Video Telemedicine Market Report, By Component (Services and Products), Communication Technology (3G, 4G, 5G, Broadband ISDN, Satellite Communication and ADSL), Application (Neurology & Psychiatry, Cardiology, Orthopedics, Dermatology, Radiology, Gynecology, Oncology, Dentistry and Pathology), End-use and Geography- Global market share, Trend Analysis and Forecast

Video telemedicine refers to the practice of caring for patients remotely via video when the provider and patient are not physically present with each other. Modern technology has enabled doctors to consult patients by using HIPAA compliant video-conferencing tools. The field of telemedicine has changed radically from its initiation. It was distinctly around fifty years back that a couple of medical clinics began exploring different avenues regarding telemedicine to arrive at patients in remote areas. However, with the quick technological innovation over last few years, telemedicine has changed into a complex integrated service utilized in hospitals clinics, homes etc.

Video Telemedicine Market Driving Factors 

• A complete combination of Information Technologies and Telecommunications, Video telemedicine is a boon to the healthcare industry. Increasing geriatric population, mounting incidence rate of chronic conditions and elevating demand for diverse healthcare services like cardiology and radiology are some of the key factors propelling the use of video telemedicine in market.
• The demand for personalized healthcare is increasing in the wake of improving the quality of care and  decreasing the cost of treatment.
• Besides, in the current scenario continuously increasing incidence rate of COVID-19 cases across the world and the high burden on healthcare professionals and facilities is also resulting in the increasing demand for this video telemedicine healthcare service 

 COVID 19 Pandemic Impact on Video Telemedicine market

 With widespread coronavirus cases across the globe, the demand for the video telemedicine is on rise. The   reason behind it is the constantly expanding occurrence of diseases, limited number of healthcare professional,   high burden on healthcare facilities and issues with accessibility of PPE, which have brought about providing   alterative way of providing healthcare services to the patients. 

 Besides, social distancing is an idea that is being considered as the significant weapon and dealing with COVID   19 pandemic. Thus, to continue to provide the healthcare services alternative options like video telemedicine   have become highly relevant for healthcare organizations. 

Video Telemedicine Market Segmental Overview

 The report analyses the global Video Telemedicine market based on component, communication technology, application, end-user and geography. 

• The video telemedicine market by component is categorised into products and services. There are many types of services offered by the market such as remote patient monitoring, interactive medicine etc. which allows patients and physicians to communicate in real-time while maintaining HIPAA compliance. The services accounted for major chunk of market share, with the increasing focus on developing rural healthcare services in various nations and elevating focus on minimizing deaths associated with emergency situations.
• The video medicine use various mode of communication technology  including  3G, 4G, 5G, Broadband ISDN, Satellite Communication and ADSL.ADSL was one of most popular communication technology segments due to factors such as high popularity of ADSL over other mode of communication technologies, growing demand for speed and user friendly technology are few factors responsible for its largest share. Though, 4G communication technologies is also anticipated to grow at a significant rate over the forecast period owing to the factors such as increasing demand for faster data and lower infrastructural cost.    
• The video telemedicine market finds application in Neurology & Psychiatry, Cardiology, Orthopedics, Dermatology, Radiology, Gynecology, Oncology, Dentistry and Pathology. The demand of the fall prevention and detection system is likely to grow significantly among aging population owing to the risk of falling due to increasing  prevalence of various chronic diseases such as Alzheimer's and Dementia along with increasing incidence of chronic disorders such as diabetes cardiovascular diseases etc.
• The video telemedicine market is studied for the key regions including North America, Europe, Asia Pacific and Rest of the World. The North America region dominated the global Video Telemedicine market. A major trend driving the Video Telemedicine market in the region is the high increasing prevalence of chronic diseases, technological advancements, adoption of healthcare devices systems as supportive tool for independent living, and reducing immense economic burden are driving the growth of the Video Telemedicine market.

 Video Telemedicine Market Key Players 

 Key players in the global Video Telemedicine market includes 

• Apple
• Companion Medical
• F. Hoffmann-La Roche
• General Electric Company
• Google
• Health Care Originals
• Hocoma
• Medical Guardian
• Medtronic
• Proteus Digital Health
• Samsung Electronics
• VitalConnect and Zanthion
• Smart Solutions
• Essence
• Schneider Electric SE, AT&T Inc.
• Siemens AG
• Koninklijke Philips N.V.
• Honeywell International Inc.
• Qualcomm Incorporated
• Medical Guardian LLC. 

Video Telemedicine Market Key Development

January 2020: Teladoc Health, Inc acquired InTouch Health, the provider of enterprise telehealth solutions for hospitals and health systems. The company aimed towards expanding its virtual care provider offering covering the full range of acuity through a single solution across all sites of care worldwide 

November 2019:  American Well acquired Aligned Telehealth to flesh out its behavioral health, telepsychiatry capabilities. With the help of this acquisition, American Well would be able to expand the service portfolio for behavioral health virtual care.

April 2019: Comcast had partnered with the Independent Health Group. The aim of the partnership was to develop new communication and patient care platform.