An increase in demand for radiological services owing to the high prevalence of chronic diseases such as congestive heart failure, orthopedic injuries, and others are the major factors that propel the growth of the telemedicine market. In addition, a significant increase in government expenditure on the healthcare information (HCIT) sector and a rise in focus of key players toward bringing innovation to digital diagnostics further fuel the market growth. Moreover, continuous advancements in medical diagnostic technologies are expected to provide lucrative opportunities for the growth of the telemedicine market during the forecast years. In addition to that, the widespread presence of cancer, the increasing workload of healthcare providers, and advances in laboratory diagnostic tests drive the growth of the telemedicine market globally. However, the high initial setup cost and error in sampling pathological data would be catastrophic for the global telemedicine market.