Contributed by: The Big Fat Whale
The telehealth market is one of the most glaring in terms of growth potential that surfaced during the recent pandemic. It is coming in from a low base initially and with Covid 19 in full force, it has triggered the adoption in huge strides. The regulatory issues were also quickly expedited for a smooth transition as quarantine became a norm for many.
Source: www.grandviewresearch.com
From the estimates by Grandview Research, the total market potential could reach 300 billion dollars in 2028, which gives us a compounded return of 22.4%- it is a good run-way of consistent and viable growth. That is just the North American region.
These estimates are also backed by Mckinsey forecast for a 250 billion dollars telehealth market- a 20% share of the total medical market.
Strong continued uptake, favourable consumer perception, and tangible investment into this space are all contributing to the continued growth of telehealth in 2021. New analysis indicates telehealth use has increased 38X from the pre-COVID-19 baseline.
Source: Mckinsey
Here is the link to the full article:
https://thebigfatwhale.com/the-future-of-medical-care-teladoc/
No comments:
Post a Comment