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Global Market For Telemedicine To Be Worth $23 Billion In 2015

July 06, 2011
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Wellesley, Mass. – In a recent release, TELEMEDICINE: OPPORTUNITIES FOR MEDICAL AND ELECTRONIC PROVIDERS (HLC014D) from BCC Research (www.bccresearch.com), the global market for telemedicine was worth $9.8 billion in 2010. That value is projected to be $23 billion in 2015, after increasing at a five-year compound annual growth rate (CAGR) of 18.6%.

The global market for telemedicine can be broken down into two segments – telehospital/clinic and telehome.

The telehospital/clinic segment was valued at $6.9 billion in 2010, and in 2015 should be worth nearly $15.1 billion, yielding a CAGR of 16.8%.

The telehome segment, worth nearly $2.9 billion in 2010, should rise to $7.9 billion in 2015, a CAGR of 22.5%.

Telemedicine is the use of telecommunications technology to deliver medical information or services to patients or other users at a distance from the provider. It offers a network and framework for e-healthcare where patients and healthcare service providers are on a common delivery platform; in other words, telemedicine covers all healthcare services being delivered remotely with the help of telecom technologies.

There has been a global focus on the use of telemedicine as a tool to cut down healthcare costs and bring about mammoth savings. Some practices used to cut healthcare costs, including outsourced medical services, home-based treatment, intervention as opposed to post treatment, integrated information technology environments, increased efficiency of healthcare resources, and reduced billing gaps, indicate increased use of telemedicine.

This report will help identify and quantify key telemedicine technology and service markets, and is intended for telemedicine hardware manufacturers, software providers, telecom and networking companies, the healthcare industry, and healthcare insurance companies.

SUMMARY FIGURE
FORECAST FOR THE GLOBAL TELEHOME AND TELEHOSPITAL SERVICE MARKET, 2009-2015
($ MILLIONS)
FORECAST FOR THE GLOBAL TELEHOME AND TELEHOSPITAL SERVICE MARKET, 2009-2015
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Source: BCC Research

Telemedicine: Opportunities for Medical and Electronic Providers( HLC014D )
Publish Date: January 2011    

Data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC, 49 Walnut Park, Building 2, Wellesley, MA 02481, Telephone: 866-285-7215; Email: editor@bccresearch.com as the source and publisher. Thank you.