Press release
Virtual Visits Market and its Transformation of Healthcare Click, Consult, Cure Seeing is Believing, Virtually: Growth
Virtual Visits Market Assessment worth $ 110.32 Billion by 2030 - Exclusive Report by InsightAce Analytic
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Virtual Visits Market- by Component (Service and Hardware), Application (General Consultation, Behavioural Health, Chronic Care Management, Urgent Care, and Others), Patient Group (Adults and Pediatrics), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."
Get a free sample copy of the report: https://www.insightaceanalytic.com/request-sample/1331
According to the latest research by InsightAce Analytic, the global Virtual Visits market is valued at US$ 13.50 Billion in 2021, and it is expected to reach US$ 110.32 Billion by 2030, with a CAGR of 26.56% during a forecast period of 2024-2031.
The Rise of Virtual Visits
Advancements in telecommunications infrastructure are significantly expanding the reach of virtual care services. Factors like the growing adoption of home healthcare, affordable treatment options, and the relatively low investment required for virtual visit infrastructure are making these consultations a practical and accessible option for patients.
Transforming Healthcare Delivery
Virtual consultations are transforming the healthcare industry by reducing physical discomfort, patient wait times, and the need for in-person hospital visits. This shift is largely driven by an expanding target demographic: patients with chronic conditions are embracing virtual visits as valuable tools for ongoing monitoring and management of their health.
Market Growth Drivers
Several key factors are expected to propel the virtual visits market forward in the coming years:
• Digitalization: The increasing adoption of digital technologies in healthcare is creating a more fertile ground for virtual visits to flourish.
• Patient Technology Use: The growing comfort level and technical skills of patients using technology are making virtual consultations a more seamless experience.
• Aging Population and Chronic Conditions: The rising global population of senior citizens and the increasing prevalence of chronic illnesses will further amplify the demand for convenient and accessible care options like virtual visits.
Challenges and Considerations
Despite its potential, the virtual visits market also faces some challenges that could hinder its growth:
• Technology Costs: The rising costs of hardware and software required for virtual consultations could limit wider adoption, particularly in resource-constrained settings.
• Privacy and Quality Concerns: Issues related to data privacy, maintaining quality of care during virtual consultations, and ensuring continuity of care across different virtual platforms require careful consideration and solutions.
• Legal and Reimbursement Hurdles: Navigating legal and reimbursement complexities associated with virtual visits can be challenging, and these issues need to be addressed to ensure broader market acceptance.
Future Opportunities
Looking ahead, the virtual visits market holds promise for continued growth driven by advancements in:
• Data Sharing and Interoperability: The development of next-generation solutions for secure data sharing and improved interoperability between healthcare platforms will streamline virtual care delivery.
• AI-powered Triage: The integration of AI-based triage tools can enhance efficiency and accuracy in directing patients to the most appropriate level of virtual care.
• Remote Monitoring Technologies: The adoption of advanced remote patient monitoring technologies can further extend the reach and effectiveness of virtual care.
By addressing the existing challenges and capitalizing on these emerging opportunities, the virtual visits market can continue to revolutionize healthcare delivery, making it more accessible, convenient, and efficient for patients around the world.
North America is anticipated to be the major contributor to the Virtual Visits market over the forecast years because more people are utilizing cutting-edge technologies. The development of cloud-based apps and platforms and the emergence of start-ups producing and delivering these advanced solutions are expected to drive the regional market in the ensuing years. The presence of significant vital players will also help the need for virtual visits in the area grow throughout the forecast period.
In addition, the Asia Pacific Virtual Visits market is expected to grow significantly during the forecast period due to increased internet usage and expanding digitalization, especially in the wake of COVID-19. Additionally, it is projected that the region's market for virtual visits will rise in the coming years due to the rising use of smartphones and the internet.
