TelehealthMarket, By Component Type (Hardware, Software, Services), By Mode ofDelivery (Web Based, On-Premise, Cloud Based), By End-user (TelehealthProviders, Patients) - Global Industry Insights, Trends, Outlook, andOpportunity Analysis, 2018-2026
According to the 2017 U.S.Telemedicine Industry Benchmark Survey conducted among healthcare executives,physicians, nurses, and other healthcare professionals throughout the U.S., itwas observed that over half of survey participants noted telemedicine as a toppriority or high priority service in their respective organizations. Moreover,study findings also show that telemedicine continues to evolve from a specialtyservice to a mainstream service. Telehealth is a telecommunication technology,which is also referred to as e-Health or telemedicine. It enables healthcareprofessionals to evaluate, diagnose, and treat patients in remote locations.According to the 2016 E-health and Telemedicine report by the U.S. Departmentof Health and Human Services, it revealed that 59 million Americans are livingin Health Professional Shortage Area (HPSAs)-rural and urban areas with shortagesof primary care providers.
Telehealth helps in improvingrelationship between patients and healthcare provider for enhanced patient careand satisfaction. Telehealth provides medical expertise in quick and convenientmanner, and at reduced cost. Using telehealth, healthcare professionals canadvise patients at their homes and workplaces. Physicians can also treat theirpatients from hospitals, medical facilities or from other places of workincluding their own homes or even during vacation as long as they are connectedthrough the Internet.
* The sample copy includes: Report Summary, Table ofContents, Segmentation, Competitive Landscape, Report Structure, Methodology.
Request a sample copyof this report: https://www.coherentmarketinsights.com/insight/request-sample/1020
Increasing number of geriatricpopulation, higher incidences of non-communicable disease such ascardiovascular disease, metabolic disorders, Alzheimer’s disease, cancer,diabetics, and other mental health problems which require prolonged treatmentwould aid in growth of the telehealth market in near future. The nature of mostnon-communicable disease (NCDs) requires well-integrated healthcare system totreat chronic healthcare conditions. Moreover the challenges faced to meetrequired healthcare professionals, financial and infrastructure resourcesfurther can be addressed effectively through telehealth market. The 2016Physician Supply and Demand Report, released by Association of American MedicalCollege (AAMC), projects the significant physician shortfall in the U.S. between2014 and 2025, in the range of 61,700 to 94,700.
Increasing prevalence of chronicdisease with rising healthcare expenditures and high adoption of health ITinfrastructure to support telehealth initiatives are also expected to furtherboost growth of the telehealth market. Veterans Health Administration (VHA) -the largest integrated health care system in the U.S. uses multiple types oftelehealth interventions, which provides both routine and targeted caremanagement services. The 2017 finding from Centers for Medicare and MedicaidServices (CMS), stated that telehealth and telemedicine payments increased by28% and claims increased by 33% in 2016, over the year 2015.
However, lack of trainedprofessionals in remote areas, privacy and information security concerns, andlow availability of telecommunication bandwidth are the major factors adverselyaffecting growth of the telehealth market.
According to the 2016 BroadbandProgress Report from Federal Communications Commission, around 40% of ruralAmericans still lack access to broadband Internet. Furthermore, according tothe 5G Readiness Survey 2017, by Ericsson AB, 78% respondents of IT decisionmakers from all major verticals including healthcare have accelerated theirplans to incorporate 5G into their IT infrastructure.
Browse ResearchReport: https://www.coherentmarketinsights.com/ongoing-insight/telehealth-market-1020
Increased adaptation oftelehealth will significantly decrease the dependency on hospitals, and enableaccessibility to proper healthcare services from home. A report published inMarch 2017, by NTCA-The Rural Broadband Association stated that, telemedicinecould save thousand dollars per year in healthcare and community costs,thereby, reducing significant cost spent on transportation, medical facility,labor wages, and lab cost.
Government initiatives aid inboosting growth of the telehealth market
The new CONNECT (CreatingOpportunities Now for Necessary and Effective Care Technologies) for HealthAct, introduced in June 2017, will promote cost savings and improve qualitycare in Medicare through telehealth and remote patient monitoring, in the U.S.The new act will provide efficient healthcare services to Medicarebeneficiaries through telemedicine and remote patient monitoring (RPM). Inaddition, the act permits the use of remote patient monitoring for patientssuffering with chronic conditions. In 2017, Southwest Telehealth ResourceCenter (SWTRC), received US$ 975,000 cooperative agreement grant from theFederal Office for the Advancement of Telehealth (OAT). Such grants will helpin adoption of telehealth programs in hospitals, clinic, and public healthoffices in the underserved areas in the U.S.
Key players in the telehealthmarket
Some of the key players operatingin the telehealth market include Koninklijke Philips N.V., Medtronic plc,Tunstall Healthcare Group Ltd, McKesson Corporation, Medvivo Group Ltd., AMDGlobal Telemedicine, Inc., Vidyo, Inc., Cisco Systems, Inc., Care Innovations,LLC, Honeywell Life Care Solutions, and General Electric Company.
Buy-Now this researchreport: https://www.coherentmarketinsights.com/insight/buy-now/1020
AboutCoherent Market Insights:
CoherentMarket Insights is a prominent market research and consulting firm offeringaction-ready syndicated research reports, custom market analysis, consultingservices, and competitive analysis through various recommendations related toemerging market trends, technologies, and potential absolute dollaropportunity.
ContactUs:
mailto:sales@coherentmarketinsights.com
U.S.Office:
Name: Mr. Shah
CoherentMarket Insights 1001 4th Ave,
# 3200Seattle, WA 98154, U.S.
US : +1-206-701-6702
UK : +44-020-8133-4027
JAPAN: +050-5539-1737
