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The adoption of digital technologies in the healthcare sector has been following a similar pattern as compared to that is followed across other major sectors such as retail, BFSI, manufacturing sectors, etc. Digitization of business processes in healthcare organizations across the globe is transforming the way the healthcare sector operates. The term digital transformation refers to the whole-scale transformation of traditional business ecosystems ranging from the operating model, and value chain to infrastructure into a digital business model. Digital technology allows healthcare organizations to offer efficient healthcare services to patients through telehealth, mobile health, and remote patient monitoring solutions. These digital services can be accessed by patients via mobile devices such as smartphones, tablets, and laptops
Market Dynamics
The increasing incidence of chronic diseases and the aging population across the globe are expected to fuel demand for enhanced remote patient monitoring solutions and services, which is anticipated to drive the growth of the digital healthcare market. In addition, the introduction of supportive initiatives by government agencies across the globe to promote digitization and innovation are projected to encourage healthcare organizations to deploy enhanced solutions such as connected electronic health records, healthcare information system, and clinical decision support systems, within the organizations to serve patients efficiently. This, in turn, is anticipated to drive the growth of digital healthcare worldwide. The digital healthcare market is projected to grow at a double-digit CAGR during the forecast period. In contrast, high investment at the initial stage and lack of awareness regarding the benefits of adoption of digital solutions and services in healthcare-related services, especially in emerging markets such as Brazil, China, India, and Mexico are projected to hinder the growth of the market to some extent during the forecast period
Market Scope
The digital healthcare market has been segmented on the basis of type, end-user, and region
Type
By type, the digital healthcare market has been segmented into solution and service. In 2021, the solution segment dominated the overall digital healthcare market but is projected to lose its dominance to the service segment by the end of 2031
Solution
The solution segment includes billing solution, connected electronic health record (EHR), healthcare information system, ERP, CRM, remote patient monitoring solution, and collaboration tools sub-segment. Among solutions, the EHR sub-segment dominated the solution segment with over XX% market share in 2021
Service
The service segment has been sub-segmented into business process outsourcing (BPO) service, consulting service, customer application development service, and integration service. In 2021, BPO and integration service segments collectively accounted for more than XX% share of the overall digital healthcare market. In addition, among services, the business process outsourcing (BPO) segment is projected to expand at the highest CAGR during the forecast period from 2022-2031
Customer Application Development Service
The customer application development sub-segment has been categorized into a cloud-based solution, wearable device & smartphone app, big data analytics, and healthcare mobility
End-user
The end-user segment includes government hospital, general hospital, specialty hospital, and clinics. In terms of spending on digital healthcare solutions and services, the government hospital segment dominated the overall digital healthcare market in 2021 and is projected to remain dominant throughout the forecast period
Regional Outlook
Region-wise, the digital healthcare market has been segmented into North America, Western Europe, Japan, Asia Pacific excluding Japan (APEJ), Eastern Europe, Latin America, and the Middle East and Africa (MEA). In terms of spending on digital healthcare solutions and services, North America dominated the digital healthcare market with more than XX% share in 2021
Some of the key players analyzed in the digital healthcare market are IBM Corporation, Accenture PLC, AT&T Inc., CGI Group Inc., PricewaterhouseCoopers LLP (PwC), GE Healthcare Limited, Syntel Inc., and Deloitte Consulting LLP among others.
FIGURE 01: GLOBAL AND REGIONAL HEALTHCARE EXPENDITURE COMPARISON ANALYSIS, 2021 & 2031 (US$ MILLION)
Figure 02: HEALTHCARE EXPENDITURE COMPARISON DEVELOPED VS EMERGING COUNTRIES, 2019 & 2022
FIGURE 03: DIGITAL HEALTHCARE MARKET SHARE IN GLOBAL DIGITAL TRANSFORMATION MARKET, 2021
FIGURE 04: DIGITAL HEALTHCARE MARKET SIZE AND FORECAST, 2019-2031 (US$ MILLION)
FIGURE 05: DIGITAL HEALTHCARE MARKET YEAR-ON-YEAR GROWTH (%), 2020-2031
FIGURE 06: DIGITAL HEALTHCARE MARKET SHARE ANALYSIS BY OFFERING, 2021 & 2031
FIGURE 07: DIGITAL HEALTHCARE MARKET ATTRACTIVENESS BY OFFERING, 2021 & 2031
FIGURE 08: DIGITAL HEALTHCARE MARKET YoY ANALYSIS BY OFFERING, 2020-2031
FIGURE 09: DIGITAL HEALTHCARE MARKET SHARE ANALYSIS BY SOLUTION, 2021 & 2031
FIGURE 10: DIGITAL HEALTHCARE MARKET ATTRACTIVENESS BY SOLUTION SEGMENT, 2021 & 2031
FIGURE 11: DIGITAL HEALTHCARE MARKET SHARE ANALYSIS BY SERVICE, 2021 & 2031
FIGURE 12: DIGITAL HEALTHCARE MARKET SHARE ANALYSIS BY APPLICATION DEVELOPMENT SERVICE, 2021 & 2031
FIGURE 13: DIGITAL HEALTHCARE MARKET ATTRACTIVENESS BY SERVICE SEGMENT, 2021 & 2031
FIGURE 14: DIGITAL HEALTHCARE MARKET SHARE ANALYSIS BY END-USER, 2021 & 2031
FIGURE 15: DIGITAL HEALTHCARE MARKET ATTRACTIVENESS BY END-USER, 2021 & 2031
FIGURE 16: DIGITAL HEALTHCARE MARKET SHARE ANALYSIS BY REGION, 2021 & 2031
FIGURE 17: DIGITAL HEALTHCARE MARKET ATTRACTIVENESS BY REGION, 2021 & 2031
FIGURE 18: NORTH AMERICA DIGITAL HEALTHCARE MARKET SIZE AND FORECAST, 2019-2031 (US$ MILLION)
FIGURE 19: NORTH AMERICA DIGITAL HEALTHCARE MARKET SHARE ANALYSIS BY COUNTRY, 2021 & 2031
FIGURE 20: NORTH AMERICA DIGITAL HEALTHCARE MARKET SHARE ANALYSIS BY OFFERING, 2021 & 2031
FIGURE 21: NORTH AMERICA DIGITAL HEALTHCARE MARKET SHARE ANALYSIS BY SOLUTION, 2021 & 2031
FIGURE 22: