The global telemedicine market is expected to grow significantly from USD 22.94 billion in 2017 to USD 63.06 billion in 2024, at a CAGR of 15.6% from 2018 to 2024. Factors such as shortage of specialist physicians in rural areas, and growing aging population coupled with high prevalence of chronic diseases are propelling the growth of the global telemedicine market. Moreover, increasing investment for advanced healthcare IT infrastructure and government initiative towards healthcare are boosting the growth of the telemedicine market. However, lack of trained professionals, and high technological cost are inhibiting the growth of the global telemedicine market.
