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Global Telemedicine Market Trends 2021

The global telemedicine market was worth USD 51.0 Billion in 2020 and is further projected to reach USD 152.3 Billion by 2027, at a CAGR of 16.1% during 2021-2027 (forecast period).

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Global Telemedicine Market Trends 2021

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  1. Global Telemedicine Market

  2. According to a study conducted recently by the strategic consulting and market research firm, BlueWeave Consulting, the global telemedicine market was worth USD 51.0 Billion in 2020 and is further projected to reach USD 152.3 Billion by 2027, at a CAGR of 16.1%during 2021-2027 (forecast period). Growing consumer demand, a dearth of healthcare professionals, increasing patient acceptance, escalating healthcare expenses, government assistance, developments in telecommunications, and rising demand for improved health outcomes have all contributed to the growth of the global telemedicine market. Furthermore, the ongoing pandemic has fueled the increased use of telehealth, indicating that there is still plenty of room for growth in the coming years. Government InitiativesAccelerating the Growth of the Global Telemedicine Market Government initiatives and policies have been playing an essential role in driving the growth of the global telemedicine market. The governments of several countries across the world are implementing new policies and reimbursement standards to support telehealth.

  3. Technological Advancements Encouraging the Global Telemedicine Market Telehealth technology is getting a lot of attention for coronavirus treatment. Technological innovations in telemedicine has enabled healthcare providers to diagnose, treat and monitor a patient’s progress remotely with greater efficiency, thereby propelling the growth of the global telemedicine market. Telemedicine is no longer restricted to wireless devices or other telecommunications methods. Robotics, Machine Learning (ML), Blockchain Technology, IoMT (Internet of Medical Things), and AI (Artificial Intelligence)-enabled chatbots are increasingly being used by telemedicine businesses around the world for gathering patient information, reviewing patient records, treating patients, making diagnoses, and even creating vaccines. For example, IoMT involves the connected smart ambulance, in which real-time streaming of patient data and emergency consultation mostly through video facilitates remote support of on-site paramedics. Similarly, remote surgery (tele-surgery) via self-powered surgical robots is also being carried out. Read More:https://www.blueweaveconsulting.com/global-telemedicine- market/report-sample

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