The convergence between healthcare, information and communication technologies
MOUNTAIN VIEW, Calif., 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:
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:
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
210.477.8481
210.348.1003
britni.myers@frost.com