The Telemedicine Market Will Double Over the Next Five Years

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The telemedicine market is expected to almost double in the next five years, seeing growth at a 18.88% compound annual growth rate. Two of the major issues hindering the telemedicine market are reimbursement for services and licensing.

Vendors are working with telecom and healthcare sectors to expand the mobile health market. Advances in mobile connectivity are essential to the progress of telemedicine. Mobile devices can be used for remote monitoring and keeping patients connected to their physicians. Telehealth may make a significant impact on rural communities, especially in states like Mississippi.

Summary by MedicalGroups.com

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