Global Video Telemedicine Market is valued approximately USD 1.25 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 15.9 % over the forecast period 2021-2027. Telemedicine can be defined as the use of technology (computers, video, phone, messaging) by a medical professional to diagnose and treat patients in a remote location. Demand for healthcare services and technologies advancement, increasing geriatric population and strategic development between hospitals and urgent care providers has led the adoption of video telemedicine across the forecast period. As technology upgradation such as chatbots, robots use of artificial intelligence make the hospitality feasible. For instance, In 2019, the telemedicine market size in India was almost 830 million U.S. dollars, Total Digital Health Industry Funding World Wide in 2020 13.9 billion USD. However, fraudulent activities and healthcare affordability impede the growth of the market over the forecast period of 2021-2027. Also, digitalization and awakening awareness the adoption & demand for video telemedicine is likely to increase the market growth during the forecast period.
The regional analysis of global Video Telemedicine market is considered for the regions as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to high deployment rate of video telemedicine applications growing demand for smartphones, the elevating use of mobile health app. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as prevalence of chronic diseases, overcrowding of hospitals would create lucrative growth prospects for the Video Telemedicine market across Asia-Pacific region.
Major market player included in this report are:
Cisco Systems, Inc.
AMD Global Telemedicine, Inc.
Huawei Technologies Co. Ltd.
Logitech, Cisco Systems
GlobalMed, Vidyo, Inc.
Vermont Telephone Company, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Neurology & Psychiatry
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Video Telemedicine Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers