Pulse of Telehealth 2013

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Feb 13, 2014, 11:00 ET

NEW YORK, Feb. 13, 2014 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Pulse of Telehealth 2013
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Stakeholder Views on Telehealth from the American Telemedicine Association (ATA) Annual Meeting

Telehealth, including remote monitoring, video telemedicine, and mobile health (mHealth), is central to the healthcare delivery transformation by way of the converging healthcare and information communication technology (ICT) sectors. This study analyzes survey data taken at the 2013 ATA conference. Drivers and restraints, 5 and 10 year areas of opportunity, environmental points (e.g., gamification), accountable care organizations (ACOs), and predictions are presented. The surveyed markets include home and disease management monitoring, personal emergency response systems (PERS), video diagnostic consultation, remote doctor/specialist services, tele-imaging, activity monitoring, wellness programs, remote cardiac ECG, and tele-mental health.

Executive Summary

• The telehealth industry is in reality a mix of different sub-markets, each with aspects of business models which can vary dramatically. Telehealth typically includes both preventive and curative aspects that span the entire patient experience from hospital to home.
• The home is the leading area of impact and opportunity in the industry, including use of remote patient monitoring (RPM) in the view of stakeholders over the next decade. This is driving interest in RPM by companies in the North American market, including major Tier I medical device firms, as well as startups both within and outside the region attempting to enter the United States, many observed from Asia-Pacific.
• Frost & Sullivan views many of these non-US startup firms as having limited to no differentiation or field sales strategy, however, and are often touting a similar devices/hub/cloud by way of Android operating system (OS) value proposition. This includes, in most observed cases by our team, a poorly designed marketing strategy that assumes the ability to ride the wave of RPM without understanding the complexity of the market and current competition from leading firms such as Bosch Healthcare, Honeywell HomMed, Ideal Life.
• After home health/disease management RPM, respondents view the video telemedicine (provider-patient video diagnostic consultation and remote specialist services) and tele-mental health as other areas set to impact the market in the next X years. In our view, this aligns with the main industry markets, which are seen as the leading areas for business opportunities.
• Access to care and cost savings are seen as leading drivers in adoption by respondents, and reimbursement is seen as a key point of restraint. Continued changes in payment models and expansion of reimbursement and vendor strategies to achieve payment will have a positive impact on telehealth as the situation evolves.
• To understand global market attractiveness, different regions were evaluated by survey respondents regarding the projected speed of telehealth adoption in the nextX years. North America led, followed by Europe and Africa, while the Gulf Cooperation Council (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates) was viewed as the slowest to adopt telehealth solutions.
• Innovative technology can bolster the telehealth market and its adaptability. Growth in telehealth technology is evident from an increase in the number of patents filed under telehealth, accounting for X% of wireless-related patents (Iliev, Tang, Merwe and Tannock, 2011). The surge in telehealth patents is due to the demand for viable telehealth devices that can lower healthcare costs as well as to the changing interests of providers and vendors.
• The convergence of technology has created the issue of patent infringement and increased barriers of entry for new entrants.

Key Questions This Study Will Answer

What healthcare practice settings and/or disease states hold the most opportunity for telehealth?
Which telehealth market will have the highest impact on healthcare over the next 5 years?
What are the leading driver/restraint factors in the adoption of telehealth solutions?
What global regions will be the fastest adopters of telehealth solutions over the next 10 years?
Which telehealth markets have the greatest opportunity for growth through 2023?
What is the impact of environmental factors such as accountable care organizations (ACOs) or gamification on telehealth services?
Table of Contents

1. Executive Summary
2. Current Perspectives on Telehealth
3. Telehealth Industry—Feedback on Driver and Restraint Factors
4. Areas of Opportunity and Environmental Factors
5. Impact on Healthcare—5 Year View
6. Sector and Regional Long-term Views
7. The Last Word
8. Appendix
9. The Frost & Sullivan Story

List of Exhibits

• Telehealth Industry: Type of Respondents, North America, 2013
• Telehealth Industry: Years of Experience, North America, 2013
• Telehealth Markets: Connected Health, North America, 2013
• Telehealth Industry: Leading Reason Driving the Adoption of Telehealth Solutions, North America, 2012–2013
• Telehealth Industry: Restraints of Growth, North America, 2013
• Telehealth Industry: Healthcare Area/Disease Holding Most Opportunity, North America, 2013
• Telehealth Industry: Impact of ACOs on Adoption of RPM and Telehealth Services, North America, 2013–2018
• Telehealth Industry: Biggest Change to Stimulate Market Forward, North America, 2013
• Telehealth Industry: Potential Impact of Gamification on Patient Outcomes, North America, 2013
• Telehealth Industry: Overall Impact of Markets on Healthcare—5 Years, North America, 2013–2018
• Telehealth Industry: Markets with Highest Impact on Healthcare in the Next 5 Years,
• Top 2 Box, North America, 2013–2018
• Telehealth Industry: Segmentation of Markets by Vertical, North America, 2013
• Telehealth Industry: Impact of Home and Disease Management Monitoring Market, North America, 2013–2018
• Telehealth Industry: Impact of Personal Emergency Response Systems Market, North America, 2013–2018
• Telehealth Industry: Impact of Video Diagnostic Consultation Market, North America, 2013–2018
• Telehealth Industry: Impact of Remote Doctor/Specialist Services Market, North America, 2013–2018
• Telehealth Industry: Impact of Tele-imaging Market, North America, 2013–2018
• Telehealth Industry: Impact of Activity Monitoring Market, North America, 2013–2018
• Telehealth Industry: Impact of Wellness Programs, North America, 2013–2018
• Telehealth Industry: Impact of Remote Cardiac ECG Market, North America, 2013–2018
• Telehealth Industry: Impact of Tele-mental Health Market, North America, 2013–2018
• Telehealth Industry: Market with Greatest Growth Opportunity, North America, 2013–2023
• Telehealth Industry: Fastest Adopting Region of Telehealth, Global, 2013–2023
• Telehealth Industry: Telehealth Matrix, North America, 2013
• Telehealth Industry: Professional-to-consumer Spectrum, North America, 2013
• Telehealth Industry: ICT Healthcare Spectrum, North America, 2013

To order this report: Pulse of Telehealth 2013
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