Press release
Virtual Visits Market Boosted by Increased Use of Mobile Health Applications and High-Speed Connectivity Across Emerging Regions
Virtual Visits Market
According to the latest research by InsightAce Analytic, the global Virtual Visits market is valued at USD 25.00 Billion in 2024, and it is expected to reach USD 254.12 Billion by the year 2034, with a CAGR of 26.2% during a forecast period of 2025-2034.
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The expansion of virtual care services is being significantly propelled by advancements in telecommunications infrastructure. The widespread adoption of home healthcare services, cost-efficient treatment options, and limited infrastructure requirements have collectively enabled the growth of virtual consultations. These virtual visits have transformed the healthcare landscape by reducing the need for in-person hospital visits, minimizing patient wait times, and alleviating physical strain on patients. A key factor contributing to the rising demand for virtual visits is the growing patient base, particularly those managing chronic illnesses. Virtual consultations have proven to be effective tools for the continuous monitoring and treatment of such conditions, resulting in increased adoption among this demographic.
The ongoing digital transformation and rising patient engagement with healthcare technologies are anticipated to be major drivers of market growth in the coming years. Additionally, the increasing prevalence of chronic diseases and the ageing global population are expected to further boost demand for virtual visit services. However, the growth trajectory of the virtual visit market may be moderated by its current utilization within medical education and training environments.
Moreover, elevated costs associated with software and hardware infrastructure are likely to pose challenges to widespread adoption, particularly among smaller healthcare providers. Nonetheless, advancements in remote patient monitoring, AI-powered triage solutions, and next-generation data sharing and interoperability tools are expected to unlock new opportunities for market expansion. Despite these positive developments, unresolved issues related to legal frameworks, reimbursement policies, patient privacy, quality of care, and continuity may hinder the broader adoption of virtual visit solutions in the near term.
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North America is anticipated to be the major contributor to the Virtual Visits market over the forecast years because more people are utilizing cutting-edge technologies. The development of cloud-based apps and platforms and the emergence of start-ups producing and delivering these advanced solutions are expected to drive the regional market in the ensuing years. The presence of significant vital players will also help the need for virtual visits in the area grow throughout the forecast period. In addition, the Asia Pacific Virtual Visits market is expected to grow significantly during the forecast period due to increased internet usage and expanding digitalization, especially in the wake of COVID-19. Additionally, it is projected that the region's market for virtual visits will rise in the coming years due to the rising use of smartphones and the internet.
Major market players operating in the Virtual Visits market include
Dialogue, Doctor On Demand, Doxy(.) ME, Eagle Telemedicine, Edgemed Healthcare, eVisit, HealthTap, Health at Hand, AMD Global Telemedicine, American Well, Koninklijke Philips, Teladoc Health, Banner Health, Beato, Blue Sky MD, Careclix, Cerner, CHI Health, Chiron Health, CVS Health, HealthHero, Instapract, MDLive, MediBuddy, MFine, NeuroSynaptic Communications, Nextcare, Optum, Plushcare, Piedmont Healthcare, Practo, RO, Reecuro Health, SteadyMD, SOC Telemed, TRUDOC Healthcare, Vidyo, VSee, Walmart Health Virtual Care, and Zipnosis.
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Recent collaborations and agreements in the market:
• In June 2021, The Federal Communications Commission (FCC) started a connected care pilot program, for which it permitted to start of a three-year study.
• In June 2020, the Leading telehealth vendor InTouch Health was purchased by Teladoc Health, Inc., a well-known virtual healthcare provider with headquarters in the US. The acquisition is anticipated to aid in creating thorough telemedicine and virtual visit tactics.
Market Segments
Global Virtual Visits Market, by Component, 2022-2030 (Value US$ Mn)
• Service
• Hardware
Global Virtual Visits Market, by Application, 2022-2030 (Value US$ Mn)
• General Consultation
• Behavioral Health
• Chronic Care Management
• Urgent Care
• Others
Global Virtual Visits Market, by Patient Group, 2022-2030 (Value US$ Mn)
• Adults
• Paediatric
Global Virtual Visits Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Virtual Visits Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Virtual Visits Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Virtual Visits Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Virtual Visits Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Virtual Visits Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Virtual Visits market
To receive an industry overview and future trends of the Virtual Visits market
To analyze the Virtual Visits market drivers and challenges
To get information on the Virtual Visits market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Virtual Visits market industry
Read Overview Report- https://www.insightaceanalytic.com/report/global-virtual-visits-market/1331
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 607 400-7072
Asia: +91 79 72967118
info@insightaceanalytic.com
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