The global telehealth market is expected to grow steadily over the next several years and reach $2.5 billion by 2018, according to a report by market research firm Companies & Markets, Healthcare IT News reports.
According to the report, the global telehealth market was valued at $736 million in 2011.
The report stated that the telehealth market is poised to grow because the technology offers ways to improve clinical care delivery while reducing the need for hospitalizations and emergency department visits.
In 2011, telehealth table devices cost about $350 and the average price of the software was about $75 per unit, according to a Companies & Markets release. The company said such prices indicate that there will be a growing services sector that will pay for devices over time (McCann, Healthcare IT News, 6/26).