Remote Healthcare Market Size, Share, Growth Analysis, and Forecast 2030

Remote Healthcare Market

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

Category: Healthcare Report Format : PDF Pages: 110 Report Code: ZMR-6397 Published Date: Jun-2021 Status : Published
Market Size in 2019 Market Forecast in 2026 CAGR (in %) Base Year
   USD 10.6 Billion       USD 37.5 Billion      32.1%    2019

Global Remote Healthcare Market Size

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 an 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).

Remote Healthcare Market: Overview

Remote healthcare is a telemedicine solution that helps in the continuous monitoring of the condition of the patient. In addition to this, it also assists in determining the 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, the pharma industry makes utilization of remote healthcare systems for enhancing sales & marketing operations along with improving the 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.

Global Remote Healthcare Market SizeRequest Free Sample

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 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.

Remote Healthcare Market: Report Scope

Report Attributes Report Details
Report Name Remote Healthcare Market Report
Market Size in 2019 USD 10.6 Billion
Market Forecast in 2026 USD 37.5 Billion
Growth Rate CAGR of 32.1%
Number of Pages 110
Key Companies Covered BioTelemetry, AirStrip Technologies, Koninklijke Philips, Vivify Health, Medtronic Corporation, Resideo Life Care Solutions, and InTouch Technologies.
Segments Covered By Service, By End-User, and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2019
Historical Year 2015 to 2019
Forecast Year 2020 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

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

Methodology

FrequentlyAsked 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.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed