U.S. Virtual Care Market size is expected to reach USD 46.3 billion by 2030
U.S. Virtual Care Industry Overview The U.S. virtual care market size was valued at USD 4.2 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 30.75% from 2022 to 2030. Continuous development of advanced technologies, rising patient demand, and regulatory reforms are primary factors driving the market growth. According to the Association of American Medical Colleges, there will be a shortage of about 124,000 and 37,800 specialty and primary care physicians by 2034. The anticipated physician shortage in the U.S. is poised to surge the market growth in the coming years. The U.S. government is making massive investments in digital health and boosting healthcare IT adoption, which is expected to stimulate market expansion. For instance, in February of 2021, the United States Department of Agriculture (USDA) spent USD 42 million on telemedicine infrastructure and remote learning to improve health outcomes and education. T...