MAY 1997 PRESS RELEASE
Economic Benefits and Telecommunications Infrastructure Drive the Telemedicine Market
Medford, Oregon (May 28, 1997): Worldwide, an estimated $520 million was spent on telemedicine products and services through 1996, according to system installation claims made by major participants. Factors contributing to European market growth include establishment of medical and telecommunications standards, health care reforms, increased demand from individuals in older age categories, potential cost benefits, and removal of tariff barriers. International telecommunications companies such as British Telecom and MCI are strong competitors, along with videoconferencing equipment vendors such as NEC, Panasonic, and PictureTel. In Asia, existing hospitals are being reorganized, and specialty hospitals are being constructed. There are also aggressive Pacific Rim expansion plans being implemented by companies such as CLI/VTEL, Telemedicine Applications Company (TAC), and VSI.
The World Market for Telemedicine Products and Services report from Feedback Research Services covers these trends and others, along with growth rate estimates and revenue forecasts for Asia, Europe, and North America through 2002. The report includes 200 pages of text, with descriptions of major telemedicine projects currently in operation throughout the world.
Telephone Triage: Products, Services, and Successful U.S. Systems was also published in May and is available for $450 (with 130 pages of text). The report describes consumer demand, cost savings, favorable returns on investment, and other factors that support double-digit annual growth rates in this market.
The U.S. Home Care Monitoring and Telemedicine Markets report focuses on the nearly $600 million in revenues being spent annually for transtelephonic and video-mediated products and services to replace face-to-face home visits.
For more information, call 541.899.8088 or send e-mail to: info@feed-back.com.
