Health and Wellness Informatics News

AI and cloud is going to empower the European telehealth market

The report comes with the estimation that by 2026 the European telehealth market is going to bring $17.35bn with the revenue.

According to a recent Frost & Sullivan analysis entitled as the Innovative Business Models Powering, the European telehealth market has come up with a report. It has been found that the effect of COVID-19 on the healthcare sector is going across Europe. It is also significantly expanding with the use of telehealth.

Telehealth is being the key part of the anytime and anywhere healthcare model. It is performing as the model in response to the COVID-19 pandemic. It is continuing to ensure access to the essential healthcare services for all the patients who come with chronic conditions. Also, it is applicable for all those who require urgent care during the pandemic situation.

This is consequently resulting in a large surge in the telehealth market of Europe. It is going to require a revision of the business model across the ecosystem of telehealth. By 2026 this market has the estimation to witness a four-and-a-half-fold growth while garnering €17.35 billion ($20.7bn) revenue.

The report is stating that the current growth of the opportunities for the telehealth market is coming with behavioral health. It is going to partner with the focused solutions and providers and with pharma companies to offer digital therapeutic solutions.

Also, it is going to include the RPM for real-world evidence collection. It is going to standardize the data collection with the RPM devices and with the mobile apps, which are recording the outcomes of patient reports.

With doctor-to-doctor communication, it is going to improve doctor-patient communications along with information exchange. Also, it includes the integration with electronic medical records, which are going to be very significant.

The consumer wearables are also going to provide the entire care with the tracking of vital parameters, and also it integrates with the health records. The use of consumer wearables has arisen significantly as the patients are becoming more aware of their health.

As last week Amazon confirmed that it is going to expand telehealth services in the USA, the app-based service is going to be available for all the employees. Telehealth is experiencing much growth globally, but it still needs much improvement.