Distance Health Technology Market Overall Study Report 2024-2033 | Cisco Systems, Medtronic plc, Siemens Healthineers, Koninklijke Philips N.V.

The Distance Health Technology Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Distance Health Technology Global Market Report 2024, 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.

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.

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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

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 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

…

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

 

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