Video Telemedicine Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

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Jan 23, 2015, 01:27 ET

DUBLIN, Jan. 23, 2015 /PRNewswire/ --Research and Markets

(http://www.researchandmarkets.com/research/vzhr6h/video) has announced the addition of the "Video Telemedicine Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" report to their offering.

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.

Key Topics Covered:

Chapter 1 Introduction

Chapter 2 Executive Summary

Chapter 3 Market Overview

Chapter 4 Global Telemedicine Market, by Specialty

Chapter 5 Global Telemedicine Market, by Service Type

Chapter 6 Global Telemedicine Market, by Geography

Chapter 7 Recommendations

Chapter 8 Company Profiles

Companies Mentioned: