Remote Healthcare Market - Global Industry Analysis

Remote Healthcare Market - By Service (Real Time Virtual Health Communication Service, Remote Patient Monitoring Service, and Tele-ICUs Service), By End-User (Private Healthcare Service Providers, Employer Groups, Private Medical Insurance Firms, Government Healthcare Insurance Organizations, and Government Healthcare Institutions), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 17-Jun-2021 Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-6397 Status : Published

The global Remote Healthcare market accrued earnings worth approximately 10.6 (USD Billion) in 2019 and is predicted to gain revenue of about 37.5 (USD Billion) by 2026, is set to record a CAGR of nearly 32.1% over the period from 2020 to 2026.

Description

The global Remote Healthcare market accrued earnings worth approximately  10.6 (USD Billion) in 2019 and is predicted to gain revenue of about 37.5 (USD Billion) by 2026, is set to record a CAGR of nearly 32.1% over the period from 2020 to 2026. The report offers assessment and analysis of the Remote Healthcare market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

 

Remote Healthcare Market: Overview

Remote healthcare is a telemedicine solution that helps in continuous monitoring of condition of patient. In addition to this, it also assists in determining performance of healthcare check-ups from remote places through smartphones & iPhones. Moreover, remote healthcare activities include monitoring patients from distant locations in real time along with making timely intrusions.  It is massively utilized by BioPharma firms for determining and engaging with subjects to bring improvement in the results. Moreover, pharma industry makes utilization of remote healthcare systems for enhancing     sales & marketing operations along with improving speed of clinical experiments.

Remote Healthcare Market: Growth Drivers

Large-scale expenditure on healthcare IT sector by government institutions as well as private firms will spike the surge of remote healthcare industry over the assessment period. In addition to this, rise in the occurrence of chronic conditions like cardiac issues, high blood pressure, and diabetes will prompt the industry landscape over the ensuing years. Apparently, increase in the lockdown period due to rapid spread of COVID 19 pandemic has created ample of business growth opportunities for remote healthcare industry players. With thriving telehealth industry and remote health monitoring activities across the globe, the market for remote healthcare is likely to gain huge impetus over the coming years.

Moreover, rise in smartphone penetration in the healthcare sector along with surge in medical transcription activities and increase in the use of mHealth apps will embellish the market growth over 2020-2026. Additionally, supportive government schemes and acceptance of internet of medical things systems has not only brought a paradigm shift in the healthcare sector but has created a strong foothold for remote healthcare industry in the recent years. Furthermore, information technology & software tools have favorably leveraged the earnings of each industry and healthcare domain is no exception to this. Additionally, the use of information technology in medical & healthcare sector has not only transformed its outlook but has rejuvenated & reinvented its functionalities & operations. This, in turn, has further promoted remote healthcare activities. All these aforementioned factors are anticipated to create a strong base for remote healthcare market growth in the foreseeable future.

Regional Landscape

North America To Make Notable Contributions Towards Overall Market Proceeds During 2020-2026

Remote healthcare market in North America is likely to reach its peak during 2020-2026 subject to large number of bio-pharma firms in the country opting for remote healthcare activities. With massive spread of COVID 19 pandemic in the U.S., physicians are focusing on providing remote healthcare services to patients, thereby increasing their engagement with patients along with capturing real-time information pertaining to patient care. Additionally, healthcare service providers in countries such as the U.S. and Canada try to achieve better patient outcomes through offering of effective online medical treatment services, thereby further driving regional market trends. Furthermore, rise in the consumerization of patient care & personal care activities integrated with massive utilization of sensor embedded wearable equipment & other medical digital systems in the developed countries such as Canada and the U.S. will offer an array of opportunities for remote healthcare industry to mark huge growth in the sub-continent. Thriving digital therapeutics & remote diagnostics & monitoring industry in the region will result in increment of remote healthcare industry size in the sub-continent.

Competitive Landscape

Key players profiled in the study include BioTelemetry, AirStrip Technologies, Koninklijke Philips, Vivify Health, Medtronic Corporation, Resideo Life Care Solutions, and InTouch Technologies.

The global Remote Healthcare Market is segmented as follows:

By Service

  • Real Time Virtual Health Communication Service
  • Remote Patient Monitoring Service
  • Tele-ICUs Service

By End-User

  • Private Healthcare Service Providers
  • Employer Groups
  • Private Medical Insurance Firms
  • Government Healthcare Insurance Organizations
  • Government Healthcare Institutions

