All updated as on -
From an anticipated $8.24 billion in 2022, the worldwide virtual care industry is anticipated to soar to $76.29 billion in 2030, expanding at a CAGR of 34.1 percent.
The expansion of healthcare access, particularly in rural areas, is a pressing concern. The global patient population is on the rise, and there is a scarcity of physicians to meet this demand. Technological advancements in communications and healthcare are also driving forces in the virtual care market. Nevertheless, there will likely be some limitations on the expansion of this sector in the next years due to regulatory inconsistencies and reimbursement concerns related to virtual care.
By utilizing modern technology like audio, video, or written communication, virtual care enables the treatment of individuals coping with various health concerns. Virtual visits, conducted via communication equipment owned by both patients and doctors located in different locations, are also a part of this. As a result, it provides a comprehensive analysis of key aspects like market drivers, trends, constraints, challenges, and potential prospects. Furthermore, this evaluation report provides credible data on virtual care market share, sales volume, revenue, and sales price. Based on various crucial characteristics including consultation type, end-user, and region, the report analysts have segmented the worldwide virtual care market. The market is divided into three segments based on the type of consultation: audio, kiosks, and video.
The term "virtual care" describes the delivery of medical treatment through remote usage of electronic devices and networks. Numerous uses are encompassed by it, such as virtual consultations, remote monitoring, telemedicine, and telehealth. Patients no longer have to leave the convenience of their own homes to receive healthcare services; virtual care makes it possible to do so. Virtual care has the potential to enhance patient outcomes, save money, and speed up the administration of treatment compared to more conventional methods. Although there are some drawbacks to virtual care, technology could revolutionize healthcare delivery and increase patient access, especially in underserved or faraway places.
A patient and a healthcare facility can engage in virtual care through the use of various forms of electronic communication. One form of communication technology that enables virtual meetings to occur in real time is video or audio connectivity. With virtual care, everyone involved in the medical process—from patients to doctors—can stay in constant, real-time contact regardless of their physical location. Virtual care is associated with many advantages, such as real-time interaction, the removal of geographical obstacles, time and money savings, and more. There is great promise for virtual care in the field of disease management, which necessitates frequent check-ins.
White papers, annual reports, corporate house documents, investor presentations, and SEC filings of corporations were among the many secondary sources utilized throughout the research process. Other databases used in this endeavor included Bloomberg Businessweek, Factiva, and D&B Hoovers. Obtaining relevant data for the comprehensive, technical, market-focused, and commercial analysis of the virtual care sector required a heavy reliance on secondary sources. crucial data regarding market segmentation and classification according to industry trends down to the most basic level, as well as crucial advancements in market and technology perspectives, were also retrieved using this method. Also, using secondary sources, a database of important industry leaders was created.
To compile the qualitative and quantitative data included in this report, the primary research method involved interviewing a wide range of sources from the supply and demand sides. Experts in the field, including chief executive officers, VPs, directors of marketing and sales, directors of technology and innovation, and other relevant senior executives from leading organizations and firms in the virtual care sector, make up the bulk of the supply side sources. Experts in the field, purchasing and sales managers, medical professionals, and employees of healthcare institutions and retirement communities made up the bulk of the demand side sources. The market segmentation was validated, important market participants were identified, and insights into important industry trends and market dynamics were gleaned through primary research.
Because of the convenience and adaptability offered by internet-connected devices, the healthcare industry is witnessing a surge in the use of various cutting-edge technologies, including virtual care. In addition, virtual care services are becoming more popular as patients may access second opinions from trained medical experts through online platforms. Patients may do a lot of things with virtual care, including consultations, meetings, check-ins, and seeing where their reports stand. Further applications of this method include the treatment of conditions requiring ongoing monitoring. Therefore, the worldwide virtual care market is anticipated to experience substantial rise in the coming years, driven by the rising number of people dealing with serious health conditions including diabetes and hypertension.
Report Coverage
Global Virtual Care research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Virtual Care report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Virtual Care competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Virtual Care market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Virtual Care market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Virtual Care market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
American Well (US), AMD Global Telemedicine (US), CHI Health (US), AT&T (US), Cerner Corporation (US), GE Healthcare (US), Koninklijke Philips N.V. (The Netherlands), MDLIVE (US), Siemens Healthcare (Germany), United Healthcare Services (US), VeeOne Health (US), eVisit (US), MEDITECH (US), Caregility (US) and Teladoc Health (US) among others
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Virtual Care market based on the below-mentioned segments:
Global Virtual Care Market, By Component
Software & Services
Hardware
Global Virtual Care market, By Application
Allergy & Immunology
Pediatrics
Family Medicine
Internal Medicine
Dermatology
Cardiology
Others
Global Virtual Care Market, By End User
Hospitals & Clinics
Pharmacies
Others
Global Virtual Care market, Regional Analysis
The expansion of healthcare access, particularly in rural areas, is a pressing concern. The global patient population is on the rise, and there is a scarcity of physicians to meet this demand. Technological advancements in communications and healthcare are also driving forces in the virtual care market. Nevertheless, there will likely be some limitations on the expansion of this sector in the next years due to regulatory inconsistencies and reimbursement concerns related to virtual care.
