Global Clinical Communication and Collaboration Market, By Deployment (Hosted, On-premises), Components (Solution, Services), Content type (Text Clinical Communication and Collaboration, Video Communication and Collaboration, Voice Communication and Collaboration), End-Use (Hospitals, Clinical Labs, Physicians, Hotels, Retails, Correctional Facilities, Others) – Industry Trends and Forecast to 2030.
Clinical Communication and Collaboration Market Analysis and Size
Healthcare organizations have upgraded their IT infrastructure in response to the growing demand for data. Through the fact that IT administrators have more control over the actual data centers, these companies have historically been hesitant to adopt cloud-based deployment. However, the demand for on-premise solutions is anticipated to decline over the forecast period due to the high maintenance costs linked to on-premise deployments. For less money than on-premise deployments, cloud-based storage options offer a scalable and flexible environment that appeals to covered organizations. The adoption rate of clinical communication and collaboration (CC&C) has increased due to several advantages, including real-time data sharing, enhanced alarm systems, and video communication integration.
Data Bridge Market Research analyses that the clinical communication and collaboration market, valued at USD 1.6 billion in 2022, will reach USD 5.24 billion by 2030, growing at a CAGR of 15.97% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Clinical Communication and Collaboration Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Deployment (Hosted, On-premises), Components (Solution, Services), Content type (Text Clinical Communication and Collaboration, Video Communication and Collaboration, Voice Communication and Collaboration), End-Use (Hospitals, Clinical Labs, Physicians, Hotels, Retails, Correctional Facilities, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Vocera Communications (U.S.), TigerConnect. (U.S.), Intelligent Business Communication – AGNITY (U.S.), Cisco Systems, Inc. (U.S.), Jive Software (U.S.), Microsoft (U.S.), Everbridge. (U.S.), PerfectServe, Inc. (U.S.), Uniphy Health (U.S.), Inizio (Ireland), Ascom (Switzerland), NEC Corporation (Japan), Spok, Inc (U.S.), Hill-Rom Holdings, Inc., (U.S.), Oracle (U.S.), Plantronics, Inc. (U.S.), Intel Corporation (U.S.), Avaya Inc. (U.S.), G2 (U.S.), OnPage (U.S.)
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Market Opportunities
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Market Definition
Clinical collaboration and communication are standard procedures in clinical laboratories, hospitals, and many retail establishments. Patient data must increasingly be available in a centralized, knowledgeable manner as more people become concerned about their health. The healthcare industry can use these details to improve the standard and efficacy of patient care. When combined with clinical communication and collaboration tools, real-time analytics may enable healthcare organizations to assess data from various sources in a single location.
Global Clinical Communication and Collaboration Market Dynamics
Drivers
- Cutting-edge technologies in healthcare facilities have driven the market
Technology advancements have made it easier for healthcare professionals to coordinate and communicate effectively. Clinical collaboration and communication systems have several benefits, such as better care quality, easier care transitions, shorter response and waiting times, and more effective clinic care. Collaboration tools have made it easier to digitally capture information and transmit it in real-time to clinical staff by minimizing and eliminating errors. Therefore, adopting cutting-edge technologies in healthcare facilities will drive the global clinical communication and collaboration market during the forecast period.
- Frequent use of smart devices has driven the market.
The growth of the clinical communication and collaboration market during the forecast period has risen with the use of smart devices for clinical communication, hospitals, and the growing popularity of collaboration solutions. Patients can benefit significantly from these tools by having better access to their medical records, better communication with their care teams, and diligent completion of administrative tasks. Healthcare workers use mobile phones and handheld devices created specifically for the healthcare sector. As demonstrated in the past, when many clinicians utilized various communication and collaboration tools, such as pagers and cellphones, these tools helped limit the problems brought on by device fragmentation and fueled the market growth.
Opportunities
- Artificial intelligence-driven telemedicine creates market expansion.
Telemedicine services powered by artificial intelligence (AI) are a component of ongoing initiatives to enhance healthcare services. The entire value chain of the patient care delivery system and clinical practice is expected to be upended by AI-led telemedicine through new models of support and care. Predictive analytics can help telemedicine patients find specialists more quickly, and AI-led telemedicine is used to reduce hospital wait times for patients. The World Health Organization (WHO) claims that using AI in telemedicine enhances advancements in several fields, including teleradiology, telepathology, and teledermatology. With more clinics and hospitals using smart devices, clinical communication, and collaboration systems are becoming more popular worldwide..
- Cloud-based applications create the segment's expansion.
