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Digital Transformation Market in Healthcare is expected to Witness a CAGR Of 13.7% by 2027, Owing to Increasing Adoption of Wearable and Mobile Devices in Healthcare Sector

October 20th, 2020 Coherent Market Insights Releases

Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

According to The Global Digital Transformation Market In Healthcare Report, by Type (Solution (Connected Electronic Health Record (EHR), Connected Billing Solution, Connected Healthcare Information System, CRM Solution, ERP Solution, Collaboration Tools, and Remote Patient Monitoring)) and Service (Customer Service (Wearable Device & Smartphone App, Cloud-based, Big Data Analytics, and Healthcare Mobility), Business Process Outsourcing (BPO), Consulting, and Integration Service), By End User (Clinic, Government Hospital, Specialty Hospital, & General Hospital), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa), published by Coherent Market Insights, the global digital transformation market in healthcare was valued at US$ 2,632.4 Mn in 2018 and is expected to grow at a CAGR of 13.7% during the forecasted period (2019-2027).

Get Sample PDF Brochure with Impact of COVID19: https://www.coherentmarketinsights.com/insight/request-pdf/3172

The adoption of digital technologies in healthcare services is termed as digital transformation in healthcare. Increasing adoption of wearable and mobile devices in healthcare is expected to boost growth of the global digital transformation market in healthcare over the forecast period. Moreover, development and launch of wearable devices is also expected to aid in growth of the market. For instance, in January 2018, Apple Inc. announced the launch of personal health record (PHR) feature with iOS 11.3.

Increasing adoption of smartphones and increasing number of internet users is expected to offer lucrative growth opportunities for players in the market. For instance, according to Internet World Stats, there are around 4,536,248,808 internet users present in 2019, which is more than half of the world’s population. Moreover, increasing adoption of mobility services and big data analytics in the healthcare sector is also expected to boost growth of the global digital transformation market in healthcare over the forecast period.

Browse Press Release: https://www.coherentmarketinsights.com/press-release/digital-transformation-market-in-healthcare-2573

However, use of cloud services and Internet of Things (IoT) devices in the healthcare sector increases the risk of data theft and cyber-attacks, which is expected to hamper growth of the market.

Among regions, North America held dominant position in the global digital transformation market in healthcare in 2018, accounting for 53.5% share in terms of value, followed by Europe, and Asia Pacific, respectively. The market is also expected to retain its dominance during the forecast period, owing to increasing adoption of remote patient monitoring solutions and other cloud-based solutions in the healthcare sector in the region. The market in Europe is driven by increasing adoption of predictive analytics in the healthcare industry.

Latin America is expected to exhibit a CAGR of 17.1% during the forecast period. Market growth in Latin America is driven by increasing adoption of predictive healthcare analytics and mobility services in the healthcare sector. For instance, in 2013, Hospital Israelita Albert Einstein (Brazil) deployed healthcare information technology (HIT) solutions to generate automated healthcare information to streamline its healthcare operations.

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Key players in the market are focused on adopting partnership and collaboration strategies to expand their product portfolio. For instance, in April 2019, GE Healthcare Limited partnered with Nasscom to encourage startups on digital healthcare solutions in India. Similarly, in May 2019, AT&T Inc. partnered with Gozio Health to expand mobile wayfinding and patient engagement platform to healthcare systems.

Key Takeaways:

  • Increasing adoption of wearable and mobile devices in healthcare is expected to boost growth of the global digital transformation market in healthcare over the forecast period
  • Major players operating in the global digital transformation market in healthcare include, Accenture PLC., AT&T Inc., CGI Group Inc., Deloitte LLP, GE Healthcare Limited, Siemens Healthineers, IBM Corporation, PWC LLP, NTT Data Services and Syntel Inc.

Have a Look at Related Research Insights:

eHealth Software and Services Market, By Type (eHealth Software (Healthcare System Applications, mHealth Applications (Solutions for patients)), eHealth Services (Tele-Health, mHealth)), By End User (Public/Private healthcare institutions, Physicians, Healthcare workers, Individuals), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Size, Share Outlook, and Opportunity Analysis, 2020 – 2027

Healthcare Mobility Solutions Market, By Type (Mobile Devices, Mobile Applications, Enterprise Mobility Platforms), By Application (Enterprise Solutions, mHealth Applications), By End User (Payers, Providers, Patients), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Size, Share Outlook, and Opportunity Analysis, 2020 – 2027

IT-enabled Healthcare Market, By Type (Software (Administrative Information Systems (AIS), Electronic Medical Record (EMR), Nursing Information Systems (NIS), Computer Assisted Diagnosis (CAD), Ancillary Information Systems), Services (Tele-Health, Healthcare Diagnostics, Remote Patient Monitoring, Healthcare Education, mHealth)), By End User (Public/Private healthcare institutions, Physicians, Healthcare workers, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Size, Share Outlook, and Opportunity Analysis, 2020 – 2027

About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 150 countries worldwide. We pride ourselves in catering to clients across the length and width of the horizon, from Fortune 500 enlisted companies, to not-for-profit organization, and startups looking to establish a foothold in the market. We excel in offering unmatched actionable market intelligence across various industry verticals, including chemicals and materials, healthcare, and food & beverages, consumer goods, packaging, semiconductors, software and services, Telecom, and Automotive. We offer syndicated market intelligence reports, customized research solutions, and consulting services.

To know more about us, please visit our website – www.coherentmarketinsights.com

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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