BOULDER, Colo.--(BUSINESS WIRE)--While many elements of the digital health industry are still in their formative stages, the market for telehealth video consultations (TVCs) is one that has a firm foothold and is poised for strong growth in the coming years. TVCs, also referred to as eConsults, eVisits, remote video consultations, or even the broader term telemedicine, are expanding in terms of use cases, deployments, and adoption.
According to a new report from Tractica, telehealth video consultation sessions will increase from 19.7 million in 2014 to 158.4 million per year by 2020. The market intelligence firm anticipates that, while clinical consultations currently constitute more than three-quarters of the market, growth over the next several years will be especially strong in non-clinical settings. Tractica forecasts that non-clinical video consultations will outnumber clinical consultations by 2019.
“Telehealth video consultations lend themselves to a wide variety of medical treatments and use cases,” says principal analyst Charul Vyas. “The flexibility and efficiency of video conferencing is helping healthcare providers and payers to achieve tangible value in deploying video-based patient monitoring solutions, both in terms of positive patient outcomes and cost savings. However, the market still faces a variety of challenges, including the high initial cost of deploying services, inconsistent reimbursement models for telehealth consultations, and some continuing resistance by physicians, patients, and regulatory bodies.”
Tractica’s report, “Telehealth Video Consultations”, examines the market and technology issues surrounding telehealth video consultations for both clinical and non-clinical applications. It presents forecasts for TVC sessions and revenue during the period from 2014 through 2020, segmented by session type and world region. The report also includes in-depth profiles of 18 key industry players. An Executive Summary of the report is available for free download on the firm’s website.
About Tractica
Tractica is a market intelligence firm that focuses on human interaction with technology. Tractica’s global market research and consulting services combine qualitative and quantitative research methodologies to provide a comprehensive view of the emerging market opportunities surrounding User Interface Technologies, Biometrics, Digital Health, Wearable Devices, and Automation & Robotics. For more information, visit www.tractica.com or call +1.303.248.3000.
