About Digital Transformation in Healthcare
Digital transformation in healthcare is the positive impact of technology in healthcare. Here's why: Telemedicine, artificial intelligence (AI)-enabled medical devices, and block chain electronic health records are just a few concrete examples of digital transformation in healthcare which are completely reshaping how healthcare business interacts with patients, healthcare providers and regulators., how data is shared among providers and how decisions are made about treatment plans and health outcomes. Digital transformation in healthcare not only increased efficiency but also eliminates humans from the processes.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to United Kingdom Digital Transformation in Healthcare market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Accenture PLC (Ireland), Adobe Systems (United States), Crayon (Norway), CA Technologies (United States), Cognizant (United States), Dell EMC (United States), Google LLC (United States), IBM Corporation (United States), Microsoft Corporation (United States), Oracle Corporation (United States), SAP SE (Germany), TCS (India), Royal Philips (Netherland), GE Healthcare (United States), Honeywell Life Care Solutions (United States), Stanley Healthcare (United States), Waracle (United Kingdom), HQSoftware (Estonia) and Qulix Systems (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Diabetizer GmbH & Co. Kg (Germany), Proteus Digital Health (United States), Adheretech (United States), Cerner (United States), Physiq (United States) and Fujitsu (Japan).
Segmentation Overview
AMA Research has segmented the market of United Kingdom Digital Transformation in Healthcare market by and Region.
On the basis of geography, the market of Digital Transformation in Healthcare has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. Large Enterprises will boost the Digital Transformation in Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Artificial Intelligence (AI) will boost the Digital Transformation in Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Business Function, the sub-segment i.e. Customer Transformation will boost the Digital Transformation in Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the Digital Transformation in Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals and Clinics will boost the Digital Transformation in Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Importance of Big Data in Healthcare Sector, The Growth of Wearable Medical Devices and Electronic Health Records for Medical Data Management
Market Growth Drivers:
Advancements in Healthcare Fuelling the Market Growth, Increase in Demand for Digital Products, Growing Adoption Rate of EHRS and EMRS and COVID-19 Pandemic Has Fueled the Demand of Digital Transformation in Healthcare
Challenges:
High Competition Among Major Players
Restraints:
Security Concerns for Patient Data and High Cost for Maintenance Hampers the Growth
Opportunities:
Rise in Awareness about 3D Printing, Improvements in the Health Care Infrastructure and Payers and Standards Bodies Can Accelerate and Sustain Technological Advancement by Adapting Reimbursement Guidelines
Market Leaders and their expansionary development strategies
In 2023, Microsoft and Providence St. Joseph Health announced a partnership to develop and implement a new AI-powered platform for managing patient data. The platform will use Microsoft Azure cloud technology to improve data analytics and insights, ultimately leading to better patient care.
In 2022, Microsoft and Humana partnered to develop and deploy a cloud-based care management platform. The platform will use Microsoft Azure cloud services and Humana's clinical expertise to improve care coordination and outcomes for Humana's members.
Key Target Audience
Healthcare Technology Companies, Healthcare Providers, Regulatory & Government Bodies, Upstream & Downstream Vendors, Regulatory & Government Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.