The Present and the Future of the Global Telehealth Market: An Overview

With the adoption of telemedicine growing phenomenally in 2014, it has been a banner year for telehealth. Will this trend continue to grow? What lies ahead for the telemedicine industry?  A recent article published on FierceHealthIT.com discusses the trends and forecasts put forth by a new report by TechNavio called the Global Telehealth Market 2015-2019. Exploring both articles should give us a clearer vision for the telehealth outlook.

According to the TechNavio report, the global telemedicine market is expected to double in growth over the next 5 years, and this growth will be fueled by the increasing focus on health IT and mobile healthcare. ReportsnReports.com has released a press release on the report that states, “mobile connectivity is expected to emerge as one of the main advantages in telehealth, to be deployed for remote monitoring, medicine compliance, and assisted living facilities for connected patients. With an ever-increasing demand for telehealth services, leading vendors like GE Healthcare, McKesson, Philips Healthcare, and Siemens Healthcare are stressing innovation as the way forward in the healthcare IT infrastructure segment.” Mobile connectivity will prove indispensable.

The report talks about the current practices and challenges in the industry wherein “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.” The report pinpoints the major roadblocks in the way of market growth for telemedicine as reimbursement for services, and licensing. However, the report has found that the major market players are emphasizing the cost pressures and are focusing on developing guidelines for their services.

According to the article, telehealth is also enjoying government support as many government officials are voicing their opinions in the favour of telehealth and its benefits. The Federal Communications Commission Chairwoman, Mignon Clyburn has pointed that telehealth is gradually becoming a promising medium for delivering better healthcare services to the rural population, especially in states like Mississippi. Other state officials are also trying to introduce telemedicine in their states. So we are sure to see it become more widespread in coming years.

Have we reached the tipping point for telemedicine, or do you think the growth will continue? We would love to hear what you think.   

Bob Higginbotham

About Bob Higginbotham

Bob Higginbotham, CTS-I, CTS-D, is the Avidex National Manager of Healthcare AV. Bob has spent his 30 year career in leadership positions in the AV industry including extensive design and build work in healthcare facilities. He owned and operated a successful AV business in Texas with multiple offices in several cities where he managed a staff of over 100 employees. Bob has served as a technical consultant for a major AV manufacturer, led the technical sales team for a national video conferencing provider and provided technology auditing services for several private education facilities. He has a unique working knowledge of audiovisual technology as well as multiple certifications in audio engineering, acoustics, AV design, CQT system commissioning and video transmission systems. Bob holds a BA in communications and has recently served as board chair for a large private school. He brings his years of technical knowledge and leadership experience to Avidex where he leads the national healthcare AV team. Contact Bob at bobh@avidexav.com

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Bob Higginbotham

About Bob Higginbotham

Bob Higginbotham, CTS-I, CTS-D, is the Avidex National Manager of Healthcare AV. Bob has spent his 30 year career in leadership positions in the AV industry including extensive design and build work in healthcare facilities. He owned and operated a successful AV business in Texas with multiple offices in several cities where he managed a staff of over 100 employees. Bob has served as a technical consultant for a major AV manufacturer, led the technical sales team for a national video conferencing provider and provided technology auditing services for several private education facilities. He has a unique working knowledge of audiovisual technology as well as multiple certifications in audio engineering, acoustics, AV design, CQT system commissioning and video transmission systems. Bob holds a BA in communications and has recently served as board chair for a large private school. He brings his years of technical knowledge and leadership experience to Avidex where he leads the national healthcare AV team. Contact Bob at bobh@avidexav.com

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