthcare Market : Summary and Quantitative Analysis
1.1 Report Description
1.2 Global Virtual Healthcare Market Revenue Overview
1.3 Global Virtual Healthcare Market Revenue (USD Billion) and Growth (%) Rate, 2021-2027
Chapter 2 Global Virtual Healthcare Market : Overview and Qualitative Analysis
2.1 Executive Summary
2.2 Market Drivers
2.3 Market Restraints
2.4 Market Opportunities
2.5 Market Trends
2.6 Global Virtual Healthcare Market : SWOT Analysis
2.7 Global Virtual Healthcare Market : PEST Analysis
2.8 Global Virtual Healthcare Market : Attractiveness Analysis
2.8.1 Global Virtual Healthcare Market : Attractiveness Analysis by Type
2.8.2 Global Virtual Healthcare Market : Attractiveness Analysis by Application
2.8.3 Global Virtual Healthcare Market : Attractiveness Analysis by Regional
Chapter 3 Competitive Analysis
3.1 Global Virtual Healthcare Market
3.1.1 Global Virtual Healthcare Market Revenue (USD Billion), By Players 2018
3.1.2 Global Virtual Healthcare Market Revenue Share (%), By Players 2018
Chapter 5 Global Virtual Healthcare Market : By Types
5.1 Global Virtual Healthcare Market Share (%), By Types, 2018
5.2 Global Virtual Healthcare Market Revenue (USD Billion), By Types, 2021-2027
5.3 Global Virtual Healthcare Market Revenue (USD Billion), T1 ,2021-2027
5.4 Global Virtual Healthcare Market Revenue (USD Billion), T2,2021-2027
5.5 Global Virtual Healthcare Market Revenue (USD Billion), T3,2021-2027
5.6 Global Virtual Healthcare Market Revenue Share (%), By Types, 2021-2027
5.7 Global Virtual Healthcare Market Revenue Market Share (%), By Types, 2021-2027
Chapter 6 Global Virtual Healthcare Market : By Application
6.1 Global Virtual Healthcare Market Share (%), By Application, 2018
6.2 Global Virtual Healthcare Market Revenue (USD Billion), By Application, 2021-2027
6.3 Global Virtual Healthcare Market Revenue (USD Billion), A1, 2021-2027
6.4 Global Virtual Healthcare Market Revenue (USD Billion), A2, 2021-2027
6.5 Global Virtual Healthcare Market Revenue (USD Billion), A3, 2021-2027
6.6 Global Virtual Healthcare Market Revenue Share (%), By Application, 2021-2027
6.7 Global Virtual Healthcare Market Revenue Market Share (%), By Application, 2021-2027
Chapter 7 North America Virtual Healthcare Market Analysis
7.1 North America Market Snapshot
7.1.1 North America Virtual Healthcare Market Revenue and Growth Rate (%), 2021-2027 .
7.1.2 North America Virtual Healthcare Market Revenue (USD Billion) Overview, by Country, 2021-2027
7.1.3 North America Virtual Healthcare Market Revenue (USD Billion) and Growth Rate (%), 2021-2027
7.1.4 North America Virtual Healthcare Market Revenue (USD Billion) Overview, by Type, 2021-2027
7.1.5 North America Virtual Healthcare Market Revenue (USD Billion) Overview, by Application , 2021-2027
Chapter 8 Europe Virtual Healthcare Market Analysis
8.1 Europe Market Snapshot
8.1.1 Europe Virtual Healthcare Market Revenue and Growth Rate (%), 2021-2027 .
8.1.2 Europe Virtual Healthcare Market Revenue (USD Billion) Overview, by Country, 2021-2027
8.1.3 Europe Virtual Healthcare Market Revenue (USD Billion) and Growth Rate (%), 2021-2027
8.1.4 Europe Virtual Healthcare Revenue (USD Billion) Overview, by Type, 2021-2027
8.1.5 Europe Virtual Healthcare Revenue (USD Billion) Overview, by Application, 2021-2027
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