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Clinical Communication and Collaboration - Global Market Trajectory & Analytics

  • ID: 5028044
  • Report
  • February 2022
  • Region: Global
  • 271 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Ascom (Holding) AG
  • Cerner Corporation
  • Everbridge, Inc.
  • Hill Room Services Inc.
  • Jive Software, Inc.
  • PatientSafe Solutions

Global Clinical Communication and Collaboration Market to Reach $3.3 Billion by 2026


Clinical communication and collaboration systems refer to secure messaging tools integrated with clinical networks, such as the electronic medical record (EMR), the call center, hospital phones, the corporate directory, nurse call systems, testing labs, on-call schedules, and alarming middleware, which are required for enhancing the workflow of doctors, nurses, and other healthcare professionals via a desktop or smartphone application. These systems are an evolution from messaging applications focused on HIPAA-compliant secure text messaging. While a traditional secure messaging application is only restricted to offering HIPAA-compliant texting and voice communication, a clinical communication and collaboration system goes one step ahead by bringing in patient data stored in the EMR for allowing clinicians to view the list of their patients and care team members, the patient`s critical information, including date of birth and location, as well as message care team members from their smartphone.

Amid the COVID-19 crisis, the global market for Clinical Communication and Collaboration estimated at US$1.5 Billion in the year 2020, is projected to reach a revised size of US$3.3 Billion by 2026, growing at a CAGR of 14% over the analysis period. Solutions, one of the segments analyzed in the report, is projected to grow at a 13.6% CAGR to reach US$2.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 14.7% CAGR for the next 7-year period. This segment currently accounts for a 37% share of the global Clinical Communication and Collaboration market.



The U.S. Market is Estimated at $634.6 Million in 2021, While China is Forecast to Reach $280.3 Million by 2026


The Clinical Communication and Collaboration market in the U.S. is estimated at US$634.6 Million in the year 2021. The country currently accounts for a 36.95% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$280.3 Million in the year 2026 trailing a CAGR of 16.7% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.4% and 14.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 13.3% CAGR while Rest of European market (as defined in the study) will reach US$323.2 Million by the close of the analysis period. Growing in these regional markets will be led by rising demand among healthcare providers for cross-functional collaborative platforms that use an internet-based interface or various mobile devices to achieve flexible communications anywhere, anytime. In addition, integrating big data analytics is expected to significantly benefit in improving clinical communication and collaboration solutions in the coming years. The application of big data analytics is expected to help physicians in analyzing specific trends as well as predicting future events based on data obtained from electronic or web-based platforms.

By Content Type, Video Segment to Reach $1.5 Billion by 2026


By Content Type, the video segment is estimated at US$647.9 Million in 2020, and is projected to reach US$1.5 Billion by 2026 reflecting a compounded annual growth rate of 15.2% over the analysis period. United States constitutes the largest regional market for Video segment, accounting for 35.5% of the global sales in 2020. Asia-Pacific is poised to register the fastest compounded annual growth rate of 17.9% over the analysis period, to reach US$113.8 Million by the close of the analysis period.

Select Competitors (Total 36 Featured) -

  • Intelligent Business Communication - AGNITY
  • Ascom (Holding) AG
  • UDG Healthcare PLC
  • Avaya Inc.
  • Cerner Corporation
  • Cisco Systems, Inc.
  • Everbridge, Inc.
  • Halo Health
  • Hill Room Services Inc.
  • Intel Corporation
  • Jive Software, Inc.
  • Microsoft Corporation
  • PatientSafe Solutions
  • Plantronics, Inc.
  • Spok Inc.
  • TigerConnect, Inc
  • Uniphy Health Holding LLC
  • Vocera Communications, Inc.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Frequently Asked Questions about the Global Market for Clinical Communication and Collaboration

What is the estimated value of the Global Market for Clinical Communication and Collaboration?

The Global Market for Clinical Communication and Collaboration was estimated to be valued at $1.5 Billion in 2020.

