Telehealth and telemedicine market to hit $180.86b by 2030

Its growth is attributed to the growing geriatric and medically underserved populations.

The telehealth and telemedicine market is forecasted to reach $180.86b by 2030 at a compound annual growth rate of 11.5%, according to MarketsandMarkets.

The sector’s expansion is attributed to the growing geriatric and medically underserved populations, and an increasing prevalence of chronic conditions.

Moreover, developments in telecommunication technologies and the expansion of remote patient monitoring systems are further fueling the market.

However, regulatory variations, rising fraud and abuse in healthcare, and behavioural reluctance to adopt new technologies are expected to restrain market growth during the forecast period.