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Remote Healthcare Market Size

Report ID: GMI6324
Published Date: Jul 2023
Report Format: PDF

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Remote Healthcare Market Size

Remote Healthcare Market size accounted for USD 6.7 billion in 2022 and is estimated to grow at 17.2% to reach USD 33.5 billion by 2032. Growing adoption of telemedicine and virtual health solutions has significantly propelled the demand for convenient, accessible, and cost-effective remote healthcare services.

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Technology advancements such as improved internet connectivity, mobile devices, and remote monitoring tools have facilitated the widespread adoption of remote healthcare services. Also, changes in healthcare policies and regulations have supported the expansion of telemedicine services and increased reimbursement for remote healthcare.

Remote healthcare is a healthcare delivery model that enables patients to receive medical services and consultations from healthcare professionals remotely, using technology such as video conferencing, audio communication, and digital communication tools. This approach allows patients to access healthcare services conveniently, regardless of their geographic location, and eliminates the need for in-person visits to medical facilities.

Remote Healthcare Market Report Attributes
Report Attribute	Details
Base Year:	2022
Remote Healthcare Market Size in 2022:	USD 6.7 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	17.2%
2032 Value Projection:	USD 33.5 Billion
Historical Data for:	2018 to 2022
No. of Pages:	180
Tables, Charts & Figures:	253
Segments covered:	Service, End-user, and Region
Growth Drivers:	Increasing adoption of virtual care platforms Growing number of smartphone users Technological advancements related to mobile phones and internet
Pitfalls & Challenges:	Security and privacy concerns

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Remote healthcare market size was USD 6.7 billion in 2022 and is estimated to be valued at USD 33.5 billion by end of 2032 due to increasing adoption of telemedicine and virtual health solutions

The provider end-user segment is expected to register USD 17.8 billion in revenue by 2032 driven by growing adoption of telehealth services as well as virtual care platforms.

The remote patient monitoring service segment recorded 46.1% of the market share in 2022 and will witness robust growth through 2032 owing to the rising need to enable proactive and personalized care.

North America held over 40.4% of the market share in 2022 and is anticipated to witness considerable growth through 2032 due to the surging healthcare expenditure coupled with higher implementation of novel technologies for efficient functioning in the region.