Double Digit Growth Expected for the United States Healthcare Video Conferencing Market
San Antonio, TX – A new analysis by Verify Markets shows the United States Healthcare Video Conferencing Market was valued over $240 million in 2015 and is expected to reach revenues over $1.1 billion by 2022 (http://www.verifymarkets.com/products/2016-united-states-healthcare-video-conferencing-market) with a CAGR of 24.3 percent during the forecast period. Video conferencing has enabled efficient and convenient access to healthcare services across the United States.
Increasing demand for prompt healthcare services and rising costs have led to the growing demand for video conferencing technology in the healthcare industry. Video conferencing is being adopted by various end users in the healthcare industry including hospital systems, healthcare providers, and patients, among others. Healthcare organizations have embraced video conferencing technology in order to achieve higher accessibility and availability of healthcare services in the U.S. Some of the key factors driving the growth of this market include the flexibility and scalability offered by cloud based video conferencing services. Such benefits have enabled healthcare providers to seamlessly integrate video capabilities into their existing workflows. However, there are high costs associated with deploying high-end video conferencing solutions that is hindering growth for the U.S healthcare video conferencing market.
The U.S. healthcare video conferencing market has been segmented on the basis of applications into virtual healthcare services, education and training, acute and emergency care and remote monitoring. In recent years, video conferencing providers have witnessed increasing demand from various virtual healthcare service providers.
The market is largely dominated by hardware based video conferencing solutions, however cloud based solutions are emerging as an alternative to deliver cost efficient and scalable video conferencing solutions to the healthcare industry. Major hospital systems in the U.S. are adopting video conferencing solutions to deliver reliable and effective healthcare services. With the rise of new entrants in the cloud based solutions segment, the market has become highly fragmented in recent years.
Some of the key players covered in this report include Cisco Systems, Inc., Polycom, Inc., Vidyo, Inc., Lifesize, Inc., Blue Jeans Network, Inc., Zoom Video Communication, Inc., VSee Lab, LLC and Avaya, Inc.
This report provides an in-depth analysis of the overall U.S. healthcare video conferencing market. The report captures growth drivers, restraints, trends, market landscape, and provides strategic recommendations.