Virtual Healthcare

Global Virtual Healthcare Market is valued at USD 1971.4 Million in 2018 and expected to reach USD 13029.2 Million by 2025 with the CAGR of 26.79% over the forecast period. Increasing availability of doctors over the virtual platform, reduction in cost of consultation and follow-ups and increasing adoption of connected health gadgets are major factors driving the market growth.
Scope of Virtual Healthcare Market Report:
Virtual healthcare mentions the virtual visits that take place amongst patients and clinicians via communication technology- the video and audio connectivity that allows virtual meetings to occur in real time, from virtually any location. A virtual visit can be a video conference between a doctor and patient at home. It could mean that a patient can cooperate with offsite medical specialist via a high-definition conference hookup at his or her local clinic, instead of travelling to another city. It can also give patient the chance to more readily find qualified second opinion online. Thus, virtual healthcare has been used chiefly for meetings and consultations, check-ins, and status report, rather than for in-depth diagnosis or treatments. Still, as the technology grows, more serious conditions like diabetes are falling under the inspiration of virtual healthcare. Virtual healthcare also better allows specialists to monitor conditions or procedures from remote locations.

Global virtual healthcare market report is segmented on the basis of platform type, component type and regional & country level. Based on platform type, global virtual healthcare market is classified into video consultation, audio consultation and KIOSKS. Based on component type, global virtual healthcare market is classified in to solutions and services.

The regions covered in this virtual healthcare market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of virtual healthcare is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc. 

Key Players for Global Virtual Healthcare Market Report- Global virtual healthcare market report covers prominent players like Teladoc, Inc., MDLIVE, Inc., Doctor on Demand, Inc., American Well Corporation, HealthTap, Inc. and others.

Global Virtual Healthcare Market Dynamics– Rising prevalence of chronic disorders, increasingadoption of smartphones and the availability of KIOSKS in pharmacies and hospitalsare significantly driving the virtual healthcare market. According to Pew Research Center, morethan nine-in-ten 18- to 29-year-olds (96%) say they live in a household with at least one smartphone, and 51% of young adults say their home contains three or more such devices. Additionally, rising aging population, high penetration of smartphones, technological advancements, the growing use of remote monitoring devices, and increasing healthcare costs are some other factors driving the growth of the market. However, the high cost of nanotechnology-based medical devices and the time-consuming product approval process have somewhat restrained growth in this market. Moreover, the increasing focus on developing conversational virtual assistant tools and multi-language support in healthcare virtual assistant tools are also expected to provide growth opportunities for players in the market.

Geographically, this report split global into several key Regions, revenue (Million USD) The geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) focusing on key countries in each region. It also covers market drivers, restraints, opportunities, challenges, and key issues in Global Virtual Healthcare Market. 

Key Benefits for Virtual Healthcare Market Reports 
• Global market report covers in-depth historical and forecast analysis.
• Global market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global market report helps to identify opportunities in market place.
• Global market report covers extensive analysis of emerging trends and competitive landscape.

Global Virtual Healthcare Market Segmentation:–
By Platform Type: 
•	Video Consulation
•	Audio Consulation
•	KIOSKS

By Component Type:
•	Solutions
•	Services

By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o France
o Germany
o Russia
o Rest of Europe
• Asia-Pacific
o China
o South Korea
o India
o Japan
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa

Global Virtual Healthcare Market Regional Analysis– North America accounted for the largest market share of around 54.62% in 2018. Digital transformation lets the healthcare industry to distribute on-demand non-emergency medical treatments to patients. United States certified doctors and physicians are listed on various virtual healthcare service platforms eliminating the occurrence of any fraud medical practice. Additionally, insurance companies have been keen on growing coverage for such virtual healthcare services. Companies like Cigna Healthcare and Life Insurance Company (CHLIC) and UnitedHealth partnered with virtual healthcare service providers MDLIVE, Inc. and American Well Corporation, correspondingly, to offer extreme access to healthcare services for its fellows. Due to these kind of activities, the demand for virtual healthcare is significantly increasing over the period of time. However, Asia Pacific is expected to grow expressively over the forecast period. The reason is attributed to presence of large number of manufacturers and the increasing growth of medical institutes in this region.

Virtual Healthcare Market Key Players:
Virtual healthcare service providers MDLIVE, Inc.
Teladoc, Inc.
MDLIVE, Inc.
Doctor on Demand, Inc.
American Well Corporation 
HealthTap, Inc.

This comprehensive report will provide:

• Enhance your strategic decision making
• Assist with your research, presentations and business plans
• Show which emerging market opportunities to focus on
• Increase your industry knowledge
• Keep you up-to-date with crucial market developments
• Allow you to develop informed growth strategies
• Build your technical insight
• Illustrate trends to exploit
• Strengthen your analysis of competitors
• Provide risk analysis, helping you avoid the pitfalls other companies could make
• Ultimately, help you to maximize profitability for your company.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
• How will each segment grow over the forecast period and how much revenue will these segment account for in 2025?
• Which region has more opportunities?

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