Virtual Companion Care Market Giants Spending Is Going To Boom : CareFirst, United HealthCare Services, Lares Home Care

The latest study released on the Global Virtual Companion Care Market by AMA Research evaluates market size, trend, and forecast to 2027. The Virtual Companion Care market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.

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Key Players in This Report Include: Lares Home Care, LLC (United States), iCare Home Healthcare Services (United States), Claris Healthcare (Canada), AT&T (United States), Living Assistance Services (Canada), Philips (Netherlands), United HealthCare Services (United States), THA Group (United States), Synzi (United States), CareFirst (United States), Amwell (United States), Verizon (United States).

Definition: Virtual companion care is the service that provides elderly people or people with disabilities the social and emotional support they need to live happy and healthy lives, while their caregiver monitors their activity remotely, in real-time, from an application on their smartphone. This type of care has effectively reduced isolation and loneliness for many seniors. The rapidly growing geriatric population, technological advancements, and penetration of technology are the major factors driving the global market growth.

Market Opportunities:
Technological Advancement fuelling Virtual Companion Care

Market Trends:
Emerging Platforms for Virtual Companion Care
Emerging Technologies are Offering New and Intriguing Methods of Providing Virtual Companion Care

Market Drivers:
Growing Demand for Medical Advices and Treatment via Electronics
Increasing Older Population coupled with Busy Life Schedule
Surging Implementation of Virtual Companion Care to ease the Burden on Adult Children, as well as Assist Elderly Adults

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On 1st May 2020, Lares Home Care, LLC is introduced its 24/7 virtual caregiver solution envoyatHome, to their homecare service offerings. It enables senior loved one to remain in their home and live independently, while their caregiver monitors their activity remotely, in real time, from an application on their smart phone. Lares Home Care offers a virtual caregiving by envoyatHome to both new and current clients, either as a supplemental or individual care option. and On 1st March 2021, HealthTap, a leading virtual healthcare provider, announced plans to offer virtual Primary Care services across the U.S. The service is currently available in seven states and will roll out to the rest of the country over the next several weeks. HealthTap Primary Care lets members choose their doctor, see the same doctor for subsequent visits, and book appointments online.

The Global Virtual Companion Care Market segments and Market Data Break Down are illuminated below:
by Type (Medication Management Service, Personal Safety Monitoring Service), Application (Rehabilitation Centers, Long-term Care Centers, Home Care Settings), Platform (Smart Phone, Windows, Others), Deployment (Cloud, SaaS, Web-Based, Others)

Global Virtual Companion Care market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
North America (United States, Mexico & Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report
-To carefully analyze and forecast the size of the Virtual Companion Care market by value and volume.
-To estimate the market shares of major segments of the Virtual Companion Care
-To showcase the development of the Virtual Companion Care market in different parts of the world.
-To analyze and study micro-markets in terms of their contributions to the Virtual Companion Care market, their prospects, and individual growth trends.
-To offer precise and useful details about factors affecting the growth of the Virtual Companion Care
-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Virtual Companion Care market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

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Major highlights from Table of Contents:

Virtual Companion Care Market Study Coverage:
It includes major manufacturers, emerging player's growth story, and major business segments of Virtual Companion Care market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
Virtual Companion Care Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
Virtual Companion Care Market Production by Region Virtual Companion Care Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Virtual Companion Care Market Report:
Virtual Companion Care Overview, Definition and Classification Market drivers and barriers
Virtual Companion Care Market Competition by Manufacturers
Impact Analysis of COVID-19 on Virtual Companion Care Market
Virtual Companion Care Capacity, Production, Revenue (Value) by Region (2022-2027)
Virtual Companion Care Supply (Production), Consumption, Export, Import by Region (2022-2027)
Virtual Companion Care Production, Revenue (Value), Price Trend by Type {Medication Management Service, Personal Safety Monitoring Service}
Virtual Companion Care Market Analysis by Application {Rehabilitation Centers, Long-term Care Centers, Home Care Settings}
Virtual Companion Care Manufacturers Profiles/Analysis Virtual Companion Care Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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Key questions answered
How feasible is Virtual Companion Care market for long-term investment?
What are influencing factors driving the demand for Virtual Companion Care near future?
What is the impact analysis of various factors in the Global Virtual Companion Care market growth?
What are the recent trends in the regional market and how successful they are?

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