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Remote Healthcare (mHealth, Tele-ICUs, & Virtual Health) Market - Global Outlook and Forecast 2018-2023

Remote Healthcare (mHealth, Tele-ICUs, & Virtual Health) Market - Global Outlook and Forecast 2018-2023

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.

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.

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.

Report Snapshot

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 Remote Healthcare 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: Remote Healthcare Market
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: Remote Healthcare Market
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 Exhibits
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 Remote Healthcare Market 2017 and 2023
Exhibit 12 Global Remote Healthcare Market by End-users 2017
Exhibit 13 Global Remote Healthcare Market by Service Type
Exhibit 14 Global Remote Healthcare Market by Service Type 2017 and 2023
Exhibit 15 Global Remote Healthcare 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 Remote Healthcare Market in North America 2017−2023 ($ billion)
Exhibit 37 Remote Healthcare Market in US 2017−2023 ($ billion)
Exhibit 38 Telehealth Services in US 2017
Exhibit 39 Remote Healthcare Market in US by Services 2017
Exhibit 40 Remote Healthcare Market in Canada 2017−2023 ($ billion)
Exhibit 41 Remote Healthcare Market in Canada by Services 2017
Exhibit 42 Remote Healthcare Market in Europe 2017−2023 ($ billion)
Exhibit 43 Remote Healthcare Market in Europe by Services 2017
Exhibit 44 Remote Healthcare Market in Germany 2017−2023 ($ billion)
Exhibit 45 Remote Healthcare Market in Germany by Services 2017
Exhibit 46 Remote Healthcare Market in UK 2017−2023 ($ billion)
Exhibit 47 Remote Healthcare Market in UK by Services 2017
Exhibit 48 Remote Healthcare Market in France 2017−2023 ($ billion)
Exhibit 49 Remote Healthcare Market in France by Services 2017
Exhibit 50 Remote Healthcare Market in APAC 2017−2023 ($ billion)
Exhibit 51 Remote Healthcare Market in APAC by Services 2017
Exhibit 52 Remote Healthcare Market in China 2017−2023 ($ million)
Exhibit 53 Remote Healthcare Market in China by Services 2017
Exhibit 54 Remote Healthcare Market in Japan 2017−2023 ($ million)
Exhibit 55 Remote Healthcare Market in Japan by Services 2017
Exhibit 56 Remote Healthcare Market in India
Exhibit 57 Remote Healthcare Market in India 2017−2023 ($ million)
Exhibit 58 Remote Healthcare Market in India by Services 2017
Exhibit 59 Remote Healthcare Market in ROW 2017−2023 ($ billion)
Exhibit 60 Remote Healthcare 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 Remote Healthcare Market
Table 23 Quantitative Summary of Global Remote Healthcare Market by Geography ($ billion)
Table 24 Quantitative Summary of Global Remote Healthcare Market by Geography (%)
Table 25 Quantitative Summary of Remote Healthcare Market by Services ($ billion)
Table 26 Quantitative Summary of Remote Healthcare Market by Services (%)

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