The market for clinical communication and collaboration software is anticipated to grow at a CAGR of 13.7%, from US$ 1.6 billion in 2022 to US$ 5.7 billion by 2032. The market showed a CAGR of 18% from 2015 to 21. During the projected period, the market is anticipated to be significantly driven by the rapid digitalization of healthcare infrastructure.
During the forecast period, “rising awareness among developing countries and increasing acceptance of smart technologies in the healthcare sector are predicted to play vital roles in strengthening the global clinical communication and collaboration software market.”
The market is anticipated to profit during the projected period as more hospitals and clinics become aware of the availability of communication and collaboration systems. The Clinical Communication and Collaboration Software market refers to the market for software solutions designed to improve communication and collaboration among healthcare professionals in clinical settings. These solutions enable secure messaging, voice and video calls, patient handoff, and care team coordination.
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The market is driven by factors such as the increasing adoption of mobile devices, the need to improve clinical workflows, and the rising demand for efficient and timely patient care. Major players in this market include companies such as Vocera Communications, Inc., TigerConnect, Halo Health, Ascom, and PatientSafe Solutions, among others. The market is expected to continue to grow in the coming years, driven by the increasing adoption of digital technologies in healthcare and the need for improved communication and collaboration among care teams.
What are the Top Opportunities in the Global Market for Clinical Communication and Collaboration Software?
IoT and collaboration solutions are being integrated by market participants to improve operational effectiveness and patient care. During the projected period, this is anticipated to present the market with sizable potential. In order to help patients and enable analytics, the healthcare IoT environment configures wellness applications, smart devices, beacons, and other connected equipment.
Hospitals help patients and visitors find their way around the expansive hospital grounds by using mobile phones and Bluetooth beacons. For instance, Boston Children’s Hospital’s Wayfinding app provides turn-by-turn directions for its 12-building healthcare campuses.
Competition Analysis
Key players in the global clinical communication and collaboration software market include
- AGINITY Global Inc.,
- Avaya Inc.,
- Cerner Corporation,
- Cisco Systems, Inc., and
- Halo Health.
In June 2022, Oracle Corporation announced the acquisition of EHR vendor Cerner Corporation at US$ 28.4 Billion. The all-cash deal was concluded after Oracle’s tender offer to purchase all issued and outstanding Cerner shares for US% 95 per share expired after midnight, Eastern Time, on June 06. The acquisition aims to assist the overworked medical professionals with a new generation of easier-to-use digital tools that allow access to information via a hands-free voice interface to secure cloud applications.
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Key Segments Profiled in the Global Clinical Communication and Collaboration Software Market Report
Clinical Communication and Collaboration Software Market by Deployment:
- Hosted Clinical Communication and Collaboration Software
- On-Premise Clinical Communication and Collaboration Software
Clinical Communication and Collaboration Software Market by End User:
- Clinical Communication and Collaboration Software for Hospitals
- Clinical Communication and Collaboration Software for Clinical Labs
- Clinical Communication and Collaboration Software for Physicians
- Clinical Communication and Collaboration Software for Other End Users
Clinical Communication and Collaboration Software Market by Region:
- North America Clinical Communication and Collaboration Software Market
- Europe Clinical Communication and Collaboration Software Market
- Asia Pacific Clinical Communication and Collaboration Software Market
- Middle East & Africa Clinical Communication and Collaboration Software Market
- Latin American Clinical Communication and Collaboration Software Market
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Clinical Communication and Collaboration Software Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
3.1.4. Assessment by Key Countries
3.1.5. Assessment by Key Market Segments
3.1.6. Action Points and Recommendation for Suppliers
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