According to the 2016 Broadband Progress Report from Federal Communications Commission,
around 40% of rural Americans still lack access to broadband Internet. Furthermore, according
to the 5G Readiness Survey 2017, by Ericsson AB, 78% respondents of IT decision makers from
all major verticals including healthcare have accelerated their plans to incorporate 5G into their
IT infrastructure.
Increased adaptation of telehealth will significantly decrease the dependency on hospitals, and
enable accessibility to proper healthcare services from home. A report published in March 2017,
by NTCA-The Rural Broadband Association stated that, telemedicine could save thousand dollars
per year in healthcare and community costs, thereby, reducing significant cost spent on
transportation, medical facility, labor wages, and lab cost.
Government initiatives aid in boosting growth of the telehealth market
The new CONNECT (Creating Opportunities Now for Necessary and Effective Care Technologies)
for Health Act, introduced in June 2017, will promote cost savings and improve quality care in
Medicare through telehealth and remote patient monitoring, in the U.S. The new act will
provide efficient healthcare services to Medicare beneficiaries through telemedicine and remote
patient monitoring (RPM). In addition, the act permits the use of remote patient monitoring for
patients suffering with chronic conditions. In 2017, Southwest Telehealth Resource Center
(SWTRC), received US$ 975,000 cooperative agreement grant from the Federal Office for the
Advancement of Telehealth (OAT). Such grants will help in adoption of telehealth programs in
hospitals, clinic, and public health offices in the underserved areas in the U.S.
For More Details On this Report:
https://www.coherentmarketinsights.com/ongoing-insight/telehealth-market-1020
Key players in the telehealth market
Some of the key players operating in the telehealth market include Koninklijke Philips N.V.,
Medtronic plc, Tunstall Healthcare Group Ltd, McKesson Corporation, Medvivo Group Ltd.,
AMD Global Telemedicine, Inc., Vidyo, Inc., Cisco Systems, Inc., Care Innovations, LLC,
Honeywell Life Care Solutions, and General Electric Company.
About Coherent Market Insights
Coherent Market Insights is a prominent market research and consulting firm offering action-
ready syndicated research reports, custom market analysis, consulting services, and competitive
analysis through various recommendations related to emerging market trends, technologies, and
potential absolute dollar opportunity.