Remote Healthcare (mHealth, Tele-ICUs, & Virtual Health) Market Size to Reach Revenues of Over $11 Billion by 2020 - Arizton

CHICAGO, July 8, 2020 /PRNewswire/ -- Remote healthcare (mHealth, tele-ICUs, & virtual health) market is expected to grow at a CAGR of over 33% during the period 2019−2025.

Key Highlights Offered in the Report:  

1. Globally, healthcare systems are undergoing rapid change in the wake of challenges posed by COVID-19. The inability to see patients directly enabled remote healthcare as a vital tool in providing healthcare services and is likely to witness exponential growth during the pandemic.
2. Growth in the remote healthcare space will sustain beyond the COVID-19 pandemic for vendors who can deliver user-friendly sensors, remote patient monitoring platforms, virtual care solutions, and interactive virtual assistants that expand the deployment of remote healthcare models among diverse patient populations.
3. Improvement in reimbursement policies globally for remote healthcare empower healthcare providers and health plans to rethink care delivery model and expand the actual potential of remote healthcare reach and its overall impact.
4. Rising number of mobile health (mHealth) applications and their usage due to the widespread use of smartphones and internet connectivity is one of the key growth factors of the remote healthcare market.
5. Modern information and communication technologies (ICTs) such as computers, laptops, the internet, and smartphones are revolutionizing communication among patients who seek and exchange health information with physicians. These technologies have the potential to help address current health problems and, in turn, help deliver quality care to patients through remote healthcare platforms.  
6. Among all remote healthcare services, real time virtual health segment is likely to grow with a phenomenal growth rate of around 40% during the forecast period due to exponential increase in number of virtual visits globally.
7. North America is likely to post an incremental growth of around $16 billion due to a series of favorable initiatives implemented by the governments, care providers, and vendors as well as other key stakeholders.

Key Offerings:

• Market Size & Forecast by Revenue | 2019−2025
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation – A detailed analysis by service, end-user, and geography
• Competitive Landscape – Profile of 10 key vendors and 96 other vendors

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Remote Healthcare (mHealth, Tele-ICUs, & Virtual Health) Market – Segmentation

• 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.
• 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.
• Employers and government organizations are increasingly relying on telehealth platforms to provide healthcare services to employees. Several employers are opting for these services due to their cost-effectiveness. Government organizations are also widely using telehealth platforms to overcome healthcare's existing challenges.

Remote Healthcare (mHealth, Tele-ICUs, & Virtual Health) Market by Service  

• Real-Time Virtual Health
• Video Communication
• Audio Communication
• Chat/Email Communication
• Remote Patient Monitoring
• Tele-ICUs 

Remote Healthcare (mHealth, Tele-ICUs, & Virtual Health) Market by End-user 

• Healthcare Providers
• Patients
• Employer Groups & Government Organizations
• Payers 

Remote Healthcare (mHealth, Tele-ICUs, & Virtual Health) Market – 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.

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Remote Healthcare (mHealth, Tele-ICUs, & Virtual Health) Market by Geography 

• North America
• US
• Canada
• Europe
• UK
• Germany
• France
• Italy
• Spain
• Netherlands
• APAC
• China
• Japan
• Australia
• India
• South Korea
• Middle East & Africa
• South Africa
• Saudi Arabia
• Turkey
• UAE
• Latin America
• Brazil
• Mexico
• Argentina

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
• Accuhealth Technologies
• Aerotel Medical Systems
• AirStrip Technologies
• 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

Explore our healthcare & lifesciences profile to know more about the industry.

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About Arizton:

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SOURCE Arizton Advisory & Intelligence