SAN ANTONIO, Sept. 20, 2016 (GLOBE NEWSWIRE) -- A new analysis by Verify Markets shows the Asia Pacific Healthcare Video Conferencing Market was valued at $133.3 million in 2015 and is expected to reach revenues over $668.4 million by 2022, growing at a CAGR of 25.9 percent during the forecast period (http://www.verifymarkets.com/products/asia-pacific-healthcare-video-conferencing-market). Significant developments in the mobile and broadband industry all across the Asia Pacific region have led to the increased adoption of video conferencing solutions within healthcare organizations. With the use of video conferencing solutions, healthcare providers have been successful in enhancing the reach, availability, and accessibility of healthcare services to various remote regions. Moreover, with teleconsultation and remote monitoring, healthcare organizations have been able to lower healthcare costs and achieve higher patient satisfaction among users. However, lack of progressive policies and absence of effective regulations and reimbursement models pose major challenges in the growth of healthcare video conferencing market in the Asia Pacific region.
With the increasing adoption of video conferencing solutions in the healthcare industry, care delivery models in some of the major countries in the Asia Pacific region have changed significantly in the recent years. Some of the major challenges, such as increasing instances of chronic diseases, aging population and rising healthcare costs, demand innovative care delivery models in the healthcare industry. In addition, favorable adoption of advanced technologies among healthcare service providers and consumers has been encouraging vendors to develop innovative healthcare solutions.
For this research, the overall Asia Pacific healthcare video conferencing market has been segmented into applications including acute and emergency care, virtual healthcare services, remote monitoring, and education and training segments. In 2015, the acute and emergency care application segment held the largest market share in the overall Asia Pacific market due to its increasing adoption in hospitals and specialty clinics. Technological advancements and favorable investments towards increasing access to broadband Internet, such as 3G and 4G, among others in major countries in the Asia Pacific region, have boosted the adoption of video conferencing solutions in the recent years.
With the transformation in the deployment models of video conferencing solutions from traditional hardware-based infrastructure to cloud-based platforms, new vendors have emerged offering highly scalable and easy to deploy video conferencing networks. Therefore, numerous healthcare organizations have been able to offer effective and affordable virtual healthcare and remote monitoring services to their patients. In addition, favorable government support and efforts towards drafting effective governing policies regarding the use of video conferencing in healthcare services would provide further growth to the market in the Asia Pacific region.
Some of the key companies covered in this report include Cisco Systems, Inc., Polycom, Inc., Vidyo, Inc., Lifesize, Inc., Blue Jeans Network, Inc., Zoom Video Communication, Inc., ZTE Corporation, Huawei Technologies Co. Ltd., VSee Lab, LLC and Avaya, Inc. This report provides an in-depth analysis of the overall Asia Pacific healthcare video conferencing market. The report captures various market dynamics such as growth drivers, restraints, trends, market landscape, and provides strategic recommendations. Countries covered include China, Australia, Singapore, Malaysia, South Korea and India.
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Source: Verify Markets