Telemedicine Market May See a Big Move by 2031 Covid-19 Analysis | CAGR 25.9%

KANSAS CITY, Kan. - Dec. 23, 2021 - PRLog -- As per the report published by Allied Market Research, the global Telemedicine Market generated $40.20 billion in 2020, and is projected to reach $431.82 billion by 2030, registering a CAGR of 25.9% from 2021 to 2030.

Technological advancements and adoption due to the Covid-19 outbreak and need to reduce healthcare costs have boosted the growth of the global telemedicine market. However, poor infrastructure and technological barriers hinder the market growth. On the contrary, high growth potential in developing economies and the advent of AI-based clinics are expected to open new opportunities for the market players in the future.

𝗚𝗲𝘁 𝗣𝗗𝗙 𝗕𝗿𝗼𝗰𝗵𝘂𝗿𝗲 𝗢𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗪𝗶𝘁𝗵 𝗗𝗲𝘁𝗮𝗶𝗹𝗲𝗱 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀 @ https://www.alliedmarketresearch.com/request-sample/513

The report segments the global telemedicine market on the basis of application, component, end-user, and region.

Based on application, the telepsychiatry segment is expected to portray the highest CAGR of 27.9% during the forecast period. However, the teledermatology segment held the largest share in 2020, contributing to nearly one-third of the market.

On the basis of component, the hardware segment is projected to manifest the highest CAGR of 30.6% during the forecast period. However, the software segment held the lion's share in 2020, accounting for nearly half of the market.

✯ 𝗞𝗲𝘆 𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗳𝗼𝗿 𝗦𝘁𝗮𝗸𝗲𝗵𝗼𝗹𝗱𝗲𝗿𝘀

• 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.

More info: https://www.alliedmarketresearch.com/telemedicine-market