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MARKET OUTLOOK

Triton Market Research’s report estimates that the digital transformation in healthcare market in Europe will witness growth at a CAGR of 28.06% during 2021-2028. Spain, Russia, Italy, the United Kingdom, France, Germany, and Rest of Europe form the market in this region.

Germany is among the leading nations gaining a substantial share in the studied market. Moreover, the pandemic outbreak led to the rise in demand for digital health across the country. As per estimates, a majority of medical professionals are using digital health technologies, including mobile applications. Additionally, the government passed the Digital Health Care act aiming to catalyze the digital transformation of the healthcare system. These regulations have significantly benefited the start-ups as they enable doctors to prescribe digital health solutions to patients. Besides, it is estimated that digital transformation will be necessary with the country moving towards more innovations in digital health applications. Thus, such factors drive the expansion of Germany’s digital transformation in healthcare market. 

Similarly, the French government is encouraging healthcare professionals to contribute towards digitalization. For instance, the national health ID is developed to enable patients to follow their care path effectively, adding to the market’s growth. Approved in the National e-Health Policy, the national insurance card helps patients gain easy access to medical teleservices. Moreover, it also permits nurses to offer telecare, in addition to pharmacists and medical assistants. These factors amplify the adoption of teleservices and other digital medical services to the patients, in turn, boosting the digital transformation in healthcare market’s growth. 

COMPETITIVE OUTLOOK 

Some of the distinguished firms in the digital transformation in healthcare market consist of Alphabet Inc (Google), Apple Inc, Medtronic Plc, Tata Consultancy Services Ltd, Microsoft Corporation, Philips Healthcare, and Accenture Plc.