Market Overview:
The global HIPAA compliant messaging software market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for secure and efficient communication among healthcare providers. The cloud-based segment is expected to grow at a higher CAGR than the web-based segment during the forecast period, owing to its advantages such as scalability, flexibility, and cost-effectiveness. By application, hospitals are expected to account for the largest share of the global HIPAA compliant messaging software market in 2018. However, health systems are projected to witness highest growth during the forecast period due from rising demand for secure communication among healthcare providers across different regions.
Product Definition:
HIPAA compliant messaging software is software that is designed to send and receive PHI in a secure manner. The importance of HIPAA compliant messaging software is that it helps healthcare providers meet the HIPAA requirements for protecting PHI.
Cloud-based:
Cloud-based software is a type of software service model that involves the delivery of application functionality through the internet by using a cloud computing infrastructure. The basic difference between on-premise and cloud services is that with on-premise solutions, data and applications are stored locally in the server’s memory or hard drive. Whereas, with cloud based solutions all data and applications are stored remotely in servers provided by third party vendors called as “cloud service providers” (CSP).
Web-based:
HIPAA compliant messaging software is used to send text or multimedia messages to one or more individuals on their mobile phones. It is also used by businesses for sending marketing and promotional SMSs. HIPAA compliant messaging service can be accessed from any location through a web interface as well as through applications installed on the user’s phone.
Application Insights:
Based on application, the market has been segmented into hospitals, health systems and other organizations. The hospitals segment dominated the overall industry in terms of revenue in 2017. This is attributed to factors such as increasing hospital admissions and rising expenditure by patients with chronic diseases requiring medical consultation & treatment. As a result, demand for efficient communication solutions that allow effective collaboration between departments is expected to drive the growth of this segment over the forecast period.
The other organizations segment is anticipated to register significant growth over the forecast period owing to factors such as an increase in demand for secure messaging applications among companies and institutions conducting financial transactions or handling confidential data. Furthermore, an increase in need for secure communication channels among employees engaged in inter-company communications or external suppliers supporting a company's operations will further boost industry expansion over next few years.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, high adoption rate of new technologies, and increasing focus on patient safety & security. The U.S is one of the most technologically advanced countries with an emphasis on innovation and new discoveries.
On-premise solutions are anticipated to witness significant growth owing to their ease of implementation as compared to hosted solutions that come with certain additional benefits such as mobility.
Growth Factors:
- Increasing demand for secure and efficient communication in the healthcare sector
- Rising number of cyber-attacks and data breaches in the healthcare industry
- Proliferation of mobile devices and BYOD policies in the healthcare sector
- Stringent government regulations and compliance requirements for data security and privacy
- Growing demand for cloud-based messaging solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
HIPAA Compliant Messaging Software Market Research Report
By Type
Cloud-based, Web-based
By Application
Hospitals, Health Systems
By Companies
Luma Health, SimplePractice, TigerConnect, VSee, OnCall Health, Lua, Qliq Secure Texting, Imprivata Cortext, Klara, Spok, Doc Halo, MatrixCare
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
143
Number of Tables & Figures
101
Customization Available
Yes, the report can be customized as per your need.
Global HIPAA Compliant Messaging Software Market Report Segments:
The global HIPAA Compliant Messaging Software market is segmented on the basis of:
Types
Cloud-based, Web-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Health Systems
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Luma Health
- SimplePractice
- TigerConnect
- VSee
- OnCall Health
- Lua
- Qliq Secure Texting
- Imprivata Cortext
- Klara
- Spok
- Doc Halo
- MatrixCare
Highlights of The HIPAA Compliant Messaging Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- Web-based
- By Application:
- Hospitals
- Health Systems
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the HIPAA Compliant Messaging Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
HIPAA compliant messaging software is a type of software that helps healthcare organizations communicate securely and confidentially with patients, employees, and other individuals who need to be kept confidential. It can help prevent the unauthorized disclosure of patient information, protect the privacy of employees, and ensure compliance with HIPAA regulations.
Some of the major players in the hipaa compliant messaging software market are Luma Health, SimplePractice, TigerConnect, VSee, OnCall Health, Lua, Qliq Secure Texting, Imprivata Cortext, Klara, Spok, Doc Halo, MatrixCare.
The hipaa compliant messaging software market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 HIPAA Compliant Messaging Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 HIPAA Compliant Messaging Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 HIPAA Compliant Messaging Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the HIPAA Compliant Messaging Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global HIPAA Compliant Messaging Software Market Size & Forecast, 2018-2028
4.5.1 HIPAA Compliant Messaging Software Market Size and Y-o-Y Growth
4.5.2 HIPAA Compliant Messaging Software Market Absolute $ Opportunity
Chapter 5 Global HIPAA Compliant Messaging Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 HIPAA Compliant Messaging Software Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 Web-based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global HIPAA Compliant Messaging Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 HIPAA Compliant Messaging Software Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Health Systems
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global HIPAA Compliant Messaging Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 HIPAA Compliant Messaging Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America HIPAA Compliant Messaging Software Analysis and Forecast
9.1 Introduction
9.2 North America HIPAA Compliant Messaging Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America HIPAA Compliant Messaging Software Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 Web-based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America HIPAA Compliant Messaging Software Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Health Systems
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe HIPAA Compliant Messaging Software Analysis and Forecast
10.1 Introduction
10.2 Europe HIPAA Compliant Messaging Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe HIPAA Compliant Messaging Software Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 Web-based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe HIPAA Compliant Messaging Software Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Health Systems
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific HIPAA Compliant Messaging Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific HIPAA Compliant Messaging Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific HIPAA Compliant Messaging Software Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 Web-based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific HIPAA Compliant Messaging Software Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Health Systems
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America HIPAA Compliant Messaging Software Analysis and Forecast
12.1 Introduction
12.2 Latin America HIPAA Compliant Messaging Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America HIPAA Compliant Messaging Software Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 Web-based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America HIPAA Compliant Messaging Software Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Health Systems
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) HIPAA Compliant Messaging Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) HIPAA Compliant Messaging Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) HIPAA Compliant Messaging Software Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 Web-based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) HIPAA Compliant Messaging Software Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Health Systems
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 HIPAA Compliant Messaging Software Market: Competitive Dashboard
14.2 Global HIPAA Compliant Messaging Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Luma Health
14.3.2 SimplePractice
14.3.3 TigerConnect
14.3.4 VSee
14.3.5 OnCall Health
14.3.6 Lua
14.3.7 Qliq Secure Texting
14.3.8 Imprivata Cortext
14.3.9 Klara
14.3.10 Spok
14.3.11 Doc Halo
14.3.12 MatrixCare
