NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET FORECAST 2021-2028

The North America digital transformation in healthcare market is predicted to grow with a CAGR of 22.21%, over the forecast years of 2021 to 2028. The region’s market growth is facilitated by chief drivers, such as, the surging adoption of digital platforms, the rising demands within the healthcare sector, and increased cost savings. 

north-america-digital-transformation-in-healthcare-market

The North America digital transformation in healthcare market growth analysis includes the assessment of the United States and Canada. As per the National Institute on Aging, the population aged 65 and over in the United States, is anticipated to nearly double, in the upcoming three decades. Representing an increase from 48 billion to 88 billion, by 2050, the country’s surging geriatric population is projected to bolster the healthcare market. However, according to the report issued by the Association of American Medical Colleges (AAMC), the United States is likely to experience a shortage of 54,100 to 139,000 physicians, by 2033. 

On the other hand, the healthcare industry in the United States continues to progress towards digital transformation, owing to the emerging technologies involved in digitization. These include, the Internet of Things (IoT), telemedicine, virtual reality, and artificial intelligence, among others. In addition, as more hospitals and clinics are established in the country, the need for more customized digital transformations would be necessitated. Hence, these factors are expected to play a crucial role in fueling the United States’ digital transformation in healthcare market growth.

Alphabet Inc (Google), headquartered in the United States, is an international technology firm, that offers services and products associated with web searches and advertising. Available in multiple languages, the product offerings are delivered across several regions, countries, and territories. The company operates through three business segments, namely, Google Network Members’ Properties, Google Properties, and others.

TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. MARKET DEFINITION
    2. KEY DRIVERS
      1. INCREMENT IN GOVERNMENT INITIATIVES AND BUDGET ALLOCATIONS TOWARDS DIGITALIZATION OF HEALTH SERVICES
      2. DEMAND FOR QUALIFIED MEDICAL PRACTITIONERS
      3. INCREASING ADOPTION OF EHEALTH
      4. RISING ACTIVE PATIENT ENGAGEMENT
    3. KEY RESTRAINTS
      1. PUBLIC HEALTHCARE POLICY AND REGULATIONS COMPLIANCE
      2. SECURITY CONCERNS RELATED TO SENSITIVE MEDICAL DATA
      3. HIGH COST AND COMPLEXITY OF NEW TECHNOLOGIES
  4. KEY ANALYTICS
    1. IMPACT OF COVID-19 ON DIGITAL TRANSFORMATION IN HEALTHCARE MARKET
    2. KEY INVESTMENT INSIGHTS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. OPPORTUNITY MATRIX
    5. KEY BUYING CRITERIA
      1. COST
      2. DATA SHARING FEATURES
      3. INTEROPERABILITY
    6. REGULATORY FRAMEWORK
  5. MARKET BY TYPE
    1. PRODUCT
    2. SERVICE
  6. MARKET BY TECHNOLOGY
    1. ARTIFICIAL INTELLIGENCE
    2. BIG DATA
    3. BLOCKCHAIN
    4. AUGMENTED REALITY/ VIRTUAL REALITY
    5. INTERNET OF MEDICAL THINGS
    6. MHEALTH
    7. TELEHEALTH
    8. ROBOTICS
  7. MARKET BY FUNCTION
    1. CUSTOMER TRANSFORMATION
    2. WORKFORCE TRANSFORMATION
    3. OPERATIONAL TRANSFORMATION
    4. PRODUCT TRANSFORMATION
  8. MARKET BY DEPLOYMENT MODE
    1. CLOUD
    2. ON PREMISE
  9. MARKET BY END-USE
    1. HEALTHCARE
      1. PAYER
      2. PROVIDER
      3. HOMECARE
    2. LIFE SCIENCES
    3. OTHER END-USERS
  10. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. KEY GROWTH ENABLERS
      2. KEY CHALLENGES
      3. KEY PLAYERS
      4. COUNTRY ANALYSIS
        1. UNITED STATES
        2. CANADA
  11. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGERS & ACQUISITIONS
      2. PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS
      3. BUSINESS EXPANSIONS
    2. COMPANY PROFILES
      1. ACCENTURE PLC
      2. ALPHABET INC (GOOGLE)
      3. APPLE INC
      4. COGNIZANT TECHNOLOGY SOLUTIONS
      5. GE HEALTHCARE
      6. HCL TECHNOLOGIES LTD
      7. INFOSYS LIMITED
      8. INTERNATIONAL BUSINESS MACHINE CORPORATION
      9. MEDTRONIC PLC
      10. MICROSOFT CORPORATION
      11. PHILIPS HEALTHCARE
      12. SCHNEIDER ELECTRIC SE
      13. SIEMENS HEALTHINEERS
      14. TATA CONSULTANCY SERVICES LTD
      15. WIPRO LTD
LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ BILLION)

