Virtual Diagnostics Market Size to be valued at USD 1,512.2 Million by 2027 | Industry Trends –Rise in the level of awareness

The global Virtual Diagnostics market Size is forecasted to be worth USD 1,512.2 Million by 2027, according to a current analysis by Emergen Research.

The global Virtual Diagnostics market Size is forecasted to be worth USD 1,512.2 Million by 2027, according to a current analysis by Emergen Research. The market for virtual diagnostics is growing due to an increase in the awareness level of early diagnosis and a rise in demand for affordable and accessible diagnostics. Rapid growth due to a rise in the adoption of IoT in the healthcare sector is also a contributing factor.

The COVID-19 pandemic has spurred the growth of the industry. The imposition of social as well as physical distancing has driven the demand for a virtual diagnostic to limit the growth of coronavirus. Digital healthcare has emerged as a crucial technology amidst remote areas and rural populations.

However, certain factors, such as low level of accuracy and rise in privacy concerns amongst the population, are expected to drive the virtual diagnostic market. The technical breakthroughs in artificial intelligence and machine learning, coupled with the high level of adoption of smartphones across the globe, are also paving the way for virtual diagnostics.

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Key Highlights from the Report:

  • The gastrointestinal virtual diagnostic segment is proliferating at a substantial rate accredited to the rising gastrointestinal patient pool. Additionally, the escalating number of pediatric gastrointestinal disorders is also adding to the segment’s growth.
  • The hospital segment is snowballing due to increasing adoption of the technology to consult and treat patients living in remote locations. Increasing burden on the healthcare staff has made the hospitals struggle with the adoption of the technology. However, with recent investment and funding, the virtual diagnostic market is set to witness a booming growth.
  • The Asia Pacific is foreseen to show lucrative growth attributable to the elevated geriatric populace and the augmented adoption of smart technology across the healthcare industry.
  • Key players in the global market include CapsoVision Inc., AliveCor Inc., IDx Technologies Inc., Eyenuk Inc., Olympus Corporation, Cardiologs Technologies, ResApp Health Limited, Sight Diagnostics, Medtronic Plc., and Phelcom Technologies, among others.
  • Vera Smart Healthcare expanded its portfolio with the addition of twenty new services with funding of USD 20 million, in November 2020. The company secured funding from several renowned U.S. investors. With the funding, the company plans to launch remote healthcare services for medication delivery, home-based diagnostics and tests, nutrition consultation, and virtual physician care.

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For the purpose of this report, Emergen Research has segmented the Global Virtual Diagnostic Market on the basis of type, end-user, and region:

Type Outlook (Revenue, USD Billion; 2017-2027)

  • Cardiology Virtual Diagnostics
  • Gastrointestinal Virtual Diagnostics
  • Ophthalmology Virtual Diagnostics
  • Others Virtual Diagnostics
  • Pathology Virtual Diagnostics

End-User Outlook (Revenue, USD Billion; 2017-2027)

  • Specialty Clinics and Ambulatory Surgical Centers
  • Hospitals
  • Others (Homecare and Research Institutes)

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Regional Outlook (Revenue, USD Billion; 2017-2027)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • Rest of MEA

Reasons to buy the report:

  1. This study segments the Virtual Diagnostics market and derives the precise valuation of the overall, as well as segment-based, market across different industry verticals, geographies, and products.
  2. The report will help participants understand the trajectory of the progress of the market and provide information on key drivers, restraints, challenges, threats, and opportunities for the growth of the Virtual Diagnostics sectors.
  3. This Virtual Diagnostics report would allow readers to be well-versed with the existing competition and gain more insights to improve their standing in the worldwide business. The competitive landscape considers the dominant competitors, along with product launches and technological advancements, strategic expansions, mergers and acquisitions, and procurement strategies implemented by key players in the Virtual Diagnostics market.

Key features of the report:

  • To study the key aspects impacting the Virtual Diagnostics market size.
  • To identify growth prospects in the Virtual Diagnostics market.
  • To analyze the Virtual Diagnostics market segments and deduce the dominant trends observed in the industry.
  • To examine the Virtual Diagnostics market by investigating the available products, market share, and value proposition of the products.
  • To analyze the industry by assessing the scope and application of the Virtual Diagnostics market and highlight the growth of each application.

Table of Content

Chapter 1. Methodology & Sources

1.1. Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2020-2030

Chapter 3. Key Insights

Chapter 4. Virtual Diagnostics Market Segmentation & Impact Analysis

4.1. Virtual Diagnostics Market Material Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Market indicators analysis

4.2.2. Market drivers’ analysis

4.2.3. Market restraints analysis

4.3. Technological Insights

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.6. Competitive Metric Space Analysis

4.7. Price trend Analysis

4.8. Covid-19 Impact Analysis

Continued…

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