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Press Release
2003/12/26

Telemedicine Market in State of Flux

The market for products and technologies used in the remote delivery of healthcare, from telemonitoring to telesurgery, is in a state of change in which a steady rate of technology development is progressively being adopted by healthcare providers and accepted by third party payers. According to a new report from MedMarket Diligence, this rate of development and adoption is driving a $243 million U.S. market for telemedicine products and services. "Healthcare providers -- at all sites of service, including hospitals, health networks, physicians offices, clinics, homecare providers and others -- are steadily adopting telemedicine applications as routine parts of healthcare delivery in the U.S.," says Patrick Driscoll, President of MedMarket Diligence. "Combined with acceptance by third party payers, telemedicine is already, or is soon to be, a routine part of cardiology, dermatology, teleradiology, ENT, emergency medicine, gastroenterology, home care, neurology, oncology, ophthalmology, mental health, telerehabilitation, telepathology and eventually even telesurgery." The $243 million U.S. telemedicine market is split between teleconferencing equipment and services in telemedicine at $190 million and growing at 14% annually, and telemedicine equipment and services other than for teleconferencing at $53 million and growing at around 20% annually, according to the report from MedMarket Diligence. The report reviews the products, technologies, applications, drivers, practices and trends in the telemedicine industry, providing insights to its growth and change over the next few years.

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Global Information Inc.(GII) - specializing in market research provision for the vertical industries, GII offers expert independent recommendations of publications from hundreds of the globe's leading market research firms. With offices in the US, Europe, Japan, Singapore, Korea and Taiwan, GII serves industry professionals around the clock, and provides support in English, Spanish, Korean, Chinese and Japanese.

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[Report]
Technologies, Products & U.S. Markets in Telemedicine, 2003

Published by : MedMarket Diligence
Pub Time: 2003/11
Product Code : med16756

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