CRM in Healthcare Market Size to grow by USD 8.01 billion between 2023-2027
Technavio, a leading provider of market research reports, has released its latest study on CRM in Healthcare Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.
Key Highlights:
The market size is estimated to grow by USD 8.01 billion, at a CAGR of 8.85% during the forecast period. The healthcare industry's CRM market is experiencing significant growth due to the increasing adoption of cloud-based CRM solutions. These solutions offer several advantages over traditional on-premise models, including scalability, flexibility, and cost-effectiveness. Healthcare practitioners can effectively manage patient relationships and access patient data from any location and on any device using cloud-based CRM systems. This is particularly beneficial in the current landscape of remote and virtual patient care, which has gained prominence during the COVID-19 pandemic. Cloud-based CRM solutions also provide advanced privacy and security features to ensure the protection of sensitive patient data. The flexibility and accessibility of these solutions make them an indispensable tool for healthcare organizations in today's digital age.
For insights on company offerings- Request a sample report!
The North American healthcare CRM market has experienced robust growth over the past decade, driven in part by government initiatives such as the US Affordable Care Act (ACA). The ACA, enacted in March 2010, encourages the adoption of patient interaction technologies, including CRM systems, and the use of electronic health records (EHRs). This trend continues with Salesforce's recent partnership with the University of Colorado Health. Under this collaboration, Salesforce's CRM platform will be utilized to optimize population health management, streamline care coordination, and boost patient engagement within the healthcare sector.
About Technavio
Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/