Video Telemedicine Market: Effect and Growth Factors Research and Projection 2018-2026

Video Telemedicine Market: Latest Advancements
& Market Outlook 2018 to 2026
Video Telemedicine Market, By Deployment (On-Premise Video Conferencing,
and Cloud-Based Video Conferencing), By Component (Hardware, Software), By
Application (Oncology, Cardiology, Dermatology, Gynecology, Dentistry and
Neurology), By Communication Technologies (3G, 4G, ADSL, Broadband ISDN,
and Satellite Communication), and By End User (Hospitals, Clinics, Home Care
Services) - Global Industry Insights, Trends, Outlook and Opportunity Analysis,
2018-2026
A joint survey conducted in 2016, by American Telemedicine Association (ATA) and WEGO Health, to
understand patient’s perspective on the use of video telemedicine, revealed that consumers are more
interested in using telehealth as a replacement or complement technique for in-person patient care.
Video conferencing in healthcare reduces re-hospitalization by extending care at home, delivers videoaudio consultation, provides easy-to-use interface and reduce travel time and associated costs. In
addition, video telemedicine improves efficiency by clear content sharing and facilitating more
participant to engage into discussion.
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Video telemedicine for treating patients is important aspects of telemedicine facility, which facilitates
reliable quality and clinical efficiency to in-home care, acute care and ambulatory care. Telehealth
continue to gain importance in healthcare industry. Patients are realizing the value of virtual care
options and substituting it for in-patient care option. Telemedicine extends the healthcare solutions to
the rural patients and to the patients living in the remote location areas, which increases accessibility to
care at lower costs. Healthcare professionals and independent physicians increasingly use telemedicine
application and software services to video conference with patients, when they lack infrastructure for
in-house patient care. The 2017 U.S. Telemedicine Industry Benchmark Survey conducted by REACH
Health, among physicians, healthcare executives, nurses, and other healthcare professionals in the U.S.
found that telemedicine continues to evolve from specialty service to mainstream service. Also, 94% of
participants choose video conferencing feature (integrated audio and video for live patient engagement)
and found it the most valuable tool in telemedicine platform service.
More than half of patients surveyed by the Health Industry Distributors Association (HIDA), in 2016,
were more satisfied receiving telehealth service, and 54% said that the experience was better than
traditional physician clinic visit. Moreover, more than half of the survey respondents learned about
telehealth from their physicians rather than telemedicine service provider. Moreover, the physician and
consulting healthcare professionals are an important link to provide telemedicine services to the
patients, thereby to increase growth of the video telemedicine market in near future.
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Some of the key players operating in the video telemedicine market are Huawei technologies Co. Ltd.,
Polycom Inc., Vidyo Inc., Adobe Systems Incorporated, Cisco Systems, Inc., Avaya Inc., ZTE
Corporation, West Corporation and Microsoft Corporation.
An increasing need for delivering healthcare services to rising geriatric population, growing dearth of
physicians and increasing chronic disease incidence facilitates the growth of video telemedicine
market. Moreover, increasing adaptation of mobile, smartphone and tablet into healthcare IT segment
facilitating technology penetration and incorporation of big data to allow more efficient, more effective
and improved operational efficiency in telemedicine services, further helps to boost the video
telemedicine market, in near future.
According to the World Health Organization (WHO), around 17.7 million people died from
cardiovascular diseases in 2015, representing 31% of all global deaths. Chronic obstructive pulmonary
disease (COPD) is a chronic lung disease, accounting for 3 million deaths in 2015, according to the
same source. The 2016 Physician Supply and Demand Report, released by Association of American
Medical College (AAMC), projects the significant physician shortfall, in the U.S. between 2014 and
2025, which is ranges between 61,700 and 94,700.
Video telemedicine to become effective tool as in-person care for Parkinson’s disease
According to the study published in Neurology Journal, in April 2017, video telemedicine is expected
to become a new tool to improve care for people suffering from Parkinson’s disease and essentially for
those patients who do not have easy access to a neurologist. Moreover, the study finding shows that
video telemedicine for chronic disease such as Parkinson’s disease is more effective than in-patient
care. In addition, the broader adaptation of technology has a potential to expand the access to patientcentered care facilities.
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A joint survey conducted in 2016, by American Telemedicine Association (ATA) and WEGO Health, to understand patient’s perspective on the use of video telemedicine, revealed that consumers are more interested in using telehealth as a replacement or complement technique for in-person patient care.