Remote Healthcare Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Remote Healthcare Market: By Service (mHealth, tele-ICUs, Virtual Health (Audio Visits, Video Visits, and Chat Consultants), By End User (Hospitals & Medical Centres, Private Specialist Clinics, and Other Medical Service Providers), and Geography

 

 

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Report

Description

Remote Healthcare Market Size was valued at USD 7.0 billion in 2021 and is expected to reach a value of USD 23.0 billion by 2028, growing at a CAGR of 18.6% from 2022 to 2028. owing to increase in the use of mobile and wireless technologies and growing demand for mHealth services coupled with advancements in technology and launch of new services in global tele-ICUs market are the major factors that are driving the growth of the market. Moreover, the increase in collaboration partnerships and planning between healthcare service providers and various government organizations to meet the requirements and offer sustainable healthcare services in remote locations is propelling the growth of the market. A telemedicine service that uses a mobile device to continuously monitor a patient’s condition and performance outside of a medical facility is known as remote healthcare. It minimises hospitalisation time, eases the stress on medical workers, increases treatment efficacy, and provides medical facilities with daily updates on patients’ medical data. It shortens the time it takes for patients to be admitted, allows for treatment in a comfortable home setting, allows for rapid and direct communication with medical staff, reduces reaction time, improves therapeutic efficacy, and gives patients access to their own medical data. Global remote healthcare market is surging owing strategic collaborations and partnerships with various government organizations to meet the requirements and offer sustainable healthcare services in the remote locations of the country.

 Key Development:

In June 2020, AdventHealth Ottawa collaborated with Advanced ICU Care, a tele ICU provider based in the U.S., to implement tele-ICU.

Remote Healthcare Market

MARKET SUMMARY
-
18.6% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 18.6%
  • Largest Market– North America
  • Fastest Growing Market– North America

Remote Healthcare Market

  • Global remote healthcare market report gives comprehensive outlook on remote healthcare across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global remote healthcare market gives historical, current, and future market sizes (US$ Bn) on the basis of services, end user, and region.
  • Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global remote healthcare products
Key Players
  • Medtronic
  • Teladoc
  • American Well
  • InTouch Health
  • Celtic Healthcare
Growth

Remote Healthcare Market

Based on Service, mHealth segment is expected to grow at highest CAGR over the forecast years owing to the rising adoption of smartphones and smart gadgets and the growing preference towards the self-management of diseases are fueling the demand for mHealth services in the global market. Government initiatives for favorable reimbursement policies and increased awareness about disease management will have a positive impact on the growth of the global mHealth market.


North-America Got Significant Share

Remote Healthcare Market

North America accounted for larger revenue share in global remote healthcare market with significant CAGR due to the lucrative reimbursement policy introduced by the government agencies promoting the use of telemedicine and virtual health services is driving the market in North America. Moreover, the increasing investments in R&D and technological innovations will help major players in the North American region occupy a larger market share over the next few years.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The remote healthcare market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The remote healthcare market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The remote healthcare market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The remote healthcare market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The remote healthcare market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Remote Healthcare Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The remote healthcare market is projected to expand at a CAGR of 18.6% during the forecast period.

The major players in the global remote healthcare market are ​​​Advanced ICU Care, BioTelemetry, Koninklijke Philips, Teladoc Health, Vivify Health, AirStrip Technologies, Medtronic, InTouch Technologies, American Well, and Resideo Life Care Solutions.

