Authored By: Sarah
19 Oct 2023

Billion-Dollar Telemedicine Market Growth Analysis| North America to Dominate Market Growth through 2023-2027

Global Telemedicine Market will witness humongous market growth between 2022 and 2027. It is estimated the revenue growth will touch the billion-dollar mark with revenue of USD 92.07 Bn accelerating growth at a CAGR of 15.64%.

The sole reason for this market expansion can be attributed to patient engagement refers to the interaction between patients and healthcare providers as it is extremely crucial for enhancing healthcare outcomes, enhancing patient care, and lowering costs through the regular interaction between healthcare suppliers and patients and by keeping patients occupied in care management. 

North America to dominate the global market of Telemedicine: When it comes to the fastest growing region as per forecast for the next five years 41% of the growth of the global market will achieved from North America fueled by technological advancements, changing patient preferences, and the need for accessible healthcare services. Telemedicine, encompassing virtual consultations, remote monitoring, and digital health platforms, has become a pivotal component of the healthcare landscape of the region.

"Technavio's report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment."

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Telemedicine Market Analysis as per Topography 

The robust technological infrastructure and widespread availability of high-speed Internet connections have enabled patients to be able to get healthcare services from the comfort of their homes so that they can take advantage of the comfort of their homes in the region. 

Key Companies of the Telemedicine Market: Technavio’s market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for the core companies in the region, which will assist in creating efficient business plans. 

Aerotel Medical Systems Ltd., AMD Global Telemedicine Inc., American Well Corp., AMN Healthcare Services Inc., CareCloud Inc., Cisco Systems Inc., Doctor On Demand Inc., ENCOUNTER TELEHEALTH LLC, Evernorth Health Inc., General Electric Co., GlobalMedia Group LLC, Koninklijke Philips N.V., MeMD, Oracle Corp., etc are some of the prominent names worth mentioning in the market sphere.

Avail comprehensive report with a detailed analysis of the prevalent market forces, trends, and drivers that are likely to impact the market in focus along with qualitative and quantitative analyses of companies with a wider understanding of the business ecosystem. Download our report on the Telemedicine Market for more insights.

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