According to the statistics, the global telehealth market is expected to grow from $25.4 billion in 2020 to $55.6 billion by 2025. The projected CAGR of telehealth is also expected to be at least 30% for the next five years. Technology in general and the internet, in particular, are revolutionizing the healthcare industry. This blogpost will share everything you need to know about telehealth services.
Why Do We Need Online Medical Services?
Despite spending twice as much as other developed countries, U.S has one of the worst healthcare systems. We have an aging population with declining life expectancy and increasing chronic illnesses. The data reveals that 25% of Americans are unable to afford even the most basic healthcare services. Partly, the heavy cost associated with running a hospital is responsible for this.
The operational costs of telehealth platforms are much less than hospitals and healthcare centers. Online medical services can help reduce the cost of many administrative tasks and make healthcare much more accessible. With the increase in the number of doctors offering virtual appointments, even those in rural areas with no nearby hospitals can get timely medical advice and care without any hassle.
What Are Online Medical Services?
As most people call it, online medical services, or the telehealth industry, allow doctors and patients to connect remotely. Other than that, there are many medical stores as well that can deliver the necessary medications to a patient’s doorstep. There are many different monitoring tools as well that allow doctors to carefully examine their patients during a virtual appointment.
How Does it Work?
Online medical services are simple, and anyone can benefit from them. People just have to provide their details and concerns, and soon the telehealth companies connect them to a suitable doctor via a video or phone call. Such virtual appointments are ideal for routine checkups and follow-up meetings.
With the increasing demand for telehealth services, companies are also using AI technology and IT tools to aid virtual diagnosis and monitoring. Most virtual monitoring devices use biosensors to track different health parameters and provide doctors essential details of a patient. Some common devices include Continuous Glucose Monitors (CGM), Ingestible sensors, Depression and mood monitors, and many more.
At GetCareMD, we offer fast, safe and affordable virtual consultation appointments with the most suitable and experienced doctors. We also offer medications and other medical equipment delivered to your doorstep. Get in touch with us to learn more.