North America is the fastest-growing region for remote healthcare market


Report

Table Of Content

1. Executive Summary
2. Global Remote HealthCare Market Introduction
2.1. Global Remote HealthCare Market – Taxonomy
2.2. Global Remote HealthCare Market –Definitions
2.2.1. By Service
2.2.2. By End User
3. Global Remote HealthCare Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Remote HealthCare Market Dynamic Factors – Impact Analysis
3.6. Global Remote HealthCare Market – Competition Landscape
4. Global Remote HealthCare Market Analysis,2017 – 2021 and Forecast, 2022 – 2028
4.1. Market Analysis,2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Remote HealthCare Market, By Service, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
5.1. Real Time Virtual Health
5.1.1. Video Communication
5.1.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.1.3. Market Opportunity Analysis
5.1.2. Audio Communication
5.1.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.2.3. Market Opportunity Analysis
5.1.3. Chat/Email Communication
5.1.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3.3. Market Opportunity Analysis
5.2. Remote Patient Monitoring
5.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Tele-ICUs
5.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
6. Global Remote HealthCare Market Forecast, By End User, 2017 – 2021 and Forecast, 2020 – 2026 (Revenue, USD Mn) 
6.1. Healthcare Providers
6.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Patients
6.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Employer Groups & Government Organizations
6.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Payers
6.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Remote HealthCare Market Forecast, By Region, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
7.1. North America
7.1.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Remote HealthCare Market – Opportunity Analysis Index, By Service, By End User, and Region, 2022 – 2028
8. North America Remote Health CareMarketAnalysis,2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
8.1. Service Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
8.1.1. Real Time Virtual Health
8.1.1.1. Video Communication
8.1.1.2. Audio Communication
8.1.1.3. Chat/Email Communication
8.1.2. Remote Patient Monitoring
8.1.3. Tele-ICUs
8.2. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
8.2.1. Healthcare Providers
8.2.2. Patients
8.2.3. Employer Groups & Government Organizations
8.2.4. Payers
8.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America Remote HealthCare Market – Opportunity Analysis Index, By Service, By End User, and Country, 2022 – 2028
8.5. North America Remote HealthCare Market Dynamics – Trends
9. Europe Remote HealthCare Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
9.1. Service Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
9.1.1. Real Time Virtual Health
9.1.1.1. Video Communication
9.1.1.2. Audio Communication
9.1.1.3. Chat/Email Communication
9.1.2. Remote Patient Monitoring
9.1.3. Tele-ICUs
9.2. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Healthcare Providers
9.2.2. Patients
9.2.3. Employer Groups & Government Organizations
9.2.4. Payers
9.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Russia
9.3.7. Poland
9.3.8. Rest of Europe
9.4. Europe Remote HealthCare Market – Opportunity Analysis Index, By Service, By End User, and Country,2022 – 2028
9.5. Europe Remote HealthCare Market Dynamics – Trends
10. Asia-Pacific Remote HealthCare Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
10.1. Service Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
10.1.1. Real Time Virtual Health
10.1.1.1. Video Communication
10.1.1.2. Audio Communication
10.1.1.3. Chat/Email Communication
10.1.2. Remote Patient Monitoring
10.1.3. Tele-ICUs
10.2. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Healthcare Providers
10.2.2. Patients
10.2.3. Employer Groups & Government Organizations
10.2.4. Payers
10.3. Country Analysis2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. Japan
10.3.2. China
10.3.3. India
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific Remote HealthCare Market – Opportunity Analysis Index, By Service, By End User, and Country,2022 – 2028
10.5. Asia-Pacific Remote HealthCare Market Dynamics – Trends
11. Latin America Remote HealthCare Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
11.1. Service Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
11.1.1. Real Time Virtual Health
11.1.1.1. Video Communication
11.1.1.2. Audio Communication
11.1.1.3. Chat/Email Communication
11.1.2. Remote Patient Monitoring
11.1.3. Tele-ICUs
11.2. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Healthcare Providers
11.2.2. Patients
11.2.3. Employer Groups & Government Organizations
11.2.4. Payers
11.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Argentina
11.3.4. Rest of Latin America
11.4. Latin America Remote HealthCare Market – Opportunity Analysis Index, By Service, By End User, and Country,2022 – 2028
11.5. Latin America Remote HealthCare Market Dynamics – Trends
12. Middle East and Africa Remote HealthCare Market Analysis, 2017 – 2021 and Forecast, 2022 – 2028 (Revenue, USD Mn) 
12.1. Service Analysis 2017 – 2021 and Forecast 2022 – 2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
12.1.1. Real Time Virtual Health
12.1.1.1. Video Communication
12.1.1.2. Audio Communication
12.1.1.3. Chat/Email Communication
12.1.2. Remote Patient Monitoring
12.1.3. Tele-ICUs
12.2. End User Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Healthcare Providers
12.2.2. Patients
12.2.3. Employer Groups & Government Organizations
12.2.4. Payers
12.3. Country Analysis 2017 – 2021 and Forecast 2022 – 2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. Israel
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA Remote HealthCare Market – Opportunity Analysis Index, By Service, By End User, and Country,2022 – 2028
12.5. MEA Remote HealthCare Market Dynamics – Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, End User& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Abbott
13.2.2. Advanced ICU Care
13.2.3. AirStrip Technologies
13.2.4. American Well
13.2.5. AT&T
13.2.6. BioTelemetry
13.2.7. InTouch Technologies
13.2.8. Koninklijke Philips
13.2.9. Medtronic
13.2.10. Teladoc Health
14. Research Methodology
15. Key Assumptions and Acronyms

Report

Company Profile

  • Medtronic
  • Teladoc
  • American Well
  • Airstrip Technologies
  • BioTelemetry/LifeWatch
  • InTouch Health
  • United HealthCare Services
  • Celtic Healthcare
  • Abbott
  • Advanced ICU Care
  • AT&T
  • Koninklijke Philips

Description

Remote Healthcare Market Size was valued at USD 7.0 billion in 2021 and is expected to reach a value of USD 23.0 billion by 2028, growing at a CAGR of 18.6% from 2022 to 2028. owing to increase in the use of mobile and wireless technologies and growing demand for mHealth services coupled with advancements in technology and launch of new services in global tele-ICUs market are the major factors that are driving the growth of the market. Moreover, the increase in collaboration partnerships and planning between healthcare service providers and various government organizations to meet the requirements and offer sustainable healthcare services in remote locations is propelling the growth of the market. A telemedicine service that uses a mobile device to continuously monitor a patient’s condition and performance outside of a medical facility is known as remote healthcare. It minimises hospitalisation time, eases the stress on medical workers, increases treatment efficacy, and provides medical facilities with daily updates on patients’ medical data. It shortens the time it takes for patients to be admitted, allows for treatment in a comfortable home setting, allows for rapid and direct communication with medical staff, reduces reaction time, improves therapeutic efficacy, and gives patients access to their own medical data. Global remote healthcare market is surging owing strategic collaborations and partnerships with various government organizations to meet the requirements and offer sustainable healthcare services in the remote locations of the country.

 Key Development:

In June 2020, AdventHealth Ottawa collaborated with Advanced ICU Care, a tele ICU provider based in the U.S., to implement tele-ICU.

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