Pune, India -- (SBWIRE) -- 11/08/2018 -- This report covers Telehealth Virtual Visits market from the bottom line, starting from its definition. Later, it segments the market on various criteria to give a depth of understanding on the various product types and pricing structures and applications. Each and every segment is examined carefully by factoring in sales, revenue and market size in order to understand the potential of growth and scope.

Key participants of global telehealth virtual visits market are
American Well Corporation, Carena Inc., Cisco Systems, Inc., Doctor on Demand Inc., eVisit Telemedicine Solution, HealthTap, InteractiveMD LLC, Medtronic, MeMD, Koninklijke Philips N.V., PlushCare, Inc., Practice Fusion Inc., Siemens Healthineers, Teladoc Inc., Vidyo, Inc. and Zipnosis amongst others.

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Telehealth virtual visits are an emerging service offered by healthcare organizations that utilizes audiovisual technologies. It is used for non-emergency situations where physically visiting the medical facility is not obligatory for the patient. Virtual visits significantly save time and travel expenses for the patient. From the healthcare provider's perspective, space requirement is reduced as well as time is saved. It enables the providers to examine and provide consultation to patients across long distances via mediums such as video chat, telephone, e-mail or others. It also avoids spreading of infections that occur in waiting rooms at the healthcare providers.

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Chronic illnesses and disabilities associated with the growing geriatric population primarily in the emerged economies are major drivers for the telehealth virtual visits industry. These complications demand continuous medical consultation. To avoid frequent commute to the healthcare provider, virtual visits offer a fitting alternative. Increasing usage of smartphones and PCs is aiding virtual visits too. Telehealth virtual visits might be greatly benefitted with the cover of health plans. Plans can incent and educate both patients and providers to use telemedicine virtual visits. However, incapability in providing accurate diagnostics every time is restraining the growth of the market. Telehealth can replace consultation visits but cannot completely fulfill the requirement of physical examination.

Telehealth Virtual Visits Market, by Mode of Visits
Among the modes of visits, audio visits generated revenue of US$ 986.41 Mn in 2017 globally and expected to grow as they are the most convenient way of getting consultation without travelling to the provider. They are relatively convenient in terms of technology and gadget- requirement too. Audio visits only require telephone connection or cell signal and there is no requirement of internet and video devices. Even in the less technologically advanced regions of the world, audio visits are possible. It is also easier for the geriatric population to use a phone as compared to video devices.

Telehealth Virtual Visits Market, by Region
In terms of revenue, North America telehealth virtual visits market stood at US$ 786.89 Mn in 2017 which is highest among all the regions considered in the report and is expected to expand at a CAGR of 25.8% from 2017 - 2025. The rising crisis of healthcare access, lack of space and available time are some of the factors driving the market. Since North America acts as catalyst for major technological advancements with substantial opportunities in California and New York, the application and consumption of newer technologies is higher in the region. The availability of trained work force and other necessary resources is also driving the growth. Canada is also flourishing as a technological center with growing opportunities and developments in cloud, IT security and software.

Competitive Market Share
The telehealth virtual visits market report provides both, qualitative and quantitative research of the market, as well as it helps to gain important insights of current and future market and trending technologies adopted by the key players. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as mergers and acquisitions(M&A), affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their manufacturing base, competitors, product type, application and specification, pricing, and gross margin.