What is the growth rate of the Global Market for Clinical Communication and Collaboration?

The growth rate of the Global Market for Clinical Communication and Collaboration is 14.0%, with an estimated value of $3.3 Billion by 2026.

What is the forecasted size of the Global Market for Clinical Communication and Collaboration?

The Global Market for Clinical Communication and Collaboration is estimated to be worth $3.3 Billion by 2026.

Who are the key companies in the Global Market for Clinical Communication and Collaboration?

Key companies in the Global Market for Clinical Communication and Collaboration include Intelligent Business Communication, AGNITY, Ascom (Holding) AG, UDG Healthcare PLC, Avaya Inc., Cerner Corporation, Cisco Systems, Inc., Everbridge, Inc. and Hill Room Services Inc..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Ascom (Holding) AG
  • Cerner Corporation
  • Everbridge, Inc.
  • Hill Room Services Inc.
  • Jive Software, Inc.
  • PatientSafe Solutions

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • COVID-19 Overwhelms Healthcare
  • Financial Burden of COVID-19
  • Communication & Collaboration Platforms Receive Special Thrust from COVID-19 Care
  • Reduced Visits to Patient Room Heightens Need for CC&C Solutions
  • Tracking Infection Trends
  • Clinical Communication and Collaboration - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Clinical Communication and Collaboration: An Introduction
  • Benefits of CC&C
  • Evolution of Clinical Communications
  • Market Outlook
  • Analysis by Region
  • Competition
  • Clinical Communication and Collaboration Tool Capabilities of Select Vendors
  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rise in Importance of Clinical Communication and Collaboration
  • Mobile Solutions Gain Edge
  • Mobile Clinical Communication Platforms Offer Expedited Care Delivery & Cost Efficiency
  • Mobile Clinical Communication Gains Prominence for Seamless Collaboration amid COVID-19
  • Telemedicine Adoption Reaches New Heights, Coerced by the Pandemic
  • Percentage of Patient Appointments Via Telemedicine Prior and During Pandemic
  • Telehealth Visits in the U.S (In Million) for the Year 2020
  • Analytics Play a Vital Role in Improving Adoption
  • Cloud Deployment Expands at an Accelerating Pace
  • Global Clinical Communication and Collaboration Market by Deployment Model: 2016, 2020 & 2025e
  • Cloud-Based Clinical Communication Platforms Rank Better than Mobile EHR Texting Modules
  • Cloud-Based Clinical Communication Platforms vs. Mobile EHR Texting Modules
  • Wearable Gadgets Bring in Healthcare Disruption
  • Need to Improve Transparency to Drive Blockchain Technology Adoption
  • Increasing Complexity of Healthcare Operations to Spur Demand
  • Increase in Healthcare Spending Steers Demand
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Healthcare Costs as a % of GDP by Country for the Years 2020 & 2023
  • Introduction of 5G to Speed up Market Penetration
  • Breakdown of Network Latency (in Milliseconds) by Network Type

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Clinical Communication and Collaboration Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Clinical Communication and Collaboration Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Clinical Communication and Collaboration Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Clinical Communication and Collaboration Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Clinical Communication and Collaboration Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Clinical Communication and Collaboration Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Clinical Communication and Collaboration Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

REST OF EUROPE

ASIA-PACIFIC

  • Clinical Communication and Collaboration Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

REST OF WORLD

IV. COMPETITION

  • Total Companies Profiled: 36
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Intelligent Business Communication - AGNITY
  • Ascom (Holding) AG
  • UDG Healthcare PLC
  • Avaya Inc.
  • Cerner Corporation
  • Cisco Systems, Inc.
  • Everbridge, Inc.
  • Halo Health
  • Hill Room Services Inc.
  • Intel Corporation
  • Jive Software, Inc.
  • Microsoft Corporation
  • PatientSafe Solutions
  • Plantronics, Inc.
  • Spok Inc.
  • TigerConnect, Inc
  • Uniphy Health Holding LLC
  • Vocera Communications, Inc.
Note: Product cover images may vary from those shown