Press release
Virtual Healthcare Delivery Market Report, Size with Growth Research 2021 | Industry Overview by Top Players - American Well, Biotelemetry, Blue Sky Telehealth, Cisco Systems, Honeywell International, McKesson Corporation, OBS Medical
Virtual Healthcare Delivery
Market Overview
A rise in the number of patients related to life-associated chronic disease, aging population coupled with the proliferating internet penetration across the globe is one of the key factors contributing to the market of global virtual healthcare delivery. In a study, it was found that around 60% of the total population uses the internet and the number of internet users’ is growing at an annual rate of 7%. It means around 8,75,000 new users of the internet each day is growing up. Furthermore, the benefits of virtual healthcare such as saves time and money, prevention from infections at healthcare centers, and the option for a second opinion at the same time are also influencing the market growth. Additionally, the IT investments healthcare sector and advancement of technologies that help in facilitating health care providers to connect with patients and consulting practitioners across extensive distances and the saves time and travel of the patient is a leading factor for the market rise. As per a study by Cisco, globally more than 74% of Consumers are open to virtual doctor visits.
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COVID-19 Impact
The COVID-19 pandemic gave a robust boom to the virtual healthcare delivery market as the World Health Organization (WHO) recommended using virtual healthcare delivery for the purpose to reduce the need for the person to go to health care facilities to evaluate suspected cases of COVID-19 disease. Moreover, the industry registered an exhibit growth in the number of patients for a virtual consultation. Also, healthcare service providers embrace virtual consultations to meet patients’ needs during the pandemic. Also, in a survey, it was found that “90% of surgeons had used virtual consultation for patient consultations and outpatient clinics during the covid-19 pandemic”. Furthermore, as per a health-tech platform Practo, the company registered 500% growth in the online consultation from March to May in 2020.
Global Virtual Healthcare Delivery Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
By Platform Type, the market is primarily bifurcated into
• Video Consulting
• Audio Consulting
• Messaging
• KIOSKS
The video consultation segment dominated the by platform type of the global virtual healthcare delivery market and will grow at 28% CAGR to reach US$ 80.5 billion by the year 2027.
By Components, the market is primarily segmented into
• Solution
• Services
Amongst components, the services segment accounted for the largest share and is expected to grow at a 25.3% CAGR during the forecast period 2021-2027. In 2019, the services segment accounted for a revenue share of almost 58.3%.
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By Delivery Mode, the market is primarily segmented into
• Web/Telephonic
• Call Centres
In 2019, the Web/Telephonic segment dominated the global virtual healthcare delivery market with nearly 73.5% of the market share and it is anticipated by 2027, the segment will garner US$ 100 billion of the market.
By Specialty, the market is primarily segmented into
• Cardiology
• Radiology
• Psychiatry
• Urgent Care
• Remote ICU
• Dermatology
• Others
In 2019, the radiology segment dominated the global virtual healthcare delivery market with nearly 29.7% of the market share and it is anticipated by 2027, the segment will garner US$ 33.1 billion of the market.
By End-Users, the market is primarily fragmented into
• Payers
• Providers
• Patients
• Others
Amongst end-users, providers accounted for the largest share and is expected to grow at 25.6% CAGR during the forecast period 2021-2027. In 2019, the providers' segment accounted for a revenue share of 51.4% in 2019.
Digital Virtual Healthcare Delivery Market Geographical Segmentation Includes:
• North America
• South America
• Middle East & Africa
• Europe
• Asia-Pacific
Based on the estimation, the North America region dominated the virtual healthcare delivery market with almost US$ 9.4 billion revenue in 2019. At the same time, the Asia-Pacific region is expected to grow remarkably with a CAGR of 26.7% over the forecast period on account of the internet penetration & growing awareness about its benefits.
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The major players targeting the market includes
• Allscripts Healthcare Solutions
• American Well
• Biotelemetry
• Blue Sky Health
• Cisco Systems
• Honeywell International
• McKesson Corporation
• OBS Medical
• SOC Telemed
• MDLive, Inc.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the virtual healthcare delivery market. The leading players have been analyzed by using research methodologies for getting insight views on global competition.
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Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the virtual healthcare delivery market?
• Which factors are influencing the virtual healthcare delivery market over the forecast period?
• What are the global challenges, threats, and risks in the virtual healthcare delivery market?
• Which factors are propelling and restraining the virtual healthcare delivery market?
• What is the demand in global regions of the virtual healthcare delivery market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.
Contact us:
UnivDatos Market Insights (UMI)
Email: sales@univdatos.com
Web: https://univdatos.com
Ph: +91 7838604911
About Us:
UnivDatos Market Insights (UMI), is a passionate market research firm and a subsidiary of Universal Data Solutions. Rigorous secondary and primary research on the market is our USP, hence information presented in our reports is based on facts and realistic assumptions. We have worked with 200+ global clients, including some of the fortune 500 companies. Our clientele praises us for quality of insights, In-depth analysis, custom research abilities and detailed market segmentation.
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