Clinical Communication and Collaboration Market - By Component (Software, Services), By Context (Text, Video, Voice, Others), By End-Users (Hospitals, Clinical Laboratories, Physicians, Others) and Global Region Market Size, Trends, Opportunity & Forecast
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The Clinical Communication and Collaboration Market is expected to experience a positive response in the upcoming years. In terms of value, the market is poised to mask a CAGR of 16.5% during the projected period. The clinical communication and collaboration are the solution for coordinating activities in hospitals among, physicians, nurses, clinicians, and other staff. It is primarily used by hospitals and clinical laboratories to reduce response times among hospital staff. Clinical communication & collaboration has a large number of extensive applications to reduce a communication gap for hospitalized patients such as discharge times information, feedback, and others.
Growth Drivers and Restraints:
In this advanced healthcare technological era, the world is moving towards the advanced healthcare technologies which are boosting the market growth of Clinical communication and collaboration market. Moreover, advancements in patient monitoring technologies and the need for seamless communication among hospital staff are major factors that are positively influencing the growth of Clinical communication and collaboration market. Additionally, improving healthcare infrastructure across the globe is one of the major factors that are positively influencing the growth of the Clinical communication and collaboration market. Besides this, the government initiatives to promote healthcare is augmenting the growth of the Clinical communication and collaboration market. Since increasing government regulations such as ‘Affordable Care Act’ (ACA) by President Barack Obama for delivering improved patient care and Support is one of the key drivers for the growth of Clinical communication and collaboration market. Moreover, the increasing digitalization in the healthcare industry is fueling the growth of Clinical communication and collaboration market over the forecast period.
As hospitals have started the BYOD (bring your own device) by using multifunctional phones, wearables, badges and other devices to reducing miscommunication across the globe is one of the key factors for growth of Clinical communication and collaboration market. The communication activity in a hospital done by using a different content type such as video, images, text, documents, telemetry, and audio on an actual time basis. Among them, the video segment dominates the market over the forecast period due to the availability of high-speed internet and easy connectivity in hospitals. Region-wise, North America is the strongest region for the Clinical communication and collaboration market. Rising investment in healthcare infrastructure and the highest adoption rate for advanced technologies from the healthcare organizations are resulting in increasing demand for clinical communication and collaboration software in North America countries as compare to other countries. So, this factor is projected to drive the growth of Clinical communication and collaboration market in coming years. However, the high initial costs and disruption of workflows are restraining revenue growth of the Clinical communication and collaboration market.
The research offers a comprehensive analysis of Clinical communication and collaboration market with respect to following sub-markets:
By Component Type
By Content Type
By End- User
- Clinical Laboratories
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as,
- Vocera Communications, Inc.
- Intelligent Business Communication – AGNITY
- Cisco Systems Inc.
- Jive Software, Inc.
- Microsoft Corporation
- PerfectServe, Inc.
- Uniphy Health Holding LLC
- Ashfield Healthcare Communication
- Ascom Holding AG
- Other Prominent Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as technology information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities. The study also provides company’s positioning and market share in Clinical communication and collaboration market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the Clinical communication and collaboration market by the following segments:
- By Content Type
- By Component Type
- By End-User
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Clinical Communication and Collaboration Market Industry Report:
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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