Remote Healthcare Market Overview
Remote Healthcare Market was valued at US$ 12 Billion in 2024 and is projected to grow at a CAGR of 9.30%to reach US$ 27.1Billion by 2034.
Remote Healthcare is a telemedicine service which helps in allowing constant monitoring of patient condition and performance of preventive & control check-ups outside medical facilities which made possible by the use of mobile devices which helps in measuring vital signs. Remote Physiologic Monitoring (RPM) is a set of code which describes non-face to face monitoring & analysis of patient physiologic factors that are used for understanding patient’s health status. RPM code allows remote monitoring of oxygen saturation levels in patient with COVID-19. There are many benefits of remote healthcare which includes, reduction of cost care for payers & providers, improves data driven clinical decision making, boosts net patient revenue, helps patient to improve self-management and care plan adherence. Most of the hospitals and health systems use technology for monitoring patients remotely. There are different types of monitoring such as surveillance, effectiveness, implementation and ecological effects. Remote patient monitoring system is the use of digital technologies for monitoring and capturing the medical & other health data from patients and electronically transmit the information to healthcare professionals for assessment. Remote patient monitoring device allows the provider for monitoring, reporting, and analyzing their patient’s acute or chronic conditions from outside the clinic, hospital setting. Remote patient monitoring device enables the real-time understanding of patient’s disease state and thus, enable the provider for making proactive clinical decisions. There are many remote patient monitoring devices available in market. Blood Pressure Cuff – help in calculating patient’s heart rate and blood flow by measuring changes in artery motion. Glucometer – helps in detecting patient’s blood sugar through small drop of blood which is placed on test strip that is connected to device, test strip is then read by a meter to produce blood glucose reading and then the reading is sent in real-time to provider for review. Pulse Oximeter – a non-invasive clip is attached to patient’s finger for measuring light wavelength which helps in determining blood oxygen level, amount of oxygen circulating in patient’s red blood cells, and it records patient’s pulse. However, technological advancement has enhanced the Remote Healthcare Market growth.
Remote Healthcare Market Dynamics
Rising adoption of digital healthcare technologies has become the major factor in remote healthcare market growth. Spurred COVID-19 pandemic, increasing use of internet, smart phones, rapid digitalization, and government initiatives has given rise in use of digital healthcare technologies. School-Based Health Centers helps to manage chronic conditions like bronchial asthma, diabetes and obesity. Telemedicine allows a school nurse, remote access to specialist medical opinion. Correctional Facilities cater to the healthcare needs of the inmates without the expense and dangers of inmate transportation or the need for a specialist doctor to enter. Mobile Health Clinics provides quick access to a remote physician or medical specialist. Shipping and Transportation helps to avoid evacuations and unscheduled diversions during a medical emergency. Industrial Health helps to provide medical management and triage advice on-site. A mobile and portable Telemedicine system with satellite connectivity and customized Telemedicine Software is ideal for a Disaster stricken region where all other modes of connectivity are disrupted. Rapid adoption of software solutions by hospitals, healthcare providers, patients, and insurance payers has become the major factor in growth of remote healthcare. Remote health and related technologies are transforming the way in which care is delivered to underserved populations or individuals who otherwise face burdensome travelling times to receive specialty care, patients who have multiple chronic conditions for which transportation may be a barrier, as well as anyone balancing multiple responsibilities between family, work, exercise, and other social engagements and community activities where the convenience of remote healthcare encounter can better facilitate continuity of care. However, rising adoption of digital healthcare technologies has boosts the demand for target market growth.
Technological advancement
Technological advancement has become the major factor in remote healthcare market growth. Various cutting-edge technologies like, telemedicine, digital tools, AI (artificial intelligence), electronic medical records, videoconferencing, the Internet, Store-and-Forward Imaging, Streaming Media, and Terrestrial and Wireless Communications has transformed the healthcare sector drastically. Remote patient monitoring technologies are the type of digital health platform which enable patients to be determined outside of typical clinical visit, in their home or in their community. For example, patients with hypertension who monitored blood pressure at their home shared their readings with healthcare provider has achieved significantly better blood pressure control. Meta-analyses has found that monitoring blood glucose at home and sharing their reading with healthcare provider has achieved significant improvement in glycaemic control. However, technological advancement has enhanced the target market growth.
