Virtual Health Service Market

Virtual health is the use of software and digital tools by healthcare providers to enhance the quality of patient care. These tools can be accessed via laptops, desktop computers, tablets, cellphones, and other digital devices. It also acts as a link between doctors and patients, wherever they may be in the world. Instead of physically seeing the doctor, patients can video-chat with a doctor or specialist. You now know everything there is to know about the virtual health element.

Market Dynamics:

Increasing demand for convenient and accessible healthcare services, technological advancements in telemedicine and virtual health platforms & rising healthcare costs and the need for more efficient healthcare delivery are major factors that can drive the global virtual health service market growth during the forecast period.

According to the American Medical Association's (AMA) 2021 Telehealth Survey report, nearly 85% of physician respondents used  telehealth to provide care to patients, and nearly 70% stated their organization  motivated to continue using telehealth in their practice. Many doctors uses telehealth to handle chronic diseases, and for continuous medical management, care coordination, mental/behavioral health, and specialist care. According to the same poll, 95% of physicians reportd that their patients are primarily located at home during the virtual appointment. Allowing patients to remain in their own homes is an important part of making telehealth more accessible.

However, limited access to technology and internet infrastructure in some regions, privacy and security concerns related to sensitive health data & regulatory challenges are expected to hamper the growth of the global virtual health service market over the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global virtual health service market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global virtual health service market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Teladoc Health, Amwell, Doctor on Demand, MDLive, 98point6, Babylon Health, eVisit, HealthTap, American Well (now known as Amwell), and Livongo (acquired by Teladoc Health)
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• Global virtual health service market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global virtual health service market

Virtual Health Service Market Detailed Segmentation:

• By Service Type:
  • Telemedicine
  • Remote Monitoring
  • Digital Health Platforms
  • mHealth Apps
• By Mode of Delivery:
  • Web-Based
  • App-Based
  • Phone-Based
• By End User:
  • Patients
  • Healthcare Providers
  • Payers
  • Employers
  • Others
• By Specialty/Use Case:
  • General Medicine
  • Mental Health
  • Dermatology
  • Chronic Condition Management
  • Remote Surgery Assistance
  • Nutrition and Fitness
  • Women's Health
  • Pediatrics
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • Teladoc Health
  • Amwell
  • Doctor on Demand
  • MDLive
  • 98point6
  • Babylon Health
  • eVisit
  • HealthTap
  • American Well (now known as Amwell)
  • Livongo (acquired by Teladoc Health)