NEW YORK, Jan. 30, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
INTRODUCTION Today, healthcare is one of the top economic and social problems across the globe. Put simply, the problem comes down to two factors: accessibility and affordability. Here in America, it is reported that U.S. citizens spend twice as much as citizens of other developed countries. However, citizens in the U.S. also report lower quality, efficiency and access of service than citizens in those same developed countries.
Globally, there is an increasing aging population plagued with chronic disease. These factors, combined with a focus on prevention and advancements in technologies, pharmaceuticals and treatments, will undoubtedly cause demand for healthcare services to continue to increase into the future.
REASONS FOR THE STUDY There has been a global focus on the use of telemedicine as a tool to cut down healthcare costs and bring about mammoth savings. Implementation of the new U.S. healthcare law will, if anything, intensify this focus by increasing the number of people who have health insurance and are seeking medical services. In the near to mid-term, telemedicine technologies offer one of the few ways of enabling healthcare personnel to meet the increased demand without unacceptable delays or other forms of de facto rationing.
There is interest in studying the ways in which collaborative healthcare can be better and more economically implemented through telemedicine. Recently announced best practices to cut down global healthcare costs, including outsourced medical services, home-based treatment, intervention as opposed to post treatment, integrated information technology (IT) environments, increased efficiency of healthcare resources and reducing billing gaps, all point toward the increasing use of telemedicine.
Given these factors, it seems timely that BCC identify the top 10 companies in the telemedicine field and the key factors to success in the telemedicine market that these companies are exploiting.
The report will also help gauge the ways in which this market can significantly affect larger markets such as healthcare, health insurance, home care, telecommunications (telecom), networking, disease management, e-health and healthcare IT. This is also timely, as major tier-one stakeholders are starting to enter the telemedicine market.
STUDY GOALS AND OBJECTIVES This document is a specialty report related to the BCC Research report HLC014E authored by Andrew McWilliams. The goal of this document is to provide a more in-depth look at the top-tier telemedicine companies as well as some of the second-tier companies to look for in the near future.
Key criteria used to determine top players in the field include:
• Financial standing.
• Established market presence.
• Positioning within the healthcare ecosystem.
• Company track record of deliverable solutions.
• End-to-end coverage vs. niche market solution.
• Parent and subsidiary company support.
• Intellectual property and strategic licensing portfolio.
In addition to this these factors that BCC has chosen to examine, BCC has selected these 10 companies for this report that it feels are deserving of recognition, and are leaders in their industry. This list includes:• Alcatel-Lucent.• AMD Telemedicine Inc.• Cardiocom.• Cisco.• Honeywell Hommed.• International Business Machines Corp.• LifeWatch AG.• Polycom.• Robert Bosch Healthcare.• SHL Telemedicine Ltd.
As any top-10 list is invariably subjective, there are also several companies profiled in less detail. These companies were on the bubble or should be watched in the near future, as they are currently on the rise.
INTENDED AUDIENCE This report is intended for telemedicine hardware manufacturers, software providers, telecom and networking companies, the healthcare industry and healthcare insurance companies. The report should also be of interest to those interested in entering the telemedicine market or to those looking to merge with, partner with or buy out existing players in the field.SCOPE The SCOPE of this report is focused on a select 10 companies in telemedicine and the key areas in the field that are driving industry growth and allowing these companies to succeed. These areas include home health care services, monitoring services, medical devices and communications solutions.METHODOLOGY Based on primary and secondary market analysis, this report analyzes the top 10 companies in telemedicine as well as some additional companies worth recognizing.REPORT HIGHLIGHTS This report provides:
• Identification of the top 10 companies in telemedicine technologies and the rationale behind these selections.
• Factors that include technical innovation, market leadership, and commitment to this market via investment in products.
When selecting these top 10 companies, BCC Research looked across the industry spectrum and selected the most active and significant contributors while recognizing that there are many other contenders. Some of these "significant others" are included but to a less detailed extent than the top 10 companies.
TABLE OF CONTENTS CHAPTER 1 INTRODUCTION 1
REASONS FOR THE STUDY 1STUDY GOALS AND OBJECTIVES 1INTENDED AUDIENCE 2SCOPE 2METHODOLOGY 2RELATED BCC REPORTS 2BCC ON-LINE SERVICES 3DISCLAIMER 3
CHAPTER 2 TELEMEDICINE OVERVIEW 5
STRUCTURE 5FIGURE 1 STRUCTURE OF A TELEMEDICINE NETWORK 5KEY PLAYING FIELDS IN TELEMEDICINE 6FIGURE 2 WINNING IMPERATIVES FOR TELEMEDICINE: TELEHOME CARE, TELEHOSPITALB2B, TELEHOSPITAL B2C 6CHANGING HEALTHCARE PARADIGM: INEVITABLE NEED FOR TELEMEDICINE 7Increasing Chronic Diseases 8Complexity of the Healthcare Network 8FIGURE 3 TELEMEDICINE: KEY TO E-HEALTHCARE 8Rising Cost of Home Care 8Increasing Number of Aging Patients Requiring Daily Care 8Higher Spending on IT 8Moving from Treatment to Early Intervention 9Shortages of Healthcare Personnel and Increasing Workloads 9NEED FOR BETTER CLINICAL OUTCOMES 9GROWING INVESTMENTS IN TELEMEDICINE 10TELEMEDICINE DRIVEN BY THE RISING E-HEALTHCARE MARKET 10INCREASING FOCUS OF COMPANIES ON TELEMEDICINE AS A KEY MARKETDIFFERENTIATOR 10IMPROVED TECHNOLOGY INFRASTRUCTURE SPURRING GROWTH INTELEMEDICINE 10ENTRY OF TIER I PLAYERS EXPANDING MARKET SCOPE 11CENTRALIZED EHR AND EMR ARE DRIVING THE NEED FOR TELEMEDICINE 11INCREASING ACCEPTANCE OF TELEMEDICINE BY PATIENTS 11FIGURE 4 INCREASING ACCEPTANCE OF TELEMEDICINE BY PATIENTS 12KEY CHALLENGES 12FIGURE 5 MAJOR CHALLENGES FACED BY TELEMEDICINE PROGRAMS (%) 13FIGURE 6 CHALLENGES IN TELEMEDICINE: ECONOMICS VERSUS CLINICAL OUTCOME 13TECHNICAL 14OPERATIONAL AND SOCIAL ISSUES 14Training and Accreditation 14Availability of Telecommunications Bandwidth 15Market Awareness 15LEGAL AND REGULATORY ISSUES 16Device Safety and Effectiveness 16Privacy 16Practitioner and Facility Licensure 17Medical Liability and Malpractice Issues 18STANDARDS 18MARKET DYNAMICS 19FIGURE 7 CASH COWS IN TELEMEDICINE 19
CHAPTER 3 MARKET SUMMARY 21
SUMMARY TABLE THE GLOBAL TELEHOME AND TELEHOSPITAL MARKET, THROUGH 2016($ MILLIONS)* 21MARKET DRIVERS 21FIGURE 8 TELEMEDICINE MARKET DRIVERS 21TELEMEDICINE MARKET STRUCTURE OVERVIEW 22FIGURE 9 TELEMEDICINE MARKET STRUCTURE 22MAJOR GEOGRAPHICAL SEGMENTS 23TABLE 1 TELEMEDICINE MARKET BY GEOGRAPHY, THROUGH 2016 ($ MILLIONS)* 23TECHNOLOGIES AND SERVICES 24TABLE 2 FORECAST FOR THE TELEMEDICINE HARDWARE, SOFTWARE AND SERVICEMARKET, THROUGH 2016 ($ MILLIONS)* 24FIGURE 10 TELEMEDICINE SERVICE MARKET 24TELEMEDICINE APPLICATIONS 25TELEMEDICINE STAKEHOLDERS 26FIGURE 11 TELEMEDICINE STAKEHOLDERS MARKET STRUCTURE 27
CHAPTER 4 COMPANIES 29
ALCATEL-LUCENT 29COMPANY OVERVIEW 29BELL LABS 30KEY PRODUCTS AND SERVICES 30OmniAccess Wireless LAN Solutions 30VitalQIP DNS / DHCP IP Address Management Software 31FINANCIAL INFORMATION 312011 Key Data 31Revenues by Region 31Revenues by Segment 312012 Q2 & Q3 Key Figures 32MANAGEMENT 32AMD GLOBAL TELEMEDICINE INC. 32COMPANY OVERVIEW 32KEY PRODUCTS 33AMD-400S Camera & Illumination 33FIGURE 12 THE AMD-400S CAMERA 33AMD-2500 General Exam Camera 34FIGURE 13 AMD GLOBAL TELEMEDICINE'S AMD2500 CAMERA, ISOMETRIC AND REARVIEWS 34FIGURE 14 AGNES 3.0 WEB PORTAL 35RECENT NEWS 37MANAGEMENT 37CARDIOCOM 37COMPANY OVERVIEW 37KEY PRODUCTS AND SERVICES 38Commander and Commander Flex 38FIGURE 15 COMMANDER AND COMMANDER FLEX 