Growing Demand from North America to Push Growth of Video Telemedicine Market at 16.50% CAGR: Transparency Market Research

ALBANY, N.Y.--()--According to a recent market research report published by Transparency Market Research, the global video telemedicine market is predicted to expand at a CAGR of 16.5% during the period between 2014 and 2020. The report, titled “Video Telemedicine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, projects the global video telemedicine market to reach a valuation of US$1.6 billion by 2020.

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The report points out that the rapidly growing geriatric population and rising incidence of various disabilities have fuelled the demand for video telemedicine. Government reforms encouraging the use of video telemedicine have further augmented the growth of the global telemedicine market. Improved cost and time efficiencies favoring the need of the healthcare sector, coupled with proliferation of communication technologies and devices, have boosted the market. However, dearth of skilled medical staff for operating video telemedicine solutions will negatively impact the market. The market has a huge opportunity to grow with the cost-effective video telemedicine integrated solutions.

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On the basis of communication technology, the global video telemedicine market has been segmented into 3G, 4G, satellite communications, asymmetric digital subscriber line (ADSL), broadband integrated services digital network, IP multimedia systems, and asynchronous transfer mode. In 2013, the market for ADSL-based video telemedicine dominated the overall market with the highest revenue. During the forecast period, 4G technology is estimated to register the highest growth, at a CAGR of over 18%.

Out of the various applications of video telemedicine, gynecology dominated the global video telemedicine market, closely followed by dermatology, neurology, orthopedics, and radiology.

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The report studies the global video telemedicine market across Asia Pacific, Europe, North America, and Rest of the World. North America leads the overall market.

About TMR

Transparency Market Research (TMR) is a market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.

Contacts

Transparency Market Research
Mr. Nachiket Ghumare, +1-518-618-1030
USA-Canada Toll Free: 866-552-3453
sales@transparencymarketresearch.com
http://www.transparencymarketresearch.com/

Release Summary

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

Contacts

Transparency Market Research
Mr. Nachiket Ghumare, +1-518-618-1030
USA-Canada Toll Free: 866-552-3453
sales@transparencymarketresearch.com
http://www.transparencymarketresearch.com/