Telemedicine - A Global Update of Market Trends & Opportunities
Telemedicine, offering quality services with significant cost savings, has given a new dimension to the healthcare sector. Although telemedicine programs have been in vogue for nearly half a century, the recent health care reforms have been instrumental in promoting the increased usage of such applications. Telemedicine services are used in several medical areas including diabetes control, primary health care, psychiatry, genetics, radiology, pathology, cardiology, dermatology and pediatrics, among others. Telemedicine programs have proved cost effective, and with curtailment of health care expenditures becoming one of the major concerns, such programs are being increasingly implemented in several nations across the globe. Telemedicine currently finds application in majority of medical domains including radiology, cardiology, dermatology, psychiatry, dentistry, pediatrics and pathology, among others.
These and other market data and trends are presented in "Telemedicine: A Global Update of Market Trends & Opportunities" by BizAcumen, Inc. Our reports are designed to be most comprehensive in geographic coverage and vertical market analyses
TELEMEDICINE BMR-1065
CONTENTS
1. METHODOLOGY 1
Study Reliability and Reporting Limitations 1
Disclaimers 2
Quantitative Techniques & Reporting Level 3
2. GLOBAL MARKET OVERVIEW AND OUTLOOK 4
Factors Influencing the Market 4
Advantages of Telemedicine 4
Patient Perspective 4
Hospital Perspective 5
Significance of Telemedicine in the Current Scenario 5
Application of Telemedicine 5
Market Dynamics 6
Telemedicine Gaining Popularity 6
The Preferred Choice of Consultants 6
Telemedicine Experiences Expansion in Application Areas 6
Objectives Vary for Developing and Developed Nations 6
Cellular Communication to Reform Telemedicine Sector 7
Reduced Device Prices Boost Market Growth 7
Wireless Technology Gains Prominence 7
Rising Radiology Volumes Boost Teleradiology Market 8
Equal Opportunities for IT Companies 8
Telemedicine Moves Closer to Home 8
Customized Email Telemedicine - Beneficial for High-Volume
Consultations 9
Surgical Teleconsultation Brings in New Expertise 9
Rise in Demand for Deployable Telemedicine Equipment 10
Reimbursement Scenario 10
Factors Limiting Market Growth 10
Expanding Reach Increases Risks 11
Competitive Factors 11
3. PRODUCT FACTS 12
Telemedicine 12
Technology 12
Hardware/Equipment 12
Software 12
Telecommunications & Network 12
Services 12
4. CORPORATE DEVELOPMENTS 13
EMSC Pockets Templeton 13
Telemedicus Becomes a Member of the American Telemedicine
Association 13
Alcatel-Lucent to Partner with Telemedicine Service Provider
in the US 14
InTouch Technologies Inks Agreement with Genentech 14
TeleHealth Services Takes Over Pathware’s IHL Assets 14
Retail Pharmacies and PBMs Merge Health Information Networks 14
Virtual Radiologic Acquires Diagna Radiology 15
SHL Secures US FDA Approval 16
Card Guard Secures FDA Approval for LifeStar ACT III Platinum 16
My Healthy Access Partners with NuPhysicia 16
Royal Philips to Acquire VISICU 17
Healthanywhere Partners with We Care Health Services 17
CompuGROUP Acquires Majority Stake in All for One 18
Cegedim Enters into Agreement with Telehealth Solutions 18
t+ Medical Takes Over Vivatec 18
TeleVital India Receives Telemedicine Solution Contract from
TCIL 19
AMD Supplies Telemedicine Equipment in Afghanistan 19
Apollo Telemedicine and Ericsson to Sign MoU 19
Infinity I-China Invests in China Medicine On-Line 20
Intelsat and iDirect Partners with Children’s National Medical
Center 20
Johns Hopkins Selects Eceptionist 21
Swedish Medical Deploys Oracle® ECM Software 21
Colubris Enrolls into the Polycom ARENA Partner Program 21
RTX Healthcare Unveils New Wireless Telehealth Monitor 22
Aerotel Launches e-CliniQ Wireless Homecare System 22
eHealth Global Launches eHealthConnect Online Request System 23
HMSA to Launch Novel Healthcare Solution 23
Mennen Medical Introduces VitaLogik® 4000 Series Patient Monitor 24
Siemens Healthcare Introduces ARTISTE Solution 24
DW Healthcare Partners Divests The Radlinx Group 24
NightHawk Radiology Acquires Radlinx 25
NightHawk Radiology Acquires Teleradiology Diagnostic Service 25
Bosch Acquires Majority Stake in Health Hero 25
CardioNet Acquires PDSHeart 25
WorldCare Clinical Partners with University of Chicago 25
Viterion Bags Supply Contract from VNSNY 26
Philips Secures Telehealth GPO Contract from CAHSAH 26
LAN Enters into Agreement with EnovateIT 27
IgeaCare Acquires VaaSah 27
AOK Rheinland/Hamburg Joins Cologne Telemedicine Net 27
TANDBERG Acquires Codian 27
Teleradiology Solutions Partners with National Health Group 28
Yunnan Sunpa Enters into Joint Venture with SRIT 28
Apollo to Establish a Health Superhighway 28
Aerotel Takes Over Tadiran LifeCare 29
CardioNet Enters into Partnership with Cardiac Telecom 29
Invivo Inks Agreement with Philips Medical 29
Apollo Telemedicine Changes Name to Apollo PACS 29
Apollo PACS Inks Collaboration Agreement with NDMA 29
Philips Secures Telehealth Contract from VNAA 30
Cardiac Science HeartCentrix ECG Connects with MicroMD® EMR
of Henry 30
Cardiac Science Enters into Agreement with GEMMS 31
Honeywell to Partner with Procura 31
Franklin & Seidelmann Takes Over Apex Radiology 32
TeleVital Launches Telemedicine Service 32
WCC Launches WorldPRO Technology Software Platform 32
Honeywell Introduces Telehealth Ecosystem 32
Cardiac Science Introduces Quinton Q-Tel RMS 3.0
Rehabilitation System 33
SHL Introduces Advanced ECG Transmission Device 33
5. MAJOR PLAYERS 34
Aerotel Medical Systems Limited (Israel) 34
AMD Telemedicine, Inc. (USA) 34
Apollo PACS, Inc. (USA) 34
Card Guard Group (Switzerland) 34
CardioNet, Inc. (USA) 35
Cerner Corporation (USA) 35
Cybernet Systems Corporation (USA) 35
GE Healthcare Ltd (UK) 35
Honeywell HomMed LLC (USA) 35
Invivo Corp. (USA) 35
Johns Hopkins Medicine (USA) 35
Mennen Medical Corp. (Israel) 36
NightHawk Radiology Services LLC (USA) 36
Philips Healthcare (Netherlands) 36
Polycom, Inc. (US) 36
SHL TeleMedicine Ltd. (Israel) 36
Siemens Healthcare (Germany) 37
TANDBERG (Norway) 37
TeleVital, Inc. (USA) 37
Templeton Readings LLC (USA) 37
United Therapeutics Corporation (USA) 37
Welch Allyn Protocol, Inc. (USA) 38
WorldCare International, Inc. (USA) 38
6. GLOBAL MARKET ANALYTICS 38
7. THE UNITED STATES 44
Market Overview 44
Telemedicine: The Perfect Solution for Rural America’s
Healthcare Issues 44
Globalization of US Telemedicine 45
US Telemedicine: Prospects and Challenges 45
Reimbursement Scenario 45
Lack of Uniform Policy 46
Reimbursement Policies in State 46
Complications of Managed Care 47
Private Payer Reimbursement: A Move Towards Better Future 47
Unconventional Payers 47
Overview of Select Payers for Reimbursement 47
Medicare 47
Medicare Expands Eligible Originating Sites 48
Center for Medicare and Medicaid Services (CMS) 48
Teleradiology Services Market 48
Expanding Radiology Volumes Boost Teleradiology Services Market 49
Videoconferencing Systems & Telemedicine 50
Competition 50
Teleradiology Services Market 51
Telecardiology Systems and Services Market 51
8. CANADA 53
Market Overview 53
9. JAPAN 54
10. EUROPE 56
a. France 59
b. Germany 60
c. Italy 61
d. The United Kingdom 62
e. Rest of Europe 63
11. ASIA-PACIFIC 64
Rising Healthcare Costs & Aging Population Aid Telemedicine
Market Growth 64
Major Markets 64
China 64
India 65
Healthcare Market: An Overview 65
Telemedicine: What’s in Store 65
Tele-Radiology Outsourcing to India on Rise 66
Australia 66
12. REST OF WORLD 68
Major Regions 68
Brazil 68
Nigeria 68
Armenia 68
Kazakhstan 68
EXHIBITS
Table 1: Percentage Breakdown of Global Telemedicine
Technology Market by Usage for Wireless and Wireline Systems -
2010E
Table 2: Percentage Breakdown of Telemedicine Market by
Segment in the World - 2008
Table 3: Percentage Breakdown of Global Telemedicine
Videoconferencing Systems and Services Market by Specialty-
2010E
Table 4: Global Telemedicine Market by Region for the Period
2007-2015 (Sales in US$ Million)
