Global Healthcare Video Conferencing Solutions Market by Deployment Mode (On-premise, Cloud-based), by Component (Software, Hardware, Services) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global healthcare video conferencing solutions market was valued at USD76.97 million in 2020. It is expected to grow at a compound annual rate (CAGR of 4.9%) between 2021 and 2028. Market growth is expected to be boosted by the increasing adoption of telemedicine solutions as well as technological advances, such the introduction of 5G technology. Market growth is expected to be boosted by robust urbanization. Remote solutions were in high demand during the COVID-19 pandemic. They helped to reduce contact between patients and healthcare facilities as well as their staff. Remote solutions include healthcare video conference solutions. These remote solutions allowed doctors to stay in touch with their patients, which helped them to be more productive during the pandemic. These factors had a positive impact on the market's growth.

The market has seen positive growth due to technological advancements made by market players, particularly during the COVID-19 pandemic. Adobe Experience Cloud for Healthcare was launched in August 2021 to increase digital transformation capabilities and enhance patient experiences. This solution is HIPAA-compliant and built on Adobe Experience Cloud apps. This allows healthcare companies to reduce costs, improve the quality of care and accelerate the digital transformation.

Like many industries, the healthcare industry has different video conferencing requirements. These include ultra-low latency and high bandwidth as well as high speed, low power, and high speed. Many data-intensive applications such as video, augmented reality and virtual reality have led to this increase in demand. All these applications will enjoy a better experience with 5G technology. Market growth is expected to be accelerated by the introduction of 5G technology.

Insights on the Deployment Mode

In 2020, the on-premise segment was responsible for 55.0% of the total revenue. This segment growth can be attributed to the increasing adoption of on-premise deployment in large organizations. Larger organizations have greater concerns about data theft and efficient maintenance information security systems. The market will continue to grow due to the increasing penetration of these solutions.

Over the forecast period, the cloud-based market is expected to grow at 6.1%. Cloud-based solutions make video conferencing more accessible to end users. They allow easy access to video conferencing services via various channels such as mobile devices, laptops and . Service providers are promoting the use of SaaS platforms to provide conferencing services. Market growth is also expected to be boosted by features such as encrypted cloud solutions and password-protected cloud solutions. Market growth will also be driven by the increasing focus of market players on this segment.

Component Insights

In 2020, the hardware segment was responsible for more than 45.0% of all revenue. This segment growth can be attributed to the increasing adoption and development endpoints like smartphones, desktops and laptops with microphones, speakers and high-resolution cameras. General physicians also have adopted the home-based model of working, which has led to a decrease in investment in enterprise-based hardware. This has prompted companies to invest more in individual products and not in enterprise hardware.

Due to rapid adoption of software-based collaboration and communication solutions such as Zoom videoconferencing, the software segment will see significant growth during the forecast period. The growing market share of video conferencing services is also responsible for the growth in the services segment.

Regional Insights

North America was responsible for over 35.0% of the total revenue in 2020. This is due to the rapid adoption of video conferencing solutions within the healthcare industry. Market growth is expected to be aided by the increasing demand for high-quality, continuous access to virtual meetings between doctors and patients. The market growth is also expected to be fueled by the presence of key market players, particularly in the U.S.

Due to technological advances in mobile broadband technology, including WiMAX and High-Speed Downlink Packed-Access networks (HSDPA), the Asia Pacific region will grow significantly over the forecast period. This is especially true in countries like India and Japan. The market is expected to grow due to increasing awareness about the benefits of video conferencing solutions for the healthcare sector.

Market Share Insights & Key Companies

Global markets are highly competitive and fragmented. Market players are taking various strategic steps, including product launches and expansions, as well as expanding distribution networks and establishing global footprints through subsidiaries and partnerships. Portfolio diversification and mergers and acquisitions are key activities for key players. Zoom Video Communications, Inc. announced in June 2021 that it had acquired Karlsruhe Information Technology Solutions- Kites GmbH, which is a company that specializes in the development of machine translation solutions. The acquisition will help Zoom expand its plans to open a research and development center in Germany. The following are some of the major players in the global market for healthcare video conferencing solutions:

• Adobe

• Pexip AS

• Zoom Video Communications, Inc.

• Intrado Corporation

• Vidyo, Inc.

• Plantronics, Inc.

• Logitech

• Huawei Technologies Co., Ltd.

• Cisco

• Avaya Inc.

Up Market Research published a new report titled “Healthcare Video Conferencing Solutions Market research report which is segmented by Deployment Mode (On-premise, Cloud-based), by Component (Software, Hardware, Services), By Players/Companies Vidyo Inc, Zoom Video Communications Inc, Adobe, Avaya Inc, Huawei Technologies Co Ltd, Cisco, Intrado Corporation, Logitech, Plantronics Inc, Pexip AS”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Healthcare Video Conferencing Solutions Market Report Segments:

The market is segmented by Deployment Mode (On-premise, Cloud-based), by Component (Software, Hardware, Services).

Healthcare Video Conferencing Solutions Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Healthcare Video Conferencing Solutions Market

Overview of the regional outlook of the Healthcare Video Conferencing Solutions Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Healthcare Video Conferencing Solutions Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Healthcare Video Conferencing Solutions Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. On-premise

                2. Cloud-based

                1. Software

                2. Hardware

                3. Services

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Healthcare Video Conferencing Solutions Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Healthcare Video Conferencing Solutions Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.