The telemedicine market is currently experiencing rapid growth, driven by the increasing demand for remote treatments and the integration of technologies into healthcare. According to forecasts by Fortune Business Insights, the telemedicine market is expected to reach a volume of approximately 112 billion USD by 2025 and continue to grow until 2032.
Profitable Stocks Benefiting from the Telemedicine Trend
1. Doximity
Doximity is a leading company in the field of telemedicine, providing a platform for medical professionals to offer digital services. The company’s revenues are growing rapidly, and it shows high profitability. Doximity benefits from the increasing demand for digital health services and has established itself as an important player in the telemedicine market.
2. Hims & Hers Health
Hims & Hers operates a telemedicine platform that connects consumers with licensed medical professionals. The company offers consultations, prescription issuance, and ongoing care. By acquiring the European telemedicine platform Zava, Hims & Hers is expanding into Europe and gaining 1.3 million new users.
3. Veeva Systems
Veeva Systems is a cloud software company that specializes in applications for the pharmaceutical and life sciences industries. It offers platforms that enable the integration of telemedicine into the processes of pharmaceutical companies and research institutions.
4. Teladoc Health
Teladoc Health is a leading provider of telemedicine services and offers a wide range of virtual health services. The company has established itself through its comprehensive services and partnerships with health organizations.
5. American Well
American Well, also known as Amwell, offers a telemedicine services platform that enables patients to connect with medical professionals.
6. 1Life Healthcare
1Life Healthcare, known as One Medical, offers a membership-based health platform that includes both physical and virtual health services.
7. Optum
Optum is part of UnitedHealth Group and offers a wide range of health services enhanced by telemedicine technologies.