Telehealth Market 2012

The current market for telehealth and home health monitoring in North America and Europe is $3 billion, according to Data Monitor, a research firm, and is projected to rise to $8 billion by 2012. But much of remote monitoring today is done by nurses and physician assistants, who call patients with reminders and advice. Health care has to go efficiently into the home, to enable elders to age in place with dignity. The early market for high-tech remote monitoring systems will be integrated health providers insurers and specialized disease-management companies. The market for personal health care technology, like remote monitoring, could benefit considerably if reimbursement moves toward a pay-for-performance system.