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Telemedicine Market – Opportunities & Forecast, 2020-2027

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Date11/25/2020 8:57:13 AM
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The key factors driving the growth of telemedicine market include the increasing geriatric population, growing prevalence of chronic diseases, enhancements in telecommunication infrastructure, and the lack of healthcare professionals around the world. Moreover, requirement for affordable treatment options and procedures owing to rising healthcare costs are certain factors that are projected to surge the growth of telemedicine market during the forecast period. Furthermore, exponential growth and increase in the development of the telecommunication sector, followed by high disposable income are assumed to account for the growth in healthcare expenditure in the upcoming years. Telemedicine also aids in decreasing emergency room visits and hospitalization rates, which is a major factor bolstering market growth.
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