The rise of remotely located teams, which require a cloud-based platform to share, collaborate, and communicate with all locations in real time, is expected to fuel the segment's growth over the coming years. Allowing healthcare workers remote access to the platform has increased the use of cloud-based software. They can use their smartphone to access the collaborative tools through this software. Cloud-based software has improved the capability of recording events and allowing others to view them later; thus, it creates lucrative growth opportunities in the market.
Restraints/Challenges
- High maintenance costs can impede the market.
The increased importance of patient safety is expected to increase demand for clinical communication and collaboration solutions. The rise in maintenance costs associated with on-premises deployments is further anticipated to impede the growth of the clinical communication and collaboration market over the forecast period. Additionally, additional growth opportunities have increased the risk of errors in the clinical services provided to patients.
- Lack of qualified personnel limits the growth.
Despite product development and technological advancements over the past ten years, the market has been constrained by a lack of qualified personnel who can operate complex equipment like flow cytometers and multi-mode readers. Modern, highly complex technologies like flow cytometers and spectrophotometers produce a variety of data outputs that call for skillful analysis and review. However, there is still a shortage of trained workers in the world, which impedes the market demand for clinical communication and collaboration.
This clinical communication and collaboration market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the clinical communication and collaboration market contact Data Bridge Market Research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In 2022, Cerner Corporation, and HER company, will be purchased by Orcale Corporation for US$29.4 billion. Oracle's tender offer to purchase all outstanding and issued shares of Cerner for US$95 per share expired after midnight on June 6, and an all-cash agreement was reached. The acquisition aims to assist the overworked medical staff by providing a new generation of simpler digital tools that allow access to information via a hands-free voice interface to secure cloud applications.
- In 2021, the healthcare system can now quickly access electronic health records in sight to Vocera Communications, Inc.'s introduction of Vocera Edge, a cloud-based clinical communication and collaboration software for smartphones that also enhances communication between doctors and staff.
- In 2020, Cisco announced that it had successfully acquired the privately held company Babblelabs, based in Campbell, California. The company improves speech quality in communications and conferencing applications by using cutting-edge AI techniques to differentiate between human speech and unwanted noise.
Global Clinical Communication and Collaboration Market Scope
The clinical communication and collaboration market is segmented on the basis of development, components, content type and end-use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Deployment
- Hosted
- On-premises
Components
- Solution
- Hardware
- Mobiles/ tablets
- Pagers
- Access point
- Software
- Secure Messaging
- Workflow management
- User management
- Services
- Support and maintenance
- Integration
- Training
Content type
- Text clinical communication and collaboration
- Video communication and collaboration
- Voice communication and collaboration
End-Use
- Hospitals
- Small Hospitals
- Medium Hospitals
- Large Hospitals
- Clinical Labs
- Physicians
- Hotels
- Retails
- Correctional Facilities
- Others
Clinical Communication and Collaboration Market Regional Analysis/Insights
The clinical communication and collaboration market is analysed and market size insights and trends are provided by country, development, components, content type and end-use as referenced above.
The countries covered in the clinical communication and collaboration market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the market and will continue to flourish its trend of dominance during the forecast period. The major factors attributable to the region’s dominance is that the majority of hospitals have implemented clinical communication and collaboration solutions, enabling them to fulfill their goal of providing digital healthcare. The presence of significant key players will also help the clinical communication and collaboration market in the region grow during the forecast period.
Asia-Pacific will undergo the highest growth rate during the forecast period due to the market for clinical communication and collaboration experiencing significant growth as more patients use telemedicine platforms and applications. Additionally, the government's support of telemedicine on a larger scale by making it accessible to the general public as a tool to contain the virus' spread is anticipated to further fuel the growth of the clinical communication and collaboration market in the region in the upcoming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Clinical Communication and Collaboration Market Share Analysis
The clinical communication and collaboration market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to clinical communication and collaboration market.
Some of the major players operating in the clinical communication and collaboration market are:
- Vocera Communications (U.S.)
- TigerConnect. (U.S.)
- Intelligent Business Communication – AGNITY (U.S.)
- Cisco Systems, Inc. (U.S.)
- Jive Software (U.S.)
- Microsoft (U.S.)
- Everbridge. (U.S.)
- PerfectServe, Inc. (U.S.)
- Uniphy Health (U.S.)
- Inizio (Ireland)
- Ascom (Switzerland)
- NEC Corporation (Japan)
- Spok, Inc. (U.S.)
- Hill-Rom Holdings, Inc., (U.S.)
- Oracle (U.S.)
- Plantronics, Inc. (U.S.)
- Intel Corporation (U.S.)
- Avaya Inc. (U.S.)
- G2 (U.S.)
- OnPage (U.S.)
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