Global Virtual Healthcare Delivery Market: Current Analysis and Forecast (2020-2027)

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Virtual healthcare can be defined as the “virtual visits” that take place between patients and clinicians through communications technology such as video and audio connectivity which allows “virtual” meetings to occur in real-time, from virtually any location. There are numerous ways in which virtual visits can be done. It can be done with a patient that interacts with an offsite medical specialist via a high-definition conference hookup at his or her local clinic. It can be a videoconference between a doctor and a patient at home. Moreover, virtual healthcare gives patients the chance to find more readily qualified second opinions online. Moreover, virtual healthcare is being used for meetings and consultations, check-ins, and status reports, rather than for in-depth diagnosis or treatments. However, with the evolution in technologies, virtual healthcare delivery is expected to gaining traction among end-users in the forthcoming years as well. With the evolution of virtual healthcare technology, it was assumed as the game-changer in the healthcare industry, but slow adoption was witnessed then was anticipated among end-users such as payers, providers, etc. and, virtual health has been proclaimed as the next disrupter in the delivery of care. However, the adoption has witnessed a significant uptick. Moreover, the COVID-19 pandemic is pushing against structural barriers that had previously slowed health system investment in integrated virtual health applications. Based on the component, virtual healthcare delivery is bifurcated into Solutions and Services. The solution segment generated revenue of US$ 7.70 billion in 2019. The market for the solution segment is expected to grow at a CAGR of 23.59% during the forecast period to reach a market valuation of US$ 47.67 billion by 2027. However, Services Market is expected to witness the highest CAGR growth during the forecast period 2021-2027. Based on platform type, the virtual healthcare delivery market is fragmented into video consultation, audio consultation, KIOSKS, and messaging. The video consultation segment generated revenue of US$ 10.92 billion in 2019. The market is expected to grow at a CAGR of 28.06% during the forecast period to reach a market valuation of US$ 80.52 billion by 2027. However, KIOSKS is expected to witness substantial CAGR growth during the forecast period 2021-2027. For a better understanding of the market penetration of virtual healthcare delivery, the market is analysed based on its worldwide presence in the countries such as North America (US, Canada, Mexico, Mexico), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), the Middle East and Africa (UAE, Saudi Arabia, South Africa, AND Others), and South America (Brazil, Argentina). North America constitutes a major market for virtual healthcare delivery. Some of the major players operating in the market include American Well, Allscripts Healthcare Solutions, Biotelemetry, Blue Sky Health, CISCO Systems, Honeywell International, McKesson Corporation, OBS Medical, SOC Telemed, and MDLive. The global virtual healthcare delivery market was valued at US$ 21 billion in 2019 and is projected to expand significantly with a CAGR of 24.60% from 2021 to 2027. The global virtual healthcare delivery market is expected to witness a boost, owing to the adoption and advancement in technologies in the healthcare sector due to the surging number of patients across the globe coupled with the benefits such as prevention from infections, time savings, reduced cost, etc.

1 MARKET INTRODUCTION 1.1 Market Definition 1.2 Objective of the Study 1.3 Limitation 1.4 Stakeholders 1.5 Currency used in the Report 1.6 Scope of the Global Virtual Healthcare Delivery Market Study 2 RESEARCH METHODOLOGY OR ASSUMPTION 2.1 Research Methodology for the Global Virtual Healthcare Delivery Market Study 2.1.1 Main Objective of the Global Virtual Healthcare Delivery Market Study 3 INDUSTRY PERFORMANCE 4 EXECUTIVE SUMMARY 5 CASE STUDY 6 CUSTOMER SURVEY 7 COVID-19 IMPACT 8 MARKET INSIGHTS BY PLATFORM TYPE 8.1 Video Consultation 8.2 Audio Consultation 8.3 Messaging 8.4 Kiosks 9 MARKET INSIGHTS BY COMPONENTS 9.1 Software 9.2 Services 10 MARKET INSIGHTS BY DELIVERY MODE 10.1 Web/Telephonic 10.2 Call Centres 11 MARKET INSIGHTS BY SPECIALITY 11.1 Cardiology 11.2 Radiology 11.3 Psychiatry 11.4 Urgent Care 11.5 Remote ICU 11.6 Dermatology 11.7 Others 12 MARKET INSIGHTS BY END-USER 12.1 Payers 12.2 Providers 12.3 Patients 12.4 Others 13 MARKET INSIGHTS BY REGION 13.1 North America Virtual Healthcare Delivery Market 13.1.1 United States 13.1.2 Canada 13.1.3 Rest of North America 13.2 Europe Virtual Healthcare Delivery Market 13.2.1 Germany 13.2.2 United Kingdom 13.2.3 France 13.2.4 Italy 13.2.5 Spain 13.2.6 Rest of Europe 13.3 Asia-Pacific Virtual Healthcare Delivery Market 13.3.1 China 13.3.2 Japan 13.3.3 India 13.3.4 Australia 13.3.5 Rest of Asia-Pacific 13.4 Middle East & Africa Virtual Healthcare Delivery Market 13.4.1 United Arab Emirates 13.4.2 Saudi Arabia 13.4.3 South Africa 13.4.4 Rest of MEA 13.5 South America Virtual Healthcare Delivery Market 13.5.1 Brazil 13.5.2 Argentina 13.5.3 Rest of South America 14 VIRTUAL HEALTHCARE DELIVERY MARKET DYNAMICS 14.1 Market Trend & Drivers 14.2 Market Challenges 14.3 Market Opportunities 15 LEGAL & REGULATORY FRAMEWORK 16 DEMAND AND SUPPLY SIDE ANALYSIS 16.1 Demand Side Analysis 16.2 Supply Side Analysis 16.2.1 Top Product Launches 16.2.2 Top Business Partnerships 16.2.3 Top Mergers and Acquisitions 16.2.4 Top Business Expansions and Investment 17 VALUE CHAIN ANALYSIS 18 VIRTUAL HEALTHCARE DELIVERY MARKET HOTSPOT & OPPORTUNITIES 19 VIRTUAL HEALTHCARE DELIVERY MARKET TRENDS & INSIGHTS 20 COMPETITIVE SCENARIO 20.1 Porter’s Five forces analysis 20.1.1 Bargaining power of Supplier 20.1.2 Bargaining power of Buyer 20.1.3 Industry Rivalry 20.1.4 Availability of Substitute 20.1.5 Threat of new Entrants 20.2 Competitive Landscape 20.2.1 Company Shares, By Revenue 20.3 Competition Matrix 20.3.1 Product/Service Portfolio 20.3.2 Target Markets 20.3.3 Target End Users 20.3.4 Research & Development 20.3.5 Strategic Alliances 20.3.6 Strategic Initiatives 21 COMPANY PROFILED 21.1 Allscripts Healthcare Solution 21.1.1 Key Facts 21.1.2 Business Description 21.1.3 Key Product/Services Offerings 21.1.4 Growth Strategy 21.1.5 SWOT Analysis 21.1.6 Key Financials 21.1.6.1 Revenue Split 21.1.6.2 Financial Overview of IBM Corporation 21.1.7 Recent Developments 21.1.7.1 Product Launch 21.1.7.2 Partnerships 21.1.7.3 Business Expansions and Investment 21.1.7.4 Merger and Acquisition 21.2 Cisco Systems 21.3 Honeywell International 21.4 McKesson Corporation 21.5 OBS Medical 21.6 SOC Telemed 21.7 MDLIVE, Inc. 21.8 AMD Global Telemedicine 21.9 Medtronic 21.1 Philips 22 DISCLAIMER

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