The clinical communication and collaboration software global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Clinical Communication And Collaboration Software Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The clinical communication and collaboration software market size has grown rapidly in recent years. It will grow from $1.64 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 18.5%. The growth in the historical period can be attributed to growing investments in healthcare IT(information technology), adoption of mobile health (mHealth) solutions, growth of telemedicine and virtual care, Growing focus on patient-centric care, and the demand for secure and compliant solutions.
The clinical communication and collaboration software market size is expected to see rapid growth in the next few years. It will grow to $3.84 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to the increasing adoption of smart technologies in the healthcare sector, demand for cloud-based storage, growing cases of cancer, cardiovascular, and diabetes, growing focus on patient-centric care, and rising healthcare spending. Major trends in the forecast period include technological advancements, new product innovation, expanding geriatric population, strategic partnerships, business expansions and acquisitions, and the integration of AI(artificial intelligence) and IoT(Internet of Things) in various fields of healthcare structure.
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Scope Of Clinical Communication And Collaboration Software Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Clinical Communication And Collaboration Software Market Overview
Market Drivers –
The rising adoption of digital technologies is expected to propel the growth of the clinical communication and collaboration software markets going forward. Digital technologies encompass electronic tools and systems that manage, store, or process data, such as computers, mobile devices or applications, cloud computing, and artificial intelligence (AI). The increase in digital technology adoption is largely driven by the need for businesses to boost efficiency and stay competitive, allowing them to streamline operations and make better decisions. Digital technologies boost clinical communication and collaboration software by enabling instant data sharing, integrating multiple digital platforms, and improving patient information management, which helps healthcare professionals coordinate better and enhance patient care. For instance, in January 2022, according to AI activity in UK businesses report published by the Capital Economics for the Department for Digital, Culture, Media, and Sport (DCMS), a UK-based government department, the adoption rate rose from 15.1% in 2020 to 22.7% by 2025, resulting in an additional 267,000 businesses incorporating AI into their operations. Therefore, the rising adoption of digital technologies is driving the growth of the clinical communication and collaboration software market.
Market Trends –
Major companies operating in the clinical communication and collaboration software market are focusing on developing platforms for patient monitoring, community care, and augmented reality to enhance real-time care delivery and improve healthcare outcomes. A platform for patient monitoring, community care, and augmented reality refers to an integrated digital solution that enables real-time health tracking, supports coordinated care across communities, and uses AR technology to enhance patient engagement and clinical workflows. For instance, in June 2024, Mitel Networks Corporation, a US-based cloud computing company that specializes in providing software solutions, launched Virtual Care and Collaboration Service (VCCS), a platform specifically designed to enhance digital healthcare services. Initially launched in seven European countries, including the UK, France, and Italy, the company plans to extend its reach globally by the end of the year. VCCS aims to streamline patient-centered care by providing secure, digital video consultations alongside integrated communication features such as voice and video calls, messaging, screen sharing, and file sharing. These tools are user-friendly and don’t require additional software installations. By seamlessly integrating into existing healthcare workflows, the platform helps improve both operational efficiency and patient outcomes for providers.
The clinical communication and collaboration software market covered in this report is segmented –
1) By Type: Cloud Based, Web Based
2) By Functionality: Secure Messaging, Medical Alerts And Alarms, Mobile Health Integration
3) By Application: Clinical Workflows, Administrative Workflows
4) By End User: Hospitals, Clinics And Ambulatory Settings, Long-Term Care Facilities
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Regional Insights –
North America was the largest region in the clinical communication and collaboration software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the clinical communication and collaboration software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the clinical communication and collaboration software market are Microsoft Corporation, Oracle Corporation, Hill-Rom Holdings Inc., Everbridge Inc., Ascom Holding AG, Vocera Communications Inc., Spok Holdings Inc., Imprivata Inc., Symplr, PerfectServe Inc., QliqSOFT Inc., Voalte Inc., Agnity Inc., Telmediq Inc., AMTELCO, PatientSafe Solutions Inc., OnPage Corporation, TigerConnect Inc., NHSmail, Pulsara Inc., Mobile Heartbeat Inc.
Table of Contents
1. Executive Summary
2. Clinical Communication And Collaboration Software Market Report Structure
3. Clinical Communication And Collaboration Software Market Trends And Strategies
4. Clinical Communication And Collaboration Software Market – Macro Economic Scenario
5. Clinical Communication And Collaboration Software Market Size And Growth
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27. Clinical Communication And Collaboration Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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