By utilizing modern technology like audio, video, or written communication, virtual care enables the treatment of individuals coping with various health concerns. Virtual visits, conducted via communication equipment owned by both patients and doctors located in different locations, are also a part of this. As a result, it provides a comprehensive analysis of key aspects like market drivers, trends, constraints, challenges, and potential prospects. Furthermore, this evaluation report provides credible data on virtual care market share, sales volume, revenue, and sales price. Based on various crucial characteristics including consultation type, end-user, and region, the report analysts have segmented the worldwide virtual care market. The market is divided into three segments based on the type of consultation: audio, kiosks, and video.
The term "virtual care" describes the delivery of medical treatment through remote usage of electronic devices and networks. Numerous uses are encompassed by it, such as virtual consultations, remote monitoring, telemedicine, and telehealth. Patients no longer have to leave the convenience of their own homes to receive healthcare services; virtual care makes it possible to do so. Virtual care has the potential to enhance patient outcomes, save money, and speed up the administration of treatment compared to more conventional methods. Although there are some drawbacks to virtual care, technology could revolutionize healthcare delivery and increase patient access, especially in underserved or faraway places.
A patient and a healthcare facility can engage in virtual care through the use of various forms of electronic communication. One form of communication technology that enables virtual meetings to occur in real time is video or audio connectivity. With virtual care, everyone involved in the medical process—from patients to doctors—can stay in constant, real-time contact regardless of their physical location. Virtual care is associated with many advantages, such as real-time interaction, the removal of geographical obstacles, time and money savings, and more. There is great promise for virtual care in the field of disease management, which necessitates frequent check-ins.
White papers, annual reports, corporate house documents, investor presentations, and SEC filings of corporations were among the many secondary sources utilized throughout the research process. Other databases used in this endeavor included Bloomberg Businessweek, Factiva, and D&B Hoovers. Obtaining relevant data for the comprehensive, technical, market-focused, and commercial analysis of the virtual care sector required a heavy reliance on secondary sources. crucial data regarding market segmentation and classification according to industry trends down to the most basic level, as well as crucial advancements in market and technology perspectives, were also retrieved using this method. Also, using secondary sources, a database of important industry leaders was created.
To compile the qualitative and quantitative data included in this report, the primary research method involved interviewing a wide range of sources from the supply and demand sides. Experts in the field, including chief executive officers, VPs, directors of marketing and sales, directors of technology and innovation, and other relevant senior executives from leading organizations and firms in the virtual care sector, make up the bulk of the supply side sources. Experts in the field, purchasing and sales managers, medical professionals, and employees of healthcare institutions and retirement communities made up the bulk of the demand side sources. The market segmentation was validated, important market participants were identified, and insights into important industry trends and market dynamics were gleaned through primary research.
Because of the convenience and adaptability offered by internet-connected devices, the healthcare industry is witnessing a surge in the use of various cutting-edge technologies, including virtual care. In addition, virtual care services are becoming more popular as patients may access second opinions from trained medical experts through online platforms. Patients may do a lot of things with virtual care, including consultations, meetings, check-ins, and seeing where their reports stand. Further applications of this method include the treatment of conditions requiring ongoing monitoring. Therefore, the worldwide virtual care market is anticipated to experience substantial rise in the coming years, driven by the rising number of people dealing with serious health conditions including diabetes and hypertension.
Report Coverage
Global Virtual Care research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Virtual Care report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Virtual Care competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Virtual Care market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | American Well (US), AMD Global Telemedicine (US), CHI Health (US), AT&T (US), Cerner Corporation (US), GE Healthcare (US), Koninklijke Philips N.V. (The Netherlands), MDLIVE (US), Siemens Healthcare (Germany), United Healthcare Services (US), VeeOne Health (US), eVisit (US), MEDITECH (US), Caregility (US) and Teladoc Health (US) among others |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Virtual Care Market from 2021 to 2030.
- Market Forecast for Virtual Care Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Virtual Care competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Virtual Care
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Virtual Care market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Virtual Care market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
American Well (US), AMD Global Telemedicine (US), CHI Health (US), AT&T (US), Cerner Corporation (US), GE Healthcare (US), Koninklijke Philips N.V. (The Netherlands), MDLIVE (US), Siemens Healthcare (Germany), United Healthcare Services (US), VeeOne Health (US), eVisit (US), MEDITECH (US), Caregility (US) and Teladoc Health (US) among others
Primary Target Market
- Market Players of Virtual Care
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Virtual Care market based on the below-mentioned segments:
Global Virtual Care Market, By Component
Software & Services
Hardware
Global Virtual Care market, By Application
Allergy & Immunology
Pediatrics
Family Medicine
Internal Medicine
Dermatology
Cardiology
Others
Global Virtual Care Market, By End User
Hospitals & Clinics
Pharmacies
Others
Global Virtual Care market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive virtual care market market research and competitor analysis for your business to help you develop more profound insights into the virtual care market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the virtual care market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.