Global telehealth market to double by 2019
The global telemedicine market will almost double in the next five years, according to an industry research report.
The market will see growth at 18.88 percent compound annual growth rate (CAGR) by 2019, primarily driven by the focus on mobile and healthcare IT, according to ReportsnReports.com.
The major players in the market are focusing on R&D to launch innovative products and services, according to a statement on the report, but there is also a sense of urgency among vendors regarding the need to improve bandwidth and enhance the reach of mobile health.
The report indicates that stakeholders are focusing on removing cost pressures by reducing fragmentation among healthcare and network providers and taking keen interest in developing common guidelines for telehealth services while driving innovation. Vendors are focusing on expanding the global mobile health market by working with the telecom and healthcare sectors. Also, mobile connectivity is expected to emerge as one of the main advantages in telehealth, to be deployed for remote monitoring, medicine compliance and assisted living facilities for connected patients.
The complete report is available for purchase.
Editor Beth earned a bachelor’s degree in journalism and master’s in health communication. She has worked in hospital, academic and publishing settings over the past 20 years. Beth joined TriMed in 2005, as editor of CMIO and Clinical Innovation + Technology. When not covering all things related to health IT, she spends time with her husband and three children.