Remote Healthcare Market Research Report
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This market research report on the remote healthcare (mHealth, tele-ICUs, and virtual health) market offers analysis on market size and forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by service (mHealth, tele-ICUs, and virtual health (audio visits, video visits, and chat consultations), end-users (hospitals and clinics, individuals, and other medical service providers), and geography (APAC, Europe, North America, and ROW).

Remote Healthcare Market - Overview

The introduction of connected health services helps in the communication, diagnosis, treatment, and patient monitoring in remote locations. Telecommunications help reduce the cost of healthcare services and are attributing to the growth of the global remote healthcare market. The rising use of mobile and wireless technologies is promoting the mHealth market and will propel the development of the global healthcare market. The application areas of mHealth include health call centers, emergency toll-free telephone services, emergency and disaster management, mobile patient records, and health surveys. The growing demand for mHealth services from countries such as the US, the UK, and Germany will contribute to the revenues in the global market. Leading vendors are leveraging advancement in technology to launch new services in the global tele -ICUs market and gain a larger market share.

Leading service providers are forming partnerships with software developing companies that will help in the development and innovation of services offered in the global virtual visits market. Further, the increasing number of smartphone and wearable users will boost the demand in the mHealth market. The global remote healthcare market is projected to generate the revenue of $36.92 billion by 2023, growing at an impressive CAGR of 17.74% during the forecast period.

Global Remote Healthcare (mhealth, Tele-ICUs & Virtual Health) Market Size in Revenue

Global Remote Healthcare (mhealth, Tele-ICUs & Virtual Health) Market Size in Revenue

Remote Healthcare Market - Dynamics

The increase in collaborative partnerships and planning between the healthcare service providers and various government organizations to meet the requirements and offer sustainable healthcare services in remote locations is propelling the growth of the remote healthcare market. These partnerships will enable effective use of available resources to improve the transition of patients between healthcare services and provide better access patient care and disease management services. This collaborative health service planning and policy development will ensure that specific needs of rural and remote communities are fulfilled, proper utilization of available resources and workforce, and develop positive and effective partnerships in the healthcare sector. Such initiatives will augment the development of the virtual visits market over the next few years.

Remote Healthcare Market Segmentation

This market research report includes a detailed segmentation of the market by service, end-users, and geography.

Segmentation of Remote Healthcare Market

Remote Healthcare Market – By Services

mHealth services to dominate the remote healthcare market share during the forecast period

The remote healthcare market by service is divided into mHealth, tele-ICUs, and virtual health segments. The mHealth services segment dominated the global market, occupying around 84% of the total market share and is expected to generate the revenue of $30.43 billion by 2023. The increasing adoption of smartphones and smart gadgets and the growing preference toward self-management of diseases are fueling the demand for mHealth services in the global market. Some of the most common devices integrated with mHealth applications include blood pressure monitoring devices, blood glucose monitors, heartrate monitoring devices, and sleep monitoring devices. Government initiatives for favorable reimbursement policies and increased awareness about disease management will have a positive impact on the growth of the global mHealth market.

Remote Healthcare Market – By End-Users

Hospitals and clinics end-user segment to occupy the largest market share in the remote healthcare market during forecast period

The end-users segment in the global remote healthcare market is classified into hospitals and clinics, individuals, and other medical service providers. Healthcare centers and clinics were the largest end-user segments in the global market, accounting for around 50% of the total market share in 2017. The entry of new vendors is enabling the availability of enhanced healthcare services and investment in the medical sector. The adoption of tele-ICUs and virtual care services for diagnosis and intervention is attributing to the growth of the hospitals and clinics segment in the global market. Leading vendors are leveraging the adoption of innovative technology to introduce various telemedicine services in the tele ICUs market.

Remote Healthcare Market – By Geography

North America to dominate the global remote healthcare market during the forecast period

The geographical segment in the global remote healthcare market is divided into APAC, Europe, North America, and ROW. North America dominated the global healthcare market, occupying close to 41% of the total market share in 2017 and is expected to grow at an exponential CAGR of 21.34% during the forecast period. The lucrative reimbursement policy introduced by the government agencies promoting the use of telemedicine and virtual health services is driving the market in North America. The US and Canada are the major revenue contributors to the market in North America. Further, the increasing investments in R&D and technological innovations will help major players in the North American region occupy a larger market share over the next few years.

