Virtual healthcare market set to grow at CAGR of 49.8% to 2022: 4 points

The U.S. virtual healthcare market is poised to hit $3.5 billion by 2022, based on a Verify Markets report, according to Physician’s Money Digest.

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Here are four points:

1. The virtual healthcare market has the potential to decrease costs by enhancing outcomes.

2. Consumers are increasingly demanding convenience in healthcare, which will also drive the market.

3. The market aligns with coordinated care activities, which will continue to gain prominence in the value-based landscape.

4. Before investing in the market, however, it is important to note that many startups fail and it may be wise to first see if they actually deliver on reducing costs.

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