Abstract
Summary
KEY FINDINGS
The North America digital transformation in healthcare market is anticipated to register a CAGR of 22.21%, across the forecast period of 2021 to 2028. The increased cost savings, the rising demands within the healthcare industry, and the growing adoption of digital platforms, are expected to facilitate the region’s market growth.
MARKET INSIGHTS
The North America digital transformation in healthcare market growth assessment includes the analysis of Canada and the United States. Canada’s healthcare sector experienced significant changes since the beginning of the COVID-19 pandemic, including its digital transformation. As an eminent segment of the country’s digital health, the demand for virtual care of patients has improved the delivery of healthcare services as well as the design of medical products. Besides, the country also recorded an increase in collaborations between the private and public sectors, aimed at the safety and wellbeing of its citizens.
Earlier, Canada’s healthcare division specifically established efforts towards provider- and patient-centric solutions. However, with the emergence of segments such as, life sciences and research and development, the development of diagnostics and treatments have gained added prominence. The country witnessed an increase in the investment flow towards digital health, as well. Moreover, according to the Canadian Healthcare Network, the nation’s patient care will move forward with digital health, on a relatively larger scale, by 2025. As a result, these factors are anticipated to play a substantial role in propelling the digital transformation in healthcare market in Canada during the forecast years.
COMPETITIVE INSIGHTS
Some of the key companies operating in the market are, Alphabet Inc (Google), Apple Inc, GE Healthcare, International Business Machines Corporation, 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 NORTH AMERICA
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 STATES
- 10.1.4.2 CANADA
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