Digital Transformation Market In Healthcare – Mobility and Business Intelligence to Gain Prominence: Global Industry Analysis and Forecast 2015 – 2025

  • Published: Aug, 2015
  • Report Code: REP-GB-708

An Incisive, In-depth Analysis on the Digital Healthcare Market

This study offers a comprehensive, 360 degree analysis on the Digital Healthcare market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Digital Healthcare market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Digital health has become a buzz word with increasing deployment of digital health platforms such as telehealth, mobile health and other wireless solutions across hospitals and nursing homes so as to provide patients with real time healthcare services. Impact of digital technology among end-user verticals such as public, retail, banking, financial service and insurance (BFSI) and Manufacturing sectors is phenomenal, but it is becoming a game changer technology in healthcare sector with increasing dependency of end-user on digital health platform. These platforms are being increasingly implemented to perform remote monitoring for chronic disease and to access electronic medical and personal health record through broadband and mobile. Increasing demand for m-health (mobile health) with innovative mobile applications and solutions is expected to catalyze the growth of digital transformation market across globe.

digital transformation market in healthcare

Market Value and Forecast

The global digital transformation market in healthcare is anticipated to grow at a double-digit CAGR during the forecast period. Growth of the global digital transformation market in healthcare is mainly driven by increasing per capita healthcare spending, growing ageing population, increasing introduction of ehealth initiative by governments, proliferation of wearable and mobile devices, increasing demand for cloud-based services, growing adoption of EHR, enhanced customer experience and online visibility. Moreover, the trend that follows with the growth of digital transformation market in healthcare are introduction of healthcare mobile applications, introduction of incentive programs by government agencies in developed countries, acquisitions and mergers, partnerships and collaborations, outsourcing of operations.

Segmentation by Type

The global digital transformation market in healthcare can be segmented, based on type, into solution and service. Out of these segments, solution accounted for over 50% of the global digital transformation market in healthcare share in 2014. The service segment market is expected to dominate the global digital transformation market in healthcare by 2025. In addition, the service segment is anticipated to expand at a double-digit CAGR from 2015 to 2025. 

Segmentation by Solution

The solution segment can be sub segmented into connected electronic health record (EHR), connected billing, connected healthcare information system, CRM, ERP, collaboration tools, and remote patient monitoring. Out of these sub segments, connected electronic health record (EHR) dominated the global digital healthcare segment in 2014, but is expected to lose out its market share to other solutions such as connected healthcare information system, collaborations tools and remote patient monitoring solution sub segment by 2025.

Segmentation by Service

The service segment can be sub segmented into customer application development, business process outsourcing (BPO), consulting, and integration service. Out of these sub segments, integration service sub segment dominated the global digital healthcare segment in 2014 and is expected to continue its dominance in the sub segment by 2025.

Digital Transformation in Healthcare Market

Segmentation by Customer Service

The customer service sub segment can be categorized into custom app development, cloud based service, big data analytics and healthcare mobility. Out of these categories, big data analytics category dominated the customer service sub segment in 2014 and is expected to continue its dominance in the sub segment by the end of 2025. 

Segmentation by End User

End user includes clinic, government hospital, general hospital and specialty hospital. Among end users government hospital dominated the overall digital transformation market in healthcare in terms of value share in 2014 and is projected to remain dominant throughout the forecast period.

Key Regions

The global digital transformation market in healthcare includes seven major regions – North America, Western Europe, Asia-Pacific Excluding Japan (APEJ), Japan, Eastern Europe, Latin America and Middle East & Africa. Of all the regions, North America dominated the market with over 50% of overall digital transformation market in healthcare share of in 2014. Western Europe ranked second with more than 25% market share in 2014, followed by Japan. In addition, Asia-Pacific is anticipated to become the fastest growing region in the digital transformation market in healthcare.

Key Players

Some of the key players identified in global digital transformation market in healthcare are IBM Corporation, Accenture PLC, AT&T Inc., CGI Group Inc., Syntel Inc., and Deloitte Consulting LLP. Major players in the market follow the strategy of introducing innovative and cost effective solution to buy out competition. In addition, strategic partnership, collaborations and joint ventures are the other major strategies followed by the digital health solution provider to outperform competitors.

Report Synopsis

FMI study offers an 11-year forecast for the global digital transformation market in healthcare between 2015 and 2025. The market is expected to register a CAGR of 13.7% during the projected period. The study demonstrates the market dynamics and trends in all the seven region which influence the current nature and future status of digital transformation market in healthcare over the forecast period.

