Free Research Updates - Sign Up Today!
Rise of Medical Telemetry
September 1, 2013
"I enjoy questioning assumptions about healthcare delivery, particularly those that involve the assumed need for a patient and provider to meet face to face for healthcare to happen."
- Joseph Kvedar, MD
Telemedicine is the new field of using telecommunications devices to provide medical information over a distance. It is reducing the negative effect that distance has had on healthcare, providing medical services in situations where it was otherwise unobtainable.
This is a rapidly expanding industry. It is expected to reach a worldwide market value of over $45 billion by 2018 which drives a compound average growth rate of 17 percent on average annually. This year, telemetry equipment revenue is expected to reach close to $23 billion.