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BCC Research Publishes A New Report On Global Markets For Telemedicine Technologies
Date:10/26/2013

Wellesley, MA (PRWEB) October 26, 2013

According to a new technical market research report, Global Markets for Telemedicine Technologies from BCC Research (http://www.bccresearch.com), the global telehome and telemedicine market was valued at almost $13.8 billion in 2012 and is expected to reach to $16.1 billion in 2013. BCC Research projects this market to grow to $35.1 billion by 2018, and register a five-year compound annual growth rate (CAGR) of 16.9% from 2013 to 2018.

Telemedicine, defined as the use of telecommunications technology to deliver medical information or services to patients or other users at a distance from the provider, is a rapidly growing field of clinical medicine. Telemedicine offers a network and framework wherein patients and healthcare service providers are on a common delivery platform for healthcare services. In simple terms, telemedicine covers all healthcare services being delivered remotely with the help of telecom technologies.

The recent implementation of the U.S. Patient Protection and Affordable Care Act (PPACA) has intensified the healthcare industry's focus on telemedicine. Indeed, the use of remote monitoring systems to coordinate care over time and across settings will be imperative in meeting the unprecedented demand resulting from the new healthcare law. In addition, recently announced best practices to cut down global healthcare costs, including outsourced medical services, home-based treatment, intervention as opposed to post-treatment, integrated information technology (IT) environments, increased efficiency of healthcare resources and reducing billing gaps, all point towards the increasing use of telemedicine.

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