Video Telemedicine Market Rapid Growth By Leading Players Huawei technologies Co. Ltd., Polycom Inc., Vidyo Inc., Adobe Systems Incorporated, Cisco Systems, Inc., Avaya Inc., ZTE Corporation.

Video Telemedicine Market is expected to have a highly positive outlook for the next five years 2018–2026 according to a recently released Video Telemedicine Market research report. The report has been added in his large database by Coherent Market Insights.
The major takeaways in the report are product segment analysis, application segment analysis, regional segment analysis and data of the major Video Telemedicine Market players from around the world. The report presents an introductory as well as detailed information about the Video Telemedicine Market through a well-organized layout divided into easy to understand chapters.

A joint survey conducted in 2016, by American Telemedicine Association (ATA) and WEGO Health, to understand patient’s perspective on the use of video telemedicine, revealed that consumers are more interested in using telehealth as a replacement or complement technique for in-person patient care. Video conferencing in healthcare reduces re-hospitalization by extending care at home, delivers video-audio consultation, provides easy-to-use interface and reduce travel time and associated costs. In addition, video telemedicine improves efficiency by clear content sharing and facilitating more participant to engage into discussion.

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More than half of patients surveyed by the Health Industry Distributors Association (HIDA), in 2016, were more satisfied receiving telehealth service, and 54% said that the experience was better than traditional physician clinic visit. Moreover, more than half of the survey respondents learned about telehealth from their physicians rather than telemedicine service provider. Moreover, the physician and consulting healthcare professionals are an important link to provide telemedicine services to the patients, thereby to increase growth of the video telemedicine market in near future.
An increasing need for delivering healthcare services to rising geriatric population, growing dearth of physicians and increasing chronic disease incidence facilitates the growth of video telemedicine market. Moreover, increasing adaptation of mobile, smartphone and tablet into healthcare IT segment facilitating technology penetration and incorporation of big data to allow more efficient, more effective and improved operational efficiency in telemedicine services, further helps to boost the video telemedicine market, in near future.

According to the World Health Organization (WHO), around 17.7 million people died from cardiovascular diseases in 2015, representing 31% of all global deaths. Chronic obstructive pulmonary disease (COPD) is a chronic lung disease, accounting for 3 million deaths in 2015, according to the same source. The 2016 Physician Supply and Demand Report, released by Association of American Medical College (AAMC), projects the significant physician shortfall, in the U.S. between 2014 and 2025, which is ranges between 61,700 and 94,700.

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Video telemedicine to become effective tool as in-person care for Parkinson’s disease
According to the study published in Neurology Journal, in April 2017, video telemedicine is expected to become a new tool to improve care for people suffering from Parkinson’s disease and essentially for those patients who do not have easy access to a neurologist. Moreover, the study finding shows that video telemedicine for chronic disease such as Parkinson’s disease is more effective than in-patient care. In addition, the broader adaptation of technology has a potential to expand the access to patient-centered care facilities.

Some of the key players operating in the video telemedicine market are Huawei technologies Co. Ltd., Polycom Inc., Vidyo Inc., Adobe Systems Incorporated, Cisco Systems, Inc., Avaya Inc., ZTE Corporation, West Corporation and Microsoft Corporation.

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Video Telemedicine Market Taxonomy:

On the basis of deployment, video telemedicine market segmented into:

On-premise video conferencing
Cloud-based video conferencing

On the basis of component, video telemedicine market segmented into:

Hardware
Software

On the basis of application, video telemedicine market segmented into:

Oncology
Cardiology
Dermatology
Gynecology
Dentistry
Neurology
Others (Orthopedics, Pathology)

On the basis of communication technologies, video telemedicine market segmented into:
3G
4G
ADSL
Broadband ISDN
Satellite communication

On the basis of end-user, video telemedicine market segmented into:
Hospitals
Clinics
Home Care services

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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This release was published on openPR.