The global telemedicine market is expected to grow significantly from USD 22.94 billion in 2017 to USD 63.06 billion in 2024, at a CAGR of 15.6% from 2018 to 2024. Factors such as shortage of specialist physicians in rural areas, and growing aging population coupled with high prevalence of chronic diseases are propelling the growth of the global telemedicine market. Moreover, increasing investment for advanced healthcare IT infrastructure and government initiative towards healthcare are boosting the growth of the telemedicine market. However, lack of trained professionals, and high technological cost are inhibiting the growth of the global telemedicine market.
The Federal Trade Commission is urging Washington state lawmakers to reconsider a proposed bill that would prevent the use of ocular telehealth and telemedicine to conduct eye exams and issue prescriptions.
A tele-ICU collaboration between the VA and the Air Force aims to extend patient care for service members in critical condition.
Dr. Bruce Miewald, a child psychiatrist in Idaho, is among the first to expand his practice through the Interstate Medical Licensure Compact. He’ll soon use a telemedicine platform to reach patients across the country.
Amazon, the world’s ubiquitous online store, revealed today it is collaborating with Warren Buffet, who heads Berkshire Hathaway, and the bank JPMorgan Chase to build an independent, nonprofit healthcare company with the goal of increasing user satisfaction and reducing costs.
Blue Cross Blue Shield of Georgia will soon end reimbursements for non-urgent ER visits, and is asking members to instead use the insurer’s telehealth platform or visit the nearest urgent care or retail clinic.
About 7,000 people in Alabama and Mississippi have multiple sclerosis. And doctors say there could be thousands more who are undiagnosed. Now a new study being done here in Central Alabama aims to make treatment easier.
People with multiple sclerosis can have difficulty walking and weakness in their muscles. “A condition where sometimes people have a sense of hopelessness,” says Dr. Jim Rimmer, “and one of the major side effects of MS is balance and a big risk in people with MS is the risk of fall so we know exercise helps with fall prevention, it helps with balance.”
Increased use of technology to treat injured workers remotely potentially could speed treatment, give injured workers access to more specialists and reduce workers compensation claims costs, but telemedicine also introduces new risks that must be addressed, a panel of experts said.
The global telemedicine market is expected to reach USD 113.1 billion by 2025, according to a new report by Grand View Research, Inc. Virtual medicine is benefiting in reducing the emergency room visits and hospitalization rate, thereby augmenting the market growth.
A new report on telemental health in Health Affairs shows that, among rural Medicare beneficiaries, use of telemedicine for mental health is growing quickly but inconsistently across the population. The piece is meant to provide perspectives for legislatures as they consider increasing Medicare coverage of telemedicine.