The telemedicine market was previously valued at $60.9 billion in 2021. This surge over the next decade is expected due to the increasing demand of telehealth services, fueled by its cost benefits and the growing prevalence of chronic illnesses.
The market report also considers restraints to the growing industry, including healthcare fraud. Fraudulent telehealth activities by providers could have a potential negative impact on the market’s credibility, the report said.
