PUBLISHER: The Business Research Company | PRODUCT CODE: 1760546
PUBLISHER: The Business Research Company | PRODUCT CODE: 1760546
Healthcare business collaboration tools are digital platforms that enable communication, coordination, and data sharing among healthcare providers, administrators, and patients. Their purpose is to improve the efficiency of healthcare workflows, enhance patient care, and streamline operations by allowing seamless collaboration between various stakeholders in the healthcare system.
These tools primarily fall into two categories conferencing software and communication and coordination software. Conferencing software refers to digital platforms and applications that facilitate real-time communication and collaboration between individuals or groups, regardless of their physical locations. These solutions can be deployed in the cloud or on-premises, and they serve end-users ranging from large healthcare institutions to smaller and medium-sized organizations.
The healthcare business collaboration market research report is one of a series of new reports from The Business Research Company that provides healthcare business collaboration market statistics, including healthcare business collaboration industry global market size, regional shares, competitors with a healthcare business collaboration market share, detailed healthcare business collaboration market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare business collaboration industry. This healthcare business collaboration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The healthcare business collaboration tools market size has grown exponentially in recent years. It will grow from $32.06 billion in 2024 to $40.45 billion in 2025 at a compound annual growth rate (CAGR) of 26.2%. The growth during the historic period can be attributed to the rising adoption of electronic health records, the growing need for effective care coordination, the increase in telemedicine usage, the demand for remote patient monitoring, and the ongoing digitization efforts by healthcare providers.
The healthcare business collaboration tools market size is expected to see exponential growth in the next few years. It will grow to $102.22 billion in 2029 at a compound annual growth rate (CAGR) of 26.1%. The growth during the forecast period can be attributed to a greater emphasis on remote patient monitoring, improved patient care through better communication, enhanced efficiency and workflow optimization, the rise of interdisciplinary collaboration, the adoption of cloud-based solutions, and a strong focus on data security and compliance. Key trends expected in the forecast period include advancements in artificial intelligence integration, the use of wearable health devices, the adoption of virtual and augmented reality, blockchain technology for data security, predictive analytics for proactive care, integrated diagnostic platforms, and advancements in healthcare cybersecurity.
The increasing emphasis on remote patient monitoring (RPM) is expected to fuel the growth of the healthcare business collaboration tools market. RPM is a healthcare approach that utilizes digital technologies to collect and transmit patients' health data from a distance to healthcare providers for assessment and guidance. The rising demand for RPM is largely driven by the growing aging population and the associated increase in chronic diseases, which require ongoing, long-term care and real-time health tracking. Healthcare business collaboration tools enhance remote patient monitoring by facilitating real-time data sharing and communication, ensuring timely interventions and coordinated care. These tools improve patient outcomes by supporting continuous monitoring and promoting efficient decision-making among healthcare teams. For example, in April 2024, Insurance Thought Leadership Inc., a U.S.-based insurance and risk management organization, reported that telehealth usage surged to over 53 million Medicare participants, with 91% of health systems implementing telehealth programs. As such, the rising focus on remote patient monitoring is driving growth in the healthcare business collaboration tools market.
Key players in the healthcare business collaboration tools market are focusing on developing advanced solutions, such as healthcare artificial intelligence (AI) models, to provide enhanced support, alleviate patient pain, and improve coordination for better healthcare delivery. Healthcare AI models are sophisticated systems that integrate and analyze diverse medical data to enhance clinical decision-making and patient outcomes. For example, in October 2024, Microsoft Corporation, a U.S.-based company, launched Microsoft Cloud for Healthcare to boost patient engagement, team collaboration, and healthcare insights. This innovative healthcare business collaboration tool, powered by AI models, streamlines communication, improves workflow efficiency, and fosters seamless coordination among healthcare teams, ultimately enhancing patient care and operational performance. Microsoft Cloud for Healthcare enhances patient care, team collaboration, and operations through AI-driven insights and secure data management.
In June 2022, Oracle Corporation, a U.S.-based software company, acquired Cerner Corporation for an undisclosed amount. This acquisition allows Oracle to strengthen its healthcare offerings by integrating Cerner's expertise in electronic health records and healthcare information technology. It expands Oracle's cloud-based services, improves patient care, and supports data-driven decision-making across healthcare systems. Cerner Corporation, a U.S.-based healthcare technology company, provides solutions for healthcare business collaboration tools.
Major players in the healthcare business collaboration tools market are Verizon Communications Inc., Google LLC, HP Inc., Salesforce Inc., Steris plc, Zoho Corporation, Teladoc Health Inc., RingCentral Inc, Doximity Inc., Health Catalyst Inc., Microsoft Corporation, FreshBooks, Zocdoc Inc., TigerConnect Inc., Celo Health, Health Gorilla, OnPage Corporation, FlowForma Limited, Gladinet Inc, Zoom Video Communications Inc.
Europe was the largest region in the healthcare business collaboration tools market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in healthcare business collaboration tools report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the healthcare business collaboration tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The healthcare business collaboration tools market consists of revenues earned by entities by providing services such as telehealth consultations, secure communication services, workflow automation, cybersecurity services, and training and implementation of collaboration platforms. The market value includes the value of related goods sold by the service provider or included within the service offering. The healthcare business collaboration tools market also includes sales of electronic health record (EHR) systems, telemedicine solutions, patient management software, workflow automation tools, and secure messaging platforms. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Healthcare Business Collaboration Tools Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on healthcare business collaboration tools market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for healthcare business collaboration tools ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The healthcare business collaboration tools market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.