Telemedicine Sector: Growth Drivers and Challenges
Growth Drivers
- Higher Demand for Physicians
- Growing Geriatric Population
- Easy Access to Telehealth and Telemedicine
- Rising Prevalence of Chronic Diseases
Challenges
- Possibility of Healthcare Fraudulent
Telemedicine Market: Key Insights
|
Base Year |
2023 |
|
Forecast Year |
2024–2036 |
|
CAGR |
17.1% |
|
Base Year Market Size (2023) |
USD 123.04 billion |
|
Forecast Year Market Size (2036) |
USD 957.82 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of telemedicine is evaluated at USD 165.02 billion.
Telemedicine Market size was over USD 144.08 billion in 2024 and is projected to reach USD 1.12 trillion by 2037, growing at around 17.1% CAGR during the forecast period i.e., between 2025-2037.
North America industry is estimated to dominate majority revenue share by 2037, on the back of a higher prevalence of chronic diseases, and growing geriatric population.
The major players in the market are ClearArch, Inc., Koninklijke Philips N.V., Medtronic plc, Cerner Corporation, Teladoc Health, Inc., Cisco Systems, Inc., Medvivo Group Limited, Advanced Monitored Caregiving, Inc., and others.