Key Countries Profiled

The key countries profiled in the report are:

  • US
  • Canada
  • UK
  • Germany
  • France
  • China
  • Japan
  • India
  • Saudi Arabia
  • South Africa
  • Brazil
  • Mexico

Key Vendor Analysis

The presence of various regional and international players in the global remote healthcare market is intensifying the competition level. The introduction of digital technology and cloud-based systems in hospitals and clinics will create new opportunities for vendors in the global virtual visits market. Service extensions, technological innovations, and strategic M&A are some of the effective initiatives taken by companies to gain a larger market share in the market. The improving economic condition in various fast-developing countries in APAC will encourage leading players to focus on business expansion plans in these regions during the forecast period.

The major vendors in the global market are:

  • Medtronic
  • Teladoc
  • American Well
  • Airstrip Technologies
  • BioTelemetry/LifeWatch

 

Other prominent vendors include InTouch Health, iMDsoft, UPMC Italy, INTeleICU, TeleICUcare, INOVA, Carena, MDLIVE, edgeMED Healthcare, Mercy Virtual, CHI Health, MedSpring, Celtic Healthcare, Integrity Urgent Care, THA group, Premera Blue Cross, United HealthCare Services, virtuwell, Zipnosis, Ringadoc/MedXCom, MeMD, Plushcare, iSelectMD, eVisit, meVisit, Specialists on Call, Vidyo, VSee, AliveCor, Jawbone, OMRON Healthcare, AgaMatrix, iHealth Lab, AT&T, Masimo, and Athenahealth.

Key market insights include

  1. The analysis of remote healthcare market provides market size and growth rate for the forecast period 2018–2023.
  2. It offers comprehensive insights on current industry trends, trend forecast, and growth drivers about the remote healthcare market.
  3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
  4. It offers a complete overview of market segments and the regional outlook for the remote healthcare market.
  5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

According to the latest industry analysis by Arizton, the size of the global remote healthcare market is expected to reach $36.92 billion by 2023, growing at an impressive CAGR of 17.74% 2017–2023. The report provides an in-depth market and segmental analysis of the global remote healthcare market by product, distribution channel, material, and geography.

The global remote healthcare market is driven by rising chronic disease worldwide and increasing cost of healthcare expenditure. The real-time access and growing awareness in self-disease management will propel the growth of the global market during the forecast period.

Base Year:                  2017

Forecast Year:           2018–2023

The study considers the present scenario of the global remote healthcare market and its market dynamics for the period 2018−2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading four companies and 59 other prominent companies operating in the market.

Major Vendors in the Global Remote Healthcare Market

  • Medtronic
    • Company Overview
    • Key Strength
    • Key Strategy
    • Key Opportunity
  • Teladoc
  • American Well
  • Airstrip Technologies
  • BioTelemetry/LifeWatch

 

Prominent Players in the Global Remote Healthcare Market

  • InTouch Health
    • Company Overview
  • iMDsoft
  • UPMC Italy
  • INTeleICU
  • TeleICUcare
  • INOVA
  • Carena
  • MDLIVE
  • edgeMED Healthcare
  • Mercy Virtual
  • CHI Health
  • MedSpring
  • Celtic Healthcare
  • Integrity Urgent Care
  • THA group
  • Premera Blue Cross
  • United HealthCare Services
  • Virtuwell
  • Zipnosis
  • Ringadoc/MedXCom
  • MeMD
  • Plushcare
  • iSelectMD
  • eVisit
  • meVisit
  • Specialists on Call
  • Vidyo
  • VSee
  • AliveCor
  • Jawbone
  • OMRON Healthcare
  • AgaMatrix
  • iHealth Lab
  • AT&T
  • Masimo
  • Athenahealth

Market Segmentation by Services

  • mHealth
  • Tele-ICUs
  • Virtual health
    • Audio visits
    • Video visits
    • Chat consultations

Market Segmentation by End-users

  • Hospitals and clinics
  • Individuals
  • Other medical service providers

Market Segmentation by Geography

  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
  • APAC
    • India
    • China
    • Japan
  • ROW
    • Saudi Arabia
    • South Africa
    • Brazil
    • Mexico

 

1          Research Methodology

2          Research Objectives

3          Research Process

 

4          Report Coverage

4.1       Market Definition

4.2       Base Year

4.3       Scope Of Study

4.3.1   Market Segmentation By Service

4.3.2   Market Segmentation By End-User

4.3.3   Market Segmentation By Geography

 

5          Report Assumptions & Caveats

5.1       Key Caveats

5.1.1   Inclusions

5.1.2   Exclusions

5.2       Currency Conversion

5.3       Market Derivation

 

