Global Healthcare Video Conferencing Solutions Market Report and Forecast 2024-2032

Global Healthcare Video Conferencing Solutions Market Outlook

The healthcare video conferencing solutions market size was valued at USD 90.3 billion in 2023, driven by the increased prevalence of remote medical consultations across the globe. The market is expected to grow at a CAGR of 5.2% during the forecast period of 2024-2032, with the values likely to rise from USD 95.0 billion in 2024 to USD 142.6 billion by 2032.

Global Healthcare Video Conferencing Solutions: Introduction

Healthcare video conferencing solutions is the facility of providing remote medical consultations from healthcare professionals to patient through video chats. It includes features like telemedicine appointments, medical record sharing, and virtual health monitoring.

Healthcare video conferencing solutions have become a vital part of the medical ecosystem, particularly after the sudden outbreak of COVID-19. It allows secure, real-time video, and audio interactions between patients and providers, enabling access to quality consultancy, especially in remote areas.

Global Healthcare Video Conferencing Solutions Market Analysis

Healthcare video conferencing is a revolutionary solution that has facilitated remote consulting between doctors and patients. This system has gained high popularity owing to its affordability for both doctors and patients. Healthcare video conferencing allows interaction between healthcare professionals, enabling them to easily share medical records, discuss treatment plans, and consult among each other despite being at different geographical locations. Thus, healthcare video conferencing solutions market demand has grown in the historic period.

With the establishment of HIPPA (Health Insurance Portability and Accountability) Act, patients feel more comfortable with video consultation as they are the sure about their privacy. VSee, Doxy.me and Zoom for healthcare are some of the common tools that have emerged in the market. These tools offer end to end encryption for complete patient privacy.

The healthcare video conferencing solutions market growth is also fuelled with artificial intelligence and machine learning integration in healthcare. For instance, Welltok is an AI system developed by a US-based company which helps real time analysis of doctor and patient interactions. It’s AI chatbot Concierge, may help increase efficiency, offer cost transparency, along with directing patients to affordable alternatives.

Artificial intelligence also helps in offering virtual nursing assistants. NurseWise is a virtual nursing assistant app, which uses a natural language processing (NLP) to comprehend patient queries and answer with the help of electronic health records. With technological advancements, the market value will rise in the future.

Global Healthcare Video Conferencing Solutions Market Segmentation

Market Breakup by Component

• Hardware

• Software

Market Breakup by Deployment Mode

• On-Premises

• Cloud-Based

Market Breakup by Applications

• Telemedicine

• Training and Education

• Administration and Collaboration

• Others

Market Breakup by End User

• Hospitals

• Clinics and Ambulatory Centres

• Telehealth Providers

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Healthcare Video Conferencing Solutions Market Overview

The outbreak of COVID-19 has propelled major preference towards video conferencing solutions to curb the burden of staff shortage and to avoid the risk of contamination. With a technically developed and digitally equipped medical ecosystem, the United States has dominated the healthcare video conferencing solutions market share. The rising prevalence of tele-ICU and guided surgeries is also driving the intensive demand of video conferencing in the region.

Europe with a prominent healthcare system is also anticipated to lead the market. The strong ties between healthcare providers and research institutions is leading to significant development of novel techniques to improve such services.

Asia Pacific is also experiencing a rising adoption of digitisation, as a result, the region is anticipated to witness rapid growth. The Ayushman Bharat Digital Mission, launched by the Indian government, is one common example, demonstrating the on-going acceptance and development towards enabling the digitally driven infrastructure. Such initiatives will add further value to the healthcare video conferencing solutions market size in the future.

Global Healthcare Video Conferencing Solutions Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• Adobe

• Pexip AS

• Zoom Video Communications, Inc.

• Intrado Corporation

• Vidyo, Inc.

• Plantronics, Inc.

• Logitech

• Huawei Technologies Co., Ltd.

• Cisco

• Avaya Inc.

Key Highlights of the Report