Clinical Communication and Collaboration Market is anticipated to top a valuation of nearly US$ 5.3 Bn by 2031

As per Persistence Market Research's new industry analysis, the global clinical communications and collaboration market is poised to surge at a CAGR of over 13% through 2031.

The overall market is expected to reach US$ 5.3 Bn by 2031, surging at a CAGR of 13.3%.

Increasing cases of violence at workplaces is leading to the deployment of solutions that can help organizations ensure the safety of their staff members. The possibility of workplace violence is more frequent in hospitals than at other workplaces.

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Clinical communication and collaboration solutions are designed in such a way that clinicians, physicians, nurses, and other hospital members are always connected to be able to immediately contact each other and solve any patient's critical situation right away. Hence, using clinical communication and collaboration solutions, hospital staff are able to maintain the flow of contacts to reach out for help in case of any emergency, that too 24×7.

This parameter of ensuring staff safety is responsible for driving demand for clinical communication and collaboration solutions.

Key Players:

The report has profiled some of the Important players prevalent in the global like - Vocera Communications, TigerConnect, Intelligent Business Communication - AGNITY, Cisco Systems Inc., Jive Software, Microsoft Corporation, Everbridge, PerfectServe, Inc., Uniphy Health Systems LLC, UDG Healthcare PLC, Ascom, NEC Corporation, Spok Inc., Voalte, and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Clinical Communication and Collaboration.

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Key Takeaways from Market Study

North America was the dominant market in 2020 in terms of value. However, East Asia is expected to be one of the key markets for sustainable revenue generation from clinical communications and collaboration solutions.

Voice content type holds major share of market, as healthcare organizations are increasingly adopting communication platforms that are more secure and allow doctors, nurses, and other healthcare staff to use smartphones in order to communicate in a secure and reliable manner.

The clinical communications and collaboration industry in Japan is expected to expand at a CAGR of around 16.7% over the next ten years, while that in the India at 14.5%.

Adoption of communication software is anticipated to surge at a significant rate owing to increasing implementation of managing patient care, building clinical workforce, and managing financial & human resources.

Governments of various countries are taking initiatives to build reliable data sources by encouraging health communication programs between healthcare institutes to exchange information such as patient-level data.

"Clinical communication and collaboration solution providers are focused on developing partnerships with medium- and large-sized wearable device manufacturers. Fusion of wearable and clinical communication and collaboration technologies will facilitate remote monitoring and care," says a Persistence Market Research analyst.

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This release was published on openPR.