With the majority of health-care costs spent for the treatmentof chronic diseases (High BP, Dibetes & HIV) and the reason formost emergency room visits being non-emergencies, the time is ripefor telemedicine in South Africa. More so with Covid-19 pandemic,patients are reluctunt to visit a hospital for non-emergencies.Patients are using their phones, tablets, and keyboards instead ofmaking an office visit or trip to the emergency room. Technologymakes it possible for doctors to consult with patients throughSkype or FaceTime on smartphones, access medical tests viaelectronic medical records, and send a prescription to a patient’slocal pharmacy—all from miles away. The telemedicine industry isstill in its infancy, earning only $868 million in annual revenuein 2017, but it is predicted to increase to an almost $56 billionindustry by 2023. It is expected to exhibit a CAGR of 17% from 2018to 2023 (forecast period). Technology isn’t the only reason forthis industry’s growth such as adoption of electronic healthrecords (EHR) by hospitals is one of the primary drivers of themarket. The legislation suport by Governements that are encouragingelectronic medical records is also adding fuel to this fire. Inorder to ensure health care services are still being providedduring the national period of shut down and during the Covid- 19pandemic and to achieve the objectives of “The Allied HealthProfessions Act” (63) was amended on 25 March 2020 by PresidentCyril Ramaphosa that allows to practice telehealth and/ortelemedicne for medical professionals.
Based on the scenario given above, critically discuss pros andcons of offering medical services with help of telemedicine.Critically discuss the marketing decisions that may be used in theselected product life cycle of telemedicine? Critically evaluatethe role of mobile technology and artificial intelligence (AI) inthe evolution of this industry and predict future trajectory?Justify your response.