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Global telepresence equipment market: 5% CAGR forecast between 2012-2016

Press Release   •   Jul 16, 2013 10:12 BST

The Global Telepresence Equipment market is to grow at a CAGR of 4.79 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased adoption of virtual meeting. The Global Telepresence Equipment market has also been witnessing an increased use of telepresence for telemedicine. However, the increasing requirement of high initial investment could pose a challenge to the growth of this market.

Telemedicine is a form of telepresence wherein the diagnosis, evaluation, and treatment of a patient by physicians is performed remotely. Directed by medical doctors who are located offsite, medical technicians perform tests on patients and administer care in the real-time. Telepresence solutions help physicians view the patient and accurately guide the technicians during the treatment. Hence, the ATA has been developing an inventory of the existing medical-center-based telemedicine networks. Approximately 200 such networks operate in the US, linking over 2,500 institutions nationwide. The French hospitals have also installed videoconferencing networks that link their remote emergency rooms to big hospitals in Paris. Thus, the increasing use of Telepresence for telemedicine is an emerging trend in the market.

One of the main drivers in this market is the increasing adoption of virtual meeting service. Multinational organizations are expanding their businesses globally, and hence they have their clients, customers, suppliers, and dealers in different parts of the globe. Further, as businesses expand, it is important for a parent company to establish subsidiaries and branches in other countries. To connect with offices based at other locations and with foreign clients, enterprises opt for online communication or virtual meeting. Virtual meetings require reliable international connection at affordable rates. Telepresence technology enables end-users to attend virtual meetings and have a face-to-face communication despite the distance.

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