As per our report, the global eHealth market size was valued at USD 12872 Million in 2020 and is predicted to grow USD 26039 Million by 2025. This market is forecasted to grow at a CAGR of 14.80% during the forecast period.
eHealth industry is undoubtedly is a rapidly growing industry. eHealth uses digital technology and telecommunication like computers, mobile devices, and the internet for health development and health care facility. eHealth is frequently used alongside traditional “non-digital” appeal to the delivery information directed to the patient and the health care customer. Increasing health care spending and technological advancement increases the improvement of tracking method. Now a day, the users of the internet in healthcare has overgrown. With the capability of the internet, healthcare professional can promote quality treatment procedures through online.
The eHealth is cost-effective healthcare centres in developed as well as developing countries. The world health organization is promoting eHealth and making a plan to expand digital health service in the domain of healthcare sector.
COVID-19 impact on the global eHealth Market
The effect of the COVID-19 outbreak is severely impacted various industries which resulted as the economic slowdown and the decreased functionalities of these markets. Thus, different pharma companies are now focussing on the digital initiatives towards the doctor and consumers for sustaining the growth during this pandemic situation. Besides, awareness among the consumers regarding the consultation apps, pharmacy app, fitness wearables, and other health sensors are easing them to make their own health choices today. These factors are supporting the growth of the eHealth market, even when there is a severe slump in the health industry during 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 primarily driving the global eHealth market.
Growing knowledge among the hospitals and clinics regarding the benefits associated with e-health solutions and services is another significant growth driver to the market. Increasing chronic diseases and technological advancements are further pushing the global e-health market growth. Rising usage of IoT and big data are also favouring the industry.
Additionally, growing IT healthcare innovation, along with the supporting regulations, has facilitated the adoption of various healthcare technologies such as electronic healthcare records (EHR) remote monitoring and wearable. From the step of patient entry to discharge, everything will be registered with the help of the internet, which is estimated to surge the demand for the eHealth industry. 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 like advance technologies that are available for the patient easily is another factor boosting the eHealth market growth. 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
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 got to be in the middle of all digital innovation. