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Market Opportunity + Telemedicine Market

Identifying Market Opportunities and Adapting to Change in the Telemedicine Market

Telemedicine Market Overview

Technology and medicine are the most rapidly evolving fields globally, and with advancement, they bring about significant change. As the two fields grow, they become increasingly intertwined. Medical devices, diagnostic devices, cloud-based electronic health records (EHR), and digital consultation platforms are some of the examples of technology and healthcare working together. Since widespread digitization has become essential across industries, the healthcare industry has witnessed various market opportunities and expanded to include various digital platforms, leading to the development of telemedicine. Telemedicine services include offering consultations, guidance, support, information, reminders, and other medical services over online platforms, such as mobile applications or websites. Although these services have been offered for decades, recent advancements have created the need for market opportunity analysis and propelled substantial growth.

The inevitable incorporation of digitization in healthcare has propelled the industry forward and created a crucial niche market. Request a free proposal to learn how your business can capitalize on opportunities in the telemedicine market with Infiniti’s market opportunity analysis.

Market Opportunity Engagement Overview

As consumers become increasingly dependent on, and comfortable with, technology, mobile devices, and internet services, the market continues to grow. In a rapidly evolving and highly competitive market like the telemedicine market, understanding various dynamics, identifying profitable opportunities, ensuring market readiness for all offerings, and staying ahead of the curve is imperative. Therefore, telemedicine market leaders are leveraging market opportunity analysis solutions for clarity regarding barriers to entry, ideal distribution channels, competitors, and other market dynamics.

Business Challenges:

The client is a telemedicine services provider based out of Europe, that provides consultations, prescriptions, and advice for various non-emergency medical issues. The service provider sought to launch a new set of features to accommodate for the COVID-19 pandemic, including audio and video-based conferencing, and remote scheduling features for physicians. However, the company wanted a detailed report of competitors with similar strategies, consumers’ needs and demands, market readiness for these features, and significant profitable market opportunities to help their business grow. Therefore, the telemedicine market player sought to leverage Infiniti’s market opportunity analysis solutions and gain unparalleled clarity into the European telemedicine market.

Telemedicine services have become increasingly important during the COVID-19 pandemic, and ensuring your offerings meet consumers’ needs is crucial. Speak with our experts and learn how you can differentiate and improve your new offerings with market opportunity analysis.

Our Approach:

Market Opportunity + Telemedicine Market

Infiniti’s market opportunity experts developed a comprehensive market opportunity analysis engagement to help the telemedicine market player that included four phases. In the initial phase, Infiniti’s experts conducted a customer segmentation analysis to identify profitable segments of the market, identify and categorize customers as per their needs, preferences, spending behaviors, and demands.

During the second phase, Infiniti’s market opportunity analysis experts provided the client with in-depth insights into their competitors’ offerings, strengths, weaknesses, and upcoming initiatives with a competitive intelligence study. This step aimed to help the telemedicine services provider gain clarity regarding other offerings in the market and ensure differentiated offerings.

For the third phase, our experts conducted market opportunity identification study, and offered the client relevant data regarding upcoming trends, changing market dynamics, significant market developments, and recent technological advancements. With insights into these factors, the telemedicine market player identified upcoming profitable market opportunities, adapted their offerings, and developed comprehensive strategies to accommodate for upcoming changes.

Business Outcome of the Market Opportunity Analysis:

With the insights gained from Infiniti’s market opportunity analysis solution, the telemedicine market player gained insight into their consumers’ needs and demands, evaluated their competitors’ strategies, and developed strategies for profitable market opportunities. The customer segmentation analysis helped the client understand their consumers’ needs, identify target profitable customer segments, and adapt their services to meet crucial demands and previously unmet needs.

Additionally, with the relevant data regarding key competitors’ strategies, the telemedicine market player could keep abreast of their offerings. The client also identified competitors’ weaknesses, and strengths, and adapted their services and new features to differentiate their offerings. The competitive intelligence study also helped the client stay a step ahead of their competitors and industry leaders. Further, the market opportunity identification study helped the client understand upcoming changes in the market, evaluate them, and develop offerings or strategies to mitigate potential risks and capitalize on profitable market opportunities.

With insights from Infiniti’s market opportunity analysis the client successfully launched their new features, with various adaptations, and gained significant positive feedback from target consumer segments. Additionally, the telemedicine services provider continued to provide novel offerings to their consumers, stay a step ahead of their competitors, and capitalize on relevant market opportunities.

Ready to become a telemedicine market leader? Request more information to learn how Infiniti’s market opportunity analysis solutions can help your business grow.

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Category Scan: Telehealth Services Market Innovations and Updates 2019

When it comes to the telehealth services market, our experts predict that the industry has reached a tipping point. Increasing consumer demand, technological advancements, and innovative research activities have reached a stage where the law of accelerating returns states that “technological advances will be exponential rather than linear.” Which basically means that with technology becoming increasingly effective, greater resources will have to be dedicated to furthering its reach and impact.

The article below scans the category for telehealth services in its entirety to help healthcare companies understand and stay abreast of the latest news, innovations, and market developments.

Telehealth Services: Recent Innovations and Market Updates 2019

Emerging innovations in the self-service arena

Technological innovations like artificial intelligence are gradually finding their way into telehealth services. The use of such tech trends in telehealth apps not only guides patients through a series of questions and collects data but are also capable of interpreting these user responses. This means that a tremendous amount of groundwork can be completed before the patient connects with the provider, making clinical interactions more efficient and focused.

Direct to consumer market has matured

Direct to consumer is one of the commercially successful telehealth services segments that has attracted the maximum health technology investment. A couple of telehealth services providers own a significant chunk of the market share in the direct to consumer market.  It encompasses several products and services and enables the highest level of quality and cost-effective healthcare for patients, irrespective of their geographic location. However, healthcare systems struggle to turn this form of technology into a profitable revenue stream as consumers have been slow to adopt this model. It attracts a new set of consumers who might not otherwise use medical services, thereby, driving costs up.

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telehealth services

Telemedicine kiosks to dispense prescription medication

Although the use of self-service kiosks in hospitals and clinics are becoming common, the use of kiosks to provide healthcare assistance outside hospital premises is a fairly new concept in healthcare. A company based out of the US recently launched telemedicine service kiosks that can dispense prescription medications. These kiosks are primarily aimed at patients with non-life threatening conditions like colds, rashes, and fever. The company claims that its HIPAA compliant telemedicine stations can be deployed in airports, hotels, colleges, and large private employers. Their telemedicine station is equipped with thermal imaging capability to detect body temperature and diagnose infections. It also helps in analyzing height, weight, and blood pressure. Each unit also includes a locked dispensary, which contains a number of the most commonly prescribed medications in the most commonly prescribed dosages, which can be prescribed at the end of a telehealth visit. Such innovative telehealth services will be highly useful in providing faster and easier healthcare access to patients.

Provider collaboration offering opportunities for growth

Provider collaboration could play a major role in enhancing communication between physicians, specialists, and nursing staff. Furthermore, it helps physicians to seek the expertise that they don’t possess. A classic example of this is the use of telestroke in the emergency room, a technology that was introduced in 2015 at the University of Minnesota Medical Center. It provides neurologists immediate access to incoming stroke patients through emergency room video conferencing. There are a huge number of companies leveraging such telehealth services.

Wonder how to cope with the rising healthcare costs? Infiniti’s market intelligence solutions for the healthcare industry can help you find the answer.

Building telemedicine capabilities into new spaces

This is one of the most recent and interesting paradigms in the telehealth services market. It involves the idea that patients can be treated through telemedicine in the hospital, at home, in nursing homes, in physician’s offices, and other places. These types of telehealth services aim to promote the idea that rather than forcing patients in need of care to travel, they can be provided with care in the space that is most convenient to them. Equipping nursing homes and hospital rooms with technologies to facilitate this would enable a variety of practitioners to provide bedside care more conveniently. In this case, the transportation of patients can be avoided and practitioners can access more patients without disruption. In addition, the primary care provider, family, and friends located elsewhere could link into the video consultations.  This plays a major role in enhancing the communication between all parties involved in the patient’s care.

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Market Intelligence Helps a Telemedicine Company to Analyze the Market Potential for their Products

Over the years, the healthcare landscape has been characterized by the growth of relentless technologies in the form of applications and services. To bridge the demand-supply gap while offering specialized medical services, organizations have started leveraging the use of telemedicine to extend patient care in remote areas. Telemedicine involves the use of applications and services in the form of two-way video, email, smart phones, and wireless tools in healthcare institutions to deliver robust clinical care. Also, in case of the non-availability of an adequate number of resources, telemedicine can act as a catalyst in reducing the waiting list of patients requiring specialized healthcare.

To reach out to the niche market segments and target the right audience, leading organizations in the healthcare landscape have started relying on market intelligence studies to assess the penetration level of the telemedicine market. With years of expertise in carrying out similar market intelligence studies, Infiniti’s market intelligence experts helped the client reach out to the diseased aging population and deliver an agile and robust medical assistance. The engagement also helped the client curtail additional costs associated with patient treatment; thereby, maximizing the ROI.

The Business ChallengeIR_Brochure

A global telemedicine company with branches across leading countries was facing a predicament analyzing the market potential of their products in the telemedicine market. The primary objective of the client was to analyze the key competitors, their offerings, and make informed business decisions. The client further wanted to gain insights on the market landscape in terms of the product portfolios and further understand the patient engagement, along with the advances in technology.

The client further wanted to understand the landscape of the telemedicine market in terms of robust policy changes and reimbursement issues.

Our Approach

To penetrate across niche markets and enhance their offerings, the client approached Infiniti’s market intelligence experts. Infiniti’s market intelligence experts carried out extensive research comprising of interviews and discussions with leading stakeholders in the market. Also, to assess the potential of the telemedicine market, the experts also carried out research across a variety of proprietary sources such as healthcare newsletters, magazines, and hospitals.

Telemedicine

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Market Intelligence Solution Benefits:

  • Monitor the health of patients from their home environment
  • Identify the factors, rising prospective opportunities, and key companies instrumenting the growth of the telemedicine market
  • Identify the key strategic players and effectively identify the target regions
  • Assess the prevailing technologies and future technologies sustaining the market growth
  • Effectively segment the market based on types and by end-users

Benefits of Our Integrated Approach

Infiniti’s market intelligence study assisted the client to understand the target segments and devise better healthcare services for the diseased population. The engagement also helped the client segment the telemedicine market in terms of type, technology, specialty areas, and others. Moreover, the telemedicine company was further able to identify potential markets and devise an effective go-to-market strategy.

A must-read case study for strategy experts and decision makers looking to develop an understanding of the healthcare industry.
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Market Intelligence

Wearable Devices – A Revolution in the Healthcare Industry

Wearable devices have found its use mostly as a lifestyle accessory to track personal fitness goals and other data. In recent times, the use of wearable devices as a health monitoring tool has been on the rise. Apart from calorie and steps counters, these devices have found a wide variety of health applications. A modern-day wearable device is Ask an analystcapable of monitoring stress levels, quality of sleep, blood glucose level, blood pressure, heart rate, body temperature, and vision performance. Constant innovation in the wearable devices market could change the healthcare industry for the better.

Medical Research

The area of medical research will hugely benefit with the use of wearable devices as it paves the way for superior data capturing capabilities. These devices also enable the researchers to conduct clinical research in an un-simulated environment, giving them a real-life validity. As a result, it can significantly reduce the cost of medical research by allowing for data collection across a large sample group at lower cost.

Proactive Healthcare

In the near future, wearable devices will revolutionize the way patients seek medical care. Instead of visiting a physician only after symptoms have appeared, wearables can continuously monitor health vitals. In addition to that, it can also send a notification to the caregiver leading to early detection and improvements in patient outcomes.

Medical Assistant

Wearable devices can be used as a tool to display information as and when needed by the healthcare providers. For instance, Google Glass was used by surgeons to preload CT scan and x-ray images into their field of vision while performing the surgery. Numerous recorded instances have proved that surgeries carried out with the help of wearable devices are performing better than conventional surgeries.

Wearable devices are changing the landscape of the healthcare industry. Decreasing cost of sensors and continuous innovation in the wearables field are expected to drive the technology adoption rate in this industry.

To know more about the future of wearable devices and its impact on the healthcare industry.

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Pharmaceutical Industry

Pharmaceutical Industry: Roadblocks to the Growth Prospects

The growth of the pharmaceutical industry has slowed down over the last few years. Experts suggest that the market has reached its saturation level. However, due to recent advances in technological innovation, the market is anticipated to witness further growth. Innovations such as wearable devices, real-world evidence, telemedicine, nanotechnology, and precision medicine are expected to change the landscape of the pharmaceutical industry. Despite such innovations, the pharma industry has started facing some tough tests recently.

Pharmaceutical Industry

Pharmaceutical Industry Challenges

Pharmaceutical industry growth slowdown

Numerous market research reports have highlighted the fact that the pharmaceutical industry will experience a slowdown in the next few years since the major markets are nearing their saturation point. Historically, the pharma industry has experienced a sporadic increase in growth rates with the introduction of generic medicines for diseases like hepatitis and cancer.

