According to a newly published Future Market Insights study, the Healthcare Video Conferencing Solutions Market revenues were projected at US$ 87 million in 2022 and are expected to increase at a CAGR of 5.5% from 2023 to 2033. The market is predicted to reach US$ 156.7 million by the end of 2033. During the projected period, revenue from on-premise installed healthcare video conferencing solutions is expected to expand at a CAGR of 5.6%.
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The market for healthcare video conferencing solutions is expected to expand rapidly as a result of technological improvements such as the introduction of 5G technology and the increased adoption of telemedicine resolutions.
Technical breakthroughs introduced by numerous enterprises, particularly during Covid-19, greatly influenced the market’s development. The healthcare industry, like many others, has a wide range of video conferencing needs, including low power, very low latency, fantastic speed, and increased bandwidth. This is due to the proliferation of data-intensive applications such as video applications, virtual reality, and augmented reality.
In 2022, North America will have a sizable proportion of the worldwide healthcare video conferencing solutions market. Regional market growth has resulted from the rising acceptance of video-conferencing technology in the healthcare industry.
The market is predicted to rise due to increased demand for continuous access to high-end virtual doctor-patient conferences. The presence of major firms in the region is expected to boost market growth.
Competitive Landscape
Key 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, and Avaya Inc.
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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.
More Insights Available
Future Market Insights, in its new offering, presents an unbiased analysis of the Healthcare Video Conferencing Solutions Market, presenting historical market data (2018 to 2022) and forecast statistics for the period of 2023 to 2033.
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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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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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