Video Telemedicine Market is Expected to Surpass US,624.4 mn by 2020

Posted by vakhas on December 19th, 2017

Valuation of Global Video Telemedicine Market to Reach US,624.4 mn by 2020, Driven by 4G Reaching More Consumers

The rapid penetration of broadband internet will impel the growth of the video telemedicine market, finds a latest report by Transparency Market Research. The report, titled, “Video Telemedicine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, says that by 2020, the market’s valuation will touch US,624.4 mn, up from US9.0 million as of 2013. The global video telemedicine market is expected to register a CAGR of 16.5% between 2014 and 2020, the report further states. A detailed segmentation of the market helps build a solid foundation for the study. To this end, the global video telemedicine market has been segmented on the basis of application, communication technology, and geographical distribution.

The Video Telemedicine Market is segmented on the basis of expression system, , application, and region.

By application, the global video telemedicine market is segmented into dermatology, cardiology, gynecology, psychiatry and neurology, oncology, orthopedics, dentistry, radiology, and orthopedics. While video telemedicine was most widely used for gynecology-related consultation in 2013, the use of neurology and psychiatry segment will see patients and doctors heavily relying on video telemedicine in the coming years. As a result, the neurology and psychiatry segment will exhibit a remarkable 17.0% CAGR from 2014 to 2020.

North America saw the highest use of video telemedicine and will continue to remain the key market over the near future. Projected to expand at a CAGR of 15% through the report’s forecast period, companies will continue to invest considerably in the North America video telemedicine market.

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Summary of Table of Content :

1 Preface

2 Executive Summary

3 Market Overview

4 Global Video Telemedicine Market, by Communication Technology

5 Global Video Telemedicine Market, by Applications

6 Global Video Telemedicine Market, by Geography

7 Recommendations 8 Company Profiles

About TMR
 
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
 
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