Therefore, it can be estimated that the growth prospects of the pharmaceutical industry are currently dependent on the invention of effective medications.

Biosimilar showdown

Biosimilar drugs are capable of increasing the efficacy of medicines and patient safety at an economical cost. However, big players in the pharma industry are opposed to biosimilars as it’s hurting their innovative capacities.

In the US, the FDA has approved 41 new medicines, the most in 18 years, with more drugs in the pipeline. The recent Sandoz vs. Agmen case has also brought into limelight the fact that the cheaper version of complex and pricier drugs, called biosimilars, get to patients faster.

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Shift to Value-based Payments

As a whole, the healthcare industry is moving towards value-based payments from volume-based or fee-for-service based payments. This system rewards the increment in quality and value of healthcare services.

Companies in the pharmaceutical industry are also looking to implement value based purchasing but will face challenges in estimating an appropriate time-frame for manufacturers to demonstrate drug efficacy. Therefore, it will be difficult for new drugs to compete in the value-based payment system.

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Pharmaceutical Industry trends

Top 5 Game-changing Trends in Pharmaceutical Industry

The pharmaceutical industry has seen rapid developments in terms of technology, innovation, and practices. Such changes can be attributed to rising patient awareness, increasing the cost of medicine, the entrance of medical insurers, and changes in rules and regulations. 

Companies in this sector must keep up with the pharmaceutical industry trends and innovation to sustain themselves in a dynamically changing environment. For instance, a modern patient is more aware of medical conditions and usually asks for more information from their healthcare providers regarding a medical condition, treatment, or medicine.

Contact us to learn more about our portfolio of services and how we help pharma companies formulate effective go-to-market strategies in line with the latest pharmaceutical industry trends.

Pharmaceutical Industry Trends

Personalized Medicine

Every person has a unique set of human genome containing DNA, RNA, and a set of proteins. Genome sequencing can identify mutations in DNA causing cancer and other diseases. In such cases, generic medicine is of little to no use, and personalized medicine can vastly improve the chances of survival in fatal diseases. Such medicines could be personalized as per the required chemical component and tailored doses.

3-D Printed Drugs

In 2015, the FDA approved the first 3-D printed drug, Spritam, which dissolves quickly and is used to treat epilepsy. Since such drugs are required by the patient in varying dose with a varying component, it becomes a challenge to mass produce them. Thus, a 3-D printer at the nearest pharmacy could produce the drug in exact dosage with the needed component at an economical price.

Use of Real World Evidence

The pharmaceutical industry trends like big data and analytics help to improve the effectiveness of new medicines. They are relying on real-world evidence to test the effectiveness of drug under various conditions. Such methods would not only reduce the cost and increase the drug safety claims, but also reduce the time-to-market.

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Artificial Intelligence

Modern-day supercomputers are not only capable of churning large sets of data to analyze the results but also learn on their own to better themselves. Supercomputers such as the IBM Watson are able to skim through a large amount of data which can be useful in genomic research and biotechnology. In the near future, it can even eliminate the need for human clinical trials by multiple simulations of human physiology.

The Rise of Biosimilar Drugs

Ever since the approval of the first biosimilar drug in 2015, multiple companies have started manufacturing biosimilars. These drugs provide a cost-effective option for the consumer as well as manufacturing companies. The rise of biosimilar drugs could change the landscape of the pharmaceutical industry as they would eventually capture a lucrative share in the pharma market.

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Market Intelligence

Loss of Net Neutrality and its Effect on Telemedicine

If telemedicine is the future of enhanced of healthcare services, then net neutrality is the lifeline on which this process functions. Net neutrality basically means equal treatment of all data in the online space. However with the Federal Communication Commission’s (FCC) move towards overturning its 2015 mandate on net neutrality, many in the healthcare sector are concerned about its negative effect on the delivery of medical services.

Telemedicine: Economical route for better health services

Providing easy access to healthcare facilities even to those in the remotest part of the country has been the goal of several governments throughout the globe. By bringing telecommunications and information technology on the same platform, telemedicine makes it easier for the physicians to overcome the geographical barrier and reach out to their patients. One of the best innovations in the healthcare industry, telemedicine has emerged as one of the most cost-effective means to provide high-quality health services.

Last year a survey conducted by the leading telehealth company American Well, found that 60% of patients would prefer to see a doctor online for managing a chronic condition. Similarly 79% of caretakers prefer using multi-way video telehealth service to take care of their aging relatives. It is not just the patients and caretakers who find telemedicine feasible, but stakeholders too believe that investments telemedicine is sure to provide them a competitive advantage in the upcoming years.

