Market Research Reports

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



A survey conducted by the United Nations revealed that about 46% of the global population resides in rural areas, with little or no access to appropriate healthcare facilities. The advent of video telemedicine and deployment of superior communication technologies will enable the rural population to obtain timely and affordable healthcare assistance. Video telemedicine capitalizes on wireless technologies and high-quality video capturing devices to facilitate remote connectivity to offer timely healthcare assistance to the rural population.

The research report is compiled to provide a comprehensive blueprint of the global video telemedicine market. The elementary components shaping the development of the market are analyzed in the report to define the determinants of market growth and examine the potential market restraints. The report evaluates the market in terms of distinct product segments, consumer groups, end-use industries, critical applications, distribution network, and key geographic regions.

For a more comprehensive overview, the report segments the video telemedicine market in terms of communication technology, applications, and geography. Based on communication technology, the market is divided into satellite communication, 3G, 4G, Broadband ISDN, and ADSL. With regard to application, the market is classified into dermatology, oncology, dentistry, cardiology, orthopedics, pathology, radiology, gynecology, and neurology & psychiatry.     

Overview of the global video telemedicine market

The global video telemedicine market is projected to expand from its market value of US$559.0 million in 2013 to an estimated total of US$1,624.4 million by the end of 2020. Based on the projections, the market is likely to develop at a remarkable 16.5% CAGR between 2014 and 2020.

As early as the 1980s, telemedicine largely relied on the progress exhibited by the video conferencing technology. However, with the integration of webcams, high-quality video sensors, and fiber optic broadband systems, the video telemedicine market has revolutionized modern medicine by enabling face-to-face communication between healthcare service providers and patients.
 
Impelled by factors such as rapidly increasing geriatric and disabled populations, favorable government initiatives encouraging the use of the latest technology in medicine, enhanced cost and time efficiency offered by the technology to the healthcare sector, and proliferation of new communication technologies, the market for video telemedicine is expected to demonstrate robust growth during the forecast period.

However, resistance in rural areas to accept new technologies, inadequate network infrastructure at present, and lack of skilled staff will emerge as the major bottlenecks for the market. Nonetheless, the untapped markets in emerging economies will present significant market opportunities for the market players in the healthcare sector.

Companies mentioned in the research report

The video telemedicine market primarily comprises system integrators, manufacturers, and network solution providers. Among the device manufacturers, key players in the market are AMD global Telemedicine and Logitech International S.A. Cisco Systems Inc. leads the market among the network service providers. Polycom Inc. is the most prominent among system integrators. Other key players in the market are Sony Corporation, Siemens Healthcare, Vermont Tel, Permier Global Services Inc., VSee lab Inc., Huawei Technologies Co Ltd, GlobalMed Inc., LifeSize Communication Inc., Vidyo Inc., and ZTE Corporation.

Global Telemedicine Market Segmentation, 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 Telemedicine Market Segmentation, by Application
  • Cardiology
  • Dermatology
  • Neurology & Psychiatry
  • Orthopedics
  • Oncology
  • Radiology
  • Pathology
  • Gynecology
  • Dentistry
Major geographies analyzed under this research report are:
  • Europe
  • North America
  • Asia-Pacific
  • Rest of the World
This report gives you access to decisive data such as:
  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years
Key highlights of this report
  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments

Table of Contents



Chapter 1 Preface
1.1 Report Description
1.2 Research Methodology
1.3 Market Segmentation

Chapter 2 Executive Summary
2.1 Market Snapshot: Global Video Telemedicine Market
2.2 Global Video Telemedicine Market, by Communication Technology, 2013 (USD Million)
2.3 Global Video Telemedicine Market, by Application, 2013 (USD Million)
2.4 Comparative Analysis: Global Video Telemedicine Market, by Geography, 2013 & 2020 (Value %)

