Shift from Conventional Treatment Channels to Boost Telehealth Services Market

Press Release   •   Oct 20, 2016 07:50 EDT

The modern world is shifting from conventional medical treatment to technologically advanced equipped treatment services. The concept of telehealth services was conceived with the idea of exchanging data remotely between a patient at home and a doctor. Telehealth services include diagnosis and monitoring of patients, generally those with long term ailments. Telehealth includes fixed or mobile home units, which measure clinical parameters such as blood pressure, sugar level, body temperature, and others, using a wireless medium.

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The global telehealth services market is growing owing to the rising adoption of these services by a large number of people suffering from long term ailments. Patients are opting for telehealth services as they reduce the number of doctor visits, thus saving both time and money. Telehealth services have helped reduce the mortality rate and the incidences of emergency admission to some extent. Today, telehealth is being used for disaster management, dentistry, consumer and professional education, counselling, and physical and occupational therapy, thus boosting the telehealth services market. However, the high installation cost of telehealth systems may hamper the growth of the global telehealth services market.

The global telehealth services market is segmented on the basis of end user, type, application, and geography. Clinical and non-clinical are sub-segments of the type segment. Clinical uses comprise diagnosis of disease, disease management, advice on prevention from diseases, promoting good health, and using telephonic medium to deal with emergency situations. Non-clinical uses of telehealth services include distance education, movement of patient and remote admission, research programs on telehealth services, health data management, and providing online information.

On the basis of application, the market is segmented into dermatology, cardiology, gynecology, neurology, and orthopedics. The global telehealth services market is segmented on the basis of end user into telehome, telehospital, assisted living, worried well living, and facility. On the basis of geography, the telehealth services market is segmented into Latin America, North America, Asia Pacific, Europe, and Rest of the World.

Market Structure of Telehealth Services:

Key players operating in the global telehealth services market, which have been included in the report for the purpose of study are: LifeWatch AG, Allscripts Healthcare Solutions, Inc., McKesson Corporation, CARDIOCOM, LLC, Polycom, Inc., F. Hoffmann-La Roche Ltd., AMD Global Telemedicine, Inc., Cisco Systems, InTouch Technologies, Inc., Philips Healthcare and Honeywell HomMed LLC.

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