Save up to 30% on The Business Research Company’s comprehensive market research reports for a limited time only!

At What Rate is the Video Telemedicine Market Predicted to Expand Between 2024 and 2033?

In recent times, there has been a significant expansion in the video telemedicine market. Predictions show that the market size, which stands at $2.51 billion in 2023, will escalate to $2.96 billion in 2024, growing at a compound annual growth rate (CAGR) of 18.1%. Factors contributing to this upward trajectory during the historic period include advancements in internet infrastructure, escalating healthcare expenses, a growth in demand for remote healthcare offerings, a larger ageing population, and supportive regulations.

The dimension of the video telemedicine market is projected to witness swift expansion in the forthcoming years. The market is predicted to augment to $5.67 billion in 2028 with a Compound Annual Growth Rate (CAGR) of 17.7%. The escalation during the prediction period can be associated with an increase in telehealth investments, prevalence of chronic ailments, broadening of fast internet services, regulatory supports for telemedicine, and worldwide health emergencies. Noteworthy trends for the prediction period comprise improved cybersecurity protocols, bespoke telemedicine applications, amplified usage of wearable technology in telehealth, concentration on mental health telemedicine provisions, and evolving remote tracking technologies.

Claim Your Free Sample of the Global Video Telemedicine Market Report Today!

https://www.thebusinessresearchcompany.com/sample.aspx?id=12730&type=smp

What Forces Are Boosting the video telemedicine Market’s Growth?

The increasing incidence of chronic diseases is predicted to fuel the expansion of the video telemedicine market. Chronic ailments are persistent conditions that can usually be managed but not fully cured. Telemedicine becomes a beneficial tool in handling chronic diseases, as it improves accessibility to healthcare, supports remote monitoring and self-management, enhances communication between individuals and healthcare practitioners, and improves the results in disease control. For example, in September 2022, the World Health Organization (WHO) reported that out of 41 million deaths globally, 74% were due to Noncommunicable diseases (NCDs) or chronic diseases. These include 17.9 million deaths from cardiovascular diseases, 9.3 million from cancer, 4.1 million from chronic respiratory diseases, and 2.0 million from diabetes. Consequently, the surge in chronic diseases is likely to bolster the growth of the video telemedicine market.

What Key Segments Make Up the Video Telemedicine Market?

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

What Are the Latest Trends Impacting the Video Telemedicine Market?

The video telemedicine market is witnessing a significant trend in the form of technological advancements. The main players in the market are keen on introducing new technologies to consolidate their market position and enjoy a competitive edge. In a case in point, Samaritan Health Services Inc., a pioneer and quality healthcare service provider from the US, unveiled the Epic Video Client telemedicine platform in July 2023. This exclusive platform has been engineered to efficiently upgrade clinical documentation, initiate video consultations securely, and access patient histories in the Epic electronic health record system. Additionally, it facilitates the inclusion of family members and interpreters in a patient’s telemedicine consultation.

Order Now for Fast Delivery of Your Video Telemedicine Market Report!

https://www.thebusinessresearchcompany.com/report/video-telemedicine-global-market-report

What Regions Are Dominating the Video Telemedicine Market Growth?

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

The Video Telemedicine Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the video telemedicine market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Video Telemedicine Market Include

1. Video Telemedicine Market Executive Summary

2. Video Telemedicine Market Segments

3. Video Telemedicine Market Size And Template Market Growth Rate

4. Key Video Telemedicine Market Trends

5. Major Video Telemedicine Market Drivers

……

25. Key Mergers And Acquisitions In The Video Telemedicine Market

26. Top Video Telemedicine Companies

27. Video Telemedicine Market Opportunities And Strategies

28. Video Telemedicine Market, Conclusions And Recommendations

29. Appendix

Discover Related Reports by The Business Research Company:

Video Management System Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/video-management-system-global-market-report

Video Equipment Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/video-equipment-global-market-report

Telemedicine Services Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/telemedicine-services-global-market-report

Learn More About The Business Research Company

The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: