Clinical Communication and Collaboration Market Size to Reach USD 5,029.8 Million By 2027 | Increasing Use of Connected Devices in Hospitals will be the Key Factor Driving the Industry Growth, States Reports and Data

Global Clinical Communication and Collaboration Market By Offering (Solution and Service), By Mode of Deployment (On-Premises, Hosted), By End-Use (Hospitals, Clinics, Medical Laboratories), and Region

New York, New York, UNITED STATES

New York, Jan. 29, 2021 (GLOBE NEWSWIRE) -- 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 CAGR over of 17.3% during the forecast period, according to latest report by Reports and Data. Growing demand for clinical communication and collaboration solutions are key factors attributing to increasing use of connected devices in hospitals. Use of remote monitoring devices, wearable devices, and smartphones by patients is essential for recording their vitals and providing proper medication.

Tablets and smart TVs increasingly are being used within healthcare systems to amass patient specific data on electronic health records and deliver enhanced care by providing all requisite information to healthcare professionals. Also, smart hospitals provide better communication and interaction of healthcare staff with patients and family members of the latter, thus enabling improved patient’s involvement in treatment processes, along with an increased understanding of the health conditions and treatment progress by patients.

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The COVID-19 impact

Clinical communication and collaboration solutions witnessed a substantial rise in demand during the COVID-19 pandemic, owing to challenges associated with managing COVID-19 patients and sharing of real-time resources with other healthcare facilities. The need of the hour was also to maintain coordination across healthcare systems and hospitals that compete with each other.

Further key findings in the report

  • By offering, the solution segment accounted for largest revenue share in 2019. Clinical communication and collaboration solutions allow healthcare systems to improvise clinical documentation improvements, which is a vital component for collaboration in healthcare systems. Clinical documentation improvements increase operational efficiency by allowing real-time sharing of medical documents with doctors, medical staff, and patient.
  • Growing use of smart wearables, such as smartwatches to monitor heart rate, step count, and ECG is also driving market growth.
  • Asia Pacific clinical communication and collaboration market revenue is expected to register the fastest growth rate during the forecast period, owing to growing popularity of telemedicine in countries in the region. Besides, several government initiatives to enable large scale access to telemedicine and growing digitization of the healthcare sector in the countries in the region is driving market growth.
  • Key market players include Cisco Systems Inc., Microsoft Corporation, Plantronics Inc., Halo Health, Intel Corporation, Cerner Corporation, AGNITY, NEC Corporation, Hill-Rom Services, and Avaya Inc.

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For the purpose of this report, Reports and Data has segmented the global clinical communication and collaboration market on the basis of offering, mode of deployment, end-use, and region:

  • Offering Outlook (Revenue, USD Million; 2017-2027)
    • Solution
    • Service
  • Mode of Deployment Outlook (Revenue, USD Million; 2017-2027)
    • On-Premises
    • Hosted
  • End-Use Outlook (Revenue, USD Million; 2017-2027)
    • Hospitals
    • Clinics
    • Medical Laboratories
    • Others

Click on the link to read key highlights of the report and look at projected trends for years to come:

  • Regional Outlook (Revenue, USD Million; 2017-2027)
    • North America
      1. U.S.
      2. Canada
    • Europe
      1. Germany
      2. UK
      3. France
      4. BENELUX
      5. Rest of Europe
    • Asia Pacific
      1. China
      2. Japan
      3. South Korea
      4. Rest of APAC
    • MEA
      1. Saudi Arabia
      2. UAE
      3. Rest of MEA
    • Latin America
      1. Brazil
      2. Rest of LATAM

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