InsightAce Analytic Pvt. Ltd. has announced the publication of a market research report titled “Global Virtual Diagnostic Market by (Type (Gastrointestinal Virtual Diagnostics Market, Ophthalmology Virtual Diagnostics Market, Cardiology Virtual Diagnostics Market, Pathology Virtual Diagnostics Market, and Other Virtual Diagnostics Markets), End-Users (Hospitals, Specialty Clinics, and Ambulatory Surgical Centers, and Others (Home Care And Research Institutes))) – Market Outlook and Industry Analysis 2030”
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The current coronavirus disease pandemic of 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2) poses an unprecedented worldwide challenge, reshaping efforts across the diagnostic innovation landscape. New diagnostics that create intelligent information that may be used to develop superior strategies for the treatment, control, surveillance, prediction, prevention, and management of pandemic diseases are critical in this framework. Virtual diagnostic is one of these systems designed to enable the remote or contemporaneous transmission of physical examination records and medical reports to a professional in a different or the same geographical area. Virtual healthcare models and business models are growing and expanding, going beyond simple “virtual urgent care” to a spectrum of services offering virtual health solutions with the potential to improve user experience/convenience, access, outcomes, and price.
The market for virtual diagnostics has been fueled by increased diagnostic expenditures, poor health conditions, a physician and medical staff shortage, and the increasing prevalence of chronic health disorders. Rapid use of innovative technologies in the healthcare industry, such as the Internet of Things (IoT) and artificial intelligence (AI), is also predicted to generate significant development potential during the forecast period. For years, large technology rivals have formed collaborations and developed technological solutions in the healthcare area. These efforts have intensified in recent years, and the Covid-19 pandemic has accelerated the adoption of technology in the healthcare sector.
Coronavirus disease (COVID-19) has spread worldwide, causing substantial issues for the healthcare system. This pandemic caused an unprecedented demand for healthcare equipment and medications and a need for advanced robotics and artificial intelligence-based applications. Virtual diagnostics offer tremendous potential to assist in diagnosis, risk assessment, monitoring, telehealthcare, and disinfection, among other tasks, significantly reducing the workload of frontline staff during this pandemic.
Manufacturers in the market are engaged in mergers and acquisitions to produce various additional applications and invent other products through technical improvements to obtain the most healthcare benefits. For instance, In Aug 2020, Digital Diagnostics Inc. (IDx) announced the acquisition of 3Derm Systems, Inc. From this acquisition, Digital Diagnostics is now the one of the leaders in healthcare autonomous AI and the only business with De Novo FDA-authorized autonomous AI healthcare solutions, allowing it to fill more care gaps caused by COVID-19.
North America dominated the global market in 2021, accounting for a sizable portion of global sales. Increased healthcare spending, increased patient awareness, and the adoption of technologically improved therapies have contributed to the region’s market expansion over the last few years.
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The following key companies are engaged in the Virtual Diagnostic market:
AliveCor Inc., Cardiologs Technologies, CapsoVision, Inc., Eyenuk, Inc., Healthy.io Ltd., hearX IP (Pty) Ltd., Hill-Rom Holdings, Inc., IDx Technologies Inc., Medtronic Plc., Monitored Therapeutics Inc., Olympus Corporation, Phelcom Technologies, ResApp Health Limited, Sight Diagnostics, SkinVision among others.
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