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Vancouver, British Columbia, Dec. 10, 2020 (GLOBE NEWSWIRE) -- The Global Virtual Diagnostics Market is forecast to be worth USD 1,512.2 Million by 2027, according to the current analysis by Emergen Research. The market is experiencing increased demand due to the infiltration of smartphones and the advent of advanced technologies in the healthcare sector.
Increased incidences of chronic health conditions and advancements in artificial and machine learning technology will provide a lucrative growth opportunity to players in the virtual diagnostic market. However, this technology is new and involves multiple challenges such as privacy concerns and low accuracy associated with the virtual diagnosis. The growth in the geriatric population and the need for a quick and easy diagnosis will impact the market positively. Additional factors, such as lack of medical and physicians and poor health conditions, are fueling the market demand. Increasing access to diagnosis will make it possible for the further growth of the market.