News | Teleradiology | May 13, 2020

Demand for telehealth will soar by 64.3% in the U.S. in 2020 as the COVID-19 pandemic disrupts the practice of medicine and the delivery of healthcare

Frost & Sullivan's recent analysis, Telehealth—A Technology-Based Weapon in the War Against the Coronavirus, 2020, finds that the demand for telehealth technology is expected to rise dramatically as the COVID-19 pandemic continues to disrupt the practice of medicine and the delivery of healthcare worldwide.

May 13, 2020 — Frost & Sullivan's recent analysis, Telehealth—A Technology-Based Weapon in the War Against the Coronavirus, 2020, finds that the demand for telehealth technology is expected to rise dramatically as the COVID-19 pandemic continues to disrupt the practice of medicine and the delivery of healthcare worldwide. The telehealth market in the United States is estimated to display staggering seven-fold growth by 2025, resulting in a five-year compound annual growth rate (CAGR) of 38.2%. In 2020, the telehealth market is likely to experience a tsunami of growth, resulting in a year-over-year increase of 64.3%.

"The critical need for social distancing among physicians and patients will drive unprecedented demand for telehealth, which involves the use of communication systems and networks to enable either a synchronous or asynchronous session between the patient and provider," said Victor Camlek, Healthcare Principal Analyst at Frost & Sullivan. "However, all stakeholders need to remember that many people use the terms 'telehealth' or 'telemedicine' without understanding the ecosystem that is involved. This study will clarify the many components that are needed in order to implement telehealth."

Camlek added: "Across the market segments, virtual visits and remote patient monitoring (RPM) will propel the overall market of telehealth, followed by mHealth and personal emergency response systems (PERS). Further, patients will benefit if data from RPM is fully available to virtual visit providers. This trend will demonstrate the benefit of integrated services. The trauma resulting from the COVID-19 crisis will lead to a clear growth opportunity for one-stop virtual visit and RPM solutions."

The opportunity for telehealth products and services to become a standard of care is growing. The challenge facing these technology and healthcare providers will focus on their ability to scale-up to this unprecedented demand. Growth in the telehealth space will be sustained beyond the COVID-19 pandemic for the vendors who can deliver:

  • User-friendly sensors and remote diagnostic equipment that yield a high rate of successful patient outcomes following the telehealth experience.
  • Practical applications of artificial intelligence (AI), Interactive Virtual Assistants (IVAs), and robotics that expand the telehealth deployment model.
  • Deployment of big data analytics that can help researchers learn more about the way COVID-19 progresses among diverse patient populations.
  • Adherence to cybersecurity and privacy regulations that avoid data breaches following the use of telehealth services.
  • Measurable data that confirms the value of telehealth and influences regulatory agencies at the federal and state levels to extend all emergency waivers beyond the pandemic.

Watch the related VIDEO: Telemedicine in Cardiology and Medical Imaging During COVID-19

For more information: www.frost.com

Related Content

News | Radiology Imaging

June 21, 2022 — After less than two years of data collection and processing, the Radiological Society of North America ...

Time June 21, 2022
arrow
News | Breast Imaging

June 10, 2022 — According to a new study, use of breast imaging services — including mammography screening — may remain ...

Time June 10, 2022
arrow
News | Breast Imaging

June 9, 2022 — DetectedX announced that it has been selected by the National Breast Screening Programme in Ireland ...

Time June 09, 2022
arrow
News | Digital Radiography (DR)

June 8, 2022 — MinXray continues to enhance the diagnostic capabilities of its digital radiography systems with the ...

Time June 08, 2022
arrow
News | Electronic Medical Records (EMR)

June 2, 2022 — Jersey Community Health (JCH), a 15-clinic hospital network in Jerseyville, IL, has increased revenue and ...

Time June 02, 2022
arrow
Feature | Radiology Business | By Melinda Taschetta-Millane

Here is what you and your colleagues found to be most interesting in the field of medical imaging during the month of ...

Time June 01, 2022
arrow
News | Contrast Media

June 1, 2022 — The current shortage of iodinated contrast in the United States due to the COVID-19 related production ...

Time June 01, 2022
arrow
News | Coronavirus (COVID-19)

June 1, 2022 — According to ARRS’ American Journal of Roentgenology (AJR), evaluating chest CT findings offers an ...

Time June 01, 2022
arrow
News | Coronavirus (COVID-19)

May 24, 2022 — A special type of MRI found lung abnormalities in patients who had previously had COVID-19, even those ...

Time May 24, 2022
arrow
News | Coronavirus (COVID-19)

May 23, 2022 — The clinical and imaging characteristics of COVID-19 breakthrough infections in fully vaccinated patients ...

Time May 23, 2022
arrow
Subscribe Now