The market size of the Healthcare Video Conferencing Solutions Market was around US$ 87 Million in 2022 and is expected to grow with a CAGR of 5.5% from 2023 to 2033. The market is expected to account for an absolute dollar opportunity of nearly US$ 156.7 Million from 2023 to 2033.
| Attribute | Details |
|---|---|
| Global Healthcare Video Conferencing Solution Market (2023) | US$ 91.7 Million |
| Global Healthcare Video Conferencing Solution Market (2033) | US$ 156.7 Million |
| Global Healthcare Video Conferencing Solution Market CAGR (2023 to 2033) | 5.5% |
| The USA Healthcare Video Conferencing Solution Market CAGR (2023 to 2033) | 5.1% |
| Key Companies Profiled |
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As per the Healthcare Video Conferencing Solutions Market industry research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market increased at around 5.5% CAGR. With an absolute dollar opportunity of US$ 65 Million, the market is projected to grow at a CAGR of 5.5% over the coming ten years.
The market for healthcare video conferencing solutions is projected to grow at a significant pace owing to technological advancements such as the debut of 5G technology and the increasing implementation of telemedicine resolutions.
The market's development was also influenced by technical advancements brought by several firms, particularly during Covid-19. The healthcare industry, like many others, has a diverse set of video conferencing requirements, including low power, very low latency, incredible speed, and more bandwidth. This is because various data-intensive applications, such as video applications, virtual reality, and augmented reality, have become a reality.
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During the projected period, the Healthcare and Life Sciences vertical is expected to develop at a faster pace. On a daily basis, the healthcare and life sciences sector is exposed to a wide range of clinical, administrative, and financial material. As a result, channeled content insights and correct clinical information are required, which can be aggregated through a video conferencing solution.
The partnerships allow healthcare practitioners in telemedicine and patient care, medical education, and healthcare management applications to provide better communication choices to their patients, allowing them to provide better care. Patients, healthcare teams, and family members can meet face-to-face to discuss various treatment scenarios, regardless of where they are in the world.
Video conferencing aids in patient monitoring, consultation, and counseling.
In the healthcare and life sciences vertical, the video conferencing market is now experiencing substantial growth potential. The growing demand for video solutions to improve clinical partnerships, staff training, medical education, and healthcare communication can be ascribed to this expansion.
Healthcare firms are now concentrating on improving their total IT infrastructure in order to provide better medical services. The increasing usage of healthcare IT systems in the healthcare sector is the most significant factor driving the market growth. Furthermore, the government encourages the development of healthcare IT solutions, which supports the healthcare video conferencing business.
Government spending on healthcare IT is high in several nations, including the United States, Germany, the United Kingdom, Switzerland, Australia, and the Middle East. As a result, in the forthcoming years, healthcare video conferencing markets in these countries are likely to rise rapidly.
North America accounted for a significant share of the global healthcare video conferencing solutions market in 2022. The increased acceptance of video-conferencing technologies in the healthcare business has led to regional market growth.
Increased demand for continuous access to high-end virtual doctor-patient conferences is expected to boost the market growth. The presence of key corporations in the region is anticipated to stimulate market growth.
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The market in the USA is expected to grow at a CAGR of 5.1% from 2023 to 2033, to reach a valuation of US$ 51.9 Million by 2033. During the forecast period, the market is projected to witness an absolute dollar opportunity of US$ 20.4 Million.
The market in the UK is expected to reach a valuation of US$ 6.7 Million by 2033. Growing with a CAGR of 5.1% in the forecast period, the market in the country is projected to garner an absolute dollar opportunity of around US$ 2.6 Million.
In Japan, the market is expected to grow at a CAGR of 7.5% from 2023 to 2033, reaching around US$ 6.7 Million by 2033. The market in the country is expected to gross an absolute dollar opportunity of US$ 3.4 Million during the forecast period.
The market in South Korea is expected to reach a valuation of around US$ 3 Million by 2033, growing at a CAGR of 5% from 2023 to 2033. The market in the country is expected to witness an absolute dollar opportunity of around US$ 1.2 Million.
