The growing anticipation around significant adoption of telehealth services received a boost from a research report that projects a 20-fold growth in telehealth patients and a tenfold increase in the industry's revenue.

The report trumpeting these figures, released by consulting firm IHS Technology, comes on the heels of other highly optimistic survey-based forecasts that indicate that telehealth is being embraced by both patients and medical providers.

The IHS report predicts that the number of patients globally using telehealth services of one sort or another will jump from 350,000 in 2013 to 7 million by 2018. This trend will lead to soaring industry revenue, from $440.6 million in 2013 to $4.5 billion in 2018. 

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Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.