Abstract
Summary
KEY FINDINGS
The Europe digital transformation in healthcare market is set to project a CAGR of 25.72% during the forecast period, 2021-2028. The increasing demand for quick access to healthcare and shifting consumer needs concerning reliable information and trusted advice offer ample growth opportunities.
MARKET INSIGHTS
The United Kingdom, Italy, Germany, Poland, France, Belgium, Russia, and Rest of Europe, are analyzed for the Europe digital transformation in healthcare market growth assessment. Germany, a thriving healthcare market, witnessed the transition to digital health and a modernized hospital system amidst the pandemic. As per industry sources, at present, 64% of healthcare professionals use digital health technology like mobile apps or wearables. In 2019, the parliament passed the Digital Health Care Act, designed to catalyze the healthcare system's digital transformation. The Hospital Future Act (KHZG) was passed on 18th September, 2020, which entails electronic documentation of care and treatment services, IT security measures, patient portals, digital medication management, etc. Moreover, new regulations have benefited digital healthcare, further enabling doctors to prescribe digital health solutions.
Italy has launched certain projects, which supplement digitalization in the healthcare sector. One such project is the 'Single Reservation Center,' a centralized IT system for the unified booking of services, enabling access to healthcare, and reduce waiting times. Further, the Electronic Health File allows citizens to consult, share, and track their health history. There have also been significant investments, and other smaller operations by venture capital companies, considerable enough to develop an adequate digital healthcare sector. Such factors are estimated to enable market growth.
COMPETITIVE INSIGHTS
Some of the leading companies in the market are Medtronic Plc, Schneider Electric SE, Accenture Plc, GE Healthcare, Siemens Healthineers, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Table of Contents
1 RESEARCH SCOPE & METHODOLOGY
1.1 STUDY OBJECTIVES
1.2 SCOPE OF STUDY
1.3 METHODOLOGY
1.4 ASSUMPTIONS & LIMITATIONS
2 EXECUTIVE SUMMARY
2.1 MARKET SIZE & ESTIMATES
2.2 MARKET OVERVIEW
3 MARKET DYNAMICS
3.1 MARKET DEFINITION
3.2 KEY DRIVERS
3.2.1 INCREMENT IN GOVERNMENT INITIATIVES AND BUDGET ALLOCATIONS TOWARDS DIGITALIZATION OF HEALTH SERVICES
3.2.2 DEMAND FOR QUALIFIED MEDICAL PRACTITIONERS
3.2.3 INCREASING ADOPTION OF EHEALTH
3.2.4 RISING ACTIVE PATIENT ENGAGEMENT
3.3 KEY RESTRAINTS
3.3.1 PUBLIC HEALTHCARE POLICY AND REGULATIONS COMPLIANCE
3.3.2 SECURITY CONCERNS RELATED TO SENSITIVE MEDICAL DATA
3.3.3 HIGH COST AND COMPLEXITY OF NEW TECHNOLOGIES
4 KEY ANALYTICS
4.1 IMPACT OF COVID-19 ON DIGITAL TRANSFORMATION IN HEALTHCARE MARKET
4.2 KEY INVESTMENT INSIGHTS
4.3 PORTER’S FIVE FORCES ANALYSIS
4.3.1 BUYERS POWER
4.3.2 SUPPLIERS POWER
4.3.3 SUBSTITUTION
4.3.4 NEW ENTRANTS
4.3.5 INDUSTRY RIVALRY
4.4 OPPORTUNITY MATRIX
4.5 KEY BUYING CRITERIA
4.5.1 COST
4.5.2 DATA SHARING FEATURES
4.5.3 INTEROPERABILITY
4.6 REGULATORY FRAMEWORK
5 MARKET BY TYPE
5.1 PRODUCT
5.2 SERVICE
6 MARKET BY TECHNOLOGY
6.1 ARTIFICIAL INTELLIGENCE
6.2 BIG DATA
6.3 BLOCKCHAIN
6.4 AUGMENTED REALITY/ VIRTUAL REALITY
6.5 INTERNET OF MEDICAL THINGS
6.6 MHEALTH
6.7 TELEHEALTH
6.8 ROBOTICS
7 MARKET BY FUNCTION
7.1 CUSTOMER TRANSFORMATION
7.2 WORKFORCE TRANSFORMATION
7.3 OPERATIONAL TRANSFORMATION
7.4 PRODUCT TRANSFORMATION
8 MARKET BY DEPLOYMENT MODE
8.1 CLOUD
8.2 ON PREMISE
9 MARKET BY END-USE
9.1 HEALTHCARE
9.1.1 PAYER
9.1.2 PROVIDER
9.1.3 HOMECARE
9.2 LIFE SCIENCES
9.3 OTHER END-USERS
10 GEOGRAPHICAL ANALYSIS
10.1 EUROPE
10.1.1 KEY GROWTH ENABLERS
10.1.2 KEY CHALLENGES
10.1.3 KEY PLAYERS
10.1.4 COUNTRY ANALYSIS
- 10.1.4.1 UNITED KINGDOM
- 10.1.4.2 GERMANY
- 10.1.4.3 FRANCE
- 10.1.4.4 ITALY
- 10.1.4.5 RUSSIA
- 10.1.4.6 BELGIUM
- 10.1.4.7 POLAND
- 10.1.4.8 REST OF EUROPE
11 COMPETITIVE LANDSCAPE
11.1 KEY STRATEGIC DEVELOPMENTS
11.1.1 MERGERS & ACQUISITIONS
11.1.2 PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS
11.1.3 BUSINESS EXPANSIONS
11.2 COMPANY PROFILES
11.2.1 ACCENTURE PLC
11.2.2 ALPHABET INC (GOOGLE)
11.2.3 APPLE INC
11.2.4 COGNIZANT TECHNOLOGY SOLUTIONS
11.2.5 GE HEALTHCARE
11.2.6 HCL TECHNOLOGIES LTD
11.2.7 INFOSYS LIMITED
11.2.8 INTERNATIONAL BUSINESS MACHINE CORPORATION
11.2.9 MEDTRONIC PLC
11.2.10 MICROSOFT CORPORATION
11.2.11 PHILIPS HEALTHCARE
11.2.12 SCHNEIDER ELECTRIC SE
11.2.13 SIEMENS HEALTHINEERS
11.2.14 TATA CONSULTANCY SERVICES LTD
11.2.15 WIPRO LTD