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Video Telemedicine Market Growth, Competitive Strategies |Growing Industry Key Players AMD Global Telemedicine, Inc., Logitech International S.A., Cisco Systems, Inc., Huawei Technologies Co., Ltd., Sony Electronics Inc

10-11-2018 11:07 AM CET | Health & Medicine

Press release from: Crystal Market Research - Healthcare

/ PR Agency: Crystal Market Research
Video Telemedicine Market Size, Video Telemedicine Market Status, Video Telemedicine Market Growth

Video Telemedicine Market Size, Video Telemedicine Market Status, Video Telemedicine Market Growth

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.

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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.

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.

Competitive Analysis:
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.

Market Opportunities:
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 years.

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Some points from TOC:-
1.1.Report Description
1.2.Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research

2.Executive Summary
2.1.Key Highlights

3.Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2.Market Share Analysis
3.3.Market Dynamics
3.3.1. Drivers Demand for Healthcare Services in Remote and Rural Areas Need to Reduce Cost of Healthcare Geriatric Population Worldwide

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Data Mining:
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

About Crystal Market Research:
Crystal Market Research is a U.S. based market research and business intelligence company. 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.

Crystal Market Research
304 South Jones Blvd, Suite 1896,
Las Vegas NV 89107,
United States
Toll Free: +1-888-213-4282

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