Telehealth Market to Grow at a CAGR of 25.9% to Reach USD 431.82 billion by 2030

Allied Market Research published a new report, titled, "Telehealth Market to Grow at a CAGR of 25.9% to Reach USD 431.82 billion by 2030." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Technological advancements, surged adoption during the Covid-19 pandemic, and reduction in healthcare cost burden drive the growth of the global telemedicine market. However, poor infrastructure hinders the market growth. On the contrary, growth potential in developing countries and advent of AI-based clinics would open new opportunities for the market players in the future.

Download free sample report at: https://www.alliedmarketresearch.com/request-sample/513

By application, the telepsychiatry segment would register the highest CAGR of 27.9% during the forecast period, due to increase in the patient pool of anxiety, stress, and mental illnesses. However, the teledermatology segment held the largest share of the global telemedicine market in 2020, accounting for nearly one-third of the market, owing to rise in the incidence of skin diseases across the globe.

By end user, the healthcare providers segment dominated the market in terms of revenue in 2020, contributing to nearly three-fifths of the global telemedicine market, as telemedicine offers less waiting time for patients to consult the doctor. However, the healthcare consumers segment is projected to register the highest CAGR of 28.0% from 2021 to 2030, due to rise in demand for mobile technologies, increase in adoption of home care by patients, and reduction in hospital visits.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/513

By region, the global telemedicine market across North America held the largest share in 2020, contributing to nearly half of the market, due to rise in government support and high infrastructural capability of telehealth services. However, the market across Asia-Pacific is anticipated to portray the highest CAGR of 29.0% during the forecast period, owing to rise in investment and campaigning about telemedicine services in developing countries.

If you have any special requirements, please let us know: https://www.alliedmarketresearch.com/request-for-customization/513

Key Findings of the Study

• By application, the teledermatology segment was the highest contributor to the market in 2020.

• By component, the software segment was the highest contributor to the market in 2020.

• By end user, the healthcare providers segment is projected to grow at a significant CAGR of 26.60% from 2021 to 2030.

• By region, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the review period.

Buy This Research Report at:https://bit.ly/3tudGHR

Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

Other Trending Report:

1. Fungicides Market

David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.