In 2020, the on-premise segment was the significant revenue-generating segment in the Healthcare Video Conferencing Solutions Market, accounting for over 55% of sales. The revenue through this segment grew with a CAGR of 5.9% in the last five years and is expected to grow with a CAGR of 5.6% from 2023 to 2033.
The growing popularity of on-premise deployment by a variety of enterprises, particularly large-scale institutions, can be attributed to the growing concerns about data theft as well as well-organized information security arrangements. In addition, the increased penetration of these resolutions is likely to boost the market growth.
During the projected period, cloud-based deployment is expected to grow at a significantly higher rate. End users benefit from cloud-based solutions because they provide seamless access to video conferencing services through a range of channels, including laptops and mobile devices.
Similarly, service providers emphasize the use of a SaaS platform to provide conferencing services. Cloud resolutions that are encrypted and password protected are also expected to drive market growth. Furthermore, market expansion is expected to be aided by the increasing concentration of corporations in the section.
During the pandemic, healthcare providers used video conferencing technology to bring assistance to patients suffering from a variety of diseases or health problems. Doctors were able to tailor their services to the individual needs of their patients owing to this technology.
Key players in the Healthcare Video Conferencing Solutions Market include Adobe, Pexip AS, Zoom Video Communications, Inc., Intrado Corporation, Vidyo, Inc., Plantronics, Inc., Logitech, Huawei Technologies Co., Ltd., Cisco, and Avaya Inc.
A few recent developments in the Healthcare Video Conferencing Solutions market are:
The valuation of the healthcare video conferencing solutions market reaches a notable sum of US$ 91.7 million in 2023.
The healthcare video conferencing solutions market is estimated to achieve a valuation of US$ 156.7 million by 2033.
The healthcare video conferencing solutions market is poised to witness a 5.5% CAGR upswing in demand through 2033.
The prominent trend in the healthcare video conferencing solutions market is the rapid adoption of telemedicine and virtual healthcare services.
The on-premise segment is positioned to sustain its preference in the market, holding a significant market share of 55%.
1. Executive Summary | Healthcare Video Conferencing Solutions Market 1.1. Global Market Outlook 1.2. Summary of Statistics 1.3. Key Market Characteristics & Attributes 1.4. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Risks and Trends Assessment 3.1. Risk Assessment 3.2. Key Trends Impacting the Market 3.3. Formulation and Product Development Trends 4. Market Background and Foundation Data Points 4.1. Global Market (US$ Million) 4.2. Market Opportunity Assessment (US$ Million) 4.2.1. Total Available Market 4.2.2. Serviceable Addressable Market 4.2.3. Serviceable Obtainable Market 4.3. Market Scenario Forecast 4.3.1. Demand in optimistic Scenario 4.3.2. Demand in Likely Scenario 4.3.3. Demand in Conservative Scenario 4.4. Investment Feasibility Analysis 4.4.1. Investment in Established Markets 4.4.1.1. In Short Term 4.4.1.2. In Long Term 4.4.2. Investment in Emerging Markets 4.4.2.1. In Short Term 4.4.2.2. In Long Term 4.5. Forecast Factors - Relevance & Impact 4.5.1. Top Companies Historical Growth 4.5.2. Global Market Growth 4.5.3. Adoption Rate, By Country 4.6. Market Dynamics 4.6.1. Market Driving Factors and Impact Assessment 4.6.2. Prominent Market Challenges and Impact Assessment 4.6.3. Market Opportunities 4.6.4. Prominent Trends in the Global Market & Their Impact Assessment 5. Key Success Factors 5.1. Manufacturers’ Focus on Low Penetration High Growth Markets 5.2. Banking on with Segments High Incremental Opportunity 5.3. Peer Benchmarking 6. Global Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 6.1. Historical Market Analysis, 2018 to 2022 6.2. Current and Future Market Projections, 2023 to 2033 6.3. Y-o-Y Growth Trend Analysis 7. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033 7.1. Historical Market Value (US$ Million) Analysis, 2018 to 2022 7.2. Current and Future Market Value (US$ Million) Projections, 2023 to 2033 7.2.1. Y-o-Y Growth Trend Analysis 7.2.2. Absolute $ Opportunity Analysis 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ Million) Analysis By Deployment, 2018 to 2022 8.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Deployment, 2023 to 2033 8.3.1. On-premise 8.3.2. Cloud-based 8.4. Market Attractiveness Analysis By Deployment Mode Technique 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ Million) Analysis By Component, 2018 to 2022 9.3. Current and Future Market Size (US$ Million) Analysis and Forecast By Component, 2023 to 2033 9.3.1. Software 9.3.2. Hardware 9.3.3. Services 9.4. Market Attractiveness Analysis By Component 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. Introduction 10.2. Historical Market Size (US$ Million) Analysis By Region, 2018 to 2022 10.3. Current Market Size (US$ Million) & Analysis and Forecast By Region, 2023 to 2033 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. Asia Pacific 10.3.5. Middle East and Africa (MEA) 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 11.1. Introduction 11.2. Pricing Analysis 11.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033 11.4.1. By Country 11.4.1.1. The USA 11.4.1.2. Canada 11.4.1.3. Rest of North America 11.4.2. By Deployment 11.4.3. By Component 11.5. Market Attractiveness Analysis 11.5.1. By Country 11.5.2. By Deployment 11.5.3. By Component 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 12.1. Introduction 12.2. Pricing Analysis 12.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033 12.4.1. By Country 12.4.1.1. Brazil 12.4.1.2. Mexico 12.4.1.3. Rest of Latin America 12.4.2. By Deployment 12.4.3. By Component 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Deployment 12.5.3. By Component 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13.1. Introduction 13.2. Pricing Analysis 13.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033 13.4.1. By Country 13.4.1.1. Germany 13.4.1.2. France 13.4.1.3. United Kingdom (UK) 13.4.1.4. Italy 13.4.1.5. Benelux 13.4.1.6. Nordic Countries 13.4.1.7. Rest of Europe 13.4.2. By Deployment 13.4.3. By Component 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Deployment 13.5.3. By Component 14. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14.1. Introduction 14.2. Pricing Analysis 14.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033 14.4.1. By Country 14.4.1.1. China 14.4.1.2. Japan 14.4.1.3. South Korea 14.4.1.4. Rest of Asia Pacific 14.4.2. By Deployment 14.4.3. By Component 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Deployment 14.5.3. By Component 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15.1. Introduction 15.2. Pricing Analysis 15.3. Historical Market Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 15.4. Market Value (US$ Million) & Forecast By Market Taxonomy, 2023 to 2033 15.4.1. By Country 15.4.1.1. GCC Countries 15.4.1.2. South Africa 15.4.1.3. Turkey 15.4.1.4. Rest of Middle East and Africa 15.4.2. By Deployment 15.4.3. By Component 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Deployment 15.5.3. By Component 16. Key Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16.1. Introduction 16.1.1. Market Value Proportion Analysis, By Key Countries 16.1.2. Global Vs. Country Growth Comparison 16.2. USA Market Analysis 16.2.1. Value Proportion Analysis by Market Taxonomy 16.2.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033 16.2.2.1. By Deployment 16.2.2.2. By Component 16.3. Canada Market Analysis 16.3.1. Value Proportion Analysis by Market Taxonomy 16.3.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033 16.3.2.1. By Deployment 16.3.2.2. By Component 16.4. Mexico Market Analysis 16.4.1. Value Proportion Analysis by Market Taxonomy 16.4.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033 16.4.2.1. By Deployment 16.4.2.2. By Component 16.5. Brazil Market Analysis 16.5.1. Value Proportion Analysis by Market Taxonomy 16.5.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033 16.5.2.1. By Deployment 16.5.2.2. By Component 16.6. Germany Market Analysis 16.6.1. Value Proportion Analysis by Market Taxonomy 16.6.