As per the industry analysis report titled ‘GLOBAL DIGITAL TRANSFORMATION IN HEALTHCARE MARKET 2021-2028’, available with MarketStudyReport, global digital transformation in healthcare market is slated to record a robust growth rate of 27.84% during 2021-2028.
 

Escalating adoption of e-health records and rising necessity for qualified healthcare practitioners are boosting global digital transformation in healthcare market growth. Further, governments across the globe are increasingly focusing on formulating policies towards enhancing health services.

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However, high costs of technology upgradation, safety concerns pertaining to medical data, and stringent regulatory landscape are likely to negatively impact the growth trajectory of the business sphere in the upcoming years, claims the study.

The industry is fragmented in terms of product & service, technology (AI, blockchain, AR VR, telehealth, MHealth, big data analytics, IOMT, robotics), delivery model (cloud, on-premises), application (customer, workforce, product, operational), end-user (homecare, provider, payer, healthcare, life sciences, others) and region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).  A meticulous segmental analysis is provided to enable stakeholders to understand the core areas they should focus on to amplify returns in the upcoming years.

As per the regional analysis, Asia Pacific digital transformation in healthcare market is anticipated to showcase strong growth over the analysis period, creditable to rising adoption of IT in healthcare sector across emerging economies like India and China, and the pandemic-induced lockdown restrictions forcing both patients and medical professionals to use telehealth services.

The competitive landscape of this domain is defined by key players like Siemens Healthineers AG, International Business Machines Corporation (IBM), Tata Consultancy Services Ltd., Medtronic plc, Microsoft Corporation, GE Healthcare, Apple Inc., Wipro Ltd., Schneider Electric SE, Infosys Ltd., Accenture plc, Cognizant Technology Solutions Corporation, Philips Healthcare, and Alphabet Inc.

These companies are constantly directing their efforts towards R&D activities and other strategies to improve their product offerings and meet growing consumer demands, so as to maintain a strong foothold in the marketplace.