Pune, 12, Dec, 2022: The report analysed by Maximize Market Research, the global healthcare market research firm. Remote Healthcare Market covers an extensive competitive and pricing analysis in the report. North America is expected to witness significant growth according to the report. During the Forecast period, the report expects the market to grow from USD 7.14 Billion in 2021 to USD 24.74 Billion in 2029 at a CAGR of 16.81 percent.
Remote Healthcare Market Scope and Research Methodology
The report is an in-depth analysis of all the key players in the Remote Healthcare Market by market share, revenue, market penetration, financial status and region. The bottom-up approach was used to validate the market size and its estimation by different segments. Current trends prevailing in the Remote Healthcare Market are presented and historical data is used to forecast growth rate fluctuations to equip stakeholders, investors, market key players and followers about future market conditions.
For the competitive landscape, major players and new entrants in the Remote Healthcare Market are collated based on the revenue, portfolio, technological advancements adopted, mergers and acquisitions, joint ventures and strategic alliances. With each company profile, recommendations are provided on investments and estimations of their market size for the forecast period. New entrants can use the report to understand the future course of the Remote Healthcare Market. The Remote Healthcare Market is segmented by Service, End-User and Region for a detailed analysis for understanding the market penetration, competitive structure, pricing and demand analysis. The report aids the formulation of strategic decision-making and finding investment pockets for businesses. SWOT analysis was conducted to provide the strengths and weaknesses of the Remote Healthcare Market while PESTLE was employed to understand the potential impact of the macro-economic, social, political and technological factors affecting the Remote Healthcare Market.
Data was collected using both primary and secondary data collection methods for the analysis. Methods such as surveys, administering questionnaires and telephonic interviews with industry specialists, market leaders, entrepreneurs, marketing professionals, customers and retailers on the demand side and manufacturers, and wholesalers on the supply side were included in the primary methods. Secondary data was methodically collected from a curated selection of sources to ensure the reliability of the inferences. This includes official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the industry along with paid databases.
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Remote Healthcare Market Overview
Remote healthcare also known as telemedicine is a medical service that allows patients access to medical services remotely with the aid of technology. This includes the use of computers, smartphones and other mobile devices. Remote healthcare also includes on-the wheels medical offices and mobile vans with healthcare professionals on board. Such kinds of services are especially seen in rural areas. It allows access to several medical services to those who cannot get medical facilities due to certain circumstances.
Remote Healthcare Market Dynamics
While countries are witnessing a shift in population from rural to urban areas, a considerable share of the population still resides in the villages. This is especially true for developing economies. Remote healthcare plays a major role in providing necessary medical services to such areas where people don’t have proper access to transportation or have money to bear far-off medical expenses. Governments are taking initiatives by launching and funding schemes to make remote healthcare available to all in need, especially in rural areas. Governments are also investing in electronic intensive care units and other gadgets namely, patient monitoring cameras, high-speed internet and other equipment required to provide remote healthcare.
Technological advancements are also fuelling growth with the advent of digitization. These have opened a path full of varied possibilities for the growth of remote healthcare. The adoption of a strong network connection with the 5G technology coming in, the use of high cameras for clearer video conferencing and other sophisticated tools is encouraging the growth of the Remote Healthcare Market.
Remote Healthcare Market Regional Insights
North America dominated the largest market share in Remote Healthcare Market and is expected to grow at a CAGR of 16.8 percent over the forecast period. The region is known to be technologically advanced and because of this reason, the regional Remote Healthcare Market is expected to witness growth. With a robust internet infrastructure already set, the Remote Healthcare Market is to witness growth coupled with a positive approach and acceptance of the population regarding remote healthcare. In addition, the increase in the elderly population along with the increasing prevalence of chronic diseases is resulting in the growth of the regional Remote Healthcare Market.
Remote Healthcare Market Segmentation
By Service:
- Remote Patient Monitoring
- Real-Time Virtual Health
- Tele-ICU
By End-User:
- Payer
- Provider
- Patient
- Employer Groups & Government Organizations
Remote Healthcare Market Key Competitors include:
- Advanced ICU Care
- BioTelemetry
- Teladoc Health
- Vivify Health
- Koninklijke Philips
- AirStrip Technologies
- InTouch Technologies
- American Well
- Resideo Life Care Solutions
- Medtronic Corporation
- Babylon
- Binah.ai
- Biotricity
- Biotronik
- Abbott
- CALLHEALTH SERVICES
- CARE INNOVATIONS
- CERNER
- CHI HEALTH
- COMARCH
- ACCUHEALTH TECHNOLOGIES
- AEROTEL MEDICAL SYSTEMS
- ALTIBBI
- AMD GLOBAL TELEMEDICINE
- ANALOGE ECLIPSE CONSULTANTS
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Key questions answered in the Remote Healthcare Market are:
- What is Remote Healthcare?
- What is the current growth rate of the Remote Healthcare Market?
- What is the growth rate of Remote Healthcare Market for the forecast period?
- What is the nature of competition in Remote Healthcare industry in developed and developing economies?
- Who are the key players in the Remote Healthcare Market?
- Who are the market leaders in Remote Healthcare in Europe?
- Who are the market leaders in Remote Healthcare in USA and Canada?
- Who are the market leaders in Remote Healthcare in India, China, Japan and South Korea?
- What are the factors affecting growth in the Remote Healthcare Market?
- Who held the largest market share in Remote Healthcare Market?
- What are the factors for the growth of Asia-Pacific region in Remote Healthcare Market?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Service, End-User and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading healthcare research firm, has also published the following reports:
Connected Healthcare Market–The Connected Healthcare Market size is expected to reach USD 355.39 billion by 2029 at a CAGR of 27.12 percent during the forecast period. The Connected Healthcare Market is expected to be driven by increasing technological development and growing health awareness.
Healthcare IT Integration Market–The Healthcare IT Integration Market size is expected to reach USD 10.52 billion by 2029 at a CAGR of 12.5 percent during the forecast period. The Healthcare IT Integration Market is expected to be driven by heterogeneity in health information systems and increasing adoption of digitization in the industry.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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