TABLE 4: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ BILLION)

TABLE 5: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY TECHNOLOGY, HISTORICAL YEARS, 2016-2020 (IN $ BILLION)

TABLE 6: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY TECHNOLOGY, FORECAST YEARS, 2021-2028 (IN $ BILLION)

TABLE 7: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY FUNCTION, HISTORICAL YEARS, 2016-2020 (IN $ BILLION)

TABLE 8: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY FUNCTION, FORECAST YEARS, 2021-2028 (IN $ BILLION)

TABLE 9: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY DEPLOYMENT MODE, HISTORICAL YEARS, 2016-2020 (IN $ BILLION)

TABLE 10: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY DEPLOYMENT MODE, FORECAST YEARS, 2021-2028 (IN $ BILLION)

TABLE 11: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY END-USE, HISTORICAL YEARS, 2016-2020 (IN $ BILLION)

TABLE 12: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY END-USE, FORECAST YEARS, 2021-2028 (IN $ BILLION)

TABLE 13: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ BILLION)

TABLE 14: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ BILLION)

TABLE 15: LEADING PLAYERS OPERATING IN NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET

TABLE 16: LIST OF MERGERS & ACQUISITIONS

TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS

TABLE 18: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: KEY BUYING CRITERIA

FIGURE 5: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020

FIGURE 6: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY PRODUCT, 2021-2028 (IN $ BILLION)

FIGURE 7: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY SERVICE, 2021-2028 (IN $ BILLION)

FIGURE 8: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY TECHNOLOGY, IN 2020 (IN $ BILLION)

FIGURE 9: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY ARTIFICIAL INTELLIGENCE, 2021-2028 (IN $ BILLION)

FIGURE 10: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY BIG DATA, 2021-2028 (IN $ BILLION)

FIGURE 11: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY BLOCKCHAIN, 2021-2028 (IN $ BILLION)

FIGURE 12: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY AUGMENTED REALITY/VIRTUAL REALITY, 2021-2028 (IN $ BILLION)

FIGURE 13: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY INTERNET OF MEDICAL THINGS, 2021-2028 (IN $ BILLION)

FIGURE 14: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY MHEALTH, 2021-2028 (IN $ BILLION)

FIGURE 15: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY TELEHEALTH, 2021-2028 (IN $ BILLION)

FIGURE 16: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY ROBOTICS, 2021-2028 (IN $ BILLION)

FIGURE 17: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY FUNCTION, IN 2020

FIGURE 18: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY CUSTOMER TRANSFORMATION, 2021-2028 (IN $ BILLION)

FIGURE 19: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY WORKFORCE TRANSFORMATION, 2021-2028 (IN $ BILLION)

FIGURE 20: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY OPERATIONAL TRANSFORMATION, 2021-2028 (IN $ BILLION)

FIGURE 21: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY PRODUCT TRANSFORMATION, 2021-2028 (IN $ BILLION)

FIGURE 22: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY DEPLOYMENT MODE, IN 2020

FIGURE 23: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY CLOUD, 2021-2028 (IN $ BILLION)

FIGURE 24: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY ON PREMISE, 2021-2028 (IN $ BILLION)

FIGURE 25: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY END-USE, IN 2020

FIGURE 26: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY HEALTHCARE, 2021-2028 (IN $ BILLION)

FIGURE 27: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, GROWTH POTENTIAL, BY HEALTHCARE, IN 2020

FIGURE 28: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY PAYER, 2021-2028 (IN $ BILLION)

FIGURE 29: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY PROVIDER, 2021-2028 (IN $ BILLION)

FIGURE 30: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY HOMECARE, 2021-2028 (IN $ BILLION)

FIGURE 31: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY LIFE SCIENCES, 2021-2028 (IN $ BILLION)

FIGURE 32: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, BY OTHER END-USERS, 2021-2028 (IN $ BILLION)

FIGURE 33: NORTH AMERICA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 34: UNITED STATES DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, 2021-2028 (IN $ BILLION)

FIGURE 35: CANADA DIGITAL TRANSFORMATION IN HEALTHCARE MARKET, 2021-2028 (IN $ BILLION)

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