38Omnivisor 38ENTERPRISE INTERFACES 39ALLIANCES 39MANAGEMENT 40CISCO 40COMPANY OVERVIEW 40CISCO HEALTHPRESENCE 2.5 41CISCO FINANCIAL INFORMATION 41Fiscal Year 2012 Key Data 41Q1 Fiscal Year 2013 Revenue Breakdown by Region 42Q1 Fiscal Year 2013 Revenue Breakdown by Product Category and Service 42MANAGEMENT 42HONEYWELL HOMMED 42COMPANY OVERVIEW 43KEY PRODUCTS AND SERVICES 43LifeStream 43Genesis DM and Genesis Touch 44FIGURE 16 GENESIS DM AND GENESIS TOUCH 44MANAGEMENT 45INTERNATIONAL BUSINESS MACHINES CORP. 45COMPANY OVERVIEW 46IBM AND POLYCOM 46IBM'S BLUE SPRUCE 47COPD Gene Study and Blue Spruce 47iTelepsych.com and Blue Spruce 47MANAGEMENT 47LIFEWATCH AG 48COMPANY OVERVIEW 48KEY PRODUCTS AND SERVICES 48LifeStar PMP Wireless Tele-diagnositc System 48LifeStar ACT (Ambulatory Cardiac Telemetry) 48Holter Monitoring 48Clinical Research Services 49NiteWatch Home Sleep Testing 49LifeWatch V 49LIFEWATCH AG FINANCIAL INFORMATION 492011 Annual Figures 492011 Revenue Breakdown of $82.2 Million 502012 Q3 Financial Highlights 50MANAGEMENT 50POLYCOM 50COMPANY OVERVIEW 50POLYCOM AND IBM 51POLYCOM FINANCIAL INFORMATION 51Q3 2012 Figures 51Q3 Consolidated Net Revenue Breakdown by Region 52Q3 Consolidated Net Revenue Breakdown by Product line 52MANAGEMENT 52ROBERT BOSCH HEALTHCARE 52COMPANY OVERVIEW 53KEY PRODUCTS AND SERVICES 53The Bosch Health Buddy System 53FIGURE 17 BOSCH HEALTH BUDDY SYSTEM 53T400 Telehealth System 54Serious Mental Illness. 54MANAGEMENT 54SHL TELEMEDICINE LTD. 55COMPANY OVERVIEW 55KEY PRODUCTS AND SERVICES 56The CardioSen'C 56FIGURE 18 SHL TELEMEDICINE'S CARDIOSEN'C 56Smartheart 56FIGURE 19 SHL TELEMEDICINE'S SMARTHEART 57SHL TELEMEDICINE FINANCIAL INFORMATION 572011 Figures 57Q3 2012 Figures 57MANAGEMENT 58OTHER COMPANIES TO WATCH 58AEROTEL MEDICAL SYSTEMS LTD. 58AMERICAN TELECARE INC. 58CYBERNET MEDICAL CORP. 59INTOUCH TECHNOLOGIES 59MEDIC4ALL 60NUMERA 60
LIST OF TABLES SUMMARY TABLE THE GLOBAL TELEHOME AND TELEHOSPITAL MARKET, THROUGH 2016 ($
TABLE 1 TELEMEDICINE MARKET BY GEOGRAPHY, THROUGH 2016 ($ MILLIONS)* 23
TABLE 2 FORECAST FOR THE TELEMEDICINE HARDWARE, SOFTWARE AND SERVICE
MARKET, THROUGH 2016 ($ MILLIONS)* 24
LIST OF FIGURES FIGURE 1 STRUCTURE OF A TELEMEDICINE NETWORK 5
FIGURE 2 WINNING IMPERATIVES FOR TELEMEDICINE: TELEHOME CARE, TELEHOSPITAL
B2B, TELEHOSPITAL B2C 6
FIGURE 3 TELEMEDICINE: KEY TO E-HEALTHCARE 8
FIGURE 4 INCREASING ACCEPTANCE OF TELEMEDICINE BY PATIENTS 12
FIGURE 5 MAJOR CHALLENGES FACED BY TELEMEDICINE PROGRAMS (%) 13
FIGURE 6 CHALLENGES IN TELEMEDICINE: ECONOMICS VERSUS CLINICAL OUTCOME 13
FIGURE 7 CASH COWS IN TELEMEDICINE 19
FIGURE 8 TELEMEDICINE MARKET DRIVERS 21
FIGURE 9 TELEMEDICINE MARKET STRUCTURE 22
FIGURE 10 TELEMEDICINE SERVICE MARKET 24
FIGURE 11 TELEMEDICINE STAKEHOLDERS MARKET STRUCTURE 27
FIGURE 12 THE AMD-400S CAMERA 33
FIGURE 13 AMD GLOBAL TELEMEDICINE'S AMD2500 CAMERA, ISOMETRIC AND REAR VIEWS 34
FIGURE 14 AGNES 3.0 WEB PORTAL 35
FIGURE 15 COMMANDER AND COMMANDER FLEX 38
FIGURE 16 GENESIS DM AND GENESIS TOUCH 44
FIGURE 17 BOSCH HEALTH BUDDY SYSTEM 53
FIGURE 18 SHL TELEMEDICINE'S CARDIOSEN'C 56
FIGURE 19 SHL TELEMEDICINE'S SMARTHEART 57
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