The telemedicine market is currently experiencing rapid growth, reflected in the increasing revenues and profits of the companies involved. By 2025, the market is expected to reach a volume of approximately 112 billion US dollars and to continue to grow until 2032.
Overview of Profitable Stocks
Doximity
Doximity’s revenues are growing rapidly and with high profitability. The company is a key player in the field of telemedicine and offers platforms for medical professionals.
Hims & Hers Health
Hims & Hers operates a telemedicine platform connecting consumers with licensed medical professionals. They offer consultations, prescription issuance, and ongoing care. Additionally, the company sells health and wellness products. Through the acquisition of the European platform Zava, Hims & Hers is expanding into Europe and gaining 1.3 million new users.
Veeva Systems
Veeva Systems is a cloud software company specializing in applications for the pharmaceutical and life sciences industry. It offers platforms that enable the integration of telemedicine into the processes of pharmaceutical companies and research institutions. Veeva Systems is highly profitable and growing at a rapid rate.
Teladoc Health
Teladoc Health is a leading provider of telemedicine services, offering a wide range of virtual health services. The company has further expanded through strategic acquisitions and partnerships.
American Well
American Well, also known as Amwell, provides a platform for telemedicine services that allows patients to connect with medical professionals. The company has established itself further through partnerships with health organizations.
1Life Healthcare
1Life Healthcare, known for its brand One Medical, offers members access to virtual and in-person health services. The company has made a name for itself with its innovative approach to healthcare.
Optum (UnitedHealth Group)
Optum, a part of UnitedHealth Group, offers a variety of health services, including telemedicine. The company utilizes its extensive resources to expand access to virtual health services.
These companies are capitalizing on the telemedicine trend to consistently generate increasing profits, making them appealing options for private investors and retail investors.