Remote Healthcare Market Key Players Analysis 2031
The Remote Healthcare Market is expected to register a CAGR of 19.5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is divided into two sections: Service (Real Time Virtual Health, Remote Patient Monitoring, Tele-ICUs) and End User (Healthcare Providers, Patients, Payers, Employer Groups and Government Organizations). The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Remote Healthcare Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Remote Healthcare Market Segmentation
Service- Real Time Virtual Health
- Remote Patient Monitoring
- Tele-ICUs
- Healthcare Providers
- Patients
- Payers
- Employer Groups and Government Organizations
Strategic Insights
Remote Healthcare Market Growth Drivers- Rising Healthcare Costs: Remote healthcare offers a cost-effective alternative to traditional in-person care.
- Aging Population: Remote monitoring and telemedicine can improve access to care for elderly populations.
- Technological Advancements: Advances in technology, such as AI and IoT, enable more efficient and effective remote healthcare services.
- Integration of AI and Machine Learning: AI and ML can enhance remote diagnosis, treatment planning, and patient monitoring.
- Increased Adoption of Wearable Devices: Wearable devices can provide real-time health data, enabling proactive care.
- Expansion of Remote Mental Health Services: Remote therapy and counseling can improve access to mental healthcare services.
- Development of Specialized Remote Care Services: Targeting specific patient populations, such as chronic disease patients, can create niche opportunities.
- Global Expansion: Expanding into emerging markets with growing healthcare needs can drive significant growth.
- Partnerships with Insurance Providers: Collaborating with insurance companies can increase the adoption of remote healthcare services.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Remote Healthcare Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Remote Healthcare Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Remote Healthcare Market is expected to grow at a CAGR of 19.5% between 2023-2031
The driving factors impacting the Remote Healthcare Market are: Rising Healthcare Costs, Aging Population and Technological Advancements
The future trends of the Remote Healthcare Market are: Integration of AI and Machine Learning, Increased Adoption of Wearable Devices and Expansion of Remote Mental Health Services
The leading players of the market are: Biotronik, Advanced ICU Care, Koninklijke Philips, Medtronic, American Well, Teladoc Health, BioTelemetry, UPMC, Abbott, Resideo Life Care Solutions
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Remote Healthcare Market - By Service
1.3.2 Remote Healthcare Market - By End-User
1.3.3 Remote Healthcare Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. REMOTE HEALTHCARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. REMOTE HEALTHCARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. REMOTE HEALTHCARE MARKET - GLOBAL MARKET ANALYSIS
6.1. REMOTE HEALTHCARE - GLOBAL MARKET OVERVIEW
6.2. REMOTE HEALTHCARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. REMOTE HEALTHCARE MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE
7.1. OVERVIEW
7.2. SERVICE MARKET FORECASTS AND ANALYSIS
7.3. REAL TIME VIRTUAL HEALTH
7.3.1. Overview
7.3.2. Real Time Virtual Health Market Forecast and Analysis
7.3.3. Video Communication Market
7.3.3.1. Overview
7.3.3.2. Video Communication Market Forecast and Analysis
7.3.4. Audio Communication Market
7.3.4.1. Overview
7.3.4.2. Audio Communication Market Forecast and Analysis
7.3.5. Chat/Email Communication Market
7.3.5.1. Overview
7.3.5.2. Chat/Email Communication Market Forecast and Analysis
7.4. REMOTE PATIENT MONITORING
7.4.1. Overview
7.4.2. Remote Patient Monitoring Market Forecast and Analysis
7.5. TELE-ICUS
7.5.1. Overview
7.5.2. Tele-ICUs Market Forecast and Analysis
8. REMOTE HEALTHCARE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. HEALTHCARE PROVIDERS
8.3.1. Overview
8.3.2. Healthcare Providers Market Forecast and Analysis
8.4. PATIENTS
8.4.1. Overview
8.4.2. Patients Market Forecast and Analysis
8.5. PAYERS
8.5.1. Overview
8.5.2. Payers Market Forecast and Analysis
8.6. EMPLOYER GROUPS AND GOVERNMENT ORGANIZATIONS
8.6.1. Overview
8.6.2. Employer Groups and Government Organizations Market Forecast and Analysis
9. REMOTE HEALTHCARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Remote Healthcare Market Overview
9.1.2 North America Remote Healthcare Market Forecasts and Analysis
9.1.3 North America Remote Healthcare Market Forecasts and Analysis - By Service
9.1.4 North America Remote Healthcare Market Forecasts and Analysis - By End-User
9.1.5 North America Remote Healthcare Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Remote Healthcare Market
9.1.5.1.1 Canada Remote Healthcare Market by Service
9.1.5.1.2 Canada Remote Healthcare Market by End-User
9.1.5.2 Mexico Remote Healthcare Market
9.1.5.2.1 Mexico Remote Healthcare Market by Service
9.1.5.2.2 Mexico Remote Healthcare Market by End-User
9.1.5.3 US Remote Healthcare Market
9.1.5.3.1 US Remote Healthcare Market by Service
9.1.5.3.2 US Remote Healthcare Market by End-User
9.2. EUROPE
9.2.1 Europe Remote Healthcare Market Overview
9.2.2 Europe Remote Healthcare Market Forecasts and Analysis
9.2.3 Europe Remote Healthcare Market Forecasts and Analysis - By Service