Chapter 3 Market Overview
3.1 Introduction
3.2 Market Drivers
      3.2.1 Rapidly aging population and access to disabled population fuels the demand for video telemedicine
      3.2.2 Government reforms encouraging the use of video telemedicine
      3.2.3 Improved cost and time efficiencies favoring the need of health care sector
      3.2.4 Proliferation of communication technologies and devices boosting the growth of the video telemedicine market
3.3 Market Restraints
      3.3.1 Resistance in adopting new technologies restraining market growth
      3.3.2 Dearth of skilled medical staff for operating video telemedicine solutions
      3.3.3 Lack of quality network infrastructure in certain countries restraining the deployment of video telemedicine solutions
3.4 Market Opportunities
      3.4.1 Introducing cost-effective video telemedicine integrated solutions
      3.4.2 Untapped opportunities in the emerging economies
3.5 Event Impact Analysis: Global Video Telemedicine Market
3.6 Value Chain Analysis: Global Video Telemedicine Market
3.7 Porters Five Forces Analysis: Global Video Telemedicine Market
      3.7.1 Bargaining Power of Suppliers
      3.7.2 Bargaining Power of Buyers
      3.7.3 Threat of New Entrants
      3.7.4 Threat of Substitutes
      3.7.5 Competitive Rivalry
3.8 Market Attractiveness Analysis of the Global Video Telemedicine Market, by Geography, 2013
3.9 Competitive Landscape
      3.9.1 Market Share Analysis: Global Video Telemedicine Market, by Key Players, 2013 (Value %)

Chapter 4 Global Video Telemedicine Market, by Communication Technology
4.1 Market Overview
      4.1.1 Global Video Telemedicine Market Revenue, by Technology, 2012 - 2020 (USD Million)
4.2 3G (GSM, CDMA, Others)
      4.2.1 Global 3G Video Telemedicine Market Revenue, 2012 - 2020 (USD Million)
4.3 4G (LTE, WiMax & Others)
      4.3.1 Global 4G Video Telemedicine Market Revenue, 2012 - 2020 (USD Million)
4.4 Satellite Communications
      4.4.1 Global Satellite Communications Video Telemedicine Market Revenue, 2012 - 2020 (USD Million)
4.5 Asymmetric Digital Subscriber Line (ADSL)
      4.5.1 Global ADSL Video Telemedicine Market Revenue, 2012 - 2020 (USD Million)
4.6 Broadband Integrated Services Digital Network (B-ISDN)
      4.6.1 Global Broadband ISDN Video Telemedicine Market Revenue, 2012 - 2020 (USD Million)
4.7 IP Multimedia Systems (IMS) [Qualitative Information]
4.8 Asynchronous Transfer Mode (ATM) [Qualitative Information]

Chapter 5 Global Video Telemedicine Market, by Applications
5.1 Introduction
      5.1.1 Global  Video Telemedicine Market Revenue by Application, 2012 - 2020 (USD Million)
5.2 Cardiology
      5.2.1 Global Video Telemedicine Market Revenue in Cardiology, 2012 - 2020 (USD Million)
5.3 Dermatology
      5.3.1 Global Video Telemedicine Market Revenue in Dermatology, 2012 - 2020 (USD Million)
5.4 Neurology & Psychiatry
      5.4.1 Global Video Telemedicine Market Revenue in Neurology and Psychiatry, 2012 - 2020 (USD Million)
5.5 Gynecology
      5.5.1 Global Video Telemedicine Market Revenue in Gynecology, 2012 - 2020 (USD Million)
5.6 Orthopedics
      5.6.1 Global Video Telemedicine Market Revenue in Orthopedics, 2012 - 2020 (USD Million)
5.7 Oncology
      5.7.1 Global Telemedicine Market Revenue in Oncology, 2012 - 2020 (USD Million)
5.8 Radiology
      5.8.1 Global Telemedicine Market Revenue in Radiology, 2012 - 2020 (USD Million)
5.9 Dentistry
      5.9.1 Global Telemedicine Market Revenue in Dentistry, 2012 - 2020 (USD Million)
5.10 Pathology
      5.10.1 Global Telemedicine Market Revenue in Pathology, 2012 - 2020 (USD Million)

