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Global Telehealth Market Set for Growth Driven by Technology and Demand
The Global Telehealth Market is poised for significant growth, driven by increasing demand for remote monitoring solutions, rising healthcare spending in developing economies, and a growing geriatric population. Key trends include the adoption of wearable technologies and the prevalence of chronic diseases. Major players in the market include Koninklijke Philips N.V, Medtronic plc, and Cisco Systems, among others, as the industry adapts to technological advancements and evolving healthcare needs.
telehealth market poised for rapid growth transforming healthcare delivery worldwide
The global telehealth market, valued at USD 86.47 billion in 2023, is projected to grow at a CAGR of 23.87% through 2033, driven by technological advancements and increasing demand for accessible healthcare solutions. Telehealth enhances chronic disease management and mental health support, offering remote consultations and monitoring, particularly beneficial for underserved areas. North America leads in telehealth adoption, bolstered by supportive regulations and high internet penetration, especially following the COVID-19 pandemic.
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