Market Research Industry Today
Video Telemedicine Market Estimated to be Worth US$1,624.4 Million by 2020
A new market report published by Transparency Market Research is Video Telemedicine Market (Communication Technologies: 3G, 4G, ADSL, B-ISDN, and Satellite Communication; Applications: Cardiology, Dermatology, Neurology, Orthopedics, Oncology, Pathology, Radiology, Gynecology, & Dentistry) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
Published 07 October 2015
The Global video telemedicine market states that this market is expected to grow at a CAGR of 16.5% during the forecast period from 2014 to 2020, to reach an estimated value of US$1,624.4 million. The report is titled “Video Telemedicine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” and notes that the global video telemedicine market was worth US$559.0 million in 2013.The report contains detailed information and comprehensive analysis of market trends, growth drivers and restraints, product categories, and other market segments of the video telemedicine market. The market forecast for the period from 2014 to 2020 is also described in detail in the report. The report analyzes the global video telemedicine market on three bases: Communication technology, application, and geographical distribution of the global market for video telemedicine.
According to the report, government initiatives promoting the usage of video telemedicine and the rapid increase in geriatric population are the primary factors boosting the global video telemedicine market. Additionally, its cost and time efficiency, together with the development in communication technologies, are fueling the demand for video telemedicine across the globe. On the other hand, the lack of a skilled workforce to operate video telemedicine equipment, resistance to adoption of newer technologies, and the shortage of quality infrastructure in several economies for the installation of video telemedicine equipment are restricting the market. However, the introduction of cost-effective, integrated video telemedicine solutions in the global arena and unrestricted market potential in emerging nations are expected to present novel opportunities to major market players. In the research report, the global video telemedicine market based on communication technology is categorized into the markets for 3G (CDMA, GSM, and others), 4G (WiMax, LTE, and others), ADSL (asymmetric digital subscriber line), satellite communication, and broadband ISDN (integrated services digital network).
The market for ADSL-based video telemedicine led the global video telemedicine market based on communication technology, generating the highest revenue in 2013. However, the market for 4G technology is expected to register the highest growth at a CAGR of more than 18% over the forecast period and is likely to surpass the 3G technology market.Based on the application, the global market for video telemedicine is classified into the markets for dermatology, cardiology, gynecology, orthopedics, dentistry, radiology, pathology, neurology, and psychiatry, wherein, the market for gynecology emerged as the market leader in 2013. However, the neurology and psychiatry segments are expected to witness the highest growth at a CAGR of more than 17% during the forecast period, the report states.
Browse the full Video Telemedicine Market (Communication Technologies: 3G, 4G, ADSL, B-ISDN, and Satellite Communication; Applications: Cardiology, Dermatology, Neurology, Orthopedics, Oncology, Pathology, Radiology, Gynecology, & Dentistry) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/v-telemedicine-market.html
The report also identifies the video telemedicine market in North America as the leading regional market. The market will display the fastest expansion, at a CAGR of 15%, during the forecast period.The report concludes with company profiles of the major players in the global video telemedicine market, such as AMD Global Telemedicine, Inc., Siemens Healthcare, Logitech International S.A., Sony Corporation, LifeSize Communications, Inc., Global Media Group, LLC., Premiere Global Services, Inc., Vidyo, Inc., ZTE Corporation, and Huawei Technologies Co. Ltd.
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
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Share on Social Media
Contact Information
Mr. Rohit Bhisey
Transparency Market Research
State Tower, 90 State Street,
Suite 700,
Albany
12207
+91- 8600924083
http://www.transparencymarketresearch.com/
Other Industry News
Ready to start publishing
Sign Up today!
