Clinical Communication and Collaboration Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Clinical Communication and Collaboration Market Analysis

The Clinical Communication And Collaboration Market size is estimated at USD 2.51 billion in 2024, and is expected to reach USD 4.95 billion by 2029, growing at a CAGR of 14.55% during the forecast period (2024-2029).

The major factors driving the clinical communication and collaboration market are the increasing digitalization of healthcare, the rising adoption of electronic health records and telehealth services, growing interdisciplinary collaborations, and increasing strategic activities by key market players.

The rising digitalization of the healthcare industry increases the adoption of digital solutions for clinical communication and collaboration to improve patient outcomes, teamwork collaboration, and patient satisfaction. Such developments are expected to drive the market studied over the forecast period. For instance, in February 2022, the Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA), awarded nearly USD 55 million to 29 HRSA-funded health centers to increase healthcare access and quality for underserved populations through virtual care such as telehealth, remote patient monitoring, digital patient communication tools, and health information technology platforms. Hence, such investments by the government improve the adoption of clinical communication and collaboration tools and are anticipated to drive the market studied over the forecast period.

Moreover, increasing technological advancements in clinical communication and collaboration tools are expected to increase the accessibility and affordability of these technologies, which would also drive the market studied over the forecast period. For instance, in April 2023, Akkadian Labs, a developer of unified communications (UC) provisioning automation solutions, reported a partnership with Mobile Heartbeat, a clinical communication and collaboration platform for healthcare enterprises. This technological partnership between Akkadian Labs and Mobile Heartbeat enables the healthcare enterprise to manage MACDs for a variety of communication and collaboration solutions, allowing the unified communications (UC) administrator to focus on strategic projects rather than repetitive, manual tasks. Hence, such technological advancements in the market increase the accessibility of clinical communication and collaborations, which is anticipated to drive the market studied over the forecast period.

Furthermore, the increasing strategic activities by key players, such as new clinical communication solutions, are expected to increase the accessibility of these technologies and drive the market studied over the forecast period. For instance, in May 2024, Lumeca Health, a digital healthcare solutions provider, reported the launch of Lumeca Messages, an innovative clinical messaging application designed to streamline collaboration among healthcare providers. Lumeca Messages provides healthcare professionals with a secure communications tool where they can share files, coordinate patient care, and solicit medical advice from one another. Hence, the launch of such solutions is expected to increase the accessibility of clinical communication and collaboration applications and boost the market studied over the forecast period.

Thus, the increasing digitalization of the healthcare industry, rising technological advancements in clinical communication technologies, and growing strategic activities by key players are expected to drive the market studied over the forecast period. However, the high implementation costs of clinical communication and collaboration technologies are expected to restrain the market studied over the forecast period.

Clinical Communication and Collaboration Market Trends

Nurse Communication Segment Expected to Hold a Significant Market Share Over the Forecast Period

Clinical Communication and Collaboration Industry Segmentation

As per the scope of the report, clinical communication and collaboration systems are mobile platforms that clinicians, care teams, patients, and caregivers use to collaborate on treatment and care activities within ambulatory, acute, post-acute, and virtual care settings.

The clinical communication and collaboration market is segmented by platform, component, deployment, application, end user, and geography. By platform, the market is segmented into collaboration platform, messaging platform, voice communication platform, and other platforms (virtual chatting platform, scheduling platform, and others). By component, the market is segmented into hardware, software, and service. By deployment, the market is segmented into on-premise model and cloud-based model. By application, the market is segmented into lab and radiology communication, nurse communication, patient communication and emergency alerts, and physician communication. By end user, the market is segmented into hospitals and clinics, ambulatory surgical centers, long-term care facilities, and other end users (diagnostic centers, nursing centers, and others). By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers market sizes and forecasts in value (USD) for the above segments.