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.
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.
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.
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.
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.
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