Telemedicine Market Projected To Grow At Cagr Of 25.9% Through 2030

As per the report published by Allied Market Research, the global Telemedicine Market generated $40.20 billion in 2020, and is projected to reach $431.82 billion by 2030, registering a CAGR of 25.9% from 2021 to 2030.

Technological advancements and adoption due to the Covid-19 outbreak and need to reduce healthcare costs have boosted the growth of the global telemedicine market. However, poor infrastructure and technological barriers hinder the market growth. On the contrary, high growth potential in developing economies and the advent of AI-based clinics are expected to open new opportunities for the market players in the future.