Growing digitization of healthcare systems infrastructure in developed and developing countries is a significant factor influencing growth of the market.

New York, NY -- (SBWire) -- 05/06/2021 --Clinical Communication and Collaboration Market Size – USD 1,398.6 Million in 2019, Industry Growth – at a CAGR of 17.3%, Industry 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 Players 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.

The COVID-19 impact

Clinical communication and collaboration solutions witnessed 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 several other healthcare facilities, along with maintaining coordination healthcare systems and hospitals that compete with each other. Clinical communication and collaboration solutions enable healthcare systems more efficiently collaborate with each other to provide enhanced care to patients and communities.

Further key findings in the report

Among the offering segments, the service segment revenue is expected to register a faster growth rate over the forecast period, owing to easy availability of prevailing communication systems and growing requirement to leverage advantages of collaboration and communication services to engage in and offer better healthcare practices.

Among the mode of deployment segment, revenue from the hosted segment is expected to register a faster rate over the forecast period, owing to advantages such as sharing of data across various healthcare systems and healthcare personnel using cloud networking, especially when all systems are using the same network. Furthermore, hosted deployment allows for easy scalability of data storage and traffic based on requirement, such as during flu season when more attention from healthcare providers is required.

The North America clinical communication and collaboration market accounted for comparatively higher revenue share in the global market in 2019/ This can be attributed to high integration of advanced digital technologies in healthcare organizations and increasing investments in digital healthcare infrastructure in countries in the region. Also, robust presence of leading clinical communication and collaboration solution providers and related companies in the region is driving market growth.

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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

Regional Outlook (Revenue, USD Million; 2017-2027)

North America
U.S
Canada
Europe
Germany
U.K
France
BENELUX
Rest of Europe
Asia Pacific
China
Japan
South Korea
Rest of APAC
MEA
Saudi Arabia
UAE
Rest of MEA
Latin America
Brazil
Rest of LATAM

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Table of contents           

Chapter 1.    Market Synopsis

    1.1.    Market Definition

    1.2.    Research Scope & Premise

    1.3.    Methodology

    1.4.    Market Estimation Technique

Chapter 2.    Executive Summary

    2.1.    Summary Snapshot, 2019-2027

Chapter 3.    Indicative Metrics

Chapter 4.    Clinical Communication and Collaboration Market Segmentation & Impact Analysis

    4.1.    Clinical Communication and Collaboration Market Material Segmentation Analysis

    4.2.    Industrial Outlook

          4.2.1.    Market indicators analysis

          4.2.2.    Market drivers' analysis

                    4.2.2.1.    Growing digitization of healthcare systems' infrastructure

                    4.2.2.2.    Growing demand for cross-functional collaboration is hospitals

                    4.2.2.3.    Rising adoption of electronic health records

                    4.2.2.4.    Increasing use of smart devices in hospitals

          4.2.3.    Market restraints analysis

                   4.2.3.1.    Cost-prohibitive initial investment

    4.3.    Technological Insights

    4.4.    Regulatory Framework

    4.5.    ETOP Analysis

    4.6.    Porter's Five Forces Analysis

    4.7.    Competitive Metric Space Analysis

    4.8.    Price trend Analysis

    4.9.    Customer Mapping

    4.10.    Covid-19 Impact Analysis

    4.11.    Global Recession Influence

Continued…..

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