The global telemedicine market is anticipated to grow rapidly through 2025, according to a Grand View Research report.
Here are four market trends to note:
1. The global telemedicine market is expected to reach $113.1 billion by 2025.
2. Increasing incidences of chronic conditions and the rising demand for self-care are boosting market growth.
3. North America currently dominates the global telemedicine market. The Asia-Pacific region is predicted to witness lucrative growth through 2025.
4. Key players in this space include Armonk, N.Y.-based IBM, Santa Clara, Calif.-based Intel Corp., and San Francisco-based McKesson Corp.