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Video Telemedicine Market- Global Industry Analysis and Forecast 2016-2025

A research study titled, Video Telemedicine Market by Technology and Application - Global Industry Analysis and Forecast to 2025”
Stephen Brown | 20.04.2018
© Stephen Brown
A research study titled, Video Telemedicine Market by Technology and Application - Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the video telemedicine market is projected to be around $3 billion by 2025.

Video Telemedicine Market - Report Overview:
Telemedicine refers to interactive healthcare facilitated over a distance using telecommunication and information technology. Video telemedicine systems are used for diagnosis of patients located at remote locations. These systems transmit medical information in audio, video and graphical form between two or more sites using video and telecommunication technology. Video telemedicine can also be used for remote clinical consultation between healthcare professionals. Video telemedicine systems can play an important role in training and education of the medical staff and in administrative functions at healthcare institutions.

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The components of a video telemedicine system can differ based upon the configuration selected by the buyer. Usually, a telemedicine video conferencing system comprises of a monitor, a camera, a codec, user interaction devices such as a mouse, keyboard, input devices such as document scanners, storage and output devices including CD-ROM drives and printers among other such components. Patient examination is carried out using instruments such as stethoscopes, ophthalmoscopes and cameras connected to the video telemedicine system.

Key Factors affecting Video Telemedicine Market:
Some of the key factors driving the video telemedicine market growth are rising demand for accessible healthcare by people residing in remote areas, technological advancements in telecommunication and medical devices, increasing need to reduce the overall expense on healthcare by the patients.

Asymmetric digital subscriber line (ADSL) technology segment accounted for the major share of the overall video telemedicine market in 2016 whereas 4G technology segment is projected to grow at the fastest rate throughout the forecast period. On the basis of applications, gynecology segment held a significant share of the video telemedicine market in 2016 due to increased preference for video telemedicine and raising awareness related to health risks among women. However, neurology segment is projected to grow to grow with the fastest CAGR between 2017 and 2025.

Video Telemedicine Market -Regional Outlook:
North America dominated the global video telemedicine market in 2016 as a result of extensive adoption of video telemedicine by healthcare fraternity as well as the patient community along with availability of advanced healthcare IT infrastructure in the region.
Asia-Pacific video telemedicine market is expected to witness rapid growth during the forecast period due to the rising need for reducing the overall cost of healthcare and for enabling healthcare delivery in rural areas.

Video Telemedicine Market -Top Major Market Players:
Some of the key players in the global video telemedicine market are, ZTE Corporation, VSee, Vidyo, Inc., Vermont Telephone Company, Inc., Lifesize, Inc., GlobalMedia Group, LLC. (GlobalMed), Polycom, Inc., Logitech International S.A., Huawei Technologies Co., Ltd., Sony Electronics Inc., Cisco Systems, Inc. and AMD Global Telemedicine, Inc.

Key Findings of the Research Study:
Asymmetric digital subscriber line (ADSL) segment dominated the global video telemedicine market in 2016 owing to the extensive presence of ADSL network as compared to other technologies.

4G technology segment is expected to witness tremendous growth throughout the forecast period due to the rapid shift towards 4G by telecom companies as well as consumers in order to leverage its capability to deliver high-speed internet connectivity. The segment is expected to grow with double-digit CAGR between 2017 and 2025.

Gynecology segment held the major share of the video telemedicine market in 2016 whereas; neurology segment is expected to exhibit significant growth during the forecast period due to increase in incidence of neurological disorders such as Alzheimer’s and Parkinson’s disease.

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About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customized research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.

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