Distance Health Technology Market 2024 – Growth, Market Size, Analysis, Competitive Landscape | Cisco Systems, Medtronic plc, Siemens Healthineers, Koninklijke Philips N.V., GE Healthcare

Overview and Scope
Distance health technology refers to a broad range of tools and platforms that facilitate the delivery of healthcare services remotely. They enable healthcare professionals to diagnose, treat, monitor, and educate patients from different locations.

Sizing and Forecast
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.

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Segmentation & Regional Insights
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

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.

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Major Driver Impacting Market Growth
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.

Key Industry Players
Major companies operating in the distance health technology market report are 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

The distance health technology market report table of contents includes:

1. Executive Summary

2. Distance Health Technology Market Characteristics

3. Distance Health Technology Market Trends And Strategies

4. Distance Health Technology Market – Macro Economic Scenario

5. Global Distance Health Technology Market Size and Growth

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32. Global Distance Health Technology Market Competitive Benchmarking

33. Global Distance Health Technology Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Distance Health Technology Market

35. Distance Health Technology Market Future Outlook and Potential Analysis

36. Appendix