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.

We aren’t breathless reporters when it comes to projections. We like to keep you informed, though. On the low side, according to FierceHealthIT, research company IHS estimated last spring that US home health technology would reach only $5.8 billion by 2018;  iData Research’s March findings were that the US market for overall patient monitoring technology would be an even lower $5.1 billion. This Editor would suspect the US estimates would be 30 percent or more of the global totals. On the high side and contrasting to the last: according to Mobihealthnews, Kalorama Research’s latest report estimated $29.7 billion for the current global patient monitoring market (presumably all technologies), up 7 percent from last year. We report, you decide. BCC’s ‘Global Markets for Telemedicine Technologies’ will set you back a mere $6,650.

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