6          Market at a Glance

7          Introduction

7.1       Global Remote Healthcare Market

7.1.1   mhealth

7.1.2   Tele-ICUs

7.1.3   Virtual Health

 

8          Market Dynamics

8.1       Market Growth Enablers

8.1.1   Rising Incidences Of Chronic Diseases Worldwide

8.1.2   Increasing Awareness Toward Self-Care And Disease Management

8.1.3   Decreasing Medical Cost For Low-Income Countries

8.1.4   Growing Market Penetration Of Smartphones

8.1.5   YOY  Impact Of Market Growth Enablers

8.1.6   YOY Impact Of Market Growth Enablers On Geographies

8.2       Market Growth Restraint

8.2.1   Inadequate Reimbursement Scenario

8.2.2   Inefficient Telecommunication Network

8.2.3   Low Awareness About Remote Healthcare

8.2.4   Security Threats

8.2.5   Government Regulations

8.2.6   YOY Impact Of Market Growth Restraint

8.2.7   YOY Impact Of Market Growth Restraint On Regions

8.3       Market Opportunities & Trends

8.3.1   High R&D Investment

8.3.2   High Demand For Health & Fitness Gadgets

8.3.3   Government Initiatives

8.3.4   Training Programs For Medical Professionals

8.3.5   YOY Impact Of Market Growth Opportunities

8.3.6   YOY Impact Of Market Growth Opportunities On Geographies

 

9          Global Remote Healthcare Market

9.1       Market Overview

9.1.1   Historical Data

9.1.2   Market Size & Forecast

9.2       Porter's Five Force Analysis

9.2.1   Threats Of New Entrants

9.2.2   Bargaining Power Of Suppliers

9.2.3   Bargaining Power Of Buyers

9.2.4   Threats Of Substitutes

9.2.5   Competitive Rivalry

 

10        Market Segmentation By End-Users

 

11        Market By Service

11.1    Market Overview

 

12        Global mhealth Market

12.1    Historical Data

12.2    Market Size & Forecast

12.3    Market Dynamics

12.4    Market Competition

12.5    Key Takeaways

 

13        Global Tele-ICUs Market

13.1    Historical Data

13.2    Market Size & Forecast

13.3    Market Segmentation

13.3.1 Market Segmentation By Model Type

13.4    Market Dynamics

13.5    Market Competition

13.6    Key Takeaways

 

14        Global Virtual Health Market

14.1    Historical Data

14.2    Market Size & Forecast

14.3    Market Segmentation

14.3.1 Market Segmentation By Providers

14.3.2 Service Providers: Market Size And Analysis

14.3.3 Infrastructure Providers: Market Size And Analysis

14.4    Market Segmentation By Mode Of Visit

14.4.1 Video Visits: Market Size & Forecast

14.4.2 Audio Visits: Market Size & Forecast

14.4.3 Chat Consultation: Market Size & Forecast

14.5    Market Dynamics

14.6    Market Competition

14.7    Key Takeaways

 

15        Geographical Segmentation

15.1    Market Overview

 

16        North America

16.1    Market Overview

16.2    Market Size & Forecast

16.3    Key Countries

16.3.1 US: Market Size & Forecast

16.3.2 Canada: Market Size & Forecast

16.4    Leading Trend, Driver, And Restraint

 

17        Europe

17.1    Market Overview

17.2    Market Size & Forecast

17.3    Key Countries

17.3.1 Germany: Market Size And Forecast 2017−2023

17.3.2 UK: Market Size And Forecast

17.3.3 France: Market Size And Forecast

17.4    Leading Trend, Driver, And Restraint

 

18        APAC

18.1    Market Size & Forecast

18.2    Key Countries

18.2.1 China: Market Size & Forecast

18.2.2 Japan: Market Size & Forecast

18.2.3 India: Market Size & Forecast

18.3    Leading Trend, Driver, And Restraint

 

19        Rest Of World

19.1    Market Overview

19.2    Market Size & Forecast

19.3    Key Countries

19.3.1 Saudi Arabia

19.3.2 South Africa

19.3.3 Brazil

19.3.4 Mexico

19.4    Leading Trend, Driver, And Restraint

 

20        Competitive Landscape

20.1    Competition Overview

20.2    Market Structure And Mapping Of Competition

20.2.1 Herfindahl-Hirschman Index

20.3    Market Vendor Analysis

20.3.1 mhealth

20.3.2 Virtual Health

20.3.3 Tele-ICUs

 

