One of the fastest growing opportunities for supplemental income for physicians will be in telemedicine. This will include tele-consulting and telephone opportunities.

The U.S. Telemedicine Market is expected to cross USD 64 billion by 2025; according to a new research report by Global Market Insights, Inc. Increasing prevalence of chronic diseases is one of the major factors that has created the need to adopt telemedicine services and provide greater home supervision. Growing number of patients suffering from chronic diseases such as cancer, diabetes and heart disorders will drive the demand for telemedicine services in the U.S. Moreover, rising adoption of sedentary lifestyle and unhealthy habits such as tobacco smoking and alcohol consumption is one of the major factors contributing to increasing prevalence of chronic diseases.

There has been a tremendous rise in the use of smartphones by physicians in the U.S. leading to growth of telemedicine practice. Moreover, increasing awareness among the population about various mobile health applications to regularly keep a check on their physical activities will further augment industry growth. Also, increasing government initiatives to expand access to digital healthcare services is another chief factor boosting sales across the U.S. Rising number of federal agencies are also focused on reforming existing telemedicine policy to expand access to standard care.

For additional information, see the 9/26/2019 article U.S. Telemedicine to Hit $64 Billion by 2025 by Global Insights Inc.