3 Leading Telehealth Stocks to Buy in 2021 and Beyond
The pandemic gave a boost to a trend that was already growing -- telehealth. Before the pandemic, telehealth was often seen by companies as a convenient option to save money on insurance costs, but during the pandemic, it became a necessity. Going forward, consumers, having seen how easy telehealth services can be for prescription refills, mental wellness, and other areas, are going to expect telehealth options.
One report by Fatpos Global puts the compound annual growth rate (CAGR) for telehealth at 37.8% from 2021 to 2030, growing from a market of $37.69 billion in 2020 to $930.31 billion by 2030. Three telehealth stocks that will benefit from the trend this year and beyond are Humana (NYSE: HUM), Doximity (NYSE: DOCS), and CVS Health (NYSE: CVS).
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Source Fool.com