In 2014, push telecommunications for tele-medicine (PTT) and m- health market contributed total share of $1.5 billion and is projected to cross over $40 billion 2021. People taking additional conscientiousness for their individual health will drive Tele-medicine and m-health market attributed to healthcare relief in office and home. Although, m-health which appears in several type of applications and tele- medicine is augmenting towards smart phone devices growth. —
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Tele-medicine cost for the US veteran’s administration is $1, 6300 for each patient per annum. This cost is significantly lower than nursing home care and trained nursing facility programs which cost approximately $100,000 per annum. Optimistic understanding of VHA with implementation of home tele-medicine worldwide is encouraging adoption by hospitals. Tele-medicine is cost effective and suitable way of administering chronic care patients in collectively rural and urban settings.
Cost of care is the major concern as tele- medicine adoption rate is mounting rapidly. Remote tele-medicine equipment and mobile applications are driving augmented adoption and the adoption rates. Improvement in concerns related to efficiency of care during tele-medicine in healthcare market is projected to positively impact the PTT and m-health market.
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