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Telemedicine Market

Telemedicine Market Size, Share, Sales, Analysis, Forecast By Component (Software & Services and Hardware), By Deployment (Cloud Based and On Premise), By Application (Teleradiology, Tele-Consultation, Tele-ICU, Tele-Stroke, Tele-Psychiatry, Tele-Dermatology and Others), By End User (Providers, Payers, Patients And Others), Industry Competition & Player Profiles, 2023-2032
Frequently asked questions about this report

The global Telemedicine market was worth US$ 40.9 billion in 2021.

The global Telemedicine market is expected to register a CAGR of 13.3% through 2032.

North America contributed a dominating share to the telemedicine market.

Rising demand for lowering medical costs and minimizing hospital visits is strengthening the telemedicine market. Diagnosis and treatment costs are expensive in regions such as North America and Europe. Furthermore, frequent doctor visits and hospitalization are unaffordable for the economical population.

Major players operating in the global telemedicine market include Koninklijke Philips N.V., Medtronic, Cerner Corporation, AMC Health, Siemens Healthineers, Iron Bow Technologies, Cisco Systems, Inc., Vsee.

In terms of components, telemedicine software held the greatest market share globally.