According to the research reports by MRFR, the global market for Digital Transformation in Healthcare Market is predicted to thrive considerably during the assessment timeframe from 2022 to 2030 at a healthy growth rate of approximately 14.5%. The reports further predict the market will attain around USD 50.15 billion by the end of 2027.
The global market for Digital Transformation in Healthcare Market has demonstrated a massive expansion in recent times owing to the aspects such as technological advancements, the new generation of skills, advances in medical systems, advancements in medical infrastructure, rise in the need for digital products & services, growing trends in e-medicine & e-telehealth, and growing demand for a monitoring system. However, privacy & security issues are likely to limit the market’s performance.
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Key Players
- IBM Corporation (US)
- Microsoft Corporation (US)
- SAP SE (Germany)
- Dell EMC (US)
- Google LLC (US)
- Accenture PLC (Ireland)
- CA Technologies (US)
- Cognizant (US)
- Adobe Systems (US)
- Oracle Corporation (US)
- HCL Technologies (India)
Digital Transformation in Healthcare Market Market Segments:
Software:
- Electronic Health Record (EHR) Software
- Connected Medical Billing
- Healthcare Information System (HIS)
- Healthcare CRM Software
- Healthcare ERP Software
- Healthcare Collaboration Tools
- Telehealth Software (Remote Patient Monitoring)
- Others
Service:
- Digital Transformation Consulting
- Digital Transformation Technology Implementation & Integration
- Support & Maintenance
- Others
End User:
- Hospitals & Clinics
- Pharma Companies
- Life Science & Biotech Companies
- Healthcare Insurance Providers
- Others
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
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Regional Analysis
The global market for Digital Transformation in Healthcare Market is analysed across five critical geographies: Asia-Pacific, Europe, Latin America, North America, and the Middle East & Africa.
The analysis Digital Transformation in Healthcare Market reports by MRFR suggest that the North American region secured the top spot across the global market for Digital Transformation in Healthcare Market in 2018. The region is known for the presence of various leading participants across the globe, such as Microsoft Corporation, IBM Corporation, Dell EMC, Google LLC, and other major corporations, which is considered the central aspect of the primary parameter supporting the growth of the regional market. All through the trade of factual facts, these businesses can offer a massive variety of products and services to the healthcare sector, clinics, and institutions that are also likely to catalyse the growth of the regional Digital Transformation in Healthcare Market over the coming years. the region has the United States as the leading growth contributor. Furthermore, the developing technologies involved in digitalization include AI, virtual reality, IoT, and others. According to the National Institute on Aging, the number of people above 65 and over in the United States will likely double in the next three decades, boosting the Digital Transformation in Healthcare Market growth. In addition, the rising number of government initiatives across the region is also predicted to boost the regional market’s growth over the review timeframe. Moreover, the rise in per capita healthcare is also predicted to catalyse the performance of the regional market over the review period.
Competitive Analysis
The global market for Digital Transformation in Healthcare Market has a solid and competitive landscape. The players across the global market are focusing more and more on research & development activities to launch innovative products. Furthermore, these players are implementing several growth policies, such as mergers, acquisitions, partnerships, etc., to strengthen their global market footprint.
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Recent Developments
- November 2022- Tribun Health and GE Healthcare have announced a collaboration with a motive to offer digital pathology departmental solutions supplying healthcare providers with a more holistic view of patient records. The collaboration aims to get a data management solution by interfacing Tribun’s Health Suite data into GE Healthcare’s solution, like Edison Datalogue, GE Healthcare’s vendor-neutral archive (VNA).
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