A strong uptake and positive customer perception have together contributed to the rise of telehealth apps across the globe. There are several analyses that indicate how in 2021, the global telehealth market size was risen at a 26.5% CAGR and is stipulated to reach USD 475.50 billion by 2026.
This change from physical doctor visits to accessing medical care online, while borne out of necessity created by the pandemic, has today firmed its ground at the back of these elements –
- Greater consumer willingness to use telemedicine apps
- Increased willingness of doctors and healthcare providers to use telehealth apps
- Regulatory changes enabling access and reimbursement of telemedicine mobile apps
While on one hand, tele-healthcare mobile app developers have been playing a major role in making care accessible and affordable for the consumers, the industry also shows potential for the entrepreneurs looking to enter the space.
As per the rock health digital health funding report, the venture capital investment in the digital health space in the H1 of 2021 counted for $14.7 billion, which is almost twice the investments made in 2019 – $7.7 billion. Moreover, the revenue of top 60 telehealth mobile apps stood at $5.5 billion near the end of 2020.
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