Digital Transformation Opportunities in Healthcare – Mobility and Business Intelligence to Gain Prominence

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.

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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.

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 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.

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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.

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.

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