Secure Messaging in Healthcare is anticipated to have CAGR of ~6.7% over 2019-2028. It is a server-based approach, which is designed to protect sensitive data when sent beyond the corporate borders and provides compliance with market regulations such as GLBA, HIPAA, and SOX. The key factor which is anticipated to propel the market include surge in investments over the healthcare technology. Furthermore, the need for having patient information regarding the previous incidences of diseases and the allergic responses would propel the market to grow in the near future. Furthermore, surge in the mergers and acquisition of the key players would gain maximum attention and hence boost the market growth in near future.

Top Driver: Surge in concern towards protection patient data to boost the industry

Secure Messaging in Healthcare is projected to grow with the rise in concern towards the protection of patient data. Furthermore, there are a lot cases published where in allergic responses are seen, this has led to the need to maintain records regarding the incidences. The increase in the need to ensure healthcare cyber security would help the industry to grow in the forecast period. The Health Insurance Portability and Accountability Act (HIPAA) make the need to uphold privacy for protected health information to all healthcare providers. Furthermore, this secure messaging in healthcare provides a user-friendly and also cloud-based channel for HIPAA IT compliance.

Hospitals to Make Crucial Contribution to Growth of Global Secure Messaging in Healthcare Market

Among end user segments of the global Secure Messaging in Healthcare market, hospitals are expected to gain maximum shares. This owes to the fact that the patient flow is more in the hospitals and the numbers of patents attended are also higher. The need to keep patient records has been emerged due to the drug reactions that are seen and are studied as a part of clinical trial, which is in post-marketing phase. The logistics are used to study the pattern of response of drugs with food and other drugs.

According to Food and Drug Administration, 6.7% of hospitalized patients have a serious adverse drug reaction with a fatality rate of 0.32%. There are more than 2,216,000 serious ADRs in hospitalized patients, causing over 106,000 deaths annually. This information will play key role in helping the healthcare professionals in the hospitals to give appropriate treatment for the disease as it consists of both inpatient and outpatient. Long-Term care is observed to experience highest CAGR due to the growth in the incidences of chronic conditions.

    Rise in  the patient population to Benefit North American Market

North America is experiencing highest revenue growth than any other country and is anticipated to boost in the coming years. Owing to the increase in the patient population especially experiencing chronic conditions are anticipated to boost the industry in the coming years. Asia Pacific region is experiencing highest CAGR and would grow in the coming years. The surge in the population and the unhealthy lifestyle adapted would boost the industry in the forecast period. Furthermore, rise in demand for maintaining secrecy regarding the patient information is anticipated to boost the industry in the near future.

Due to outbreak of COVID-19, the growth in the need for hospitalization has been observed. The need for the hour is to be able to provide maximum number of beds to the patients, owing to the highest growth rate of the disease spread. The growth in the demand of hospitalization is observed and hence the market is anticipated to flourish in the current scenario.

Players to Focus on advanced Secure Messaging in Healthcare

The global Secure Messaging in Healthcare market leaders include Patientsafe Solutions, Inc., Spok Inc., Vocera Communications, Inc., Cerner Corporation, TigerText, Athena Health, Inc., Imprivata Inc., CellTrust Corporation, Voalte and Amtelco.

Patientsafe Solutions, Inc.: In September 2019, PatientSafe Solutions, a leader in clinical communication and collaboration solutions for the healthcare enterprise, had released a suite of new functionality within the PatientTouch Clinical Communication platform. Care team efficiency and satisfaction is strengthened with enhancements for physicians and new mobile-enabled clinical workflows for nurses.

Spok Inc.: In March 2020, California-based B. Riley Financial, Inc. had declared that it looking to invest in healthcare communications systems with its proposed acquisition of Virginia’s Spok Holdings, Inc. In a regulatory filing today, Spok confirmed it received a letter from the diversified financial services provider, offering to purchase all of its outstanding common stock for $12 per share.

Imprivata: In April 2015, Imprivata, the healthcare IT security company, announced it had acquired HT Systems, the market leading provider of palm-vein based biometric patient identification systems, to enter into the emerging patient identification market. The acquisition of HT Systems and its PatientSecure biometric patient identification technology supports Imprivata’s long-term vision to be the leading provider of healthcare IT security solutions that increase provider productivity, enable patient engagement, and improve patient safety.

Scope of the Report

By Type

• Secure Patient Information
• Secure Forms Processing
• Direct Secure Messaging
• Medical Compliance
• Secure File Transfer

By Component

• Services
• Software

By Application

• Clinics
• Laboratories
• Hospitals
• Rehabilitation Centers
• Long Term Care

By Region

• North America
• Europe
• Asia Pacific
• LAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.