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Food and Beverages
2021-07-26 - 2021-07-27    
12:00 am
The conference highlights the theme “Global leading improvement in Food Technology & Beverages Production” aimed to provide an opportunity for the professionals to discuss the [...]
European Endocrinology and Diabetes Congress
2021-08-05 - 2021-08-06    
All Day
This conference is an extraordinary and leading event ardent to the science with practice of endocrinology research, which makes a perfect platform for global networking [...]
Big Data Analysis and Data Mining
2021-08-09 - 2021-08-10    
All Day
Data Mining, the extraction of hidden predictive information from large databases, is a powerful new technology with great potential to help companies focus on the [...]
Agriculture & Horticulture
2021-08-16 - 2021-08-17    
All Day
Agriculture Conference invites a common platform for Deans, Directors, Professors, Students, Research scholars and other participants including CEO, Consultant, Head of Management, Economist, Project Manager [...]
Wireless and Satellite Communication
2021-08-19 - 2021-08-20    
All Day
Conference Series llc Ltd. proudly invites contributors across the globe to its World Convention on 2nd International Conference on Wireless and Satellite Communication (Wireless Conference [...]
Frontiers in Alternative & Traditional Medicine
2021-08-23 - 2021-08-24    
All Day
World Health Organization announced that, “The influx of large numbers of people to mass gathering events may give rise to specific public health risks because [...]
Agroecology and Organic farming
2021-08-26 - 2021-08-27    
All Day
Current research on emerging technologies and strategies, integrated agriculture and sustainable agriculture, crop improvements, the most recent updates in plant and soil science, agriculture and [...]
Agriculture Sciences and Farming Technology
2021-08-26 - 2021-08-27    
All Day
Current research on emerging technologies and strategies, integrated agriculture and sustainable agriculture, crop improvements, the most recent updates in plant and soil science, agriculture and [...]
CIVIL ENGINEERING, ARCHITECTURE AND STRUCTURAL MATERIALS
2021-08-27 - 2021-08-28    
All Day
Engineering is applied to the profession in which information on the numerical/mathematical and natural sciences, picked up by study, understanding, and practice, are applied to [...]
Diabetes, Obesity and Its Complications
2021-09-02 - 2021-09-03    
All Day
Diabetes Congress 2021 aims to provide a platform to share knowledge, expertise along with unparalleled networking opportunities between a large number of medical and industrial [...]
Events on 2021-07-26
Food and Beverages
26 Jul 21
Events on 2021-08-05
Events on 2021-08-09
Events on 2021-08-16
Events on 2021-08-19
Events on 2021-08-23
Events on 2021-09-02
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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