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Are telemedicine stocks here to stay, or going away?
Telemedicine experienced strong growth leading up to 2020. Covid-19 gave the sector afterburners. Telemedicine companies saw their stock price multiply many times over from the start of the pandemic.
Now vaccines are rolling out and restrictions are being lifted. It’s worth asking if telemedicine companies will continue to grow at the same pace, or if it’s a bubble about to pop.
I think it’s a mix of both. Let me explain why.
Prior to the pandemic, the global telehealth market was already growing 19% on a year-on-year basis. Forecasts expected growth to be even faster in the years to come. The estimated virtual care market in the US alone is $250 …... Keep reading