Chapter 6 Global Video Telemedicine Market, by Geography
6.1 Overview
      6.1.1 Global  Video Telemedicine Market Revenue by Geography, 2012 - 2020 (USD Million)
6.2 North America
      6.2.1 North America Video Telemedicine Market Revenue, 2012 – 2020 (USD Million)
      6.2.2 North America Video Telemedicine Market Revenue, by Ecosystem, 2012 – 2020 (USD Million)
              6.2.2.1 Device Manufacturers
              6.2.2.2 System Integrators
              6.2.2.3 Network Solution Providers
6.3 Europe
      6.3.1 Europe Video Telemedicine Market Revenue, 2012 – 2020 (USD Million)
      6.3.2 Europe Video Telemedicine Market Revenue, by Ecosystem, 2012 – 2020 (USD Million)
              6.3.2.1 Device Manufacturers
              6.3.2.2 System Integrators
              6.3.2.3 Network Solution Providers
6.4 Asia Pacific
      6.4.1 Asia Pacific Video Telemedicine Market Revenue, 2012 – 2020 (USD Million)
      6.4.2 Asia Pacific Video Telemedicine Market Revenue, by Ecosystem, 2012 – 2020 (USD Million)
              6.4.2.1 Device Manufacturers
              6.4.2.2 System Integrators
              6.4.2.3 Network Solution Providers
6.5 Rest of the World
      6.5.1 RoW Video Telemedicine Market Revenue, 2012 – 2020 (USD Million)
      6.5.2 RoW Video Telemedicine Market Revenue, by Ecosystem, 2012 – 2020 (USD Million)
              6.5.2.1 Device Manufacturers
              6.5.2.2 System Integrators
              6.5.2.3 Network Solution Providers

Chapter 7 Recommendations
7.1 Success Strategies (Key Focus Areas)

Chapter 8 Company Profiles
8.1 Device Manufacturers
      8.1.1 AMD Global Telemedicine, Inc.
              8.1.1.1 Company Overview
              8.1.1.2 Financial Overview
              8.1.1.3 Product Portfolio
              8.1.1.4 Business Strategies
              8.1.1.5 Recent Developments
      8.1.2 Logitech International S.A.
              8.1.2.1 Company Overview
              8.1.2.2 Financial Overview
              8.1.2.3 Product Portfolio
              8.1.2.4 Business Strategies
              8.1.2.5 Recent Developments
      8.1.3 Siemens Healthcare
              8.1.3.1 Company Overview
              8.1.3.2 Financial Overview
              8.1.3.3 Product Portfolio
              8.1.3.4 Business Strategies
              8.1.3.5 Recent Developments
      8.1.4 Sony Corporation
              8.1.4.1 Company Overview
              8.1.4.2 Financial Overview
              8.1.4.3 Product Portfolio
              8.1.4.4 Business Strategies
              8.1.4.5 Recent Developments
8.2 System Integrators
      8.2.1 Global Media Group, LLC.     
              8.2.1.1 Company Overview
              8.2.1.2 Financial Overview
              8.2.1.3 Product Portfolio
              8.2.1.4 Business Strategies
              8.2.1.5 Recent Developments
      8.2.2 LifeSize Communications, Inc. (Division of Logitech International S.A.)
              8.2.2.1 Company Overview
              8.2.2.2 Financial Overview
              8.2.2.3 Business Strategies
              8.2.2.4 Recent Developments
      8.2.3 Premiere Global Services, Inc.
              8.2.3.1 Company Overview
              8.2.3.2 Financial Overview
              8.2.3.3 Product Portfolio
              8.2.3.4 Business Strategies
              8.2.3.5 Recent Developments
      8.2.4 Polycom, Inc. 
              8.2.4.1 Company Overview
              8.2.4.2 Financial Overview
              8.2.4.3 Product Portfolio
              8.2.4.4 Business Strategies
              8.2.4.5 Recent Developments
      8.2.5 Vidyo, Inc. 
              8.2.5.1 Company Overview
              8.2.5.2 Financial Overview
              8.2.5.3 Product Portfolio
              8.2.5.4 Business Strategies
              8.2.5.5 Recent Developments
      8.2.6 VSee, Inc.
              8.2.6.1 Company Overview
              8.2.6.2 Financial Overview
              8.2.6.3 Product Portfolio
              8.2.6.4 Business Strategies
              8.2.6.5 Recent Developments
      8.2.7 Vermont Telephone Company, Inc.
              8.2.7.1 Company Overview
              8.2.7.2 Financial Overview
              8.2.7.3 Product Portfolio
              8.2.7.4 Business Strategies
              8.2.7.5 Recent Developments
8.3 Network Solution Providers
      8.3.1 Cisco Systems, Inc.
              8.3.1.1 Company Overview
              8.3.1.2 Financial Overview
              8.3.1.3 Product and Service Portfolio
              8.3.1.4 Business Strategies
              8.3.1.5 Recent Developments
      8.3.2 Huawei Technologies Co. Ltd.
              8.3.2.1 Company Overview
              8.3.2.2 Financial Overview
              8.3.2.3 Product Portfolio
              8.3.2.4 Business Strategies
              8.3.2.5 Recent Developments
      8.3.3 ZTE Corporation
              8.3.3.1 Company Overview
              8.3.3.2 Financial Overview
              8.3.3.3 Product Portfolio
              8.3.3.4 Business Strategies
              8.3.3.5 Recent Developments