9.2.4 Europe Remote Healthcare Market Forecasts and Analysis - By End-User
9.2.5 Europe Remote Healthcare Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Remote Healthcare Market
9.2.5.1.1 Germany Remote Healthcare Market by Service
9.2.5.1.2 Germany Remote Healthcare Market by End-User
9.2.5.2 France Remote Healthcare Market
9.2.5.2.1 France Remote Healthcare Market by Service
9.2.5.2.2 France Remote Healthcare Market by End-User
9.2.5.3 Italy Remote Healthcare Market
9.2.5.3.1 Italy Remote Healthcare Market by Service
9.2.5.3.2 Italy Remote Healthcare Market by End-User
9.2.5.4 Spain Remote Healthcare Market
9.2.5.4.1 Spain Remote Healthcare Market by Service
9.2.5.4.2 Spain Remote Healthcare Market by End-User
9.2.5.5 United Kingdom Remote Healthcare Market
9.2.5.5.1 United Kingdom Remote Healthcare Market by Service
9.2.5.5.2 United Kingdom Remote Healthcare Market by End-User
9.2.5.6 Rest of Europe Remote Healthcare Market
9.2.5.6.1 Rest of Europe Remote Healthcare Market by Service
9.2.5.6.2 Rest of Europe Remote Healthcare Market by End-User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Remote Healthcare Market Overview
9.3.2 Asia-Pacific Remote Healthcare Market Forecasts and Analysis
9.3.3 Asia-Pacific Remote Healthcare Market Forecasts and Analysis - By Service
9.3.4 Asia-Pacific Remote Healthcare Market Forecasts and Analysis - By End-User
9.3.5 Asia-Pacific Remote Healthcare Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Remote Healthcare Market
9.3.5.1.1 Australia Remote Healthcare Market by Service
9.3.5.1.2 Australia Remote Healthcare Market by End-User
9.3.5.2 China Remote Healthcare Market
9.3.5.2.1 China Remote Healthcare Market by Service
9.3.5.2.2 China Remote Healthcare Market by End-User
9.3.5.3 India Remote Healthcare Market
9.3.5.3.1 India Remote Healthcare Market by Service
9.3.5.3.2 India Remote Healthcare Market by End-User
9.3.5.4 Japan Remote Healthcare Market
9.3.5.4.1 Japan Remote Healthcare Market by Service
9.3.5.4.2 Japan Remote Healthcare Market by End-User
9.3.5.5 South Korea Remote Healthcare Market
9.3.5.5.1 South Korea Remote Healthcare Market by Service
9.3.5.5.2 South Korea Remote Healthcare Market by End-User
9.3.5.6 Rest of Asia-Pacific Remote Healthcare Market
9.3.5.6.1 Rest of Asia-Pacific Remote Healthcare Market by Service
9.3.5.6.2 Rest of Asia-Pacific Remote Healthcare Market by End-User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Remote Healthcare Market Overview
9.4.2 Middle East and Africa Remote Healthcare Market Forecasts and Analysis
9.4.3 Middle East and Africa Remote Healthcare Market Forecasts and Analysis - By Service
9.4.4 Middle East and Africa Remote Healthcare Market Forecasts and Analysis - By End-User
9.4.5 Middle East and Africa Remote Healthcare Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Remote Healthcare Market
9.4.5.1.1 South Africa Remote Healthcare Market by Service
9.4.5.1.2 South Africa Remote Healthcare Market by End-User
9.4.5.2 Saudi Arabia Remote Healthcare Market
9.4.5.2.1 Saudi Arabia Remote Healthcare Market by Service
9.4.5.2.2 Saudi Arabia Remote Healthcare Market by End-User
9.4.5.3 U.A.E Remote Healthcare Market
9.4.5.3.1 U.A.E Remote Healthcare Market by Service
9.4.5.3.2 U.A.E Remote Healthcare Market by End-User
9.4.5.4 Rest of Middle East and Africa Remote Healthcare Market
9.4.5.4.1 Rest of Middle East and Africa Remote Healthcare Market by Service
9.4.5.4.2 Rest of Middle East and Africa Remote Healthcare Market by End-User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Remote Healthcare Market Overview
9.5.2 South and Central America Remote Healthcare Market Forecasts and Analysis
9.5.3 South and Central America Remote Healthcare Market Forecasts and Analysis - By Service
9.5.4 South and Central America Remote Healthcare Market Forecasts and Analysis - By End-User
9.5.5 South and Central America Remote Healthcare Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Remote Healthcare Market
9.5.5.1.1 Brazil Remote Healthcare Market by Service
9.5.5.1.2 Brazil Remote Healthcare Market by End-User
9.5.5.2 Argentina Remote Healthcare Market
9.5.5.2.1 Argentina Remote Healthcare Market by Service
9.5.5.2.2 Argentina Remote Healthcare Market by End-User
9.5.5.3 Rest of South and Central America Remote Healthcare Market
9.5.5.3.1 Rest of South and Central America Remote Healthcare Market by Service
9.5.5.3.2 Rest of South and Central America Remote Healthcare Market by End-User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. REMOTE HEALTHCARE MARKET, KEY COMPANY PROFILES
11.1. BIOTRONIK
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ADVANCED ICU CARE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. KONINKLIJKE PHILIPS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MEDTRONIC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. AMERICAN WELL
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. TELADOC HEALTH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. BIOTELEMETRY
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. UPMC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. ABBOTT
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. RESIDEO LIFE CARE SOLUTIONS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
- Biotronik
- Advanced ICU Care
- Koninklijke Philips
- Medtronic
- American Well
- Teladoc Health
- BioTelemetry
- UPMC
- Abbott
- Resideo Life Care Solutions
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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