Table 5: Percentage Breakdown of Global Telemedicine Market by
Region for the Years 2009 & 2012
Table 6: Global Telemedicine Technology Market by Region for
the Period 2007-2015 (Sales in US$ Million)
Table 7: Percentage Breakdown of Global Telemedicine
Technology Market by Region for the Years 2009 & 2012
Table 8: Global Telemedicine Hardware/Equipment Market by
Region for the Period 2007-2015 (Sales in US$ Million)
Table 9: Percentage Breakdown of Global Telemedicine
Hardware/Equipment Market by Region for the Years 2009 & 2012
Table 10: Global Telemedicine Software Market by Region for
the Period 2007-2015 (Sales in US$ Million)
Table 11: Percentage Breakdown of Global Telemedicine Software
Market by Region for the Years 2009 & 2012
Table 12: Global Telemedicine Telecommunications & Network
Market by Region for the Period 2007-2015 (Sales in US$
Million)
Table 13: Percentage Breakdown of Global Telemedicine
Telecommunications & Network Market by Region for the Years
2009 & 2012
Table 14: Global Telemedicine Services Market by Region for
the Period 2007-2015 (Sales in US$ Million)
Table 15: Percentage Breakdown of Global Telemedicine Services
Market by Region for the Years 2009 & 2012
Table 16: Percentage Shares of Teleradiology Services Usage by
Function in the US - 2007
Table 17: Percentage Breakdown of Telemedicine
Videoconferencing Systems and Services Market by Specialty -
2008
Table 18: Percentage Breakdown of Teleradiology Service
Providers in the US - 2007
Table 19: Percentage Breakdown of Ambulatory Cardiac Event
Monitoring Devices Manufacturers in the US - 2007
Table 20: Percentage Breakdown of Cardiac Event Monitoring
Services Providers in the US - 2007
Table 21: Telemedicine Market by Segment in the US: 2007-2015
(Sales in US$ Million)
Table 22: Percentage Breakdown of Telemedicine Market by
Segment in the US for the Years 2009 & 2012
Table 23: Telemedicine Market by Segment in Canada: 2007-2015
(Sales in US$ Million)
Table 24: Percentage Breakdown of Telemedicine Market by
Segment in Canada for the Years 2009 & 2012
Table 25: Telemedicine Market by Segment in Japan: 2007-2015
(Sales in US$ Million)
Table 26: Percentage Breakdown of Telemedicine Market by
Segment in Japan for the Years 2009 & 2012
Table 27: Telemedicine Market by Region in Europe: 2007-2015
(Sales in US$ Million)
Table 28: Percentage Breakdown of Telemedicine Market by
Region in Europe for the Years 2009 & 2012
Table 29: Telemedicine Market by Product Segment in Europe:
2007-2015 (Sales in US$ Million)
Table 30: Percentage Breakdown of Telemedicine Market by
Segment in Europe for the Years 2009 & 2012
Table 31: Telemedicine Market by Product Segment in France:
2007-2015 (Sales in US$ Million)
Table 32: Percentage Breakdown of Telemedicine Market by
Segment in France for the Years 2009 & 2012
Table 33: Telemedicine Market by Product Segment in Germany:
2007-2015 (Sales in US$ Million)
Table 34: Percentage Breakdown of Telemedicine Market by
Segment in Germany for the Years 2009 & 2012
Table 35: Telemedicine Market by Product Segment in Italy:
2007-2015 (Sales in US$ Million)
Table 36: Percentage Breakdown of Telemedicine Market by
Segment in Italy for the Years 2009 & 2012
Table 37: Telemedicine Market by Segment in the UK: 2007-2015
(Sales in US$ Million)
Table 38: Percentage Breakdown of Telemedicine Market by
Segment in the UK for the Years 2009 & 2012
Table 39: Telemedicine Market by Product Segment in Rest of
Europe: 2007-2015 (Sales in US$ Million)
Table 40: Percentage Breakdown of Telemedicine Market by
Segment in Rest of Europe for the Years 2009 & 2012
Table 41: Telemedicine Market by Product Segment in Asia
Pacific: 2007-2015 (Sales in US$ Million)
Table 42: Percentage Breakdown of Telemedicine Market by
Segment in Asia Pacific for the Years 2009 & 2012
Table 43: Telemedicine Market by Product Segment in Rest of
World: 2007-2015 (Sales in US$ Million)
Table 44: Percentage Breakdown of Telemedicine Market by
Segment in Rest of World for the Years 2009 & 2012
COMPANIES PROFILED
