Events Calendar

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A Behavioral Health Collision At The EHR Intersection
2014-09-30    
2:00 pm - 3:30 pm
Date/Time Date(s) - 09/30/2014 2:00 pm Hear Why Many Organizations Are Changing EHRs In Order To Remain Competitive In The New Value-Based Health Care Environment [...]
Meaningful Use and The Rise of the Portals
2014-10-02    
12:00 pm - 12:45 pm
Meaningful Use and The Rise of the Portals: Best Practices in Patient Engagement Thu, Oct 2, 2014 10:30 PM - 11:15 PM IST Join Meaningful [...]
Adva Med 2014 The MedTech Conference
2014-10-06    
All Day
Adva Med 2014 The MedTech Conference October 6-8, 2014 McCormick Place Chicago, IL For more information, visit, advamed2014.com For Registration details, click here  
Public Health Measures Meaningful Use
2014-10-09    
12:00 pm - 12:45 pm
Public Health Measures Meaningful Use: Reporting on Public Health Measures Join Meaningful Use expert Jim Tate for a three part series of webinars addressing MU [...]
2014 Hospital & Healthcare I.T. Conference
2014-10-13    
All Day
Join us at our 2014 Hospital & Healthcare I.T. Conference and experience the following: Up to 125 Hospital & Healthcare I.T. executives from America’s most prestigious [...]
Connected Health Care 2014
Key Trends That will be Discussed at the Conference! Connected Healthcare 2014 is set to explore the crucial topics that are revolutionizing the connected health industry: [...]
HealthTech Conference
2014-10-14    
All Day
HealthTech Capital is a group of private investors dedicated to funding and mentoring new "HealthTech" start ups at the intersection of healthcare with the computer [...]
Health Informatics & Technology Conference (HITC-2014)
2014-10-20    
All Day
Information technology has ability to improve the quality, productivity and safety of health care mangement. However, relatively very few health care providers have adopted IT. [...]
HIMSS Amsterdam 2014
2014-10-20    
12:00 am
About HIMSS Amsterdam 2014 This year, the second annual HIMSS Amsterdam event will be taking place on 6-7 November 2014 at the Hotel Okura. The [...]
Patient Portal Functionality and EMR Integration Demonstration
2014-10-22    
2:00 pm - 3:30 pm
This purpose of this webcast is to present a demonstration to show how the Patient Portal integrates with EMR, as well as discuss how this [...]
Connected Health Symposium 2014
Symposium 2014 - Connected Health in Practice: Engaging Patients and Providers Outside of Traditional Care Settings Collaborating with industry visionaries, clinical experts, patient advocates and [...]
CHIME College of Healthcare Information Management Executives
2014-10-28 - 2014-10-31    
All Day
The Premier Event for Healthcare CIOs Hotel Accomodations JW Marriott San Antonio Hill Country 23808 Resort Parkway San Antonio, Texas 78761 Telephone: 210-276-2500 Guest Fax: [...]
The Myth of the Paperless EMR
2014-10-29    
2:00 pm - 3:00 pm
Is Paper Eluding Your Current Technologies; The Myth of the Paperless EMR Please join Intellect Resources as we present Is Paper Eluding Your Current Technologies; The Myth [...]
Events on 2014-09-30
Events on 2014-10-02
Events on 2014-10-06
Events on 2014-10-09
Events on 2014-10-13
Events on 2014-10-14
Connected Health Care 2014
14 Oct 14
San Diego
HealthTech Conference
14 Oct 14
San Mateo
Events on 2014-10-20
HIMSS Amsterdam 2014
20 Oct 14
Amsterdam
Events on 2014-10-23
Events on 2014-10-28
Events on 2014-10-29
Latest News

Digital transformation market in healthcare is projected to 13.7%

Future Market Insights (FMI) delivers key insights on the Global Digital Transformation Market in Healthcare in its latest report titled “Digital Transformation Market in Healthcare: Global Industry Analysis and Opportunity Assessment 2015 – 2025”. The global digital transformation market in healthcare is projected to register a healthy double-digit CAGR of 13.7% during the forecast period due to various factors, regarding which FMI offers vital insights in detail in its report.

On the basis of type, the market has been segmented into solutions and services. The solutions segment accounted for over 55% share of the global digital transformation market in healthcare in 2014, and is expected to register double-digit CAGR similar to that projected for the global digital transformation market in healthcare over the forecast period. The solutions segment is sub-segmented into connected electronic health record (EHR), connected billing, connected healthcare information system, CRM, ERP, collaboration tools and remote patient monitoring. Revenue contribution by connected healthcare information system sub-segment was 15.6% in 2014, and is projected to grow to 22.5% by the end of 2025, witnessing gain of 692 Basis Point Share and registering a double-digit CAGR of 16.1%.

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The services segment is sub-segmented into customer service, business process outsourcing (BPO), consulting and integration service. Business process outsourcing sub-segment is anticipated to witness highest CAGR of 16.6% during the forecast period. In contrast, integration services sub-segment is projected to dominate the services segment with 39.7% market share by the end of 2025.

Growth of the global digital transformation market in healthcare is mainly driven by increasing demand for cloud-based services, increasing per capita healthcare spending, growing ageing population and introduction of e-Health initiatives such as incentive programs by government. Additionally, healthcare organizations are focused towards providing customized healthcare apps for wearable fitness devices, which in turn is increasing demand for customer application services. These applications enable patients to access healthcare information through mobile and wearable devices. In early 2015 for example, Stanford Health Care launched Myhealth mobile app for patients. This app allows patients to access their respective records on EHR.

This report covers trends driving each segment and respective sub-segments and offers analysis and insights of the potential of the digital transformation market in healthcare in specific regions. By region, North America dominated the digital transformation market in healthcare with over 50% market share in 2014 and is anticipated to remain dominant by the end of 2025. This is attributed to advancements in digital technology and supportive government regulations and policies regarding digital transformation across the healthcare sector in the region. Healthcare organizations in major countries of North America such as the U.S. and Canada are focused towards adopting remote patient monitoring solutions, CRM solutions, healthcare information systems and other cloud-based solutions to enhance healthcare services. Western Europe and Asia Pacific Excluding Japan (APEJ) collectively accounted for over 34.6% of the overall digital transformation market in healthcare share in 2014. Among all the regions, APEJ is anticipated to register highest CAGR between 2015 and 2025, followed by Middle East & Africa, owing to proliferation of wearable and mobile devices and growing adoption of EHR within these region.

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Key players in the global digital transformation market in healthcare include IBM Corporation, Accenture PLC, AT&T Inc., CGI Group Inc., Syntel Inc. and Deloitte Consulting LLP. Strategic partnerships, collaborations and joint ventures are some of the major strategies followed by key players operating in the digital health market to outperform competitors.

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