The Global Telemedicine Market is expected to reach $324.38 billion by 2030. Telepsychiatry emerges as a promising option for psychiatric treatments and boost the telemedicine market at a CAGR of 18.9% from 2022 to 2030, according to Growth Plus Reports.
Key takeaways:
- North America dominates the global market with the largest share.
- Major players operating in telemedicine are Koninklijke Philips N.V., ClearArch, Inc., AMD Global Telemedicine, Inc., Cisco Systems, Inc., Allscripts Healthcare, LLC., Advanced Telemed Services Pvt. Ltd., Aerotel Medical Systems Ltd., MEDTRONIC PLC., Iris Telehealth Inc., and MDLIVE Inc. among others.
- In Jan 2021, the FCC announced initial pilot projects for telehealth services that included 14 projects for 11 states and more than 150 digital healthcare sites. The FCC funded $26.6 million for these projects.
- Rising government initiatives and public awareness among the population have further fueled the telemedicine industry. Read more.
