Remote Healthcare Market Size 2023-2028: Top Companies, Industry Growth, Trends, Revenue, Forecast

The latest research study "Remote Healthcare Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that the global remote healthcare market size reached US$ 9.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.3 Billion by 2028, exhibiting a growth rate (CAGR) of 16.71% during 2023-2028.

Remote healthcare represents a category of telemedicine and information technology (IT) services that enable doctors to constantly monitor the health status of patients and offer them proper medical assistance via smartphones and tablets over the internet. It encompasses remote patient monitoring (RPM), real-time virtual health, tele-ICU as standard services, etc. Unlike traditional healthcare settings, remote healthcare allows patients to engage in health management operations and eliminates the requirement of extensive nursing. It is cost-efficient as hospitalization expenses are uninvolved. In line with this, remote healthcare reduces patient waiting time, performs preventive and controlled check-ups outside medical facilities, minimizes hospital visits, decreases the risk of disease transmission, etc. Consequently, it finds extensive applications in hospitals and clinics to engage, access better patient data, and provide improved treatments for faster recovery.

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Remote Healthcare Market Trends and Drivers:

The increasing shortages of ICU beds and the growing risk of disease transmissions and hospital-acquired infections (HAIs) among patients via physical contact are among the key factors stimulating the remote healthcare market. Moreover, the launch of favorable initiatives by government bodies for funding and promoting digital healthcare applications to avoid hospital visits, especially during the COVID-19 pandemic, is positively influencing the global market. Besides this, the rising prevalence of cardiovascular diseases (CVDs) and the inflating need for real-time virtual health services for regular patient monitoring are also propelling the market growth. Furthermore, the introduction of medical health (mHealth) solutions and the elevating integration of telecommunications and artificial intelligence (AI) platforms with medical services are further bolstering the global market. Apart from this, the expanding healthcare sector and the development of next-generation electrocardiograms (ECGs), sleep monitors, wearable gadgets, and smartphone technologies with video, audio, and chat box features are anticipated to fuel the remote healthcare market over the forecasted period.

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Remote Healthcare Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Abbott Laboratories
• Airstrip Technologies Inc.
• American Well Corporation
• BioTelemetry Inc. (Philips Holding USA Inc.)
• Biotronik
• ClearArch Inc. (MobileHelp LLC)
• Hicuity Health
• Medtronic plc
• Teladoc Health Inc.
• University of Pittsburgh Medical Center and Vivify Health Inc.

The report has segmented the market on the basis of

Breakup by Service:

• Remote Patient Monitoring
• Real Time Virtual Health
o Video Communication
o Audio Communication
o Email/Chat box
• Tele-ICU

Breakup by Application:

• Diagnosis
• Cardiology
• Obstetrics
• Senior Care
• Others

Breakup by End User:

• Payer
• Provider
• Patient
• Employer Groups and Government Organizations

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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