Telehealth to Gain Stride in Remote Healthcare Space 2022
Key Players Covered: American Well GlobalMed Teladoc Health, Dictum Health, Inc., LLC InTouch Technologies, Inc. Doctor On Demand, Inc. MDLIVE Inc. Other players
Technology is evolving rapidly across all sectors. In the medical care industry, technology has made a huge impact with the introduction of artificial intelligence and advanced mechanics among others. Working on quality existence of patients has generally been the primary focal point of care suppliers and telehealth is one such creative revelation. It permits patients to have an speedy recovery and satisfy the neglected necessities of patients. Telehealth was once thought as a futuristic plan, but now it plays a significant role in the healthcare industry as people all over the world look for quality, comfort, and convenience Fortune Business Insights™ mentions that this industry size was USD 61.40 billion in 2019 and is projected to reach USD 559.52 billion by 2027, exhibiting a CAGR of 25.2% during the forecast period.
Rising Need to Maintain Social Distancing in the midst of COVID-19 will Favor Growth
The flare-up of the COVID-19 pandemic has decreased the demand for clinical gadgets inferable from the rising weight on medical services experts and emergency clinics, as well as diminished clinic visits. Also, a few instances of elective medical procedure have been delayed. This has opened ways to new open doors for these stages and programming arrangements.
Telehealth Industry Statistics: 2027
There are a few drivers, restrictions and opportunities responsible for molding the telehealth market. A few elements such as increment for maturing populace, ascend in the quantity of chronical infections and shortage of doctors in the United States are right now driving the growth. Notwithstanding, low achievement rate in limiting short term participation and concerns related with the security of the clinical information are hampering the globaldevelopment. Then again, North American locale is anticipated to overwhelm the market around the world.
- Awareness About Telehealth
Everyone says that telehealth has transformed the remote healthcare sector or has stirred a revolution in the healthcare industry. But has it really been able to achieve the success it should have? There is still some percentage of the population who want to physically visit a doctor and get treated. Moreover, there are people who don’t even know or have zero knowledge of telehealth. So, telehealth can only transform the remote healthcare space. when the majority of people around the world are aware of this remote medicine. Government is actively supporting this service by implementing awareness policies. Also granting funds so as to make it more accessible and affordable to all.
The Dubai Health Authority or DHA adopted 7 main components of telehealth services in September 2019. Some of these include online consultations, usage of e-medical files to see patient’s history, medicine prescription vis telemedicine, and others. Another institution called the Office for the Advancement of Telehealth or OAT actively promotes telehealth services in remote areas through programs such as Telehealth Network Grant Program or TNGP, Telehealth Resource Center Program or TRC, and others.
- Why Travel When You Can Chat Withwith Your Doctor!?
Talking about advanced technologies in healthcare, robotics, artificial intelligence, and automation have gained considerable popularity in telehealth services. Getting information in real-time has proved proven to bevery useful for patients, care providers, and insurance companies. Now, patients can chat in real-time with the introduction of online interactive portals.
This brings our attention to a telemedicine app called MDBox which connects doctors and patients through a video chat. Researchers say that investing time in video chat is equivalent to a single doctor’s visit. This app can diagnose the patient’s condition via video chat and prescribe a treatment plan accordingly.
Telehealth is Emerging, but will it Make Progress in the Future?
The digital health industry has come a long way and has started to deliver services effectively after years of practice. Artificial intelligence, machine learning, or automation won’t replace the doctor. But will act as an assistant for the diagnosis and treatment. Humans still play a crucial role when it comes in terms of taking decisions.
AI can help us in reading the enormous data from wearable or patient monitoring devices. but at the end it is a doctor who suggests us what to do next. Technology has emerged and telehealth is paving its way into the lives of patients as people love quality and convenience. Telehealth is slowly becoming the doorway to the healthcare needs of people and is likely to make enormous progress in the future.