As the world continues to adapt to the limited physical interactions following the COVID-19 pandemic, several business sectors have adapted to carrying on their activities remotely by leveraging Information & Communication Technology (ICT). However, an essential industry – the Health industry more than ever needs to adapt to the ‘new normal’ of rendering services without being physically present. Hence, the growing importance of Telemedicine.
Globally, the telemedicine market size stood at $41.63 billion in 2019. The global impact of COVID-19 gave an unprecedented positive demand shock to the industry across all regions. Telemedicine was poised to grow by a staggering 91.7% to $79.79 billion in 2020 and also grow at a 25.8% CAGR between 2020 – 2027. For example, during the early days of the pandemic in Nigeria, between 2nd February and 3rd May 2020, Hudibia, a mobile health application, got a 400% increase in downloads…
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