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Top Ten Companies in Telemedicine Technologies

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.

INTRODUCTION

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:

  • Alcatel-Lucent.
  • AMD Telemedicine Inc.
  • Cardiocom.
  • Cisco.
  • Honeywell Hommed.
  • International Business Machines Corp.
  • LifeWatch AG.
  • Polycom.
  • 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.

SCOPE

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.

Table of Contents

Top Ten Companies in Telemedicine Technologies

Chapter - 1: INTRODUCTION - Complimentary

  • REASONS FOR THE STUDY
  • STUDY GOALS AND OBJECTIVES
  • INTENDED AUDIENCE
  • SCOPE
  • METHODOLOGY
  • RELATED BCC REPORTS
  • BCC ON-LINE SERVICES
  • DISCLAIMER

Chapter - 2: TELEMEDICINE OVERVIEW

  • STRUCTURE
  • KEY PLAYING FIELDS IN TELEMEDICINE
    • CHANGING HEALTHCARE PARADIGM: INEVITABLE NEED FOR TELEMEDICINE
      • Increasing Chronic Diseases
      • Complexity of the Healthcare Network
      • Rising Cost of Home Care
      • Increasing Number of Aging Patients Requiring Daily Care
      • Higher Spending on IT
      • Moving from Treatment to Early Intervention
      • Shortages of Healthcare Personnel and Increasing Workloads
    • NEED FOR BETTER CLINICAL OUTCOMES
    • GROWING INVESTMENTS IN TELEMEDICINE
    • TELEMEDICINE DRIVEN BY THE RISING E-HEALTHCARE MARKET
    • INCREASING FOCUS OF COMPANIES ON TELEMEDICINE AS A KEY MARKET DIFFERENTIATOR
    • IMPROVED TECHNOLOGY INFRASTRUCTURE SPURRING GROWTH IN TELEMEDICINE
    • ENTRY OF TIER I PLAYERS EXPANDING MARKET SCOPE
    • CENTRALIZED EHR AND EMR ARE DRIVING THE NEED FOR TELEMEDICINE
    • INCREASING ACCEPTANCE OF TELEMEDICINE BY PATIENTS
      • Figure 2: WINNING IMPERATIVES FOR TELEMEDICINE: TELEHOME CARE, TELEHOSPITAL B2B, TELEHOSPITAL B2C
  • KEY CHALLENGES
  • TECHNICAL
  • OPERATIONAL AND SOCIAL ISSUES
    • Training and Accreditation
    • Availability of Telecommunications Bandwidth
    • Market Awareness
  • LEGAL AND REGULATORY ISSUES
    • Device Safety and Effectiveness
    • Privacy
    • Practitioner and Facility Licensure
    • Medical Liability and Malpractice Issues
  • STANDARDS
    • Figure 5: MAJOR CHALLENGES FACED BY TELEMEDICINE PROGRAMS
    • Figure 6: CHALLENGES IN TELEMEDICINE: ECONOMICS VERSUS CLINICAL OUTCOME
  • MARKET DYNAMICS
    • Figure 7: CASH COWS IN TELEMEDICINE

Chapter - 3: MARKET SUMMARY

  • MARKET DRIVERS
    • Figure 8: TELEMEDICINE MARKET DRIVERS
  • TELEMEDICINE MARKET STRUCTURE OVERVIEW
    • MAJOR GEOGRAPHICAL SEGMENTS
      • Table 1: TELEMEDICINE MARKET BY GEOGRAPHY, THROUGH 2016
    • TECHNOLOGIES AND SERVICES
    • Table 2: FORECAST FOR THE TELEMEDICINE HARDWARE, SOFTWARE AND SERVICE MARKET, THROUGH 2016
    • Figure 10: TELEMEDICINE SERVICE MARKET
    • Figure 9: TELEMEDICINE MARKET STRUCTURE
  • TELEMEDICINE APPLICATIONS
  • TELEMEDICINE STAKEHOLDERS
    • Figure 11: TELEMEDICINE STAKEHOLDERS MARKET STRUCTURE
    • Table Summary: THE GLOBAL TELEHOME AND TELEHOSPITAL MARKET, THROUGH 2016

