High Demand for Telemedicine Technologies

The use of telemedicine as a tool was designed to cut healthcare costs. The new U.S. healthcare law had increase the number of people with health insurance who seek medical services to intensify a global focus on the use of telemedicine.

In October 9, 2014 BCC had publish research report Global Markets for Telemedicine Technologies which includes data from 2012 and 2013, estimates for 2014, and projections of CAGRs through 2019 and provides an overview of the global telehospital/clinic and telehome technologies. According to this report, the telehospital/clinic and telehome markets as the components of telemedicine market is expected to grow to $43.4 billion by 2019 with the dominant of telehome component.

The telehome market is the largest and fastest growing component of the telemedicine market. It has brought $6.5 billion in 2013 and is forecast to jump to nearly $24 billion in 2019. The telehome market provides teleservices to the outpatient. It is expected that it will increase to 55% by 2019.

The telehospital/clinic market branch includes the services between hospitals, clinics or other healthcare providers. In 2019 it may reach $19.5 billion and register a CAGR of 12%.

Andrew McWilliams, BCC Research healthcare analyst has stated that soon telemedicine technologies will offer one of the few ways of enabling healthcare personnel to meet the increased demand for healthcare services without unacceptable delays. On his opinion the growing adoption of telemedicine services will significantly impact healthcare, health insurance, home care, telecommunications, networking, disease management, e-health, and healthcare IT.