Increased remote patient monitoring is one of the key factors contributing to the global telehealth market growth, according to Research and Markets. Analysts forecasts the global telemedicine market to grow at a compound annual growth rate (CAGR) of 18.9 percent over the period 2012-2016. The report, “Global Telemedicine Market 2012-2016″ covers the Global Telemedicine market landscape and its growth prospects in the coming years, including a discussion of the key vendors operating in this market.
Remote patient monitoring of patients is rapidly gaining acceptance in Europe, Middle East, and Africa region, where the highest number of people in the world live over 65 years of age. In the US, the increase of telehealth federal grants have significantly increased.
The report warned that the lack of common standards and the high cost of telehealth technology as one of the major challenges to the telehealth market. The rise of mobile health applications, diagnosis through medical images, patient monitoring and home healthcare have contributed to the cost of telemedicine products/services.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
For more information visit http://www.researchandmarkets.com/research/n9xdn8/global
Featured image credit: Joint Base Lewis McChord via cc
