Digital Transformation in Healthcare Market Research Report - Global Forecast till 2027

Global Digital Transformation in Healthcare Market Research Report: By Component (Hardware, Software, Services), by Organization Size (SMEs and Large Enterprises), by Technology (Artificial Intelligence (AI), Cloud Computing, Big Data & Analytics, Internet of Things (IoT) and Cybersecurity), by Business Function (Customer Transformation, Workforce Transformation, Operational Transformation and Product Transformation) - Forecast till 2027

ID: MRFR/ICT/6715-HCR | September 2022 | Region: Global | 111 Pages         

Table of Contents

1. Executive Summary

2. Scope of the Report

2.1. Market Definition

2.2. Scope of the Study

2.2.1. Research Objectives

2.2.2. Assumptions & Limitations

2.3. Markets Structure

3. Market Research Methodology

3.1. Research Process

3.2. Secondary Research

3.3. Primary Research

3.4. Forecast Model

4. Market Landscape

4.1. Porter’s Five Forces Analysis

4.1.1. Threat of New Entrants

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of Substitutes

4.1.4. Intensity of Rivalry

4.1.5. Bargaining Power of Suppliers

4.2. Value Chain/Supply Chain of the Global Digital Transformation in Healthcare Market

5. Market Overview of the Global Digital Transformation in Healthcare Market

5.1. Introduction

5.2. Growth Drivers

5.3. Impact Analysis

5.4. Market Challenges

6. Market Trends

6.1. Introduction

6.2. Growth Trends

6.3. Impact analysis

7. Global Digital Transformation in Healthcare Market, by Component

7.1. Introduction

7.2. Hardware

7.2.1. Market Estimates & Forecast, 2020–2027

7.2.2. Market Estimates & Forecast, by Region, 2020–2027

7.3. Software

7.3.1. Market Estimates & Forecast, 2020–2027

7.3.2. Market Estimates & Forecast, by Region, 2020–2027

7.4. Services

7.4.1. Market Estimates & Forecast, 2020–2027

7.4.2. Market Estimates & Forecast, by Region, 2020–2027

8. Global Digital Transformation in Healthcare Market, by Organization size

8.1. Introduction

8.2. Large enterprises

8.2.1. Market Estimates & Forecast, 2020–2027

8.2.2. Market Estimates & Forecast, by Region, 2020–2027

8.3. SMEs

8.3.1. Market Estimates & Forecast, 2020–2027

8.3.2. Market Estimates & Forecast, by Region, 2020–2027

9. Global Digital Transformation in Healthcare Market, by Technology

9.1. Introduction

9.2. Artificial Intelligence (AI)

9.2.1. Market Estimates & Forecast, 2020–2027

9.2.2. Market Estimates & Forecast, by Region, 2020–2027

9.3. Cloud Computing

9.3.1. Market Estimates & Forecast, 2020–2027

9.3.2. Market Estimates & Forecast, by Region, 2020–2027

9.4. Big Data & Analytics

9.4.1. Market Estimates & Forecast, 2020–2027

9.4.2. Market Estimates & Forecast, by Region, 2020–2027

9.5. Internet of Things (IoT)

9.5.1. Market Estimates & Forecast, 2020–2027

9.5.2. Market Estimates & Forecast, by Region, 2020–2027

9.6. Others

9.6.1. Market Estimates & Forecast, 2020–2027

9.6.2. Market Estimates & Forecast, by Region, 2020–2027

10. Global Digital Transformation in Healthcare Market, by Business Function

10.1. Introduction

10.2. Customer Transformation

10.2.1. Market Estimates & Forecast, 2020–2027

10.2.2. Market Estimates & Forecast, by Region, 2020–2027

10.3. Workforce Transformation

10.3.1. Market Estimates & Forecast, 2020–2027

10.3.2. Market Estimates & Forecast, by Region, 2020–2027

10.4. Operational Transformation

10.4.1. Market Estimates & Forecast, 2020–2027

10.4.2. Market Estimates & Forecast, by Region, 2020–2027

10.5. Product Transformation

10.5.1. Market Estimates & Forecast, 2020–2027

10.5.2. Market Estimates & Forecast, by Region, 2020–2027

11. Global Digital Transformation in Healthcare Market, by End-User

11.1. Introduction

11.2. Hospitals

11.2.1. Market Estimates & Forecast, 2020–2027

11.2.2. Market Estimates & Forecast, by Region, 2020–2027

11.3. Pharmaceutical Companies

11.3.1. Market Estimates & Forecast, 2020–2027

11.3.2. Market Estimates & Forecast, by Region, 2020–2027

11.4. Clinics and laboratories

11.4.1. Market Estimates & Forecast, 2020–2027

11.4.2. Market Estimates & Forecast, by Region, 2020–2027

11.4.3.

12. Global Digital Transformation in Healthcare Market, by Region

12.1. Introduction

12.2. North America

12.2.1. Market Estimates & Forecast, by Country, 2020–2027

12.2.2. Market Estimates & Forecast, by Component, 2020–2027

12.2.3. Market Estimates & Forecast, by Technology 2020–2027

12.2.4. Market Estimates & Forecast, by Business Function 2020–2027

12.2.5. Market Estimates & Forecast, by Organization Size, 2020–2027

12.2.6. Market Estimates & Forecast, by End-User 2020–2027

12.2.7. US

12.2.7.1. Market Estimates & Forecast, by Component, 2020–2027

12.2.7.2. Market Estimates & Forecast, by Organization Size, 2020–2027

12.2.7.3. Market Estimates & Forecast, by Technology 2020–2027

12.2.7.4. Market Estimates & Forecast, by Business Function 2020–2027

12.2.7.5. Market Estimates & Forecast, by End-User 2020–2027

12.2.8. Canada

12.2.8.1. Market Estimates & Forecast, by Component, 2020–2027

12.2.8.2. Market Estimates & Forecast, by Organization Size, 2020–2027

12.2.8.3. Market Estimates & Forecast, by Technology 2020–2027

12.2.8.4. Market Estimates & Forecast, by Business Function 2020–2027

12.2.8.5. Market Estimates & Forecast, by End-User 2020–2027

12.2.9. Mexico

12.2.9.1. Market Estimates & Forecast, by Component, 2020–2027

12.2.9.2. Market Estimates & Forecast, by Organization Size, 2020–2027

12.2.9.3. Market Estimates & Forecast, by Technology 2020–2027

12.2.9.4. Market Estimates & Forecast, by Business Function 2020–2027

12.2.9.5. Market Estimates & Forecast, by End-User 2020–2027

12.3. Europe

12.3.1. Market Estimates & Forecast, by Country, 2020–2027

12.3.2. Market Estimates & Forecast, by Component, 2020–2027

12.3.3. Market Estimates & Forecast, by Organization Size, 2020–2027

12.3.4. Market Estimates & Forecast, by Business Function 2020–2027

12.3.5. Market Estimates & Forecast, by Organization Size, 2020–2027

12.3.6. Market Estimates & Forecast, by End-User 2020–2027

12.3.7. UK

12.3.7.1. Market Estimates & Forecast, by Component, 2020–2027

12.3.7.2. Market Estimates & Forecast, by Organization Size, 2020–2027

12.3.7.3. Market Estimates & Forecast, by Technology 2020–2027

12.3.7.4. Market Estimates & Forecast, by Business Function 2020–2027

12.3.7.5. Market Estimates & Forecast, by End-User 2020–2027

12.3.8. Germany

12.3.8.1. Market Estimates & Forecast, by Component, 2020–2027

12.3.8.2. Market Estimates & Forecast, by Organization Size, 2020–2027

12.3.8.3. Market Estimates & Forecast, by Technology 2020–2027

12.3.8.4. Market Estimates & Forecast, by Business Function 2020–2027

12.3.8.5. Market Estimates & Forecast, by End-User 2020–2027

12.3.9. France

12.3.9.1. Market Estimates & Forecast, by Component, 2020–2027

12.3.9.2. Market Estimates & Forecast, by Organization Size, 2020–2027

12.3.9.3. Market Estimates & Forecast, by Technology 2020–2027

12.3.9.4. Market Estimates & Forecast, by Business Function 2020–2027

12.3.9.5. Market Estimates & Forecast, by End-User 2020–2027

12.3.10. UK

12.3.10.1. Market Estimates & Forecast, by Component, 2020–2027

12.3.10.2. Market Estimates & Forecast, by Organization Size, 2020–2027

12.3.10.3. Market Estimates & Forecast, by Technology 2020–2027

12.3.10.4. Market Estimates & Forecast, by Business Function 2020–2027

12.3.10.5. Market Estimates & Forecast, by End-User 2020–2027

12.3.11. Italy

12.3.11.1. Market Estimates & Forecast, by Component, 2020–2027

12.3.11.2. Market Estimates & Forecast, by Organization Size, 2020–2027

12.3.11.3. Market Estimates & Forecast, by Technology 2020–2027

12.3.11.4. Market Estimates & Forecast, by Business Function 2020–2027

12.3.11.5. Market Estimates & Forecast, by End-User 2020–2027

12.3.12. Rest of Europe

12.3.12.1. Market Estimates & Forecast, by Component, 2020–2027

12.3.12.2. Market Estimates & Forecast, by Organization Size, 2020–2027

12.3.12.3. Market Estimates & Forecast, by Technology 2020–2027

12.3.12.4. Market Estimates & Forecast, by Business Function 2020–2027

12.3.12.5. Market Estimates & Forecast, by End-User 2020–2027

12.4. Asia-Pacific

12.4.1. Market Estimates & Forecast, by Country, 2020–2027

12.4.2. Market Estimates & Forecast, by Component, 2020–2027

12.4.3. Market Estimates & Forecast, by Organization Size, 2020–2027

12.4.4. Market Estimates & Forecast, by Business Function 2020–2027

12.4.5. Market Estimates & Forecast, by Organization Size, 2020–2027

12.4.6. Market Estimates & Forecast, by End-User 2020–2027

12.4.7. China

12.4.7.1. Market Estimates & Forecast, by Component, 2020–2027

12.4.7.2. Market Estimates & Forecast, by Organization Size, 2020–2027

12.4.7.3. Market Estimates & Forecast, by Technology 2020–2027

12.4.7.4. Market Estimates & Forecast, by Business Function 2020–2027

12.4.7.5. Market Estimates & Forecast, by End-User 2020–2027

12.4.8. Japan

12.4.8.1. Market Estimates & Forecast, by Component, 2020–2027

12.4.8.2. Market Estimates & Forecast, by Organization Size, 2020–2027

12.4.8.3. Market Estimates & Forecast, by Technology 2020–2027

12.4.8.4. Market Estimates & Forecast, by Business Function 2020–2027

12.4.8.5. Market Estimates & Forecast, by End-User 2020–2027

12.4.9. India

12.4.9.1. Market Estimates & Forecast, by Component, 2020–2027

12.4.9.2. Market Estimates & Forecast, by Organization Size, 2020–2027

12.4.9.3. Market Estimates & Forecast, by Technology 2020–2027

12.4.9.4. Market Estimates & Forecast, by Business Function 2020–2027

12.4.9.5. Market Estimates & Forecast, by End-User 2020–2027

12.4.10. Singapore

12.4.10.1. Market Estimates & Forecast, by Component, 2020–2027

12.4.10.2. Market Estimates & Forecast, by Organization Size, 2020–2027

12.4.10.3. Market Estimates & Forecast, by Technology 2020–2027

12.4.10.4. Market Estimates & Forecast, by Business Function 2020–2027

12.4.10.5. Market Estimates & Forecast, by End-User 2020–2027

12.4.11. Rest of Asia-Pacific

12.4.11.1. Market Estimates & Forecast, by Component, 2020–2027

12.4.11.2. Market Estimates & Forecast, by Organization Size, 2020–2027

12.4.11.3. Market Estimates & Forecast, by Technology 2020–2027

12.4.11.4. Market Estimates & Forecast, by Business Function 2020–2027

12.4.11.5. Market Estimates & Forecast, by End-User 2020–2027

12.5. Rest of the World

12.5.1. Market Estimates & Forecast, by, Country, 2020–2027

12.5.2. Market Estimates & Forecast, by Component, 2020–2027

12.5.3. Market Estimates & Forecast, by Organization Size, 2020–2027

12.5.4. Market Estimates & Forecast, by Business Function 2020–2027

12.5.5. Market Estimates & Forecast, by Organization Size, 2020–2027

12.5.6. Market Estimates & Forecast, by End-User 2020–2027

12.5.7. The Middle East & Africa

12.5.7.1. Market Estimates & Forecast, by Component, 2020–2027

12.5.7.2. Market Estimates & Forecast, by Organization Size, 2020–2027

12.5.7.3. Market Estimates & Forecast, by Technology 2020–2027

12.5.7.4. Market Estimates & Forecast, by Business Function 2020–2027

12.5.7.5. Market Estimates & Forecast, by End-User 2020–2027

12.5.8. South America

12.5.8.1. Market Estimates & Forecast, by Component, 2020–2027

12.5.8.2. Market Estimates & Forecast, by Organization Size, 2020–2027

12.5.8.3. Market Estimates & Forecast, by Technology 2020–2027

12.5.8.4. Market Estimates & Forecast, by Business Function 2020–2027

12.5.8.5. Market Estimates & Forecast, by End-User 2020–2027

13. Company Profiles

13.1. IBM Corporation

13.1.1. Company Overview

13.1.2. Product/Business Segment Overview

13.1.3. Financial Updates

13.1.4. Key Developments

13.1.5. SWOT Analysis

13.1.6. Key Strategies

13.2. Microsoft Corporation

13.2.1. Company Overview

13.2.2. Product/Business Segment Overview

13.2.3. Financial Updates

13.2.4. Key Developments

13.2.5. SWOT Analysis

13.2.6. Key Strategies

13.3. SAP SE

13.3.1. Company Overview

13.3.2. Product/Business Segment Overview

13.3.3. Financial Updates

13.3.4. Key Developments

13.3.5. SWOT Analysis

13.3.6. Key Strategies

13.4. Dell EMC

13.4.1. Company Overview

13.4.2. Product/Business Segment Overview

13.4.3. Financial Updates

13.4.4. Key Developments

13.4.5. SWOT Analysis

13.4.6. Key Strategies

13.5. Google LLC

13.5.1. Company Overview

13.5.2. Product/Business Segment Overview

13.5.3. Financial Updates

13.5.4. Key Developments

13.5.5. SWOT Analysis

13.5.6. Key Strategies

13.6. Accenture PLC

13.6.1. Company Overview

13.6.2. Product/Business Segment Overview

13.6.3. Financial Updates

13.6.4. Key Developments

13.6.5. SWOT Analysis

13.6.6. Key Strategies

13.7. CA Technologies

13.7.1. Company Overview

13.7.2. Product/Business Segment Overview

13.7.3. Financial Updates

13.7.4. Key Developments

13.7.5. SWOT Analysis

13.7.6. Key Strategies

13.8. Cognizant

13.8.1. Company Overview

13.8.2. Product/Business Segment Overview

13.8.3. Financial Updates

13.8.4. Key Developments

13.8.5. SWOT Analysis

13.8.6. Key Strategies

13.9. Adobe Systems Inc.

13.9.1. Company Overview

13.9.2. Product/Business Segment Overview

13.9.3. Financial Updates

13.9.4. Key Developments

13.9.5. SWOT Analysis

13.9.6. Key Strategies

13.10. Oracle Corporation

13.10.1. Company Overview

13.10.2. Product/Business Segment Overview

13.10.3. Financial Updates

13.10.4. Key Developments

13.10.5. SWOT Analysis

13.10.6. Key Strategies

13.11. Hewlett Packard Enterprise

13.11.1. Company Overview

13.11.2. Product/Business Segment Overview

13.11.3. Financial Updates

13.11.4. Key Developments

13.11.5. SWOT Analysis

13.11.6. Key Strategies

13.12. HCL Technologies

13.12.1. Company Overview

13.12.2. Product/Business Segment Overview

13.12.3. Financial Updates

13.12.4. Key Developments

13.12.5. SWOT Analysis

13.12.6. Key Strategies

13.13. TIBCO Software

13.13.1. Company Overview

13.13.2. Product/Business Segment Overview

13.13.3. Financial Updates

13.13.4. Key Developments

13.13.5. SWOT Analysis

13.13.6. Key Strategies

13.14. Marlabs

13.14.1. Company Overview

13.14.2. Product/Business Segment Overview

13.14.3. Financial Updates

13.14.4. Key Developments

13.14.5. SWOT Analysis

13.14.6. Key Strategies

13.15. Equinix

13.15.1. Company Overview

13.15.2. Product/Business Segment Overview

13.15.3. Financial Updates

13.15.4. Key Developments

13.15.5. SWOT Analysis

13.15.6. Key Strategies

14. Conclusion

 

LIST OF TABLES

Table1 Global Digital Transformation in Healthcare Market, by Country, 2020-2027

Table2 North America: Digital Transformation in Healthcare Market, by Country, 2020–2027

Table3 Europe: Digital Transformation in Healthcare Market, by Country, 2020–2027

Table4 Asia-Pacific: Digital Transformation in Healthcare Market, by Country, 2020–2027

Table5 South America: Digital Transformation in Healthcare Market, by Country, 2020–2027

Table6 North America: Digital Transformation in Healthcare Market, by Country

Table7 North America: Digital Transformation in Healthcare Market, by Component

Table8 North America: Digital Transformation in Healthcare Market, by Organization Size

Table9 North America: Digital Transformation in Healthcare Market, by Technology

Table10 North America: Digital Transformation in Healthcare Market, by Business Function

Table11 North America: Digital Transformation in Healthcare Market, by End-Users

Table12 Europe: Digital Transformation in Healthcare Market, by Country

Table13 Europe: Digital Transformation in Healthcare Market, by Component

Table14 Europe: Digital Transformation in Healthcare Market, by Organization Size

Table15 Europe: Digital Transformation in Healthcare Market, by Technology

Table16 Europe: Digital Transformation in Healthcare Market, by Business Function

Table17 Europe: Digital Transformation in Healthcare Market, by End-Users

Table18 Asia-Pacific: Digital Transformation in Healthcare Market, by Country

Table19 Asia-Pacific Digital Transformation in Healthcare Market, by Component

Table20 Asia-Pacific Digital Transformation in Healthcare Market, by Organization Size

Table21 Asia-Pacific: Digital Transformation in Healthcare Market, by Technology

Table22 Asia-Pacific: Digital Transformation in Healthcare Market, by Business Function

Table23 Asia-Pacific Digital Transformation in Healthcare Market, by End-Users

Table24 Middle East & Africa: Digital Transformation in Healthcare Market, by Country

Table25 Middle East & Africa: Digital Transformation in Healthcare Market, by Component

Table26 Middle East & Africa: Digital Transformation in Healthcare Market, by Organization Size

Table27 Middle East & Africa: Digital Transformation in Healthcare Market, by Technology

Table28 Middle East & Africa: Digital Transformation in Healthcare Market, by Business Function

Table29 Middle East & Africa: Digital Transformation in Healthcare Market, by End-Users

Table30 South America: Digital Transformation in Healthcare Market, by Country

Table31 South America: Digital Transformation in Healthcare Market, by Component

Table32 South America: Digital Transformation in Healthcare Market, by Organization Size

Table33 South America: Digital Transformation in Healthcare Market, by Technology

Table34 South America: Digital Transformation in Healthcare Market, by Business Function

Table35 South America: Digital Transformation in Healthcare Market, by End-Users

 

LIST OF FIGURES

Figure 1 Global Digital Transformation in Healthcare Market Segmentation

Figure 2 Forecast Methodology

Figure 3 Porter’s Five Forces Analysis of Global Digital Transformation in Healthcare Market

Figure 4 Value Chain of Global Digital Transformation in Healthcare Market

Figure 5 Share of Digital Transformation in Healthcare Market in 2020, by country (in %)

Figure 6 Global Digital Transformation in Healthcare Market, 2020–2027

Figure 7 Share of Global Digital Transformation in Healthcare Market by Industry, 2020–2027

Figure 8 Global Digital Transformation in Healthcare Market Size, by Component, 2020

Figure 9 Share of Global Digital Transformation in Healthcare Market, by Component, 2020–2027

Figure 10 Global Digital Transformation in Healthcare Market Size, by Organization Size, 2020

Figure 11 Share of Global Digital Transformation in Healthcare Market, by Organization Size, 2020–2027

Figure 12 Global Digital Transformation in Healthcare Market Size, by Technology, 2020

Figure 13 Share of Global Digital Transformation in Healthcare Market, by Technology, 2020–2027

Figure 14 Global Digital Transformation in Healthcare Market Size, by Business Function, 2020

Figure 15 Share of Global Digital Transformation in Healthcare Market, by Business Function, 2020–2027

Figure 16 Global Digital Transformation in Healthcare Market Size, by End-User, 2020

Figure 17 Share of Global Digital Transformation in Healthcare Market, by End-User, 2020–2027

Global Digital Transformation in Healthcare Market

The Global Digital Transformation in Healthcare Market size is anticipated to grow USD 50.15 billion

Segmentation

By Component Hardware Software Services
By Organization Size Sm Es Large Enterprises
By Technology Artificial Intelligence (Ai) Cloud Computing Big Data & Analytics Internet Of Things (Io T) And Cybersecurity
By Business Function Customer Transformation Workforce Transformation Operational Transformation Product Transformation

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)
  • Hewlett Packard Enterprise (US)
  • HCL Technologies (India)
  • TIBCO Software (US)
  • Marlabs (US)
  • Equinix (US)

Drivers

  • Rise in the need for digital products and services
  • Growing demand for a monitoring system to check on prescribers' general health
Speak to Analyst Request a Free Sample

Digital Transformation in Healthcare Market Overview:
According to the reports, Over the projected period of 2020–2027, the Global Digital Transformation in Healthcare Market size is anticipated to grow USD 50.15 billion, representing a compound annual growth rate of CAGR of 14.5%. Digitization has advanced to the point that it is now being used in a variety of fields. Technology advancements such as artificial intelligence, the Internet of Things, data science, and others are propelling digitalization all over a wide range of business sectors, including medicine. A new generation of skills has emerged as a result of digitalization in the healthcare industry. As a result, the data about a patient may now be transmitted instantly and in live time from whatever device, allowing the medical practitioner to make a choice regarding the course of the patient's surgical procedure.


Furthermore, statistics have emerged as a critical component of the healthcare sector since it lowers the amount of manual labor required by operators by organizing the data in accordance with the needs of the organization. Patients' records, hospital administration, expenses, and diagnostics are just a few of the applications for health informatics. Healthcare analytics additionally offers a mix of administrative and financial data with data that may be used to deliver better services, assist in patient safety, and lead to improvements in the current process by providing better information. When artificial intelligence (AI) was introduced in healthcare, a slew of hospitals, businesses, and clinics saw a significant improvement in their operations. This technology helps patients with their daily activities by trying to remind them of tasks that need to be finished within the day, including taking medication or scheduling follow-up appointments. Even so, the rise in digitalization has resulted in the generation of massive quantities of data. Such data sets, which contain patient records, vital information about organizations, or any other key information, must be protected against data theft, and so this issue is preventing the market from growing at its current pace.


