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The telemedicine services market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 23%, as per The Business Research Company’s market report!

Read More On The Telemedicine Services Market Report 2022 – https://www.thebusinessresearchcompany.com/report/telemedicine-services-global-market-report

The Telemedicine Services Market Size In 2022 And Forecast

The global telemedicine services market is expected to grow from $79.92 billion in 2021 to $103.06 billion in 2022 at a compound annual growth rate (CAGR) of 28.9%. 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, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The telemedicine services market is expected to grow to $237.19 billion in 2026 at a CAGR of 23.2%.

The telemedicine services market consists of sale of telemedicine services and related products.

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Rising Cases Of COVID 19 Infections Across The Globe Is Driving The Growth Of The Telemedicine Services Market

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.

Competitive Landscape And The Regional Analysis Of The Telemedicine Services Market

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.

Additionally, as per TBRC’s research – North America was the largest region in the telemedicine services market in 2021 holding the largest market share.

The Telemedicine Services Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. 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. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the telemedicine services market.

Telemedicine – A Key Trend In The Telemedicine Services Market

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.

Telemedicine Services Market Segmentation By The Business Research Company

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

Here Are Some Reports Related To The Telemedicine Services Market –

Telehealth Global Market Report 2022

Healthcare Services Global Market Report 2022

Digital Health Market Report 2022

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