Virtual Critical Care Solutions Market By Offering (Hardware, Software and Services), By Technology (Machine learning, Context aware computing, Natural language processing, Computer vision, Speech recognition, Querying method), By Application (Health monitoring, Digital consultation, Virtual nurses, Precision medicines, Drug creation, Healthcare system analysis, Medication management and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Report Code: PMI464621 | Publish Date: May 2024 | No. of Pages: 180

Global Virtual Critical Care Solutions Market Overview

Virtual Critical Care Solutions Market accounted for US$ 826 million in 2020 and is estimated to be US$ 2508 million by 2030 and is anticipated to register a CAGR of 11.9%.

Virtual health gives patients and health stakeholders to share the content, data so that doctors can save time and can have personalized interactions remotely. Online programs are helping patients with prediabetes delay or to avoid the onset of diseases. Virtual health and artificial intelligence capabilities can allow remote imaging. Physicians can easily and securely view patient images and reports, allowing practitioner collaboration and quicker diagnosis. Furthermore, AI detects and highlights suspected abnormalities to aid diagnosis. Virtual critical care is more convenient, accessible and includes home- based testing. Drive through testing labs are helping communities to handle contagious diseases while enabling people to avoid hospitals and close contact with others. Virtual health allows direct channel between clinicians and specialists without the need for face to face visits, enabling convenient and efficient care for patients. 

Impact of Covid-19 pandemic on market

This pandemic situation has fueled demand for virtual care. Furthermore, digital tools help in detecting early diseases. In March 2020, CMS released guidelines to loosen some of the restrictions around virtual health, demonstrating that regulators are recognizing the importance of virtual health for access. COVID-19 is a tipping point for widespread adoption of virtual health.

Global Virtual Critical Care Solutions Market Dynamics

Demands for value based care and shortage of ICU & CCU staff

Value based care is the backbone of strong clinical evidence, as it includes improved patients outcome with lowing cost which is one of the driving factor for virtual critical care solutions market.

Adoption of Artificial Intelligence predictive algorithms

To provide more preventive treatment rather than reactive, companies are adopting artificial intelligence predictive algorithms. Cloud based integration of virtual care platform enhances the market revenue during forecast period.

High cost of virtual critical care solutions

The cost of the virtual care is generally high, so sometimes this will be not feasible for patients. Furthermore, this type of technology has still not reached in developing countries hencecovering under developed countries will take long time which can be a restrain for this market.

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Global Virtual Critical Care Solutions Market Segmentation

The virtual critical care solution market is segmented based on offering, technology, application, and region.

By Offering, the Virtual Critical Care Solutions Market is segmented into Hardware, Software and Services. By Technology, the market is segmented in Machine learning, Context aware computing, Natural language processing, Computer vision, Speech recognition, Querying method. By Application, the Virtual Critical Care Solutions Market is segmented into Health monitoring, Digital consultation, Virtual nurses, Precision medicines, Drug creation, Healthcare system analysis, Medication management and Others. By region, the Virtual Critical Care Solutions Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

 Regional Insights:

On region, the virtual critical care solutions market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominates the market in terms of revenue. The dominant share is attributed to high investments in biotechnology and the development of new biologics. Moreover, an increasing number of technology and robotic devices by companies are one of the driving factors for growth.

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Attribute            

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Offering- Hardware, Software and Services

By Technology- Machine learning, Context aware computing, Natural language processing, Computer vision, Speech recognition and Querying method

By Application- Health monitoring, Digital consultation, Virtual nurses, Precision medicines, Drug creation, Healthcare system analysis, Medication management 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 2019 to 2030. For the purpose of this study, has segmented the virtual critical care solutions  market report based on offering, technology, application, and region.

Virtual Critical Care Solutions Market Segmentation

 Virtual critical Care Solutions Market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
      • U.S.
      • Canada

Global Virtual Critical Care Solutions Market Key Players

The key players operating in the virtual critical care solutions market include Nvidia Corporation, IBM Corporation, AiCure, iCarbonX, Cyrcadia Health Inc., Atomwise, Inc., Pathway Genomics Corporation, Zebra Medical Vision Ltd., Sophia Genetics, Apixio, Inc., General Vision, Inc. and Microsoft among other domestic and global players. On 18th Feb, 2021, a Tech-enabled health provider Eden Health landed US $60 million in Series C funding. Insight Partners led the round with participation from Amigo Health, Aspect Ventures, Company Ventures, Flare Capital, Flexcap Ventures, Max Ventures and PJC.

Global Virtual Critical Care Solutions Market Company Profile

  • General Vision Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nvidia Corporation
  •  IBM Corporation
  •  AiCure
  •  iCarbonX
  •  Cyrcadia Health Inc.
  •  Atomwise, Inc.
  •  Pathway Genomics Corporation
  •  Zebra Medical Vision Ltd.
  •  Sophia Genetics
  •  Apixio Inc.
  • Microsoft

 “*” marked represents similar segmentation in other categories in the respective section.

Global Virtual Critical Care Solutions Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. 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
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for virtual critical care solutions Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Offering
      • Market Snippet, By Technology
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Offering 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Hardware
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Software
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Services
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Market Segmentation, By Technology 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Machine learning
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Context aware computing
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Natural language processing
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Computer vision
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Speech recognition
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Querying method
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Market Segmentation, By Application, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Health monitoring
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Digital consultation
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Virtual nurses
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Precision medicine
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Drug creation
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Healthcare system analysis
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Medication management
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
      •  
  8. Global Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Offering, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Offering, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Offering, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Offering, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Offering, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  10. Company Profiles
  • General Vision Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  •  Nvidia Corporation
  •  IBM Corporation
  •  AiCure
  •  iCarbonX
  •  Cyrcadia Health Inc.
  •  Atomwise, Inc.
  •  Pathway Genomics Corporation
  •  Zebra Medical Vision Ltd.
  •  Sophia Genetics
  •  Apixio Inc.
  • Microsoft

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The global virtual critical care solutions market is segmented based on offering, technology, application, and region.

Value based care is the backbone of strong clinical evidence as it includes improved patients outcome with lowing cost which is one of the driving factor for virtual critical care solutions market.

North America dominates the market in terms of revenue. The dominant share is attributed to North America owing to high investments in biotechnology and the development of new biologics.