Forthcoming Report Says Home Telehealth Market Is $5.6 Billion and Expected to Grow by 70%

The home telehealth and remote patient monitoring market is currently close to a $5.6 billion level and will continue to grow at close to 70% for at least the next three to five years, according to a new strategic report published by Insight and Intelligence, a Mary Ann Liebert company. Insight and Intelligence interviewed industry leaders, conducted surveys, utilized government and other agency databases, as well as reviews of published literature to provide an in-depth look at the home telehealth and remote patient monitoring market segment of the telemedicine industry.

The healthcare provider market segment (companies that provide telemedicine services to health care providers) is represented by a number of small to medium-sized companies with average annual revenue of approximately $6.6 million. These companies' combined average revenue growth, however, is significant, approaching 72%. Consumer companies (defined as companies that provide services directly to the consumer) tend to be larger with combined average annual revenue of approximately $121.3 million. Their combined annual revenue growth is even more explosive than that of healthcare provider companies, with a combined average range of 118.5% to 193.5%.

The full report will be available in late June from Mary Ann Liebert, Inc.

(Source: Mary Ann Liebert, Inc. Press Release, May 22, 2008)