Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.42 Billion | USD 7.09 Billion | 12.68% | 2023 |
The global Clinical Communication & Collaboration Market size was valued at USD 2.42 Billion in 2023 and is predicted to reach USD 7.09 Billion by the end of 2032. The market is expected to grow with a CAGR of 12.68% during the forecast period. The report analyzes the global Clinical Communication & Collaboration Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Clinical Communication & Collaboration industry.
Clinical communication & collaboration are the key solutions leveraged for various coordinating activities amongst nurses, clinicians, physicians, and other hospital staff. They are primarily utilized by clinical laboratories and hospitals to lessen response times across these settings. These solutions can be utilized to fill the communication gap between patients and hospital organizations, by including patient feedback and discharge time information.
The new data-driven technologies have been encouraging digitalization and promoting automation across the healthcare industry, accelerating the global clinical communication & collaboration market. Enhanced clinical mobility, alongside the rising adoption of telemedicine, has transformed the healthcare infrastructure by improving patient care, creating workflow efficiency, facilitating better use of limited resources, and eliminating error-prone manual procedures. The replacement of traditional systems with digital solutions has enabled the culmination of streamlined processes, enhanced patient care quality, and expanded patient identification accuracy.
Another prominent growth factor responsible for the progress of the global clinical communication & collaboration market is the collaborative tools that have assisted in capturing and transferring the relevant data in real-time by minimizing errors. The rising utilization of smart devices such as smartphones and handheld devices designed especially for the healthcare ecosystems has been delivering great benefits to the patients by boosting patient recovery rates. These solutions have improved the communication between the care teams, ensured timely completing of administrative tasks, and enabled better access to medical records.
Moreover, Artificial Intelligence (AI) services as part of the telemedicine services has been fueling the global clinical communication & collaboration market to enhance the healthcare systems. Al-led telemedicine is anticipated to disrupt clinical practice and the patient care delivery system's whole value chain by offering new models of care as well as support in finding the right medical professional, using predictive analysis. All of these factors are projected to drive the market growth during the forecast period.
Report Attributes | Report Details |
---|---|
Report Name | Clinical Communication & Collaboration Market |
Market Size in 2023 | USD 2.42 Billion |
Market Forecast in 2032 | USD 7.09 Billion |
Growth Rate | CAGR of 12.68% |
Number of Pages | 201 |
Key Companies Covered | TigerText, TigerConnect Inc., Jive Software, Patientsafe Solutions, NEC Corporation, Vocera Communications Inc., Hill Room Services Inc., Cisco Systems Inc., PerfectServe Inc., Ashfield Healthcare Communication, Intelligent Business Communication, Intel Corporation, Cerner Corporation, Spok Inc., Avaya Inc., Halo Health, Plantronics Inc., AGNITY Global Inc., Microsoft Corporation, Ascom Holding AG, Everbridge, Uniphy Health Holding LLC, and other prominent players |
Segments Covered | By End-User, By Component Type, By Deployment Type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The global clinical communication & collaboration market is categorized into type, end-user, content type, deployment type, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
On the basis of component type, the global market is segregated into software and services.
Based on the deployment type, the market is segmented into on-premise and cloud-based segments. The cloud-enabled clinical communication & collaboration solutions are expected to witness an uptick in demand through the next decade.
As per the end-user type, the market is bifurcated into clinical laboratories, hospitals, physicians, and other types.
On the basis of component type, the global clinical communication & collaboration market is segmented into text, voice, video, and other types. The video component segment is slated to demonstrate a soaring use across clinical and healthcare settings, thanks to the availability of 5G networks, high resolution devices, and the need for video monitoring of patients.
The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
North America has been recording a spiraling increase in utilization of these solutions, especially since the outbreak of the COVID-19 pandemic. The forecast period will create significant opportunities on account of the increasing healthcare spending as well as the advanced implementation of these solutions in the U.S., which has enabled the region to accomplish digital healthcare goals. Canada might also emerge as a key contributor in the overall global clinical communication & collaboration market.
Asia Pacific region can also be seen as a leading region through the forecast period, owing to the support of telemedicine platforms made available to the public by the governments of various countries. India, Japan, and China are expected to accelerate the expansion of the global clinical communication & collaboration market over the forecast timeframe, steered by the rising number of hospitals & laboratories and increased research activities. The organizations in the region have been utilizing cloud-based collaboration platforms to drive agility and speed in the administrative, back-end, and clinical environments. These collaboration tools also help in promoting the privacy and security of the patients.
The various major market players prevalent in the global clinical communication & collaboration market are:
By Deployment
By Component
By End-use
FrequentlyAsked Questions
Clinical communication & collaboration are the key solutions leveraged for various coordinating activities amongst nurses, clinicians, physicians, and other hospital staff. They are primarily utilized by clinical laboratories and hospitals to lessen response times across these settings. These solutions can be utilized to fill the communication gap between patients and hospital organizations, by including patient feedback and discharge time information.
The Clinical Communication & Collaboration Market was valued at USD 2.42 Billion in 2023.
The Clinical Communication & Collaboration Market is expected to reach USD 7.09 Billion by 2032, growing at a CAGR of of 12.68% between 2024 to 2032.
The new data-driven technologies have been encouraging digitalization and promoting automation across the healthcare industry, accelerating the global clinical communication & collaboration market. Enhanced clinical mobility, alongside the rising adoption of telemedicine, has transformed the healthcare infrastructure by improving patient care, creating workflow efficiency, facilitating better use of limited resources, and eliminating error-prone manual procedures. The replacement of traditional systems with digital solutions has enabled the culmination of streamlined processes, enhanced patient care quality, and expanded patient identification accuracy.
Global Clinical Communication & Collaboration Market players such as TigerText, TigerConnect Inc., Jive Software, Patientsafe Solutions, NEC Corporation, Vocera Communications Inc., Hill Room Services Inc., Cisco Systems Inc., PerfectServe Inc., Ashfield Healthcare Communication, Intelligent Business Communication, Intel Corporation, Cerner Corporation, Spok Inc., Avaya Inc., Halo Health, Plantronics Inc., AGNITY Global Inc., Microsoft Corporation, Ascom Holding AG, Everbridge, Uniphy Health Holding LLC, and other prominent players.
The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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