Global Telehealth Market to Reach $723.3 Billion by 2030
The global market for Telehealth estimated at US$166 Billion in the year 2023, is expected to reach US$723.3 Billion by 2030, growing at a CAGR of 23.4% over the period 2023-2030. Telehealth Software & Services, one of the segments analyzed in the report, is expected to record 21.8% CAGR and reach US$462.8 Billion by the end of the analysis period. Growth in the Telehealth Hardware segment is estimated at 26.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $52.9 Billion, While China is Forecast to Grow at 22.8% CAGR
The Telehealth market in the U.S. is estimated at US$52.9 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$124.6 Billion by the year 2030 trailing a CAGR of 22.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.1% and 19.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 16.1% CAGR.
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