PMR’s research study on the global market for secure messaging technology in healthcare covers insights about market trends, value (US$ Mn) projections, recent developments, and dynamics in the secure messaging in healthcare market for the forecast period of 2019 - 2029.
The secure messaging in healthcare market is projected to expand at a CAGR of ~20%. North America accounted for a market share of ~60% in 2018 will remain the prominent regional market in terms of value. The primacy of North American market is attributed to continued investments of enterprises in the region in healthcare technology with an aim to improve operational efficiency.
Rising Concern Towards Protection of Patient Data
Secure messaging in healthcare is an integral part of protecting the patient information and ensuring healthcare cybersecurity. These factors are driving the growth of the secure messaging in healthcare market. The Health Insurance Portability and Accountability Act (HIPAA) make the necessity to maintain privacy for protected health information to all healthcare providers. This secure messaging in healthcare provides a user-friendly and cloud-based channel for HIPAA IT compliance. These are significant factors boosting the secure messaging in healthcare market growth.
Benefits in Collaboration with End-Point Security Providers
Collaboration with end-point security providers will create positive impact on secure messaging in healthcare vendors to enhance their user experience by providing enhance security to IT systems and mobile communication devices. With this, they will be able to provide their customers with more robust functionalities and interface capabilities of their secure messaging in healthcare platform.
Integrating Secure Messaging Platform with Wearable Devices
The emergence of wearable devices has created new opportunities for secure messaging in healthcare vendors to integrate their platform with such devices, in order to facilitate real-time patient monitoring. The use of secure messaging in healthcare platforms provides multiple communication functionalities such as text messaging and voice communication. Therefore, such integration will create more opportunities to amplify market capabilities.
Growth Opportunities Abound in Asia Pacific
The secure messaging in healthcare market providers are focusing on increasing their businesses opportunities across countries in the Asia Pacific region such as China, India, and Indonesia to improve the operational efficiency for healthcare organizations, promote care coordination during visits, and address patient questions and concerns. All these factors are supporting the increasing demand for secure messaging in healthcare. In addition, technological advancements in the healthcare sector such as usage of secure electronic messaging and mobile software technology for healthcare are bolstering the secure messaging in healthcare market growth.
Secure Messaging in Healthcare Market – Competition Landscape
The secure messaging in healthcare, providers are opting for strategic partnership with other small and regional players in the market to meet its growing demand in various end-user industries including hospitals, clinics, and laboratories. The key players in the secure messaging in healthcare market collectively hold 50-55% of the total market share. Some of the prominent players in secure messaging in healthcare market are Imprivata Inc., Vocera Communications, Spok Inc., Athena Health, Inc., Cerner Corporation, and TigerText.
Key Questions Answered in Secure Messaging in Healthcare Market Report
Over the last few years, mobile devices and web-based desktop environments are creating potential growth opportunities for the secure messaging in healthcare market. However, other factors contributing to the growth of the secure messaging in healthcare market include user-friendly administrative console, create and monitor user groups, and track user analytics and insights.
This PMR study provides an in-depth analysis and forecast of the global secure messaging in healthcare market for the period 2019-2029. The secure messaging in healthcare market study considers 2018 as the base year, with market values estimated for 2019, and forecast developed for the duration of 2019-2029.
Compound average growth rate (CAGR) has been presented for 2019-2029. The study covers various perspectives of the global secure messaging in healthcare market, including competition analysis, market dynamics, value chain, pricing analysis, as well as regional and segmental growth comparison with macroeconomic factors. Increasing usage of secure messaging in healthcare in multiple applications for various industries such as hospitals, clinics, and laboratories among others contributes to the growth of the secure messaging in healthcare market.
The report by PMR carefully examines the secure messaging in healthcare market at a global as well as at a regional level, through market segmentation on the basis of multiple parameters such as component, end user industry, and lastly on the basis of prominent regions.
The primary objective of the report is to offer valuable insights on market updates, competition positioning, growth rates, other relevant information, and statistics in a suitable manner to readers or various stakeholders in the secure messaging in healthcare market. Subsequently, the study aims to analyze the most recent trends, dynamics, and potential strategies in the global secure messaging in healthcare market.
The report is structured in such a manner, which allows readers to develop a thorough understanding of the secure messaging in healthcare market. It begins with market explanation, which is summarized as market definition, followed by market background, market dynamics, and market analysis by key segments, regional analysis, and competition landscape. Every section delivers a qualitative and quantitative assessment/analysis of the market of secure messaging in healthcare on the basis of facts, historical and current developments, key opinions collected from industry experts and participants through interviews, and global trends in the market.
Secure Messaging in Healthcare Market: Segmentation
The global market of secure messaging in healthcare values represented in the report have been presented by collecting data and information at the regional level. The secure messaging in healthcare market information covers unique analysis such as absolute $ opportunity, along with key facts and insights, year-on-year(Y-o-Y) growth trend comparison, market share, and attractiveness analysis for each of the sub-types covered in each segment of this secure messaging in healthcare market report.
The report also exhibits a summarized analysis of the global secure messaging in healthcare market based on the seven prominent regions. The section includes trends, regional market position, growth potential, and attractiveness analysis for each of these regions. All the segments present the current market scenario of the global secure messaging in healthcare market, while the forecast presented assesses the market size in terms of value as well volume.
In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the global secure messaging in healthcare market is expected to develop in the future. Given the characteristics of the secure messaging in healthcare market, we triangulated the outcome of three different types of analysis: primary research, secondary research, and our own analysis. However, forecasting the market in terms of various segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the completion of the forecast exercise.
All the secure messaging in healthcare market segments and sub-segments have been analyzed on key feature of the secure messaging in healthcare market report is the analysis of all the key segments in the secure messaging in healthcare market, sub-segments, and regional adoption and revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market; however, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential reComponents from a sales and delivery perspective in the secure messaging in healthcare market.
In the final section of the secure messaging in healthcare market report, a competitive landscape of the secure messaging in healthcare market has been included to provide report audiences with a dashboard view categorized on the basis of providers present in the value chain, their presence in the secure messaging in healthcare market, and key differentiating factors and strategies. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the secure messaging in healthcare market.
Report audience can gain segment-specific vendor insights to identify and evaluate key competitors on the basis of the in-depth assessment of their capabilities and success in the secure messaging in healthcare marketplace. Detailed company profiles are shortlisted and included under the scope of the report to evaluate their short as well as long term strategies, product offerings and current developments in the market of secure messaging in healthcare platforms.