Global Video Telemedicine By Communication Technology (3G, 4G, Satellite Communication, ADSL and Broadband ISDN), Application (Cardiology, Dermatology, Neurology and Psychiatry, Orthopaedics, Oncology, Radiology, Pathology, Gynaecology and Dentistry), Deployment (Cloud- Based Video Conferencing and On- Premise Video Conferencing), Component (Hardware and Software), End Users (Hospitals, Clinics, Home Care Services and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Video Telemedicine Market
Data Bridge Market Research analyses that the video telemedicine market will exhibit a CAGR of around 12.20% for the forecast period of 2021-2028. Rising demand for healthcare services owing to the ever-rising geriatric population, increased penetration of smartphones and other smart devices and increased expenditure for the technological advancements in video telemedicine are the major factors attributable to the growth of video telemedicine market.
Telemedicine is a technology that involves the use of electronic communication to provide healthcare services especially in the remote locations. The images and data are transmitted for analysis, diagnosis and prescribing the specific medical treatment. Video telemedicine is regarded as a good means to provide healthcare facility.
Rising demand for healthcare services in remote and backward areas is one of the leading causes for the rise in the video telemedicine market value. Rising technological advancements such as mobile collaboration technologies will further create lucrative growth opportunities for the video telemedicine market. Upsurge in the prevalence of white coat syndrome is another factor fostering growth in the demand for video telemedicine. Rising geriatric and disabled populations and increasing personal disposable income are some other indirect market growth determinants. Rising prevalence of chronic diseases will further propel growth in the market value.
However, lack of proper network infrastructure in remote areas coupled with difficulty in adapting advanced technologies will derail the video telemedicine market growth rate. Lack of awareness about video telemedicine and resistance by the villagers to adopt it will further challenge the market growth rate. Dearth of skilled professionals will also hamper the market growth rate.
This video telemedicine market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on video telemedicine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Video Telemedicine Market Scope and Market Size
The video telemedicine market is segmented on the basis of communication technology, application, deployment, component and end users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of communication technology, the video telemedicine market is segmented into 3G, 4G, satellite communication, ADSL and broadband ISDN. 3G segment is sub-segmented into GSM, CDMA and others. 4G segment is sub-segmented into LTE, WiMax and Others.
- On the basis of application, the video telemedicine market is segmented into cardiology, dermatology, neurology and psychiatry, orthopaedics, oncology, radiology, pathology, gynaecology and dentistry.
- On the basis of deployment, the video telemedicine market is bifurcated into cloud- based video conferencing and on- premise video conferencing.
- On the basis of component, the video telemedicine market is segmented into hardware and software.
- On the basis of end users, the video telemedicine market is segmented into hospitals, clinics, home care services and others.
Video Telemedicine Market Country Level Analysis
The video telemedicine market is analysed and market size insights and trends are provided by communication technology, application, deployment, component and end users as referenced above.
The countries covered in the video telemedicine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the video telemedicine market owing to the rising adoption of cloud based technologies and existence of sophisticated healthcare infrastructure. Asia-Pacific on the other hand is projected to undergo the highest growth rate during the forecast period owing to the increased focus on reducing healthcare expenditure and favourable initiatives by the government.
The country section of the video telemedicine market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Video telemedicine market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for digital health technologies market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the video telemedicine market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Video Telemedicine Market Share Analysis
The video telemedicine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to video telemedicine market.
The major players covered in the video telemedicine market report are AMD Global Telemedicine, Logitech., Cisco Systems, Inc., Huawei Technologies Co., Ltd., Sony Corporation, Plantronics, Inc., GlobalMed., Vidyo, Inc., Lifesize, VSee, ZTE Corporation., Vermont Telephone Company, Inc., Intrado., Avaya Inc., Premiere Global Services, Inc., Allscripts Healthcare, LLC, Aerotel Medical Systems (1998) Ltd., Redox, Inc, Resideo Technologies, Inc. and Koninklijke Philips N.V. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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