Virtual Diagnostic Market Report 2021 Size, Share, Growth and Forecast to 2028


Posted February 2, 2023 by Urmila01

The Global Virtual Diagnostics Market is projected to reach USD 1398 million by 2028 at a CAGR of 14.92% during the forecast period, 2021-2027.

 
Virtual diagnostics healthcare market research allows patients to communicate with doctors based on their specific needs. Healthcare professionals regard point-of-care testing and remote diagnostic services as the main options for providing efficient treatment to patients as the next addition to virtual care. Through virtual diagnostic, patients can consult a doctor online for a troubling health problem and receive home laboratories and testing; as a result, enhancing patient contact and telehealth satisfaction.
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The global virtual diagnostic market has been segmented based on type, application, and end-user.
Based on type, the global virtual diagnostic market is segmented into device/wearable-based and mobile app-based.
Based on application, the global virtual diagnostic market is segmented into Gastrointestinal, Ophthalmology, Cardiology, Pathology, and Others.
The cardiology segmentation is projected to lead the application segmentation. It is owing to rising cardiology incidence.
Also, these patients are vulnerable to the coronavirus and should have no interaction with other individuals suffering from the COVID-19 virus in overflowing clinics or hospitals. The global virtual diagnostic market is segmented into physicians, providers, payers, hospitals, clinics, and others in terms of end-user. The hospital segment is expected to lead the virtual diagnostic market. It is owing to many hospitals are integrating IoT with their equipment. Also, increasing funding in the healthcare sector is further projected to fuel the global virtual diagnostic market demand.
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Based on geography, the global virtual diagnostic market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
· North America comprises the U.S., Canada, and Mexico, whereas Europe primarily covers Germany, France, the UK, Italy, and the rest of Europe.
· The key countries included under the Asia Pacific are China, Japan, India, Australia, and the Rest of Asia Pacific.
· In Latin America, Brazil, Argentina, and the Rest of Latin America are the key segments.
· In the Middle East & Africa, South Africa and the Rest of the MEA are covered in the report.

North America dominates the Virtual Diagnostic market. North America leads the global virtual diagnostic market owing to the increased adoption of emerging technology in healthcare. The rising senior population in the Asia Pacific region is expected to boost the global virtual diagnostic market further.

Other factors driving the virtual diagnostic market in the Asia Pacific region are the increased prevalence of chronic illnesses and rising healthcare spending. Also, governments in developing countries such as Indonesia & Malaysia provide virtual diagnostics to assist low-income individuals in gaining access to better healthcare.
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The global Virtual Diagnostic market research companies are concentrated with leading manufacturers such as
SkinVisi,Cardiology Technologies,Hill-Rom Holdings, Inc.,Olympus Corporation,Medtronic,CapsoVision, Inc.,AliveCor Inc.,Phelcom Technologies,Monitored Therapeutics Inc.,Sight Diagnostics,Eyenuk, Inc.,ResApp Health Limited,Healthy.io Ltd.,HearX IP,IDx Technologies Inc
The key players in the market are investing in research and development to provide innovative products and solutions to the customers. Furthermore, the companies are collaborating with other industry players to manufacture novel products. For instance, in February 2021, AliveCor announced that it had collaborated with AstraZeneca. With this partnership, the AliveCor's and AstraZeneca will develop non-invasive potassium monitoring solutions.
TOC:
Chapter 1 Virtual Diagnostic Market Overview
1.1 Product Overview and Scope of Virtual Diagnostic
1.2 Virtual Diagnostic Market Segmentation by Type
1.2.1 Global Production Market Share of Virtual Diagnostic by Type in 2020
1.2.1 Type 1
1.2.2 Type 2
1.2.3 Type 3
TOC Continued…
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Last Updated February 2, 2023