Global Video Telemedicine Market Share Report 2024, Forecast To 2033
8 Mar, 2024
The video telemedicine market surged from $2.51 billion in 2023 to $2.96 billion in 2024, with an 18.1% CAGR, due to healthcare demand and regulatory support. Forecasts indicate growth to $5.67 billion by 2028, fueled by telehealth investments and remote monitoring, with trends in cybersecurity and wearable integration.
Global Video Telemedicine Market Key Driver
The video telemedicine market is expanding due to the growing prevalence of chronic diseases. Chronic diseases impose significant healthcare challenges, driving the adoption of telemedicine solutions for remote patient monitoring and management. With chronic diseases accounting for a significant portion of global deaths annually, there is increasing emphasis on leveraging telemedicine to improve healthcare outcomes. The market's growth is fueled by the need to address the rising burden of chronic diseases and enhance access to quality healthcare services, as highlighted by the World Health Organization's statistics.
Get A Free Sample Of The Global Video Telemedicine Market ReportGlobal Video Telemedicine Market Segments
The video telemedicine market covered in this report is segmented –
1) Component:Services, Hardware, Software
2) Application:Neurology And Psychiatry, Cardiology, Orthopedics, Dermatology, Radiology, Gynecology, Oncology, Dentistry, Pathology
3) End User:Home Care Services, Hospitals, Clinics, Other End Users
By Geography: The countries covered in the video telemedicine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the video telemedicine market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the video telemedicine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Video Telemedicine Industry Players
Huawei Technologies Co Ltd.; Sony Corporation; Cisco Systems Inc.; Siemens Healthineers AG; Logitech International S.A.; Teladoc Health Inc.; Poly Inc.; GoodRx Holdings Inc.; Vonage Holdings Corp; Doximity Inc.; Included Health LLC; American Well Corporation; 23andMe Holding Co; Talkspace Inc; LifeSize Communications Inc; MDLIVE Inc; GlobalMed Inc.; PlushCare Inc; MeMD LLC; AMD Global Telemedicine Inc.; Sesame Inc; 98point6 Technologies Inc.; Vermont Telephone Company Inc.; HealthTap Inc; CirrusMD Inc.; Vidyo Inc.; VSee Lab Inc.; eVisit Inc.; Visionflex Pty Limited; Techmedic International B.V.
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Video Telemedicine Market Overview
Video telemedicine is a type of telemedicine that uses real-time video and audio telecommunications systems to connect healthcare providers and patients remotely. It is used to enable healthcare providers to assess, diagnose, educate, and treat patients without the need for physical consultations.