by The global clinical communication and collaboration market size is forecasted to reach from US$ 1.5 billion in 2021 to US$ 4.2 billion by 2030, growing at a CAGR of 11.6% from 2021 to 2030, as per reports by market research and consulting organization Precedence Research.
The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030. The clinical communication and collaboration market is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit). The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.
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The global clinical communication and collaboration market is primarily driven by the rising need for the effective communication systems in healthcare sector to eliminate the medical errors that occur due to lack of effective communication. The CC&C market is significantly driven by the availability of several features at a single platform. The CC&C systems integrates the medical alarming, text messaging, and video communication at a single platform that helps in effective communication among the hospital staffs. This one stop solution is expected to boost its adoption in clinics and hospitals during the forecast period.
Moreover, the rising number of hospital admissions owing to the rising prevalence of chronic diseases and growing geriatric population is boosting the demand for maintaining proper patient related data and its quick access as and when needed. The CC&C provides an improved means of communication, which in turn increases the operational efficiency of the hospitals and clinics.
Technological advancements introduced in the clinical communication and collaboration systems is expected to drive the demand in the forthcoming years. The installation of new technologies such as Bluetooth connectivity, artificial intelligence (AI), and internet of things (IoT) enables the healthcare staffs to remotely use the CC&C systems from their smartphones. These technologies will also enable to keep a track of the latest and past medical history of the patients that can provide useful information regarding the patient’s treatment in future. Therefore, these latest features may increase the efficiency of the hospital and can contribute towards the betterment of the patient care.
With increased adoption of CC&C systems in hospitals and clinics, the physical interaction between healthcare members and the patients is expected to decrease, while there would be anincreased virtual communication. This may increase the risk of the medical errors due to the lack of proper communication and hence, this is a major challenge to the market players.
North America dominated the global clinical communication and collaboration market in 2020. The developed healthcare infrastructure facilitates the adoption of advanced technologies in order to improve the operational efficiency of the hospitals. The growing number of patients in North America is a major factor that boosts the adoption of CC&C in the hospitals and clinics in the region.According to the CDC, in 2019, there were 45 million outpatient surgeries, over 900 million physician visits, and 155 million emergency department visits in US.
Asia Pacific is estimated to be the most opportunistic market during the forecast period. This is majorly due to the increased investments in the urbanization and healthcare infrastructure development activities. Further, the untapped markets in this region provides promising opportunities to the market players. Moreover, the nations such as Australia, Indonesia, and Singapore have witnessed a rapid traction in the adoption of digital healthcare platforms in the recent years. Telemedicine has played a significant role in the surging popularity of the digital health platforms. Therefore, rising popularity of digital and advanced systems is expected to drive the market growth in this region in the foreseeable future.
Based on component, the solution segment dominated the market in 2020.The integration of advanced alarm system, text messaging, alerts and notification system, and video communication in a single platform. Further, the introduction of IoT is the trending technology introduced that is expected to drive the growth of this segment during the forecast period.
Based on end use, the clinics segment is expected to be the fastest-growing segment, owing to the increased number of physician visits and rising number of private clinics across the developed and developing regions. The increasing demand for the healthcare services is boosting the growth of the clinics.
Based on deployment, the hosted segment is expected to be the fastest-growing segment. This can be attributed to the rapidly surging adoption of the cloud-based storage services across the globe due to its low cost. Further, the cloud-based storage allows quicker access to data and helps in real-time data sharing that might play a critical role in serving the patients efficiently. Hence, this segment is expected to grow rapidly during the forecast period.
In July 2021, Vocera Communications, Inc., introduced Vocera Edge, a cloud-based clinical communication and collaboration software for the smartphones that enables the healthcare system to efficiently access electronic health record and improves communication among the doctors and staffs. The various developmental strategies like new product launches with latest and innovative features fosters market growth and offers lucrative growth opportunities to the market players.
Competitive Intelligence
The report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation and so on.
Some of the prominent players in the global clinical communication and collaboration market are listed as below:
- Vocera Communications, Inc.
- Jive Sotware
- Microsoft Corporation
- Everbridge
- Ascom
- TigerConnect
- Cisco Systems Inc.
- UDG Healthcare PLC
- Spok Inc.
- NEC Corporation
- Intelligent Business Communication
- Voalte
Segments Covered in the Report
By Component
- Solution
- Service
By End Use
- Hospitals
- Clinics
By Deployment
- Hosted
- On-Premise
Regional Segmentation
– North America (U.S. and Canada)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
– Latin America (Brazil and Rest of Latin America)
– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Why should you invest in this report?
If you are aiming to enter the global clinical communication and collaboration market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for clinical communication and collaboration are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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