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Digital Healthcare Market By Type (Solution, Service), By Solution (Connected EHR Solution, Billing Solution, Connected Healthcare Information Solution, Customer Relationship Management Solution, Remote Patient Monitoring Solution, Enterprise Resource Planning Solution, And Others), By Service ( Consulting, Implementation & Integration, And Others), By End User (Government Hospital, Specialty Hospital, And Others) - Growth, Future Prospects & Competitive Analysis, 2016 - 2023

Healthcare organizations are increasingly investing in IoT technologies, as these technologies enable end users to offer healthcare services to patients in real-time via smart devices. This, in turn, is increasing the demand for digital software and solutions in the healthcare sector. Also, the introduction of eHealth initiatives by governments in major countries such as the U.S., Canada, Germany, and the U.K. to enhance healthcare services is boosting the growth of the digital healthcare market.

Further, the growing adoption of mobile and wearable devices and connected electronic health record systems is expected to fuel market growth over the forecast period. However, data protection and privacy issues associated with the deployment of digital health technologies are hampering the market's growth to some extent. Additionally, a lack of awareness among healthcare organizations, especially in developing regions, is projected to impede the adoption of digital healthcare solutions and services.

Report Scope

This report analyses the global digital healthcare market in terms of type, solution, service, end user, and geography. The global digital healthcare market has been segmented based on type into solutions and services. By solution, the market is bifurcated into customer relationship management solutions, remote patient monitoring solutions, enterprise resource planning solutions, and collaboration tools.

On the basis of service, the global digital healthcare market is segmented into consulting, implementation and integration, training and support, and outsourcing. Based on end users, the market is classified into government hospitals, specialty hospitals, and clinics. The global digital healthcare market covers major geographies such as North America, Europe, Asia Pacific, and the Rest of the World.

The presence of a large number of connected healthcare systems, solutions, and service providers intensifies competition in the market. Major players operating in the digital healthcare market are focused on entering strategic partnerships with players operating in other technology domains to enhance their existing technical expertise and product portfolio.

Also, acquisitions and mergers to expand geographical and industry presence are other major strategies followed by key vendors in the market. Some of the prominent players identified in the digital healthcare market are IBM Corporation, CGI, Accenture plc, SAP SE, Oracle Corporation, GE Healthcare, and Microsoft Corporation.

1.1 Report Description

Purpose of the Report

The purpose of this strategic research study titled "Global Digital Healthcare Market: Growth, Share, Opportunities, and Competitive Analysis, 2016–2023" is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global digital healthcare market.

Target Audience

  • Industry Investors
  • Digital Software Providers
  • digital service provider
  • Connected Medical Device Providers
  • third-party vendors
  • Government Agencies

On the basis of end users, the global digital healthcare market is categorized into the following segments:

  • Government Hospitals
  • Specialty Hospitals
  • Clinic

As of 2015, the government hospital was the largest end-user segment, accounting for more than 30% market share. Additionally, the segment is expected to continue its dominance over the forecast period. The introduction of mobile health apps by government hospitals in developed countries such as the U.S., Canada, Germany, and the U.K. is increasing the uptake of digital healthcare solutions and services. Also, governments in developing regions are introducing eHealth initiatives in government banks, thus increasing the adoption of digital technologies in government hospitals. However, the specialty hospital end-user segment is projected to witness significant growth during the forecast period.

Increasing adoption of connected healthcare information systems and remote patient monitoring solutions in specialty hospitals is driving the growth of the segment. Also, these hospitals are acquiring other specialty hospitals to enhance their presence and offerings. Further deployment of cloud-based healthcare solutions has become a major trend among specialty hospitals in developed regions.

On the basis of solution, the global digital healthcare market is categorized into the following sub-segments:

  • EHR Connected Solution
  • Billing Solution
  • Connected Healthcare Information Solution
  • Customer Relationship Management Solution
  • Remote Patient Monitoring Solution
  • Enterprise Resource Planning Solution
  • Collaboration Tools

As of 2015, connected electronic health record solutions were the dominant sub-segment among all types of solutions in the global digital healthcare market, accounting for over 20% of the overall market. This is mainly attributed to the increasing demand for advanced EHR solutions among major healthcare organizations across the globe. However, the sub-segment is projected to lose out on considerable market share to other emerging solution sub-segments by the end of 2023.

Connected healthcare information system solutions are expected to emerge as one of the fastest-growing segments by 2023 and expand at a significant CAGR of over 16% between 2016 and 2023. Major hospitals and clinics are increasingly inclined towards deploying innovative healthcare information systems to store and transmit patient healthcare records in an efficient manner. As a result, the segment's growth will be boosted throughout the forecast period.

On the basis of geography, the global digital healthcare market is segmented into the following regions and countries:

  • North America
  • U.S.
  • Canada
  • Europe
  • United Kingdom
  • France
  • Germany
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East and Africa

By geography, North America dominated the global digital healthcare market in terms of revenue contribution in 2015. The region accounted for more than 50% of the market share in the same year. Additionally, North America is expected to remain the dominant regional market over the forecast period. This is mainly attributed to the growing adoption of IoT technologies and connected medical devices in healthcare organizations in the region.

Also, the introduction of favorable government regulation and eHealth initiatives is increasing the uptake of digital healthcare solutions and services. However, the digital healthcare market in the Asia Pacific is projected to expand at a significant CAGR between 2016 and 2023. Major growth is coming from emerging Asian countries such as China and India, fueling the market growth. Additionally, the proliferation of smartphones and wearable devices in these countries is expected to drive market growth.

Frequently Asked Questions:

The market for Digital Healthcare Market is expected to reach US$ 29.8 GW By 2023.

The Digital Healthcare Market is expected to see significant CAGR growth over the coming years, at 13%

The report is forecasted from 2016-2023.

The base year of this report is 2015.

IBM Corporation, CGI, Accenture plc, SAP SE, Oracle Corporation, GE Healthcare, and Microsoft Corporation are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Jan 2017
Category:  Technology & Media
Report ID:   58333
Report Format:   PDF
Pages:   120
Rating:    4.4 (60)
Delivery Time: 24 Hours to 48 Hours   
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