This report contains all the information on the global Global Digital Transformation in Healthcare Market analysis and its strengths. The report also contains the culmination of dynamics, segmentation, key players, regional analysis, and other important factors. And a detailed analysis of the global Global Digital Transformation in Healthcare Market profit, forecast for 2024 is also included in the report.


Digital Transformation in Healthcare Market Covid 19 Analysis:
When it comes to digital healthcare solution providers, this outbreak is generating possibilities since the use of telemedicine and cloud-based technology is gaining momentum. Patients with moderate signs who've already screened positive for COVID-19 are being monitored using mobile health technology.


Even during pandemics, artificial intelligence (AI) particularly played a major role in the identification of COVID-19. Doctors attempted illness detection using Citi scan & X-rays in lieu of time-consuming tests that had previously been used to diagnose the condition. Because the virus was new and its features and symptoms were unclear, physicians were confronted with a large amount of data and a limited amount of time.


Market Dynamic:
Drivers:
Advances in medical systems, as well as advancements in medical infrastructure, A rise in the need for digital products and services, as well as a growth in the use of electronic health records and electronic medical records, Shift away from traditional healthcare methods and toward contemporary healthcare practices, Increasing trends in e-medicine and e-telehealth also are anticipated to contribute to the digital transformation in healthcare market's growth.


Opportunities:


The growing demand for a monitoring system to check on prescribers' general health and the growing preference for electronic information to remind patients to abide by their long duration of therapy are going to support the requirement for attached health and thereby boosting the growth of digital transformation in healthcare market sales.


Restraints:
However, privacy and security issues, as well as the high costs related to digital innovation, are expected to limit market development over the projected period.


Challenges:
The collection, processing, and assessment of information are significant issues in the healthcare sector. Hospitals, pharmacies, and healthcare personnel gather a large quantity of information, which contributes to the issue in part. Another significant issue is the collection and synchronization of data. The growth of telemedicine has resulted in medical visits being conducted via a variety of channels, making it more difficult for healthcare providers to update patients' health data.


Cumulative Growth Analysis:
The need for more comprehensive health services is being fueled by rising per capita healthcare expenditures. Medical and health institutions such as hospitals, pharmacies, and pharmaceutical firms are expanding their investments in information technology infrastructure to better meet the demands of the public and their patients. There will be growing pressure for digital healthcare solutions and services in the coming future as a result of this, it is predicted.


Authorities in nations including Canada and the United States, for example, are emphasizing the implementation of digital projects to encourage innovation and digitalization in the healthcare industry. This is mainly designed to encourage clinics and hospitals to use improved diagnostic equipment and digital healthcare systems in order to provide more effective patient care to their patients. All of these reasons are projected to augment digital healthcare solutions in the foreseeable future.


Value Chain Analysis:
According to the reports, The worldwide digital transformation in the healthcare business has been divided based on component, organization size, technology, business function, end-user, and geography. Components include software, hardware, and consulting services. The market has been divided into three categories based on the component used: hardware, software, and services. The market has been divided based on the size of the organization into big corporations and small and medium-sized businesses (SMEs). The market has been divided based on technology into four categories: artificial intelligence (AI), cloud computing, big data & analytics, and the internet of things (IoT)


Digital Transformation in Healthcare Market Segmentation Overview:
The market is segmented on the basis of components, organization size, technology, business function, end-user, and geography. The global digital transformation in the healthcare market is expected to witness decent growth during the forecast period.


By Application:
Based on the application, the market is segmented into customer transformation, workforce transformation, operational transformation, and product transformation.