Loss of net neutrality: A major setback for telemedicine

With FCC moving closer to ending the era of net neutrality, the momentum of digital healthcare is sure to slow down. An open and unbiased internet is, in fact, the foundation of online medical treatment. Industry experts believe that health services will surely suffer and turn expensive if the FCC fails to classify ISPs as “common carriers.” The control over the speed and access to online content is sure to hurt beneficiaries in the rural areas, as well as low-income Americans and the colored population.

Today, the two major drivers of change in the healthcare industry are technology and free access to information– repealing of net neutrality will be a major roadblock for digital healthcare. It is essential that the opinions and concerns of all the major stakeholders in the healthcare industry be considered before rolling back the net neutrality policy.

Supplement Market

Top 3 Ways in which Big Data Can Transform Patient Monitoring

As the traditional healthcare industry is moving towards an era of open information, big data has emerged as a potent tool to provide smart, data-driven thinking. Until recently, most stakeholders in the medical industry had underinvested in information technology. However, with technology seeping into the life sciences industry, there has been an enormous collection of data which can be used to bring down the treatment costs, prevent diseases, and improve the overall quality of life.

Big data in patient monitoring: The tipping point

The quest for innovation in patient monitoring, along with the convergence of several changes in the health care industry are the two reasons for the adoption of big data. Five major changes which created a tipping point for the adoption of big data are:

  1. High demand for better data
  2. Availability of relevant data in the form of EHRs
  3. Adoption of analytical tools for patient care
  4. Market-friendly policies by governments across the globe

Top three ways in which big data is transforming patient monitoring

  1. Electronic health records (EHRs)

EHRs use big data on a huge scale. These digital records store crucial patient information like their medical history, results of lab tests, demographic detail, among others. The data collected in these electronic documents, enable doctors to get a clear picture of the patient history and facilitate better and timely delivery of the healthcare services.

Another major advantage of adopting big data is that now patients can easily keep track of their prescriptions and lab tests. So, by integrating the EHRs across various medical facilities, patients have experienced reduced number of unnecessary hospital visits and lab tests.

  1. Telemedicine

Digitization, smartphones, wireless devices, and online video conferences have set the ball rolling for delivery of remote clinical services. Telemedicine is in full bloom today, all thanks to these technological innovations. The data collected from these devices can be easily shared which makes diagnosis a lot easier. Apart from remote patient monitoring, big data also helps in predicting acute medical events and prevent deterioration of patient’s conditions.

Another major way in which big data has changed telemedicine is by providing real-time data with which operations from remote locations using robots.

  1. Predictive analytics and informed strategic planning

Quick decisions need to be taken when it comes to treating patients suffering from multiple complex conditions. The role of data becomes even more important in this context. Big data provides insights which help doctors make informed decisions and improve the overall treatment process. These insights also help in predictive analytics, as it becomes easier to foresee which patient is at the risk of diabetes or cardiovascular diseases.

Most of all, the use of big data in patient monitoring enables academics and care managers to review the healthcare delivery strategy and work towards informed strategic planning.

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Market Entry Strategies

Emergency Life Sciences: Trends and Players

The global landscape of life sciences has grown increasingly dynamic and competitive over the years. When it comes to emergency life sciences and management solutions, the focus has been on establishing systems and solutions that are proactive and can reduce the number of easily avoidable deaths and permanent physical damage. The demand for better solutions, in turn, have highlighted the pressing need for highly integrated emergency management systems.

Emergency management systems: components and developments

Emergency communication and physical assistance are two vital aspects of emergency management systems. Most cases end up turning critical due to a lack of communication. For this reason, mobile optimization has become a necessity in the life sciences industry. Several vendors are now using mobile phones as a channel to bring patients, payers, and healthcare providers onto a common platform. Mobile optimization, not only helps to improve patient engagement but also leads to better health outcomes. Apart from mobile phones, voice logger systems are also used extensively.

Some of the advantages of voice logger systems include:

  1. Increased efficiency due to quick and easy call retrieval
  2. Storage of data for future use
  3. Data protection and security

Voice logger systems provide web-based administrative and user consoles so that callers can gain access to call records from any geographic location and on any web browser. The call data is archived for reference purpose. Additionally, most of the data stored on voice logger systems comply with privacy policies and are highly secured.

