Market Research Reports- Consulting Analysis Crystal Market Research Video Telemedicine Market | Page 2

not capable to travel due to their severe medical condition. Similarly, seeking second opinion from a
distant expert in such medical conditions has also become easily possible using these advanced video
telemedicine systems. From a patient care perspective, these systems are being increasingly used in
domains such as dermatology, wound care, cardiology, neurology, diabetic training, drug screening and
psychiatry. Increasing adoption of video telemedicine is being witnessed lately due to the rising
awareness among women about the health risks and their desire for privacy enabled doctor consultations.
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Some of the key factors driving the video telemedicine market growth are raising demand for accessible
healthcare by people residing in remote areas, technological advancements in telecommunication and
medical devices, increasing need to reduce the overall expense on healthcare by the patients. With
significant rise in prevalence of geriatric population worldwide, video telemedicine systems will witness
favorable demand in coming years. Moreover, increase in prevalence of long term chronic diseases such
as stroke, Parkinson’s disease and Alzheimer’s is also expected to fuel the further growth of video
telemedicine market.
Asymmetric digital subscriber line (ADSL) technology segment accounted for the major share of the
overall video telemedicine market in 2016 whereas 4G technology segment is projected to grow at the
fastest rate throughout the forecast period. The rising popularity and demand for 4G technology in order
to access high-speed internet connectivity is expected to boost the growth of this segment over the
forecast period. On the basis of applications, gynecology segment held a significant share of the video
telemedicine market in 2016 due to increased preference for video telemedicine and rising awareness
related to health risks among women. However, neurology segment is projected to grow to grow with the
fastest CAGR between 2017 and 2025.
The major players operating in the global video telemedicine market emphasize on product development
and innovation to enable efficient online patient–doctor interaction and thus secure a larger share of the
overall market. Some of the key players in the global video telemedicine market are, ZTE Corporation,
VSee, Vidyo, Inc., Vermont Telephone Company, Inc., Lifesize, Inc., GlobalMedia Group, LLC.
(GlobalMed), Polycom, Inc., Logitech International S.A., Huawei Technologies Co., Ltd., Sony
Electronics Inc., Cisco Systems, Inc. and AMD Global Telemedicine, Inc.
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