Recap - Innovative solutions for chronic diseases
Telehealth is a complex market and the size of the market depends on what is included in the umbrella term. The overall category of remote patient monitoring has been used by market research companies and from our business consultations we believe this market is expected to grow at a CAGR of 12.2% in Europe and a more impressive 22.6% in North America over coming years.
The business and stakeholder consultations of Hub 3 identified 30 telehealth providers who offer heart failure management in the UK and a similar number in the USA. All of the large providers have international operations and provide services in Europe and North America. The prominent ones are Philips, Alere Medical, Docobo, Honeywell, Intel-GE, Bosch, Air Products to name a few.
The provision of a telehealth system is a complex task, where the provider must integrate monitoring devices, gateways, transmission networks, healthcare IT to process the data and clinical expertise to provide case management; joining all components in this system is vital to success.