The global telehealth market size is anticipated to reach USD 636.38 billion by 2028 and exhibit a CAGR of 32.1% during the forecast period. Rising adoption of telehealth services to combat the rapid spread of the COVID-19 infection will play a key role in boosting market growth. Fortune Business Insights™ presented this information in its report titled, “Telehealth Market, 2021-2028”. The market size stood at USD 144.38 billion in 2020.
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Telehealth leverages the power information and communication technology to provide remote healthcare services to patients. The COVID-19 outbreak has created immense pressure on existing healthcare infrastructures around the world, necessitating the employment of technologies that allow patients to contact with their doctors from distant locations. Moreover, since healthcare facilities are focused on dealing with coronavirus patients, treatments for other diseases have taken a backseat. In this context, telehealth technologies have enabled medical professionals to ensure that patients with chronic and other serious conditions are provided with the necessary medical care during the pandemic. Lastly, telemedicine tools have also safeguarded frontline healthcare professionals from getting infected, which have further augmented the prospects of this market.
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