By allowing patients to interact with their healthcare providers digitally, virtual care encourages those patients to seek out continual care without having to incur the consequences of unnecessary travel, limited access to care services, or lost days of work. Virtual care offerings allow healthcare systems to greatly expand their patient population reach. This is especially important when dealing with populations living in remote rural regions. Rural areas are generally far less equipped with specialized health services, which can make seeking and receiving treatment for serious chronic or emergency conditions problematic. By employing digital routes of care, healthcare systems can also ensure that patient populations that are unable to travel, such as the elderly and the injured, are not making unnecessary trips to healthcare facilities when a simple virtual doctor visit would suffice.
- Some CEOs have been reluctant to embrace sustainability principles because of the age-old view that it will hurt profits. However, the evidence suggests that those companies that are too slow to improve their approach to Virtual Care and Telemedicine will see an exodus of customers and a drop in profits. Stakeholders are also becoming more conscious of Virtual Care and Telemedicine, and companies taking significant action now will be rewarded in the long term.
- COVID-19 has led to a greater focus on Virtual Care and Telemedicine across healthcare. As the world endures the ongoing effects of COVID-19, Virtual Care and Telemedicine needs to be at the core of any company or institution that wants to continue to provide quality care and services with ever-increasing healthcare costs and economic uncertainty. The heroic efforts of healthcare providers and hospitals during COVID-19 and the rapid development of vaccines and tests have transformed public opinion of the healthcare industry.
- This report focuses on the importance of Virtual Care and Telemedicine throughout the healthcare industry.
- Virtual Care and Telemedicine thematic research offers a detailed analysis of the various factors that are of importance to stakeholders and why businesses throughout the value chain should focus on understanding Virtual Care and Telemedicine offerings in the industry.
- The research includes insightful industry analysis of Virtual Care and Telemedicine factors and key use cases highlighting how healthcare players are integrating Virtual Care and Telemedicine services.
Reasons to Buy
- Corporations: Helps CEOs in all industries understand the disruptive threats to their competitive landscape.
- Investors: Helps fund managers focus their time on the most exciting investment opportunities in global Healthcare.
- Whilst most investment research is underpinned by backwards looking company valuation models, the publisher's thematic methodology identifies which companies are best placed to succeed in a future filled with multiple disruptive threats. Compared to all our rival thematic research houses, our unique differentiator is that our thematic engine has a proven track record of predicting leaders and challengers.
- Gain an in-depth understanding of how Virtual Care and Telemedicine factors are shaping the industry in the top spending countries across the world and identify the opportunities offered by each of them
- Strengthen your understanding of the market in terms of industry trends, challenges and the latest technological developments, among others.
Table of Contents
- Executive summary
- Technology Briefing
- Industry Analysis
- Value Chain
- Further reading
- Our thematic research methodology
- About the Publisher
- Contact the Publisher
List of Tables
- Technology trends
- Healthcare and Medical Device Trends
- Macroeconomic trends
- Regulatory Trends
- Mergers and Acquisitions
- Public Companies
- Private Companies
- Further reading-The Publisher's Reports
List of Figures
- Telemedicine is a subset of telehealth
- Telemedicine offerings by providers expanded in response to the pandemic
- US telemedicine use is down from its peak, but has stabilized higher than pre-pandemic levels
- The publisher's poll on patient-physician interaction change due to the pandemic
- US telehealth utilization varies by state
- North America dominates the pipeline products for telemedicine devices
- Solutions that address neurological conditions and mental health predominate the pipeline
- Interoperability is the future of digital and virtual healthcare
- Estimated US EMR Market Share for Hospital-based EHR Providers and Physician-based EHR Providers
- Virtual care use cases
- Virtual care and telemedicine services offer convenience and continuous patient engagement opportunities
- Virtual care and telemedicine services still suffer market penetration, user privacy, and regulatory concerns
- The virtual care and telemedicine story
- The virtual care and telemedicine value chain
A selection of companies mentioned in this report includes:
- Boston Scientific
- One Medical
- ResApp Health
- Teladoc Health