< Key Hightlight >

MARKET OUTLOOK

According to Triton Market Research, the North America digital transformation in healthcare market is estimated to gather a CAGR of 26.67% during the years 2021-2028. The United States and Canada together form the market in this region.

The pandemic outbreak propelled the healthcare sector toward digital transformation in Canada. Here, the demand for virtual care has enhanced the design of various medical products, improving the delivery of healthcare services. Additionally, there has been a rise in collaborations among public and private sectors to ensure the wellbeing of people. Other than this, the research and development segment has helped develop various treatments, increasing the investments in digital health. Furthermore, according to the Canadian Healthcare Network, it is proposed that by 2025 patient care will move towards digital health on a wide scale. Hence, such changes supplement the growth of the digital transformation in healthcare market. 

In the United States, the healthcare sector is moving towards digitalization at a rapid pace, owing to the deployment of various technologies, including AI, VR, and IoT. Moreover, the augment in the number of hospitals and clinics has enhanced the need for advanced and quick medical services. This increases the need for customized digital medical services. Along with this, the rise in the geriatric population is increasing the need for advanced solutions like telemedicine. Therefore, the rise in the need for digital medical services will widen the scope and growth of the digital transformation in healthcare market within the US. 

COMPETITIVE OUTLOOK

The key companies thriving in the digital transformation in healthcare market include Tata Consultancy Services Ltd, Schneider Electric SE, Microsoft Corporation, Infosys Limited, Apple Inc, GE Healthcare, and Siemens Healthineers.