Telemedicine Market to Witness Robust Expansion Throughout the Forecast Period 2018-2026
Telemedicine
involves the use of information technology and
telecommunication for the delivery of healthcare services such as
health assessments or consultations over the telecommunications
infrastructure. It helps the healthcare professional to diagnose,
evaluate and treat patients without the need for an in-person visit
and are also very useful to save lives at time of critical care and
emergency situations. Telemedicine is of great help for distant rural
areas as they help in overcoming the distance barriers to avail
medical services at the time of requirement. Telemedicine enables the
doctors to be connected through a variety of electronic means,
including video conferencing, email and electronic messaging
platforms. This reduces the overall cost of medical care for patients
and increase healthcare accessibility.
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Seeing the potential that the telemedicine
provides, the World Health Organization (WHO) established global
observatory for eHealth (GOe) to analyze the benefits that
information and communication technologies can bring to healthcare
supporting patient’s wellbeing. In 2009, the global observatory was
assigned to determine the status of telemedicine at the national,
regional and global level. The survey examined the four fields of
telemedicine which includes telepathology, teledermatogy,
telepsychology and teleradiology along with four mechanisms that will
help in the development of telemedicine across all nations.
The conventional form of telemedicine that
involved the use of telephone and radio have improved by the
involvement of videotelephony, advanced diagnostic methods supported
by various applications and tele medical devices to support in-home
care.
More
than 15 million Americans received medical care through telemedicine
in 2016, according to American Telemedicine Association (ATA). This
number is expected to grow further by 30% in 2017. Alongside ATA also
issued several acts such as CHRONIC Care Act and CONNECT for Health
Act in 2017 to support the growth of telemedicine across all nations.
The Assembly Health Committee of New Jersey recently in 2017 legally
defined the practice of telemedicine, user eligible for it and
technology that can be used. This is expected to boost the
telemedicine market in the region significantly during the forecast
period. Another development in North Carolina allows professionals to
video monitor and collect data on every far flung ICU patient through
TeleICU. Furthermore, telemedicine developments are also observed in
Latin America. The Government of Paraiba, Brazil introduced a
telemedicine project for remote screening of hearth defects in
children in 2015.
Alongside there are various medical policies
available that support the telemedicine services. For instance, the
Congressional Budget Office (CBO) expanded its Medicare coverage for
services like consultation, individual psychotherapy and
pharmacologic management on 18th May 2017.
Telemedicine market taxonomy:
On the basis of services provided, the
telemedicine market is classified into:
-
Tele-monitoring
-
Tele-education
-
Tele-consultation
-
Tele-training
-
Tele-care
-
Tele-surgery
On the basis of application, the
telemedicine market is classified into:
-
Neurology
-
Orthopedics
-
Emergency care
-
Cardiology
-
Dermatology
-
Internal medicine
-
Others
On the basis of end user, the telemedicine
market is classified into:
-
Hospitals
-
Clinics
-
Others
Market Key Players Include:
Key players in
telemedicine market are Siemens Healthcare, McKesson, Cardio Net
Inc., Cerner, IBM Corporation, Medtronic, Inc, Philips Healthcare
Honeywell Life Care Solutions, GE Healthcare, AMD Telemedicine and
Cisco Systems.
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