Remote Healthcare Market Size, Share & Trends Analysis Report By Service (Remote Patient Monitoring, Real Time Virtual Health, Tele-ICU), By End Use (Payer, Patient, Provider), By Region, And Segment Forecasts, 2024 - 2030
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Remote Healthcare Market Growth & Trends
The global remote healthcare market size is expected to reach USD 32.25 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 16.5% from 2024 to 2030. COVID-19 pandemic has created a burden on healthcare systems. Moreover, many patients were hesitant to visit hospitals owing to fear of contracting COVID-19. This in turn increased the demand for telehealth including real-time virtual health services. For instance, MDLive, a telehealth platform based in the U.S. witnessed a 95% increase in virtual visits and a 300% increase in bookings in the first half of 2020.
Moreover, many remote healthcare vendors, healthcare providers, and the government are taking aid of introducing various platforms to tackle COVID-19. For instance, in April 2021, major digital patient monitoring and real-time virtual health providers Cloud DX, Maple, and Curatio announced their partnership to launch a COVID-19 home monitoring program in Canada. This program will include digital automated monitoring technology along with disease management support and clinical oversight via virtual care. Many hospitals are adopting tele-ICUs to provide effective and efficient treatment to COVID-19 patients and reduce the burden on hospital staff. Such initiatives using technologies to tackle the COVID-19 pandemic are estimated to drive the market.
The rise in healthcare costs, increasing burden of diseases, shortage of hospital beds, and shortage of hospital staff is estimated to drive the market in near future. Moreover, increase penetration of the internet, increasing adoption of smartphones and wearable devices, and increasing spending on healthcare IT is supporting the market growth. Many patients, providers, and insurance companies are adopting technologies owing to their advantages such as enhanced quality of care, low cost, and high efficiency.
Market players are investing in the development of new digital healthcare technologies. Moreover, they are involved in strategic collaborations, partnerships, and mergers and acquisitions to expand to increase adoption of remote healthcare technologies and expand their company market share. For instance, in January 2021, Redox, a health IT company and Withings announced its partnership to make, MED·PRO CARE, a remote patient monitoring platform of Withings compatible with all electronic health record platforms utilized by healthcare stakeholders.
Remote Healthcare Market Report Highlights
Remote Healthcare Market Growth & Trends
The global remote healthcare market size is expected to reach USD 32.25 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 16.5% from 2024 to 2030. COVID-19 pandemic has created a burden on healthcare systems. Moreover, many patients were hesitant to visit hospitals owing to fear of contracting COVID-19. This in turn increased the demand for telehealth including real-time virtual health services. For instance, MDLive, a telehealth platform based in the U.S. witnessed a 95% increase in virtual visits and a 300% increase in bookings in the first half of 2020.
Moreover, many remote healthcare vendors, healthcare providers, and the government are taking aid of introducing various platforms to tackle COVID-19. For instance, in April 2021, major digital patient monitoring and real-time virtual health providers Cloud DX, Maple, and Curatio announced their partnership to launch a COVID-19 home monitoring program in Canada. This program will include digital automated monitoring technology along with disease management support and clinical oversight via virtual care. Many hospitals are adopting tele-ICUs to provide effective and efficient treatment to COVID-19 patients and reduce the burden on hospital staff. Such initiatives using technologies to tackle the COVID-19 pandemic are estimated to drive the market.
The rise in healthcare costs, increasing burden of diseases, shortage of hospital beds, and shortage of hospital staff is estimated to drive the market in near future. Moreover, increase penetration of the internet, increasing adoption of smartphones and wearable devices, and increasing spending on healthcare IT is supporting the market growth. Many patients, providers, and insurance companies are adopting technologies owing to their advantages such as enhanced quality of care, low cost, and high efficiency.
Market players are investing in the development of new digital healthcare technologies. Moreover, they are involved in strategic collaborations, partnerships, and mergers and acquisitions to expand to increase adoption of remote healthcare technologies and expand their company market share. For instance, in January 2021, Redox, a health IT company and Withings announced its partnership to make, MED·PRO CARE, a remote patient monitoring platform of Withings compatible with all electronic health record platforms utilized by healthcare stakeholders.
