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The global telehealth market is experiencing growth due to several factors, including an increase in healthcare digitalization activities, government initiatives, growing use of web and cloud-based platforms, and increased patient engagement. The market is expected to generate $784.3 billion by 2032, witnessing a CAGR of 25.2% from 2023 to 2032. Telehealth encompasses a broad range of applications such as tele prescribing, remote patient tracking, virtual consultations and online therapy. The market is expected to be hampered by behavioral interferences using a remote monitoring system, but strategic collaborations and acquisitions by market players are expected to provide lucrative development opportunities.
