Health Information Exchange Featured Article

December 21, 2012

Telehealth Servers and Equipment Market Will Continue to Surge, Predicts GII

The increasing cost of healthcare delivery is a concern worldwide. But telemedicine solutions can significantly reduce the costs of care delivery while improving the quality of care for the patients. The telehealth solutions comprising of several telemonitoring servers and equipment have been successfully used by the veteran's administration in the US and by CMS Medicare and Medicaid. A wide variety of care delivery organizations are expected to adopt these installed systems in the upcoming years.

The research and market intelligence firm Global Information Inc. (GII) has come up with a research report that predicts that the $2.5 billion markets for Telehealth servers and equipment are expected to experience substantial growth in the upcoming years.

Tele-monitoring is aimed at improving patient compliance with standards of care known to support improved outcomes for patients with chronic conditions. In addition to Tele-monitoring, there are few more ways of achieving improved patient compliance.

In its recent researches, GII analysts pointed out that new technological innovations, cost reductions, and changing consumer attitudes toward mobile health will provide tremendous boost to telemedicine, teleradiology, and telemonitoring markets in coming years. Telemedicine systems servers market, which represents a new way to steer patients with a particular clinician to those most expert in treating that particular condition, is predicted to experience the maximum growth in particular.

The report, entitled “Tele-Health Carts, Servers, and Monitoring Market Shares, Strategy, and Forecasts, Worldwide, 2012 to 2018,” predicts that the global market for telehealth carts and servers will reach $1.4 billion by 2018.

Tele-health equipment shipments are anticipated to grow rapidly worldwide as efficiencies of scale are realized for monitoring and treating people with chronic conditions in a more standardized manner that addresses the particular combinations and clusters of conditions any one patient presents.

In a report entitled, “Telemedicine Monitoring: Market Shares, Strategies, and Forecasts, Worldwide, 2012 to 2018,” analysts said tablets like Apple's iPad are poised to change telemedicine and telemedicine-dedicated device and software markets are anticipated to reach $2.5 billion by 2018. This telemedicine market research report from Wintergreen Research explores how this discipline creates revenue opportunities for the telemedicine device and software companies. Just as cell phones are paid for in conjunction with services contracts, so also the telemedicine applications will be paid by insurance. In some cases the insurance companies recognize that their long term costs are lower by delivering clinical intervention to try to impact lifestyle for patients with chronic disease conditions.

Telemedicine helps substantially reduce costs of hospitalizations and visits to the emergency room for the patients with chronic conditions. The ability to accurately access patient condition via a combination of advanced testing and telemonitoring creates the opportunity to intervene at the right time.

The telehealth enthusiasts and stake holders can gain further indutry insight by participating in The World Congress Telehealth Executive Summit, to be held next month in San Diego, California.

The Telehealth Executive Summit will feature insightful discussions on virtual care models across a variety of specialties including diabetes management, tele-ICUs, ocular, pediatrics, and telemental health.

Topics to be addressed include: incentives and reimbursement models to support telehealth programs; the impact of the Affordable Care Act and SCOTUS decision on the future of telemedicine; legal and regulatory barriers such as state licensing and credentialing; specialty telehealth initiatives to create an enterprise wide strategy; ROI and improve outcomes from evidence based case studies; re-admissions and keep patients in their homes using remote monitoring technologies; advantages and disadvantages of different vendors and communication channels; disparate data sources to achieve interoperability; and more.

Recently released a new market research report entitled, “Emerging Diagnostic Technologies in the Changing U.S.” The overall goal of this study was to provide the reader with an up-to-date understanding of the emerging diagnostic technologies that will influence the future size and structure of the market for medical diagnostics. Specific objectives include the following: Identifying the new diagnostic technologies with the greatest potential to influence the diagnostic market in the near to mid-term (2012 to 2017).Analyzing the key drivers and constraints that will shape the market for these technologies over the next five years. Estimating the current and future demand for each of these technologies through 2017.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO Miami 2013, Jan 29- Feb. 1 in Miami, Florida.  Stay in touch with everything happening at ITEXPO. Follow us on Twitter.

Edited by Rich Steeves