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COVID-19 Pandemic Ignites Enthusiasm for Virtual Care
Competitors’ Growth Strategies will Shape the Way the Market Opportunity Crystallizes
09-Feb-2021
North America
Market Research
K537-01-00-00-00
HC03390-NA-MT_25236
$4,950.00
Special Price $3,712.50 save 25 %
There is no one definition for virtual care, but Frost & Sullivan defines it in this research as a technical platform that maintains an interactive connectivity between patients, providers, and payers where various processes and services may be scheduled, accessed, monitored, and entered into the medical record without the need for manual calls or paper-based actions initiated by the stakeholders.
The COVID-19 pandemic has changed the dynamics of healthcare. Requirements to ensure social distancing have transformed virtual care from an important innovation to a must-have model. Although some organizations consider virtual care to be a component of telehealth, Frost & Sullivan concludes that virtual care includes telehealth along with various workflow and clinical processes that are vital but often slowed down by inefficient technology and archaic communications systems. Frost & Sullivan believes that a market-based definition of virtual must reflect the activities of the companies involved. As a result, this report focuses on a virtual care market that includes the following segments: telehealth, telemedicine, clinical processes, and operational processes. The virtual care market includes companies that supply platforms, software, devices, services, advisory services, and analytics.
This report reviews the important drivers that are propelling virtual care, and the challenges that must be conquered for virtual care to achieve its enormous potential. This includes the ever-present concerns about privacy and security. The study presents an over view of notable companies in the virtual care space and reviews the types of products and services that comprise virtual visits, remote patient monitoring, virtual care, data gathering, data management, and messaging.
Medical devices and equipment currently account for 48% of the virtual care market. Providers of telehealth services and telemedicine solutions who combine service offerings, platforms, software, and other revenue-generating equipment; electronic health record providers; and virtual care specialists also have a foothold. Many early-phase companies are focused on gathering investors or becoming an acquisition target for larger companies seeking to add to their reach in the virtual care landscape. Information and communication technology companies are also targeting this space.
Author: Victor Camlek
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives on the Virtual Care Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Key Findings
Key Findings—Virtual Care Market Potential
Scope of Analysis
Virtual Care Segmentation
Virtual Care Segmentation (continued)
Virtual Care Provider Landscape—Short List
Key Questions this Study will Answer
Growth Metrics
Distribution Channels for Virtual Care
Growth Drivers
Growth Driver Analysis
Growth Restraints
Growth Restraint Analysis
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Segment
Revenue Forecast Analysis
Competitive Environment
Revenue Share by Company Type
Revenue Share Analysis
Recent Deals
Telemedicine Segment Overview
Revenue Forecast
Revenue Forecast Analysis
Selected Telemedicine Providers—Advanced ICU Care
Selected Telemedicine Providers—AMD Global Telemedicine
Selected Telemedicine Providers—Eagle Telemedicine
Selected Telemedicine Providers—GlobalMed Telemedicine
Selected Telemedicine Providers—InTouch Health
Selected Telemedicine Providers—Livongo
Selected Telemedicine Providers—MediSprout
Selected Telemedicine Providers—SOC Telemed
Telehealth Segment Overview
Revenue Forecast
Revenue Forecast Analysis
Selected Telehealth Providers—Amwell
Selected Telehealth Providers—HealthTap
Selected Telehealth Providers—MDLive
Selected Telehealth Providers—Medtronic Care Management Services
Selected Telehealth Providers—Teladoc Health
Processes Segment Overview
Revenue Forecast
Revenue Forecast Analysis
Selected Process Suppliers—Conversa Health
Selected Process Suppliers—DrFirst
Selected Process Suppliers—Luma Health
Selected Process Suppliers—Microsoft
Selected Process Suppliers—Noteworth
Selected Process Suppliers—Pexip
Selected Process Suppliers—Summus Global
Selected Process Suppliers—Synzi
Selected Process Suppliers—Wolters Kluwer
Selected Process Suppliers—Zipnosis
Virtual Care—Impact on the EHR
Growth Opportunity 1—End-to-End Solution for Virtual Care
Growth Opportunity 1—End-to-End Solution for Virtual Care (continued)
Growth Opportunity 2—Develop a Virtual Care Implementation Strategy that Defines the Program and Benefits Offered
Growth Opportunity 2—Develop a Virtual Care Implementation Strategy that Defines the Program and Benefits Offered (continued)
Growth Opportunity 3—Develop Solutions that Ensure Security Standards across All Elements of Virtual Care Platforms
Growth Opportunity 3—Develop Solutions that Ensure Security Standards across All Elements of Virtual Care Platforms (continued)
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| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Victor Camlek |
| Industries | Healthcare |
| WIP Number | K537-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9564-B1,9600-B1,9612-B1,9A47-B1,9A4B-B1 |