1. Market Research
  2. > Healthcare Market Trends
Remote Healthcare (mHealth, Tele-ICUs, & Virtual Health) Market - Global Outlook and Forecast 2020-2025

Remote Healthcare (mHealth, Tele-ICUs, & Virtual Health) Market - Global Outlook and Forecast 2020-2025

  • July 2020
  • 390 pages
  • ID: 5353176
  • Format: PDF
  • Arizton
Up to $1100 off Until Aug 10th 2020

Summary

Table of Contents

Search Inside

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Remote Healthcare Market Report

The global remote healthcare market by revenue is expected to grow at a CAGR of over 33% during the period 2019–2025.

The global remote healthcare market size will reach $11 billion in 2020 and is witnessing growth on account of the growing integration of telecommunications with medical services, which are reducing healthcare expenditure. Remote health is revolutionizing the healthcare industry as it minimizes hospital visits and reduces patient waiting time. The high spending on healthcare IT collaborations by major stakeholders is contributing to growth. The growing incidence of several chronic conditions such as diabetes, cardiac diseases, and hypertension is influencing growth worldwide.

The outbreak of the COVID-19 pandemic, which has affected around 6.29 million and resulted in about 380,000 deaths across the globe till June 4, 2020, is expected to influence the market during the forecast period. The rapid spread of the virus both in developed and developing countries are focusing on telehealth and remote monitoring. Public healthcare bodies in several countries are recommending people to utilize remote solutions.

The following factors are likely to contribute to the growth of the remote healthcare market during the forecast period:

•Favorable Government Initiatives
•Emergence of New Pandemic Challenge
•Increasing Usage of Remote Healthcare in Outpatient Clinics & Specialists
•Surge in Virtual Visit

The study considers the present scenario of the remote healthcare market and its market dynamics for the period 2019?2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Global Remote Healthcare Market Segmentation
The global remote healthcare market research report includes a detailed segmentation by service, end-user, and geography. The real-time virtual health segment accounted for over 46% of the global remote healthcare market share in 2019. The growing incidences of cardiac diseases and strokes impact the growth of the real-time virtual health segment. The adoption of remote monitoring is expected to rise with advances in technology and high penetration of smart gadgets across the globe.

The remote patient monitoring (RPM) segment is growing is expected to grow at a significant rate during the forecast period. This growth can be attributed to the growing prevalence of chronic diseases in the rising geriatric population that requires regular monitoring and quality facilities. RPM mainly focuses on providing high-quality services to people with a broad range of chronic conditions in their homes. Among all chronic conditions, RPM is widely used for cardiovascular diseases and diabetes management. The demand for self-care monitoring technologies such as blood pressure monitors, glucose meters, cardiac monitors, pulse oximeters, and fitness devices is increasing.
Healthcare providers are the major end-users using telehealth platforms to improve the quality of healthcare among patients. Hospitals are the most significant revenue contributors to the market, as most telehealth services are provided through them. They are embracing the use of telehealth platforms as they offer benefits such as the ability to perform high-tech monitoring without requiring patients to leave their homes.

The patient segment accounted for over 31% share of the market. The segment is the second-largest contributor to the telehealth market globally. Treatment methods have changed drastically over the last few years, with patients prioritizing self-care and homecare treatment options as they are convenient and save a significant amount of time and costs.

The study considers the present scenario of the remote healthcare market and its market dynamics for the period 2019?2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Segmentation by Service
•Real Time Virtual Health
oVideo Communication
oAudio Communication
oChat/Email Communication
•Remote Patient Monitoring
•Tele-ICUs
Segmentation by End-user
•Healthcare Providers
•Patients
•Employer Groups & Government Organizations
•Payers

INSIGHTS BY GEOGRAPHY

The North American market is growing at a faster rate than all other regions and is likely to retain its dominance during the forecast period. The growth in the region is mainly attributed to multiple factors, including the availability of sophisticated healthcare infrastructure, availability of reimbursement coverage for telehealth, and favorable government initiatives and reforms supporting digital health. Furthermore, as the North American population, particularly in the US, is diagnosed with coronavirus, health agencies have urged hospitals to expand their use of remote health such as telehealth services to prevent the spread of the virus.

In 2019, Europe accounted for a 28% share in the global remote healthcare market. Europe is the second-largest market globally. It is growing at a healthy rate and is expected to grow at a similar pace during the forecast period. UK, France, Germany, Italy, Spain, and the Netherlands, are the major revenue generators in the region.

Segmentation by Geography
•North America
oUS
oCanada
•Europe
oUK
oGermany
oFrance
oItaly
oSpain
oNetherlands
•APAC
oChina
oJapan
oAustralia
oIndia
oSouth Korea
•Middle East & Africa
oSouth Africa
oSaudi Arabia
oTurkey
oUAE
•Latin America
oBrazil
oMexico
oArgentina

INSIGHTS BY VENDORS
The global remote healthcare market share is highly dynamic and fragmented, with the presence of several medical device manufacturers, software/application providers, and telehealth service providers. Medical device manufacturers are collaborating with software/application developers and service providers to enhance the quality of care to patients. The rapidly changing technological advancements have a significant impact on the overall market as patients and clinicians are looking for remote patient monitoring platforms with innovative and advanced features.

Prominent Vendors
•Advanced ICU Care
•AirStrip Technologies
•American Well
•BioTelemetry
•InTouch Technologies
•Koninklijke Philips
•Medtronic
•Resideo Life Care Solutions
•Teladoc Health
•Vivify Health

Other Prominent Vendors
•Abbott
oBusiness Overview
oProduct Offerings
•Accuhealth Technologies
•Aerotel Medical Systems
•Altibbi
•AMD Global Telemedicine
•Analoge Eclipse Consultants
•Appello
•athenahealth
•AT&T
•Babylon
•binah.ai
•Biotricity
•BIOTRONIK
•Buoy Health
•CallHealth Services
•Care Innovations
•Cerner
•CHI Health
•Comarch
•Current Health
•Dictum Health
•DocOnline Health
•DocPrime
•Doctor Anywhere
•Doctor On Demand
•edgeMED Healthcare
•Encounter Telepsychiatry
•eVisit
•GE Healthcare
•Graham Healthcare Group
•GYANT
•Halodoc
•Harris Computer
•HealthHub
•HealthTap
•Health Telematic Network
•HotDoc
•iHealth Labs
•Imedi Plus
•INOVA
•iPatientCare
•Integrity Urgent Care
•INTeleICU
•Intercept TeleMed
•iSelectMD
•KRY
•Maple
•MDLIVE
•Medgate
•Medici
•MEDIHERE
•Medisanté
•MedTel Healthcare
•MeMD
•Mercy Virtual
•MesDocteurs
•MedXCom
•mfine
•MouthWatch
•MTBC
•MyDoc
•NextGen Healthcare
•Orion Health
•Ping An Healthcare and Technology Company
•PlushCare
•Patientus
•Push Doctor
•QHR Technologies
•Qualcomm Life
•SHL Telemedicine
•Siemens Healthineers
•SnapMD
•SOC Telemed
•Teleclinic
•TeleICUCare
•Telemedicine Technologies
•TeleSpecialists
•TeleVital
•Telit
•TELUS Health
•THA Group
•Dhanush Digital Health
•Vidyo
•VitalTech
•Virtual Health Care
•VSee
•virtuwell
•VivaLNK
•Spacelabs Healthcare
•VirtualHealth
•Vodafone
•Welldoc
•ZIPNOSIS

KEY QUESTIONS ANSWERED:
1.What is the remote healthcare market size and growth rate during the forecast period?
2.What are the factors impacting the growth of the global remote patient monitoring system market?
3.How is the usage of IoT in healthcare impacting the Europe remote monitoring market?
4.Who are the leading vendors in the remote healthcare market, and what are their market shares?
5.Which service/end-user/segment is the largest revenue-generating segment during the forecast period?

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
20% Off

($3995)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2020

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on