21        Key Company Profiles

21.1    Medtronic

21.1.1 Company Overview

21.1.2 Key Strength

21.1.3 Key Strategy

21.1.4 Key Opportunity

21.2    Teladoc

21.2.1 Company Overview

21.2.2 Key Strength

21.2.3 Key Strategy

21.2.4 Key Opportunity

21.3    American Well

21.3.1 Company Overview

21.3.2 Key Strength

21.3.3 Key Strategy

21.3.4 Key Opportunity

21.4    Airstrip Technologies

21.4.1 Company Overview

21.4.2 Key Strength

21.4.3 Key Strategy

21.4.4 Key Opportunity

21.5    Biotelemetry/Lifewatch

21.5.1 Company Overview

21.5.2 Key Strength

21.5.3 Key Strategy

21.5.4 Key Opportunity

 

22        Other Prominent Vendors

22.1    Intouch Health

22.1.1 Company Overview

22.2    iMDsoft

22.2.1 Company Overview

22.3    UPMC Italy

22.3.1 Company Overview

22.4    INTeleICU

22.4.1 Company Overview

22.5    TeleICUCare

22.5.1 Company Overview

22.6    Inova

22.6.1 Company Overview

22.7    Carena

22.7.1 Company Overview

22.8    AMD Global Telemedicine

22.8.1 Company Overview

22.9    MDLive

22.9.1 Company Overview

22.10  edgeMED Healthcare

22.10.1 Company Overview

22.11  Mercy Virtual

22.11.1 Company Overview

22.12  CHI Health

22.12.1 Company Overview

22.13  MedSpring

22.13.1 Company Overview

22.14  Celtic Healthcare

22.14.1 Company Overview

22.15  Integrity Urgent Care

22.15.1 Company Overview

22.16  THA Group

22.16.1 Company Overview

22.17  Premera Blue Cross

22.17.1 Company Overview

22.18  United Healthcare Services

22.18.1 Company Overview

22.19  Virtuwell

22.19.1 Company Overview

22.20  Zipnosis

22.20.1 Company Overview

22.21  Ringadoc/Medxcom

22.21.1 Company Overview

22.22  MeMD

22.22.1 Company Overview

22.23  Plushcare

22.23.1 Company Overview

22.24  iSelectMD

22.24.1 Company Overview

22.25  eVisit

22.25.1 Company Overview

22.26  meVisit

22.26.1 Company Overview

22.27  Specialists On Call

22.27.1 Company Overview

22.28  Vidyo

22.28.1 Company Overview

22.29  VSee

22.29.1 Company Overview

22.30  AliveCor

22.30.1 Company Overview

22.31  Jawbone

22.31.1 Company Overview

22.32  OMRON Healthcare

22.32.1 Company Overview

22.33  AgaMatrix

22.33.1 Company Overview

22.34  iHealth Lab

22.34.1 Company Overview

22.35  AT&T

22.35.1 Company Overview

22.36  Masimo

22.36.1 Company Overview

22.37  Athenahealth

22.37.1 Company Overview

 

23        Report Summary

23.1    Key Takeaways

23.2    Strategic Recommendation

23.3    Qualitative Summary

23.4    Quantitative Summary

 

24        Appendix

24.1    List of Abbreviations

           

           

List of Exhibts        

Exhibit 1         Segmentation of Remote Healthcare Market

Exhibit 2         Market Size Calculation Approach 2017

Exhibit 3         Market Size Calculation 2017

Exhibit 4         Factor Impacting Remote Healthcare

Exhibit 5         Overview of Global Remote Healthcare Market

Exhibit 6         Global Distribution of Chronic Diseases by Income Group 2015−2016

Exhibit 7         Market Penetration of Smartphones in Developed Countries (per 100 inhabitants)

Exhibit 8         Market Penetration of Smartphones in Developing Countries (per 100 inhabitants)

Exhibit 9         Global Remote Healthcare Market: Historical Data 2014−2016 ($ billion)

Exhibit 10       Global Remote Healthcare Market 2017−2023 ($ billion)

Exhibit 11       Porter's Five Force Analysis: Global Market 2017 and 2023

Exhibit 12       Global Remote Healthcare Market by End-users 2017

Exhibit 13       Market by Service Type

Exhibit 14       Market by Service Type 2017 and 2023

Exhibit 15       Market by Service Type 2017—2023 ($ billion)

Exhibit 16       Global mHealth Market: Historical Data 2014−2016 ($ billion)

Exhibit 17       Factors Impeding mHealth Market

Exhibit 18       Global mHealth Market 2017−2023 ($ billion)

Exhibit 19       Drivers and Restraints: Global mHealth Market

Exhibit 20       Global Tele-ICUs Market: Historical Data 2014−2016 ($ billion)

