Telemedicine represents a rapidly growing sector of health care. Part of this segment, remote patient monitoring, now exceeds $5 billion annually.A new Insight and Intelligence report predicts close to a 70% growth rate in this industry for the next several years. As with many start-up industries, many small companies offer telemedicine service to health care providers. These small firms typically earn average revenues of $6.6 million. As the industry moves from start-up through high-growth and to maturity, some firms will survive or be bought up by larger operators or conglomerates. Others will fail.
Contact new businesses offering telemedicine services and help them develop an effective marketing plan to ensure long-term business success.