Vantage Market Research
Feb 24, 2022
In terms of revenue, the Global Clinical Communication and Collaboration Market is expected to reach USD 5.2 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 17.20% from 2022 to 2028. Digital transformation in the healthcare sector is a key factor that flourishing the growth of the Clinical Communication and Collaboration Market in coming years. The use of the digital health ecosystem permits healthcare professionals to accommodate new technologies and broaden in a new direction. In addition, the demand for data-driven technologies is increasing due to digitization & promoting automation in the healthcare domain. All these factors are expected to augment the growth of Clinical Communication and Collaboration Market in present years.
- The on-premise deployment segment accounted to mention potential growth of Clinical Communication and Collaboration Market in 2021. Healthcare organizations were unwilling to acquire cloud-based deployment and thus, support an on-premise deployment by IT administrators owing to the better control on physical datacenters.
- The hospital's end-use segment mentioned significant growth of Clinical Communication and Collaboration Market in 2021. The need for contactless communication and collaboration in hospitals has been majorly observed after the outbreak of the COVID-19 pandemic.
- North America accounted to witness the maximum growth of Clinical Communication and Collaboration Market in 2021. Increasing healthcare spending is augmenting the growth of Clinical Communication and Collaboration Market in this region.
Some of key players in Clinical Communication and Collaboration Market include - Spok Inc.; Cerner Corporation; Hill Room Services, Inc.; Vocera Communications; and Cisco Systems Inc..
For a few years, technologically advanced tools helps healthcare professionals to easily communicate and coordinate with their staff for getting/knowing patient-related activities. CC&C systems is an advanced IT system that provides patient information, optimizes care transitions, and observes notifications & alarms. These systems are also used to improve patient satisfaction, safety, retention, and outcomes. The clinical communication & collaboration tool supports reducing manual & error-prone methods and provides a streamlined process to improve the accuracy & quality of patient-related information. Therefore, all these advantages of CC&C systems are expected to witness the maximum growth of Clinical Communication and Collaboration Market over a projected time frame.
Asia Pacific is incorporated the fastest growth of Clinical Communication and Collaboration Market during the forecast period. Multiple patients use telemedicine platforms & applications in this region, which in turn, influences the market demand. After the outbreak of the COVID pandemic, the government in this region is also started focusing on the adoption of telemedicine on large scale. This is also considered as a key reason for bolstering the growth of the Clinical Communication and Collaboration Market in this region.