Roughly half of the market will be within the US alone, although China and India are also poised for growth. A recent report is projecting that the global telemedicine market will expand from its current $38.3 billion valuation to $130.5 billion by 2025.According to the study by Global Market Insights, this 19.2 percent compound annual growth rate (CAGR) will be largely fueled by worldwide telecommunication network developments, market opportunities in rural areas or those without easy access to healthcare services, and the continuing integration of healthcare and IT market sectors.However, inconsistent reimbursement for telemedicine services and little awareness of telemedicine among developing economies will hamper some growth opportunities.The report offers a breakdown of individual telehealth use cases and global markets. For instance, it anticipates a 18.9 percent CAGR for the teleconsultation services market, while predicting that the telehospital market will reach a total value of $85.3 billion by the end of the forecasts timeframe. Meanwhile telemedicine as a whole is set to reach a $64.1 billion 2025 valuation within the US alone, according to the report, although China and India are also expected to grow at 23 percent CAGR and 22.4 percent CAGR, respectively.

Source: Click here