Telemedicine boom sparked by global lockdown 'here to stay'

Market innovation to continue

The boom in telemedicine caused by the Covid-19 lockdown will continue when restrictions are fully lifted giving investors access to a multi-billion dollar growth market, according to research from ROBO Global.

The index, advisory, and research company said telemedicine - where technology such as video calling, text or telephone is used instead of making a visit to a GP practice or hospital - was a fast-growing market worth billions of dollars. It said significant subsections included chronic condition management and mental health, which it added could be worth up to $20bn. It added, more surprisingly, use among the elderly was also another large potential growth market. ROBO Global launched the index for the Global Healthcare Technology and Innovation ETF HTEC, which gives investors exposur...