The global Healthcare Video Conferencing Solutions market gathered revenue around USD 75 .4 Million in 2020 and market is set to grow USD 112 Million by the end of 2027 and is estimated to expand at a modest CAGR of 4.0% during the prediction period 2021 to 2027.
Growth Factors:
The market key factors driving the market include robust urbanization and increasing penetration of telemedicine solutions. Furthermore, technological advancements by market players are anticipated to positively influence the market growth.
Market players witnessed tremendous growth in their revenues during the COVID-19 pandemic due to the increased demand for their video conferencing solutions. For instance, Adobe observed a 15% increase, and Pexip LLC witnessed around a 54.5% increase in their revenues from 2019 to 2020. However, they are not certain regarding the demand for their video conferencing solutions after the pandemic. For instance, Zoom Video Communications, Inc. in its 2020’s annual report stated that as the COVID-19 pandemic is getting curbed due to the widespread availability of vaccinations, it might result in a decline in paid hosts and users as people/patients will no longer be required to stay at home and they can directly visit the clinics and hospitals for the treatment of their medical problems.
Investments by major companies to launch new technologically advanced products in the market are expected to fuel the market growth. For instance, in April 2021, Intrado Corporation launched the SD-WAN Thin Edge, which is developed in collaboration with Infiot, which develops solutions for remote-first applications. It is designed for connecting remote workers, fixed and mobile sites, and IoT devices over LTE cellular networks.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Healthcare Video Conferencing Solutions market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Healthcare Video Conferencing Solutions market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
Report Scope | Details |
Market Size | USD 112 Million by 2027 |
Growth Rate | CAR 4.0% From 2021 to 2027 |
Base Year | 2020 |
Forecast Period | 2021 to 2027 |
Largest Market | North America |
Fastest Growing Market | Asia Pacific |
Segments Covered | Deployment mode, component and Region |
Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
Companies Mentioned | Adobe; Pexip AS; Zoom Video Communications, Inc.; Intrado Corporation; Vidyo, Inc.; Plantronics, Inc.; Logitech; Huawei Technologies Co., Ltd.; Cisco; Avaya Inc.. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Healthcare Video Conferencing Solutions market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Regional analysis:
North America accounted for the largest revenue share of over 36.1% 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.
The Asia Pacific region is expected to grow at a significant rate over the forecast period owing to the advancements in mobile broadband technologies, such as WiMAX and High-Speed Downlink Packed-Access (HSDPA) networks, especially in countries such as Japan and India. Furthermore, increasing awareness regarding the benefits of using video conferencing solutions in the healthcare sector is anticipated to fuel the market growth.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent 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; Avaya Inc.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Healthcare Video Conferencing Solutions market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Healthcare Video Conferencing Solutions market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Healthcare Video Conferencing Solutions markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Healthcare Video Conferencing Solutions market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Healthcare Video Conferencing Solutions Market, By Deployment Mode
7.1. Healthcare Video Conferencing Solutions Market, by Deployment Mode, 2021-2027
7.1.1. On-premise
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Cloud-based
7.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Healthcare Video Conferencing Solutions Market, By Component
8.1. Healthcare Video Conferencing Solutions Market, By Component, 2021-2027
8.1.1. Software
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Hardware
8.1.2.1. Market Revenue and Forecast (2016-2027)
8.1.3. Services
8.1.3.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Healthcare Video Conferencing Solutions Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.1.2. Market Revenue and Forecast, By Component (2016-2027)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.1.3.2. Market Revenue and Forecast, By Component (2016-2027)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.1.4.2. Market Revenue and Forecast, By Component (2016-2027)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.2.2. Market Revenue and Forecast, By Component (2016-2027)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.2.3.2. Market Revenue and Forecast, By Component (2016-2027)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.2.4.2. Market Revenue and Forecast, By Component (2016-2027)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.2.5.2. Market Revenue and Forecast, By Component (2016-2027)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.2.6.2. Market Revenue and Forecast, By Component (2016-2027)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.3.2. Market Revenue and Forecast, By Component (2016-2027)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.3.3.2. Market Revenue and Forecast, By Component (2016-2027)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.3.4.2. Market Revenue and Forecast, By Component (2016-2027)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.3.5.2. Market Revenue and Forecast, By Component (2016-2027)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.3.6.2. Market Revenue and Forecast, By Component (2016-2027)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.4.2. Market Revenue and Forecast, By Component (2016-2027)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.4.3.2. Market Revenue and Forecast, By Component (2016-2027)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.4.4.2. Market Revenue and Forecast, By Component (2016-2027)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.4.5.2. Market Revenue and Forecast, By Component (2016-2027)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.4.6.2. Market Revenue and Forecast, By Component (2016-2027)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.5.2. Market Revenue and Forecast, By Component (2016-2027)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.5.3.2. Market Revenue and Forecast, By Component (2016-2027)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Deployment Mode (2016-2027)
9.5.4.2. Market Revenue and Forecast, By Component (2016-2027)
Chapter 10. Company Profiles
10.1. Adobe
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Pexip AS
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Zoom Video Communications, Inc
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Intrado Corporation
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Vidyo, Inc
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Plantronics, Inc.;
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Logitech
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. Huawei Technologies Co., Ltd
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Cisco
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Avaya Inc
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms