Virtual Hospitals Market Size, Share, By Component (Software & Services, Hardware), By Consultation Type (Video Consultation, Audio Consultation, Messaging), By Application (Primary care, Urgent care, Chronic disease management, Mental health care), By End User (Hospitals & Clinics, Pharmacies, Payers), and By Region- Trends, Analysis and Forecast till 2034

Report Code: PMI548724 | Publish Date: July 2024 | No. of Pages: 185

Virtual Hospitals Market Size

Virtual Hospitals Market Size

Virtual Hospitals Market Size was valued at USD 13.3 Million in 2024 and is expected to reach USD 116.4 Million by 2034 growing at a CAGR of 26.9%

A virtual hospital is a full-scale digital hospital that offers a variety of medical treatments online, allowing patients to avoid the stress and burden of going to a remote brick-and-mortar institution. VH improves healthcare accessibility, benefiting those with limited medical treatment access. Like a traditional healthcare institution, a virtual hospital should function flawlessly, with no bottlenecks or unexpected outages. Logically, it is made up of three primary components: a patient side, a provider app, and an online server. Virtual hospitals can significantly reduce the cost of maintaining medical equipment and Hospitals & Clinics. Healthcare practitioners can also prioritize patient care above administrative chores.  It makes booking and attending appointments easier, increasing revenue and improving overall patient happiness. Medical staff can function with greater flexibility and mobility, allowing them to deliver more consistent patient care. They can also broaden their reach by providing services in remote places or inner cities.