The global healthcare industry has seen a digital renaissance in recent years, driven by the global pandemic upending traditional models of care and changing the way providers and patients interact. The industry, which lagged in its adoption of modern technologies, was forced to embrace transformation and as a result, has spurred rapid demand growth and ongoing technological developments. These developments have had a significant influence on market progress, resulting in a digital transformation market valued at $2.6 billion in 2018 and expected to grow at a CAGR of 13.7% during a forecasted period of 2019-2027, according to Coherent Market Insights (CMI).
CMI’s new research study of digital transformation in healthcare examines the market state, future trends, growth rate, market drivers, risks and entry barriers, opportunities and challenges, sales channels, distributors, and Porter’s Five Forces Analysis over a forecast period of 2023-2030.
The report identifies important roadblocks and highlights key opportunities such as emerging technologies, R&D activities, and the product portfolios of leading market participants, while providing comprehensive details about rising markets and examining the digital transformation market across geographies and segments. Other major highlights include an all-inclusive evaluation of the parent market, assessment of market value and volume in past, present, and forecast years, and an analysis of the evolution of significant market aspects.
Healthcare businesses are faced with a plethora of options for their digital transformation initiatives, with more easy access to competitors and lower-cost alternatives than ever before. CMI’s research delves into the work of major market players such as GE Healthcare, PwC, and IBM Corporation, tracking business strategies, financial status, and upcoming products, and offers an updated regional analysis with graphical representation of size, share, and trends, providing valuable insights into the market.
While the digital transformation market in healthcare faces a wide range of challenges and opportunities, the analysis of the market provided by CMI’s research can be leveraged by industry experts, business strategists, key decision makers, and investors to make data-driven decisions grounded in sound research.