Virtual Diagnostics Market Global Industry Size, Analysis, Trends, Future Prospects and Regional Forecast by 2027

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Virtual Diagnostics Market Increasing adoption of IT in healthcare, growing geriatric population, and a rise in the prevalence of target diseases are driving the demand for the market.

The current trends of the Virtual Diagnostics Market, combined with a wide array of growth opportunities, key drivers, restraints, challenges, and other critical aspects, have been vividly detailed in the Virtual Diagnostics Market report. Furthermore, the report takes into account various market dynamics, which, in turn, generate a plethora of developmental prospects for the leading players involved in the of the Virtual Diagnostics Market.

The global Virtual Diagnostics market 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.

COVID-19 Impact Analysis:

This report is the latest document encompassing the massive changes that took place in the Virtual Diagnostics market following the emergence of the COVID-19 pandemic. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Virtual Diagnostics market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments. However, the market is expected to regain momentum in the post-COVID-19 era. The report also offers an initial and future impact assessment of the pandemic on the Virtual Diagnostics industry. Hence, the vital COVID-19 insights offered by the report are expected to help organizations manage their businesses effectively in extreme economic uncertainties.

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Some Key Highlights from the Report

  • In November 2020, Vera Smart Healthcare announced the expansion by investing another USD 20 million to add over twenty new healthcare services. For the funding, the company has attained the backing of U.S. investors. The company planned to roll out remote health services for home-based diagnostics tests, medication delivery, virtual doctor care, and nutrition consultation.
  • Gastrointestinal virtual diagnostics is growing at a substantial pace as the number of gastrointestinal patients is exceedingly being propelled. Increasing incidences of pediatric gastroenterological disorders are also some of the key reasons for the demand for virtual diagnostics.
  • The hospital segment is increasingly adopting the technology to treat and consult patients located in remote areas. With overwhelmed staff, several hospitals are behind in the incorporation of IoT with their equipment, but recent developments are anticipated to increase funding to the healthcare sector, which in turn, will drive the demand of the virtual diagnostic market.

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Global Virtual Diagnostics Market Report – Table of Contents:

Chapter 1 includes the global Virtual Diagnostics market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.

Chapter 2 broadly categorizes the Virtual Diagnostics market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.

Chapter 3 elaborates on the competitive outlook of the Virtual Diagnostics market, focusing on the major manufacturers and vendor landscape.

Chapter 4 exhaustively studies the key manufacturers of the Virtual Diagnostics industry, along with their anticipated sales and revenue shares.

Chapters 5 includes market segmentation based on product type, application range, and market players. 

Leading companies profiled in the report:

AliveCor Inc., Eyenuk Inc., IDx Technologies Inc., Cardiologs Technologies, CapsoVision Inc., Olympus Corporation, Sight Diagnostics, ResApp Health Limited, Phelcom Technologies, and Medtronic Plc., among others.

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For the purpose of this report, Emergen Research has segmented into the global Virtual Diagnostics Market on the type, end-users, and region:

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

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

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

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

Regional Overview:

The global Virtual Diagnostics market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. It evaluates the presence of the global Virtual Diagnostics market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.

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