Global Clinical Communication & Collaboration Market
Global Clinical Communication & Collaboration Market was valued $1.35 Bn in 2019 and is expected to reach $xx Bn by 2026, at a CAGR of xx% during the forecast period.
Global Clinical Communication & Collaboration Market Introduction
Clinical communication and collaboration are commonplace in Clinical Laboratories and Hospitals, as well as many retail businesses. The demand for patient data to be available in a centralized, informed way is quickly growing as health concerns become more prevalent. This information also aids the healthcare industry's attempts to improve the quality and efficiency of services provided to patients. Real-time analytics, in combination with clinical communication and collaboration tools, may help evaluate data from a variety of sources in one location, with life-saving implications in healthcare.
Global Clinical Communication & Collaboration Market Dynamics
The digital revolution of the healthcare business is expected to boost the industry's growth. Participating in the digital health ecosystem has allowed healthcare workers to make use of new technology and extend their horizons in new ways. Furthermore, new data-driven technologies are encouraging digitalization and automation in the healthcare industry. Technological advancements have made it simpler for healthcare workers to communicate and coordinate efficiently in recent years. Clinical mobility has helped relieve strain on the healthcare system by streamlining workflows, enhancing patient care, and allowing for more efficient use of scarce resources. Clinical mobility has allowed for the replacement of manual and error-prone procedures with digital solutions that have simplified operations, enhanced patient identification accuracy, and improved patient care quality. By minimizing and eliminating mistakes, collaboration technologies have aided in digitally recording information and delivering it in real-time to healthcare personnel.
Due to the growing usage of smart devices in hospitals, clinical communication and collaboration (CC&C) solutions have gained popularity. Patients benefit from these devices in a variety of ways, including improved communication with care teams, easier access to medical information, and the ability to perform administrative duties on time Handheld gadgets and cellphones specifically developed for the healthcare ecosystem are used by healthcare workers. These devices prevent device fragmentation, which was a problem in the past when many physicians used numerous devices for communication and cooperation, such as pagers and smartphones.
Furthermore, telemedicine services powered by Artificial Intelligence (AI) are part of ongoing attempts to improve healthcare services. By providing new forms of support and care, AI-driven telemedicine is predicted to disrupt the whole value chain of the patient care delivery system and clinical practice.
Global Clinical Communication & Collaboration Market Segment Analysis
In 2019, the on-premise deployment category accounted for approximately 54% of total revenue. To address the rising need for data, healthcare companies have upgraded their IT infrastructure. These businesses have traditionally been hesitant to adopt cloud-based deployment, preferring on-premise since IT administrators have more control over the physical datacenters. However, due to the high maintenance costs associated with on-premise deployments, demand for on-premise solutions are expected to drop throughout the forecast period. Cloud-based storage options appeal to covered organizations because they provide a scalable and flexible environment at a lower cost than on-premise deployments.
Global Clinical Communication & Collaboration Market
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In 2019, the solution category accounted for more than 60% of total revenue. The CC&C solutions allow for real-time data exchange, the collection of alarms and alerts, and the optimization of care transitions, all of which contribute to patient safety and satisfaction. To give quick answers during crisis management, the clinical communication and collaboration systems make use of patient data, bed management systems, and telemetry provided by the site. Furthermore, in the COVID-19 situation, firms like Cerner Corporation are developing solutions to assist healthcare institutions in properly monitoring and screening patient populations for possible viral infections. Furthermore, the firm has created COVID-19-specific client updates that notify physicians when a patient is at risk, allowing doctors to take appropriate measures.
Global Clinical Communication & Collaboration Market Regional Insights
Global Clinical Communication & Collaboration MarketBecause of the considerable rise in the use of next-generation Alarm Management platforms and modern IT Systems, North America is dominated followed by Western Europe in the global Clinical communication and collaboration market. In 2019, North America had the biggest market share of nearly 31%. The regional market is projected to grow due to growing healthcare spending in the United States. In order to accomplish their digital healthcare aim, the majority of hospitals in the United States have deployed clinical communication and collaboration systems.
Over the forecast period, Asia Pacific is expected to grow at the fastest rate. The COVID-19 epidemic in the Asia Pacific has resulted in a boom in the use of telemedicine platforms and apps. As a result of the COVID epidemic, digital health platforms in Indonesia, Australia, and Singapore have seen a rise in uptake. Furthermore, the government is promoting telemedicine on a larger scale by making it available to the general population as a strategy for controlling the virus's spread.
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Global Clinical Communication & Collaboration Market
Global Clinical Communication & Collaboration Market, by Region
• North America
• Europe
• South America
• MEA
• Asia Pacific
Global Clinical Communication & Collaboration Market Key Players
• Vocera Communications, Inc.
• TigerText
• Intelligent Business Communication – AGNITY
• Cisco Systems Inc.
• Jive Software, Inc.
• Microsoft Corporation
• Everbridge, Inc.
• PerfectServe, Inc.
• Uniphy Health Holding LLC
• Ashfield
• Ascom
• NEC Corporation
• PatientSafe Solutions
• Spok Inc.
• Voalte
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