Crystal Market Research published a Premium Research Report on “Global Video Telemedicine Market Research Report – Forecast to 2025” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025.
Regional Outlook and Trend Analysis:
North America dominated the global video telemedicine market in 2016 owing to the presence of robust Healthcare IT infrastructure in the region along with high adoption of telemedicine by the healthcare providers as well as patient community. Asia-Pacific video telemedicine market is expected to exhibit lucrative growth during the forecast period due to increasing incidence of chronic diseases and increasing demand for reducing the overall cost of healthcare in emerging economies such as China and India.
The key players operating in the global telemedicine market focus on product innovation and development to introduce next generation products which will assist physicians in remotely interacting with patients more efficiently. Such innovations hold the promise to take these players to the forefront in terms of market coverage. Moreover, these major players also undertake strategic collaborations to collectively develop advanced solutions by leveraging their mutual expertise. For instance, in October 2014, DigiGone, a communication solutions provider for secure video transmission, launched DigiMed kits for aviation, marine and land based applications. The system provides real time teleconferencing solutions using terrestrial and satellite links enabling a direct interaction between the patient and the physician located at remote places. Some of the major players operating in the global telemedicine market are, AMD Global Telemedicine, Inc., Logitech International S.A., Cisco Systems, Inc., Huawei Technologies Co., Ltd., Sony Electronics Inc., Polycom, Inc., GlobalMedia Group, LLC. (GlobalMed), Vidyo, Inc., Lifesize, Inc., VSee, ZTE Corporation and Vermont Telephone Company, Inc.
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Emerging countries such as China, Brazil and India are expected to favorably adopt telemedicine in coming years to benefit from its capability to expand the reach of healthcare delivery to remote places where required healthcare infrastructure is not available. Moreover, as telemedicine can considerably reduce the cost incurred by patients for receiving healthcare access and treatment, such emerging economies will offer lucrative growth opportunities for global telemedicine market in coming year
Industry Trend Analysis:
The global video telemedicine market is expected to be around $3 billion by 2025. The market is primarily driven by factors such as increasing geriatric population around the world, significant advancements in telecommunication technology and its integration with healthcare delivery systems and its ability to facilitate healthcare delivery in remote areas where healthcare institutions are not accessible. As telemedicine enables access to healthcare professionals through electronic devices over telecommunication networks, expense on travelling to and from the healthcare institutions can be considerably reduced. This attribute of telemedicine technology is more favorable for geriatric patients who cannot easily travel such distances for routine healthcare issues. Also, in remote areas where healthcare services are not available in the vicinity, patients can largely benefit from telemedicine with respect to easier and timely access to healthcare providers in terms of emergency situations. Hence, the global video telemedicine market is expected to witness robust growth during the forecast period. However, factors such as dearth of skilled and trained professionals to efficiently operate sophisticated telemedicine devices and lack of awareness related to telemedicine in less developed countries can hamper the growth of global video telemedicine market during the forecast period.
Technology Outlook and Trend Analysis:
Asymmetric Digital Subscriber Line (ADSL) segment held the largest share of the global video telemedicine market in 2016 owing to the extensive ADSL network availability around the world as compared to other technologies. However, 4G technology segment is expected to witness tremendous growth over the forecast period due to rising demand for high-speed internet around the world and rapid implementation of 4G networks by major telecom service providers globally.
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Application Outlook and Trend Analysis:
In terms of market revenue, gynecology segment is expected to be the dominant segment in the global video telemedicine market. This significant market share can be attributed to the rising awareness among women about the health risks and their desire for privacy enabled doctor consultations. However, neurology segment is expected to exhibit fastest growth during the forecast period owing to increasing incidence of long-term neurological disorders such as Parkinson’s disease and Alzheimer’s which require frequent consultations and interactions with physicians. Moreover, increasing cases of psychiatric consultation will also favorably contribute to the growth of neurology segment during the forecast period.
Video Telemedicine Market Segmentation:
By Communication Technology:
- 3G Technology (CDMA, GSM, Others)
- 4G Technology (WiMax, LTE, Others)
- Asymmetric Digital Subscriber Line (ADSL)
- Satellite Communication
- Broadband ISDN
- Neurology & Psychiatry
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- South Africa
- Saudi Arabia
- United Arab Emirates
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Major TOC of Video Telemedicine Market:
Part 1. Introduction
Part 2. Executive Summary
Part 3. Market Overview
Part 4. Video Telemedicine market, By Technology
Part 5. Video Telemedicine Market, By Application
Part 6. Video Telemedicine Market, By Region
Part 7. Company Profiles
List of Tables:
Table 1.Video Telemedicine Market, By Technology, 2016-2025 ($Million)
Table 2.3G Technology Market, By Region ($Million), 2016-2025 ($Million)
Table 3.4G Technology Market, By Region ($Million), 2016-2025 ($Million)
Table 4.ADSL Market, By Region ($Million), 2016-2025 ($Million)
Table 5.Satellite Communication Market, By Region ($Million), 2016-2025 ($Million)
List of Figures:
Figure 1.Video Telemedicine Market Share, By Technology, 2016 & 2025 ($Million)
Figure 2.Video Telemedicine Market, By Application, 2016 & 2025, ($Million)
Figure 3.Video Telemedicine Market, By Region, 2016 & 2025, ($Million)
Figure 4.Logitech International S.A.: Net Revenues, 2014-2016 ($Million)
Figure 5.Logitech International S.A.: Net Revenue Share, By Segment, 2016
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