Virtual Healthcare Delivery Market size is expected to reach USD 251 Billion by the end of 2036, growing at a CAGR of 28% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of the virtual healthcare delivery was USD 13 Billion. The market growth is impelled by the growing number of patients that are suffering from life-associated chronic disease, along with the increase in the aging population with high usage of smartphones and internet. According to the World Health Organization, (WHO), the population aged 60 years and more was 1 billion in 2019, and this is expected to cross 2.1 billion by 2050.
Moreover, the increasing prevalence of various chronic and infectious diseases, and the benefits of virtual healthcare, such as saving time and money through offered discounts, prevention from getting infections at hospitals or clinics, and the option for a second opinion simultaneously, are expected to influence the market growth. According to the World Health Organization (WHO), Healthcare-associated infections (HAIs) affect 5 to 10% of patients in developed countries.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
28% |
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Base Year Market Size (2024) |
USD 13 Billion |
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Forecast Year Market Size (2037) |
USD 251 Billion |
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Regional Scope |
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Specialty (Cardiology, Gynecology, Neurology, orthology, Dermatology)
The cardiology segment is estimated to gain a robust market share of 63% in the coming years owing to a surge in the prevalence of cardiovascular diseases across the globe due to unhealthy lifestyles and changes in dietary habits. According to a report by the World Heart Federation (WHF), deaths from cardiovascular disease (CVDs) have shown a global increase from 12.1 million in 1990 to 20.5 million in 2021. This increased number in the last three decades was mainly due to an increase in aging and growing population. On the other hand, the CVD death rate fell globally from 354.5 deaths per 100,000 people in 1990 to 239.9 deaths per 100,000 people in 2019.
Delivery Mode (Video consulting, Telephonic, Messaging, KIOSKS, Call center)
The video consulting segment is set to garner a notable share shortly and is likely to remain the second largest segment in the delivery mode of the virtual healthcare delivery market as this has the potential to enable fast, convenient, and cost-effective access to healthcare services. Video consulting allows patients to get access to healthcare services without the need to physically go, which can be especially beneficial for people with disabilities or mobile issues.
End-users (Hospitals, Clinics, Pharmacies)
The hospitals segment in virtual healthcare delivery market is estimated to hold a noteworthy share as they provide a reliable and trusted platform for virtual care services which is important for such sensitive and critical matters as health. They are well-connected to the healthcare system while providing a network that allows for faster and more seamless access to healthcare services that have a wide geographical presence.
Our in-depth analysis of the global market includes the following segments:
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Specialty |
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Delivery Mode |
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End-users |
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North American Market Forecast
The virtual healthcare delivery market in North America is estimated to have the largest share of approximately 46% in 2023, propelled by the growing governmental investments in this market. According to our analysis the total investment, in virtual care was worth USD 57 billion in 2021, indicating a YoY increase of 137%. Moreover, with the increase in research and development for producing more efficient and reliable virtual care and healthcare delivery platforms, these demands are expected to fuel the demand for virtual healthcare delivery in the region.
APAC Market Statistics
The Asia Pacific virtual healthcare delivery market is estimated to be the second largest, during the forecast timeframe led by an increase in the adoption of virtual healthcare models, along with the ever-expanding geographical reach of the companies in this industry as this causes a surge in the number of virtual healthcare start-ups along with the growing demand in service launches. For instance, according to the report by the US Department of Health & Human Services (HHS) in February 2022, HHS awarded around USD 55 million to increase virtual healthcare access and quality through community healthcare centers.
Author Credits: Radhika Pawar
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