Home telehealth projected to outpace ‘telehospital’ by 2019

[grow_thumb image=”https://telecareaware.com/wp-content/uploads/2014/10/sales_profit.jpg” thumb_width=”150″ /]2019 share of the market 55 percent for telehome versus 45 percent for telehospital. If it’s October, there’s some new research for sale out there. BCC Research of Massachusetts is projecting a global $43.4 billion total market for both by 2019. Home telehealth, or what they call ‘telehome’, would lead the way with growth from $6.5 billion in 2013 to nearly $24 billion in 2019 with a 24 percent CAGR. ‘Telehospital’ clinical services, defined by the study as those provided within or between hospitals, clinics or other healthcare providers–which would include telemedicine and clinical monitoring–would grow at a 12 percent CAGR to $19.5 billion in 2019. Even allowing for differing ‘what is telehealth’ definitions, this is far more expansive than earlier estimates, and is interesting more for the trend than for the hard numbers. (more…)