Chapter - 4: COMPANIES

  • ALCATEL-LUCENT
    • COMPANY OVERVIEW
    • BELL LABS
    • KEY PRODUCTS AND SERVICES
    • FINANCIAL INFORMATION
      • 2011 Key Data
      • Revenues by Region
      • Revenues by Segment
      • 2012 Q2 & Q3 Key Figures
    • MANAGEMENT
  • AMD TELEMEDICINE INC.
    • COMPANY OVERVIEW
    • KEY PRODUCTS
    • RECENT NEWS
    • MANAGEMENT
  • CARDIOCOM
    • COMPANY OVERVIEW
    • KEY PRODUCTS AND SERVICES
    • ENTERPRISE INTERFACES
    • ALLIANCES
    • MANAGEMENT
  • CISCO
    • COMPANY OVERVIEW
    • CISCO HEALTHPRESENCE 2.5
    • CISCO FINANCIAL INFORMATION
    • MANAGEMENT
  • HONEYWELL HOMMED
    • COMPANY OVERVIEW
    • KEY PRODUCTS AND SERVICES
    • MANAGEMENT
  • INTERNATIONAL BUSINESS MACHINES CORP.
    • COMPANY OVERVIEW
    • IBM AND POLYCOM
    • IBM'S BLUE SPRUCE
      • COPD Gene Study and Blue Spruce
      • iTelepsych.com and Blue Spruce
    • MANAGEMENT
  • LIFEWATCH AG
    • COMPANY OVERVIEW
    • KEY PRODUCTS AND SERVICES
      • LifeStar PMP Wireless Tele-diagnositc System
      • LifeStar ACT (Ambulatory Cardiac Telemetry)
      • Holter Monitoring
      • Clinical Research Services
      • NiteWatch Home Sleep Testing
      • LifeWatch V
    • LIFEWATCH AG FINANCIAL INFORMATION
      • 2011 Annual Figures
      • 2011 Revenue Breakdown of $82.2 Million
      • 2012 Q3 Financial Highlights
    • MANAGEMENT
  • POLYCOM
    • COMPANY OVERVIEW
    • POLYCOM AND IBM
    • POLYCOM FINANCIAL INFORMATION
    • MANAGEMENT
  • ROBERT BOSCH HEALTHCARE
    • COMPANY OVERVIEW
    • KEY PRODUCTS AND SERVICES
      • The Bosch Health Buddy System
        • Figure 17: BOSCH HEALTH BUDDY SYSTEM
      • T400 Telehealth System
      • Serious Mental Illness.
    • MANAGEMENT
  • SHL TELEMEDICINE LTD.
    • COMPANY OVERVIEW
    • KEY PRODUCTS AND SERVICES
      • The CardioSen'C
        • Smartheart
          • Figure 19: SHL TELEMEDICINE'S SMARTHEART
    • SHL TELEMEDICINE FINANCIAL INFORMATION
      • 2011 Figures
      • Q3 2012 Figures
    • MANAGEMENT
  • OTHER COMPANIES TO WATCH
    • AEROTEL MEDICAL SYSTEMS LTD.
    • AMERICAN TELECARE INC.
    • CYBERNET MEDICAL CORP.
    • INTOUCH TECHNOLOGIES
    • MEDIC4ALL
    • NUMERA

List of Tables

  • Summary Table: THE GLOBAL TELEHOME AND TELEHOSPITAL MARKET, THROUGH 2016
    • Table 1: TELEMEDICINE MARKET BY GEOGRAPHY, THROUGH 2016
    • Table 2: FORECAST FOR THE TELEMEDICINE HARDWARE, SOFTWARE AND SERVICE MARKET, THROUGH 2016

List of Figures

  • Figure 1: STRUCTURE OF A TELEMEDICINE NETWORK
  • Figure 2: WINNING IMPERATIVES FOR TELEMEDICINE: TELEHOME CARE, TELEHOSPITAL B2B, TELEHOSPITAL B2C
  • Figure 3: TELEMEDICINE: KEY TO E-HEALTHCARE
  • Figure 4: INCREASING ACCEPTANCE OF TELEMEDICINE BY PATIENTS
  • Figure 5: MAJOR CHALLENGES FACED BY TELEMEDICINE PROGRAMS
  • Figure 6: CHALLENGES IN TELEMEDICINE: ECONOMICS VERSUS CLINICAL OUTCOME
  • Figure 7: CASH COWS IN TELEMEDICINE
  • Figure 8: TELEMEDICINE MARKET DRIVERS
  • Figure 9: TELEMEDICINE MARKET STRUCTURE
  • Figure 10: TELEMEDICINE SERVICE MARKET
  • Figure 11: TELEMEDICINE STAKEHOLDERS MARKET STRUCTURE
  • Figure 12: THE AMD-400S CAMERA
  • Figure 13: AMD TELEMEDECINE'S AMD2500 CAMERA, ISOMETRIC AND REAR VIEWS
  • Figure 14: AGNES 3.0 WEB PORTAL
  • Figure 15: COMMANDER AND COMMANDER FLEX
  • Figure 16: GENESIS DM AND GENESIS TOUCH
  • Figure 17: BOSCH HEALTH BUDDY SYSTEM
  • Figure 18: SHL TELEMEDICINE'S CARDIOSEN'C
  • Figure 19: SHL TELEMEDICINE'S SMARTHEART
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