The global remote healthcare market is expected to grow at an astounding CAGR of 20.7% from 2023 to 2033. The target market is set to reach a value of US$ 59 billion in 2033, as opposed to US$ 9 billion in 2023. The increasing use of smartphones, wearable technologies, mHealth apps, and digital healthcare is expected to drive the growth of the remote healthcare market during the forecast period.
The market for remote healthcare is influenced by the shortage of ICU beds across the globe. An upsurge in patients with chronic illnesses, a shortage of ICU beds, and a growing desire to prevent widespread infection facilitate the growth of the remote healthcare market as it prompts healthcare workers and patients to use remote patient monitoring services. Patients and healthcare practitioners are increasingly asking for remote monitoring systems with novel, sophisticated, and technologically advanced features. In addition to this, the introduction of advanced software and devices by market players to provide better patient care is expected to strengthen prospects for the remote healthcare market.
Get Sample PDF of the Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-16493
During the forecast period, the market for remote healthcare will witness a rise in investment which will further aid the market growth. Moreover, increasing cases of heart disorders and strokes are encouraging the development of a real-time virtual health market. Owing to the deep penetration of the internet and smartphones as well as advancing technology, the remote healthcare market is expected to thrive over the coming years.
With evolving treatment techniques and a growing preference for self-care and homecare treatment alternatives due to advantages like saving up on time and money, the demand for remote healthcare will also rise. Many employers and government agencies are also using telehealth platforms to deliver healthcare to their employees. The affordability of these services makes them a preferred choice by many businesses. Also, governmental agencies use telehealth services to tackle healthcare issues. All of these considerations are expected to stimulate growth in the remote healthcare market.
Key Takeaways:
- remote healthcare services in North America will assume the lead in the global market due to the presence of a large number of remote healthcare technology providers.
- Asia Pacific will also emerge as a highly lucrative pocket due to rising awareness among consumers.
- By service, Tele-ICU will likely be a highly remunerative segment with a CAGR of over 16.4%
- Based on end-user, the providers category registered a CAGR of 37% in 2022 and will continue to perform well due to the rising burden on the healthcare system.
Get a Discount on the Report@ https://www.futuremarketinsights.com/request-discount/rep-gb-16493
Competitive Landscape
American Well, BioTelemetry, Advanced ICU Care, Koninklijke Philips, Vivify Health, AirStrip Technologies, and Medtronic, among others, are some of the significant players in the remote healthcare market profiled in the full version of the report.
In a dynamic and fragmented environment, prominent market players are concentrating on strategic partnerships and cooperations with software developers. These businesses also engage in product development and the release of new products, collaborations, mergers, and acquisitions to gain a competitive advantage.
More Insights into Remote Healthcare Market
FMI offers the latest, unbiased, and detailed analysis of the global remote healthcare market, providing historical data from 2018 to 2022 and forecast statistics for 2023 to 2033. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of service, end-user, and region.
According to the FMI reports, based on segmentation, the Tele-ICU segment will gain traction over the assessment period with a CAGR of over 16%. This category is driven by partnerships and initiatives between key stakeholders. In terms of end-user, the provider category will demonstrate substantial growth due to an increased burden on the healthcare system.
Based on region, the remote healthcare market in North America will perform well during 2023 and 2033. The target market in this region will account for the largest market share. The strong presence of numerous remote healthcare technology providers and improved healthcare infrastructure is responsible for the growth of the remote healthcare market in North America. Based on countries, the US, the UK, and Japan are a few nations that will present notable growth in the market. Hence, North America and Asia Pacific are two regions that will contribute significantly to the global growth of the remote healthcare market during the projection period.
Get Report Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-16493
Segments Covered in Remote Healthcare Market Analysis
By Service:
- Real-Time Virtual Health
- Video Communication
- Audio Communication
- Email/Chat box
- Remote Patient Monitoring
- Tele-ICU
By End-user:
- Payer
- Provider
- Patient
- Employer Groups & Government Organizations
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
