What is the future of the Telehealth market?

For years the largest barrier to telehealth were laws that prevented healthcare providers from either using telehealth services or greatly limited what they could do with it. One of the few silver linings to COVID-19 has been the relaxation of these regulations. 

Though telehealth still faces obstacles to complete and long-lasting adoption, the successful results over the last few months have more than convinced legislators, providers and patients that there is no going back to the healthcare of the past. The future of the telehealth market is extremely bright. 

As we look into the near-future of the telehealth market, here are few things that will shape how most people worldwide will receive healthcare: 

• Strengthened physician-patient relationships– it may seem a little counter-intuitive that not seeing your doctor in person can actually benefit the relationship. However, there has been a distinct trend that technology improves the relationship because of the increased number of contact it facilitates between patient and physician while at the same time, creating better patient outcomes through better adherence to physician recommendations. 

• Telemedicine continued to be used to reduce infectious diseases– This alone has given telehealth the strong foothold it now has. As we move into a post-COVID-19 world, the concern over infectious diseases will remain. From the common cold to more serious illnesses, telemedicine allows providers to facilitate care while patients stay safely at home. 

• The introduction of new technologies: It’s hard for even professionals to fully picture what healthcare will look like in 5-10 years. Telehealth will disrupt thousands of years of traditional medical practice and involve adopting new technologies like AI, machine learning, remote patient monitoring devices, sensors, and more that will streamline evaluation, care, observation, and follow up. 

The telehealth market is booming with analysts predicting it will grow into a $250 billion industry within the next few years. As new technologies, services, and platforms emerge, now’s the time for both new and established healthcare players to start positioning themselves for the telehealth-driven future. 

Discover more about telehealth and the future of medicine in industry trend report, where healthcare experts dive into the 12 keys to successful telehealth product development. Star is committed to helping healthcare providers and industry developers build human-centric and data-driven telehealth solutions that work. With over 10 years of experience bringing telehealth and relevant cross-sector products to market, we’re always ready to turn new ideas into practical solutions.

Telehealth is the future of medicine, especially as new connectivity technologies like 5G, satellite internet and WiFi 6 continue to facilitate internet access around the world. 

There are simply too many benefits to telehealth for us to turn back the clock now. And wouldn’t you really want to anyway? Remember that means reduced access to care, higher costs for everyone and back to the old days of having to sit around the doctor’s office for hours.