The Telehealth and Telemedicine Market Size was valued at USD 87.16 billion in 2022, and is expected to reach USD 578.86 billion by 2030 and grow at a CAGR of 26.7% over the forecast period 2023-2030.
The telehealth and telemedicine market share has been steadily growing over the years, and recent global events have further accelerated its adoption. Telehealth refers to the use of technology to provide healthcare services remotely, while telemedicine specifically focuses on remote clinical services.
One of the key drivers behind the increasing market share is the convenience and accessibility it offers to patients. With telehealth and telemedicine, individuals can receive medical consultations, diagnosis, and even treatment from the comfort of their own homes. This eliminates the need for physical visits to healthcare facilities, saving time and reducing travel costs.
Moreover, telehealth has proven to be particularly beneficial for individuals in rural or underserved areas who may have limited access to healthcare facilities. It allows them to connect with healthcare professionals regardless of their geographical location, bridging the gap between urban and rural healthcare disparities.
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Key Players Covered in report are: Asahi Kasei Corporation, Medtronic, Koninklijke Philips N.V., Siemens Healthineers, Cerner Corporation, Cisco Systems, GE Healthcare, Teladoc Health, American Well, and other players
KEY MARKET SEGMENTATION:
By Component
- Software & services
- Hardware
By Mode of Delivery
- Cloud-based
- On-premise
By Application
- Teleconsultation
- TeleICU
- Telestroke
- Teleradiology
- Telepsychiatry
- Teledermatology
- Other
By End User
- Providers
- Payers
- Patients
- Other
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