Telemedicine solution is the way to deliver healthcare services like health assessments and consultancies over telecom infrastructure. As it assists care providers to diagnose, analyze and treat patients without the need for an in-person visit, its adoption is slated to grow with a higher rate. Looking to market facts and statistics, the global telemedicine market is predicted to garner USD38 billion by 2022. Telemedicine can be a great breakthrough to offer care services to distant rural areas as it assists in conquering the distance barricades and provide care at the time of necessity.
Telemedicine allows doctors to be connected with patients through a wide range of electronic channels like video conferencing, email and electronic messaging platforms. It cuts the overall cost of medical care for patients and augments healthcare accessibility at any time. This kind of services is being broadly adopted across the North American region as they can improve access to healthcare for remote areas people. According to the market reports, the North American Telehealth market is slated to worth USD 9,496.6 million by 2024, with a CAGR of 24.3 percent. Improved health IT infrastructure, favorable government initiatives with reforms and policies supporting digital health, technological advancement in mobile health technology, growing awareness about benefits of telemedicine, and increasing focus on value-based care and population health management are largely accelerating the business growth of the market in this region.
The global telemedicine market is also gaining huge revenue by escalating the growth of the internet infrastructure and smartphone proliferation that creates a conducive environment for business growth of this market. Additionally, the growing demand for personalized healthcare also boosts the market growth.