Report Description

This Future Market Insights report examines the global digital transformation market in healthcare for the period 2015–2025. The primary objective of the report is to offer updates on the advancements in ICT and embedded systems that have given rise to a futuristic technology: the digital transformation market in healthcare, which is significantly transforming and improving services provided by healthcare organizations.

Digital health has become a buzz word with increasing deployment of digital health platforms such as telehealth, mobile health and other wireless solutions across hospitals and nursing homes so as to provide patients with real time healthcare services. Impact of digital technology among end-user verticals such as public, retail, banking, financial service and insurance (BFSI) and Manufacturing sectors is phenomenal, but it is becoming a game changer technology in healthcare sector with increasing dependency of end-user on digital health platform. These platforms are being increasingly implemented to perform remote monitoring for chronic disease and to access electronic medical and personal health record through broadband and mobile. Increasing demand for m-health (mobile health) with innovative mobile applications and solutions is expected to catalyse the growth of digital health market across globe.

In the next section, FMI covers the digital transformation market in healthcare performance in terms of global digital transformation market in healthcare revenue split, since this is detrimental to growth of the digital transformation market in healthcare. This section additionally includes FMI’s analyses of the key trends, drivers and restraints from the supply, economic and demand side, which are influencing the digital transformation market in healthcare. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in the digital transformation market in healthcare report to better equip and arm clients with crystal clear decision-making insights.

As highlighted earlier, digital transformation market in healthcare is an aggregation of solution (includes connected electronic health record (EHR), connected billing, connected healthcare information system, CRM, ERP, collaboration tools, and remote patient monitoring), service (includes customer application development (includes wearable device & smartphone app, cloud based solution, big data analytics and healthcare mobility), business process outsourcing (BPO), consulting, and integration service) and end user (includes clinic, government hospital, general hospital and specialty hospital). All these segments, sub-segments and categories are included in this section to make the study more comprehensive.

The next section of the report highlights digital transformation market in healthcare adoption by regions. It provides a market outlook for 2015–2025 and sets the forecast within the context of the digital transformation market in healthcare ecosystem. This study discusses the key regional trends contributing to growth of the digital transformation market in healthcare on a worldwide basis, as well as analyses the degree at which global drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan as a separate region, Middle East and Africa.

All the above sections, by solution, by service or by region, evaluate the present scenario and the growth prospects of the digital transformation market in healthcare for the period 2015 - 2025. We have considered 2014 as the base year and provide data for the trailing 12 months.  

To calculate the digital transformation market in healthcare size, we have considered revenue generated from the sale of digital healthcare solutions and adoption of services. The forecast presented here assesses the total revenue by value across the digital transformation market in healthcare. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the digital transformation market in healthcare will develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analyses, based on supply side, consumer spending and economic envelope. However, forecasting the market in terms of various digital healthcare segments, and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the digital transformation market in healthcare. 

As previously highlighted, the digital transformation market in healthcare is split into a number of segments and sub segments. All the digital transformation market in healthcare segments and sub segments in terms of solution, services, end user and regions are analysed in terms of Basis Point Share (BPS) to understand individual segments’ relative contributions to market growth. This detailed level of information is important for the identification of various key trends of the digital transformation market in healthcare.   

Also, another key feature of this report is the analysis of all key digital transformation market in healthcare segments, sub-segments and regional adoption and revenue forecast in terms of absolute dollar. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the digital transformation market in healthcare.  

Furthermore, to understand key growth segments in terms of growth & adoption of digital healthcare solutions and services across regions, Future Market Insights developed the digital transformation market in healthcare Attractiveness Index. The resulting index should help providers identify real market opportunities. 

In the final section of the report, digital transformation market in healthcare competitive landscape is included to provide report audiences with a dashboard view, based on categories of provider in the value chain, presence in digital healthcare product portfolio and key differentiators. Key categories of providers covered in the report are digital healthcare solution, services and medical device providers. This section is primarily designed to provide clients with an objective & detailed comparative assessment of key providers specific to a market segment in the digital transformation market in healthcare value chain. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in the digital transformation market in healthcare place. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the digital healthcare space. Key competitors covered are IBM Corporation, GE Healthcare Limited, Phillips Medical Systems International B.V., Accenture PLC, AT&T Inc., CGI Group Inc., Syntel Inc., Deloitte Consulting LLP, and Siemens.

Key Segments Covered

  • By Digital Transformation Market in Healthcare

    • Type

      • Solution

        • Connected Electronic Health Record (EHR)

        • Connected Billing Solution

        • Connected Healthcare Information System

        • CRM Solution

        • ERP Solution

        • Collaboration Tools

        • Remote Patient Monitoring

      • Service

        • Customer Application Development

          • Wearable Device & Smartphone App

          • Cloud-Based

          • Big data Analytics

          • Healthcare Mobility

        • Business Process Outsourcing (BPO)

        • Consulting

        • Integration Service

  • End User
    • Clinic
    • Government Hospital
    • Specialty Hospital
    • General Hospital

Key Regions/Countries Covered

  • North America
    • United States
    • Canada
  • Latin America
    • Argentina
    • Brazil
    • Mexico
    • Other
  • Western Europe
    • Germany
    • Italy
    • France
    • UK
    • Other
  • Eastern Europe
    • Poland
    • Russia
  • Asia-Pacific Excluding Japan (APEJ)
    • China
    • India
    • ASEAN
    • Australia & New Zealand
    • Other
  • Middle East & Africa
    • GCC
    • North Africa
    • South Africa
    • Other

Key Companies

  • IBM Corporation

  • GE Healthcare Limited

  • Phillips Medical Systems International B.V.

  • Accenture PLC

  • AT&T Inc.

  • CGI Group Inc.

  • Syntel Inc.

  • Deloitte Consulting LLP

  • Siemens Healthcare

  • Hitachi Medical Corporation

  • Shimadzu Corporation

  • Toshiba Medical Systems Corporation

  • Ziehm Imaging GmbH

  • Samsung Medison

Digital Healthcare Market Reports - Table of Contents

Digital Healthcare Market Reports - List of Tables

Table 1: Global Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By Solution, 2013–2025 (US$ Mn)

Table 2: Global Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By Service, 2013–2025 (US$ Mn)

Table 3: Global Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By Customer Service, 2013–2025 (US$ Mn)

Table 4: Global Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By End User, 2013–2025 (US$ Mn)

Table 5: Global Digital Transformation Market in Healthcare Value Forecast By Region, 2013–2025 (US$ Mn)

Table 6: North America Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By Type, 2013–2025 (US$ Mn)

Table 7: North America Digital Transformation Market in Healthcare Value Forecast By Country, 2013–2025 (US$ Mn)

Table 8: North America Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By End User, 2013–2025 (US$ Mn)

Table 9: Latin America Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By Type, 2013–2025 (US$ Mn)

Table 10: Latin America Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By Country, 2013–2025 (US$ Mn)

Table 11: Latin America Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By End User, 2013–2025 (US$ Mn)

Table 12: Western Europe Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By Type, 2013–2025 (US$ Mn)

Table 13: Western Europe Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By Country, 2013–2025 (US$ Mn)

Table 14: Western Europe Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By End User, 2013–2025 (US$ Mn)

Table 15: Eastern Europe Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By Type, 2013–2025 (US$ Mn)

Table 16: Eastern Europe Digital Transformation Market in Healthcare Value Forecast By Country, 2013–2025 (US$ Mn)

Table 17: Eastern Europe Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By End User, 2013–2025 (US$ Mn)

Table 18: APEJ Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By Type, 2013–2025 (US$ Mn)

Table 19: APEJ Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By Country, 2013–2025 (US$ Mn)

Table 20: APEJ Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By End User, 2013–2025 (US$ Mn)

Table 21: Japan Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By Type, 2013–2025 (US$ Mn)

Table 22: Japan Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By End User, 2013–2025 (US$ Mn)

Table 23: MEA Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By Type, 2013–2025 (US$ Mn)

Table 24: MEA Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By Country, 2013–2025 (US$ Mn)

Table 25: MEA Digital Transformation Market in Healthcare Value Forecast & Absolute $ Opportunity By End User, 2013–2025 (US$ Mn)

Digital Healthcare Market Reports - List of Figures

Figure 1: Global Digital Transformation Market in Healthcare Value Forecast, 2013–2025 & Y-o-Y Growth, 2013–2020

Figure 2: Global Digital Transformation Market in Healthcare Absolute $ Opportunity, 2013–2025

Figure 3: Global Digital Transformation Market in Healthcare Y-o-Y Growth Rate Comparison By Type, 2014–2025

