Global Telemedicine Market

European Region is Forecasted to have a Significant Market Share, and is also expected to grow at a Steady Rate:

The rise of European region in the global telemedicine market, can be attributed to factors, such as growing cases of chronic diseases, and improving government regulations for the use of digital health. For instance; Nearly 100,000 new skin cancer cases are diagnosed each year in the U.K., as per the British Skin Foundation. So, the U.K. government appointed Telederm, that conducts over 50,000 diagnosis of skin cancer annually, to National Health Services (NHS) and other private patients, which has happened to produce cost effectiveness.

North American Region Holds the Largest Market Share

However, the North American region has the highest market share. This dominance is due to rise in the R&D activities in the region, and the presence of major competitors of the market in the region. On the other hand, the Asia-Pacific region is predicted to grow at the fastest rate.