![]() ( Rock Health)ĭeals are getting larger, with an average deal size of $30.2 million in 2020, up from $19.7 million in 2019 - a whopping 53% increase. That’s a 46% investment increase over the previous record of $8.2 billion for 2018. Investors poured $9.4 billion into digital health startups through Q3 of 2020, with an estimated $12 billion in total investment by the end of the year. The financial value of telemedicine visits is expected to reach at least $29.3 billion in 2020 and experts project that it will hit $106 billion by 2023. Telemedicine is now big business, and investments surged in 2020 with stunning deal sizes, record-breaking investments, and companies outside of healthcare getting into the game. Use declined to 26.7% by October - still well above the 0.4% reported in 2019. Telehealth use by rural health centers increased during the pandemic, peaking at 54% in the last week of April. medical visits are expected to be conducted virtually this year. ( McKinsey)Ĥ8% of physicians now say they are treating patients via telemedicine. ( CDC)Ĥ6% of patients now say they use telehealth for some visits, compared to 11% in 2019. Telehealth visits were up 154% in the last week of March 2020 compared with the same period the previous year. While virtual visits have since declined, they are still up significantly over 2019 and are expected to remain at a much higher utilization than pre-pandemic rates. ![]() Telemedicine use increased sharply in the first weeks of the pandemic. To illustrate how the landscape has evolved this year, we collected a selection of the most powerful statistics showcasing telehealth trends in 2020. Every area of the telehealth industry has been affected by this change: from physician adoption, to patient attitudes and satisfaction, to investment in telehealth platforms. The year 2020 has been transformative for telemedicine, with the COVID-19 pandemic fueling a rapid shift in how people access healthcare. Here we take a look at the virtual care trends, telehealth investment statistics, telehealth adoption rates, telemedicine satisfaction, telehealth technology usage, and barriers to access that have shaped this unprecedented year. ![]() The business of telehealth exploded in 2020.
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