Healthcare Video Conferencing Solutions Market Size to Record US$ 120.46 Mn through 2030

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The global healthcare video conferencing solutions market size is expected to be worth around US$ 120.46 million by 2030, according to a new report by Vision Research Reports.

The global healthcare video conferencing solutions market size was valued at US$ 79.97 Million in 2020 and is anticipated to grow at a CAGR of 8.9% during forecast period 2021 to 2030.

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Healthcare Video Conferencing Solutions Market (By Deployment Mode: On-premise, Cloud-based; By Component: Software, Hardware, Services) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Report Coverage

Report Scope Details
Market Size USD 120.46 Million by 2030
Growth Rate CAGR of 8.9% From 2021 to 2030
Base Year 2021
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Deployment mode, Component
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Adobe; Pexip AS; Zoom Video Communications, Inc.; Intrado Corporation; Vidyo, Inc.; Plantronics, Inc.; Logitech; Huawei Technologies Co., Ltd.; Cisco; Avaya Inc.

Growth Factors

 The growing adoption of telemedicine solutions and technological advancements, such as the introduction of 5G technology, is expected to boost the market growth. Furthermore, robust urbanization is anticipated to boost market growth. During the COVID-19 pandemic, demand for remote solutions increased as they aided in reducing the contact of patients with healthcare facilities and their staff. These remote solutions include healthcare video conferencing solutions. They helped doctors to work during the pandemic by catering to their patients. These factors positively influenced the market growth.

Report Highlights

The on-premise segment accounted for the largest revenue share of over 58.0% in 2020. The segment growth is attributed to the growing adoption of on-premise deployment by various organizations, especially large-scale organizations, as they have increasing concerns related to data theft and efficient maintenance of information security systems. Furthermore, the high penetration of these solutions is anticipated to fuel the market growth.

 The cloud-based segment is expected to expand at the fastest growth rate of 6.1% over the forecast period. Cloud-based solutions provide increased accessibility to the end users by allowing easy access for video conferencing services through various channels, such as mobile devices and laptops.

The hardware segment accounted for the largest revenue share of more than 48.0% in 2020. The segment growth is attributed to the growing adoption and development of endpoints such as smartphones, desktops, and laptops equipped with microphones, speakers, and high-resolution cameras. Various general physicians have also implemented the work from a home model, which has further led to the reduction in demand for and investments in the enterprise-based hardware, which has further increased the investment by companies for the development of individual products, instead of enterprise hardware.

North America accounted for the largest revenue share of over 40.0% in 2020. The growth of this regional market is due to the high adoption of video conferencing solutions in the healthcare industry of the region. In addition, increasing demand for continuous access to high-quality virtual meetings of doctors with patients is anticipated to boost the market growth. Furthermore, the presence of major market players in the region, especially in the U.S., is expected to fuel the market growth.

Key Players

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

Market Segmentation

  • Deployment Mode
    • On-premise
    • Cloud-based
  • Component
    • Software
    • Hardware
    • Services
  • Regional
    • 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

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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