Market Size in 2021 | Market Forecast in 2028 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 2982.40 million | USD 6934.54 million | CAGR at 15.10% | 2021 |
FrequentlyAsked Questions
The need for specialized and individualized care has increased recently, and in rural areas where hospitals and healthcare facilities are already few, these needs go unmet. Numerous efforts and strategies are being implemented by various market participants around the world, which has fueled market expansion during the epidemic.
The global virtual care market size was worth USD 2982.40 million in 2021 and is estimated to grow to USD 6934.54 million by 2028, with a compound annual growth rate (CAGR) of approximately 15.10 percent over the forecast period.
Due to the popularity of smartphones, the country’s full internet access, significant investment in healthcare IT, developments in digital infrastructure, and the increased need for physical healthcare facilities & resources, chronic diseases, and high awareness levels of digital health & virtual care platforms among patients & healthcare providers, North America dominated the global market. It accounted for the largest revenue share in 2021.
Key players in the global include Teladoc, Inc., Americal Well, At&T Inc., Mdlive Inc., Global Telemedicine, Inc., Koninklijke Philips N.V, Chi Health, United Healthcare Services Inc., Tha Group, Synzi.
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