Major market players operating in the Virtual Visits market include
Dialogue, Doctor On Demand, Doxy(.) ME, Eagle Telemedicine, Edgemed Healthcare, eVisit, HealthTap, Health at Hand, AMD Global Telemedicine, American Well, Koninklijke Philips, Teladoc Health, Banner Health, Beato, Blue Sky MD, Careclix, Cerner, CHI Health, Chiron Health, CVS Health, HealthHero, Instapract, MDLive, MediBuddy, MFine, NeuroSynaptic Communications, Nextcare, Optum, Plushcare, Piedmont Healthcare, Practo, RO, Reecuro Health, SteadyMD, SOC Telemed, TRUDOC Healthcare, Vidyo, VSee, Walmart Health Virtual Care, and Zipnosis.
Recent collaborations and agreements in the market:
• In June 2021, The Federal Communications Commission (FCC) started a connected care pilot program, for which it permitted to start of a three-year study.
• In June 2020, the Leading telehealth vendor InTouch Health was purchased by Teladoc Health, Inc., a well-known virtual healthcare provider with headquarters in the US. The acquisition is anticipated to aid in creating thorough telemedicine and virtual visit tactics.
Curious about this latest version of the report? Obtain Report Details @ https://www.insightaceanalytic.com/enquiry-before-buying/1331
Market Segments
Global Virtual Visits Market, by Component, 2022-2030 (Value US$ Mn)
• Service
• Hardware
Global Virtual Visits Market, by Application, 2022-2030 (Value US$ Mn)
• General Consultation
• Behavioral Health
• Chronic Care Management
• Urgent Care
• Others
Global Virtual Visits Market, by Patient Group, 2022-2030 (Value US$ Mn)
• Adults
• Paediatric
Global Virtual Visits Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Virtual Visits Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Virtual Visits Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Virtual Visits Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Virtual Visits Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Virtual Visits Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Virtual Visits market
To receive an industry overview and future trends of the Virtual Visits market
To analyze the Virtual Visits market drivers and challenges
To get information on the Virtual Visits market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Virtual Visits market industry
For More Information @ https://www.insightaceanalytic.com/customisation/1331
Contact Us:
InsightAce Analytic Pvt. Ltd.
Tel.: +1 718 593 4405
Email: info@insightaceanalytic.com
Site Visit: www.insightaceanalytic.com
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Virtual Visits Market- by Component (Service and Hardware), Application (General Consultation, Behavioural Health, Chronic Care Management, Urgent Care, and Others), Patient Group (Adults and Pediatrics), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."
Get a free sample copy of the report: https://www.insightaceanalytic.com/request-sample/1331
According to the latest research by InsightAce Analytic, the global Virtual Visits market is valued at US$ 13.50 Billion in 2021, and it is expected to reach US$ 110.32 Billion by 2030, with a CAGR of 26.56% during a forecast period of 2024-2031.
The Rise of Virtual Visits
Advancements in telecommunications infrastructure are significantly expanding the reach of virtual care services. Factors like the growing adoption of home healthcare, affordable treatment options, and the relatively low investment required for virtual visit infrastructure are making these consultations a practical and accessible option for patients.
Transforming Healthcare Delivery
Virtual consultations are transforming the healthcare industry by reducing physical discomfort, patient wait times, and the need for in-person hospital visits. This shift is largely driven by an expanding target demographic: patients with chronic conditions are embracing virtual visits as valuable tools for ongoing monitoring and management of their health.
Market Growth Drivers
Several key factors are expected to propel the virtual visits market forward in the coming years:
• Digitalization: The increasing adoption of digital technologies in healthcare is creating a more fertile ground for virtual visits to flourish.
• Patient Technology Use: The growing comfort level and technical skills of patients using technology are making virtual consultations a more seamless experience.
• Aging Population and Chronic Conditions: The rising global population of senior citizens and the increasing prevalence of chronic illnesses will further amplify the demand for convenient and accessible care options like virtual visits.
Challenges and Considerations
Despite its potential, the virtual visits market also faces some challenges that could hinder its growth:
• Technology Costs: The rising costs of hardware and software required for virtual consultations could limit wider adoption, particularly in resource-constrained settings.
• Privacy and Quality Concerns: Issues related to data privacy, maintaining quality of care during virtual consultations, and ensuring continuity of care across different virtual platforms require careful consideration and solutions.
