Rising prevalence of chronic diseases, high penetration of internet and smart devices, and rapid adoption of advanced virtual diagnostic technologies are some key factors expected to drive global market growth.
Rising prevalence of chronic diseases, high penetration of internet and smart devices, and rapid adoption of advanced virtual diagnostic technologies are some key factors expected to drive global market growth
According to Emergen Research, the global virtual diagnosis market size was USD 491.4 million in 2019 and is expected to reach USD 1,512.2 million in 2027 and register a robust revenue CAGR of 15% during the forecast period, 2020-2027.
Market Dynamics:
Virtual diagnostics is a technique of monitoring, diagnosing, and treating patients remotely. Many hospitals, clinics, and ambulatory care centers worldwide are shifting to virtual diagnostics for improving overall healthcare management along with clinical outcomes. This has resulted in increasing number of consultations per day. These virtual diagnostic tools and services have significantly gained popularity in the last few years due to rising cases of acute and chronic diseases along with mental health crisis across the globe and increasing adoption of smart devices such as computers, laptops, and smartphones. Factors such as increasing preference for remote patient monitoring, rising availability of various software and devices for remote monitoring and diagnostics, and increasing investments in R&D activities are expected to drive global market revenue growth during the forecast period.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/357
However, low awareness about virtual diagnostics, inaccessibility to high-speed internet, and latest devices for virtual access in many remote areas across the globe, and rising concerns about data safety and privacy are some key factors that can hamper overall market growth to a certain extent during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Gastrointestinal Virtual Diagnostics Segment To Register Rapid Revenue Growth:
The gastrointestinal virtual diagnostics segment is expected to register rapid revenue growth during the forecast period. Factors such as rising incidence of acute and chronic gastrointestinal disorders, increasing geriatric population, and rapid adoption of virtual diagnostics in homecare settings and hospitals are expected to drive revenue growth of the segment during the forecast period.
Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/virtual-diagnostics-market
Hospital Segment to Account for Significantly Larger Revenue Share:
The hospital segment is expected to account for a significantly larger revenue share during the forecast period owing to rising patient pool, rapid adoption of virtual diagnostic services for treating patients in remote locations, and increasing funding to the healthcare sector.
Asia Pacific to Register Rapid Revenue CAGR:
Asia Pacific is expected to register rapid revenue CAGR in the global market over the forecast period owing to increasing prevalence of chronic diseases, rising geriatric population, high penetration of internet and smartphones, laptops, and rapid adoption of smart technologies. In addition, growing awareness about remote diagnostics, government efforts to promote virtual diagnostics across the region, and high focus on improving virtual healthcare services are key factors expected to fuel Asia Pacific market growth.
Major Companies in the Market Include:
- AliveCor Inc.
- Eyenuk Inc.
- IDx Technologies Inc.
- Cardiologs Technologies
- CapsoVision Inc.
- Olympus Corporation
- Sight Diagnostics
- ResApp Health Limited
- Phelcom Technologies
- Medtronic Plc.
For the purpose of this report, Emergen Research has segmented into the global virtual diagnostics market on the type, end-users, and region:
Type Outlook (Revenue, USD Million; 2017-2027)
- Gastrointestinal Virtual Diagnostics
- Ophthalmology Virtual Diagnostics
- Cardiology Virtual Diagnostics
- Pathology Virtual Diagnostics
- Others Virtual Diagnostics
End-Users Outlook (Revenue, USD Million; 2017-2027)
- Hospitals
- Specialty Clinics and Ambulatory Surgical Centers
- Others
- Homecare
- Research Institutes
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/357
Regional Outlook (Revenue, USD Million; 2017–2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
Looking to Purchase Reports in Bundle [Schedule a Call with An Analyst]@ https://www.emergenresearch.com/call-schedule/357
Read Latest Reports Published by Emergen Research:
Food Safety Testing System Market
Advanced Prosthetics and Exoskeletons Market
Healthcare Customer Relationship Management (CRM) Market
Biological Wastewater Treatment Market
Cold Storage Construction Market
Radiation Therapy Quality Assurance Phantoms Market
About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
Explore Our Custom Intelligence services | Growth Consulting Services
Press Release Available @ https://www.emergenresearch.com/press-release/global-virtual-diagnostics-market