Digital Transformation in Healthcare Market
The ‘global digital transformation healthcare market analysis’ is a specialized and in-depth study of the healthcare industry, with a scrupulous focus on the global market trend analysis. Market Research Future digs the reality and states that the global digital transformation healthcare market can garner to reach USD 50.15 billion by 2024, at a CAGR of 14.5% during the forecast period of 2019–2024. The study also provides key statistics on the status of the leading market by focusing on key drivers, market players, key trends and opportunities for the future.
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Key Drivers & Challenges
The foremost factors driving the growth of the global digital transformation healthcare market are the introduction of technologies such as AI, IoT, big data, and more. The advances in digital technology have equally led to extensive use in several applications that have been driving the digitalization across the healthcare industry, globally. Since past years, digitalization has transformed the healthcare sector to a great extent with new capabilities. Digitalization has now enabled quick and easy access to information of a patient and can be shared immediately from any device in real-time. Such innovation has let the medical professional take prompt decision about the process of surgery for the patient.
At the same time, various factors that are forwarding the digital transformation in healthcare are mounting demand for increased efficiency and success rate of surgeries. In addition, the growing use of smartphones and mobile apps related to healthcare, fast adoption of cloud services and escalating penetration of IoT devices have also contributed significantly to the market’s growth.
On the other hand, at present, analytics has become an indispensable part of the healthcare industry. It reduces the manual work for the operators with the help of arranging the records as per the requirement. The healthcare analytics provide insights for patient records, hospital management and costs, and diagnosis. Healthcare analytics also offers financial and administrative data with the information that provide better services, aid patient care, and can lead to improving the existing procedure. These factors have also contributed to the market’s growth and are expected to go on rising during the assessment period.
On the flip side, the factor of the mount in digitalization has led to large-scale data generation with patient information, critical information about the organizations, data breaches, and much other crucial details can hamper the growth of the digital transformation healthcare market in its growth period.
Market Segmentation
The worldwide digital transformation market, as per the study, is segmented by component, organization size, technology, business function, and end-user.
With respect to the component: Hardware, software, and services are the segments.
With respect to organization size: Large enterprises and SMEs are the segments.
With respect to technology: Artificial intelligence (AI), cloud computing, big data & analytics, and internet of things (IoT) are the segments.
Market Players
MRFR study recognizes the market players in the global digital transformation healthcare market such as Cognizant (US), SAP SE (Germany), Dell EMC (US), Microsoft Corporation (US), Accenture PLC (Ireland), CA Technologies (US), IBM Corporation (US), Google LLC (US). Adding to more, Oracle Corporation (US), Adobe Systems (US), HCL Technologies (India), TIBCO Software (US), Marlabs (US), Hewlett Packard Enterprise (US), Equinix (US) and to name a few are contributing to the market’s share.
Industry News
November 2019
ISPOR, the professional society for health economics and outcomes research (HEOR), convened more than 5500 global healthcare stakeholders and representing more than 90 countries from all sectors of healthcare, including researchers and academicians, assessors and regulators, payers and policymakers, the life sciences industry, healthcare providers, and patient engagement organizations. The record attendance of ISPOR Europe 2019 marks the Society’s largest conference to date.
SYDNEY: Hospitals across the region came together to share their digital transformation experiences at the first annual Healthcare Asia Pacific Customer Meeting. It was held by InterSystems, a global leader in information technology platforms for health, business and government.
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Digital Transformation in Healthcare MarketThe global digital transformation in healthcare market is expected to register a CAGR of 14.5% during the forecast period of 2019–2024.
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.
There are various benefits of digital transformation in healthcare; for instance, it protects private, public and other critical information with the help of integration of cybersecurity solutions.
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.Regional AnalysisThe 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.
Digital Transformation Healthcare In MarketThe ‘global digital transformation healthcare market analysis’ is a specialized and in-depth study of the healthcare industry, with a scrupulous focus on the global market trend analysis.
Market Research Future digs the reality and states that the global digital transformation healthcare market can garner to reach USD 50.15 billion by 2024, at a CAGR of 14.5% during the forecast period of 2019–2024.
The study also provides key statistics on the status of the leading market by focusing on key drivers, market players, key trends and opportunities for the future.Key Drivers & ChallengesThe foremost factors driving the growth of the global digital transformation healthcare market are the introduction of technologies such as AI, IoT, big data, and more.
Since past years, digitalization has transformed the healthcare sector to a great extent with new capabilities.
Digitalization has now enabled quick and easy access to information of a patient and can be shared immediately from any device in real-time.
Such innovation has let the medical professional take prompt decision about the process of surgery for the patient.At the same time, various factors that are forwarding the digital transformation in healthcare are mounting demand for increased efficiency and success rate of surgeries.
OverviewThe digital transformation in healthcare market is anticipated to grow by US$50.15 billion by 2027 rapidly growing at a CAGR of 14.5% during the forecast period 20120 to 2027.
The global digital transformation in healthcare market is driven by demand for process optimisation and success of surgeries along with advances in new technologies.
These factors have helped shape the digital transformation in healthcare market and are expected to boost the growth.
Additionally, the market on the basis of end-users, is segmented into clinics and laboratories, pharmaceutical companies, and hospitals.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/8187Factors like the use of smartphones and mobile apps for health care have expanded as well as To boost rapid identification of cloud systems, and a growing infill of the IT networks support the digital transformation in healthcare market growth.
The performance of digital transformation in healthcare market has also been studied for the past and current years.
The digital transformation in healthcare market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world.
The global digital transformation in healthcare market is driven by demand for process optimisation and success of surgeries along with advances in new technologies.
These factors have helped shape the digital transformation in healthcare market and are expected to boost the growth.
The performance of digital transformation in healthcare market has also been studied for the past and current years.
The digital transformation in healthcare market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world.
A detailed analysis of the digital transformation in healthcare market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
New companies and established businesses can plan their strategies based on this data provided in the digital transformation in healthcare market research report.
