Telemedicine Market to Grow at 14.8% CAGR

The growing disease burden and rising inflation have led to an exorbitant increase in the healthcare cost globally. This has impacted the prices of drugs and the technologies used in healthcare, administrative cost, as well as the consulting fees of doctors. The Centers for Medicare & Medicaid Services reported that in the U.S., the price of medical services would witness an average increase of 2.7% during 2020–2025, compared to the average increase of 2.4% in 2018–2019.

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