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Teladoc Health, Inc.
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== Market == === Total addressable market === The total addressable market in this case is the healthcare provision, the value being estimated at USD 1.6 Trillion. === Serviceable available market === Here the serviceable available market is defined as the global virtual healthcare market. This market is according to Grand View Research was USD 211.0 billion in 2022 and is expected to reach USD 245.3 billion in 2023. === Serviceable obtainable market === Here the serviceable obtainable market is defined as the US virtual healthcare market. This is currently valued at $5.6 billion. === Industry demand drivers === # '''Increasing prevalence of cancer globally''' - as predicted by Cancer Research UK, by 2040 we will see a 54.9% increase in new cancer cases worldwide. This will put increased pressure on the healthcare industry and hence increase demand. # '''Shortages in healthcare facilities''' - according to WHO, by 2030 healthcare facilities will be short of 15 million qualified professionals, increasing the demand for virtual care. # '''Constantly developing technologies and AI''' - with technology, be it medtech or technology in general developing rapidly and that contributing to significant development of virtual healthcare, of course, there will be an increased demand for it.
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