Telemedicine Market Trends, Leading Players, Growth and Forecast to 2030

Telemedicine Market To Generate Revenue Worth $144.2 Billion by 2030

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The access to proper healthcare facilities is something which should be available for each and every person; however, people living at remote locations are often left out when it comes to provision of advanced healthcare facilities. This is because developed healthcare infrastructure is only present in cities and densely populated areas. Attributed to these, the concept of telemedicine was developed for treating patients who were located in remote areas, in areas with shortages of medical professionals, or far away from local health facilities. Telemedicine at the present time is also utilized for addressing similar concerns, but the preference of consumers is changing as well, which is further resulting in a rising need for telemedicine.

Request for sample copy of this report: https://www.psmarketresearch.com/market-analysis/telemedicinemarket/report-sample These days, patients are not inclined towards wasting time in waiting rooms and want to get immediate care for minor as well as urgent conditions as soon as they can. This along with the unavailability of many overworked medical professionals has led to a growth in the number of telemedicine companies across the globe. These companies offer 24/7 medical care access to patients with an on-call doctor or offer hospitals and medical centers access to extra clinical staff and specialists for the purpose of outsourcing.

As per a P&S Intelligence report, the global telemedicine market size was $27.8 billion in 2019, which is expected to grow at a CAGR of 15.8% during the forecast period. The major services offered by the telemedicine technology are tele-training, tele-consulting, tele-education, and telemonitoring. The largest demand in the coming years is projected to be created for tele-monitoring services in the coming years, which is ascribed to the rising need for patient monitoring services in remote areas.

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The need for tele-hospital and clinic type was larger in the past, owing to the surging prevalence of health conditions associated with lifestyle changes. Apart from this, the tele-home services are also projected to gain traction in the near future because of patient benefits, such as shorter hospital stays, remote monitoring of health conditions, and enhanced access to healthcare professionals. Telemedicine services are offered on the basis of different specialties, namely orthopedics, dermatology, neurology, gynecology, and cardiology. Telemedicine was used the most for dermatology in the past, which is attributed to the growing prevalence of skin diseases and increasing healthcare expenditure.

In conclusion, the need for telemedicine is rising for providing access to better medical facilities to patients in remote locations. Š P&S Intelligence. All rights reserved

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