Remote Healthcare Market Report Highlights
- Tele-ICUs emerged as the leading service segment and accounted for the largest revenue share of 44.2% in 2023
- The provider segment dominated the market and accounted for the largest revenue share in 2023, whereas the patient segment is projected to expand at the fastest CAGR during the forecast period
- North America dominated the market and accounted for the largest revenue share of 38.8% in 2023
- In Asia Pacific, the market is projected to expand at the fastest CAGR during the forecast period
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
CHAPTER 3. REMOTE HEALTHCARE MARKET VARIABLES, TRENDS, & SCOPE
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Billion)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.2. Market Restraints Analysis
3.4. Remote Healthcare Market Analysis Tools
3.4.1. Porter’s Analysis
3.4.1.1. Bargaining power of the suppliers
3.4.1.2. Bargaining power of the buyers
3.4.1.3. Threats of substitution
3.4.1.4. Threats from new entrants
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Economic and Social landscape
3.4.2.3. Technological landscape
3.4.2.4. Environmental landscape
3.4.2.5. Legal landscape
CHAPTER 4. REMOTE HEALTHCARE MARKET: SERVICE ESTIMATES & TREND ANALYSIS
4.1. Segment Dashboard
4.2. Remote Healthcare Market: Service Movement Analysis, 2023 & 2030 (USD Billion)
4.3. Remote Patient Monitoring
4.3.1. Remote Patient Monitoring Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.4. Real Time Virtual Health
4.4.1. Real Time Virtual Health Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.5. Tele-ICU
4.5.1. Tele-ICU Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
CHAPTER 5. REMOTE HEALTHCARE MARKET: END USE ESTIMATES & TREND ANALYSIS
5.1. Segment Dashboard
5.2. Remote Healthcare Market: End Use Movement Analysis, 2023 & 2030 (USD Billion)
5.3. Payer
5.3.1. Payer Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.4. Provider
5.4.1. Provider Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.5. Patient
5.5.1. Patient Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.6. Employer Groups & Government Organization
5.6.1. Employer Groups & Government Organization Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
CHAPTER 6. REMOTE HEALTHCARE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Remote Healthcare Market Share, By Region, 2023 & 2030 (USD Billion)
