The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s telemedicine services market report forecasts the telemedicine services market size to grow to $262.33 Billion by 2027, with a CAGR (compound annual growth rate) of more than 18%.

Learn More On The Telemedicine Services Market Report 2023 – https://www.thebusinessresearchcompany.com/report/telemedicine-services-global-market-report

Telemedicine Services Market Size Forecast
The global telemedicine services market is expected to grow from $103.06 billion in 2022 to $131.75 billion in 2023 at a compound annual growth rate (CAGR) of 27.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global telemedicine services market size is expected to grow to $262.33 billion in 2027 at a CAGR of 18.8%.

North America held the largest telemedicine services market share.

Key Telemedicine Services Market Driver ­– Rise In Cases Of COVID 19 Infections Across The Globe
As of December 2020, the total number of active cases around the world is around 19,649,961 million and expected to increase until the availability of vaccines. Telemedicine services will provide healthcare services to the COVID 19 affected people as they cannot step out to avail the services. Rising cases of COVID 19 infections across the globe is expected to boost the demand for the telemedicine services market.

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Key Telemedicine Services Market Trend – Increasingly Covering Telemedicine Services
Telemedicine is increasingly being accepted and insurance companies and government-regulated health care programs are increasingly covering telemedicine services in their plans. The governments are probing companies to make changes to the policies to cover the services under their schemes. For instance, in March 2020, in response to the coronavirus outbreak, the US government announced that private insurers will be covering the cost of coronavirus testing and telemedicine services for patients.

Telemedicine Services Market Segment
1) By Technology outlook: Store and Foreward, Real time
2) By Application: Teleradiology, Telepsychiatry, Telepathology, Teledermatalogy, Telecardiology
3) By Type: Web-based, Cloud-based, On-premises

Telemedicine Services Market Major Players and Strategies
Major players in the telemedicine services market are AMD Global Telemedicine Inc., Philips Healthcare, Cisco Systems, Inc., McKesson Corporation, Allscripts Healthcare Solutions Inc., GE Healthcare Ltd., Cerner Corporation, BioTelemetry Inc. and Teladoc.

In April 2022, Patient Square Capital, a US-based healthcare investment firm, acquired SOC Telemed for an undisclosed amount. Through this acquisition, Patient Square Capital will help SOC Telemed to be well-positioned to fulfill the expanding demands of patients, clinicians, and our hospital partners. SOC Telemed is US-based company specializing in telemedicine technology and solutions.

The Telemedicine Services Global Market Report 2023 covers regional data on telemedicine services market size, telemedicine services market trends and drivers, opportunities, strategies, and telemedicine services market competitor analysis. The countries covered in the telemedicine services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Telemedicine services are health care services provided via video chat, phone calls, and text messages. Patients can use telemedicine for physical examination as well as to ask questions regarding health concerns.

View More Reports Related To The Telemedicine Services Market –
Telehealth Global Market Report 2023
Teleradiology Global Market Report 2023
Telemetry Global Market Report 2023

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