• Legal and Reimbursement Hurdles: Navigating legal and reimbursement complexities associated with virtual visits can be challenging, and these issues need to be addressed to ensure broader market acceptance.
Future Opportunities
Looking ahead, the virtual visits market holds promise for continued growth driven by advancements in:
• Data Sharing and Interoperability: The development of next-generation solutions for secure data sharing and improved interoperability between healthcare platforms will streamline virtual care delivery.
• AI-powered Triage: The integration of AI-based triage tools can enhance efficiency and accuracy in directing patients to the most appropriate level of virtual care.
• Remote Monitoring Technologies: The adoption of advanced remote patient monitoring technologies can further extend the reach and effectiveness of virtual care.
By addressing the existing challenges and capitalizing on these emerging opportunities, the virtual visits market can continue to revolutionize healthcare delivery, making it more accessible, convenient, and efficient for patients around the world.
North America is anticipated to be the major contributor to the Virtual Visits market over the forecast years because more people are utilizing cutting-edge technologies. The development of cloud-based apps and platforms and the emergence of start-ups producing and delivering these advanced solutions are expected to drive the regional market in the ensuing years. The presence of significant vital players will also help the need for virtual visits in the area grow throughout the forecast period.
In addition, the Asia Pacific Virtual Visits market is expected to grow significantly during the forecast period due to increased internet usage and expanding digitalization, especially in the wake of COVID-19. Additionally, it is projected that the region's market for virtual visits will rise in the coming years due to the rising use of smartphones and the internet.
Major market players operating in the Virtual Visits market include
Dialogue, Doctor On Demand, Doxy(.) ME, Eagle Telemedicine, Edgemed Healthcare, eVisit, HealthTap, Health at Hand, AMD Global Telemedicine, American Well, Koninklijke Philips, Teladoc Health, Banner Health, Beato, Blue Sky MD, Careclix, Cerner, CHI Health, Chiron Health, CVS Health, HealthHero, Instapract, MDLive, MediBuddy, MFine, NeuroSynaptic Communications, Nextcare, Optum, Plushcare, Piedmont Healthcare, Practo, RO, Reecuro Health, SteadyMD, SOC Telemed, TRUDOC Healthcare, Vidyo, VSee, Walmart Health Virtual Care, and Zipnosis.
Recent collaborations and agreements in the market:
• In June 2021, The Federal Communications Commission (FCC) started a connected care pilot program, for which it permitted to start of a three-year study.
• In June 2020, the Leading telehealth vendor InTouch Health was purchased by Teladoc Health, Inc., a well-known virtual healthcare provider with headquarters in the US. The acquisition is anticipated to aid in creating thorough telemedicine and virtual visit tactics.
Curious about this latest version of the report? Obtain Report Details @ https://www.insightaceanalytic.com/enquiry-before-buying/1331
Market Segments
Global Virtual Visits Market, by Component, 2022-2030 (Value US$ Mn)
• Service
• Hardware
Global Virtual Visits Market, by Application, 2022-2030 (Value US$ Mn)
• General Consultation
• Behavioral Health
• Chronic Care Management
• Urgent Care
• Others
Global Virtual Visits Market, by Patient Group, 2022-2030 (Value US$ Mn)
• Adults
• Paediatric
Global Virtual Visits Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Virtual Visits Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Virtual Visits Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Virtual Visits Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Virtual Visits Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Virtual Visits Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Virtual Visits market
To receive an industry overview and future trends of the Virtual Visits market
To analyze the Virtual Visits market drivers and challenges
To get information on the Virtual Visits market value (US$Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Virtual Visits market industry
For More Information @ https://www.insightaceanalytic.com/customisation/1331
Contact Us:
InsightAce Analytic Pvt. Ltd.
Tel.: +1 718 593 4405
Email: info@insightaceanalytic.com
Site Visit: www.insightaceanalytic.com
Follow Us on LinkedIn @ bit.ly/2tBXsgS
Follow Us On Facebook @ bit.ly/2H9jnDZ
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions.
Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses.
We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products.
Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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