Valuation of Global Video Telemedicine Market to Reach US$1,624.4 mn by 2020, Driven by 4G Reaching More Consumers

Video telemedicine is the precise mix of data advancements and media transmission to offer social insurance benefits even remotely. Video telemedicine market is foreseen to showcase lucrative development openings over the forecast duration attributable a number of factors, for instance, rising demand for human services for individuals residing in remote regions and segregated groups. Furthermore, mechanical progressions, for example, the advancement in portable coordinated effort advances that can enable the social insurance experts’ to share data in various areas, growing pool of outpatient visits and rising interest to decrease general cost of human services are a few factors that are relied upon to support market development. In addition, surging frequencies of hospital acquired infections, prevalence of white coat disorder and rising interest for fast and effective prognosis are few elements which are required to support the video telemedicine market development.

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he 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.

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