The Global Digital Transformation in the Healthcare Market Is Experiencing High Demand Owing To the Incidence of Chronic Diseases in the World Along With High Investments in the Healthcare Sector

Digital Transformation in the Healthcare Market


 Digital transformation in healthcare is mostly used by the health care systems to enhance service delivery. But it has also an effect on the business side of the industry - the management of the digital transformation in healthcare. Let's take for example a hospital that is implementing digital transformation in healthcare. The hospital will be able to offer its services in various ways to its prospective patients.

These digital services in healthcare organizations allow the providers as well as the administrators to monitor the health of every patient very easily. In addition, this system will allow the providers to cater to every patient's need at any point in time - right from scheduling to appointment confirmation to the payment of medical bills. The system of digital services will also allow health care organizations to manage their patients' records very closely. This is because they will be able to access the necessary data at any point in time to fix the payment and other transaction details.

The increasing prevalence of chronic diseases all across the globe is the main factor that is driving the growth of the global digital transformation in the healthcare market. For instance, according to World Health Organization, around 422 million individuals in the world are living with diabetes, especially people from low and middle-income nations. Approximately 1.6 million deaths are directly related to diabetes every year. Moreover, increased investments in the healthcare sector and government-initiated programs to digitize the healthcare system are also boosting the growth of the global digital transformation in the healthcare market.

However, this digital transformation in healthcare needs to be executed properly to achieve its fullest potential. There have been many examples where the care providers and the administrators have not properly implemented this. Hence, there have been a few incidents of malpractice happening in hospitals and private health care institutions. This has to be avoided by all means - the organizations need to train their staff in the latest techniques of computerization and communication to prevent these kinds of problems. Moreover, the concerning issues related to data protection, security, and privacy along with the lack of awareness related to the benefits of digital healthcare are also restraining the growth of the global digital transformation in the healthcare market.

Owing to the incidence rate of diseases in the region, North America is experiencing high demand in the global digital transformation in the healthcare market. For instance, according to American Diabetes Association, in 2018 around 34.2 million US residents were suffering from diabetes, and of this total number around 26.8 million cases were diagnosed and the other 7.3 million were not diagnosed. Owing to such factors there have been multiple industrial developments in the global digital transformation in the healthcare market. For instance, in November 2019, Deloitte LLP introduced ConvergeHealth Connect that is a line of digital healthcare products for personalized and consistent patient care.

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