Virtual Doctor-Patient Video Consultations to Grow 65 Percent by 2018 | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Virtual Doctor-Patient Video Consultations to Grow 65 Percent by 2018

February 14, 2014
by Gabriel Perna
| Reprints

The virtual care doctor-patient video consultation industry will grow significantly over the next five years, according to new research from the Dallas-based market research and consulting company, Parks Associates.

Researchers estimate that by 2018, the virtual doctor consulation industry will have revenues of $13.7 billion. Furthermore, 28 percent of households with broadband in America have used some type of virtual care communication tool, which will grow 65 percent over the five-year period, Parks researchers say.

The connected care market will also show explosive growth, Parks says. By 2016, researchers say more than 32 million U.S. consumers will actively track personal health and fitness online or via mobile. U.S. sales of connected wellness and personal health products and services will exceed $8 billion in 2018, it predicts.

“All types of healthcare providers, from hospitals to physicians, need to embrace virtual care to ensure its success,” Harry Wang, director of digital health research at Parks Associates, said in a statement. “Next-generation cloud-based technologies will enable providers to tailor remote care programs to specific populations so they can cost-effectively move patients from an acute-care setting to self-managed behavior.”

The virtual care market has already shown growth in Northern California. Recently, leaders at Kaiser Permanente Northern California (KPNC) revealed that the number of virtual "visits" by the provider's patients grew from 4.1 million in 2008 to an estimated 10.5 million in 2013, he said. KPNC predicts that by 2016 virtual visits including secure e-mail, telephone, and video encounterswill exceed in-person visits in its Northern California system.

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

Blockchain Company Hashed Health Gets New Partner

ODH, Inc., a New Jersey-based health technology company, has joined with blockchain innovation consortium Hashed Health.

NCQA Approved by Government as ONC-Authorized Testing Lab

The National Committee for Quality Assurance (NCQA) has announced that its eMeasure testing laboratory is now approved by the Office of the National Coordinator for Health Information Technology (ONC).

Survey: Infrastructure, Interoperability Key Barriers to Global HIT Development

A new survey report from Black Book Research on global healthcare IT adoption and records systems connectivity finds nations in various phases of regional electronic health record (EHR) adoption. The survey results also reveal rapidly advancing opportunities for U.S.-based and local technology vendors.

Penn Medicine Opens Up Telehealth Hub

Philadelphia-based Penn Medicine has opened its Center for Connected Care to centralize the health system’s telemedicine activities.

Roche to Pay $1.9B for Flatiron Health

Switzerland-based pharmaceutical company Roche has agreed to pay $1.9 billion to buy New York-based Flatiron Health Inc., which has both an oncology EHR and data analytics platform.

Financial Exec Survey: Interoperability Key Obstacle to Value-Based Payment Models

Momentum continues to grow for value-based care as nearly three-quarters of healthcare executives report their organizations have achieved positive financial results from value-based payment programs, to date, according to a new study from the Healthcare Financial Management Association (HFMA).