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Global eHealth Market Size, Share, Trends, Growth, COVID-19 Analysis Report – Segmented By Type (Telemedicine, Consumer, Information System, HER, ePrescribing, Health Information, mHealth, Health Management and Clinical Decision Support), Services, End User & Region - Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 1161
Pages: 179
Formats: report pdf report excel report power bi report ppt

eHealth Market Size (2022 to 2027)

As per our report, the global eHealth market was valued at USD 14.77 Billion in 2022 and is predicted to grow to USD 29.46 billion by 2027. This market is forecasted to grow at a CAGR of 14.80% during the forecast period.

eHealth Market Share insights :

  • Based on services, the monitoring segment dominated the market by holding 60% of the global market share in 2021.
  • Based on End-user, the healthcare consumers segment held 50% of the market share and led the eHealth market in 2021.
  • The North American eHealth market is anticipated to have the largest market share and be worth USD 9758.06 Million by 2027.
  • Asia Pacific eHealth market has recorded the highest growth rate, growing with a CAGR of 16.88% during the forecast period.

The market for electronic health is undoubtedly a rapidly growing industry. eHealth uses digital technology and telecommunication, such as computers, mobile devices, and the internet, for eHealth development and healthcare facilities. eHealth is frequently used alongside traditional "non-digital" appeal to deliver information directed to the patient and the healthcare customer. Increasing healthcare spending and technological advancement increase the improvement of tracking methods. Now a day, the users of the internet in healthcare have overgrown. With the capability of the internet, healthcare professionals can promote quality treatment procedures online.

eHealth is a cost-effective healthcare center in developed as well as developing countries. The world health organization is promoting eHealth and planning to expand digital eHealth services in the healthcare sector.

COVID-19 impact on the global eHealth market:

The COVID-19 outbreak has severely impacted various industries, which resulted in the economic slowdown and the decreased functionalities of these markets. Thus, different pharma companies are now focusing on digital initiatives toward doctors and consumers to sustain growth during this pandemic. With the increase in the use of e-health during the COVID-19 period, the market has had positive growth. The increase in high infection risks, lockdowns, and limited hospital visits makes e-health a great option. TeleHealth is the major one used during this pandemic by many healthcare services. This will reduce the spread of infection. Most pharma companies use information through this eHealth to manufacture drugs and vaccines and supplied to the respective areas. Besides, awareness among consumers regarding consultation apps, pharmacy app, fitness wearables, and other health sensors are easing them to make their own health choices today. These factors support the growth of the eHealth market, even when there is a severe slump in the health industry during the COVID-19 pandemic.

MARKET DRIVERS:

Growing support, initiatives, and promotions of various governments to go for eHealth solutions, rising healthcare spending, and increasing demand for patient-centric healthcare delivery are propelling the eHealth market worldwide.

Growing knowledge among hospitals and clinics regarding the benefits of e-health solutions and services is another significant growth driver. In addition, increasing chronic diseases and technological advancements further push the global eHealth market growth. Rising usage of loT and big data are also favoring the market growth. E-health uses big data and IoT for the better storage and retrieval of healthcare data, transmission, and the development of analysis systems. These health use in helping to understand biological processes and drugs, which contributes to higher success rates in drug designs. Many pharma companies are using big data to get results in a short period. Health insurers are also benefiting from using these big data analytics in health. They collect patient data and design insurance in an adapted way. All these factors drive the market during the forecast period.

Additionally, growing healthcare IT innovation and supporting regulations have facilitated the adoption of various healthcare technologies such as electronic healthcare records (EHR), remote patient monitoring, and wearable. Everything will be registered with the internet's help from the step of patient entry to discharge, which is estimated to surge the growth of the eHealth market. Increasing focus on infrastructure development and key players making notable efforts to offer convenience for healthcare providers are predicted to generate promising growth opportunities for the market in the coming years.

Furthermore, factors such as advanced technologies available for the patient quickly boost the eHealth market growth. In addition, the standard increase of chronic diseases and the steps taken by the Government in supporting the usage of e-health services is also adding a boost to the market to set new growth heights.

MARKET RESTRAINTS:

The deficiency of supporting infrastructure in emerging countries with expensive health IT tools is anticipated to hamper the growth of the eHealth market. Ensuring information security and protection was the biggest challenge that was highlighted. Healthcare professionals and a patient-centric imperative are in the middle of all digital innovation. Problems in the eHealth sector are limited availability of medical professionals, low medical insurance, and affordability of healthcare services, further inhibiting the eHealth market. Infrastructure gaps remain too substantial, and compliance concerns, regulatory issues, cultural and social biases, financial issues, and lack of quality mentorship are other factors obstructing the market growth.

Additionally, factors related to the privacy and data security of patient issues, lack of reimbursement policies in developing countries, and lack of awareness of available services among patients and consumers are some of the biggest obstacles to the eHealth industry.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Type, Services, End User, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges; PESTLE Analysis, Porter's Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report on the global eHealth market has been segmented based on the Type, services, end-user, and region

eHealth Market - By Type:

  • Telemedicine
  • Consumer
  • Information System
  • EHR
  • ePrescribing
  • Health Information
  • mHealth
  • Health Management
  • Clinical Decision Support

Based on Type, the electronic health records (EHR) segment is anticipated to account for a significant share of the global eHealth market during the forecast period and was the most dominating segment among all in 2021; the dominance of this segment can be credited to the recent transition of healthcare to the cloud and increased adoption of digital services. On the other hand, the EHR segment dominates the global eHealth market, likely due to many developed and developing nations' increased acquisition rate of EHR. In addition, it improves healthcare and provides benefits to healthcare providers for using quick access to patient records.

The mHealth segment is the next leading segment, following the EHR segment. It is expected to grow with a CAGR value of 27.0% during the analysis period. The growth is caused due to the demand for data services and increasing utilization. In addition, the use of advanced medical devices like wearable fitness trackers for continuous monitoring of health and regular insights on progress are supporting the segment's growth. Mobile health applications provide remote care facilities and help encourage patients by setting health goals and targets to meet daily. The growing trend of home healthcare and exercise leads to revenue for the market. The latest advancements in mHealth are leading to growth in the market.

eHealth Market - By Services:

  • Administrative
  • Diagnostic
  • Monitoring
  • Financial

Based on the services, the monitoring segment held the highest share in the market due to the increasing command over self-monitoring devices that monitor different kinds of physical activities and vital signs that produce a database. The growth of this monitoring segment is further attributed to factors like the standard increase of chronic diseases, increasing lifestyle disorders, growing elder people population, and high importance of home healthcare and rehabilitation.

The diagnostics segment has the following market share due to the increased patient diagnoses and the introduction of advanced diagnostics procedures. In addition, digitalizing medicine and related data will improve medical diagnosis. This eHealth will help collect all the data regarding patients undergoing diagnosis and advanced treatment for effective patient care.

eHealth Market Analysis - By End User:

  • Healthcare Consumers
  • Providers
  • Government
  • Insurers

Based on the end-user, healthcare consumers are the leading segment of the e-health market. The growth of this segment is accredited due to factors such as improving healthcare infrastructure in regions like Asia-Pacific and increasing requirements to reduce healthcare costs. Furthermore, the growing cases of chronic illness and the need for hospice care and 24/7 monitoring systems support the need for healthcare consumers. In addition, the growing cases of cardiac and diabetic problems lead to emergencies like heart attacks, further supporting the need for healthcare consumers in the ehealth market. However, the ehealth provider's segment is also expected to have significant growth during the forecast period due to the growing number of market participants like Oura ring, Vantage Health, Mendelian, Galileo Health, Doctor On Demand, Butterfly, MedWand, Peppy, etc. Additionally, the growing advancements in telehealth and mobile software and rising demand are helping the segment's growth.

eHealth Market Analysis - By region:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Regionally, North America occupied most of the market share in 2019 and is expected to dominate in the forthcoming years. The Government of American Health took different steps to fuel market growth through the existence of a digitally maintained population, accessibility of encouraging infrastructures like high-speed internet, and different steps. The United States eHealth market contributed significantly to the North American market and pushed it to the top in 2019. eHealth providers mainly focus on improving solutions to offer end-users' requirements, and escalating healthcare expenses will likely nourish market growth. The rising utilization of e-health solutions among outpatient care services is one factor driving the market demand. In addition, the introduction of new e-health software and services and an upgraded technology population base are projected to augment the market growth. The Canadian eHealth market is expected to have substantial growth in the e-health market. According to the CDC, 50% of the nearly 117 million population is expected to suffer from chronic diseases in the US.

Europe is the second region, followed by North America for the global eHealth market attributed to advanced technologies and the existence of some key players. European spending of 12% of GDP on healthcare. The European eHealth market is primarily driven by factors like advanced technologies and the presence of some significant players in the industry. Increasing demand for new technologies and systems for managing chronic illnesses such as diabetes, orthopedics, and cancer is propelling the market's growth rate. Other favorable government steps, like the execution of the e-Health law, which is targeted at creating electronic health cards and infrastructure for Telemedicine, also boost the market's growth rate. E-health is one of the most adopted ones in Germany after the passage of the Digital Care Act in 2019. Electronic patient records, app-related data, storage and analysis of health data, and video consultations are used as digital technology currently used by the German healthcare sector.

In Asia-Pacific, developing countries like India and China are estimated to lead within this region. It is due to the exposure of the e-health market that is likely to raise the potential of transforming patient-specific healthcare. As a result, Asia-Pacific is expected to grow at the highest rate. This region's growth is attributed mainly to the growing medical tourism industry, increasing per capita income, investments from the Government, and improvements in healthcare systems technologically. eHealth market in India is increasing its presence due to the increasing use of the internet and digital technologies due to government rules and the Covid-19 pandemic. India is home to nearly 5,455 health tech start-ups which drives the eHealth market in this region. India is rich in population, which uses Information and Communication Technologies (ICT) for health (eHealth) to improve all areas and facilitate access to increase healthcare quality. Around 75% of the Indian population lives in remote and rural villages and has less access to basic healthcare facilities. For these people, Telemedicine plays a vital role in providing quality and affordable healthcare to these people and drives the market forward. Chronic diseases and infectious diseases among people are increasing now a day become a primary threat in China. China people have increased mobile and internet use in the last few years. The Chinese Government is encouraging all healthcare sectors to utilize China's telecommunication infrastructure to help national healthcare reform. This region has also increased the number of government-sponsored Internet hospitals and eHealth interventions. Due to increasing technological and digital advancement in China play a significant role in adopting health in this region. Japanese Telemedicine and Robotics adoption has had a significant impact on the system. Increasing Japan's aging population, the shortage of doctors, and the increasing demand for physicians drive the e-Health market in Japan. Japan is increasing the usage of data and ICT in the health, medical, and nursing care fields to provide health support for every citizen. As per Japan's Ministry of Health and Welfare, the increasing use of the internet by 50% of physicians and increasing search for basic information about the hospital before goings drive the eHealth market in Japan.

Latin America is observed to have continuous growth over the period. The increase is responsible for the growing demand for the health management of people and the necessity to reduce healthcare costs. Mexico's health has been growing in recent years due to advancements in healthcare to improve the quality of care. With the increasing population of over 120 million people, the Mexican Government and the healthcare industry are seeking new technological solutions. Hospitals are adopting the eHealth system to over the challenges faced by the hospitals. On the other hand, factors like utilization problems, privacy, and security concerns are estimated to hamper the market of Latin America.

The Middle East & Africa has witnessed steady growth over the period. The growth of this region is caused due to factors like increasing and improving internet facilities, and less per capita income is estimated to fuel the market's growth. In 2021, the United Arab Emirates (UAE) launched an app named Riayati, which tracks healthcare provider data. Health in Africa has been increasing in recent years because of African people's increasing use of the internet, email, and social networking sites. Nearly 70 percent of people are using mobile phones in Africa. The Government in Africa has aimed to build a robust healthcare system. They have designed several health systems for effective and positive responses to have their patient's life healthier. In Africa, this eHealth is used in treating patients, conducting research, educating the health workforce, tracking diseases, and monitoring public health. Telemedicine services reduce the distance barrier and encourage people to have a healthy lifestyle. eHealth Nigeria has developed an electronic health (eHealth) solution to manage patients' data, clinical data, and healthcare outcomes.

KEY MARKET PLAYERS:

Some of the prominent companies leading the global eHealth market profiled in the report are Boston Scientific Corp., IBM, Motion Computing Inc., GE Healthcare, Epocrates Inc., Telecare Corp., CompuMed, Medisafe, SetPoint Medical, Doximity, Lift Labs, Proteus Digital Health, and Apple.

RECENT HAPPENINGS IN THIS MARKET:

  • In 2021, Telemedicine was launched by Lotus Technologies. This Lotus Telemedicine is most used by people in the United States and Indian people, which offers services to these people efficiently.
  • In 2020, GE Healthcare announced an agreement to partner with Microsoft to launch a cloud-based COVID-19 patient monitoring software for health systems designed to provide hospital staff to monitor patients' data.
  • In 2020, Epic partnered with Twilio and launched a teleHealth platform with video communication. Twilio company uses cloud communication for the effective use of data.
  • In March 2020, Allscripts Healthcare Solutions announced a new software solution for specialty medication management, Veradigm. Its business unit is focused on the payer and life sciences.
  • In January 2019, Biotelemetry acquired Geneva healthcare, a remote monitoring manufacturer for implantable cardiac devices.
  • In January 2019, Medici, a medical communication company, acquired Chiron Health, a telehealth company. This acquisition will give Medici Company the to drive the Chiron health platform.
  • In January 2013, AthenaHealth Inc., a provider of online services to doctors and hospitals, said it was acquiring Epocrates Inc. for about $293 billion.
  • In March 2013, Athenahealth acquired Epocrates, mobile health pioneer, and developer of the most widely adopted point-of-care medical application.

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FAQ's

How much is the global eHealth market going to be worth by 2027?

As per our research report, the global eHealth market is forecasted to be worth USD 29.46 billion by 2027.

Which segment by type in the global eHealth market is predicted to lead in the coming years?

The ehr segment by type in the global eHealth market is predicted to showcase the fastest growth rate from 2022 to 2027.

Which region accounted for the largest share in the global eHealth market in 2021?

Geographically, the North American regional market led the eHealth market in 2021.

Which are the companies playing a key role in the eHealth market?

Boston Scientific Corp., IBM, Motion Computing Inc., GE Healthcare, Epocrates Inc., Telecare Corp., CompuMed, Medisafe, SetPoint Medical, Doximity, Lift Labs, Proteus Digital Health, and Apple are some of the notable companies in the global eHealth market.

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