Growing Demand from North America to Push Growth of Video Telemedicine Market
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According to a recent market research report published by Transparency Market Research, the global video telemedicine market is predicted to expand rapidly through the end of this decade.
The projected expansion, the report summary reads, refers to growth at a CAGR of 16.5% during the period between 2014 and 2020.
Overall, the report — titled “Video Telemedicine Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020” — projects the global video telemedicine market to reach a valuation of $1.6 billion by 2020.
The report points out that the rapidly growing geriatric population and rising incidence of various disabilities have fuelled the demand for video telemedicine.
To learn more about the report, visit http://www.transparencymarketresearch.com/v-telemedicine-market.html
Overview of the global video telemedicine market
The global video telemedicine market is projected to expand from its market value of US$559.0 million in 2013 to an estimated total of US$1,624.4 million by the end of 2020. Based on the projections, the market is likely to develop at a remarkable 16.5% CAGR between 2014 and 2020.
As early as the 1980s, telemedicine largely relied on the progress exhibited by the video conferencing technology. However, with the integration of webcams, high-quality video sensors, and fiber optic broadband systems, the video telemedicine market has revolutionized modern medicine by enabling face-to-face communication between healthcare service providers and patients.
Impelled by factors such as rapidly increasing geriatric and disabled populations, favorable government initiatives encouraging the use of the latest technology in medicine, enhanced cost and time efficiency offered by the technology to the healthcare sector, and proliferation of new communication technologies, the market for video telemedicine is expected to demonstrate robust growth during the forecast period.
Refernce: http://mhealthwatch.com/growing-demand-from-north-america-to-push-growth-of-video-telemedicine-market-26388/
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact:
Mr. Nachiket Ghumare
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
The projected expansion, the report summary reads, refers to growth at a CAGR of 16.5% during the period between 2014 and 2020.
Overall, the report — titled “Video Telemedicine Market: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020” — projects the global video telemedicine market to reach a valuation of $1.6 billion by 2020.
The report points out that the rapidly growing geriatric population and rising incidence of various disabilities have fuelled the demand for video telemedicine.
To learn more about the report, visit http://www.transparencymarketresearch.com/v-telemedicine-market.html
Overview of the global video telemedicine market
The global video telemedicine market is projected to expand from its market value of US$559.0 million in 2013 to an estimated total of US$1,624.4 million by the end of 2020. Based on the projections, the market is likely to develop at a remarkable 16.5% CAGR between 2014 and 2020.
As early as the 1980s, telemedicine largely relied on the progress exhibited by the video conferencing technology. However, with the integration of webcams, high-quality video sensors, and fiber optic broadband systems, the video telemedicine market has revolutionized modern medicine by enabling face-to-face communication between healthcare service providers and patients.
Impelled by factors such as rapidly increasing geriatric and disabled populations, favorable government initiatives encouraging the use of the latest technology in medicine, enhanced cost and time efficiency offered by the technology to the healthcare sector, and proliferation of new communication technologies, the market for video telemedicine is expected to demonstrate robust growth during the forecast period.
Refernce: http://mhealthwatch.com/growing-demand-from-north-america-to-push-growth-of-video-telemedicine-market-26388/
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact:
Mr. Nachiket Ghumare
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com