Technology | 12.21.20
The Worldwide Telehealth/Telemedicine Industry Is Estimated to Reach $191.7 Billion by 2025
Yahoo! Finance (12/08/20)
Yahoo! Finance projects that the global telehealth/telemedicine market will grow at a compound annual growth rate (CAGR) of 37.7% from an estimated $38.7 billion this year to $191.7 billion by 2025. Key factors driving the growth range from the need to expand healthcare access to the growing prevalence of chronic diseases and conditions to a shortage of doctors. Advancements in telecommunications and the rising adoption of this technology during the COVID-19 crisis are also factoring in. Researchers, though, warn that regional variations in regulations, fraud, and the use of social media for care providers will hinder market growth during the forecast period.
Read the full story from Yahoo! Finance.