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
