It would not be astonishing to see in near future when the reduction in stillbirths and management of other pregnancy related health complications would be remotely managed by a doctors sitting thousand miles away and helping patients over the smartphones.
Telemedicine is finally being adopted as part of a mainstream medical practice by healthcare practitioners globally to remotely evaluate, diagnose and treat patients. Apart from cost benefits it provides benefits like giving access to best medical facility which was earlier unavailable to remote areas.
It is believed this year many health institutes and patients would be adopting for mobile apps as health care delivery tools. This would include 360* delivery involving remote patient monitoring to diagnostic tools. It is being predicted that healthcare practitioners and patients would be engaging with each other through real-time video from their smartphone or tablet.
It has been found by research that patients are able to communicate better when it comes to telehome consulting as they are more relaxed and comfortable in their home. Telemedicine has created a strong virtual network of healthcare practitioners, who can discuss, share opinions and treatments with doctors across the globe. It has been seen that majority of doctors are least interested to serve in rural & remote areas but with telemedicine developing economies can reach out to maximum number of people in rural and remote areas with minimum investments in these areas.
The global telemedicine market grew from $9.8 billion in 2010 to $11.6 billion in 2011 and will almost triple to $27.3 billion in 2016, a compound annual growth rate (CAGR) of 18.6% over the next five years, according to a report from BCC Research. As per this report the telehome segment accounted for $3.5 billion in 2011 and is expected to increase at a CAGR of 22.5% to reach $9.7 billion in 2016.
The telemedicine market can also be segmented into technology (hardware, software, telecom, network) and service segments. The telemedicine technology market is expected to grow from $3.8 billion in 2010 to $4.6 billion in 2011 and $11.3 billion in 2016, with a CAGR of 19.8% over the next five years. The telemedicine service market is expected to grow from $5.9 billion in 2010 to $7 billion in 2011 and nearly $16 billion in 2016, mainly driven by growth in the telehospital service market.
The report from from BCC Research also suggests that 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 with health insurance and seeking medical services. In the near to mid-term, telemedicine technology offers one of the few ways of enabling healthcare personnel to meet the increased demand without unacceptable delays or other forms of de facto rationing.