Published Date : Mar 14, 2016
Albany, New York, March 14, 2016: As home-based medical care turns conventional medical paradigms on their head, the convergence of telemedicine and m-health becomes all the more integral. A new report now available on MarketResearchReports.biz analyzes the scope for the growth of the global telemedicine and m-health convergence market. The report, titled ‘Push To Talk Telemedicine And M-Health Convergence: Market Shares, Strategies, And Forecasts, Worldwide, 2013 To 2019,’ states that the convergence of these two technologies will help their markets earn considerable revenue in the coming years. The integration of push-to-talk devices into telemedicine systems will be a defining aspect of future communication between clinicians and their patients.
The report states that the market for telemedicine push-to-talk (PTT) software and dedicated devices market will be worth US$4.4 billion by 2019. Likewise, the markets for m-health and telemedicine will have a valuation of US$1.5 trillion by 2019.
The report is composed of 791 information-packed pages and is also features as many as 278 figures and tables to support the reports. This study was published in 2013 and covers the projected market scenario until 2019. Several factors at once are pushing telemedicine and m-health convergence markets across the world. The most elemental driving force is the growing emphasis on leading a healthy life. Numerous studies have evidenced that regular exercise and healthy lifestyle choices can bring about changes in the body at the molecular level. Such changes can, to some degree, reverse signs of aging and prolong a person’s life. The other important trend is the availability of clinical reimbursement options, which encourages patients to avail clinical assistance, even if it means paying up for the same.
These trends have resulted in more communication being required between patients and their medical advisors. That in turn has stoked a demand for better communication between the two parties, resulting in companies bringing products such as push-to-talk devices to the market. Patients now customarily use push-to-talk devices to consult with their medical advisors or to help the latter monitor their health when engaging in strenuous physical activity (in patients classified as high-risk).
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Already, offerings such as IBM Watson have shown their efficacy in helping clinicians provide tailored treatment to patients by deeply analyzing the former’s healthcare data. The convergence of m-health and tele-medicine will make it easier for patients to receive high-quality healthcare in the comfort of their home. And, with telemedicine now increasingly being delivered via smartphones, the scene has been set for the strong growth of the telemedicine and m-healthcare convergence market.
Another trend that is coming to the fore in the telemedicine and m-health convergence market is that the use of proprietary devices to deliver telemedicine is becoming obsolete. Presently, Kyocera leads the market in terms of push-to-talk telemedicine phones. Honeywell and Samsung, too, have entered this space with a strategic alliance to launch a smartphone model for telemedicine and m-health.
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