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 | February, 2021 | Region : Global

Market Synopsis


The Global Digital Transformation in the Healthcare Market is estimated to reach USD 50.15 billion by 2024, registering a CAGR of 14.5% during the forecast period of 2019–2024.


Advances in digital technology have led to its use in several applications. The introduction of technologies such as AI, IoT, big data, and others are driving the digitalization across industry verticals including healthcare. Digitalization has transformed the healthcare sector with new capabilities. Now the information of a patient can be shared immediately from any device in real-time, letting the medical professional take the decision about the process of surgery for the patient. There are various factors which are driving digital transformation in healthcare such as demand for increased efficiency and success rate of surgeries, rising utilization of smartphones and mobile apps related to healthcare, rapid adoption of cloud services and increasing penetration of IoT devices. Moreover, analytics has become an essential part for the healthcare industry as it reduces the manual work for the operators by arranging the records as per the requirement. The healthcare analytics provides insights for patient records, hospital management, costs, diagnosis, and more. Healthcare analytics also provides a combination of financial and administrative data with the information that can offer better services, aid patient care, and can lead to improving the existing procedure


With the introduction of AI in healthcare, various hospitals, companies, and clinics have undergone advancement in their processes where this technology assists the patient with their daily routines by reminding them the task to be completed within a day such as taking medicine, follow-ups, and others. However, 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 Players


MRFR recognizes the key players in the global digital transformation in healthcare market as 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.  


Segmentation


The global digital transformation market has been segmented based on component, organization size, technology, bussiness fuction, end-user, and region.


By component, the market has been segmented into hardware, software, and services.


By organization size, the market has been segmented into large enterprises and SMEs.


By technology, the market has been segmented into artificial intelligence (AI), cloud computing, big data & analytics, and internet of things (IoT)


By business function, the market has been segmented into customer transformation, workforce transformation, operational transformation, and product transformation


By end-user, the market has been segmented into hospitals, pharmaceutical companies, and clinics and laboratories.


By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.


Global Digital Transformation in Healthcare, 2018–2024 (USD Billion)  Digital Transformation in Healthcare


Source: MRFR Website


Regional Analysis


The global digital transformation in healthcare market is estimated to grow at a significant rate during the forecast period from 2018 to 2024. The geographical analysis of digital transformation in healthcare has been conducted for North America (the US, Canada, Mexico), Europe (the UK, Germany, France, Spain, Italy, the rest of Europe),  Asia-Pacific (China, Japan, India, Singapore, and the rest of Asia-Pacific), and the rest of the world (Middle East and Africa and South America).


North America held the largest market share in 2018 due to the presence of vendors such as IBM Corporation, Microsoft Corporation, Dell EMC,  Google LLC, among others. These companies are offering various solutions and services for the healthcare industry, hospitals, and clinics by sharing the information in real-time which drives the growth of market. Moreover, increasing cyber-attacks targeting healthcare institutions are also driving the market in the region. Europe holds the second largest market share in digitalization of healthcare, due to the presence of various countries such as the UK, France, Germany, Italy, and others.


Intended Audience



  • Home Healthcare Equipment Manufacturers

  • Home Health Software Vendors

  • Home Healthcare Service Providers

  • Medical Devices Companies

  • Research and Development (R&D) Companies

  • Nursing Services Providers

  • Government Research Institutes

  • Academic Institutes and Universities

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

Digital Transformation Healthcare Market