Dallas, TX (PRWEB) December 14, 2012
Tele-health equipment units decrease the cost of care delivery while improving the quality of care and the quality of lifestyle available to patients. They have been widely adopted and extremely successful in use by the veteran’s administration in the US and by CMS Medicare and Medicaid. Use is anticipated to be extended to a wide variety of care delivery organizations based on this base of installed systems. Healthcare delivery is an increasing concern worldwide. Tele-health markets for the carts and associated servers segment of the market at $98 million in the first three quarters of 2012 are anticipated to reach$1.4 billion by 2018.
The aim of tele-health systems is to prevent the onset of chronic conditions of CHF and diabetes through interventional medicine, wellness programs, and simply intelligent nutrition and exercise programs implementation. Is this the task of the hospitals? Or, are wellness programs meant to be implemented elsewhere? In any case, tele-health represents the delivery mechanism for the programs.
Tele-health systems rely on monitors with integrated connectivity. Systems use monitoring hubs with integrated cellular capability and carts that permit remote diagnosis for places where there is a shortage of good doctors and where people want second opinions from a trusted expert. A physician that sees hundreds of patients a week with a certain condition is more apt to render an accurate diagnosis and to provide effective treatment than a physician that only sees that condition once a year.
The only way to connect patients with a particular condition with a clinician expert in treating that condition is through telemedicine. Everyone knows that a surgeon who operates within a particular specialty every day is more expert than one who operates only once a year. The same is true across the board for all specialties.
The aim of tele-monitoring is to improve patient compliance with standards of care known to support improved outcomes for patients with chronic conditions. Tele-monitoring is one way to improve patient compliance, but there are other ways to achieve that as well.
Tele-monitoring increases patient compliance. The aim is to improve the delivery of healthcare to clients by monitoring vital signs to detect changes in patient condition that may indicate the onset of a more serious event, much as nurses in the hospital monitor patient vital signs.
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The provision of healthcare services and information by telecommunication methods – or ‘telehealth’ – holds the potential to change the way many of us receive medical care, states a new report.
This new research predicts that the worldwide telehealth and telemedicine market will experience a boom in growth over the next few years as technology continues to expand, both in terms of number of applications and availability.
From a 2011 valuation of $13.2 billion, the global market for telehealth and telemedicine will jump to $32.5 billion by 2018, climbing at a Compound Annual Growth Rate (CAGR) of 14%.
The key factors driving the industry include the need to increase the reach of quality medical care to remote locations, reduce healthcare expenditure and enable the optimal usage of limited provider resources.
The accelerated growth of robust telecommunication technologies, the increased adoption of related healthcare IT solutions and the readiness of companies and governments to invest are also contributing to the market’s double-digit growth.
Currently the US dominates the industry, holding a 51% share in 2011, but it is the Asia-Pacific region that is estimated to exhibit the most impressive growth.
In 2011, Asia-Pacific contributed $2 billion to the global telehealth and telemedicine market and this is expected to almost quadruple by the end of 2018, to just under $8 billion. This means a CAGR of 21%, while the US and European markets are expected to climb at the less substantial rates of 12% and 13%, respectively.
Growth in the Asia-Pacific region is expected to be driven by improved awareness of the model’s potential for expanding the penetration of affordable medical care to the wider population, with the governments of India and China rapidly adopting and pushing telehealth to cater to the needs of the huge rural patient population.
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