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Remote Healthcare Market, 2016–2026(USD Billion)
    • 2.2. Remote Healthcare Market: Snapshot
  • Chapter 3. Global Remote Healthcare Market– Industry Analysis
    • 3.1. Remote Healthcare Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Huge spending on healthcare IT domain by government institutions as well as private firms will steer the surge of remote healthcare industry over the assessment period
      • 3.2.2. Rise in smartphone penetration in the healthcare sector along with spur in medical transcription activities & increase in the utilization of mHealth apps will uplift the market size over 2020-2026.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Service
      • 3.4.2. Market attractiveness analysis By End-User
  • Chapter 4. Global Remote Healthcare Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Remote Healthcare Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Technulogy launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Remote Healthcare Market– Service Analysis
    • 5.1. Global Remote Healthcare Market overview: By Service
      • 5.1.1. Global Remote Healthcare Market share, By Service , 2019 and 2026
    • 5.2. Real Time Virtual Health Communication Service
      • 5.2.1. Global Remote Healthcare Market by Real Time Virtual Health Communication Service, 2016–2026(USD Billion)
    • 5.3. Remote Patient Monitoring Service
      • 5.3.1. Global Remote Healthcare Market by Remote Patient Monitoring Service, 2016–2026(USD Billion)
    • 5.4. Tele-ICUs Service
      • 5.4.1. Global Remote Healthcare Market by Tele-ICUs Service, 2016–2026(USD Billion)
  • Chapter 6. Global Remote Healthcare Market– End-User Analysis
    • 6.1. Global Remote Healthcare Market overview: By End-User
      • 6.1.1. Global Remote Healthcare Market share, By End-User, 2019 and 2026
    • 6.2. Private Healthcare Service Providers
      • 6.2.1. Global Remote Healthcare Market by Private Healthcare Service Providers, 2016–2026(USD Billion)
    • 6.3. Employer Groups
      • 6.3.1. Global Remote Healthcare Market by Employer Groups, 2016–2026(USD Billion)
    • 6.4. Government Healthcare Insurance Organizations
      • 6.4.1. Global Remote Healthcare Market by Government Healthcare Insurance Organizations, 2016–2026(USD Billion)
    • 6.5. Government Healthcare Institutions
      • 6.5.1. Global Remote Healthcare Market by Government Healthcare Institutions, 2016–2026(USD Billion)
    • 6.6. Private Medical Insurance Firms
      • 6.6.1. Global Remote Healthcare Market by Private Medical Insurance Firms, 2016–2026(USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. BioTelemetry
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Technulogy Portfulio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. AirStrip Technulogies
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Technulogy Portfulio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Koninklijke Philips
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Technulogy Portfulio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Development
    • 7.4. Vivify Health
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Technulogy Portfulio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Development
    • 7.5. Medtronic Corporation
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Technulogy Portfulio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Resideo Life Care Sulutions
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Technulogy Portfulio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. InTouch Technulogies
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Technulogy Portfulio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development

Methodology


Frequently Asked Questions

Large-scale expenditure on healthcare IT sector by government institutions as well as private firms will spike the surge of remote healthcare industry over the assessment period. In addition to this, rise in the occurrence of chronic conditions like cardiac issues, high blood pressure, and diabetes will prompt the industry landscape over the ensuing years. Apparently, increase in the lockdown period due to rapid spread of COVID 19 pandemic has created ample of business growth opportunities for remote healthcare industry players. With thriving telehealth industry and remote health monitoring activities across the globe, the market for remote healthcare is likely to gain huge impetus over the coming years.

Moreover, rise in smartphone penetration in the healthcare sector along with surge in medical transcription activities and increase in the use of mHealth apps will embellish the market growth over 2020-2026. Additionally, supportive government schemes and acceptance of internet of medical things systems has not only brought a paradigm shift in the healthcare sector but has created a strong foothold for remote healthcare industry in the recent years. Additionally, the use of information technology in medical & healthcare sector has not only transformed its outlook but has rejuvenated & reinvented its functionalities & operations. This, in turn, has further promoted remote healthcare activities. All these aforementioned factors are anticipated to create a strong base for remote healthcare market growth in the foreseeable future.

According to Zion market research report, the global Remote Healthcare market accrued earnings worth approximately  10.6 (USD Billion) in 2019 and is predicted to gain revenue of about 37.5 (USD Billion) by 2026, is set to record a CAGR of nearly 32.1% over the period from 2020 to 2026.

North American Market is set to experience mounting accession over 2020-2026 subject to large number of bio-pharma firms in the country opting for remote healthcare activities. With massive spread of COVID 19 pandemic in the U.S., physicians are focusing on providing remote healthcare services to patients, thereby increasing their engagement with patients along with capturing real-time information pertaining to patient care. Additionally, healthcare service providers in countries such as the U.S. and Canada try to achieve better patient outcomes through offering of effective online medical treatment services, thereby further driving regional market trends. Furthermore, rise in the consumerization of patient care & personal care activities integrated with massive utilization of sensor embedded wearable equipment & other medical digital systems in the developed countries such as Canada and the U.S. will offer an array of opportunities for remote healthcare industry to mark huge growth in the sub-continent. 

The key market participants include BioTelemetry, AirStrip Technologies, Koninklijke Philips, Vivify Health, Medtronic Corporation, Resideo Life Care Solutions, and InTouch Technologies.

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