Restrains:
Remote patient monitoring requires broadband internet access, new practice software, and its data reliability may be affected with improper use. Video consulting technologies may not be available for low income families and isolated rural areas. Some people particularly older peoples are less comfortable with information technology and hearing impairment with limited English. However, connectivity issues in isolated and rural areas, and troubleshoot issues may restrain the target market growth.
Remote Healthcare Market Segmentation
The Remote Healthcare market is segmented based on service, application, end-users and region.
On the basis of service, the Remote Healthcare market is segmented into Real Time Virtual Health, Remote Patient Monitoring, Tele-ICU. On the basis of application, the target market is segmented into Obstetrics, Cardiology, Diagnosis, and others. On the basis of end-users, the target market is segmented into Patient, Payer, Provider, Government Organizations, and others.
Regional Insights:
On region the Remote Healthcare Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements. Moreover, rising prevalence of chronic disease, well developed & robust healthcare and research infrastructure, increase in geriatric population, advanced technological development, rising adoption of digital healthcare technologies and government initiative is anticipated to increase demand for Remote Healthcare in the region.
Report Scope:
|
Attribute |
Details |
|
Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
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Market Segmentation |
By Service - Real Time Virtual Health, Remote Patient Monitoring, Tele-ICU. By Application – Obstetrics, Cardiology, Diagnosis, and others By End-Users - Patient, Payer, Provider, Government Organizations, and others |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Remote Healthcare Market report based on service, application, end-users, and region:
Remote Healthcare Market, By Service:
- Real Time Virtual Health
- Remote Patient Monitoring
- Tele-ICU
Remote Healthcare Market, By Application:
- Obstetrics
- Cardiology
- Diagnosis
- Others
Remote Healthcare Market, By End-Users:
- Patient
- Payer
- Provider
- Government Organizations
- Others
Remote Healthcare Market, By Region:
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-
- North America
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- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
-
Remote Healthcare Market Key Players
The key players operating the Remote Healthcare Market includes, Medtronic plc., Philips Healthcare, InTouch Technologies, AirStrip Technologies, Amwell, Clear Arch Health, Teladoc Health, Zoom, Cisco Systems, Sesame Care, and others.
Remote Healthcare Market Key Issues Addressed
Recent Development:
- In January 2023, Teladoc Health has launched fully integrated whole-person virtual care experience with new App. With the help of newly launched app consumers will be able to seamlessly access Teladoc Health full range of services which includes, mental health, primary care, and chronic condition management from one place and at a single account.
- In November 2022, Medtronic has launched Medtronic Customer eXperience Center (MCXC) in Singapore for driving remote access to innovative technologies and training. Newly launched center offers leveraging innovative healthcare technologies across augmented and virtual reality, extended reality (XR), and robotics to connect the global healthcare community at anytime from anywhere.
Remote Healthcare Market Company Profile
- Medtronic plc.*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Philips Healthcare
- InTouch Technologies
- AirStrip Technologies
- Amwell
- Clear Arch Health
- Teladoc Health*
- Zoom
- Cisco Systems
- Sesame Care
“*” marked represents similar segmentation in other categories in the respective section
Remote Healthcare Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Service
- Market Snippet, By Application
- Market Snippet, By End-Users
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Remote Healthcare Market, By Service
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Real Time Virtual Health
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Remote Patient Monitoring
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Tele-ICU
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Remote Healthcare Market, By Application, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Obstetrics
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Cardiology
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Diagnosis
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Remote Healthcare Market, By End-Users, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Patient
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Payer
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Provider
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Government Organizations
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Remote Healthcare Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
-
- Latin America
- Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Latin America
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-
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Service, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
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- GCC
- Israel
- South Africa
- Rest of Middle East
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-
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Medtronic plc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Philips Healthcare
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- InTouch Technologies
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- AirStrip Technologies
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Amwell
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Clear Arch Health
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Teladoc Health
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Zoom
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Cisco Systems
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Sesame Care
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Remote Healthcare Market is segmented into service, application, end-users, and region.
Remote Healthcare Market is driven by factors like rising adoption of digital healthcare technologies, and technological advancement.
By region, the Remote Healthcare market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements.
The key players operating the Remote Healthcare Market includes, Medtronic plc., Philips Healthcare, InTouch Technologies, AirStrip Technologies, Amwell, Clear Arch Health, Teladoc Health, Zoom, Cisco Systems, Sesame Care, and others.