NEW YORK, Oct. 20, 2022 (GLOBE NEWSWIRE) — Kenneth Research has published an in-depth market report on “Global telemedicine market‘ for the forecast period, i.e. 2023 – 2033, which includes the following factors:
- Market growth over the forecast period
- Detailed regional summary
- market segmentation
- growth accelerator
- Profiling of key market players
Global Telemedicine market size:
It is estimated that the global telemedicine market will generate significant revenue by the end of 2033 by growing at a CAGR of ~35% during the forecast period. Additionally, the market generated approximately $60 billion in revenue in 2022. The growth of the market is attributed to the increase in chronic diseases. According to the Centers for Disease Control and Prevention, 6 out of 10 adults in the United States have some chronic disease. The global market is further expected to be propelled by factors such as growing adoption of healthcare apps, growing geriatric population, rising healthcare spending, increase in smartphone users and rise in global population during the forecast period.
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Global Telemedicine Market: Key Insights
- The North America region is expected to generate the largest share of sales by 2033
- The Services sub-segment dominates the revenue chart
- The healthcare provider sub-segment remains prominent in the consumer segment
Increasing geriatric population across the world to boost market growth
Telemedicine refers to the use of digital information and communication technologies to remotely access and manage healthcare services. Computers and mobile devices such as tablets and smartphones are examples of technologies. In rural areas, a nurse or other healthcare professional may provide telemedicine services from a doctor’s office or mobile delivery truck. The number of geriatric populations that are more vulnerable to the use of telemedicine services has increased significantly over the years, and it is…































