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Video Telemedicine Market (Communication Technologies: 3G, 4G, ADSL, B-ISDN, and Satellite Communication; Applications: Cardiology, Dermatology, Neurology, Orthopedics, Oncology, Pathology, Radiology, Gynecology, & Dentistry) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

125pages
Published Date: 2014-12-19
 

Description


Telemedicine is the evolved format of traditional medicine that provides medical care to individuals worldwide with the benefits of cost efficiency and convenience of location. With the advent of communication technology to the medical sciences, telemedicine gives the patient newer possibilities to obtain a healthier lifestyle which thereby increases their healthcare coverage and patient satisfaction. Patients are no longer subjected to travel or waiting periods and could seek medical attention in the comfort of their homes. This greatly changed the perception of medical practice which has created a revolution in the U.S with the Federal Healthcare now supporting online medical prescriptions across the country for patients with an existing condition.  
 
This research report provides a detailed analysis of the global video telemedicine market and helps in understanding the various driving factors for the growth of the market. The market overview section analyzes market dynamics and trends such as drivers, restraints and opportunities that influence the current nature and future status of the market. Event impact analysis and other market factors such as market attractiveness analysis, Porter’s five forces analysis and heat map analysis have also been explained in the market overview section of the report in order to deliver a thorough analysis of the overall competitive scenario of the global video telemedicine market. The executive summary provides detailed insights about the report and the market in general. It also contains a market snapshot, which provides a glimpse into the present scenario of the global telemedicine market.

The global video telemedicine market has been segmented based on communication technologies, applications and geography. By communication technologies, the market has been further segmented into 3G (GSM, CDMA, Others), 4G (LTE, WiMax, Others), IP Mutimedia core network Subsystem (IMS), Satellite Communications, Asymmetric Digital Subscriber Line (ADSL), Broadband ISDN (Integrated Services Digital Network), Asynchronous Transfer Mode (ATM). We have provided market size estimates and forecasts for the period from 2012 to 2020 for each of the communication technology segment mentioned above in terms of USD million, considering 2013 as the base year for calculating market forecast and 2012 as the historical year. The CAGR (%) of each market segment for the forecast period from 2014 to 2020 has also been provided along with market size estimations.

Based on applications, the market has been segmented into dermatology, cardiology, gynecology, neurology, orthopedics, oncology, pathology, radiology and dentistry. Market size estimates and forecasts for the period from 2012 to 2020 have been provided for each of the segments mentioned above in terms of USD million, considering 2013 as the base year for calculating market forecast and 2012 as the historical year. The CAGR (%) of each market segment for the forecast period from 2014 to 2020 has also been provided along with market size estimations.

Geographically, the global video telemedicine market has been segmented into four major regions: North America, Europe, Asia Pacific and Rest of World (RoW), with Russia being included in RoW. Every region is further segregated into device manufacturers, system integrators and network solution providers. The market size estimations and forecasts for the period from 2012 to 2020 have been provided for each of these regions at a segment level, in terms of USD million along with the CAGR for the forecast period from 2014 to 2020. This study further offers market recommendations for the global video telemedicine market. These include factors that could play a critical role in enhancing or boosting the market in the near future, as well as steps manufacturers or service providers need to consider to ensure success.

The report concludes with the company profiles section and includes key information about the major players that are active in the market. The company profiles include company overview, financial overview, business strategies, recent developments and product portfolio. Company profiles have been segregated into device manufacturers, system integrators and network solution providers. Device manufacturers include Logitech International S.A., Sony Corporation, Siemens AG, and AMD Global Telemedicine. System integrators include GlobalMed, Inc.; Polycom, Inc.; VSee, Lab Inc.; LifeSize Communications, Inc.; Vidyo, Inc.; VTel, Inc. and Premiere Global Services, Inc. Network solution providers include Cisco Systems, Inc., Huawei Technologies Co. Ltd, and ZTE Corporation.

The global video telemedicine market is segmented as follows:
  • Global Video Telemedicine Market, by Communication Technology
    • 3G (GSM, CDMA, Others)
    • 4G (LTE, WiMax, Others)
    • Satellite Communication
    • ADSL (Asymmetric digital subscriber line)
    • Broadband ISDN (Integrated Services Digital Network)
  • Global Video Telemedicine Market, by Application
    • Cardiology
    • Dermatology
    • Neurology & Psychiatry
    • Orthopedics
    • Oncology
    • Radiology
    • Pathology
    • Gynecology
    • Dentistry
  • Global Video Telemedicine Market, by Geography
    • North America
      • Device Manufacturers
      • System Integrators
      • Network Solution Provider
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)

Table of Contents



Chapter 1 Introduction
1.1 Report Description
1.1 Research Methodology
1.2 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Telemedicine Market
2.2 Global Telemedicine Market, by Specialty, 2013 (USD Million)
2.3 Global Telemedicine Market, by Service Type, 2013 (USD Million)
2.4 Comparative Analysis: Global Telemedicine Market, by Geography, 2013 & 2020 (Value %)

Chapter 3 Market Overview
3.1 Introduction
3.2 Market Dynamics
      3.2.1 Market Drivers
              3.2.1.1 Cost & time efficiency seen as the major factor for increased favor among both rural and urban healthcare institutions
              3.2.1.2 Increasing demand for personal healthcare and privacy key in promoting usage of telemedicine
              3.2.1.3 Growth of techno savvy individuals shifts public preference from traditional medicine to telemedicine
              3.2.1.4 Increased government spending and reimbursement policies to boost telemedicine preference.
      3.2.2 Market Restraints
              3.2.2.1 Dearth of dedicated medical staff exclusive for telemedicine
              3.2.2.2 Delayed response time exhibited by some forms of telemedicine hampering overall industry image
              3.2.2.3 Inadequate/Incomplete assessment being reported by some patients and medical practitioners
      3.2.3 Market Opportunities
              3.2.3.1 Proliferation of mobile telecommunication technology to boost coverage of patient pool in rural markets worldwide
              3.2.3.2 Advanced imaging and telemedicine technology to boost patient assessment and thereby the global market
3.3 Porters Five Forces Analysis: Global Telemedicine Market
      3.3.1 Bargaining Power of Suppliers
      3.3.2 Bargaining Power of Buyers
      3.3.3 Threat of New Entrants
      3.3.4 Threat of Substitutes
      3.3.5 Competitive Rivalry
3.4 Market Attractiveness Analysis of the Global Telemedicine Market, by Geography
3.5 Heat Map Analysis for Telemedicine Market, by Key Market Players and Regional presence
      3.5.1 Heat Map Analysis for Global Telemedicine Market, by Key Market Players and Regional Presence

Chapter 4 Global Telemedicine Market, by Specialty
4.1 Introduction
      4.1.1 Global Telemedicine Market Revenue, by Specialty, 2012-2020 (USD Million)
4.2 Cardiology
      4.2.1 Global Telemedicine Market Revenue in Cardiology, 2012-2020 (USD Million)
4.3 Dermatology
      4.3.1 Global Telemedicine Market Revenue in Dermatology, 2012-2020 (USD Million)
4.4 Neurology
      4.4.1 Global Telemedicine Market Revenue in Neurology, 2012-2020 (USD Million)
4.5 Gynecology
      4.5.1 Global Telemedicine Market Revenue in Gynecology, 2012-2020 (USD Million)
4.6 Orthopedics
      4.6.1 Global Telemedicine Market Revenue in Orthopedics, 2012-2020 (USD Million)
4.7 Emergency care
      4.7.1 Global Telemedicine Market Revenue in Emergency Care, 2012-2020 (USD Million)
4.8 Internal Medicine
      4.8.1 Global Telemedicine Market Revenue in Internal Medicine, 2012-2020 (USD Million)
4.9 Others
      4.9.1 Global Telemedicine Market Revenue in Others, 2012-2020 (USD Million)

Chapter 5 Global Telemedicine Market, by Service Type
5.1 Overview
      5.1.1 Global Telemedicine Market Revenue, by Service Type, 2012-2020 (USD Million)
5.2 Tele-consultation
      5.2.1 Global Tele-Consultation Market Revenue, 2012-2020 (USD Million)
5.3 Tele-Monitoring
      5.3.1 Global Tele-Monitoring Market Revenue, 2012-2020 (USD Million)
5.4 Tele-Education
      5.4.1 Global Tele-Education Market Revenue, 2012-2020 (USD Million)
5.5 Tele-Training
      5.5.1 Global Tele-Training Market Revenue, 2012-2020 (USD Million)
5.6 Tele-Care
      5.6.1 Global Tele-Care Market Revenue, 2012-2020 (USD Million)
5.7 Tele-Surgery
      5.7.1 Global Tele-Surgery Market Revenue, 2012-2020 (USD Million)

