U.S. Telehealth Market Is To Be $2.83 Billion By 2022: Grand View Research, Inc.
U.S. telehealth market is expected to reach USD 2.8 billion by 2022,
according to a new report by Grand View Research Inc. Increasing access to
basic healthcare is the major aim of telehealth along with improved healthcare
quality and patient safety by early detection and diagnosis. According to a report
published by the Agency for Health Care Research and Quality (AHRQ),
implementation of telehealth solution improves quality of care delivery to
patients.
The
rising demand for self care and independent living along with the concept of
home care is highly appealing to the population. The Rhode Island Partnership
for Home Care reported that in 2014, over 20,000 citizens demanded for home
care that led to approximately 1,000,000 visits by healthcare providers.
Advantages that drive the higher adoption for home care include better
psychological impact on patients, provision of friendly environment, care
provision as per patient needs, and cost-effectiveness.
U.S. telehealth market, by product, 2012-2022 (USD Million) |
Also,
rising geriatric population requires round-the-clock monitoring in homes as
they are prone to various chronic ailments. Telehealth system reduces hospital
visits and re-hospitalization of patients, along with round-the-clock remote
monitoring and allows patients to recover within the comforts of their own
home. Telehealth and tele-monitoring devices tender numerous benefits to cater
to these demands and hence propel market growth.
Browse full
research report on U.S. Telehealth Market: www.grandviewresearch.com/industry-analysis/us-telehealth-market
Further
Key Findings From the Study Suggest:
- Hardware segment are expected to account for
over 40.0% market share by 2022 owing to, video memory, general memory,
internet connection and emailing feature, processor speed and display
quality are expected to boost the market growth.
- Software segment is expected to grow at a
lucrative CAGR of over 18.0% during the forecast period. The adoption rate
for integrated software is higher as compared to the standalone software
due to higher options and applications along with cost-efficiency.
Examples of integrated solutions include examination cameras, connected
devices and software, and telehealth stations.
- Key players of this market include Philips
Healthcare, GE Healthcare, Bosch Healthcare, Intel, IBM and McKesson
Corporation.
- Market participants are involved in
manufacturing wide range of telehealth services and software that can be
used for patient monitoring, self care and post op monitoring.
- For instance, in May 2015, Philips announced
that the joint program between Philips Telehealth and Banner Health helped
reduce costs by 27% and hospitalizations by 45%. The pilot at-home program
was used on patients suffering with critical illnesses that accounted for
50% of the healthcare spending.
- In August 2015, McKesson Technology Solutions
through their RelayHealth unit launched the ICD10Central.com. The platform
offers easier collaboration between payers and providers. It also has
feature of online forums to promote social media communication and quick
responses to billing queries by the providers.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/healthcare-it
Grand View Research has segmented the U.S. telehealth market on the basis
of products, delivery mode and end-use:
U.S.
Telehealth Product Outlook (Revenue, USD Million, 2012 - 2022)
- Hardware
- Monitors
- Medical
peripheral devices
- Blood
pressure meters
- Blood
glucose meters
- Weighing
scales
- Pulse
oximeters
- Peak
flow meters
- ECG
monitors
- Others
- Software
- Standalone
software
- Integrated
software
- Services
- Remote
patient monitoring
- Real-time
interactions
- Store
and Forward
- Other
services
U.S.
Telehealth Delivery Mode Outlook (Revenue, USD Million, 2012 - 2022)
- Web-based
- Cloud-based
- On-premise
based
U.S.
Telehealth End-use Outlook (Revenue, USD Million, 2012 - 2022)
- Providers
- Payers
- Others
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/us-telehealth-market-analysis
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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