Telemedicine: The Future of Healthcare in a Globalized World

The increasing incidence of lifestyle-associated and chronic diseases is fueling the surging popularity of telemedicine all over the world. As per the World Health Organization (WHO), chronic diseases are one of the major causes of mortality across the globe. They are responsible for as much as 60% of the total deaths across the world. Out of the various types of chronic diseases and health problems, cardiovascular diseases (CVD) are the primary cause of deaths around the world.

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The incidence of chronic diseases such as cancer, cardiovascular diseases, stroke, diabetes, and respiratory diseases is surging all over the world, because of the lack of proper access to adequate healthcare and preventive care and the changes in dietary habits and lifestyles of people across the world. Several environmental factors, oxidative stress, and genetic disposition are the other major factors fueling the prevalence of chronic diseases and health problems throughout the world.

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As per a report published by the Centers for Medicare & Medicaid Services (CMS), in the U.S., the total healthcare cost is predicted to rise from an average of 17.7% to 19.7% from 2018 to 2028. Due to this reason, the popularity of affordable healthcare solutions and services such as telemedicine is growing rapidly all over the world, which is, in turn, driving the progress of the global telemedicine market.

Geographically, the telemedicine market recorded the highest growth in North America during the past few years and this trend will continue in the upcoming years as well, as per the forecast of P&S Intelligence, a market research company based in India. The factors driving the progress of the market in this region are the growing incidence of lifestyle-associated and chronic diseases, the surging population of geriatric people, and the soaring government grants and funding being provided for telemedicine.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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This release was published on openPR.