Aging U.S. population spurs mobile health, remote patient monitoring
As the U.S. population continues to age, the demand for remote patient monitoring, video telemedicine and mobile health will intensify, predicts Frost & Sullivan.
In particular, telehealth video conferencing, whether over PCs or mobile devices, will become an accepted method of providing primary and specialty healthcare services, based on a survey of 95 telehealth stakeholders and discussions at the American Telemedicine Association's annual meeting.
The telehealth therapeutic areas with the most opportunities this year are mental health, diabetes and cardiovascular disease. The leading reasons for telehealth adoption include access to care, improved patient outcomes and cost savings, says Frost.
In addition, the increasing use of wearables and mobile health apps will fuel the mHealth segment of the telehealth market.
At the same time, concerns about patient privacy and safety, insufficient public and private reimbursement policies, and regulatory and licensing issues could slow telehealth adoption, Frost cautions.
Some of the leading telehealth vendors include Apple, Samsung, Google and Amazon.
"The momentum for telehealth is building rapidly as the practice of providing remote clinical services becomes entrenched in every aspect of healthcare in North America. Technological advancements that deliver rich, connected platforms with high visual and audio quality add to the business case for telehealth," says Nancy Fabozzi, Frost & Sullivan connected health principal analyst.
"As the scope of telehealth expands, a number of technology and services vendors will make their entry into the market. Disease-specific vendors, in particular, will seek to capitalize on specialist shortages in critical areas such as mental health and neurology," Fabozzi adds.