Skip to main content

Telemedicine Services will Deliver $21 Billion in Cost-Savings

The COVID-19 pandemic accelerated the adoption of IT solutions in healthcare. In particular, more people have accepted teleconsultations with healthcare providers -- including medical diagnoses performed through mobile apps and/or videoconferences.

For more than a year, people were unable to access healthcare resources onsite due to either their virus vulnerability or because lockdown restrictions meant that they were unable to leave their homes.

Numerous governments responded to the closure of healthcare facilities by loosening previous regulatory restrictions on the practice of telemedicine and online teleconsultations.

Telemedicine Services Market Development

According to the latest worldwide market study by Juniper Research, the number of teleconsultations performed globally will reach 765 million in 2025 -- that's rising from 422 million in 2021, representing 80 percent growth.

The study found that, for teleconsultation services to become an integral element of healthcare provision, platforms must develop solutions that cater to different capacities of regional healthcare sectors.

Juniper's analysis identified cloud computing services and 5G wireless connectivity as key to enabling local healthcare providers to benefit from the advancement of remote teleconsultation technologies.

Juniper believes that the average patient will use teleconsultation services ~3.6 times per year. However, the need for mobile devices and internet access will limit the adoption of services to developed regions.


Therefore, Juniper analysts now predict that over 50 percent of healthcare teleconsultations will occur in North America and European markets by 2025.

"Teleconsultation services require high bandwidth, which is often unavailable in developing regions; limiting the impacts of services in these areas," said Adam Wears, research analyst at Juniper Research.

Regardless, according to the Juniper assessment, 5G telecom technologies can be used as a last-mile solution to enable service provision in areas where internet connectivity is sparse or inadequate.

Juniper also acknowledged that, by virtue of their ability to streamline administrative and patient-facing tasks, telemedicine technologies are capable of delivering significant cost savings for healthcare providers, worth over $21 billion by 2025 globally.

Outlook for Telehealth Platform Use Case Growth

Juniper predicts that the integration of consumer healthcare wearables into teleconsultation services will enable healthcare providers to obtain patient health data, without the need for an in-person visit.

Juniper analysts urge more telehealth platform vendors to develop secure cloud-based services that are capable of storing healthcare patient information in full compliance with government regulations.

That said, I anticipate more healthcare provider CIOs and CTOs will use the current IT investment trend as an opportunity to explore technologies that further reduce costs and improve productivity. Ongoing adoption of digital workspace solutions within the healthcare sector is an example of use case growth.

Popular posts from this blog

Big Data Analytics Revenue to Reach $215.7 Billion

Across the globe, more leaders seek actionable insight from the customer data they've stored in huge data lakes. Worldwide spending on big data and business analytics (BDA) solutions is forecast to reach $215.7 billion in 2021 -- that's an increase of 10.1 percent over 2020, according to the latest worldwide market study by International Data Corporation (IDC). Moreover, BDA technology investment will likely gain momentum over the next five years as the global economy recovers from the COVID-19 pandemic. The compound annual growth rate (CAGR) for global BDA spending over the 2021-2025 forecast period will be 12.8 percent. Big Data Analytics Market Development "As executives seek solutions to enable better, faster decisions, we're seeing relatively healthy BDA spending across all industries. Leveraging data for insights into everything from internal business operations to the customer journey is top of mind and of strategic importance," said Jessica Goepfert, vice

Warehouse Robot Deployment Gains New Momentum

The retail and wholesale back-office infrastructure market is being transformed by technology. The warehousing industry has accelerated automation efforts due to the increased order volume and labor shortages driven by the global pandemic. In addition to technology solutions such as handheld devices with enhanced capabilities, autonomous, collaborative, and mobile robots are proving to be the fastest-growing productivity-enhancing solution in the warehouse workspace. Commercial Robotics Market Development According to the latest worldwide market study by ABI Research, global commercial robot revenue in warehouses will have a Compounded Annual Growth Rate (CAGR) of over 23 percent from 2021 to 2030 and exceed $51 billion by 2030. "Mobile robots are at the heart of the warehouse robotics market and account for most shipments and revenue. These robots, made up of Autonomous Guided Vehicles (AGVs) and Autonomous Mobile Robots (AMRs), are being used to move goods within the warehouse a

Remote Working Drives Demand for Internet Access Solutions

High-speed internet access from home is essential to participate in the Global Networked Economy. The worldwide residential broadband service market reached a subscriber base of over 1.1 billion users in 2020 -- that's a 4 percent increase from the previous year. Clearly, the COVID-19 pandemic accelerated demand for broadband connectivity. The need for high-capacity residential broadband will remain, even post-pandemic. According to the latest worldwide market study by ABI Research, 5G Fixed Wireless Access (FWA) will be the fastest-growing residential broadband segment to increase at a CAGR of 71 percent, exceeding 58 million subscribers in 2026. Remote working, online learning, and virtual healthcare created new demand for high-speed broadband throughout 2020. The significant increase in the use of internet-based entertainment services also prompted broadband users to upgrade, while more households without broadband access subscribed for the first time. Residential Broadband Serv