Motley Fool June 27, 2020
This giant isn’t exactly a sleeping one.
Telehealth’s moment has arrived at long last. The idea of visiting healthcare professionals from the convenience of your home isn’t new. But virtual visits have skyrocketed in 2020 due to the COVID-19 pandemic.
As a result, Teladoc Health (NYSE:TDOC) has been a big winner for investors. Shares of the leading telehealth services provider have soared by more than 130% so far this year to an all-time high. And that was after a 69% gain in 2019.
A recent McKinsey & Company survey found that 76% of consumers who have used telehealth services say they would be likely to do so again. McKinsey projects that the telehealth market could reach $250 billion.
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