2011 saw the telemedicine monitoring market reach a total market value of $736 million, and by 2018 this amount is expected to rise to $2.5 billion. This significant rise in the global market can be attributed to numerous factors as the telemedicine monitoring systems market provides ways to improve clinical care delivery to patients and decreasing hospitalisations and visits to the emergency room.
Telemedicine is the use of telecommunication and information technologies in order to provide clinical health care at a distance. It helps eliminate distance barriers and can improve access to medical services that would often not be consistently available in distant rural communities. It is also used to save lives in critical care and emergency situations.
Having the ability to accurately access patient condition via a combination of advanced testing and telemonitoring creates the opportunity to intervene when what is called for clinically can make a difference, and permits provision for education regarding healthy living in a way that is likely to create compliance with clinician recommendations.
Table devices typically cost $350 in 2011, with the average price of the software at $75 per unit. This means there is a services business that will pay for the devices over time.
Telemedicine can be extremely beneficial for people living in isolated communities and remote regions and is currently being applied in virtually all medical domains. Patients who live in such areas can be seen by a doctor or specialist, who can provide an accurate and complete examination, while the patient may not have to travel or wait the normal distances or times like those from conventional hospital or GP visits.
For more information on the telemedicine monitoring market, see the latest research: Telemedicine Monitoring Market
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