The global telemedicine market was valued at $14 billion in 2014, but as adoption continues to increase, this value is projected to grow at a compound annual growth rate of 14 percent until 2020.
The global market is expected to hit a $35 billion value by 2020. While North America dominated the market in 2014, the Asia Pacific market is expected to become dominant by 2020. The European, Latin American, Middle Eastern and African markets are also expected to experience significant growth.