Virtual Care Market Report 2025

The virtual care market size has grown exponentially in recent years. It will grow from $14.52 billion in 2024 to $18.64 billion in 2025 at a compound annual growth rate (CAGR) of 28.4%. The growth during the historic period can be credited to the expanding adoption of telemedicine, the increasing prevalence of chronic illnesses, the rising demand from patients for remote care, escalating healthcare expenses, and the growing usage of smartphones and internet connectivity.

The virtual care market size is expected to see exponential growth in the next few years. It will grow to $50.28 billion in 2029 at a compound annual growth rate (CAGR) of 28.2%. The growth during the forecast period can be attributed to the rising demand for accessible healthcare, increased government support and funding, a growing emphasis on patient-centered care, expanding adoption of remote monitoring, and increasing investments in healthcare. Key trends anticipated in the forecast period include progress in digital health platforms, the integration of AI-driven diagnostic tools, technology-enabled remote monitoring, innovations in hybrid care models, and advancements in wearable healthcare devices.

The growing demand for telehealth services is expected to drive the expansion of the virtual care market in the coming years. Telehealth services involve using digital technologies to provide healthcare remotely, allowing patients and healthcare providers to connect virtually for consultations, diagnoses, monitoring, and treatments. This surge in telehealth adoption stems from people seeking quicker, more convenient, and safer ways to access healthcare, including remote consultations and ongoing monitoring without the need for travel. These services support virtual care by improving accessibility, convenience, and continuity while minimizing in-person visits. For example, in February 2023, a report by Rock Health, a U.S.-based venture capital firm, found that 80% of all respondents had used telemedicine services at least once, marking an 8 percentage point increase from 72% in 2021. As a result, the increasing demand for telehealth services is contributing significantly to the growth of the virtual care market.

Leading companies in the virtual care space are focusing on launching innovative solutions such as virtual primary care services to improve care quality, boost patient engagement, and broaden access to healthcare. Virtual primary care involves delivering routine healthcare services remotely - such as wellness check-ups and chronic disease management - via digital tools like video or phone consultations. For instance, in January 2023, CVS Health, a U.S.-based healthcare company, introduced Virtual Primary Care, a digital health platform offering virtual primary care appointments along with 24/7 on-demand healthcare services. This platform facilitates timely access to care and ensures seamless coordination between virtual and in-person services. It is designed to manage a broad spectrum of health conditions, from routine visits to chronic disease care, through digitally connected teams and integrated care services that improve accessibility and care continuity.

In February 2025, Teladoc Health Inc., a U.S.-based provider of telemedicine and virtual healthcare, acquired Catapult Health for $65 million. Through this acquisition, Teladoc Health aims to improve early detection of health issues, expand capabilities in at-home diagnostic testing, and strengthen chronic condition management - supporting better health outcomes and advancing the company’s integrated care strategy. Catapult Health is a U.S.-based provider of virtual preventive care services, primarily working with employers and health plans to deliver accessible healthcare solutions.

Major players in the virtual care market are Medtronic plc, Siemens Healthcare GmbH, Koninklijke Philips N.V., GE Healthcare Limited, Teladoc Health Inc., Comarch S.A., American Well Corporation, MDLive Inc., Doctor on Demand Inc., Talkspace Inc., AMC Health Inc., 98point6 Technologies, Altibbi Inc., GlobalMed Inc., Binah.ai Ltd., InTouch Health Inc., Vivify Health Inc., VSee Lab Inc., Biotricity Inc., eVisit Inc., Aerotel Medical Systems Ltd., and Chiron Health Inc.

North America was the largest region in the virtual care market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in virtual care report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the virtual care market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The virtual care market includes revenues earned by entities by providing services such as remote consultations, chronic disease management, mental health counseling, post-operative follow-ups, and preventive care and wellness support. The market value includes the value of related goods sold by the service provider or included within the service offering. The virtual care market also includes sales of teleconsultation platforms, mobile health apps, patient portals, virtual triage tools, and e-prescription systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sudden escalation of U.S. tariffs and the consequent trade frictions in spring 2025 are severely impacting the healthcare sector, particularly in the supply of critical medical devices, diagnostic equipment, and pharmaceuticals. Hospitals and healthcare providers are facing higher costs for imported surgical instruments, imaging equipment, and consumables such as syringes and catheters, many of which have limited domestic alternatives. These increased costs are straining healthcare budgets, leading some providers to delay equipment upgrades or pass on expenses to patients. Additionally, tariffs on raw materials and components are disrupting the production of essential drugs and devices, causing supply chain bottlenecks. In response, the industry is diversifying sourcing strategies, boosting local manufacturing where possible, and advocating for tariff exemptions on life-saving medical products.

The virtual care market research report is one of a series of new reports that provides virtual care market statistics, including virtual care industry global market size, regional shares, competitors with a virtual care market share, detailed virtual care market segments, market trends and opportunities, and any further data you may need to thrive in the virtual care industry. This virtual care market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Virtual care involves providing healthcare services through remote communication technologies that facilitate interaction between patients and healthcare professionals without the need for physical presence. This method improves access to medical assistance, supports ongoing care management, and enables prompt health interventions by eliminating geographical and logistical challenges.

The primary components of virtual care include hardware, software, and services. In this context, hardware refers to the physical tools used for remote diagnostics, monitoring, and communication in healthcare settings. It includes multiple consultation modes such as video, audio, and messaging, and utilizes technologies like video conferencing, wearable tech, mobile health apps, health information systems, and remote monitoring tools. Virtual care is utilized in several areas, including diagnostics, therapy, monitoring and consultations, preventive care, rehabilitation, and more, catering to diverse end users such as patients, healthcare professionals, governmental bodies, corporate wellness initiatives, and others.

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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