Telemedicine market to nearly double over next 5 years
A focus on health IT and mobile healthcare will lead the global telemedicine market to nearly double in five years, according to a new industry research report.
The market will see growth at 18.88 percent CAGR, from 2014 to 2019, according to ReportsnReports.com.
"While all the major players in the market are focusing on R&D to launch innovative products and services, there is also a sense of urgency among vendors regarding the need to improve bandwidth and enhance the reach of mobile health," according to an announcement on the report.
Currently, issues such as reimbursement for services and licensing are holding the telemedicine market back. According to the report, though, players in the market are focusing their attention on the cost pressures and taking an interesting in developing guidelines for the services.
Vendors also are working with telecom and healthcare sectors to expand the mobile health market. Advances in mobile connectivity are a main factor in driving adoption of telemedicine, according to the report. Mobile devices can be used for remote monitoring, medicine compliance as well as a tool to keep patients in assisted living facilities connected to care providers.
Leading health IT vendors, such as GE healthcare, McKesson and Siemens are some of the players "stressing innovation as the way forward in the healthcare IT infrastructure segment," according to the report.
Governement officials also are making their voices heard on the promises of telehealth.
Telehealth is showing promise for expanded care in rural communities, especially in states like Mississippi, according to Federal Communications Commission Chairwoman Mignon Clyburn. And officials in Florida are already pushing to advance the services in their state.
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FCC's Clyburn: Telemedicine shows promise for rural communities
Push for bill to advance telemedicine in Florida grows
Reimbursement for telehealth services remains sparse
AMA backs compact for multistate licensure to ease use of telemedicine