Telehealth is quickly disrupting the $11.9 trillion healthcare market, showing no signs of slowing. All as consumers opt to visit with physicians online rather than face to face.
In fact, a recent McKinsey & Co. report says nearly 76% of consumers are moderately or highly interested in telehealth, as compared to just 11% in 2019.
Even more impressive, big investments are just beginning to flood into the sector.
Just over the last few months, Teladoc Health announced it would acquire Livongo Health in a deal valued at $18.5 billion. Johnson & Johnson just invested $47 million in direct-to-consumer telehealth company Thirty Madison. Humana just invested $100 million into telehealth startup, Heal. Telemedicine provider Ro just raised $200 million, and has already grown to five million patient-physician interactions.
In addition, according to a report from Frost & Sullivan, the telehealth industry could grow sevenfold by 2025.
