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Compiled by: Charvi Laul
Aranca’s Views
Telemedicine has rapidly changed the way healthcare services are delivered in the US by
extending the reach of healthcare providers to newer, remote markets that lack medical
facilities. While telemedicine is not the panacea for the ills of healthcare, it goes a long way
with regard to cost control, savings, crucial access to medical facilities, and better outcomes for
patients.
Developed nations such as the US have set the trend for this technological innovation
and are expected to adopt it as their prominent healthcare service delivery in the near future.
On a global level, developing regions with limited infrastructure are expected to adopt
telemedicine as an integral link between patients and health centers. In countries such as India
and Mexico, telemedicine has already made a significant impact and several pilot projects have
been implemented in major hospitals in these regions.
Source : Aranca research, Health Capital Report - Opportunities and Challenges for Telemedicine
Telemedicine in the US
Zooming Ahead From USD245 million in 2012 to a forecasted USD1.4 billion in 2018,
the telemedicine market in the US is indeed undergoing a tremendous
journey. One of the main reasons driving this growth is the rise in the number
of computing devices coupled with rapidly evolving wireless networks, such as
3G, 4G and Wi-Fi, which has led to increased connectivity between patients
and doctors.
2012 2013 2014F 2015F 2016F 2017F 2018F
US Telemedicine - Market Size (USD Million)
245320
430577
7751,041
1,398CAGR (2012–18): 33.7%
Note: F refers to Forecasted
US Telemedicine - Market Composition (2013)
Total Market Size – USD320 Million
51.1%Top 10 Companies
48.9%Others
Although the industry is concentrated,
at present, it is estimated that in the next
few years, fragmentation may set in because
of increasing demand and stronger
government policy support.
In 2013, 17% of the employers in the US planned to
This number is expected to increase to 27% during 2014-15.
US Telemedicine - Top 5 Players
Volume of Patients (‘000)
2012 2013 2014F 2015F 2016F 2017F 2018F
150250 416
6931,154
1,922
3,200CAGR
Note: F refers to Forecasted
Drivers and Challenges
Rising Chronic Diseases
Rising Aging Population The number of people above the age of 50 is expected to reach 133 million by 2030, representing a 70% increase since 2000
Regulatory Changes
Inclusion of telemedicine in accountable care organizations (ACOs), amendments by the AmericanTelehealth Association (ATA) to secure reimbursements for telemedicine technology etc
Technological Innovation
Reimbursement and Standardization
The industry faces several barriers toward uniform implementation of telemedicinein terms of costs, regulatory concerns, reimbursement issues, and lack of standardization
Regulatory Restrictions
Licensing issues, accreditation requirements et al
Online Prescribing Policies
These vary by state and can result in service quality concerns
Drivers
Challenges
The percentage of US healthcare centres o�ering telemedicine is expected to increase from
22% in 2014 to 37% in 2015. The di�usion of telemedicine into the US healthcare system is
eminent and is expected to redefine the way service is provided for patients.
AS of 2012, 48 million peoplein the US su�ered from chronic illnesses,and 25% of the Us adult su�ered frommultiple chronic conditions
