Telemedicine Market to Reach USD 396.76 Billion in 2027 | Situation In United States
The global telemedicine market is set to gain momentum from the introduction of artificial intelligence (AI)-powered booths in local malls. The system can dispense over 100 medications from a smart medicine cabinet. This information is given by Fortune Business Insights™ in a new report, titled, “Telemedicine Market Size, Share & COVID-19 Impact Analysis, By Type (Products and Services), By Modality (Store-and-forward (Asynchronous), Real-time (Synchronous), and Others), By Application (Teleradiology, Telepathology, Teledermatology, Telecardiology, Telepsychiatry, and Others), By End User (Healthcare Facilities and Homecare), and Regional Forecast, 2020-2027.” The report further states that the telemedicine market size was USD 41.63 billion in 2019. It is projected to grow from USD 79.79 billion in 2020 to USD 396.76 billion in 2027 at a CAGR of 25.8% during 2020-2027.
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COVID-19 Pandemic to Affect Growth Positively Fueled by Need to Prevent Transmission
The
COVID-19 pandemic has caused a burden on healthcare workers because of the
rising number of coronavirus positive patients. It is therefore resulting in
the postponement or cancellation of non-essential appointments and elective
surgeries to ensure safety of clinicians and patients. Telemedicine has come to
the rescue by offering digital health services so that doctors can easily
connect with their patients from home. We are providing detailed research
reports to aid our clients get the best insights into the market.
To get to know more about the short-term and long-term impact of
COVID-19 on this market, please visit: https://www.fortunebusinessinsights.com/industry-reports/telemedicine-market-101067
What Does This Report Contain?
This report includes in-depth information associated with change in material usage, new product launches, and technological advancements. It provides market dynamics based on various factors, such as opportunities, challenges, drivers, hindrances, and dynamics. At the same time, it will deliver a complete insight from the supply side respondents related to market share, distribution, and size.
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