The Business Research Company’s Video Telemedicine Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Video Telemedicine Global Market Report 2023 evaluates video telemedicine market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The video telemedicine market segments in the report are:
1) By Component: Services, Hardware, Software
2) By Application: Neurology And Psychiatry, Cardiology, Orthopedics, Dermatology, Radiology, Gynecology, Oncology, Dentistry, Pathology
3) By End User: Home Care Services, Hospitals, Clinics, Other End Users
Major Players
- Huawei Technologies Co Ltd.
- Sony Corporation
- Cisco Systems Inc.
- Siemens Healthineers AG
- Logitech International S.A.
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The global video telemedicine market is expected to grow from $2.12 billion in 2022 to $2.51 billion in 2023 at a compound annual growth rate (CAGR) of 18.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The video telemedicine market is expected to reach $4.77 billion in 2027 at a CAGR of 17.5%.
The growing prevalence of chronic diseases is expected to propel the growth of the video telemedicine market. Chronic diseases are enduring conditions that can typically be managed but not completely cured. Telemedicine emerges as a valuable tool in managing chronic diseases, as it enhances access to care, enables remote monitoring and self-management, improves communication between patients and healthcare providers, and enhances outcomes in disease management. For instance, in March 2020, the National Cancer Institute, a US-based part of the National Institutes of Health, reported that the United States had approximately 207,463 individuals living with chronic lymphocytic leukemia in the year 2020, and by 2023, there will be about 18,740 newly diagnosed cases of chronic lymphocytic leukemia, with approximately 4,490 individuals succumbing to this disease. Therefore, the rise in the prevalence of chronic diseases is expected to propel the growth of the video telemedicine market.
The table of contents in TBRC’s video telemedicine market report includes:
1. Executive Summary
2. Video Telemedicine Market Characteristics
3. Video Telemedicine Market Trends And Strategies
4. Video Telemedicine Market – Macro Economic Scenario
5. Global Video Telemedicine Market Drivers and Restraints
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32. Global Video Telemedicine Market Competitive Benchmarking
33. Global Video Telemedicine Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Video Telemedicine Market
35. Video Telemedicine Market Future Outlook and Potential Analysis
36. Appendix
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