6.2. North America
6.2.1. North America Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.2.2. U.S.
6.2.2.1. U.S. Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.2.3. Canada
6.2.3.1. Canada Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.2.4. Mexico
6.2.4.1. Mexico Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3. Europe
6.3.1. Europe Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.2. UK
6.3.2.1. UK Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.3. Germany
6.3.3.1. Germany Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.4. France
6.3.4.1. France Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.5. Italy
6.3.5.1. Italy Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.6. Spain
6.3.6.1. Spain Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.7. Denmark
6.3.7.1. Denmark Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.8. Sweden
6.3.8.1. Sweden Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.9. Norway
6.3.9.1. Norway Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4. Asia Pacific
6.4.1. Asia Pacific Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.2. Japan
6.4.2.1. Japan Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.3. China
6.4.3.1. China Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.4. India
6.4.4.1. India Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.5. Australia
6.4.5.1. Australia Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.6. South Korea
6.4.6.1. South Korea Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.7. Thailand
6.4.7.1. Thailand Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5. Latin America
6.5.1. Latin America Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5.2. Brazil
6.5.2.1. Brazil Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5.3. Argentina
6.5.3.1. Argentina Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6. Middle East and Africa
6.6.1. Middle East and Africa Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6.2. South Africa
6.6.2.1. South Africa Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6.3. Saudi Arabia
6.6.3.1. Saudi Arabia Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6.4. UAE
6.6.4.1. UAE Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6.5. Kuwait
6.6.5.1. Kuwait Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
CHAPTER 7. COMPETITIVE LANDSCAPE
7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map Analysis
7.4. Company Profiles
7.4.1. Advanced ICU Care
7.4.1.1. Participant’s Overview
7.4.1.2. Financial Performance
7.4.1.3. Product Benchmarking
7.4.1.4. Recent Developments/Strategic Initiatives
7.4.2. Koninklijike Philips N.V.
7.4.2.1. Participant’s Overview
7.4.2.2. Financial Performance
7.4.2.3. Product Benchmarking
7.4.2.4. Recent Developments/Strategic Initiatives
7.4.3. Teladoc Health
7.4.3.1. Participant’s Overview
7.4.3.2. Financial Performance
7.4.3.3. Product Benchmarking
7.4.3.4. Recent Developments/Strategic Initiatives
7.4.4. AirStrip Technologies
7.4.4.1. Participant’s Overview
7.4.4.2. Financial Performance
7.4.4.3. Product Benchmarking
7.4.4.4. Recent Developments/Strategic Initiatives
7.4.5. Medtronic
7.4.5.1. Participant’s Overview
7.4.5.2. Financial Performance
7.4.5.3. Product Benchmarking
7.4.5.4. Recent Developments/Strategic Initiatives
7.4.6. American Well
7.4.6.1. Participant’s Overview
7.4.6.2. Financial Performance
7.4.6.3. Product Benchmarking
7.4.6.4. Recent Developments/Strategic Initiatives
7.4.7. Resideo Life Care Solutions
7.4.7.1. Participant’s Overview
7.4.7.2. Financial Performance
7.4.7.3. Product Benchmarking
7.4.7.4. Recent Developments/Strategic Initiatives%%%%
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
CHAPTER 3. REMOTE HEALTHCARE MARKET VARIABLES, TRENDS, & SCOPE
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Billion)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.2. Market Restraints Analysis
3.4. Remote Healthcare Market Analysis Tools
3.4.1. Porter’s Analysis
3.4.1.1. Bargaining power of the suppliers
3.4.1.2. Bargaining power of the buyers
3.4.1.3. Threats of substitution
3.4.1.4. Threats from new entrants
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Economic and Social landscape
3.4.2.3. Technological landscape
3.4.2.4. Environmental landscape
3.4.2.5. Legal landscape
CHAPTER 4. REMOTE HEALTHCARE MARKET: SERVICE ESTIMATES & TREND ANALYSIS
4.1. Segment Dashboard
4.2. Remote Healthcare Market: Service Movement Analysis, 2023 & 2030 (USD Billion)
4.3. Remote Patient Monitoring
4.3.1. Remote Patient Monitoring Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.4. Real Time Virtual Health
4.4.1. Real Time Virtual Health Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
4.5. Tele-ICU
4.5.1. Tele-ICU Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
CHAPTER 5. REMOTE HEALTHCARE MARKET: END USE ESTIMATES & TREND ANALYSIS
5.1. Segment Dashboard
5.2. Remote Healthcare Market: End Use Movement Analysis, 2023 & 2030 (USD Billion)
5.3. Payer
5.3.1. Payer Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.4. Provider
5.4.1. Provider Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.5. Patient
5.5.1. Patient Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
5.6. Employer Groups & Government Organization
5.6.1. Employer Groups & Government Organization Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Billion)
CHAPTER 6. REMOTE HEALTHCARE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Remote Healthcare Market Share, By Region, 2023 & 2030 (USD Billion)
6.2. North America
6.2.1. North America Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.2.2. U.S.
6.2.2.1. U.S. Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.2.3. Canada
6.2.3.1. Canada Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.2.4. Mexico
6.2.4.1. Mexico Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3. Europe
6.3.1. Europe Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.2. UK
6.3.2.1. UK Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.3. Germany
6.3.3.1. Germany Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.4. France
6.3.4.1. France Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.5. Italy
6.3.5.1. Italy Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.6. Spain
6.3.6.1. Spain Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.7. Denmark
6.3.7.1. Denmark Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.8. Sweden
6.3.8.1. Sweden Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.3.9. Norway
6.3.9.1. Norway Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4. Asia Pacific
6.4.1. Asia Pacific Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.2. Japan
6.4.2.1. Japan Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.3. China
6.4.3.1. China Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.4. India
6.4.4.1. India Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.5. Australia
6.4.5.1. Australia Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.6. South Korea
6.4.6.1. South Korea Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.4.7. Thailand
6.4.7.1. Thailand Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5. Latin America
6.5.1. Latin America Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5.2. Brazil
6.5.2.1. Brazil Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.5.3. Argentina
6.5.3.1. Argentina Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6. Middle East and Africa
6.6.1. Middle East and Africa Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6.2. South Africa
6.6.2.1. South Africa Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6.3. Saudi Arabia
6.6.3.1. Saudi Arabia Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6.4. UAE
6.6.4.1. UAE Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
6.6.5. Kuwait
6.6.5.1. Kuwait Remote Healthcare Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
CHAPTER 7. COMPETITIVE LANDSCAPE
7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map Analysis
7.4. Company Profiles
7.4.1. Advanced ICU Care
7.4.1.1. Participant’s Overview
7.4.1.2. Financial Performance
7.4.1.3. Product Benchmarking
7.4.1.4. Recent Developments/Strategic Initiatives
7.4.2. Koninklijike Philips N.V.
7.4.2.1. Participant’s Overview
7.4.2.2. Financial Performance
7.4.2.3. Product Benchmarking
7.4.2.4. Recent Developments/Strategic Initiatives
7.4.3. Teladoc Health
7.4.3.1. Participant’s Overview
7.4.3.2. Financial Performance
7.4.3.3. Product Benchmarking
7.4.3.4. Recent Developments/Strategic Initiatives
7.4.4. AirStrip Technologies
7.4.4.1. Participant’s Overview
7.4.4.2. Financial Performance
7.4.4.3. Product Benchmarking
7.4.4.4. Recent Developments/Strategic Initiatives
7.4.5. Medtronic
7.4.5.1. Participant’s Overview
7.4.5.2. Financial Performance
7.4.5.3. Product Benchmarking
7.4.5.4. Recent Developments/Strategic Initiatives
7.4.6. American Well
7.4.6.1. Participant’s Overview
7.4.6.2. Financial Performance
7.4.6.3. Product Benchmarking
7.4.6.4. Recent Developments/Strategic Initiatives
7.4.7. Resideo Life Care Solutions
7.4.7.1. Participant’s Overview
7.4.7.2. Financial Performance
7.4.7.3. Product Benchmarking
7.4.7.4. Recent Developments/Strategic Initiatives%%%%
