The Asia Pacific Healthcare Video Conferencing Solutions Market would witness market growth of 7.9% CAGR during the forecast period (2021-2027).
The adoption of these solutions for on-premises comprises a complete solution that contains software and hardware. Due to this reason, the adoption of video conferencing solutions for on-premises mode is much expensive than the other modes of deployment. Audio systems, cameras, video screens, and other accessories are some of the popular hardware needed for the implementation of video conferencing solutions.
Moreover, healthcare enterprises are focusing on adopting video conferencing solutions in their premises so that they can easily start training viably, conduct online medical consultancy, and team collaboration from their enterprises.
Further, the deployment rate of cloud-based services is widely accelerating in varied applications across the world, thereby increasing its demand across the globe in the forthcoming years. The significant rise in the demand for cloud-based video conferencing solutions is attributed to its flexibility, ease of scalability, low deployment costs in comparison to the on-premises video conferencing solutions.
The healthcare video conferencing solutions market is flourishing in Asia-Pacific, owing to rising advancements in the mobile and broadband industry across this region. The healthcare providers are able to improve their accessibility, reach, and availability of healthcare services in several remote areas by making use of video conferencing solutions. Also, with the help of remote monitoring and teleconsultation through video conferencing solutions, healthcare enterprises are able to reduce healthcare costs and achieve better & satisfied results from patients.
Moreover, improvements in technologies and huge investment from large enterprises towards increasing access to broadband internet like 3G & 4G in various nations of this region have fueled the deployment of video conferencing solutions in the healthcare sector in the past few years. However, the scarcity of reimbursement models, progressive policies, and the absence of effective regulations are some of the factors hampering the growth of the healthcare video conferencing solutions market.
The Hardware market dominated the Malaysia Healthcare Video Conferencing Solutions Market by Component in 2020, thereby, achieving a market value of $691.9 Thousands by 2027. The Software market is showcasing a CAGR of 9.3% during (2021 - 2027). Additionally, The Services market is estimated to grow at the highest CAGR of 10.6% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Healthcare Video Conferencing Solutions Market is Projected to reach USD 120.3 Million by 2027, at a CAGR of 6.6%
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.).
By Component
By Deployment Mode
By Country
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