ReportsnReports’ “Global Telehealth Market 2015-2019” report forecasts mobile and healthcare IT will help the worldwide telehealth industry grow at 18.88% CAGR during 2014-2019.

The entire market is set to nearly double in next 5 years thanks to the demand for high-quality healthcare and remote patient monitoring. While all the major players in the market are focusing on R&D to launch new products and services, there is also a sense of urgency among vendors regarding the need to improve bandwidth and enhance the reach of mobile health.

Major telehealth market players such as GE Healthcare, McKesson, Philips Healthcare, and Siemens Healthcare are focusing on removing cost pressures by reducing fragmentation among healthcare and network providers. They are taking keen interest in developing common guidelines for telehealth services while driving innovation.

Vendors are also working in partnership with the telecom and healthcare sectors to expand the global mobile health market, with mobile connectivity emerging as one of the main advantages in telehealth, to be deployed for remote monitoring, medicine compliance, and assisted living facilities for connected patients.