Telemedicine which has the ability to reduce healthcare costs will find many takers in the era of squeezed budgets, says RNCOS.
Noida, UP -- (SBWIRE) -- 10/09/2014 -- Telemedicine is changing the way people seek and get medical advice, diagnosis and prescriptions, all thanks to its ease of accessibility and ability to hugely curtail healthcare costs. With the growth in need for deployment of consumer driven healthcare plans which increase out of pocket medical expenses, there is a constant lookout for ways offset costs. In a study of 17,000 telemedicine participants, hospital admissions dropped by 30% and doctor visits were reduced by 60% for a savings of 45% in unnecessary doctor and emergency room visits.
In the latest research study, “Global Telemedicine Market Outlook to 2018”, RNCOS analysts have identified market dynamics pertaining to specific countries to highlight the initiatives taken by several market players and healthcare providers to boost telemedicine sector’s growth. The market, which stood at US$ 14.2 Billion in 2012, is expected to grow at a high double digit growth rate during 2012-2018.
Besides, in the US, uneven distribution of physicians across states has created immense demand for telemedicine. The report provides information on the top ten states with most number of physicians per 100,000 population and top ten states with least number of physicians per 100,000 population. This is followed by a rational analysis to support the logical conclusion of how these ten states in either category can be connected using telemedicine solutions to bridge the gap in physician availability. Further, a thorough analysis has been done on the disease statistics (diabetes, hypertension, obesity) to identify top ten states with maximum number of people in need of telehome services. Reimbursement policies in states where the government support telehome care have also been provided.
The report provides extensive information and rational analysis of the global telemedicine market. It also provides an insight into different telemedicine processes along with a segment-wise analysis to present an overview of the developments taking place. In the end, the report concludes with a competitive analysis of key market players, providing business overview of each player along with its product portfolio. In addition, it elucidates key developments of players related to telemedicine which enable clients to formulate market strategies and assess the opportunity areas in key geographies.
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.