The telehealth market is projected to grow from USD 101.17 billion in 2023 to USD 577.27 billion by 2031, achieving a CAGR of 24.32%. This growth is fueled by increased digital health adoption, technological advancements, and significant investments, including a $2.37 billion funding initiative in the UK for enhancing telehealth services. Major tech companies like Amazon, Apple, and Google are entering the space, driving innovation in virtual care and AI-driven healthcare solutions.
The telehealth market is projected to grow from USD 101.17 billion in 2023 to USD 577.27 billion by 2031, achieving a CAGR of 24.32%. This growth is fueled by increased digital health adoption, technological advancements, and significant investments, particularly following the COVID-19 pandemic. Major tech companies are entering the space, enhancing services with AI and cloud solutions, while initiatives like virtual care management aim to improve patient access and reduce healthcare costs.
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