Digital Transformation in Healthcare Market 2020 by Technology, Regions, Type and Application, Forecast to 2025

On the back of growing patient volume and occurrences of diverse ailments, there has been massive rise in silos of data which needs mindful management for systematic access. This need for optimum data management and timely, seamless access has necessitated digital transformation in healthcare. These market highlights have been extracted from Adroit Market Research’s recent report addition titled, ‘Digital Transformation in Healthcare Market by Region and Forecast 2019-25’ pinned in its fast expanding online data archive.

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Microsoft Corp and Nuance Communications Inc have jointly undersigned an agreement to transform clinical documentation. Based on ambient clinical intelligence (ACI) within exam room, medical stakeholders can implement self-documentation of medical data. Nuance is highly revered for its advance speech recognition and processing solutions under the brand, Dragon Medical platform and highly conversant AI technology that facilitate adequate clinical documentation and medical discretion with ambient sensing technology. under the partnership, Microsoft will lend its Microsoft Azure, and Azure AI capabilities to transform medical documentation.

As electronic health records become the new models of data maintenance in healthcare, healthcare IT integration market embraces new growth prospects with renewed fervor. Medical data maintenance is rather intimidating with its magnanimity. This massive data volume need just not easy access but also need requisite digital management such as predictive analytics, artificial intelligence and the like to attain real time cognition and render well informed and wise decisions. Medical records owing to their diversity and magnanimity can actually become immensely tedious for manual management leading to multiple human errors. Pressing needs to offset such situations have paved the way for healthcare IT integration in the recent past, allowing digital transformation in healthcare market to register bullish growth.

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Voice based data maintenance is highly indispensable to minimize medical practitioners’ high burden for administrative ease. This markedly reduces the transcription costs. Medical transcription is a highly preferred means to record and document diverse voice based medical data that are given by medical professionals in the form of voice files lecture tit-bits and the like. Deployment of voice technology is also crucial in delivering optimum preventive medication with the help of voice technology that can well ahead determine disease probabilities on the basis of patient specific speech. Such developments are likely to keep growth steady in digital transformation in healthcare market. Despite the current infancy in the market, rapid adoption rates globally is likely to uphold growth prospects in digital transformation in healthcare space.

The prominent players handling global digital transformation market in Healthcare includes Fitbit, HealthVault, Apple, Osso VR, SentiAR, Xealth, Meditech. Most of the players lead the way in this market by being the part of merger and acquisitions or by partnerships. For ex- in August 2019, RedCard Systems and Zelis Healthcare declared that they will merge organizations to develop a healthcare payments optimization platform. The main focus of this amalgamation would be to deliver best-in-class claim cost savings performance, deeper electronic penetration and a transformational billing and payments experience, holistic way to offer benefit to payers, providers and consumers.

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Major points from Table of Contents:

Chapter 1   Executive Summary

Chapter 2   Research Methodology

Chapter 3   Global Digital Transformation in Healthcare- Market Outlook

Chapter 4 Global Digital Transformation in Healthcare- Regional Outlook

Chapter 6 Conclusions & Recommendations

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