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Driving Factors Behind The Growth Of Digital Transformation In HealTH*Care: A Key Driver Powering Digital Transformation In HealTH*Care Market Growth In 2025
Digital Transformation In HealTH*Care
What Is the Current Digital Transformation In HealTH*Care Market Size and Its Estimated Growth Rate?
The digital transformation in healTH*Care market will grow from $81.02 billion in 2024 to $97.19 billion in 2025 at a CAGR of 20.0%. The growth is attributed to increasing demand for asset tracking, optimization of healTH*Care workflows, a focus on patient safety, and security concerns in healTH*Care systems.
The healTH*Care digital transformation market is projected to expand significantly, reaching $198.91 billion by 2029, growing at a compound annual growth rate (CAGR) of 19.6%. Factors driving this growth include a growing global population, increasing patient numbers, heightened demand for improved patient care and safety, the adoption of real-time location systems (RTLS) in healTH*Care, rising global healTH*Care spending, and government focus on modernizing healTH*Care systems. Key trends include the introduction of healTH*Care apps, new product launches, partnerships, technological innovations, and the integration of AI and machine learning.
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How Are Emerging Segments Shaping the Digital Transformation In HealTH*Care Market Landscape?
The digital transformation in healTH*Care market covered in this report is segmented -
1) By Solution: Software, Service
2) By Organization Size: Small And Medium Size Enterprises, Large Enterprises
3) By Technology: Artificial Intelligence, Cloud Computing, Big Data And Analytics, Internet of Things, Cybersecurity
4) By End User: Hospitals And Clinics, Pharma Companies, Life Science And Biotech Companies, HealTH*Care Insurance Providers
Subsegments:
1) By Software: Electronic Health Records (Ehr), Telemedicine Solutions, HealTH*Care Analytics Software, Clinical Decision Support Systems (Cdss), Patient Management Software, HealTH*Care Crm Software, Blockchain Solutions For HealTH*Care
2) By Service: Consulting Services, Implementation Services, Integration Services, Support And Maintenance Services, Training Services, Managed Services
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Which Growth Factors Are Influencing Digital Transformation In HealTH*Care Market Expansion?
The increasing adoption of electronic health records (EHRs) is expected to accelerate the growth of digital transformation in healTH*Care. EHRs are digital versions of patient records that provide real-time, secure access to authorized healTH*Care providers. The adoption of EHRs is driven by the need for better patient care, data sharing, and analytics. For example, in October 2023, Oxford Academic reported a significant rise in EHR adoption, with comprehensive systems increasing from 3.6% to 63.2% in large hospitals. This digital transformation is driving the growth of EHRs in healTH*Care.
Who Are the Dominant Players Across Different Digital Transformation In HealTH*Care Market Segments?
Major companies operating in the digital transformation in healTH*Care market are Roche Diagnostics, Midea Group, Medtronic plc, ABB Ltd., Siemens Healthineers, Philips HealTH*Care, Stryker Corporation, GE HealTH*Care, Boston Scientific, Omron Corporation, Intuitive Surgical Inc., KUKA AG, Omnicell Inc., Allscripts HealTH*Care Solutions, InTouch Health, Kinova Robotics, Blue Ocean Robotics ApS, Vecna Robotics, Stereotaxis Inc., Aethon Inc., Intuition Robotics, Ateago Technology, VGo Communications Inc., ReWalk Robotics Ltd., Futronics Corporation
What Are the Major Trends Shaping the Digital Transformation In HealTH*Care Market?
Major companies in the digital transformation in the healTH*Care market are focusing on digitalization solutions to improve healTH*Care processes. For example, in February 2024, China's Huawei Technologies launched a Medical Technology Digitalization Solution to streamline healTH*Care operations. This solution integrates AI, machine learning, and IoT devices to enhance medical imaging analysis, real-time patient monitoring, and remote healTH*Care delivery, improving patient outcomes and accessibility.
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Which Geographic Regions Are Expected to Dominate the Digital Transformation In HealTH*Care Market in the Coming Years?
North America was the largest region in the digital transformation in healTH*Care market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital transformation in healTH*Care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Digital Transformation In HealTH*Care Market?
2. What is the CAGR expected in the Digital Transformation In HealTH*Care Market?
3. What Are the Key Innovations Transforming the Digital Transformation In HealTH*Care Industry?
4. Which Region Is Leading the Digital Transformation In HealTH*Care Market?
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