Remote Healthcare Market: Rise in Geriatric Population and Shortage of Healthcare Resources to Drive the Market
Wilmington, Delaware, United States, Transparency Market Research Inc. – Remote healthcare is a telemedicine service that uses a mobile device to constantly monitor a patient's condition and performance outside a medical facility. It reduces the time of hospitalization, relaxes the burden on medical personnel, improves treatment efficacy, and offers day-to-day updates on patients' medical data for medical facilities.
Read Report Overview - https://www.transparencymarketresearch.com/remote-healthcare-market.html
For patients, it reduces the time taken to be admitted, provides treatment in a comfortable home setting, enables immediate and direct communication with medical staff, minimizes reaction time, increases therapy efficacy, and offers patients access to their own medical data.
Key Drivers, Restraints, and Opportunities of Global Remote Healthcare Market
Rise in number of government initiatives to implement healthcare planning, program development, and service delivery models in various rural regions throughout the world is estimated to propel the global remote healthcare market. Vendors are focused on the development of flexible and innovative healthcare solutions that provide patients in remote regions with real-time access.
Request Brochure of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=82798
Collaborations between healthcare institutions and major vendors are likely to ensure that people living in rural areas receive adequate patient care and disease management services. Such advancements and improvements are projected to boost the global remote healthcare industry.
Increase in healthcare expenses, expansion of burden of chronic diseases, rise in geriatric population, and a shortage of healthcare resources are also expected to increase the burden on healthcare organizations, thereby driving the market. Moreover, an increase in usage of smartphones, mHealth apps, wearable technologies, and digital healthcare is also estimated to fuel the global market during the forecast period.
Healthcare fraud is an important factor to address in telehealth and telemedicine practices. A patient or a physician might be victimized in numerous ways. For instance, the physician's name and accounts may be exploited to receive insurance company payments, or non-eligible or non-listed institutional providers may engage in incorrect coding and billing for fraudulent claims. This factor is expected to hamper the market during the forecast period.
Request for TOC - https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=82798
Demand for remote patient monitoring services increased significantly during the pandemic. COVID-19 is very likely to be fatal in people with comorbidities such as diabetes. Consequently, a significant number of people opted for remote healthcare services. More number of hospitals are turning to remote healthcare services owing to an increase in the number of COVID-19 patients. For instance, Zyter launched a virtual rounding solution for COVID-19 patients. Such advancements offer significant opportunities for the market.
North America to Capture Major Share of Global Remote Healthcare Market
North America is expected to account for a major share of the global remote healthcare market. Increased prevalence of chronic diseases, the availability of reimbursement insurance for telehealth, and a rise in the overall and geriatric population are likely to boost the market in the region. Furthermore, the presence of a large number of remote healthcare technology providers as well as developed healthcare infrastructure further boost the market.
The remote healthcare market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period. This expansion is attributed to public and private sector initiatives, such as awareness campaigns, collaborations, and R&D investment, which in turn are expected to improve the region's market share in the near future.
Make an Enquiry before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=82798
Key Players Operating in Global Remote Healthcare Market
The global remote healthcare market is highly concentrated due to the presence of key players. The players are investing in research and development activities for developing integrated remote healthcare solutions. Major players operating in the global are listed below:
- Advanced ICU Care
- Koninklijke Philips
- Teladoc Health
- Vivify Health
- AirStrip Technologies
- InTouch Technologies
- American Well
- Resideo Life Care Solutions
More Trending Reports by Transparency Market Research –
Self-sampling Blood Collection and Storage Devices Market: The self-sampling blood collection and storage devices market is expected to reach US$ 310.6 Mn by 2031.
Home Diagnostics Market: The global home diagnostics market is projected to expand at a CAGR of 4.4% from 2021 to 2031.
Laboratory Temperature Control Units Market: The global laboratory temperature control units market was valued at US$ 542.7 Mn in 2020 and is projected to expand at a moderate CAGR from 2021 to 2031
Single Use Cystoscope Market: The single use cystoscope market is expected to advance at a modest CAGR of 4.5% during the forecast period.
Healthcare Informatics Market: The global healthcare informatics market is projected to advance at a robust CAGR of ~12% during the forecast period.
Suture Anchors Market: The global suture anchors market was valued at US$ 0.6 Bn in 2020 and is anticipated to expand at a CAGR of ~5% from 2021 to 2031.
Laboratory Information Systems Market: The global laboratory information systems market is anticipated to reach more than US$ 4.9 Bn by the end of 2031.
Wound Irrigation Systems Market: The global wound irrigation systems market is anticipated to reach more than US$ 419.1 Mn by the end of 2031.
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
USA – Canada Toll Free: 866-552-3453