Video Telemedicine Market is Witnessing Significant Growth as industry leader
VSee lab Inc. partners with Vuzix Corporation to Introduce an Innovative
Video telemedicine uses technology primarily computers, video, messaging, and
phone by medical professionals to diagnose and treat patients in remote locations.
Video telemedicine or telemedicine involves the use of electronic communications
and software for management of chronic conditions.
Increasing prevalence of hospital-acquired infection and increasing incidences of
white coat syndrome is expected to drive growth of the global video telemedicine
market during the forecast period. According to the Indian Journal Medical Research
(IJMR), in 2017, surgical-site infections (SSIs) were the most common HAI with
prevalence of 23.94% followed by hospital-acquired pneumonia with 18.31%,
catheter-related blood stream infection (16.9%), and urinary tract infections (16.9%)
in India. Such high prevalence has led to increase in demand for video telemedicine
globally. Video telemedicine offers numerous advantages such as less time in waiting
room, no transportation time and cost, and fewer chances of catching a new illness.
Thus, these factors are expected to drive growth of the global video telemedicine
market during the forecast period. Moreover, growing geriatric population is expected
to boost the global video telemedicine market growth over the forecast period.
According to the World Health Organization (WHO), by 2050, global population of
aged 60 years and above is expected to reach 2 billion, increasing from 900 million in
2015. Video telemedicine is a perfect alternative to geriatric people to get medical
treatments and medications without actually visiting the doctor’s office.
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