Video Telemedicine Market 2021: SWOT Analysis | Top Players Huawei technologies Co. Ltd., Polycom, Vidyo, Adobe Systems Incorporated

Video telemedicine for treating patients is an important aspect of telemedicine facility, which facilitates reliable quality and clinical efficiency to in-home care, acute care, and ambulatory care. Telehealth continues to gain importance in healthcare industry as patients are realizing the value of virtual care options and substituting it for in-patient care option.

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Market Dynamics- Drivers

Growing need for delivering healthcare services to increasing geriatric population, growing dearth of physicians, and increasing prevalence of chronic diseases are expected to drive growth of the global video telemedicine market during the forecast period.

Moreover, increasing adaptation of mobile phones, 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, which in turn, is expected to drive the global video telemedicine market growth in the 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.

Global Video Telemedicine Market Taxonomy:

On the basis of deployment:
• On-premise video conferencing
• Cloud-based video conferencing

On the basis of component:
• Hardware
• Software

On the basis of application:
• Oncology
• Cardiology
• Dermatology
• Gynecology
• Dentistry
• Neurology
• Others (Orthopedics, Pathology, etc.)

On the basis of communication technologies:
• 3G
• 4G
• ADSL
• Broadband ISDN
• Satellite communication

On the basis of end user:
• Hospitals
• Clinics
• Home Care services

Tailored Information as per niche requirement:

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Competitive Landscape

Major companies operating in the global 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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This release was published on openPR.