Overview of the Market
In 2020, the Telehealth Market was worth around USD 38,289 million, and by 2026, it is predicted to be worth USD 168,396 million, with a CAGR of 28% over the forecast period of 2021-2026.
During the COVID-19 pandemic, telehealth has become a critical component of healthcare. During the SARS-CoV-2 pandemic, physical separation was implemented to prevent the transmission of coronavirus disease, according to a study published in JCO Global Oncology-An American Society of Clinical Oncology Journal in 2020. As a result, telemedicine is now used for the majority of outpatient oncology appointments.
Despite the fact that telemedicine services were integrated into most healthcare systems prior to the outbreak, they were only widely used during the COVID-19 crisis, which can be attributed to a lack of in-person visits as well as travel limitations and restrictions, which encouraged clinicians to adapt to telemedicine-based consultations even more during the COVID-19. As a result, the COVID-19 problem is projected to have a major positive impact on the worldwide Telehealth Market.
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