Exhibit 21       Global Tele-ICUs Market 2017−2023 ($ billion)

Exhibit 22       Drivers and Restraints: Global Tele-ICUs Market

Exhibit 23       Global Virtual Health Market: Historical Data 2014−2016 ($ billion)

Exhibit 24       Global Virtual Health Market 2017−2023 ($ billion)

Exhibit 25       Global Virtual Health Market Share by Providers 2017

Exhibit 26       Service Providers Market in 2017−2023 ($ million)

Exhibit 27       Infrastructure Providers Market in 2017−2023 ($ billion)

Exhibit 28       Global Virtual Visit Market Share by Mode of Visit

Exhibit 29       Global Video Visits Market 2017−2023 ($ million)

Exhibit 30       Global Audio Visits Market 2017−2023 ($ million)

Exhibit 31       Global Chat Consultations Market 2017−2023 ($ million)

Exhibit 32       Drivers and Restraints: Global Virtual Health Market

Exhibit 33       Market Share of Geographies in Remote Healthcare Market 2018 and 2023

Exhibit 34       CAGRs of Key Geographies 2018−2023

Exhibit 35       Market Share of Major Geographies: Remote Healthcare Market 2017

Exhibit 36       Market in North America 2017−2023 ($ billion)

Exhibit 37       Market in US 2017−2023 ($ billion)

Exhibit 38       Telehealth Services in US 2017

Exhibit 39       Market in US by Services 2017

Exhibit 40       Market in Canada 2017−2023 ($ billion)

Exhibit 41       Market in Canada by Services 2017

Exhibit 42       Market in Europe 2017−2023 ($ billion)

Exhibit 43       Market in Europe by Services 2017

Exhibit 44       Market in Germany 2017−2023 ($ billion)

Exhibit 45       Market in Germany by Services 2017

Exhibit 46       Market in UK 2017−2023 ($ billion)

Exhibit 47       Market in UK by Services 2017

Exhibit 48       Market in France 2017−2023 ($ billion)

Exhibit 49       Market in France by Services 2017

Exhibit 50       Market in APAC 2017−2023 ($ billion)

Exhibit 51       Market in APAC by Services 2017

Exhibit 52       Market in China 2017−2023 ($ million)

Exhibit 53       Market in China by Services 2017

Exhibit 54       Market in Japan 2017−2023 ($ million)

Exhibit 55       Market in Japan by Services 2017

Exhibit 56       Market in India

Exhibit 57       Market in India 2017−2023 ($ million)

Exhibit 58       Market in India by Services 2017

Exhibit 59       Market in ROW 2017−2023 ($ billion)

Exhibit 60       Market in ROW by Services 2017

Exhibit 61       Overview of Market Concentration in Geographies 2016 (as illustrated by HHI)

           

List of Tables

Table 1            Key Geographies Definition

Table 2            Key Caveats

Table 3            Currency Conversion 2013−2017

Table 4            Healthcare Expenditure of Different Countries

Table 5            YOY Impact of Market Growth Enablers 2017−2023

Table 6            YOY Impact of Market Growth Enablers on Regions 2017

Table 7            YOY Impact of Market Growth Restraint 2017−2023

Table 8            YOY Impact of Market Growth Restraint on Regions 201

Table 9            YOY Impact of Market Growth Opportunities 2017−2023

Table 10         YOY Impact of Market Growth Opportunities on Regions 2017

Table 11         Impact Analysis of Remote Healthcare Market by Service 2017 and 2023

Table 12         Service Providers in End-user Segmentation

Table 13         Drivers and Challenges in Remote Healthcare Market by End-users

Table 14         Global Tele-ICUs Market by Model Type

Table 15         Impact Analysis of Tele-ICUs Market by Model Type 2017 and 2023

Table 16         Impact Analysis of Virtual Health Market by Providers 2017 and 2023

Table 17         Impact Analysis of Virtual Health Market by Mode of Visit 2017 and 2023

Table 18         Licensure Requirement for Out-of-Province Telemedicine Events

Table 19         Leading mHealth Service Providers 2017

Table 20         Leading Virtual Health Service Providers 2017

Table 21         Leading Tele-ICUs Service Providers 2017

Table 22         Qualitative Summary of Global Market

Table 23         Quantitative Summary of Global Market by Geography ($ billion)

Table 24         Quantitative Summary of Global Market by Geography (%)

Table 25         Quantitative Summary of Remote Healthcare Market by Services ($ billion)

Table 26         Quantitative Summary of Market by Services (%)

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