Virtual Visits Market Size Worth $187.88 Billion By 2032 | CAGR: 27.5%

Virtual Visits Market Size Worth $187.88 Billion By 2032 | CAGR: 27.5%

The global virtual visits market size is expected to reach USD 187.88 billion by 2032, according to a new study by Polaris Market Research. The report “Virtual Visits Market Share, Size, Trends, Industry Analysis Report, By Service Type (Allergy & Immunology, Urgent Care, Preventive Care, Chronic Care Management, Behavioural Health, and Others); By Age Group; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing adoption of virtual visits and teleconsultations by various healthcare practitioners all over the world and growing prevalence for telehealth in the last few decades coupled with the rapid increase in geriatric population and proliferation for variety of chronic diseases are among the key factors influencing the global market growth in the coming years.

Moreover, several key companies globally are emerging with advanced solutions and software for virtual consults and remote monitoring and even players are implementing on business developing strategies including new product launches, acquisitions, and mergers to diversify or expand their product portfolio, is likely to create huge demand and growth for the market.

For instance, in May 2022, HealthViewX, unveiled its latest cutting-edge technology based, Virtual Clinic App, to enable online digital evaluation and management care services. Through this application, clinical providers are empowered to transform the care delivery and further enhance the patient engagement with e-visits.

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The growing integration of new and existing digital technologies including telehealth, connected medical devices, mobile device apps, remote monitoring, and electronic manner of health records are significantly helping healthcare systems to expand and also improve their services to the patient populations in a most convenient manner.

In the wake of the pandemic, various specialties are successfully being expanding their practices like primary care, dermatology, behavioral health, oncology, and dentistry, among others. There are very few fields in which telehealth is not playing or can’t play an important role, while providers around the world are highly recognizing its benefits and seeing its way to spend better quality time with their patients, which in result boost the number of total virtual visits over the coming years.

Virtual Visits Market Report Highlights

  • Behavioral health segment is expected to grow at fastest growth rate over the projected period owing to increased demand of virtual visits of numerous conditions such as depression, anxiety, and mental issues.
  • 15-30 years age group segment accounted largest share during the anticipated period, which is mainly driven by increased adoption of smartphones and high internet penetration among the age group.
  • North America region dominated the global market in 2022, on account of early adoption of innovated and advanced technology and favorable government policies towards the digitalization of healthcare systems in the region
  • The global key market players include American Well, Cerner Corporation, Honeywell International Inc., McKesson Corporation, and Allscripts Healthcare Solutions.

Polaris Market Research has segmented the virtual visits market report based on service type, age group, and region:

Virtual Visits, Service Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Allergy & Immunology
  • Urgent Care
  • Preventive Care
  • Chronic Care Management
  • Behavioural Health
  • Others

Virtual Visits, Age Group Outlook (Revenue - USD Billion, 2019 - 2032)

  • Below 15 Years
  • 15-30 Years
  • 31-45 Years
  • 46-65 Years
  • Above 65 Years
  • Others

    Virtual Visits, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa