Telehealth to hit $198.9b fuelled by ageing, underserved groups

Asia Pacific is projected to register the highest CAGR.

The telehealth and telemedicine market is projected to reach $198.9b by 2031, driven by the growing number of geriatric and medically underserved populations, according to a MarketsandMarkets report. 

The increasing prevalence of chronic diseases, healthcare worker shortages, technological advancements, and the expansion of remote patient monitoring (RPM) systems are also driving market growth.

By end user, the healthcare providers segment accounted for the largest share of the telehealth and telemedicine market in 2025.

The report noted that hospitals, clinics, and physician groups are increasingly integrating telemedicine into routine healthcare services.

By function, the RPM segment is expected to be the fastest-growing due to chronic diseases needing continuous monitoring and management.

Asia Pacific is projected to register the highest compound annual growth rate during the forecast period, driven by increasing healthcare needs and rapid digital transformation.

The region's large and growing population, particularly in India, China, and Japan, creates significant demand for the market.