Technology is evolving rapidly across all sectors. In the medical care industry, technology has made a huge impact with the introduction of artificial intelligence and advanced mechanics among others. Working on quality existence of patients has generally been the primary focal point of care suppliers and telehealth is one such creative revelation. It permits patients to have an speedy recovery and satisfy the neglected necessities of patients. Telehealth was once thought as a futuristic plan, but now it plays a significant role in the healthcare industry as people all over the world look for quality, comfort, and convenience Fortune Business Insights™ mentions that this industry size was USD 61.40 billion in 2019 and is projected to reach USD 559.52 billion by 2027, exhibiting a CAGR of 25.2% during the forecast period.
Rising Need to Maintain Social Distancing in the midst of COVID-19 will Favor Growth
The flare-up of the COVID-19 pandemic has decreased the demand for clinical gadgets inferable from the rising weight on medical services experts and emergency clinics, as well as diminished clinic visits. Also, a few instances of elective medical procedure have been delayed. This has opened ways to new open doors for these stages and programming arrangements. Consequently, the interest for virtual discussions is expected to flood because of the present situation.
Telehealth Industry Statistics: 2027
There are a few drivers, restrictions and opportunities responsible for molding the telehealth market. A few elements such as increment for maturing populace, ascend in the quantity of chronical infections and shortage of doctors in the United States are right now driving the growth. Notwithstanding, low achievement rate in limiting short term participation and concerns related with the security of the clinical information are hampering the global development. Then again, North American locale is anticipated to overwhelm the market around the world.
Telehealth is Emerging, but will it Make Progress in the Future?
The digital health industry has come a long way and has started to deliver services effectively after years of practice. Artificial intelligence, machine learning, or automation won’t replace the doctor but will act as an assistant for the diagnosis and treatment. Humans still play a crucial role when it comes in terms of taking decisions. AI can help us in reading the enormous data from wearable or patient monitoring devices, but at the end it is a doctor who suggests us what to do next. Machine learning is good, but respect, empathy, and care can only be expected from doctors. Technology has emerged and telehealth is paving its way into the lives of patients as people love quality and convenience. Telehealth is slowly becoming the doorway to the healthcare needs of people and is likely to make enormous progress in the future.
- Millennials to be More Associated with Telehealth
According to the American Medical Association (AMA), from 2014 to 2018 patients aged between 31 and 40 years were primarily adopting telehealth services. Millennials are slowing coming to understand the benefits of telehealth and their appetite for physical consultation is shifting towards virtual care. Considering this, healthcare organizations are planning to train their physicians for telemedicine to provide these services. Owing to the rapidly changing lifestyle, millennials want fast and affordable services which they can easily get by the touch of their fingertips by adopting telehealth apps. A recent research study states that the demand for teletherapy is on the rise as employees are experiencing ‘workplace stress’. The WHO has named this chronic stress as “Burnout” which can affect the employee’s productivity and overall performance. Hence, such patients prefer teletherapy which is an online counselling tool. Patinmest can chat with their doctors through different channels such as email, phone, and video. Adoption of this therapy is helping employees to cope up in the organization.