North America Healthcare Video Conferencing Solutions Market By Component (Hardware, Software and Services), By Deployment Mode (On-premise and Cloud-based), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the North America Healthcare Video Conferencing Solutions Market
Market Report Description
The North America Healthcare Video Conferencing Solutions Market would witness market growth of 5.9% CAGR during the forecast period (2021-2027).
Video conferencing is a video communication technology, which enables users from varied locations to attend face-to-face meetings in real-time. The healthcare video conferencing is conceptualized with an aim to provide medical care regardless of the location of medical patients or healthcare clinics or hospitals. The developments in IT infrastructure and telecommunication have increased the usage of video conferencing technology, hence augmenting the growth of market in the coming years.
The healthcare video conferencing solutions market would witness significant growth, owing to the rising implementation of telemedicine solutions, improvements in technologies like the launch of 5G technology, and growing urbanization. The healthcare video conferencing solution are considered as remote solutions and the demand for such remote solutions fueled during the COVID-19 pandemic as they help in minimizing the contact of healthcare facilities & their staff with patients. These solutions facilitated medical practitioners by allowing them to connect and communicate with their patients during the pandemic. Thus, these factors would offer lucrative opportunities for market growth.
North America is a highly developed region and the healthcare video conferencing solutions market is flourishing in this region. This rise in the growth of the regional market is attributed to the growing number of patients suffering from major and minor health-related problems. In addition, people in this region follow busy and hectic schedules due to which, they are not able to visit hospitals or clinics at the given time. So, people have found video conferencing a better way to communicate with a doctor without having to visit a hospital physically.
Additionally, the healthcare service providers in this region are excessively adopting video conferencing solutions, thereby boosting the growth of the market. Moreover, the growing popularity of these solutions is attracting a high number of people towards it. Further, the demand for healthcare infrastructure deployment of video conferencing solutions is growing in this region. Thus, it is anticipated that the regional healthcare video conferencing solutions market in North America would witness bright growth prospects during the forecast period.
The US market dominated the North America Software Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $10,535.6 Thousands by 2027. The Canada market is experiencing a CAGR of 8.1% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 7.2% during (2021 - 2027).
Based on Component, the market is segmented into Hardware, Software and Services. Based on Deployment Mode, the market is segmented into On-premise and Cloud-based. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Avaya Holdings Corporation, Plantronics, Inc. (Polycom, Inc.), Adobe, Inc., Zoom Video Communications, Inc., Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Logitech International S.A., Pexip AS, Intrado Corporation (Apollo Global Management), and Vidyo, Inc. (Enghouse Systems Ltd.).
Scope of the Study
Market Segments Covered in the Report:
By Deployment Mode
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Cisco Systems, Inc.
- Avaya Holdings Corporation
- Plantronics, Inc. (Polycom, Inc.)
- Adobe, Inc.
- Zoom Video Communications, Inc.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Logitech International S.A.
- Pexip AS
- Intrado Corporation (Apollo Global Management)
- Vidyo, Inc. (Enghouse Systems Ltd.)
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