Global Clinical Communication and Collaboration Market Scenario Focusing on Improvements Shaping Industry Growth

Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Global Market Study on Clinical Communication and Collaboration: Text Anticipated to be the Most Attractive Content Type During the Forecast Period 2017 - 2025” offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the global Clinical Communication and Collaboration Market have been elaborated upon in the research report.

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Clinical communication and collaboration solutions are primarily used to coordinate activities among physicians, nurses, clinicians and other healthcare staff. A growing dependency on IT in the healthcare sector has led to the adoption of clinical communication and collaboration solutions in hospitals, clinics, and other healthcare facilities across the world. Need to address communication inefficiencies in healthcare organizations, advancement in IT systems and healthcare technologies, and adoption of next generation alarm management platforms are major factors driving revenue growth of the global clinical communication and collaboration market. The global clinical communication and collaboration market is expected to witness significant growth during the forecast period. This growth is attributed to an increasing number of enterprises providing a wide range of clinical communication and collaboration solutions. Moreover, increasing participation and initiatives undertaken by the governments of various countries to adopt these solutions for digitalization of the healthcare industry is increasing the adoption of clinical communication and collaboration solutions across the globe. However high cost and lack of technical knowledge is anticipated to restrain market revenue growth over the forecast period.

Key players are introducing technologically advanced sensors and automation systems that can be deployed in gadgets used for communication to maximize the operational efficiency of clinical and healthcare staff. Partnerships with hospitals, clinical labs, and other medical institutions is expected to remain as the key strategy of leading players operating in the global clinical communication and collaboration market to increase their sales growth. Long-term contracts with business partners helps increase business revenue and new innovation strategy enabling vendors to reach new potential customers in emerging markets.

A brief overview of the content type segment in the global clinical communication and collaboration market 

Text: This segment elaborates the communication performed at a clinical level using ‘text’ as a medium of communication.

Video: This segment includes the communication performed at a clinical level using ‘video’ as a medium of communication. Engaging video content is used at clinics, labs, and hospitals.

Voice: This segment includes the communication performed at a clinical level using ‘voice’ as a medium of communication.

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Text to remain top content type during the forecast period

The global clinical communication and collaboration market is classified on the basis of content type into text, video, and voice. Persistence Market Research projections indicate that the text segment will lead the global market in terms of value share during both the years 2017 and 2025, with an estimated market share in excess of 40% held over the forecast period. In terms of value, the text segment is anticipated to increase 3.3X between 2017 and 2025. In 2016, the text segment was valued at US$ 97.5 Mn and is expected to witness steady growth in terms of revenue throughout the forecast period. Revenue contribution from the text segment is anticipated to expand at a CAGR of 16.3% during the forecast period.

Research Methodology

This report evaluates the present scenario and future growth prospects of the global clinical communication and collaboration system market across various regions for the period 2017 –2025. We have considered 2016 as the base year and provide data for the trailing 12 months. The forecast presented here assesses the total revenue by value across the market. In order to offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the clinical communication and collaboration system market will develop in the future. Given the characteristics of the market, we have triangulated the outcome of different content types and components based on the technology trends. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze the market on the basis of key parameters such as year-on-year growth to understand the predictability of the market and to identify the right opportunities across the market.

Key Segments Covered

By Content Type
Text
Video
Voice
By Component
Software
Services
By End User
Clinical Labs
Hospitals
Physicians
Others
Key Regions Covered

North America
S.
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Europe
Germany
France
K.
Spain
Italy
Nordic
Benelux
Russia
Poland
Rest of Europe
Asia Pacific
China
Japan
India
ASEAN
A&NZ
Rest of Asia Pacific

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This release was published on openPR.