Chapter 6 Global Telemedicine Market, by Geography
6.1 Overview
      6.1.1 Global Telemedicine Market, by Geography, 2012 – 2020 (USD Million)
6.2 North America
      6.2.1 North America Telemedicine Market Revenue, by Specialty, 2012 – 2020 (USD Million)
      6.2.2 North America Telemedicine Market Revenue, by Service Type, 2012 – 2020 (USD Million)
      6.2.3 North America Telemedicine Market Revenue, 2012 - 2020 (USD Million)
6.3 Europe
      6.3.1 Europe Telemedicine Market Revenue, by Specialty, 2012 – 2020 (USD Million)
      6.3.2 Europe Telemedicine Market Revenue, by Service Type, 2012 – 2020 (USD Million)
      6.3.3 Europe Telemedicine Market Revenue, 2012 - 2020 (USD Million)
6.4 Asia Pacific
      6.4.1 Asia Pacific Telemedicine Market Revenue, by Specialty, 2012 – 2020 (USD Million)
      6.4.2 Asia Pacific Telemedicine Market Revenue, by Service Type, 2012 – 2020 (USD Million)
      6.4.3 Asia Pacific Telemedicine Market Revenue, 2012 - 2020 (USD Million)
6.5 Rest of the World
      6.5.1 RoW Telemedicine Market Revenue, by Specialty, 2012 – 2020 (USD Million)
      6.5.2 RoW Telemedicine Market Revenue, by Service Type, 2012 – 2020 (USD Million)
      6.5.3 RoW Telemedicine Market Revenue, 2012 - 2020 (USD Million)

Chapter 7 Recommendations
7.1 Success Strategies (Key Focus Areas)

Chapter 8 Company Profiles
8.1 Aerotel Medical Systems Ltd.
      8.1.1 Company Overview
      8.1.2 Financial Overview
      8.1.3 Product Portfolio
      8.1.4 Business Strategies
      8.1.5 Recent Developments
8.2 Allscripts Healthcare Solutions, Inc.
      8.2.1 Company Overview
      8.2.2 Financial Overview
      8.2.3 Product and Service Portfolio
      8.2.4 Business Strategies
      8.2.5 Recent Developments
8.3 AMD Global Telemedicine, Inc.
      8.3.1 Company Profile
      8.3.2 Financial Overview
      8.3.3 Product Portfolio
      8.3.4 Business Strategies
      8.3.5 Recent Developments
8.4 CARDIOCOM, LLC
      8.4.1 Company Overview
      8.4.2 Financial Overview
      8.4.3 Product Portfolio and Services
      8.4.4 Business Strategies
      8.4.5 Recent Developments
8.5 Cisco Systems, Inc.
      8.5.1 Company Overview
      8.5.2 Financial Overview
      8.5.3 Product and Service Portfolio
      8.5.4 Business Strategies
      8.5.5 Recent Developments
8.6 F. Hoffmann-La Roche Ltd.
      8.6.1 Company Overview
      8.6.2 Financial Overview
      8.6.3 Product Portfolio
      8.6.4 Business Strategies
      8.6.5 Recent Developments
8.7 Honeywell HomMed LLC
      8.7.1 Company Overview
      8.7.2 Financial Overview
      8.7.3 Product and Service Portfolio
      8.7.4 Business Strategies
      8.7.5 Recent Developments
8.8 InTouch Technologies, Inc.
      8.8.1 Company Overview
      8.8.2 Financial Overview
      8.8.3 Product and Service Portfolio
      8.8.4 Business Strategies
      8.8.5 Recent Developments
8.9 LifeWatch AG
      8.9.1 Company Overview
      8.9.2 Financial Overview
      8.9.3 Product Portfolio
      8.9.4 Business Strategies
      8.9.5 Recent Developments
8.10 McKesson Corporation
      8.10.1 Company Overview
      8.10.2 Financial Overview
      8.10.3 Product and Service Portfolio
      8.10.4 Business Strategies
      8.10.5 Recent Developments
8.11 OBS Medical Ltd.
      8.11.1 Company Overview
      8.11.2 Financial Overview
      8.11.3 Product Portfolio
      8.11.4 Business Strategies
      8.11.5 Recent Developments
8.12 Philips Healthcare
      8.12.1 Company Overview
      8.12.2 Financial Overview
      8.12.3 Product and Service Portfolio
      8.12.4 Business Strategies
      8.12.5 Recent Developments
8.13 Polycom, Inc.
      8.13.1 Company Overview
      8.13.2 Financial Overview
      8.13.3 Product Portfolio
      8.13.4 Business Strategies

List of Figures

FIG. 1 Global Telemedicine Market Segmentation
FIG. 2 Global Telemedicine Market, by Specialty, 2013 (USD Million)
FIG. 3 Global Telemedicine Market, by Service Type, 2013 (USD Million)
FIG. 4 Comparative Analysis: Global Telemedicine Market, by Geography, 2013 & 2020 (Value %)
FIG. 5 Global Telemedicine Market: Drivers and Restraints
FIG. 6 Porter’s Five Forces Analysis: Global  Telemedicine  Market
FIG. 7 Market Attractiveness Analysis: Global Telemedicine Market, by Geography
FIG. 8 Global Telemedicine Market, by Key Market Players and Regional Presence
FIG. 9 Global Telemedicine Market Revenue in Cardiology, 2012 – 2020 (USD Million)
FIG. 10 Global Telemedicine Market Revenue in Dermatology, 2012 – 2020 (USD Million)
FIG. 11 Global Telemedicine Market Revenue in Neurology, 2012 – 2020 (USD Million)
FIG. 12 Global Telemedicine Market Revenue in Gynecology, 2012 – 2020 (USD Million)
FIG. 13 Global Telemedicine Market Revenue in Orthopedics, 2012 – 2020 (USD Million)
FIG. 14 Global Telemedicine Market Revenue in Emergency Care, 2012 – 2020 (USD Million)
FIG. 15 Global Telemedicine Market Revenue in Internal Medicine, 2012 – 2020 (USD Million)
FIG. 16 Global Telemedicine Market Revenue in Others, 2012 – 2020 (USD Million)
FIG. 17 Global Tele-Surgery Market Revenue, 2012 – 2020 (USD Million)
FIG. 18 Global Tele-Monitoring Market Revenue, 2012 – 2020 (USD Million)
FIG. 19 Global Tele-Education Market Revenue, 2012 – 2020 (USD Million)
FIG. 20 Global Tele-Training Market Revenue, 2012 – 2020 (USD Million)
FIG. 21 Global Tele-Care Market Revenue, 2012 – 2020 (USD Million)
FIG. 22 Global Tele-Surgery Market Revenue, 2012 – 2020 (USD Million)
FIG. 23 North America Telemedicine Market Revenue, 2012 - 2020 (USD Million)
FIG. 24 Europe Telemedicine Market Revenue, 2012 - 2020 (USD Million)
FIG. 25 Asia Pacific  Telemedicine Market Revenue, 2012 - 2020 (USD Million)
FIG. 26 RoW Telemedicine Market Revenue, 2012 - 2020 (USD Million)
FIG. 27 Allscripts Healthcare Solutions, Inc.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 28 Cisco Systems, Inc.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 29 F. Hoffmann-La Roche Ltd.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 30 Honeywell HomMed LLC: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 31 LifeWatch AG:  Annual Revenue, 2011 – 2013 (USD Million)
FIG. 32 McKesson Corporation: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 33 Philips Healthcare: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 34 Polycom, Inc.: Annual Revenue, 2011 – 2013 (USD Million)

List of Tables

TABLE 1 Market Snapshot: Global Telemedicine Market
TABLE 2 Global Telemedicine Market Revenue, by Specialty, 2012-2020 (USD Million)
TABLE 3 Global Telemedicine Market Revenue, by Service Type, 2012-2020 (USD Million)
TABLE 4 Global Telemedicine Market Revenue, by Geography, 2012 – 2020 (USD Million)
TABLE 5 North America Telemedicine Market Revenue, by Specialty, 2012–2020 (USD Million)
TABLE 6 North America Telemedicine Market Revenue, by Service Type, 2012–2020 (USD Million)
TABLE 7 Europe Telemedicine Market Revenue, by Specialty, 2012–2020 (USD Million)
TABLE 8 Europe Telemedicine Market Revenue, by Service Type, 2012–2020 (USD Million)
TABLE 9 Asia Pacific Telemedicine Market Revenue, by Specialty, 2012–2020 (USD Million)
TABLE 10 Asia Pacific Telemedicine Market Revenue, by Service Type, 2012–2020 (USD Million)
TABLE 11 RoW Telemedicine Market Revenue, by Specialty, 2012–2020 (USD Million)
TABLE 12 RoW Telemedicine Market Revenue, by Service Type, 2012–2020 (USD Million)

