Global Telehealth Market Set to Exceed $1 B by 2016

The world market for Telehealth is set to exceed $1 billion by 2016 and could jump to $6 billion in 2020, according to a new report, “The World Market for Telehealth–A Quantitative Market Assessment–2011 Edition,” by InMedica, the Wellingborough, U.K.-based medical electronics market research group within IMS Research, the leading independent provider of market research and consultancy to the global electronics industry.

Home-monitoring is becoming increasingly relevant in the treatment of chronic diseases. For example, home monitoring of blood-pressure allows sufferers of hypertension to manage their condition better and monitor their progress. Home-use medical devices in Teleheatlh services, such as blood glucose meters, pulse oximeters, weight scales and peak flow meters are being deployed to monitor four main diseases—congestive heart failure (CHF), chronic obstructive pulmonary disease (COPD), diabetes and hypertension.