Here are four observations:
1. Mobile technology development, a growing need for cost-effective healthcare, rising populations and more government funding are driving the telehealth market.
2. Telehealth may save the nation billions as it reduces the number of readmissions linked to chronic disease via mobile monitoring techniques and a reduction in unnecessary use of emergency appointments through remote visits with nurses.
3. The escalated cost of setting up telemedicine technologies is hindering the market’s growth.
4. Key players include 3M, Aerotel Medical Systems, AMD Global Telemedicine, CardioComm, Honeywell HomMed and Philips Healthcare.
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