Healthcare Video Conferencing Solutions Market Analysis Report By Deployment Mode, By Component, By Region And Segment Forecasts From 2021 To 2028

Synopsis

The global healthcare video conferencing solutions market was prized by USD 76.97 million in 2020. It is estimated to witness 4.9% CAGR from 2021 to 2028.

Drivers

The technical progressions, like launching of 5G technology in addition to rising implementation of telemedicine resolutions is projected to increase the enlargement of the market for healthcare video conferencing solutions. The strong urban development is furthermore expected to increase the expansion of the market.

Technical progressions by a variety of companies, particularly throughout the Covid-19 pandemic, completely impacted the development of the market.

Similar to several additional businesses, the healthcare business includes a wide-ranging variety of video conferencing necessities, for instance low power, very low latency, extraordinary speed and greater bandwidth. This is because of the materialization of several data exhaustive applications, like video applications, virtual reality and augmented reality. For every one of these applications, the 5G technology gives up a superior experience. Consequently, the appearance of 5G technology is expected to stimulate the augmentation of the market.

Effect of Covid-19

The demand for remote solutions augmented throughout the Covid-19 pandemic because they helped in decreasing the acquaintance of patients with healthcare employees, in addition to amenities. These distant solutions comprise healthcare video conferencing resolutions. These factors completely affected the expansion of the healthcare video conferencing solutions market.

Deployment Mode Insight

The on-premise section held the major, more than 55.0% revenue share of the market, in 2020. The enlargement of the section can be credited to the increasing acceptance of on-premise deployment by a variety of businesses, particularly large-scale establishments, because they contain growing concerns linked to the theft of the information along with well-organized maintenance of information safety arrangement. The elevated infiltration of these resolutions is, furthermore, expected to stimulate the development of the market.

The cloud-based section is likely to increase by the highest 6.1% CAGR, during the forecast period. Cloud-based resolutions offer better ease of access to the end users by means of permitting trouble-free admittance for video conferencing services by means of a variety of channels, for example, laptops and mobile apparatuses.

Likewise, service suppliers put emphasis on the implementation of a SaaS platform, designed for giving conferencing services. The features like encrypted along with password protected cloud resolutions are moreover anticipated to increase the expansion of the market. Besides, the increasing concentration of the companies on the section is projected to stimulate the escalation of the market.

Component Insight

The hardware sector held the leading, above 45.0% revenue share of the market, in 2020. The development of the sector is credited to the increasing acceptance as well as growth of endpoints like laptops, smart phones and desktops, prepared with high-resolution cameras, microphones and speakers.

A variety of general physicians have moreover put into practice the work from a home form. This has additionally caused the cutback in investments along with demand for the enterprise sourced hardware. It has moreover augmented the investment through companies, used for the improvement of particular products, rather than enterprise hardware.

As a result of the speedy implementation of software sourced team work as well as communication resolutions like zoom video conferencing, the software segment is likely to observe major expansion, during the forecast period.

Furthermore, the augmentation of the services sector is credited to the increasing figure of video conferencing service suppliers, within the market.

Regional Insight

In 2020, North America held the major; more than 35.0% revenue share of the global healthcare video conferencing solutions market. The enlargement of this local market can be credited to the greater acceptance of video conferencing solutions within the regional healthcare industry.

Besides, rising demand for incessant admittance to high-class virtual conferences of doctors with patients is likely to increase the expansion of the market. The existence of main companies within the region, particularly in the U.S., is likely to stimulate the development of the market.

As a result of the progressions in mobile broadband technologies for example High-Speed Downlink Packed-Access (HSDPA) networks and WiMAX, mainly in the nations like India and Japan, Asia Pacific section is anticipated to develop by a large speed, during the forecast period. Rising alertness about the benefits of utilizing video conferencing solutions within the healthcare division is, furthermore, expected to encourage the expansion of the market.

Companies

The global market for healthcare video conferencing solutions is extremely disjointed and aggressive. The companies are putting into practice a variety of tactical programs, for example the enlargement of delivery system, along with global track by means of joint ventures and subsidiaries, product development along with presentation. Furthermore, the major companies are in the process of mergers & acquisitions in addition to range diversification.

Some of the companies for healthcare video conferencing solutions market are:

• Cisco
• Logitech
• Vidyo, Inc.
• Zoom Video Communications, Inc.
• Adobe
• Avaya Inc.
• Huawei Technologies Co., Ltd.
• Plantronics, Inc.
• Intrado Corporation
• Pexip AS

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2028. For the purpose of this report, Million Insights has segmented the global healthcare video conferencing solutions market report on the basis of deployment mode, component, and region:

• Deployment Mode Outlook (Revenue, USD Million, 2016 - 2028)
    • On-premise
    • Cloud-based

• Component Outlook (Revenue, USD Million, 2016 - 2028)
    • Software
    • Hardware
    • Services

• Regional Outlook (Revenue, USD Million, 2016 - 2028)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
    • Asia Pacific
        • China
        • India
        • Japan
        • Australia
        • South Korea
    • Latin America
        • Brazil
        • Mexico
        • Argentina
    • MEA
        • South Africa
        • UAE