A new research report published by Transparency Market Research on the global video telemedicine market states that this market is expected to grow at a CAGR of 16.5% during the forecast period from 2014 to 2020, to reach an estimated value of US$1,624.4 million. The report is titled “Video Telemedicine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020” and notes that the global video telemedicine market was worth US$559.0 million in 2013. Read Full Report: http://www.transparencymarketresearch.com/v-telemedicine-market.html

1. Video Telemedicine Market Estimated to be Worth
US$1,624.4 Million by 2020
Video communication has been the topic of fascination since the era of the cold war between the
United States and the Soviet Russia. Earlier even a small glimpse of human form was considered
an achievement. Today, modern technology has advanced to such an extent that even HD video is
considered as primitive. This has been possible with the implementation of broadband networks
all across the United States and other western countries that have enabled the west to rely on an
infrastructure as a fundamental layer for the advancement of video conferencing solutions. The
progress in video conferencing technology can be attributed to the three facets that support the
industry, namely: device manufacturers, network solution providers and system integrators. The
cumulative progress of these industry segments have lead to the overall growth of the video
conferencing market, and thereby the video telemedicine applications. Telemedicine during the
1980’s relied heavily on the audio conferencing technology; video conferencing was
implemented but with little success as the quality of the video transferred was not great on a dial
up connection network. With the integration of fiber optic broadband system and high quality
video sensors and webcams, video telemedicine has been touted by many as a revolution in
modern medicine enabling face to face visit. Video telemedicine is therefore expected to replace
traditional medicine in most aspects, in the near future. With technology advancing at a high
pace, this possibility shall soon be a reality.
The video telemedicine market is primarily categorized into communication technology and
applications. The application segment includes cardiology, neurology, dermatology, orthopedics,
oncology, radiology, gynecology, pathology, and dentistry. Gynecology is the segment leader in
terms of market revenue among the application areas of video telemedicine. Increasing
awareness among women regarding female health risks and rising favor of privacy enabled
doctor consultations have lead to the growth of video consultations in gynecology segment.
However, neurology segment is witnessing the fastest growth owing to rising number of
psychiatric consultation cases. Besides, a range of neurological disorders and conditions such as
stroke, Alzheimer’s and Parkinson’s have ensured long term chronic care patient returns that
result in increased video consultations. Dentistry, dermatology, oncology and radiology segments
however will undergo reserved growth during the forecast period. The application areas such as
pathology and cardiology are expected to demonstrate growth potential in the future beyond the
forecast period although their present growth rate is not significant. This may be attributed to the
increasing prevalence of cardiology diseases and rising concerns regarding contagious infections.
Among the various communication technologies used in video telemedicine, ADSL (Asymmetric
Digital Subscriber Line) leads the present video telemedicine market in 2013. On the other hand,
4G (LTE, Wimax, Others) is expected to exhibit the highest growth rate for the forecast period.

2. This can be attributed to the widely present fixed line communication networks such as ADSL
and ISDN that are available globally. 4G technologies on the other hand are presently restricted
to the western countries where it observes great support and growth and is yet to gain interest in
the emerging markets of the Asia Pacific region. 3G technologies come close to being the second
most growing technology in video telemedicine. Satellite communication and broadband ISDN
(Integrated Services Digital Network) are communication technologies that have an attractive
growth potential; however they consist of a smaller fraction of the overall global video
telemedicine market.
Browse Full Report: http://www.transparencymarketresearch.com/v-telemedicine-market.html
Geographically, North America was the largest video telemedicine market in terms of revenue
for the year 2013 followed by the Europe. The fastest growth is also attributed to North America
due to the highly developed and penetrated video telemedicine market in the U.S. Telemedicine
itself has roots within the United States and shall continue to directly encourage growth within
the video telemedicine solution with the advancement of technology and the rising cost of
healthcare in the country. The Asia Pacific region exhibits second fastest growth rate during the
forecast period. Rapidly growing population and increasing government initiatives in emerging
countries such as China and India are some of the primary reasons why this region boasts of a
high growth rate. In addition, the existence of a large number of device manufacturing
companies making cheaper equipment and increasing penetration of network providers will
ensure steady market penetration and growth for the future.
The video telemedicine market is observed to comprise mainly of device manufacturers, system
integrators and network solution providers. Few players present themselves as the largest players
in the global video telemedicine market. Among device manufacturers, the largest players are:
Logitech International S.A and AMD global Telemedicine. Among network service providers
Cisco Sytems Inc. was the largest player and among system integrators Polycom Inc. was the
largest player. Overall, in the global video telemedicine market, Cisco Systems, Inc. have the
largest global presence, offering a wide range of video telemedicine solutions and services
worldwide. Their market presence in emerging markets and expertise in providing software
solutions paved the way to their stronghold in the industry. Other companies include Siemens
Healthcare, Sony Corporation, GlobalMed Inc., VSee lab Inc., Vidyo Inc., Vermont Tel, LifeSize
Communication Inc., Permier Global Services Inc., Huawei Technologies Co Ltd and ZTE
Corporation.
Browse Full Press Release on Telemedicine Market:
Press Release

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