LONDON, April 21, 2021 (GLOBE NEWSWIRE) — According to The Business Research Company, the global telehealth market is expected to grow from $83 billion in 2020 to $319 billion in 2025 at a compound annual growth rate (CAGR) of 30.9%. The market is then expected to grow to $521 billion in 2030 at a compound annual growth rate (CAGR) of 10.3%. 

The rapid growth of the global telehealth market in the forecast period of the market can be attributed to increasing demand for telehealth services in diagnostics for COVID-19 and other illnesses during the lockdown period. There has been an increase in adoption of telehealth services in the diagnostic stage and follow-up with healthcare practitioners while facilitating social distancing.

In March 2020, the government of Australia launched its “Medical Support At Home” initiative, which promotes the use of telemedicine services platforms across the country. The government of the…

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