Industry Insiders Believe 2016 Will be a Big Year for Telemedicine Research and Services
July 10, 2018
Telemedicine software and telemental health solutions have become a significant part of the overall healthcare industry. The increasing amounts of ongoing telemedicine research are helping to improve the industry at a rapid rate. Today, more and more people are beginning to take notice of this revolutionary field.
One study of 8,000 patient care outcomes who used telemedicine services found no difference between the virtual appointment and an in-person office visit. In another survey, 89% of healthcare executives said they expect telemedicine to transform the U.S. healthcare system in the next decade.
These facts only reinforce the beliefs by many familiar with the industry that 2016 will be a potentially historic year for telemedicine research. Long-time information technology reporter, Joseph Conn, wrote an article the first of this year for the healthcare news source Modernhealthcare.com speculating as much.
“2016 will be a year in which telehealth service delivery increasingly becomes central to the healthcare industry,” Conn wrote. “Technology watchers envision rapid acceleration in the adoption of telehealth services to address the needs of patients and providers as health systems increasingly are paid through value-based models.”
This is not just the belief of one random blogger either. Previous studies have estimated similar results. In 2013, for example, the total worldwide revenue for telehealth devices and services was about $440.6 million and is expected to reach $4.5 billion in 2018. Overall, the global telemedicine market is expected to increase from $11.6 billion in 2011 to $27.3 billion in 2016.
“2016 is the time for telehealth,” said Nathaniel Lacktman, a partner at Foley and Lardner who specializes in telehealth technologies.
Telemedicine research and the resulting telemedicine products is expected to help increase the number of patients using such services from 350,000 in 2013 to an astounding 7 million in 2018. With lofty expectations like these, industry insiders believe 2016 could be the year telemedicine trends really pop.