Digital Transformation in Healthcare Market Size, Share Report, Analysis, Trends, Growth, 2030

Digital Transformation in Healthcare Market

Digital Transformation in Healthcare Market – By Technology (Artificial Intelligence, IoT, Cloud Computing, and Big Data), By End-User (Hospitals & Clinics, Pharmaceutical Companies, and Home care Settings), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Biotechnology Report Format : PDF Pages: 120 Report Code: ZMR-6359 Published Date: Jun-2021 Status : Published
Market Size in 2019 Market Forecast in 2026 CAGR (in %) Base Year
USD 2.81 Billion USD 5.31 Billion 12.5% 2019

Digital Transformation in Healthcare Market

Digital Transformation in Healthcare Industry Perspective:

The global Digital Transformation in Healthcare Market Size, which was estimated at about 2.81 (USD Billion) in 2019 and is predicted to accrue earnings worth 5.31 (USD Billion) by 2026, is set to record a CAGR of nearly 12.5% during 2020-2026.

The report offers a valuation and analysis of Digital Transformation in Healthcare market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Digital Transformation in Healthcare: Overview

Digital transformation in healthcare sector has helped physicians focus on adopting the patient-centric approach in healthcare. Apart from this, digital transformation will help doctors streamline functionalities, know the requirements of patients, build patient loyalty, and create patient trust in healthcare institutions. The requirement of improving the quality of healthcare services and the need for increasing its global reach as well as its access to remote or distant locations will enhance the digital transformation trends in the healthcare sector over the forecast timeline.

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Digital Transformation in Healthcare: Growth Drivers

Acceptance of digital systems in the healthcare industry will proliferate the expansion of digital transformation in healthcare sector over the upcoming years. Apart from this, the introduction of wearable equipment in the healthcare sector will pave the way for the expansion of digital transformation in the healthcare market over the assessment period. In addition to this, the surging acceptance of smartphones as well as the rise in the penetration of the web will steer digital transformation in the healthcare industry over 2020-2026.

Furthermore, a massive focus on online & remote clinical support is predicted to create humungous requirements for online connectivity in the healthcare sector, thereby driving market trends. Apparently, the need for an uninterrupted supply of power and the strengthening of IT systems will define the growth of digital transformation in the healthcare industry over the forecast timespan. However, the large-scale utility of cloud solutions & IoT in the healthcare sector enhances the issues of cyber-crimes & data breaches, thereby hampering business growth.

Moreover, surge in the telemedicine trends across the globe will create lucrative growth avenues for digital transformation in healthcare market over 2020-2026. The onset of big data and the need for easy access to medical information will proliferate digital transformation in the healthcare industry size over the upcoming years. The emergence of the medical transcription sector and the need for digitizing healthcare records has resulted in the launching of healthcare apps, thereby further escalating the growth of digital transformation in the healthcare industry.

Digital Transformation in Healthcare Market: Report Scope

Report Attributes Report Details
Report Name Digital Transformation in Healthcare Market Research Report
Market Size in 2019 USD 2.81 Billion
Market Forecast in 2026 USD 5.31 Billion
Growth Rate CAGR of 12.5%
Number of Pages 255
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered PWC LLP, Siemens Healthineers, Accenture PLC., GE Healthcare Limited, AT&T Inc., CGI Group Inc., Deloitte LLP, IBM Corporation, NTT Data Services, and Syntel Inc.
Segments Covered By End-User, By Technology, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)
Base Year 2019
Historical Year 2016 to 2019
Forecast Year 2020 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Digital Transformation in Healthcare Market: Regional Landscape

North America To Contribute Majorly Towards Overall Market Size By 2026

The expansion of digital transformation in healthcare industry in North America over the forecast timeline is owing to a rise in the acceptance of remote patient monitoring activities in Canada and the U.S. In addition to this, the adoption of cloud services in the healthcare industry and the rise in the use of predictive analytics in healthcare services will embellish the regional market growth over 2020-2026.

Digital Transformation in Healthcare Market: Competitive Space

Key players profiled in the study are 

  • PWC LLP
  • Siemens Healthineers
  • Accenture PLC.
  • GE Healthcare Limited
  • AT&T Inc.
  • CGI Group Inc.
  • Deloitte LLP
  • IBM Corporation
  • NTT Data Services
  • Syntel Inc.

The global Digital Transformation in Healthcare Market is segmented as follows:

By End-User:

  • Hospitals & Clinics
  • Pharmaceutical Companies
  • Home care settings

By Technology:

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

Acceptance of digital systems in healthcare industry will proliferate the expansion of digital transformation in healthcare sector over the upcoming years. Apart from this, introduction of wearable equipment in healthcare sector will pave a way for the expansion of digital transformation in healthcare market over the assessment period. In addition to this, surging acceptance of smartphones as well as rise in the penetration of web will steer digital transformation in healthcare industry over 2020-2026.

According to Zion Market Research report, the global Digital Transformation in Healthcare market Size which was estimated at about 2.81 (USD Billion) in 2019 and is predicted to accrue earnings worth 5.31(USD Billion) by 2026, is set to record a CAGR of nearly over 12.5% during 2020-2026.   

North America is likely to make noteworthy contributions towards overall market revenue. 

Key players profiled in the study are PWC LLP, Siemens Healthineers, Accenture PLC., GE Healthcare Limited, AT&T Inc., CGI Group Inc., Deloitte LLP, IBM Corporation, NTT Data Services, and Syntel Inc.

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