Why Has Telemedicine Become Significant during COVID-19 Pandemic?

 The healthcare industry has come a long way from accounting for 8.618% of the total spending, as a percentage of the worldwide GDP, in 2000, to accounting for 9.884% of the global spending in 2017, as per the World Bank. 

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Additionally, the prevalence of chronic diseases is increasing due to environmental factors, tobacco and alcohol abuse, genetics, and oxidative stress. The management of these issues involves a lifelong regimen of intense patient monitoring, medication intake, doctor checkups, lab and radiological tests, and other medical interventions. With the use of connected devices, telemedicine allows for continuous monitoring of patients from their home and transfer of the data directly to the doctor via the internet. This allows doctors to schedule the really important doctor visits, adjust medical schedules, recommend medical testing or surgery, and consult with patients in general.

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The largest telemedicine market during 2014–2019 was North America, and the situation will remain unchanged in the next decade. The region accounts for a high incidence of chronic diseases, especially diabetes, cancer, and cardiovascular diseases. Moreover, the disposable income of people here is high, which is why they can afford connected monitoring equipment. In the coming years, the demand for telemedicine solutions is predicted to rise the fastest in Asia-Pacific (APAC), as it is home to a large geriatric population, which is at a significant risk of chronic diseases.

Thus, as the need for remote monitoring, comfort, convenience, and lower healthcare spending increases, so would the adoption of the telemedicine approach for personal health and wellbeing.


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