Digital Transformation in Healthcare Market Size to Reach USD 1156.58 Billion, With a CAGR of 32.40% CAGR by 2030
The Global Digital Transformation in Healthcare Market size is anticipated to grow USD 1156.58 billion by 2030. There are various factors contributing to the growth of digital transformation in healthcare, such as, the increasing requirement for a secured path among health organizations, hospitals, clinics doctors, companies and others for information sharing, which has become convenient with the advent of digital transformation. Moreover, the increasing generation of data by pharmaceutical companies, hospitals, medical research organization has also led to market growth.
There are
various benefits of Digital Transformation in
Healthcare Market; for
instance, it protects private, public and other critical information with the
help of integration of cybersecurity solutions. Additionally, AI is currently
being used in the detection of diseases such as breast cancer with more
accuracy and precision at its early stage as compared to traditional
mammograms. According to the American Cancer Society, AI is capable of
providing 30 times faster results with 99% accuracy which reduces the need for
unnecessary biopsies.
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The prominent
players keep innovating and investing in research and development to present a
cost-effective product portfolio. There has been recent mergers and
acquisitions among the key players, a strategy the business entities emphasize
strengthening their reach to the customers.
Regional
Analysis
The global
digital transformation in the healthcare market is estimated to grow at a
significant rate in the future. The geographical analysis of digital
transformation in the healthcare market has been conducted for North America,
Europe, Asia-Pacific, and the rest of the world.
North America
dominates the global digital transformation in the healthcare market, by
region, due to the early adoption of the digital transformation across
healthcare industry. and increasing requirement of these solutions for securing
the authenticated information. Additionally, the increasing online tractions
among the healthcare enterprises and users is also increasing in the region
also drives the growth of the market. The market in North America has been
further segmented based on countries into the US, Canada, and Mexico. The US
holds the largest market share in North America, followed by Canada and Mexico.
The US dominates in the region due to the presence of various key vendors such
as IBM Corporation, Microsoft Corporation, Dell EMC and others.
The Europe is
has the second largest market share in digital transformation due to presence
of various countries such as UK, Germany, France, Italy, Norway, and others
which are adoting new technologies such AI, IoT technology, analytics in
healthcare and other technology and solution for to improve their
healthcare facilities, which leads to fuel the market growth.
Moreover,
Asia-Pacific is considered to be the fastest-growing region due to the rapid
adoption of digitalization in the region by developing economies such as India,
China, South Korea, and others. The increasing adoption of digital technologies
such as AI, AR, VR, blockchain, and others in the region is also considered to
drive the market. Moreover, various healthcare companies are using cloud
computing to secure and share their data securely. Moreover, the government is
also investing in digital transformation of various countries, which eventually
is expected to fuel the growth of the market.
Major Key
Players:
MRFR
recognizes the key players in the global digital transformation in healthcare
market as 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.
Key Segments:
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.
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
Continued….
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List of Table
Table1 Global Digital Transformation In Healthcare Market, By Country,
2018-2024
Table2 North America: Digital Transformation In Healthcare Market, By
Country, 2018–2024
Table3 Europe: Digital Transformation In Healthcare Market, By Country,
2018–2024
Table4 Asia-Pacific: Digital Transformation In Healthcare Market, By
Country, 2018–2024
Table5 South America: Digital Transformation In Healthcare Market, By
Country, 2018–2024
Continued….
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 2018,
By Country (In %)
Continued….
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