Global Video Telemedicine Market Report Examines Latest Trends and Key Drivers Supporting Growth through 2020

In order to study the various trends and patterns prevailing in the overall market for Video Telemedicine, Market Research Reports Search Engine (MRRSE) has included a new report titled “Video Telemedicine Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.

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The rapid penetration of broadband internet will impel the growth of the video telemedicine market, finds a latest report by MRRSE. The report, titled, “Video Telemedicine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, says that by 2020, the market’s valuation will touch US$1,624.4 mn, up from US$559.0 million as of 2013. The global video telemedicine market is expected to register a CAGR of 16.5% between 2014 and 2020, the report further states. A detailed segmentation of the market helps build a solid foundation for the study. To this end, the global video telemedicine market has been segmented on the basis of application, communication technology, and geographical distribution.

With age come a variety of mobility issues. As the world’s graying population base expands dramatically, there is a pressing need for healthcare services and specialists to reach out to these aged individuals rather than the other way round. This factor will lead to an unprecedented interest in the deployment of video telemedicine solutions, especially in countries where the majority of the population is already connected to the internet. In both developed and underserved regions of the world, governments have realized the many benefits of video telemedicine consultations, creating a smoother path for the growth for the global video telemedicine market.

The key restraints that will stand in the way of the market’s growth, however, are: Reluctance to adopt new technologies, a dearth of skilled staff to enable the seamless deployment of video telemedicine, and the underdeveloped network infrastructure in many regions of the world. Companies in the telemedicine market can find a way around these problems by introducing integrated telemedicine solutions that are easy to use and cost less than the existing options.

With the aim to drill down to the second and third level of the global video telemedicine market, the report segments the market by communication technology into: 3G (GSM, CDMA, Others), Satellite Communications, 4G (LTE, WiMax & Others), Broadband Integrated Services Digital Network (B-ISDN), and Asymmetric Digital Subscriber Line (ADSL).

Furthermore, the report provides extensive qualitative information about the following communication technologies in the context of the video telemedicine market: Asynchronous Transfer Mode (ATM) and IP Multimedia Systems (IMS). The highest revenue generating segment in 2013 in the global video telemedicine market, according to the report, was that of ADSL-based video telemedicine segment. However, as the adoption of 4G spreads across the world, the 4G-based video telemedicine segment is poised on the brink of seeing impressive growth.

By application, the global video telemedicine market is segmented into dermatology, cardiology, gynecology, psychiatry and neurology, oncology, orthopedics, dentistry, radiology, and orthopedics. While video telemedicine was most widely used for gynecology-related consultation in 2013, the use of neurology and psychiatry segment will see patients and doctors heavily relying on video telemedicine in the coming years. As a result, the neurology and psychiatry segment will exhibit a remarkable 17.0% CAGR from 2014 to 2020.

The video telemedicine market primarily comprises system integrators, manufacturers, and network solution providers. Among the device manufacturers, key players in the market are AMD global Telemedicine and Logitech International S.A. Cisco Systems Inc. leads the market among the network service providers. Polycom Inc. is the most prominent among system integrators. Other key players in the market are Sony Corporation, Siemens Healthcare, Vermont Tel, Permier Global Services Inc., VSee lab Inc., Huawei Technologies Co Ltd, GlobalMed Inc., LifeSize Communication Inc., Vidyo Inc., and ZTE Corporation.

Complete Report details with Tables and Figures @ https://www.mrrse.com/v-telemedicine-market

Global Telemedicine Market Segmentation, by Communication Technology

3G (GSM, CDMA, Others)
4G (LTE, WiMax, Others)
Satellite Communication
ADSL (Asymmetric digital subscriber line)
Broadband ISDN (Integrated Services Digital Network)

Global Telemedicine Market Segmentation, by Application

Cardiology
Dermatology
Neurology & Psychiatry
Orthopedics
Oncology
Radiology
Pathology
Gynecology
Dentistry

Major geographies analyzed under this research report are:

Europe
North America
Asia-Pacific
Rest of the World

This report gives you access to decisive data such as:

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for the coming years

Key highlights of this report

Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Offers a clear understanding of the competitive landscape and key product segments

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This release was published on openPR.