Summary - A new market study, titled “Global Virtual Diagnostics Market by Type of Diagnosis (Gastrointestinal Virtual Diagnostics, Ophthalmology Virtual Diagnostics, Cardiology Virtual Diagnostics Market, Pathology Virtual Diagnostics and Others), By End-User (Hospitals, Clinics, Ambulatory Surgical Centers and Others), and By Region (North America, Europe, Asia Pacific, South America, and Middle East & Africa)” has been featured on WiseGuyReports.

Global Virtual Diagnostics market projected to drive by the technological advancements in diagnostics and the rising geriatric population across the globe
Global Virtual Diagnostics market likely to grow with a remarkable rate during the forecast period, 2020-2027. It is owing to growing applications of artificial intelligence and machine learning technologies in the healthcare industry, coupled with the rising adoption rate of smartphones within various regions. Moreover, the need for artificial intelligence-based diagnostics is contributing to market growth.
The system which can be connected to any place through the Internet and medical artificial intelligence can provide accessible and affordable medical services for everyone, which will fuel the global virtual diagnostics industry in the upcoming periods. Virtual Diagnostics is taken care of by physicians to examine ECG data captured by the IoT based sensors, and store patient records for easy retrieval and send the information for secure storage in the cloud. AI-based diagnosis analyses diseases with a high degree of accuracy.
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Furthermore, the government’s regulatory policies for the healthcare system, technological advancements in the field, and increasing investment by major players for easy and affordable detection do diseases will accelerate the demand for the virtual diagnostics industry in the future. The deep cultivation of artificial intelligence in the medical and health field is expected to alleviate bottlenecks in medical diagnosis and treatment fields such as scarce resources of high-quality doctors, heavily repeated workloads, and uneven quality of diagnosis. In addition, the augmentation in demand for AI for unaddressed clinical needs and the rising demand for improved diagnostic technologies will influence the global virtual diagnostics market size in the anticipated periods.
Type of Diagnosis Overview in the Global Virtual Diagnostics market
Based on the type of diagnosis, the global Virtual Diagnostics market classified into Gastrointestinal Virtual Diagnostics, Ophthalmology Virtual Diagnostics, Cardiology Virtual Diagnostics, Pathology Virtual Diagnostics, and Others. The Pathology Virtual Diagnostics segment likely to lead the market by 2027, as it excludes negative samples and indicates positive areas, assists pathologists in improving the efficiency of pathological diagnosis, or replaces pathologists in the diagnosis of certain diseases. The imaging applications include AI-assisted rapid imaging and image diagnosis.
AI-assisted imaging can effectively shorten the examination time and reduce radiation damage to the human body. On the other hand, machine learning training algorithms can be used to implement the computer-based image diagnosis of diseases.
End-User Overview in the Global Virtual Diagnostics market
Based on end-user, the global Virtual Diagnostics market categorized into Hospitals, Clinics, Ambulatory Surgical Centers, and Others. Hospitals segments dominate the market by 2027 as they generate huge demand for virtual diagnosis coupled with the rise in the number of patients and the increase in hospitalization across the globe.
Regional Overview in the Global Virtual Diagnostics market
By geography, the Global Virtual Diagnostics market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America accounted for a major share in 2019. It will continue supremacy by 2027, owing to the presence of a well-equipped diagnostic infrastructure, huge technological advancements in healthcare systems, coupled with high investment by key players in AI-based diagnostics systems in these regions.
Global Virtual Diagnostics market: Competitive Landscape
Companies such as 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, and ResApp Health Limited are the key players in the Global Virtual Diagnostics Market.
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