The telehealth industry has been growing at an accelerated rate since the onset of the COVID-19 pandemic because people have preferred to get medical health checkups virtually to prevent the transmission of the virus. As a result, telehealth stocks peaked in 2020.
However, investor interest in the telehealth industry seems to be ebbing. With 64% of the U.S. population fully vaccinated, Americans are venturing outdoors and are returning to visiting their doctors personally. According to Christina Farr, a venture capitalist at OMERS Ventures, “The bigger macro trend here is that telehealth is starting to see some declines from the peak during the pandemic where we didn’t have much choice other than to see our providers virtually.”
