Growing digitization of healthcare systems infrastructure in developed and developing countries is a significant factor influencing growth of the market.
Market Size – USD 1,398.6 Million in 2019, Market Growth – at a CAGR of 17.3%, Market Trends –Growing demand for cross-functional collaboration in hospitals
The global clinical communication and collaboration market is expected to reach a market size of USD 5,029.8 Million by 2027, and register a significantly high revenue growth rate over the next seven years, according to a latest report by Reports and Data. Growing demand for clinical communication and collaboration solutions can be attributed to increasing digitization of healthcare system infrastructure globally. Digitization in healthcare systems enable easy maintenance of patient medical records and history. A patient’s medical history is vital in emergency situations and unavailability of a physical copy can lead to conflicting medication or treatment, thereby resulting in potential medical complications. Digitization helps to keep doctors informed about the medical history of a patient whenever required, as well as aids in maintaining consistent communication between various specialist to collaboratively diagnose a specific medical condition.
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Leading companies operating in the market and profiled in the report include: Cisco Systems Inc., Microsoft Corporation, Plantronics Inc., Halo Health, Intel Corporation, Cerner Corporation, AGNITY, NEC Corporation, Hill-Rom Services, and Avaya Inc.
Dominant key players in the market are adopting various strategies like mergers and acquisition, partnerships, collaborations, joint ventures and product launches to gain a robust footing in the market. Growing demand for various medical products, increasing adoption of home-care settings, point-of-care diagnosis, high demand for vaccines and medication for controlling COVID-19 is expected to benefit the key companies throughout the forecast period.
Global Clinical Communication and Collaboration Market Segmentation:
Offering Outlook (Revenue, USD Million; 2017-2027)
Mode of Deployment Outlook (Revenue, USD Million; 2017-2027)
End-Use Outlook (Revenue, USD Million; 2017-2027)
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The global Clinical Communication and Collaboration market is broadly divided into 5 major regions, viz. North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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