Global Telehealth Market

Telehealth Market – Industry Analysis and Forecast (2017-2024) _ by Component (Software, Hardware and Services), by Mode of Delivery (Web-based, Cloud-Based and On-Premises), by End User and by Geography.

Telehealth enhances patient care and satisfaction by improving relationship between patients and healthcare provider. Telehealth provides physician’s ability to treat their patients from medical facilities, hospitals, or from other places of work including their own homes or even during vacation as long as they are connected through the Internet. Telehealth is a tool to manage health education services, doctor-patient consultations, enabling medical practitioners to evaluate and diagnose patients, monitoring of vital signs in their medical facilities.

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It is expected to grow from USD 3.0 Billion in 2016 to USD 16.23 Billion by 2024, at a CAGR of 23.5% between 2017 and 2024.

Report includes assessment of market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the component, mode of delivery, end user, and geography to assist in strategic business planning.

Increase in prevalence of chronic diseases such as diabetes, cardiovascular diseases, and others, surge in demand for self-care devices/solutions are trending. Legality, privacy, and security concerns may hamper the market growth.

On-premises Segment is anticipated to register highest growth rate in the Telehealth Market during the forecast period:

On-premises sub segment is estimated to hold the largest market share in forecast period. Issues related to data security and customization feature of these delivery mode will result into increasing share of on-premises segment market.

APAC is expected to register high growth rate in the Telehealth Market during the forecast period:

APAC is anticipated to hold substantial market share over forecast period. Favourable initiatives for the adoption of telepathology in China, and low doctor-patient ratio and high internet penetration in India will fuel the Global Telehealth Market in APAC region.

Scope of the Report:

By Component: Software, Hardware and Services

By Mode of Delivery: Web-based, Cloud-Based and On-Premises

By End User: Providers, Payers, Patients and Other End User

By Geography: North America, Europe, Asia Pacific, Middle East, Africa and Latin America

Some of the key players operating in the Telehealth Market include

• Vidyo, Inc.
• Intouch Health
• American Well
• AMD Global Telemedicine, Inc.
• Aerotel Medical Systems Ltd.
• Globalmedia Group, LLC
• Medvivo Group Ltd.
• Cisco Systems, Inc.
• Cerner Corporation
• Care Innovations (A Subsidiary of Intel Corporation)
• Tunstall Healthcare
• Honeywell Life Care Solutions (A Honeywell International, Inc. Company)
• Medtronic PLC
• Philips Healthcare.

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Does Preventive Medicine Help In The Reduction Of Healthcare Costs?

All of us have heard the saying that “prevention is better than cure” and we know how true the maxim rings for all and sundry. Those who lead a healthy lifestyle are much less likely to fall prey to a host of diseases. In order to keep people healthy, all physicians practice the trend of preventive medicine. In fact this is a branch of medicine that is given special recognition under the American Board of Medical Specialities. It focuses on the health and well being of not just individuals, but defined populations and communities as well. Death, disability and disease can be given a big fight today thanks to this branch.The Scope of Preventive MedicineThose who specialise in the field of preventive medicine are doctors who have a big contribution to the society because they use their knowledge base and the skills they have acquired from studying not just medicinal science but also social and economic as well as behavioural sciences. This is primarily the reason why such medical practitioners are to be found on the boards that plan health care services, research the cause of diseases affecting a particular demographic group and on the management board of several health care organisations.Several years of research have gone into the field of preventive medicine and a lot of literature pertaining to it can be read in internet medical journals. A lot of articles on internet medicine claim time and again that preventive medicine is a way to save healthcare costs. While it is true that it can help those who are prone to lifestyle diseases, it does not always save healthcare costs. In fact, it could be quite the other way round.An internet medical journal about five years ago had predicted that if a large majority, say 90 per cent of Americans were to use preventive services, it would save only 0.2 per cent of the total healthcare costs of the entire nation. Some immunizations especially those pertaining to children may be cost saving because they are cheap, but when it comes to say something like screenings for diseases such as prostate cancer, it sure does not amount to any benefits. The second and perhaps more important reason why preventive medicine does not lead to major health savings is a large number of people need to avail of preventive services in order to avert or eliminate a particular disease.Preventive Medicine May Add To Your Healthcare CostsPrevention itself costs a lot of money and when it comes to expensive screenings they might actually add to the overall healthcare costs. An online medical association claims that for a few patients who show early symptoms of a disease, preventive medicine may be of use, but it is surely not possible to screen thousands of patients to find the likelihood or the onset of a disease.So, if you are looking for an answer to the question “will preventive medicine save healthcare costs”, the straight answer is no. However, this does not mean that you should avoid the occasional screenings, but when you do, you should make judicious use of them.

Charlie Crist Program – Improving Healthcare in Florida

Charlie Crist is the governor of Florida. He knows that the state is a leader in consumer driven healthcare, Medicaid Reform, and biomedical innovation. Even though Florida health insurance is more advanced than other states, it is very expensive to the point of being unaffordable for many residents. Charlie Crist is working on four areas of improvement to create better healthcare coverage and prices for the residents of Florida.One of the first things on Governor Crist’s list is to make healthcare more affordable to Florida residents. The main theme of this initiative is to make prescription drugs more affordable. The Governor feels that by negotiating with the drug industry to provide volume discounts on prescription medicine, the savings can be passed down to those that are having trouble paying for medications with a prescription drug card. He is looking for drug companies to provide information to customers about drug costs, as well as encouraging the companies to keep with each other for the lowest prices, not the highest prices. Since Canadian drugs are a lot cheaper than prescription drugs in America, Governor Crist wants to create a means to import affordable drugs safely from Canada.The second part of Governor Crist’s plan is to increase the current options available for healthcare choices, having more options other than emergency care. He is looking to minimize the red tape and build new facilities and increase community and home based healthcare services. He would also like to see an improvement in the health care of rural communities and institute a higher quality of emergency care. Next, the Governor is in favor of prevention. He feels that the Department of Health needs to be refocused and led by the State Surgeon General. The State Surgeon General will become the top advocate for wellness. The responsibilities of this role will be to promote nutrition and fitness initiatives both in school and in the home. This will also promote early awareness and intervention for mental illness and substance abuse.The last part of Charlie Crist program is to work on improving the quality of healthcare. He is looking to improve healthcare settings by doing research and analysis on data regarding oversights and mistakes. He will create standards for hospitals to follow that will reduce infections. Charlie Crist will use innovation to improve healthcare quality for the residents of Florida. While the rest of the world is focused on national healthcare, Governor Crist is looking to improve the healthcare in his own back yard.If you need assistance in locating particular coverages at a pre-determined price, we can help save 50% on health insurance.