Figure 4: Global Digital Transformation Market in Healthcare Share By Type, 2014 & 2025

Figure 5: Global Digital Transformation Market in Healthcare Value Forecast, 2013–2025 & Y-o-Y Growth By Solution, 2013–2020

Figure 6: Global Digital Transformation Market in Healthcare Absolute $ Opportunity By Solution, 2013–2025

Figure 7: Global Digital Transformation Market in Healthcare Value Forecast, 2013–2025 & Y-o-Y Growth By Service, 2013–2020

Figure 8: Global Digital Transformation Market in Healthcare Absolute $ Opportunity By Service, 2013–2025

Figure 9: Global Digital Transformation Market in Healthcare Share By Solution, 2014 & 2025

Figure 10: Global Digital Transformation Market in Healthcare Attractiveness By Solution, 2014 & 2025

Figure 11: Global Digital Transformation Market in Healthcare Share By Service, 2014 & 2025

Figure 12: Global Digital Transformation Market in Healthcare Attractiveness By Service, 2025

Figure 13: Global Digital Transformation Market in Healthcare Share By End User, 2014 & 2025

Figure 14: Global Digital Transformation Market in Healthcare Attractiveness By End User, 2025

Figure 15: Global Digital Transformation Market in Healthcare Value Forecast, 2013–2025 & Y-o-Y Growth By Clinic, 2013–2020

Figure 16: Global Digital Transformation Market in Healthcare Absolute $ Opportunity in Clinic, 2013–2025

Figure 17: Global Digital Transformation Market in Healthcare Value Forecast, 2013–2025 & Y-o-Y Growth By Government Hospital, 2013–2020

Figure 18: Global Digital Transformation Market in Healthcare Absolute $ Opportunity in Government Hospital, 2013–2025

Figure 19: Global Digital Transformation Market in Healthcare Value Forecast, 2013–2025 & Y-o-Y Growth By Specialty Hospital, 2013–2020

Figure 20: Global Digital Transformation Market in Healthcare Absolute $ Opportunity By Specialty Hospital, 2013–2025

Figure 21: Global Digital Transformation Market in Healthcare Value Forecast, 2013–2025 & Y-o-Y Growth By General Hospital, 2013–2020

Figure 22: Global Digital Transformation Market in Healthcare Absolute $ Opportunity in General Hospital, 2013–2025

Figure 23: Global Digital Transformation Market in Healthcare Share By Region, 2014 & 2025

Figure 24: Global Digital Transformation Market in Healthcare Attractiveness by Region, 2025

Figure 25: North America Digital Transformation Market in Healthcare Value Forecast, 2013–2025 & Y-o-Y Growth, 2013–2020

Figure 26: North America Digital Transformation Market in Healthcare Absolute $ Opportunity, 2013–2025

Figure 27: Latin America Digital Transformation Market in Healthcare Value Forecast, 2013–2025 & Y-o-Y Growth, 2013–2020

Figure 28: Latin America Digital Transformation Market in Healthcare Absolute $ Opportunity, 2013–2025

Figure 29: Western Europe Digital Transformation Market in Healthcare Value Forecast, 2013–2025 & Y-o-Y Growth, 2013–2020

Figure 30: Western Europe Digital Transformation Market in Healthcare Absolute $ Opportunity, 2013–2025

Figure 31: Eastern Europe Digital Transformation Market in Healthcare Value Forecast, 2013–2025 & Y-o-Y Growth, 2013–2020

Figure 32: Eastern Europe Digital Transformation Market in Healthcare Absolute $ Opportunity, 2013–2025

Figure 33: APEJ Digital Transformation Market in Healthcare Value Forecast, 2013–2025 & Y-o-Y Growth, 2013–2020

Figure 34: APEJ Digital Transformation Market in Healthcare Absolute $ Opportunity, 2013–2025

Figure 35: Japan Digital Transformation Market in Healthcare Value Forecast, 2013–2025 & Y-o-Y Growth, 2013–2020

Figure 36: Japan Digital Transformation Market in Healthcare Absolute $ Opportunity, 2013–2025

Figure 37: MEA Digital Transformation Market in Healthcare Value Forecast, 2013–2025 & Y-o-Y Growth, 2013–2020

Figure 38: MEA Digital Transformation Market in Healthcare Absolute $ Opportunity, 2013–2025

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