Global Telemedicine Market
Positioned to reach $78.3 billion by 2025*
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According to the American Medical Association, approximately 70% of doctor visits and 40% of ER visits could be avoided with a telemedicine consultation* and an increasing number of chronic conditions can be remotely handled effectively with mHealth.
The number of patients using telehealth services is rapidly rising from around 350,000 in 2013 to 7 million in 2018.* In the US alone, the telehealth virtual visits market is expected to reach US$813 million in 2021 growing at 18%.*
Furthermore, a report released by the Association of American Medical Colleges predics that by 2025 there will be between 60,000 and 90,000 fewer doctors in the United States. Primary care doctors, in particular, are in short supply. The report estimates that between 12,500 and 31,000 primary care doctors will be needed even as retail clinics, outpatient centers and other models use more nurse practitioners, physician assistants and other health professionals.
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Proliferation of smartphones, iPads and mobile wireless devices
Availability and low cost of data transmission and storage
The need for providers to offer services on an out-patient basis
Consumers monitoring parents' health, with updates on well-being
Interest among wireless carriers in developing new revenue sources
Increase healthcare costs, including treatment of chronic diseases
Baby boom generation getting older and requiring more medical care
Helps solve shortage of primary care doctors
Addresses costs & improves health outcomes
Reduces preventable readmissions
Shortens hospital stays
It's reimbursable!
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