This report provides:
- Identification of the top 10 companies in telemedicine technologies and
the rationale behind these selections.
- Factors that include technical innovation, market leadership, and
commitment to this market via investment in products.
- When selecting these top 10 companies, BCC Research looked across the
industry spectrum and selected the most active and significant contributors
while recognizing that there are many other contenders. Some of these
“significant others” are included but to a less detailed extent
than the top 10 companies.
Today, healthcare is one of the top economic and social problems across the
globe. Put simply, the problem comes down to two factors: accessibility and
affordability. Here in America, it is reported that U.S. citizens spend twice
as much as citizens of other developed countries. However, citizens in the
U.S. also report lower quality, efficiency and access of service than citizens
in those same developed countries.
Globally, there is an increasing aging population plagued with chronic
disease. These factors, combined with a focus on prevention and advancements
in technologies, pharmaceuticals and treatments, will undoubtedly cause demand
for healthcare services to continue to increase into the future.
REASONS FOR THE STUDY
There has been a global focus on the use of telemedicine as a tool to cut down
healthcare costs and bring about mammoth savings. Implementation of the new
U.S. healthcare law will, if anything, intensify this focus by increasing the
number of people who have health insurance and are seeking medical services.
In the near to mid-term, telemedicine technologies offer one of the few ways
of enabling healthcare personnel to meet the increased demand without
unacceptable delays or other forms of de facto rationing.
There is interest in studying the ways in which collaborative healthcare can
be better and more economically implemented through telemedicine. Recently
announced best practices to cut down global healthcare costs, including
outsourced medical services, home-based treatment, intervention as opposed to
post treatment, integrated information technology (IT) environments, increased
efficiency of healthcare resources and reducing billing gaps, all point toward
the increasing use of telemedicine.
Given these factors, it seems timely that BCC identify the top 10 companies in
the telemedicine field and the key factors to success in the telemedicine
market that these companies are exploiting.
The report will also help gauge the ways in which this market can
significantly affect larger markets such as healthcare, health insurance, home
care, telecommunications (telecom), networking, disease management, e-health
and healthcare IT. This is also timely, as major tier-one stakeholders are
starting to enter the telemedicine market.
STUDY GOALS AND OBJECTIVES
This document is a specialty report related to the BCC Research report HLC014E
authored by Andrew McWilliams. The goal of this document is to provide a more
in-depth look at the top-tier telemedicine companies as well as some of the
second-tier companies to look for in the near future.
Key criteria used to determine top players in the field include:
- Financial standing.
- Established market presence.
- Positioning within the healthcare ecosystem.
- Company track record of deliverable solutions.
- End-to-end coverage vs. niche market solution.
- Parent and subsidiary company support.
- Intellectual property and strategic licensing portfolio.
In addition to this these factors that BCC has chosen to examine, BCC has
selected these 10 companies for this report that it feels are deserving of
recognition, and are leaders in their industry.
This list includes:
- AMD Telemedicine Inc.
- Honeywell Hommed.
- International Business Machines Corp.
- LifeWatch AG.
- Robert Bosch Healthcare.
- SHL Telemedicine Ltd.
As any top-10 list is invariably subjective, there are also several companies
profiled in less detail. These companies were on the bubble or should be
watched in the near future, as they are currently on the rise.
The scope of this report is focused on a select 10 companies in telemedicine
and the key areas in the field that are driving industry growth and allowing
these companies to succeed. These areas include home health care services,
monitoring services, medical devices and communications solutions.