Video telemedicine provides clinical health treatment from a distant place. This is done with the help of information technology and telecommunication. The main function of video telemedicine is to provide help in critical and emergency situations. The video telemedicine market is witnessing growth and likely to attain USD 1.64 billion by the end of 2020.
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The prominent factors responsible for the growth of video telemedicine market are governmental support, rapid increase in communication technologies and devices and access to disabled population. However, the lack of expert medical staff and proper infrastructure in some countries is expected to restrain the market.
The video telemedicine market can be segregated into technologies, applications and geographies. The technologies market can be subdivided into satellite communication, 3G (CDMA, GSM), 4G (WiMax, LTE), asynchronous transfer mode, IP multimedia services and asymmetric digital subscriber line.
The video telemedicine market, on the basis of applications, can be split into oncology, pathology, dentistry, orthopedics, radiology, cardiology, gynecology, dermatology and neurology & psychiatry. Gynecology is one of the most revenue generating application segments.
North America, Asia Pacific, Europe and ROW (rest of the world) are the four geographical regions analyzed under the video telemedicine market. North America leads the market. This is attributed to constant developments, increased utilization of resources and improved healthcare sectors in the region.
Asia Pacific is witnessing considerable growth. This is because of growing geriatric population, rapidly growing population and increasing chronic diseases. Also, increasing patient awareness and boost in skilled people for video telemedicine are predicted to augment further demand for the video telemedicine market.
Video Telemedicine Market Share
Information Source: Grand View Research