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Tele-medicine, M-Health and Tele-health Industries Set to Explode Over the Next Few Years

August 25, 2015

The advent of modern communications technologies is swiftly revolutionizing the healthcare industry. A recent study entitled “Push Telecommunications for Tele-Medicine (PTT) and M-Health: Market Shares, Strategy, and Forecasts, Worldwide, 2015 to 2021,” published by Winter Green Research, explores the tele-medicine, tele-health and m-health markets and how they are bringing substantial improvements to patient care.

Tele-medicine technology makes it possible to provide patients with the care they need from a remote location, enabling constant tracking and monitoring of chronic diseases which are usually most effectively dealt with on a daily basis. These systems allow healthcare providers to be consistently updated with vital signs and other indicators while creating an avenue of constant communication between physician and patient via push telecommunication systems. This real-time communications system can also be used to supply patients with fresh daily content relating to their illness and advice as to how they can best manage it.

M-health (mobile health) is the fastest growing category and refers primarily to wellness applications for smartphones and tablets. With m-health apps, healthcare providers can supply education, advice and coaching to patients through a channel that is convenient for both parties. This reflects the rising trend of people being able to take their healthcare into their own hands without missing out on the benefits of a sympathetic physician, and augmenting their lives to be fitter and happier.

Tele-health services provide people with ready access to medical advice regarding common ailments, which often do not require a trip to an actual healthcare facility. Driven by contractual agreements between technology companies, insurers and healthcare providers, tele-health enables the provision of highly effective healthcare at a fraction of the cost for providers and patients alike.

As is to be expected, there has been a large amount of concern surrounding these trends due to fears of subpar healthcare, especially as the world population ages and people are increasingly wary of new technologies. However, the recent success of tele-medicine, m-health and tele-health initiatives as well as their incredible cost savings have nonetheless led to significantly rising adoption rates. This goes hand-in-hand with the trend of patients taking more responsibility for their own healthcare and reducing the strain on healthcare facilities.

Winter Green Research expects these three markets together to reach a valuation of more than $45 billion by 2021, a staggering increase over 2014’s $1.5 billion. The implementation of these technologies and services across the healthcare industry shows great promise for improving the internal operational efficiency of facilities, as well as the overall health and well-being of the population.

Edited by Stefania Viscusi

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