Industry Trends of Telemedicine
“Telemedicine Market size was valued at USD 60.9 billion in 2020 and is estimated to grow at 18.2% CAGR between 2021 and 2027. Increasing prevalence of chronic disease and growing need for patient management will positively influence the market growth. Also, growing telecommunications network and reduction in healthcare cost will be the few other driving factor for the market expansion. Furthermore, technological advancements made by various companies involved in the industry for launching novel platforms will drive the market progression.”
“Telemedicine refers to the practice that allows healthcare professionals to provide health-related services and information via telecommunication and electronic information technology to patients in remote areas. The telemedicine technology is widely used for follow-up visits, medication management and management of chronic conditions among others that can be provided remotely via secure audio and video connections.”
Source by Global Market Insights
Therefore, Many clinics and hospitals seek to capitalize on the increased efficiency and associated cost savings of Telemedicine and are consequently accelerating the implementation of their digital transformation.