< Key Hightlight >

MARKET OUTLOOK

Triton Market Research’s report implies that the global digital transformation in healthcare market is likely to register growth at a CAGR of 27.84% over the forecasting period 2021-2028.

The market’s growth is driven by numerous factors, including the rising need for qualified healthcare professionals and an increase in e-health adoption. As per WHO, there has been substantial growth in the adoption of electronic health records over the years. It is predicted that more IT firms will concentrate on developing real-time applications and software relating to the healthcare sector. This will increase the demand for digitization globally. 

Additionally, the rise in electronic health records, coupled with government initiatives for enhancing health services, is expected to generate lucrative opportunities for the global market over the forecast period.

REGIONAL OUTLOOK

The global digital transformation in healthcare market encompasses the regions of North America, Asia-Pacific, Latin America, Europe, and Middle East and Africa.

The Asia-Pacific is calculated to observe the fastest growth rate in the digital transformation in healthcare market over the estimated phase. Among the major countries, China, India, and Japan are likely to contribute largely to the market’s growth. Moreover, due to the rise in coronavirus patients, the governments in the region have imposed strict rules, which will drive the studied market’s growth. For instance, the rise in digital solutions to treat patients during the pandemic has increased smartphone demand. Other than this, China and India are adopting IT technologies in the healthcare sector, which will supplement the growth of the digital transformation in healthcare market over the forecasted period. 

COMPETITIVE OUTLOOK

The key companies in the digital transformation in healthcare market are Schneider Electric SE, Siemens Healthineers, Cognizant Technology Solutions, International Business Machines Corporation (IBM), Wipro Ltd, HCL Technologies Ltd, Tata Consultancy Services Ltd, Infosys Limited, Accenture Plc, Microsoft Corporation, Medtronic Plc, Apple Inc, Philips Healthcare, Alphabet Inc (Google), and GE Healthcare.

Accenture Plc is a global technology service and outsourcing firm offering services to its clientele through a global delivery network across 50 centres. Its product portfolio includes DevOps, a cloud-based ADOPP platform that helps create immediate support for MHRA. The company’s products are offered to multiple end-users, including health services, communications, media, financial services, and others. Accenture has operations in various countries across the Asia-Pacific, Latin America, and North America regions. It is headquartered in Dublin, Ireland.