The secure messaging in healthcare 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.
Secure Messaging In Healthcare 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 secure messaging in healthcare market size has grown rapidly in recent years. It will grow from $0.70 billion in 2023 to $0.83 billion in 2024 at a compound annual growth rate (CAGR) of 18.9%. The growth in the historic period can be attributed to regulatory compliance and data security, rising cybersecurity threats, widespread adoption of electronic health records, growing demand for telehealth and remote patient care, and the increasing complexity of patient care.
The secure messaging in healthcare market size is expected to see rapid growth in the next few years. It will grow to $1.67 billion in 2028 at a compound annual growth rate (CAGR) of 19.1%. The growth in the forecast period can be attributed to an increased focus on patient data privacy, expansion of remote and hybrid work models, growing adoption of mobile health apps, the emergence of value-based care models, and healthcare digital transformation initiatives. Major trends in the forecast period include the expansion of cloud-based solutions, enhanced focus on user experience, adoption of blockchain for enhanced security, adoption of blockchain for enhanced security, focus on personalized patient engagement, and expansion of secure messaging beyond clinical settings.
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Scope Of Secure Messaging In Healthcare 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.
Secure Messaging In Healthcare Market Overview
Market Drivers –
The rising cases of data breaches in the healthcare industry are expected to propel the growth of secure messaging in the healthcare market going forward. Data breaches in the healthcare industry involve unauthorized access, disclosure, or theft of sensitive patient information, including medical records, personal data, and financial details, compromising patient privacy and security. The rising cases of data breaches in the healthcare industry are primarily driven by increased digitization of health records, inadequate cybersecurity measures, the high value of medical data on the black market, and the growing sophistication of cyberattacks targeting vulnerable healthcare systems. Secure messaging in healthcare helps mitigate data breaches by ensuring that sensitive patient information is transmitted through encrypted and secure channels, reducing the risk of unauthorized access. For instance, in July 2024, according to the HIPAA Journal, a US-based comprehensive online resource dedicated to news and information related to the Health Insurance Portability and Accountability Act (HIPAA), in January 2024, A total of 61 data breaches involving 500 or more records were reported to the U.S. Department of Health and Human Services (HHS) Office for Civil Rights (OCR), reflecting a 22% decrease in reported breaches compared to the previous month. Therefore, the rising cases of data breaches in the healthcare industry are driving the growth of secure messaging in the healthcare market.
Market Trends –
Major companies operating in secure messaging in healthcare market are focusing on developing advanced solutions, such as secure messaging apps, to revolutionize healthcare communication. Secure messaging apps are communication tools that use encryption to protect messages, ensuring that only intended recipients can read the content, thus maintaining privacy and preventing unauthorized access. For instance, in May 2024, Lumeca Health Inc., a Canada-based software company, launched Lumeca Messages, a secure messaging app designed for healthcare professionals that offers end-to-end encryption to protect patient communications. It features real-time messaging, secure file sharing, and seamless integration with electronic health records (EHRs), ensuring that all patient interactions comply with healthcare privacy regulations. The app also provides a user-friendly interface with features such as message tagging and read receipts to enhance communication efficiency within healthcare teams.
The secure messaging in healthcare market covered in this report is segmented –
1) By Type: Medical Compliance, Direct Secure Messaging, Secure File Transfer, Secure Forms Processing, Secure Patient Information
2) By Component: Software, Services
3) By Application: Hospitals, Clinics, Nursing Homes, Long Term Care, Ambulatory Surgery Centers (ASCs) And Trauma Centers, Rehabilitation Centers, Home Healthcare
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Regional Insights –
North America was the largest region in the secure messaging in healthcare market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the secure messaging in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the secure messaging in healthcare market are Stryker Corporation, Doximity, Imprivata Inc., Jive Software LLC, Spok Holdings Inc., symplr Software LLC, PerfectServe Inc., Relatient LLC, Artera, TigerConnect Inc., QliqSOFT Inc., Virtru Corp, CipherHealth Inc., Luma Health Inc., OhMD Inc., Updox LLC, Medchat LLC, Paubox Inc., Kno2 LLC, Scrypt Inc., Telmediq Inc., CareWire Inc., Medigram Inc., Messagenius, Spruce Health Inc., DrFirst Inc.
Table of Contents
1. Executive Summary
2. Secure Messaging In Healthcare Market Characteristics
3. Secure Messaging In Healthcare Market Trends And Strategies
4. Secure Messaging In Healthcare Market – Macro Economic Scenario
5. Global Secure Messaging In Healthcare Market Size and Growth
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32. Global Secure Messaging In Healthcare Market Competitive Benchmarking
33. Global Secure Messaging In Healthcare Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Secure Messaging In Healthcare Market
35. Secure Messaging In Healthcare Market Future Outlook and Potential Analysis
36. Appendix
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