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033 16.6.2.1. By Deployment 16.6.2.2. By Component 16.7. France Market Analysis 16.7.1. Value Proportion Analysis by Market Taxonomy 16.7.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033 16.7.2.1. By Deployment 16.7.2.2. By Component 16.8. Italy Market Analysis 16.8.1. Value Proportion Analysis by Market Taxonomy 16.8.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033 16.8.2.1. By Deployment 16.8.2.2. By Component 16.9. BENELUX Market Analysis 16.9.1. Value Proportion Analysis by Market Taxonomy 16.9.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033 16.9.2.1. By Deployment 16.9.2.2. By Component 16.10. United Kingdom Market Analysis 16.10.1. Value Proportion Analysis by Market Taxonomy 16.10.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033 16.10.2.1. By Deployment 16.10.2.2. By Component 16.11. Nordic Countries Market Analysis 16.11.1. Value Proportion Analysis by Market Taxonomy 16.11.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033 16.11.2.1. By Deployment 16.11.2.2. By Component 16.12. China Market Analysis 16.12.1. Value Proportion Analysis by Market Taxonomy 16.12.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033 16.12.2.1. By Deployment 16.12.2.2. By Component 16.13. Japan Market Analysis 16.13.1. Value Proportion Analysis by Market Taxonomy 16.13.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033 16.13.2.1. By Deployment 16.13.2.2. By Component 16.14. South Korea Market Analysis 16.14.1. Value Proportion Analysis by Market Taxonomy 16.14.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033 16.14.2.1. By Deployment 16.14.2.2. By Component 16.15. GCC Countries Market Analysis 16.15.1. Value Proportion Analysis by Market Taxonomy 16.15.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033 16.15.2.1. By Deployment 16.15.2.2. By Component 16.16. South Africa Market Analysis 16.16.1. Value Proportion Analysis by Market Taxonomy 16.16.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033 16.16.2.1. By Deployment 16.16.2.2. By Component 16.17. Turkey Market Analysis 16.17.1. Value Proportion Analysis by Market Taxonomy 16.17.2. Value & Analysis and Forecast by Market Taxonomy, 2018 to 2033 16.17.2.1. By Deployment 16.17.2.2. By Component 16.17.3. Competition Landscape and Player Concentration in the Country 17. Market Structure Analysis 17.1. Market Analysis by Tier of Companies 17.2. Market Concentration 17.3. Market Share Analysis of Top Players 17.4. Market Presence Analysis 17.4.1. By Regional footprint of Players 17.4.2. Product footprint by Players 18. Competition Analysis 18.1. Competition Dashboard 18.2. Competition Benchmarking 18.3. Competition Deep Dive 18.3.1. Adobe 18.3.1.1. Overview 18.3.1.2. Product Portfolio 18.3.1.3. Sales Footprint 18.3.1.4. Strategy Overview 18.3.2. Pexip AS 18.3.2.1. Overview 18.3.2.2. Product Portfolio 18.3.2.3. Sales Footprint 18.3.2.4. Strategy Overview 18.3.3. Zoom Video Communications, Inc. 18.3.3.1. Overview 18.3.3.2. Product Portfolio 18.3.3.3. Sales Footprint 18.3.3.4. Strategy Overview 18.3.4. Indtrado Corporation 18.3.4.1. Overview 18.3.4.2. Product Portfolio 18.3.4.3. Sales Footprint 18.3.4.4. Strategy Overview 18.3.5. Vidyo, Inc. 18.3.5.1. Overview 18.3.5.2. Product Portfolio 18.3.5.3. Sales Footprint 18.3.5.4. Strategy Overview 18.3.6. Plantronics, Inc. 18.3.6.1. Overview 18.3.6.2. Product Portfolio 18.3.6.3. Sales Footprint 18.3.6.4. Strategy Overview 18.3.7. Logitech 18.3.7.1. Overview 18.3.7.2. Product Portfolio 18.3.7.3. Sales Footprint 18.3.7.4. Strategy Overview 18.3.8. Huawei Technologies Co., Ltd. 18.3.8.1. Overview 18.3.8.2. Product Portfolio 18.3.8.3. Sales Footprint 18.3.8.4. Strategy Overview 18.3.9. Cisco 18.3.9.1. Overview 18.3.9.2. Product Portfolio 18.3.9.3. Sales Footprint 18.3.9.4. Strategy Overview 18.3.10. Avaya Inc. 18.3.10.1. Overview 18.3.10.2. Product Portfolio 18.3.10.3. Sales Footprint 18.3.10.4. Strategy Overview 19. Assumptions and Acronyms Used 20. Research Methodology
Healthcare
June 2024
REP-GB-14775
250 pages
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Healthcare Video Conferencing Solutions Market
