Business
Exxe Group Inc. Enters Lucrative Telemedicine Market
Exxe Group Inc. Enters Lucrative Telemedicine Market.
About this update from Exxe Group Inc.
[{"type":"text","content":"\n NEW YORK, May 27, 2020 (GLOBE NEWSWIRE) -- Exxe Group, Inc. (OTC PINK: AXXA), a diversified company focused on synergistic acquisitions in real estate, digital platforms, financial services and agribusiness,  announced today that via the Axxa Venture Fund, the Company is entering the telemedicine market, which is swiftly transforming the entire global health care landscape. According to an April 2020 industry report issued by Grandview Research, the global telemedicine market is projected to grow from $41.1 Billion in 2019 to $155.1 Billion in 2027. The core growth has been driven by new capabilities to monitor various chronic conditions, home healthcare monitoring for aging populations, and the demand for self-governing. At its core, telemedicine reduces emergency room, hospitalization, and doctor visits. However, the current COVID-19 pandemic, which prompted lockdowns of billions of people, has overnight demonstrated that first-rate care across the spectrum can be given with merely an internet or mobile connection or access to a computer.  As a result, it is expected that the percentage of patients using telemedicine in the US alone is projected to reach 50% in the coming months. Against this backdrop, one of the Fund’s investee companies has been developing and implementing via beta tests, a transformative telemedicine rehabilitation platform along with a suite of applications designed to improve existing techniques used for patients undergoing various stages of rehab. As a stand-alone platform, or core application which can be integrated into existing rehabilitation therapies, this novel, patented technology could be used to treat tens of millions of cases each year worldwide. One key benefit of this new technology is it guarantees the safety of medical professionals and patients as a number-one priority. Our telehealth apps promote delivery of prompt, quality, and affordable medical care in the privacy and safety of one's home, while maintaining the guidelines of social distancing being implemented worldwide. Through our international management-consultancy network, Exxe Group is implementing an aggressive plan of adoption of our technology to multiple markets simultaneously. The pandemic created an environment and eagerness by healthcare providers to swiftly test and integrate our systems into ...