Telehealth. It’s no longer just a nice-to-have, but instead a must-have for patients and healthcare professionals alike during these uncertain times the COVID-19 pandemic has brought about. While we all wish that it hadn’t taken a pandemic to propel telehealth forward, for better or for worse, it has. The spotlight is now on telehealth in a big way, and for good reason.
Based on a survey by Sage Growth Partner (SGP) and Black Book Market Research, 25% of consumer respondents had used telehealth prior to the current COVID-19 pandemic. Fifty-nine percent reported they are more likely to use telehealth services now than previously, and 33% would even leave their current physician for a provider who offered telehealth access.
According to a report by Global Market Insights, the telemedicine market is set to be valued at $175.5B by 2026. These numbers certainly indicate the need for telehealth now and in the future.
Lisa Mazur, partner at McDermott Will & Emery specializing in the digital healthcare space, stated, “Telehealth was already experiencing significant momentum and growth prior to this public health emergency, and its continued trajectory has been solidified by the vital role it is playing in care delivery today.”
Here are five reasons why I believe telehealth is here to stay.