Video Telemedicine Market Introduction and Overview
According to SPER Market Research, the Global Video Telemedicine Market is estimated to reach USD 8.71 billion by 2033 with a CAGR of 16.14%.
The report includes an in-depth analysis of the Global Video Telemedicine Market, including market size and trends, product mix, distribution channels, and supplier analysis. Video telemedicine, also known as telehealth or telemedicine, is a modern healthcare technique that uses video conferencing technology to offer remote medical consultations and patient care. It enables patients to communicate with healthcare providers in real time from the comfort of their own homes or any location with internet access. Patients can share their health concerns, obtain diagnoses, seek medical advice, and even have remote examinations via safe and private video calls. Video telemedicine has various advantages, including enhanced access to healthcare, particularly for people living in remote locations.
- Demand for Convenient Healthcare is Growing: Patients are looking for more accessible and convenient healthcare solutions. In particular for follow-up sessions and routine check-ups, video telemedicine provides the ease of virtual consultations, eliminating the need for physical travel to healthcare facilities.
- Cost Savings for Patients and Healthcare Providers: Video telemedicine lowers overall healthcare expenditures for patients by reducing transportation costs and eliminating the need for physical infrastructure. Virtual consultations can also help healthcare providers save money on operating expenditures.
Market Opportunities and Challenges
As it develops and expands, the video telemedicine market brings huge opportunities as well as challenges. Video telemedicine provides worldwide reach and access to healthcare by offering high-quality medical care to remote and neglected places. It is inexpensive, saving both patients and healthcare providers money on travel and operational expenses. It also aids in the management of chronic diseases through remote monitoring and virtual consultations. The proliferation of telehealth startups and innovations has created new opportunities for specialized telemedicine services and applications.
However, challenges including as technological and infrastructure barriers, data security and privacy issues, the digital divide, and legislative complications must be solved. Ensuring dependable remote examination technologies and addressing reimbursement and insurance coverage difficulties are also critical for the video telemedicine market's long-term success. Overcoming these hurdles and capitalizing on possibilities will be critical in revolutionizing healthcare delivery and improving patient outcomes globally.
Market Competitive Landscape
The video telemedicine market is becoming more competitive as demand for remote healthcare services has increased. Many organizations and players are fighting for a piece of this brisk industry. Established healthcare organizations and telemedicine platforms have added video consultations to their offerings, using their existing patient populations and brand familiarity. Some of the key players in the global Video Telemedicine market include AMD Global Telemedicine, Inc., Logitech, Cisco Systems, Inc., Huawei Technologies Co., Ltd., Sony Corporation, Plantronics, Inc.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Communication Technology, By Application, By Component, By End User
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| Regions covered | Middle East and Africa, Asia-Pacific, Latin America, Europe, North America
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| Companies Covered | AMD Global Telemedicine, Inc., Logitech, Cisco Systems, Inc., Huawei Technologies Co., Ltd., Sony Corporation, Plantronics, Inc., GlobalMed, Vidyo, Inc., Lifesize, Inc., VSee, ZTE Corporation, Vermont Telephone Company, Inc., West Corporation, Avaya Inc., Plantronics, Inc., Premiere Global Services, Inc, Allscripts, Aerotel Medical Systems (1998) Ltd, Lifesize, Inc, Redox, Inc
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COVID-19 Impact on Global Video Telemedicine Market
The pandemic has accelerated the use of video telemedicine in a variety of medical specialities, including primary care, mental health, and chronic illness management. To meet the increased demand, healthcare providers quickly created or expanded telemedicine platforms, allowing patients to obtain medical advice, prescriptions, and follow-up care remotely. Furthermore, video telemedicine increased communication and collaboration among healthcare professionals during the crisis, allowing them to share crucial information and best practices.
