SOURCE: MarketResearch.com

MarketResearch.com

February 15, 2011 10:08 ET

Telemedicine Market Expected to Grow 18.6% Annually Through 2015

ROCKVILLE, MD--(Marketwire - February 15, 2011) - MarketResearch.com has announced the addition of BCC Research's new report "Telemedicine: Opportunities for Medical and Electronic Providers" to their collection of Information Technology market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6060400

Companies require clarity regarding the main markets for telemedicine technologies and services. BCC is interested in providing a comprehensive market forecast for multiple market segments (e.g., technologies, services, applications, geographical).

There has been a global focus on the use of telemedicine as a tool to cut down healthcare costs and bring about mammoth savings. BCC is interested in studying the ways in which collaborative healthcare can be better and more economically implemented through telemedicine. Recently announced best practices to cut down global healthcare costs, including outsourced medical services, home-based treatment, intervention as opposed to post treatment, integrated information technology (IT) environments, increased efficiency of healthcare resources, and reducing billing gaps, all point toward the increasing use of telemedicine.

BCC aims to identify the key success factors in the telemedicine market and to gauge the ways in which this market can significantly affect larger markets such as healthcare, health insurance, home care, telecommunications (telecom), networking, disease management, e-health, and healthcare IT. The report is well-timed, as major Tier I stakeholders are entering the telemedicine market.

The global telemedicine market is expected to grow from $9.8 billion in 2010 to $23 billion in 2015, at a compound annual growth rate (CAGR) of 18.6% over the next 5 years.

The global telehospitals/clinics market in 2009 was $5.6 billion and accounted for 71% of the total Telemedicine market. This sector is worth $6.9 billion in 2010 and is expected to reach $15 billion in 2015, a compound annual growth rate (CAGR) of 16.8%.

The telehome market, which represented 28.5% of the market in 2009, is expected to capture nearly 35% by 2015. This sector is valued at nearly $2.9 billion in 2010 and is expected to increase at a 22.5% compound annual growth rate (CAGR) to reach $7.9 billion in 2015.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6060400

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