Technology Updates Clinical Communication and Collaboration

Advancements in the Introduction of RTHS (Real-Time Health System) Driving Revenue
Growth of the Global Clinical Communication and Collaboration Market
According to a recent market report published by Persistence Market Research titled “Clinical
Communication and Collaboration Market: Global Industry Analysis (2012–2016) and Forecast
(2017–2025),” revenue from the global clinical communication and collaboration market was US$
138.5 Mn in 2012 and US$ 214.8 Mn in 2016, representing a CAGR of 11.6% from 2012 to 2016.
This revenue growth is attributed to addition of new features in clinical communication and
collaboration solutions. Persistence Market Research forecasts revenue from the global clinical
communication and collaboration market to increase from US$ 249.4 Mn in 2017 to US$ 861.6 Mn
by 2025 end, representing a CAGR of 16.9% from 2017 to 2025. This increasing revenue growth is
attributed to continuous launch of new clinical communication and collaboration solutions and
option for customization supporting growth of this market.
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Advancement in patient monitoring technologies and need for seamless communication among
hospital staff are major factors driving revenue growth of the global clinical communication and
collaboration market. However high initial costs and disruption of workflows are restraining
revenue growth of the clinical communication and collaboration market.
Global Clinical Communication and Collaboration Market: Segmentation & Forecast
The global clinical communication and collaboration market is categorized on the basis of
Component (Software, Services), Content Type (Text, Voice, Video), end user (Clinical
Laboratories, Hospitals, Physicians, Others), and Region (North America, Latin America, Europe,
Asia Pacific and Middle East and Africa).
By component, revenue generation from the Services segment is expected to increase at a high
CAGR of 19.1% over the forecast period. In terms of value, the Services segment is anticipated to
increase 3.9X between 2017 and 2025. The Services segment is expected to register high Y-o-Y
growth rates throughout the forecast period. In terms of value, the Software segment is projected to
be the most attractive in the global clinical communication and collaboration market during the
forecast period.
By content type, the Video segment is expected to register high Y-o-Y growth rates throughout the
forecast period. In terms of value, this segment is expected to expand at a CAGR of 18.4% during
the forecast period. In terms of value, the Text segment is projected to be the most attractive in the
global clinical communication and collaboration market during the forecast period.
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By end user, the Hospitals segment is projected to be the most attractive segment in terms of value
in the global clinical communication and collaboration market during the forecast period. The
Physicians segment is expected to register high Y-o-Y growth rates throughout the forecast period.
In terms of value, this segment is expected to expand at a CAGR of 17.2% during the forecast
period.
By region, the Asia Pacific regional market is expected to register high Y-o-Y growth rates
throughout the forecast period. In terms of value, APAC is expected to expand at a CAGR of 18.8%
during the forecast period. In terms of value, the APAC market is anticipated to increase 3.8X
between 2017 and 2025. Clinical communication and collaboration solution providers can focus on