Video Telemedicine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2020 A new research report published by Transparency Market Research on the global video telemedicine market states that this market is expected to grow at a CAGR of 16.5% during the forecast period from 2014 to 2020, to reach an estimated value of US$1,624.4 million. The report is titled “Video Telemedicine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020� and notes that the global video telemedicine market was worth US$559.0 million in 2013. The report contains detailed information and comprehensive analysis of market trends, growth drivers and restraints, product categories, and other market segments of the video telemedicine market. The market forecast for the period from 2014 to 2020 is also described in detail in the report. The report analyzes the global video telemedicine market on three bases: Communication technology, application, and geographical distribution of the global market for video telemedicine.
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.