Global telehealth market to hit $9.4B by 2021: 5 trends

The global telehealth market is projected to grow rapidly over the next five years, according to a report published by MarketsandMarkets.

Here are five trends:

1. The worldwide telehealth market is projected to reach $9.35 billion by 2021.

2. The market was valued at $2.78 billion in 2016, and is expected to grow at a compound annual growth rate of 27.5 percent through 2021.

3. In 2016, North America accounted for the largest share of the global telehealth market, followed by Europe.

4. In the United States, a number of factors drive market growth, including rising healthcare costs, a shortage of physicians and growth in geriatric population.

5. In the coming years, the telehealth market is expected to witness the highest growth in the Asia-Pacific region.

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