MOUNTAIN VIEW, Calif. - Oct. 16, 2012 - The continuing alignment of healthcare with information and communication technologies makes the telehealth (which also includes remote patient monitoring, mHealth, and video telemedicine) industry one of the most confusing, yet transformative, spaces in the world. Despite many hurdles, telehealth markets continue as an effective treatment for many shortfalls present in the current healthcare experience, whether it is gaining access to the right specialist at the right time, or ensuring a patient can manage their medications. Telehealth is quickly transitioning from the best kept secret in healthcare to becoming persistently demanded by professionals and patients alike.
New analysis from Frost & Sullivan's (http://www.healthcareIT.frost.com) Analysis of the North American Telehealth Industry research identifies and defines the largest and most impactful market opportunities within telehealth, providing market sizes, trends and rankings, based on key research criteria. From this extensive analysis, Frost & Sullivan finds the top five telehealth markets in North America, in ranking order, are:
- Home healthcare and disease management monitoring
- Remote doctor and specialist services
- Personal emergency response systems (PERSs)
- Video diagnostic consultation
- Remote cardiac services
When combined, these markets generate more than $1.9 billion in revenue.
If you are interested in more information on this research, please send an email to Britni Myers, Corporate Communications, at firstname.lastname@example.org with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
Given the broad scope of opportunities present at the convergence of healthcare with information and communication technologies, even understanding the basics of telehealth can be a difficult task.
"The opportunities in telehealth applications are numerous, but so are the challenges, such as establishing high value propositions and sustainable business models," explained Frost & Sullivan Senior Industry Analyst Zachary Bujnoch. "Many companies must struggle from the start due to a lack of the expertise and perspective necessary to take full advantage of the many different aspects involved in each of these markets."
Partnerships and collaborations between companies are key components to success in many telehealth markets. The companies that thrive tend to stick to their core competencies and choose effective partnerships or alliances that fill in the gaps in technology or industry expertise.
"As an industry born out of convergence, telehealth is rich with partnerships and collaborative opportunities," stated Bujnoch. "When mutually beneficial situations are taken advantage of by industry participants, some of the most significant industry challenges are addressed and overcome, such as payment issues or the design of effective solutions for the elderly."
Analysis of the North American Telehealth Industry, part of the Connected Health Growth Partnership Services program, provides:
- Market revenues for the three main verticals in telehealth (mHealth, video telemedicine, and remote monitoring) from 2012 to 2017
- Primary research that forms a base to size, select and rank the top 20 telehealth markets, with additional analysis given for the top five markets
- Survey results from vendors and telehealth users concerning adoption as well as challenges and perceptions
- A breakdown of dynamic trends such as drivers, restraints and future predictions, as well as penetration rates and market potential as of 2012
- Insight on current opportunities, long-term growth, short-term growth, transformative potential and best practice business models
- An overall discussion utilizing the Frost & Sullivan Telehealth Matrix
- The identification of the most rapidly emerging products and services
All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
- The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
- The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?
Contact Us: Start the discussion
Join Us: Join our community
Subscribe: Newsletter on "the next big thing"
Register: Gain access to visionary innovation
Analysis of the North American Telehealth Industry
Corporate Communications - North America