The distance health technology global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Distance Health Technology Market, 2024 report by The Business Research Company
offers comprehensive insights into the current state of the market and
highlights future growth opportunities.
Market Size -
The distance health technology market size has grown rapidly in recent years.
It will grow from $29.95 billion in 2023 to $35.20 billion in 2024 at a
compound annual growth rate (CAGR) of 17.5%. The growth in the historic period
can be attributed to increasing healthcare expenditure, increasing population,
increasing demand for better healthcare services, rising prevalence of chronic
diseases, improvements in communication technologies, and growing demand for
remote patient monitoring.
The distance health technology market size is expected to see rapid growth in
the next few years. It will grow to 65.56 billion in 2028 at a compound annual
growth rate (CAGR) of 16.8%. The growth in the forecast period can be
attributed to increasing adoption of wearable technology and IoT solutions,
adoption of telemedicine & telehealth, technological advancements,
increasing demand for distance health technologies, rising adoption of digital
health technologies, and increasing adoption of connected medical devices.
Major trends in the forecast period include increasing adoption of telecare,
increasing adoption of ehealth technologies, telemedicine expansion, artificial
intelligence (ai) in diagnostics, virtual health platforms, and personalized
healthcare.
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Scope Of Distance Health Technology Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Distance Health Technology Market Overview
Market Drivers -
Increasing demand for remote healthcare services is expected to propel the
growth of the distance health technology market going forward. Remote
healthcare services involve the provision of healthcare services using
technology to connect patients with healthcare professionals from a distance.
Distance health technology is used in remote healthcare services to deliver
healthcare services to remote areas where access to traditional healthcare
facilities may be limited or challenging. For instance, in February 2023,
according to a survey conducted by Rock Health, a US-based health technology
company, in a survey of 8,014 respondents, around 76% of people over the age of
55 have used telemedicine, and 80% of all respondents reported having accessed
care via telemedicine at some point in their lives, up 8% from 72% in 2021.
Therefore, increasing demand for remote healthcare services is driving the
distance health technology market.
Market Trends -
Major companies operating in the distance health technology market are focused
on developing innovative products with advanced technological solutions such as
Extended Reality (XR)-supported healthcare ecosystems to strengthen their
position in the market. Extended reality (XR) refers to an umbrella term that
encompasses various immersive technologies, including virtual reality (VR),
augmented reality (AR), and mixed reality (MR). For instance, in June 2023,
Amrita Hospital, an India-based multi-speciality tertiary care hospital chain,
developed a groundbreaking Extended Reality (XR)-supported healthcare
ecosystem, harnessing augmented reality (AR), virtual reality (VR), and mixed
reality (MR) technologies to elevate capabilities in patient care, medical
training, and research. This innovative integration of advanced technology sets
a significant milestone in India's healthcare industry. The XR-supported system
empowers medical professionals to visualize organs in holographic form,
facilitating the delivery of personalized, precision medicine. Embracing
metaverse concepts and leveraging patient data such as CT scans, the XR system
enables doctors to comprehend intricate defects, meticulously plan challenging
surgeries, and collaborate globally.
The distance health technology market covered in this report is segmented –
1) By Technology Type: Telemedicine, Remote Patient Monitoring, mHealth (Mobile
Health) Applications, Virtual Healthcare Solutions
2) By Delivery Mode: Software, Hardware, Services
3) By Application: Consultation And Diagnosis, Monitoring And Prevention,
Treatment And Rehabilitation, Education And Awareness
4) By End-User: Hospitals And Clinics, Home Healthcare, Diagnostic Centers,
Ambulatory Surgical Centers, Other End-Users
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Regional Insights -
North America was the largest region in the distance health technology market
in 2023. Asia-Pacific is expected to be the fastest-growing region in the
forecast period. The regions covered in the distance health technology market
report are Asia-Pacific, Western Europe, Eastern Europe, North America, South
America, Middle East, Africa.
Key Companies -
Cisco Systems, Medtronic plc, Siemens Healthineers, Koninklijke Philips N.V.,
GE Healthcare, Teladoc Health Inc, Advantech Co Ltd, Allscripts Healthcare
Solutions, Cerner Corporation, Babylon Health, American Well Corporation,
MDLive Inc., Merative, Doctor On Demand Inc., GlobalMed, Rudolf Riester GmbH,
Health Recovery Solutions, Dreamsoft4u, CLB bv, Tryten Technologies Inc, VSee,
Sound Intelligence, Aerotel Ltd., AMD Global Telemedicine, Care Innovations,
MEDWAND SOLUTIONS INC, Cloud DX, Omcare
Table of Contents
1. Executive Summary
2. Distance Health Technology Market Report Structure
3. Distance Health Technology Market Trends And Strategies
4. Distance Health Technology Market – Macro Economic Scenario
5. Distance Health Technology Market Size And Growth
…..
27. Distance Health Technology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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