06 May Telemedicine Market Sees Momentous Growth amid COVID-19 Outbreak

Posted at 16:51h in Healthcare Information Technology, Industry Trends by Empower Systems

By: Fairfield Consultancy Services

Source: Globe Newswire

Telemedicine that has been around for more than two decades experienced an overnight push with the arrival of COVID-19 pandemic. Surpassing the global valuation of US$82.7 Bn by 2020 end, the telemedicine market will exhibit impressive expansion at a whopping 19% CAGR by the end of 2025, as projected by a new Fairfield Market Research study.

Key Highlights

  • Teleradiology to remain top revenue generating segment
  • Banking on favourable reimbursement scenario, North America continues to lead the pack
  • Besides strategic acquisitions, and collaborations, key companies are prioritising integration of telemedicine services into patient care models for a better outcome

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