The global telemedicine market size is expected to reach USD 380.3 billion by 2030, registering a CAGR of around 18.0% from 2024 to 2030, based on 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.

Gather more insights about the market drivers, restrains and growth of the Telemedicine Market

Telemedicine Market Report Highlights

• The products segment dominated the market in 2023 while services segment is projected to grow with the fastest CAGR of 18.90% over the forecast period from 2024 to 2030.

• Real-time segment contributed to the largest revenue share in modality segment in 2023. 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 is projected to experience substantial growth over the forecast period owing to the widespread adoption of smartphones and internet penetration

• Based on application, teleradiology dominated the market in 2023. 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, patients segment held the dominant share of overall market in 2023, 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

Browse through Grand View Research's Healthcare IT Industry Research Reports.

• The global occupational therapy software market size was estimated at USD 190.86 million in 2024 and is projected to grow at a CAGR of 11.27% from 2025 to 2030. 

• The global healthcare digital twins market size was estimated at USD 902.59 million in 2024 and is projected to grow at a CAGR of 25.9% from 2025 to 2030.

Telemedicine Market Segmentation

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

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

• Product

o Hardware

o Software

o Others

• Services

o Tele-consulting

o Tele-monitoring

o Tele-education

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

• Store and forward

• Real time

• Others

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

• Teleradiology

• Telepsychiatry

• Telepathology

• Teledermatology

• Telecardiology

• Others

Telemedicine Delivery Mode Outlook (Revenue, USD Billion, 2018 - 2030)

• Web/Mobile

o Audio/Text-based

o Visualized

• Call Centers

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

• Tele-hospital

• Tele-home

Telemedicine End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Providers

• Payers

• Patients

• Others

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

• North Americ

o U.S.

o Canada

• Europe

o Germany

o UK

o France

o Italy

o Spain

o Sweden

o Denmark

o Norway

• Asia Pacific

o China

o India

o Japan

o Australia

o South Korea

o Thailand

• Latin America

o Brazil

o Mexico

o Argentina

• MEA

o South Africa

o Saudi Arabia

o UAE

o Kuwait

Order a free sample PDF of the Telemedicine Market Intelligence Study, published by Grand View Research.