U.S. telehealthmarket is expected to reach USD 2.8 billion by 2022, according
to a new report by Grand View Research Inc. Increasing access to basic
healthcare is the major aim of telehealth along with improved healthcare
quality and patient safety by early detection and diagnosis. According to a
report published by the Agency for Health Care Research and Quality (AHRQ),
implementation of telehealth solution improves quality of care delivery to
patients.
The rising demand for self care and
independent living along with the concept of home care is highly appealing to
the population. The Rhode Island Partnership for Home Care reported that in
2014, over 20,000 citizens demanded for home care that led to approximately
1,000,000 visits by healthcare providers. Advantages that drive the higher
adoption for home care include better psychological impact on patients,
provision of friendly environment, care provision as per patient needs, and
cost-effectiveness.
Also, rising geriatric population requires
round-the-clock monitoring in homes as they are prone to various chronic
ailments. Telehealth system reduces hospital visits and re-hospitalization of
patients, along with round-the-clock remote monitoring and allows patients to
recover within the comforts of their own home. Telehealth and tele-monitoring
devices tender numerous benefits to cater to these demands and hence propel
market growth.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/us-telehealth-market
Further key findings from the report suggest:
·
Hardware segment are expected to account
for over 40.0% market share by 2022 owing to, video memory, general memory,
internet connection and emailing feature, processor speed and display quality
are expected to boost the market growth.
·
Software segment is expected to grow at a
lucrative CAGR of over 18.0% during the forecast period. The adoption rate for
integrated software is higher as compared to the standalone software due to
higher options and applications along with cost-efficiency. Examples of
integrated solutions include examination cameras, connected devices and
software, and telehealth stations.
·
Key players of this market include Philips
Healthcare, GE Healthcare, Bosch Healthcare, Intel, IBM and McKesson
Corporation.
·
Market participants are involved in
manufacturing wide range of telehealth services and software that can be used
for patient monitoring, self care and post op monitoring.
·
For instance, in May 2015, Philips
announced that the joint program between Philips Telehealth and Banner Health
helped reduce costs by 27% and hospitalizations by 45%. The pilot at-home
program was used on patients suffering with critical illnesses that accounted
for 50% of the healthcare spending.
·
In August 2015, McKesson Technology
Solutions through their RelayHealth unit launched the ICD10Central.com. The
platform offers easier collaboration between payers and providers. It also has
feature of online forums to promote social media communication and quick
responses to billing queries by the providers.
Browse more reports of this category by Grand View Research:
https://www.grandviewresearch.com/industry/healthcare-it
Grand View Research has segmented the U.S.
telehealth market on the basis of products, delivery mode and end-use:
U.S. Telehealth Product Outlook (Revenue, USD
Million, 2012 - 2022)
·
Hardware
o Monitors
o Medical peripheral devices
o Blood pressure meters
o Blood glucose meters
o Weighing scales
o Pulse oximeters
o Peak flow meters
o ECG monitors
o Others
o Software
o Standalone software
o Integrated software
o Services
o Remote patient monitoring
o Real-time interactions
o Store and Forward
o Other services
U.S. Telehealth Delivery Mode Outlook (Revenue, USD
Million, 2012 - 2022)
o Web-based
o Cloud-based
o On-premise based
U.S. Telehealth End-use Outlook (Revenue, USD Million,
2012 - 2022)
o Providers
o Payers
o Others
View press
release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/us-telehealth-market-analysis
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