By end-users:
Based on the propulsion types, the market is segmented into hospitals, pharmaceutical firms, clinics, and labs.


Digital Transformation in Healthcare Market Regional Analysis:
Global digital transformation in the healthcare market is expected to expand at a considerable pace during the projected period of 2018-2024, according to market research analysts. In order to execute a geographical analysis of digital transformation in healthcare, the following regions were chosen: North America, Europe, Asia-Pacific, and the rest of the world. Attributed to the prevalence of suppliers such as IBM Corporation, Google LLC, Dell EMC, Microsoft Corporation, and other major corporations in North America, the region commanded the highest market share in the year 2018. Through the exchange of factual facts, these businesses are able to provide a wide range of products and services to the healthcare sector, institutions, and clinics, thus propelling the market's expansion.


Digital Transformation in Healthcare Market Competitive Landscape:
Leading companies in the market are engaged in an intense rivalry with one another. Therefore, top businesses seek to enhance and extend their existing product portfolios via greater investments, with the goal of strengthening their competitive position relative to their competitors in order to remain competitive. As a result, throughout the forecast timeframe, the worldwide digital transformation in the healthcare industry is anticipated to see strong industrial competition, according to industry analysts.


Digital Transformation in Healthcare Market 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)

  • Hewlett Packard Enterprise (US)

  • HCL Technologies (India)

  • TIBCO Software (US)

  • Marlabs (US)

  • Equinix (US) among other.  


Report Overview:
The following report comprises of –


  • Market overview

  • Covid 19 Analysis

  • Market Dynamic

  • Drivers

  • Opportunities

  • Restraints

  • Challenges

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segmentation Overview

  • By Application

  • By End-Users

  • Regional Analysis

  • Competitive landscape


Recent Developments:
In February 2021 of a global strategic alliance between HCL Technologies and Alteryx, Inc., a leader in analytic process automation (APA). The alliance aims to assist companies around the world in achieving their analytics mechanisation and digitalization objectives. Moreover, as a result of this strategic partnership, HCL has been designated as an Alteryx Elite Alliance Partner.


Digital Transformation in Healthcare Market Segments:
Solution:
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)



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 50.15 Billion (2027)
  CAGR   14.5% (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Component, by Organization Size, by Technology
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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), Hewlett Packard Enterprise (US), HCL Technologies (India), TIBCO Software (US), Marlabs (US), Equinix (US)
  Key Market Opportunities   The increase in digitalization has led to large-scale data generation, these data sets, containing patient information, critical information about the organizations, and any other crucial information need to be secured against data breaches, this issue is hampering the growth of the market.
  Key Market Drivers   Increasing cyber-attacks targeting healthcare institutions are also driving the market in the region.


Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

The global market of digital transformation in healthcare is expected to expand at 14.5% CAGR across the forecast period (2020–2027) due to a plethora of benefits digitalization has bought to the healthcare industry. The positive impact of modern technologies is expected to increase the digital transformation in healthcare market worth. MRFR estimated the worldwide digital transformation in healthcare market to worth USD 50.15 billion by 2027.

IBM Corporation (US), SAP SE (Germany), Microsoft Corporation (US), Google LLC (US), Dell EMC (US), and Accenture PLC (Ireland) are some leading digital transformation in healthcare solutions providers.

The presence of numerous digital transformation in healthcare solutions developers and suitable technical base in the US are some of the factors that are expected to let the digital transformation in healthcare market in the North America stay ahead of the growth curve.

Disruptive technologies, such as artificial intelligence (AI), big data & analytics, cloud computing, and internet of things (IoT) are deployed extensively in the healthcare industry that is likely to bolster the expansion of the global digital transformation in healthcare market.

Digitalization is observed to have a huge impact on the healthcare sector. Remote treatment and monitoring of patients are possible due to digitalization. IoT and improved network connectivity are benefitting the healthcare sector in several ways.