Industry Background:
According to the Centers for Disease Control and Prevention, in the duration of the first quarter of 2020, the number of telehealth visits increased by 50% in the United States, as compared to the previous year. And by the second quarter of 2020, this ratio reached 154% 2020. In the first quarter of 2020, most virtual visits encounter patient's conditions other than COVID-19. In 2020, most telehealth encounters are from adults age between 18-49 years and majorly from female patients. The major opportunity area behind the growth of virtual health are technology development, increase in consumer awareness, changing state laws, and others.This growth is primarily driven by Increase in Social Distancing Norms Because of COVID-19 Pandemic and Hasty Enlargement in Technology Such As Artificial Intelligence.
Globally, a noticeable market trend is evident Rapid Advancement in Telehealth Services, it Emerges as a Game Changer in the Healthcare Industry. Major Players, such as Teladoc Health Inc. (United States), AMC Health (United States), Telespecialists Llc (United States), GlobalMed (United States), Zipnosis (United States), American Well Corporation (United States), AMD Global Telemedicine (United States), Cerner Corporation (United States), Avizia (United States), General Electric Company (United States) and AT&T (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Feb 2021, a leading virtual health provider HELIOS announced its partnership with Sandata Technologies to enhance the care experience for Medicaid and Medicare populations across the country. Through this partnership, they expect to create a bi-directional flow of data between HELIOS and Sandata’s point-of-care solution for home care providers.
Market Drivers
- Increase in Social Distancing Norms Because of COVID-19 Pandemic
- Hasty Enlargement in Technology Such As Artificial Intelligence
Market Trend
- Rapid Advancement in Telehealth Services, it Emerges as a Game Changer in the Healthcare Industry
Restraints
- Lack of Legislation Policies across Telehealth Industry
- Less Consumer Awareness in Underdeveloped Regions
Opportunities
Development in Digital Therapeutics, Advancement in Synchronous Telemedicine and Asynchronous Telemedicine and Growing Demand across the United States Region
Challenges
Increase in Security Concern and The Rise in Telehealth Restriction and Regulations
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Virtual Health Study Sheds Light on
The Virtual Health Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Virtual Health industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Virtual Health industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.