Telehealth market to rise by $368.7b in 4 years

Its growth is attributed to technological advancements, such as Mobile health.

The global telehealth market is expected to grow by $368.7b until 2028 at an estimated compound annual growth rate (CAGR) of over 40.06%, according to Technavio.

The market is witnessing a notable expansion driven by technological advancements within the healthcare industry.

This has led to an increasing adoption of such tools to deliver effective, remote patient care.

“Mobile health (mHealth) is a leading technological approach, driven by wireless communications, allowing healthcare providers to monitor patients' medical conditions and communicate easily,” the report said.

In line with this, research institutions are focused on advancing mHealth technology, with developments such as sensor-embedded toilet seats designed for remote patient monitoring (RPM). 

Moreover, additional technologies, such as artificial intelligence (AI), machine learning, and the Internet of Things (IoT) are key tools in bolstering medical decision-making and streamlining healthcare systems, further contributing to the market’s expansion.

“The adoption and integration of these analytical tools are increasing due to improved patient care in less time, intelligent assistance for tracking and assessing healthcare data, and increased RPM capabilities,” the report added.