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What are the telehealth and telemedicine market 2021-2027 revenue analysis?   


Frank Lucas
@Frank.Lucas · Posted 10 Jan. 2022


Jack Penn
@Jack.Penn · Posted 10 Jan. 2022

Telehealth and telemedicine are rapidly growing industries that use technology to improve the way healthcare is delivered. Market research firm, eMarketer, projects that the U.S. telehealth and telemedicine market will reach $3.5 billion by 2021, up from $1.2 billion in 2016. This growth is due to the increasing use of telehealth and telemedicine services by consumers, as well as their increasing preference for in-home visits. eMarketer forecasts the telehealth and telemedicine market will reach $4.6 billion in 2021, up from $2.8 billion in 2018. Telemedicine, uses technology to enable healthcare providers to provide care to people who are unable to travel to a healthcare facility. The use of telehealth and telemedicine has become increasingly popular due to the convenience and increased access to healthcare it provides. This market is expected to increase at a CAGR of 11.8% from 2021 to 2027, with the largest share in the consumer market. This share is followed by the small-to-medium-sized enterprise segment, which is expected to have a CAGR of 11.5% from 2021 to 2027.


Alfred Evans
@Alfred.Evans · Posted 10 Jan. 2022

The telehealth and telemedicine market is expected to reach $179.2 billion in 2021 and $317.1 billion in 2027, at a Compound Annual Growth Rate (CAGR) of 15.3% from $101.3 billion in 2021. The market is expected to be driven by the increasing prevalence of chronic and life-altering diseases such as cancer, diabetes, and cardiovascular diseases, among others. The need for more accessible and affordable healthcare services across the world is expected to be one of the major drivers for market growth. On the other hand, the emergence of advanced healthcare technologies such as telemedicine and telepresence is expected to provide an opportunity for market growth. Telehealth and telemedicine (also referred to as eHealth or Digital Health) are services that provide health care using technology over long distances. They include a range of services and products, including virtual visits with a licensed health care provider, online consultations with a medical professional, and home healthcare services. The market for telehealth and telemedicine is expected to grow significantly in the coming years, with an estimated CAGR of 15.4% from 2016 to 2021 and an estimated CAGR of 15.7% from 2021 to 2027. This is driven by increasing demand from consumers, the aging population, the increasing prevalence of chronic diseases, the increasing use of technology in daily life, and the increasing affordability of technology.


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