Healthcare Video Conferencing Solutions Market is projected to increase at a CAGR of around 5.5% from 2023 to 2033
The Healthcare Video Conferencing Solutions Market revenues were estimated at US$ 87 Million in 2022 and are anticipated to grow at a CAGR of 5.5% from 2023-2033, according to a recently published Future Market Insights report. By the end of 2033, the market is expected to reach US$ 91.7 Million. The revenue through on-premise installed healthcare video conferencing solutions is expected to grow at a CAGR of 5.6% during the forecast period.
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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.
North America accounted for a significant share of the global Digital Health Communication Solution 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.
Competitive Landscape
- Adobe
- Pexip AS
- Zoom Video
Communications, Inc.
- Intrado
Corporation
- Vidyo, Inc.
- Plantronics,
Inc.
- Logitech
- Huawei
Technologies Co., Ltd.
- Cisco
- Avaya Inc.
A few recent developments in the Healthcare Video Conferencing Solutions
market are:
- In June 2021, Zoom Video
Communications, Inc. announced that it had reached a deal to buy Karlsruhe
Information Technology Systems -Kites GmbH, a firm specializing in
real-time machine translation solutions.
- In April 2021, Intrado
Corporation introduced the SD-WAN Thin Edge, which was created in
partnership with Infiot, a company that specializes in remote-first
applications. It is intended for use with LTE cellular networks to connect
distant workers, fixed and mobile locations, and IoT devices.
- In February
2020, Logitech revealed that their new future Zone Wired headset would
expand its video conferencing options for the entire workplace while also
enhancing the personal workstation. With the addition of this new headset,
Logitech offers a comprehensive modern portfolio of both wired and wireless
headsets, allowing customers to select the best option for their needs.
- In December
2020, Intrado Corporation, a provider of patient engagement solutions
for hospitals, medical offices, and health systems, acquired Asparia, Inc.
Market Segments Covered in Healthcare Video Conferencing Solutions Market
Analysis
By Deployment Mode:
- On-premise
- Cloud-based
By Component:
- Software
- Hardware
- Services
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