Frost & Sullivan: Past the Intricacies, Participants Discover a Wealth of Opportunities in the North American Telehealth Industry
-- The convergence between healthcare, information and communication technologies
MOUNTAIN VIEW, California, Oct. 16, 2012 /PRNewswire/ -- 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 britni.myers@frost.com 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.
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Analysis of the North American Telehealth Industry
NB72-48
Contact:
Britni Myers
Corporate Communications – North America
P: +1-210-477-8481
F: +1-210-348-1003
E: britni.myers@frost.com
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