Telemedicine: Opportunities for Medical and Electronic Providers

BCC's goal in conducting this study was to strategically analyze the global market for telemedicine. Objectives of this study include the following:

1. Define new avenues in the telemedicine market, mainly in terms of cutting-edge technology development, value-added services, and newer applications. 2. Provide in-depth understanding of the economics of telemedicine in terms of new business models, a cost-benefit analysis, and as an investment business case. 3. Identify opportunities for all the stakeholders in telemedicine. 4. Make a comprehensive market forecast (2007 to 2012) of telemedicine and all its key subsegments.

Our key objective is to present a comprehensive analysis of the current telemedicine market and its future direction.

Scope of study

This report contains:

• Descriptions of various telemedicine technologies including hardware, software, telecom and network applications
• The current market status for telemedicine, trends and forecasts for growth over the next 5 years
• Discussion of cutting edge technology development, value-added services, and newer applications
• Thorough analyses of 91 patents
• Information about industry players, their strategic directives, product portfolios, and operational presence.

Report Highlights

• The global market for telemedicine increased from $4.8 billion in 2006 to an estimated $5.8 billion in 2007. It should reach $13.9 billion by 2012, a compound annual growth rate (CAGR) of 19%.
• The telehome market currently accounts for 22% of the market and is expected to capture almost 37% of the telemedicine market by 2012.
• The telemedicine service market is expected to grow from $3.6 billion in 2007 to $8.3 billion in 2012, mainly driven by the telehospital service market.