Care Communications Market Size is valued at USD 2.94 Bn in 2023 and is predicted to reach USD 7.54 Bn by the year 2031 at a 12.61% CAGR during the forecast period for 2024-2031.
Care communication pertains to the exchange of information and interactions among healthcare professionals, patients, and their families, intending to ensure the delivery of safe, effective, and patient-centred healthcare. The swift expansion of telehealth and telemedicine has notably heightened the need for communication solutions facilitating remote consultations, video conferencing, and secure messaging between healthcare providers and patients. Furthermore, the shift towards patient-centred care underscores the significance of efficient communication between patients and their healthcare providers, resulting in a growing demand for communication tools and platforms that empower patients to take an important role in their care.
Moreover, engaging patients in managing their healthcare can yield improved outcomes, which fuels the demand for communication tools that enhance patient engagement, such as patient portals and mobile apps. This technological advancement promises enhanced access to patients' medical records, more effective patient-related communication, and improved administrative processes. All these advantages are expected to propel the CC&C market's rapid growth in the coming years.
Competitive Landscape
Some Major Key Players In The Care Communications Market:
- Johnson Controls International Plc
- Hill-Rom Holdings, Inc.
- Cisco Systems Inc
- Cerner Corporation
- Sympli
- Koninklijke Philips N.V.
- NEC Corporation
- Plantronics, Inc.
- Vocera Communications
- Avaya LLC
- Spok Holdings, Inc
- Jive Sotware
- Microsoft Corporation
- Everbridge
- Ascom
- TigerConnect
- UDG Healthcare PLC
- Intelligent Business Communication
- Voalte
- Others
Market Segmentation:
The care communications market is segmented on the basis of component type, deployment and end users. The product segment is segmented as software and services. By application, the market is segmented into cloud and on-premises. According to end users, the market is segmented as hospitals, clinics, long-term care facilities and others.
Based On Components, The Software Segment Is Accounted As A Major Contributor In The Care Communications Market.
The software category is likely to hold a major share of the global Care Communications market in 2024. The expansion in revenue within the software sector is propelled by the growing utilization of digital technologies in the healthcare sector. Healthcare institutions are swiftly integrating clinical communication and collaboration software to enhance clinical procedures, elevate the quality of patient care, and lower costs. This software enables healthcare practitioners to securely exchange vital patient information, engage in real-time collaboration, and access clinical data from any location. Moreover, it streamlines administrative responsibilities and enhances the efficiency of clinical operations, thereby enabling healthcare providers to prioritize their efforts in delivering patient care.
The On-premises Segment Witnessed Growth At A Rapid Rate.
The on-premises segment is likely to grow at a rapid rate in the global Care Communications market. The rising utilization of data storage and access systems in healthcare facilities, like hospitals and clinics, is driving the expansion of the on-premises segment. These healthcare institutions have bolstered their IT infrastructure to accommodate increasing data requirements. In the past, these organizations were cautious about adopting cloud-based deployment methods and favoured on-premises solutions because they give IT administrators greater control over physical data centres. The increased investments made by hospitals and clinics to improve their IT infrastructure have played a crucial role in boosting the revenue of this segment.
In The Region, The North America Care Communications Market Holds A Significant Revenue Share.
The North America Care Communications market is expected to register the highest market share factors, such as evolving healthcare regulations, technological advancements, and the need for improved patient care and operational efficiency. As healthcare organizations across Europe continue to adopt digital technologies and telehealth solutions, the care communications market is expected to expand further. This growth is pushed by ongoing efforts to enhance healthcare communication and collaboration, ultimately leading to better patient outcomes and experiences. In addition, Asia Pacific is estimated to grow at a rapid rate in the global Care Communications market. This market encompasses various products and services to enhance communication and collaboration among healthcare professionals, patients, and other stakeholders. These communication solutions aim to improve the quality of patient care, streamline administrative processes, and enhance overall efficiency in healthcare delivery.
Recent Developments:
- In August 2023, NEC Corporation of America (NEC) revealed the incorporation of additional healthcare integrations into its UNIVERGE BLUE cloud services portfolio. These integrations link the omnichannel UNIVERGE BLUE ENGAGE contact centre solution with leading Electronic Health Record (EHR) systems like Epic, ORACLE Cerner, and MEDITECH.
- In February 2023, RingCentral, Inc. expanded its strategic partnership agreement with Avaya Inc., a global provider of solutions aimed at enhancing and streamlining communication and collaboration.
Care Communications Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 2.94 Bn |
|
Revenue Forecast In 2031 |
USD 7.54 Bn |
|
Growth Rate CAGR |
CAGR of 12.61 % from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Component, Deployment, End-Use |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Johnson Controls International Plc, Hill-Rom Holdings, Inc., Cisco Systems Inc., Cerner Corporation, Symplr, Koninklijke Philips N.V., NEC Corporation, Plantronics, Inc., Vocera Communications, Avaya LLC, and Spok Holdings, Inc. Jive Sotware, Microsoft Corporation, Everbridge, Ascom, TigerConnect, UDG Healthcare PLC, Intelligent Business Communication, Voalte |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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