List of Figures

FIG. 1 Market Segmentation: Global Video Telemedicine Market
FIG. 2 Global Video Telemedicine Market, by Communication Technology, 2013 (USD Million)
FIG. 3 Global Video Telemedicine Market, by Application, 2013 (USD Million)
FIG. 4 Comparative Analysis: Global Video Telemedicine Market, by Geography, 2013 & 2020 (Value %)
FIG. 5 Value Chain Analysis: Global Video Telemedicine Market
FIG. 6 Porter’s Five Forces Analysis: Global Video Telemedicine Market
FIG. 7 Market Attractiveness Analysis: Global Video Telemedicine Market, by Geography
FIG. 8 Global Video Telemedicine Market Share, by Key Players, 2013 (Value %)
FIG. 9 3G Video Telemedicine Market Revenue, 2012 – 2020 (USD Million)
FIG. 10 4G Video Telemedicine Market Revenue, 2012 – 2020 (USD Million)
FIG. 11 Satellite Communications Video Telemedicine Market Revenue, 2012 – 2020 (USD Million)
FIG. 12 ADSL Video Telemedicine Market Revenue, 2012 – 2020 (USD Million)
FIG. 13 Broadband ISDN Video Telemedicine Market Revenue, 2012 – 2020 (USD Million)
FIG. 14 Global Video Telemedicine Market Revenue in Cardiology, 2012 – 2020 (USD Million)
FIG. 15 Global Video Telemedicine Market Revenue in Dermatology, 2012 – 2020 (USD Million)
FIG. 16 Global Video Telemedicine Market Revenue in Neurology and Psychiatry, 2012 – 2020 (USD Million)
FIG. 17 Global Video Telemedicine Market Revenue in Gynecology, 2012 – 2020 (USD Million)
FIG. 18 Global Video Telemedicine Market Revenue in Orthopedics, 2012 – 2020 (USD Million)
FIG. 19 Global Telemedicine Market Revenue in Oncology, 2012 – 2020 (USD Million)
FIG. 20 Global Telemedicine Market Revenue in Radiology, 2012 – 2020 (USD Million)
FIG. 21 Global Telemedicine Market Revenue in Dentistry, 2012 – 2020 (USD Million)
FIG. 22 Global Telemedicine Market Revenue in Pathology, 2012 – 2020 (USD Million)
FIG. 23 North America Video Telemedicine Market Revenue, 2012 - 2020 (USD Million)
FIG. 24 Europe Video Telemedicine Market Revenue, 2012 - 2020 (USD Million)
FIG. 25 Asia Pacific Video Telemedicine Market Revenue, 2012 - 2020 (USD Million)
FIG. 26 RoW Video Telemedicine Market Revenue, 2012 - 2020 (USD Million)
FIG. 27 Logitech International SA.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 28 Siemens Healthcare: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 29 Sony Corporation: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 30 LifeSize Communications, Inc.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 31 Premiere Global Services Inc.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 32 Polycom, Inc.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 33 Cisco Systems, Inc.: Annual Revenue, 2011 – 2013 (USD Million)
FIG. 34 Huawei Technologies, Co. Ltd.: Annual Revenue, 2011 – 2013 (USD million)
FIG. 35 ZTE Corporation: Annual Revenue, 2011 – 2013 (USD Million)

List of Tables

TABLE 1 Market Snapshot: Global Video Telemedicine Market
TABLE 2 Global Video Telemedicine Market Revenue, by Technology, 2012 - 2020 (USD Million)
TABLE 3 Global Video Telemedicine Market Revenue by Application, 2012 - 2020 (USD Million)
TABLE 4 Global Video Telemedicine Market Revenue, by Geography, 2012 – 2020 (USD Million)
TABLE 5 North America Video Telemedicine Market Revenue, by Ecosystem, 2012 – 2020 (USD Million)
TABLE 6 Europe Video Telemedicine Market Revenue, by Ecosystem, 2012 – 2020 (USD Million)
TABLE 7 Asia Pacific Video Telemedicine Market Revenue, by Ecosystem, 2012 – 2020 (USD Million)
TABLE 8 RoW Video Telemedicine Market Revenue, by Ecosystem, 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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