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

  • ID: 5125678
  • Report
  • July 2020
  • Region: Global
  • 390 pages
  • Arizton
UP TO OFF
until Oct 31st 2020

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FEATURED COMPANIES

  • Abbott
  • Buoy Health
  • GE Healthcare
  • iPatientCare
  • mfine
  • Teladoc Health
  • MORE
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
  • Video Communication
  • Audio Communication
  • Chat/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
  • 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
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
  • Business Overview
  • Product 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?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abbott
  • Buoy Health
  • GE Healthcare
  • iPatientCare
  • mfine
  • Teladoc Health
  • MORE
1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope Of The Study
4.4 Market Segments

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview
7.2 Global Remote Healthcare Market: Snapshot

8 COVID-19 Impact On Remote Healthcare Market
8.1 Overview

9 Market Opportunities & Trends
9.1 Favorable Government Initiatives Coupled With Major Expansions Of Reimbursement
9.2 High Demand For Health & Fitness Gadgets And Connected Devices
9.3 Emergence Of New Pandemic Challenge
9.4 Increasing Usage Of Remote Healthcare In Outpatient Clinics & Among Specialists
9.5 Strategic Acquisitions & Collaborations

10 Market Growth Enablers
10.1 Favorable Patient Demography
10.2 Expanding Use Of Smartphones And mHealth Apps
10.3 Surge In Virtual Visit
10.4 Growing Demand For IoT Integration In Healthcare

11 Market Restraints
11.1 Uncertainty Over Establishing Standard Regulatory Frameworks And Legal Barriers
11.2 Lack Of Standard Interoperability In Remote Health Infrastructure
11.3 Data Security And Privacy Risks Associated With Remote Health
11.4 Lower Penetration Of Remote Health In LMICS

12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.3 Five Forces Analysis

13 Service
13.1 Market Snapshot & Growth Engine
13.2 Market Overview

14 Real-Time Virtual Health
14.1 Market Overview
14.2 Market Size & Forecast
14.3 Real-Time Virtual Health By Geography

15 Segmentation By Real-Time Virtual Health
15.1 Video Communication
15.2 Audio Communication
15.3 Chat/E-Mail Communication

16 Remote Patient Monitoring
16.1 Market Overview
16.2 Market Size & Forecast
16.3 Geographic Segmentation

17 Tele-ICU
17.1 Market Overview
17.2 Market Size & Forecast
17.3 Geography Segmentation

18 End-User
18.1 Market Snapshot & Growth Engine
18.2 Market Overview
18.3 Healthcare Providers
18.4 Patients
18.5 Employer Groups & Government Organizations
18.6 Payers

19 Geography
19.1 Market Snapshot & Growth Engine
19.2 Geographic Overview

20 North America
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Service Segmentation
20.4 Key Countries

21 Europe
21.1 Market Overview
21.2 Market Size & Forecast
21.3 Service Segmentation
21.4 Key Countries

22 APAC
22.1 Market Overview
22.2 Market Size & Forecast
22.3 Service Segmentation
22.4 Key Countries

23 Latin America
23.1 Market Overview
23.2 Market Size & Forecast
23.3 Service Segmentation
23.4 Key Countries

24 Middle East & Africa
24.1 Market Overview
24.2 Service Segmentation
24.3 Market Size & Forecast
24.4 Key Countries

25 Competitive Landscape
25.1 Competition Overview
25.2 Market Share Analysis

26 Key Company Profiles
26.1 Advanced ICU Care
26.2 AirStrip Technologies
26.3 American Well
26.4 BioTelemetry
26.5 InTouch Technologies
26.6 Koninklijke Philips
26.7 Medtronic
26.8 Resideo Life Care Solutions
26.9 Teladoc Health
26.10 Vivify Health

27 Other Prominent Vendors
27.1 Abbott
27.2 Accuhealth Technologies
27.3 Aerotel Medical Systems
27.4 Altibbi
27.5 AMD Global Telemedicine
27.6 Analoge Eclipse Consultants
27.7 Appello
27.8 athenahealth
27.9 AT&T
27.10 Babylon
27.11 binah.ai
27.12 Biotricity
27.13 BIOTRONIK
27.14 Buoy Health
27.15 CallHealth Services
27.16 Care Innovations
27.17 Cerner
27.18 CHI Health
27.19 Comarch
27.20 Current Health
27.21 Dictum Health
27.22 DocOnline Health
27.23 Docprime
27.24 Doctor Anywhere
27.25 Doctor On Demand
27.26 edgeMED Healthcare
27.27 Encounter Telepsychiatry
27.28 eVisit
27.29 GE Healthcare
27.30 GlobalMedia Group
27.31 Graham Healthcare Group
27.32 GYANT
27.33 Halodoc
27.34 Harris Computer
27.35 HealthHub
27.36 HealthTap
27.37 Health Telematic Network
27.38 Heartbeat
27.39 HotDoc
27.40 iHealth Labs
27.41 Imedi Plus
27.42 INOVA
27.43 iPatientCare
27.44 Integrity Urgent Care
27.45 INTeleICU
27.46 Intercept TeleMed
27.47 iSelectMD
27.48 KRY
27.49 Maple
27.50 MDLIVE
27.51 Medgate
27.52 Medici
27.53 MEDIHERE
27.54 Medisanté
27.55 MedTel Healthcare
27.56 MeMD
27.57 Mercy Virtual
27.58 MesDocteurs
27.59 MedXCom
27.60 mfine
27.61 MouthWatch
27.62 MTBC
27.63 MyDoc
27.64 NextGen Healthcare
27.65 Orion Health
27.66 Ping An Healthcare and Technology Company
27.67 PlushCare
27.68 Patientus
27.69 Push Doctor
27.70 QHR Technologies
27.71 Qualcomm Life
27.72 SHL Telemedicine
27.73 Siemens Healthineers
27.74 SnapMD
27.75 SOC Telemed
27.76 Teleclinic
27.77 TeleICUCare
27.78 Telemedicine Technologies
27.79 TeleSpecialists
27.80 TeleVital
27.81 Telit
27.82 TELUS Health
27.83 THA Group
27.84 Dhanush Digital Health
27.85 Vidyo
27.86 VitalTech
27.87 Virtual Health Care
27.88 Vsee
27.89 virtuwell
27.90 VivaLNK
27.91 Spacelabs Healthcare
27.92 VirtualHealth
27.93 Vodafone
27.94 Welldoc
27.95 ZIPNOSIS

28 Report Summary
28.1 Key Takeaways
28.2 Strategic Recommendations

29 Quantitative Summary
29.1 Service
29.2 End-User
29.3 Geography
29.4 Real-Time Virtual Health
29.5 North America: Service Segmentation
29.6 Europe: Service Segmentation
29.7 APAC: Service Segmentation
29.8 Latin America: Service Segmentation
29.9 Middle East & Africa: Service Segmentation
29.1 Real-Time Virtual Health: Geography Segmentation
29.11 Remote Patient Monitoring: Geography Segmentation
29.12 Tele-Icu: Geography Segmentation

30 Appendix
30.1 Abbreviations
Note: Product cover images may vary from those shown
  • Advanced ICU Care
  • AirStrip Technologies
  • American Well
  • BioTelemetry
  • InTouch Technologies
  • Koninklijke Philips
  • Medtronic
  • Resideo Life Care Solutions
  • Teladoc Health
  • Vivify Health
  • Abbott
  • 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
Note: Product cover images may vary from those shown

Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.

Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.



 

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