Video Telemedicine Market Indicating Strong Growth Signals, Know the Reasons with Insights 2021 | Huawei ...

The use of video telemedicine is growing rapidly in all walks of life, and especially in the health care industry. In fact, video telemedicine is fast becoming the primary method for physicians to communicate to patients and clients, especially when it comes to disease detection or treatment. Although many people may be leery of video telemedicine, the reality is that it has been tested time and again and found to be absolutely safe and efficient. It is used to treat every type of disease; from simple diseases such as colds and the flu to serious illnesses like AIDS and cancer. Many physicians have even adapted video telemedicine to help them find potential treatments or cure a disease that they could not otherwise find through traditional means.

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Some of the major benefits of video telemedicine include the fact that it is available twenty-four hours a day, seven days a week, no matter what part of the country you are in. It eliminates the need for patient billing codes, which are basically codes that help doctors keep track of payments for patients. Video telemedicine allows patients and doctors to communicate immediately, which eliminates the need for the traditional scheduling methods of receiving call cards or making appointments with multiple different doctors. Patients can also access their own medical records through video telemedicine, which eliminates the need for a doctor’s office or clinic to handle this sensitive information.

Global Video Telemedicine Market: Drivers

Emergence of Covid-19 is expected to propel growth of the global video telemedicine market over the forecast period. For instance, globally, as of 8:48pm CEST, 6 October 2021, there have been 235,673,032 confirmed cases of COVID-19, including 4,814,651 deaths, reported to WHO. As of 3 October 2021, a total of 6,188,903,420 vaccine doses have been administered.

Moreover, increasing funding in telehealth is also expected to aid in growth of the market. For instance, in September 2021, eVisit, a provider of telehealth platform that includes scheduling, intake, a waiting room, discharge and analytics, raised US$ 45 million in a Series B funding round to boost the platform’s technology and capabilities, and to make new hires.

Global Video Telemedicine Market: Opportunities

Increasing adoption of telemedicine is expected to offer lucrative growth opportunities for players in the global video telemedicine market. For instance, according to the study, ‘The state of telemedicine for persons with Parkinson’s disease’ published in Current Opinion in Neurology in August 2021, the availability of different telemedicine tools for remote consultation, monitoring, and treatment is increasing.

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Moreover, according to a 2016 survey by American Telemedicine Association and WEGO Health, consumers are more interested in using telehealth as a replacement or complement technique for in-person patient care.

Market Trends:

Increasing penetration of internet is expected to aid in growth of the global video telemedicine market. For instance, according to China government-backed Market Intelligence & Consulting Institute and reported by China Internet Watch, internet penetration in China reached 61.2 percent in the first half of 2019, with 854 million internet users at the end of June 2019.

Moreover, increasing adoption of telemedicine is also expected to aid in growth of the market. For instance, in 2017, the U.S. Telemedicine Industry Benchmark Survey conducted by REACH Health, among healthcare professionals in the U.S. reported that telemedicine continues to evolve from specialty service to mainstream service and 94% of participants choose video conferencing feature (integrated audio and video for live patient engagement).

Global Video Telemedicine Market: Competitive Landscape

Major players operating in the global video telemedicine market include, Adobe Systems Incorporated, Avaya Inc., Cisco Systems, Inc., Huawei Technologies Co. Ltd., Microsoft Corporation, Polycom Inc., and,. Vidyo Inc., West Corporation, and ZTE Corporation.

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Global Video Telemedicine Market: Taxonomy

By Deployment

• On-premise video conferencing
• Cloud-based video conferencing
• By Component
• Hardware
• Software

By Application

• Oncology
• Cardiology
• Dermatology
• Gynecology
• Dentistry
• Neurology
• Others (Orthopedics, Pathology)

By Communication Technologies

• 3G
• 4G
• ADSL
• Broadband ISDN
• Satellite Communication

By End User

• Hospitals
• Clinics
• Home Care services

Table of Content

Chapter 1 Industry Overview1.1 Definition1.2 Assumptions1.3 Research Scope1.4 Market Analysis by Regions1.5 Video Telemedicine Market Size Analysis from 2021 to 202811.6 COVID-19 Outbreak: Video Telemedicine Industry Impact

Chapter 2 Global Video Telemedicine Competition by Types, Applications, and Top Regions and Countries2.1 Global Video Telemedicine (Volume and Value) by Type2.3 Global Video Telemedicine (Volume and Value) by Regions

Chapter 3 Production Market Analysis3.1 Global Production Market Analysis3.2 Regional Production Market Analysis

Chapter 4 Global Video Telemedicine Sales, Consumption, Export, Import by Regions (2016-2021)Chapter 5 North America Video Telemedicine Market AnalysisChapter 6 East Asia Video Telemedicine Market AnalysisChapter 7 Europe Video Telemedicine Market AnalysisChapter 8 South Asia Video Telemedicine Market AnalysisChapter 9 Southeast Asia Video Telemedicine Market AnalysisChapter 10 Middle East Video Telemedicine Market AnalysisChapter 11 Africa Video Telemedicine Market AnalysisChapter 12 Oceania Video Telemedicine Market AnalysisChapter 13 South America Video Telemedicine Market AnalysisChapter 14 Company Profiles and Key Figures in Video Telemedicine BusinessChapter 15 Global Video Telemedicine Market Forecast (2021-2027)Chapter 16 ConclusionsResearch Methodology