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Remote Healthcare Market Trends

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

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Remote Healthcare Market Trends

The increasing adoption of virtual care platforms is expected to boost the remote healthcare industry gains. With the rise of telehealth services and digital health solutions, patients and healthcare providers are adopting the convenience and accessibility offered by virtual care. These platforms enable seamless remote consultations, remote monitoring, and health data management, making healthcare services more accessible and efficient for patients, while optimizing healthcare providers operations. Moreover, the COVID-19 pandemic has accelerated the acceptance and integration of these virtual care platforms, as they provide a safe alternative to in-person visits. For instance, in 2020, according to the Centers for Disease Control and Prevention (CDC), a 154% increase in the virtual healthcare visits were noted in the last week of March as compared with the same period in 2019.

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.