Video Telemedicine Market size is forecast to grow at over 16% CAGR from 2016 to 2023

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Video Telemedicine Market size is forecast to
grow at over 16 CAGR from 2016 to 2023
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Video Telemedicine Market size is forecast to
grow at over 16 CAGR from 2016 to 2023

• The growing demand amidst patients residing in
  remote and inaccessible places for healthcare
  services will drive the industry in the coming
  years.
• Development of mobile technologies permitting
  exchange of medical information to multiple
  locations by expert medical professionals,
  constantly increasing number of outpatients and
  attempts to reduce healthcare costs are also
  likely to fuel global video telemedicine market
  size.
• Surge in the occurrence of white coat syndrome,
  hospital acquired/nosocomial infections and the
  demand for rapid and effective treatments coupled
  with government initiatives will further boost
  industry growth.
• These regulations center on promoting the use of
  latest medical technology offering reduced costs
  and enhanced time efficiency.
• The development of efficient and versatile
  communication technologies and enhanced video
  capturing devices such as webcams, cameras etc.
  are other growth drivers. 
• https//www.gminsights.com/industry-analysis/video
  -telemedicine-market

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• Rapidly increasing disabled and geriatric
  population is forecast to present attractive
  growth opportunities to industry participants.
• According to the UN, global geriatric population
  is set to exceed 1.13 billion by 2023.
• U.S. video telemedicine market occupied
  considerable revenue in share in 2015 this trend
  is expected to continue through the forecast
  timeframe owing to continuous improvements and
  technology developments, and efficient resource
  utilization.
• Asia Pacific video telemedicine market share is
  projected to grow at a quick pace during the
  forecast period due to rapidly increasing
  population, significant geriatric population base
  afflicted with chronic diseases, and rising
  patient awareness.
• The industry is divided on the basis of
  communication technology and application.
  Communication technology comprises 3G (GSM,
  CDMA), 4G (LTE, WiMax), satellite communication,
  ADSL (Asymmetric Digital Subscriber Line), and
  Broadband ISDN (Integrated Services Digital
  Network).
• Amongst these, ADSL was the biggest segment in
  2015 as a result of its high popularity over the
  other existing technologies.
• Get more detail _at_ https//www.gminsights.com/indus
  try-analysis/video-telemedicine-market

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• Nonetheless, usage of 4G technology is predicted
  to rise rapidly at an approximate CAGR of above
  17 and will surpass 3G in the near future, due
  to the requirement of faster upload, download and
  data transfer rates.
• Based on application, the industry is categorized
  into cardiology, orthopedics, radiology,
  neurology, dermatology, gynecology, dentistry,
  oncology and pathology.
• The gynecology segment is expected to be the
  maximum revenue generator on account of growing
  demand for privacy amongst patients and medical
  professionals, growing awareness amongst the
  female population regarding various health risks
  coupled with the availability of 24/7 assistance
  to the patient.
• The video telemedicine market share is composed
  of manufacturers, network solution providers, and
  system integrators. The chief manufacturing
  companies comprise Logitech International and AMD
  Global Telemedicine, while Polycom is an
  important player amongst system integrators.
• Cisco Systems Inc is the prime company in the
  networks solution. Other major players are
  Life-Size Communication Inc., Vermont Tel, Huawei
  Technologies Co Ltd., Premier Global Services
  Inc., VSee lab Inc., GlobalMed Inc., Sony
  Corporation, and Vidyo Inc.
• Get more detail _at_ https//www.gminsights.com/indus
  try-analysis/video-telemedicine-market

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