M-Health & Telemedicine Convergence Market 2019 Value Forecast at $1.8 Trillion Telemedicine and M-Health Convergence: Market Shares, Strategies, and Forecasts, Worldwide, 2013 to 2019 research report is now available with ReportsnReports.com.
DALLAS, Sept. 12, 2013 /PRNewswire-iReach/ -- Telemedicine and mobile health markets are converging as medical monitoring is delivered in home on tablet devices and roaming on smart phone. Mobile health monitoring / tablet based monitoring and smart phones provide growth strategy to this market says this new research. The report ( http://www.reportsnreports.com/reports/268227-telemedicine-and-m-health-convergence-market-shares-strategies-and-forecasts-worldwide-2013-to-2019.html ) says telemedicine dedicated device and software markets at $843 million in 2012 are anticipated to reach $2.9 billion by 2019. M-Health markets related to telemedicine at $1.4 billion are anticipated to reach $1.5 trillion by 2019 due to the use of 7 billion smart phones and half that many connected tablet devices all over the world.
This 2013 report Telemedicine and M-Health Convergence: Market Shares, Strategies, and Forecasts, Worldwide, 2013 to 2019, now available for purchase at http://www.reportsnreports.com/Purchase.aspx?name=268227 , has 879 pages, 299 tables and figures. Worldwide markets are poised to achieve significant growth as the telemedicine systems merge with the smart phone systems of engagement to provide a way to improve clinical care delivery to patients with chronic disease, decreasing hospitalizations and visits to the emergency room. There is a convergence of telemedicine and m-health as the patients become more responsible for their own care delivery and their own health Clinical telemedicine services converge with m-health systems of engagement to lower cost of care and improve quality of care. Tele-medicine and M-Health Market Convergence driving forces relate to an overall trend toward ordinary people taking more responsibility for their own health. This trend has been more prevalent for women in the past 100 years than for men because women used to die very young and they had to learn how to keep themselves healthy. Women have been able to reverse this trend of dying young and to live longer than men in the past 40 years, illustrating that paying attention to health is important.
Both tele-medicine and m-health contribute to healthcare delivery in the home. M-health will surely be delivered over the smart phone. Tele-medicine is evolving toward smart phone device delivery as well. The cost of tele-medicine for the US veterans administration is $1,600 per patient per annum. This is substantially less than other NIC programs and nursing home care which can easily run to $100,000 per annum. VHA's experience is that an enterprise-wide home tele-medicine implementation is an appropriate and cost-effective way of managing chronic care patients in both urban and rural settings.
Home patient monitoring means two things: the imminent rise of the expert patient whom the health authorities anticipate would self-manage his long-term medical conditions and the prominence of mobile devices as the go-between for clinicians and patients.
Telemedicine markets are emerging software markets. The consumer tablet computers are poised to become ubiquitous and inexpensive. As this happens telemedicine is becoming a fee for services much as a cell phone. The software runs on industry standard tablet computing devices. Clinicians gather patients information on a daily basis and provide consultation and intervention as needed for chronic conditions.
Telemedicine systems come from IBM, Intel, Honeywell, Vitarian, and Bosch Diagnostic Support Expert Systems. Tablets are poised to change telemedicine as are telepresence systems from Logitech among others. Clinical diagnosis is being impacted by the decision support systems. Clinical decision support systems (CDSS) have been a key aspect of telemedicine. Bosch offers the ability to track and update on a daily basis, questions that are able to address actual situations that patients face.
According to Susan Eustis, lead author of the WinterGreen Research team that prepared the telemedicine market research study, "Differential diagnostic tools support differential telemedical treatment. The decision process take into account clinical findings form the home monitoring devices and from symptoms verbally communicated in a clinical services implementation."
She continued, "Care delivery is enhanced by having clinicians be responsive to changes in patient condition that we know will lead to further patient deterioration if not treated immediately. A core part of responsible healthcare delivery is to use technology for healthcare reform. There is a focus on how to deliver care differently using telemedicine. No matter who pays for it, the use of telemedicine is anticipated to reduce the overall costs of healthcare delivery. Innovation is key to achieving improvements."
Since insurance companies have the responsibility for taking care of all people, not just the healthy ones and the health conscious people, they benefit from encouraging the use of telemedicine. The US veterans' administration recognizes this reality and has in place extensive telemedicine programs. While some hospitals benefit from an increase in hospitalizations, insurers do not. There is a services component to the business that makes it attractive to sell the devices below cost. The tablet market revolutionizes telemedicine.
Telemedicine market and M-Health industry companies profiled in this report include organizations like A&D Engineering / A&D Medical, Aerotel Medical Systems, Aliph, American Heart Association (AHA), American TeleCare, American Telemedicine Association, Apple, AT&T, Athens Regional Home Health In-Home Telemonitoring Services, Authentidate Holding, Axon, Biotronik, Bosch Group, Cardiocom, Care Innovations: Intel and GE, Cisco, Columbia University's Informatics for Diabetes Education and Telemedicine, Connections365, Continua, Debiotech, Evident Health Services, FuzeBox, Gemalto / Cinterion, Google, GreatCall Healthcare Systems, Home Healthcare Hospice and Community Services (HCS), Honeywell, IBM, Infopia, Johns Hopkins Launch Home Telemonitoring Education Initiative, JSC CEM Technology, Kiwok, LG, LifeMasters, Logitech, McKesson, MedApps, Medtronic, Microsoft, National Committee for Quality Assurance, Nonin Medical, Inc., Partners Healthcare, Philips, Polycom, ProConnections, Inc., REACH Health, Inc., RS TechMedic BV, Samsung, Sandata Technologies, Inc., STMicroelectronics, TeleAtrics™, Trifecta Technologies, TouchPointCare, Tunstall Healthcare Group, University of Houston, Verizon Technologies, Veteran's Administration (VA), VIDAVO S.A, Virtual Health, Viterion Corporation, Vodafone, VRI, WellPoint: Independent Licensee Blue Cross and Blue Shield Association, Windstream and Selected Providers for Emergency Medical Care Monitoring.
Comprehensive Table of Contents and more for the report Telemedicine and M-Health Convergence: Market Shares, Strategies, and Forecasts, Worldwide, 2013 to 2019 is available at http://www.reportsnreports.com/reports/268227-telemedicine-and-m-health-convergence-market-shares-strategies-and-forecasts-worldwide-2013-to-2019.html .
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