Telehealth services market on steep upward trajectory
Revenue in the telehealth services industry is expected to grow by an annualized 30.7 percent to $320.2 million in the next five years, including revenue growth of 23.1 percent in 2014, according to industry research firm IBISWorld.
It defines telehealth services to include diagnosis, treatment, assessment, monitoring, communication and education delivered primarily through three kinds of technology: videoconferencing, remote patient monitoring and store-and-forward offerings, which transmit digital images between providers.
Advances such as wearable self-monitoring devices and digitized medical scans are propelling the rapid growth, along with skyrocketing costs, a looming doctor shortage and an aging population, according to an announcement.
Read more: FierceHealthIT