Key Target Audience
- Healthcare Providers
- Patients
- Healthcare Facilities and Institutions
- Telehealth Startups and Technology Companies
- Academic and Research Institutions
- Medical Associations and Healthcare Organizations
Our in-depth analysis of the Video Telemedicine Market includes the following segments:
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By Communication Technology:
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3G
4G
5G
Asymmetric Digital Subscriber Line (ADCL)
Broadband Integrated Services Digital Network (ISDN)
Satellite Communication
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By Application:
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Oncology
Cardiology
Dermatology
Gynecology
Orthopedics
Neurology
Others
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By Component:
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Hardware
Software
Services
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By End User:
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Clinics
Home Care Services
Hospitals
Others
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Key Topics Covered in the Report
- Global Video Telemedicine Market Size (FY’2023-FY’2033)
- Outline of Global Video Telemedicine Market
- Segmentation of Global Video Telemedicine Market By Communication Technology (3G, 4G, 5G, Satellite Communication, ADSL, Broadband ISDN)
- Segmentation of Global Video Telemedicine Market By Application (Cardiology, Dermatology, Neurology & Psychiatry, Orthopedics, Oncology, Radiology, Pathology, Gynecology, Others)
- Segmentation of Global Video Telemedicine Market By Component (Hardware, Software, Services)
- Segmentation of Global Video Telemedicine Market By End User (Hospitals, Clinics, Home Care Services, Others)
- Statistical Snap of Global Video Telemedicine Market
- Expansion Analysis of Global Video Telemedicine Market
- Problems and Obstacles in Global Video Telemedicine Market
- Competitive Landscape in the Global Video Telemedicine Market
- Impact of COVID-19 and Demonetization on Global Video Telemedicine Market
- Details on Current Investment in Global Video Telemedicine Market
- Competitive Analysis of Global Video Telemedicine Market
- Prominent Players in the Global Video Telemedicine Market
- SWOT Analysis of Global Video Telemedicine Market
- Global Video Telemedicine Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Video Telemedicine Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Video Telemedicine Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Video Telemedicine Market
7. Global Video Telemedicine Market, By Communication Technology (USD Million)
7.1. Global Video Telemedicine Market Value Share and Forecast, By Communication Technology, 2023-2033
7.2. 3G
7.3. 4G
7.4. 5G
7.5. Asymmetric Digital Subscriber Line (ADCL)
7.6. Broadband Integrated Services Digital Network (ISDN)
7.7. Satellite Communication
8. Global Video Telemedicine Market, By Application (USD Million)
8.1. Global Video Telemedicine Market Value Share and Forecast, By Application, 2023-2033
8.2. Oncology
8.3. Cardiology
8.4. Dermatology
8.5. Gynecology
8.6. Orthopedics
8.7. Neurology
8.8. Others
9. Global Video Telemedicine Market, By Component (USD Million)
9.1. Global Video Telemedicine Market Value Share and Forecast, By Component, 2023-2033
9.2. Hardware
9.3. Software
9.4. Services
10. Global Video Telemedicine Market, By End User (USD Million)
10.1. Global Video Telemedicine Market Value Share and Forecast, By End User, 2023-2033
10.2. Clinics
10.3. Home Care Services
10.4. Hospitals
10.5. Others
11. Global Video Telemedicine Market Forecast, 2019-2033 (USD Million)
11.1. Global Video Telemedicine Market Size and Market Share
12. Global Video Telemedicine Market, By Communication Technology, 2019-2033 (USD Million)
12.1. Global Video Telemedicine Market Size and Market Share By Communication Technology(2019-2026)
12.2. Global Video Telemedicine Market Size and Market Share By Communication Technology(2027-2033)
13. Global Video Telemedicine Market, By Application, 2019-2033 (USD Million)
13.1. Global Video Telemedicine Market Size and Market Share By Application (2019-2026)
13.2. Global Video Telemedicine Market Size and Market Share By Application (2027-2033)
14. Global Video Telemedicine Market, By Component, 2019-2033 (USD Million)
14.1. Global Video Telemedicine Market Size and Market Share By Component (2019-2026)
14.2. Global Video Telemedicine Market Size and Market Share By Component (2027-2033)
15. Global Video Telemedicine Market, By End User, 2019-2033 (USD Million)
15.1. Global Video Telemedicine Market Size and Market Share By End User (2019-2026)
15.2. Global Video Telemedicine Market Size and Market Share By End User (2027-2033)
16. Global Video Telemedicine Market, By Region, 2019-2033 (USD Million)
16.1. Global Video Telemedicine Market Size and Market Share By Region (2019-2026)
16.2. Global Video Telemedicine Market Size and Market Share By Region (2027-2033)
16.3. Asia-Pacific
16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada
16.6.2. Mexico
16.6.3. United States
16.7. Latin America
16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America
17. Company Profile
17.1. AMD Global Telemedicine, Inc.
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Logitech
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Cisco Systems, Inc
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Huawei Technologies Co.Ltd.
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Sony Corporation
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Plantronics, Inc.
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. GlobalMed
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Vidyo Inc.
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Lifesize Inc.
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Vsee
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. ZTE Corporation
17.11.1. Company details
17.11.2. Financial outlook
17.11.3. Product summary
17.11.4. Recent developments
17.12. Vermont Telephone Company Inc.
17.12.1. Company details
17.12.2. Financial outlook
17.12.3. Product summary
17.12.4. Recent developments
17.13. West Corporation
17.13.1. Company details
17.13.2. Financial outlook
17.13.3. Product summary
17.13.4. Recent developments
17.14. Avaya Inc.
17.14.1. Company details
17.14.2. Financial outlook
17.14.3. Product summary
17.14.4. Recent developments
17.15. Plantronics Inc.
17.15.1. Company details
17.15.2. Financial outlook
17.15.3. Product summary
17.15.4. Recent developments
17.16. Premiere Global Services Inc.
17.16.1. Company details
17.16.2. Financial outlook
17.16.3. Product summary
17.16.4. Recent developments
17.17. Allscripts
17.17.1. Company details
17.17.2. Financial outlook
17.17.3. Product summary
17.17.4. Recent developments
17.18. Aerotel Medical Systems
17.18.1. Company details
17.18.2. Financial outlook
17.18.3. Product summary
17.18.4. Recent developments
17.19. Lifesize Inc.
17.19.1. Company details
17.19.2. Financial outlook
17.19.3. Product summary
17.19.4. Recent developments
17.20. Redox Inc.
17.20.1. Company details
17.20.2. Financial outlook
17.20.3. Product summary
17.20.4. Recent developments
17.21. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope