The previous decade was characterized by an accelerated digital transformation of enterprises in many different sectors, such as finance, healthcare, and industry. Industrial digital transformation strategies leverage cutting edge technologies to deliver automation, effectiveness, and cost-cutting benefits. These benefits are evident in the scope of digital healthcare i.e., the digital transformation of healthcare delivery. Digital healthcare boosts the quality of healthcare services, while helping healthcare systems to reduce the cost of their operation. This increases the demand for digital healthcare and leads to the rapid growth of the digital healthcare market: According to a recent report by Grand View Research, Inc., the global digital health market size was valued at $96.5 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 15.1% from 2021 to 2028. In this context, CIOs of healthcare enterprises must develop credible and effective digital transformation roadmaps to enable their companies to excel in the digital healthcare market. To this end, they need to understand the main drivers of digital healthcare, the most prominent use cases, as well as the expected benefits for different stakeholders.
The growth of digital healthcare is propelled by a host of techno-economic and socio-economic factors, including:
Considering these drivers, healthcare stakeholders like hospitals, healthcare services providers, and healthcare policy makers must employ digital transformation technologies and digital transformation consulting to digitize their services.
The use cases of digital healthcare span the full lifecycle of healthcare delivery, including diagnosis, prognosis, treatment, and management of diseases. Moreover, they extend to biotechnology, clinical research, and digital clinical trials. Some of the most prominent examples follow:
The digital transformation of healthcare is currently evolving in a rapid pace. In the coming years, the world’s top digital health companies will be the ones that will offer the most effective healthcare services. This will also improve the quality of healthcare services that will be provided to consumers. Whether such high-quality services will be accessible to all or offered to high income citizens only, remains to be seen.
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