Telemedicine market to reach by $320B by 2030, report predicts

The telemedicine market is forecast to hit $324.38 billion by 2030, according to a new report from Growth Plus Reports.

Factors for the rise in growth include the COVID-19 pandemic and more government programs designed to support the growth of telemedicine, according to the healthcare market researcher. The report predicted a compound annual growth rate of 18.9 percent between 2022 and 2030 in the telemedicine market.

The report singled out telepsychiatry as a market expected to lead the way for growth within the telemedicine sector.

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