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Healthcare sector financials

Average Mkt Cap
#27 of 49
$12 B
Lowest CAGR
#41 of 49
15 %
Healthcare communication systems allow for secure messaging between providers, reducing the risk of miscommunication and medical errors. Communication systems can also help providers collaborate more effectively, improving patient outcomes. One example of a communication system is Vocera, which provides hands-free communication through wearable devices.

0 FDA approvals in Healthcare Communication Systems

Improved Patient Care

"Effective communication is critical to delivering high-quality patient care... Communication systems that provide real-time access to patient information and enable collaboration between providers can help improve patient outcomes." - Healthcare Information and Management Systems Society, June 2021

Streamlined Workflows

"Communication systems can help streamline clinical workflows, reducing the time and effort required to manage patient care... This can result in improved efficiency, productivity, and job satisfaction among providers." - HealthTech Magazine, November 2021

Improved Patient Satisfaction

"Effective communication with patients is a key factor in patient satisfaction... Communication systems that enable timely and accurate communication with patients can help improve their overall experience with the system." - PatientEngagementHIT, January 2022

Investor sentiment

MarketsandMarketsApril 2021

"...The global communication systems market is expected to grow at a CAGR of over 12% during the forecast period 2021-2026, driven by the increasing adoption of communication solutions for clinical collaboration, patient engagement, and telemedicine, and the growing need for secure and interoperable communication platforms."

ResearchAndMarketsJune 2021

"...The global communication systems market is expected to reach $19.6 billion by 2027, driven by the increasing adoption of communication solutions for clinical collaboration, patient engagement, and telemedicine, and the growing demand for user-friendly and integrated communication platforms."

Sector leaders

    Vocera Communications

    Vocera's technology is used in hospitals and other medical facilities to improve communication and workflow among care teams. The wearable badges, which are voice-activated, enable hands-free communication for clinicians, while the mobile app allows secure messaging and real-time alerts.
    www.vocera.com
    Revenue:$143
    Employees:615

    Spok

    Spok provides clinical communication solutions to hospitals and systems. The company's software enables secure messaging, paging, and voice communication among care teams. Spok's solutions also integrate with EHRs to enable care providers to view patient information and manage care from a single platform.
    www.spok.com
    Revenue:$162
    Employees:600
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