As the COVID-19 pandemic accelerated telehealth adoption, many patients and providers supported the remote-friendly technology. While the big spikes of usage may slow, adoption is still far ahead from where it was pre-pandemic, and we expect that to remain. In fact, the global telehealth market is projected to reach $559.52 billion by 2027, and estimates indicate that up to $250 billion of the current U.S. healthcare spend could potentially be virtualized. Organizations were forced to
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COVID-19 and Its Global Impact on Primary Care Virtual Consultations
Last week saw Teladoc Health release its 1Q20 financial results giving the US telehealth industry a first glimpse of how COVID-19 is impacting the ambulatory virtual care market. Discussion around the crisis and its impact on telehealth has been rife since early March and the data published by Teladoc Health highlights that this was justified. The company reported that the number of virtual care consults in the quarter had passed the 2 million mark, up approximately 60% from the 1.24M
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Global Telehealth Market Set to Double in 5 Years
The global telehealth market is set to nearly double in next 5 years due to the demand for high-quality healthcare and remote patient monitoring, according to a new report by ReportsnReports.com. Analysts forcecasts the telehealth market togrow at a CAGR of 18.88 percent over the period 2014-2019.
Enhancing Mobile Health Reach
While all major players in the market are focusing on R&D to launch innovative products and services, there is also a sense of urgency among vendors regarding the
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