Telemedicine Market Size To Reach $380.33 Billion By 2030

May 2025 | Report Format: Electronic (PDF)

Telemedicine Market Growth & Trends

The global telemedicine market size is estimated to reach USD 380.33 billion by 2030, registering a CAGR of 17.55% from 2025 to 2030, according to a new report by Grand View Research, Inc. Rising prevalence of chronic illnesses, increased traditional healthcare costs, evolution of mhealth services in healthcare institutions, and a growing number of digital health users attribute to market growth. Favorable government initiatives led to introduction of advanced healthcare IT infrastructure and facilities that fuels growth of the market. For instance, the Research and Innovation Enterprise Plan in Singapore supports digital innovation that focuses on healthcare .

COVID-19 positively impacted the market growth as it increased awareness and adoption rates among patients and healthcare providers, leading to increased investment activities. In response to the pandemic, both state and federal laws in U.S. have been modified to facilitate the widespread use of telemedicine. The Coronavirus Preparedness and Response Supplemental Appropriations Act of March 2020, expanded the reimbursement coverage for telehealth services and provided emergency funding of USD 8.0 billion for federal agencies. Many U.S. states also waived licensure requirements, enabling better utilization of the services. These factors collectively contributed to the market growth during pandemic.

Rapid technological improvements have also increased the demand for online consultation, adding to market growth. In March 2022, Plantronics Inc., renamed as Poly, announced its partnership with Raydiant for making advancements in telemedicine services. The purpose was to optimize remote, hybrid, and in-office team communication for facilitating health communication. The market growth of telehealth products is also expected to be driven by presence of established companies, emerging start-ups and various other initiatives such as mergers, partnerships, and acquisitions. In January 2021, Teladoc, Inc. announced the acquisition of Consultant Connect Limited. Consultant Connect is a UK-based telemedicine provider that facilitates connections and information sharing between healthcare professionals.

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Telemedicine Market Report Highlights

The products segment dominated the market in 2024, while the services segment is projected to grow with the fastest CAGR of 18.90% over the forecast period.
Real-time segment contributed to the largest revenue share in the modality segment in 2024. Increasing uptake of on-demand virtual visits and enhanced care delivery over video are anticipated to be the vital drivers for the real time telemedicine solutions market growth.
Web/mobile-based delivery model segment held the largest revenue share of 78.90% in 2024, owing to the widespread adoption of smartphones and internet penetration.
Based on application, teleradiology dominated the market in 2024. Key growth drivers for this segment include integrating Artificial Intelligence (AI) into teleradiology, implementing a Picture Archiving and Communication System (PACS), and increasing R&D activities in eHealth.
Based on end-use, the patient segment held the dominant share of the overall market in 2024, owing to patients using telemedicine services for various health issues, from mild to emergency situations.
North America has seen a high adoption of telehealth solutions, resulting in its domination of the global market. The region's abundant advanced healthcare facilities and widespread adoption of digital technologies have contributed to its large market share in 2024.

Telemedicine Market Segmentation

Grand View Research has segmented the global telemedicine market based on component, modality, application, delivery model, facility, end-user, and region:

Telemedicine Component Outlook (Revenue, USD Billion, 2018 - 2030)