Emergency location tracking systems, automatic vehicle location tracking, along with active GPS-based tracking will go a long way when it comes to notification of distress calls and provide timely solutions.

Ambulances that are equipped with the latest technology, combined with medical professionals, paramedics, and nursing staff, form the physical assistance portion of emergency management solutions. One major issue with most ambulances is the lack of forethought when it comes to ergonomics, storage space, and equipment. These shortcomings affect the performance of the medical crew, making life-threatening situations difficult to handle. For these reasons, the concept of designing ambulances has been redefined. Ambulances are no longer just vehicles that ferry patients; they have now evolved into ‘hospitals on wheels.’ There have been major developments in the integration of digital diagnostics and communication system. Designers are working on equipping ambulances with improved capabilities and access to specialist advisors to facilitate better outcomes for patients.

In addition to better ambulance design and prototyping, integration of telemedicine and training of paramedical staff are equally important. It is proved that by providing the right on-the-spot treatment, clinical damage, and death can bring down by up to 40%. Along with saving patient lives, intelligent ambulance design brings down the cost of operations and other medical procedures.

Above all, the most crucial part of emergency management systems is providing the proper emergency response services in hospitals. It is critical that hospitals are equipped with staff and infrastructure that is dedicated solely to handling emergency life sciences. Emergency management solutions are incomplete if hospitals are ill-equipped to handle emergency medical needs.

Some of the key players in emergency management solutions include HCL, Cognizant, BVG India Ltd, Infogain and Tech Mahindra.

target market analysis

Telehealth – Bringing Healthcare and Technology Together

Gone are the days when doctors made house calls. Today, hospitals can barely keep up with the growing number of patients, and some doctors are opting for MDVIP or Concierge Practice, where they only take on a small number of patients who can pay a premium for more individualized care. It is almost impossible to walk into a clinic without waiting, even in North America. In some places, the closest hospital facility may be 100 miles away or simply doesn’t have the proper resources. The age of technology and smart devices has opened the doors to a new, promising way to address healthcare that capitalizes on the connectivity of our world: telehealth.

Telehealth is defined as the use of technology or telecommunications to provide health services in the areas of health, medicine, and education. Telehealth has a host of applications, from being used to virtually diagnose a patient to providing general health instruction.

More than just a diagnostic tool

Telehealth utilizes all types of technology, and even allows patients to virtually interface with health professionals. This is a major development, as it can allow for much quicker diagnoses and make treatment far more efficient and streamlined. For example: an individual notices a questionable-looking mole and wants to get it checked out given his or her family’s history of skin cancer, but doesn’t can take off work for an appointment. With the use of telehealth, he or she can send a picture of the mole to a dermatologist and virtually discuss possibilities and concerns. The dermatologist can make a quick diagnosis as to whether the mole does in fact require a biopsy, or if the individual should just continue to monitor it at home. Not only does telehealth save time and money, but it also allows a professional to determine a health issue right away even if the patient cannot be physically present, which, in the case of something like skin cancer, can be critical.

Healthcare for all

One of the most important aspects of telehealth is its ability to make healthcare available to everyone, even those in rural, inner city, and impoverished areas, where, in many cases, it is easier to obtain a smartphone than it is to get proper medical care. Travelling to the nearest hospital or clinic can be expensive, not to mention the cost of the treatment itself. On the other side of the coin, building facilities and obtaining resources and proper staffing is incredibly costly, and usually isn’t an option for those areas already dealing with poor infrastructure and lack of funds.

Telehealth is also important for the elderly and those with disabilities, for whom travel is risky and challenging. If a patient requires regular treatment, telehealth allows for the remote monitoring of vitals and the gathering of the medical information needed to continue assisting the patient without them having to leave home.

Global education and resource sharing

Education is hugely important when it comes to healthcare. Many of the world’s health issues can be controlled or even solved with proper education and preventative care, but, unfortunately, millions of people still do not have access to what should be a necessity. With the help of telehealth, health education and resources can be made remotely accessible, no matter the location or language spoken. For those within the health industry, telehealth can be used by medical professionals across the globe to share research, communicate and formulate alternative diagnoses for complex medical cases. Further, in cases where a hospital requires a specialist who is not on-site, the specialist can join the team remotely from any other hospital or medical facility in the world. Telehealth is a comprehensive solution for any issues that come about because of lack of resources.

Telehealth, for sure, represents the future of healthcare, changing the face of the health industry as we know it. And, with the development of new and better technologies occurring at a rapid rate, the opportunity for telehealth will only continue to increase.

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