Digital Transformation in Healthcare Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

In healthcare, digital transformation is improving the quality of care and widening access to it. Digital services such as electronic health records, telemedicine, and artificial intelligence devices are being used and offered by healthcare facilities to improve patient care, save time, improve efficiency, reduce errors, and increase staff productivity. Digital transformation in healthcare also improving the standard of care provided to patient by providing patient centric care to patients. It also help to maintain all the heathcare tasks and prevent errors. Now-a-days the medical device companies are also employing digital solutions to improve efficiency.

MARKET SCOPE

The "Global Digital Transformation in Healthcare Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the digital transformation in healthcare market with detailed market segmentation by technology, component, business function, organization size and end user. The report provides key statistics on the market status of the leading digital transformation in healthcare market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on technology the market is segmented as, artificial intelligence(AI), cloud computing, big data and analytics, internet of things(IoT).
  
•   Based on component the market is segmented as, software, hardware and services.
  
•   Based on business function the market is segmented as, customer transformation, workforce transformation, operational transformation, and product transformation.
  
•   Based on organization size the market is segmented as, large enterprises, and small enterprises.
  
•   Based on end user the market is segmented as, hospitals and clinics, pharmaceutical companies, home care settings, and others.
  

MARKET DYNAMICS

Drivers:

•   Advancements in healthcare systems and improvements in healthcare infrastructures.
  
•   Growing demand for digital product and services along with increase in adoption of EHR and EMR.
  
•   Shift from conventional practices to modern healthcare practices.
  
•   Growing trends for e-medicine, e-telehealth are also expected to spur the market growth.
  

Restraints:

•   Whereas, data and security concerns along with high cost associated with digital technology are likley to restrain market growth during the forecast period.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The digital transformation in healthcare market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the digital transformation in healthcare market in these regions.

IMPACT OF COVID-19 ON DIGITAL TRANSFORMATION IN HEALTHCARE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the digital transformation in healthcare market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from digital transformation in healthcare market are anticipated to lucrative growth opportunities in the future with the rising demand for digital transformation in healthcare in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the digital transformation in healthcare market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Accenture
  
•   Adobe
  
•   Cognizant
  
•   Dell
  
•   Google
  
•   IBM
  
•   Microsoft
  
•   Oracle
  
•   SAP
  
•   Broadcom
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Digital Transformation in Healthcare Report Scope