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Free Market Analysis



Video communication has been the topic of fascination since the era of the cold war between the United States and the Soviet Russia. Earlier even a small glimpse of human form was considered an achievement. Today, modern technology has advanced to such an extent that even HD video is considered as primitive. This has been possible with the implementation of broadband networks all across the United States and other western countries that have enabled the west to rely on an infrastructure as a fundamental layer for the advancement of video conferencing solutions. The progress in video conferencing technology can be attributed to the three facets that support the industry, namely: device manufacturers, network solution providers and system integrators. The cumulative progress of these industry segments have lead to the overall growth of the video conferencing market, and thereby the video telemedicine applications. Telemedicine during the 1980’s relied heavily on the audio conferencing technology; video conferencing was implemented but with little success as the quality of the video transferred was not great on a dial up connection network. With the integration of fiber optic broadband system and high quality video sensors and webcams, video telemedicine has been touted by many as a revolution in modern medicine enabling face to face visit. Video telemedicine is therefore expected to replace traditional medicine in most aspects, in the near future. With technology advancing at a high pace, this possibility shall soon be a reality.    

The video telemedicine market is primarily categorized into communication technology and applications. The application segment includes cardiology, neurology, dermatology, orthopedics, oncology, radiology, gynecology, pathology, and dentistry. Gynecology is the segment leader in terms of market revenue among the application areas of video telemedicine. Increasing awareness among women regarding female health risks and rising favor of privacy enabled doctor consultations have lead to the growth of video consultations in gynecology segment. However, neurology segment is witnessing the fastest growth owing to rising number of psychiatric consultation cases. Besides, a range of neurological disorders and conditions such as stroke, Alzheimer’s and Parkinson’s have ensured long term chronic care patient returns that result in increased video consultations. Dentistry, dermatology, oncology and radiology segments however will undergo reserved growth during the forecast period. The application areas such as pathology and cardiology are expected to demonstrate growth potential in the future beyond the forecast period although their present growth rate is not significant. This may be attributed to the increasing prevalence of cardiology diseases and rising concerns regarding contagious infections.

Among the various communication technologies used in video telemedicine, ADSL (Asymmetric Digital Subscriber Line) leads the present video telemedicine market in 2013. On the other hand, 4G (LTE, Wimax, Others) is expected to exhibit the highest growth rate for the forecast period. This can be attributed to the widely present fixed line communication networks such as ADSL and ISDN that are available globally. 4G technologies on the other hand are presently restricted to the western countries where it observes great support and growth and is yet to gain interest in the emerging markets of the Asia Pacific region. 3G technologies come close to being the second most growing technology in video telemedicine. Satellite communication and broadband ISDN (Integrated Services Digital Network) are communication technologies that have an attractive growth potential; however they consist of a smaller fraction of the overall global video telemedicine market.

Geographically, North America was the largest video telemedicine market in terms of revenue for the year 2013 followed by the Europe. The fastest growth is also attributed to North America due to the highly developed and penetrated video telemedicine market in the U.S. Telemedicine itself has roots within the United States and shall continue to directly encourage growth within the video telemedicine solution with the advancement of technology and the rising cost of healthcare in the country. The Asia Pacific region exhibits second fastest growth rate during the forecast period. Rapidly growing population and increasing government initiatives in emerging countries such as China and India are some of the primary reasons why this region boasts of a high growth rate. In addition, the existence of a large number of device manufacturing companies making cheaper equipment and increasing penetration of network providers will ensure steady market penetration and growth for the future.  

The video telemedicine market is observed to comprise mainly of device manufacturers, system integrators and network solution providers. Few players present themselves as the largest players in the global video telemedicine market. Among device manufacturers, the largest players are: Logitech International S.A and AMD global Telemedicine. Among network service providers Cisco Sytems Inc. was the largest player and among system integrators Polycom Inc. was the largest player. Overall, in the global video telemedicine market, Cisco Systems, Inc. have the largest global presence, offering a wide range of video telemedicine solutions and services worldwide. Their market presence in emerging markets and expertise in providing software solutions paved the way to their stronghold in the industry. Other companies include Siemens Healthcare, Sony Corporation, GlobalMed Inc., VSee lab Inc., Vidyo Inc., Vermont Tel, LifeSize Communication Inc., Permier Global Services Inc., Huawei Technologies Co Ltd and ZTE Corporation.

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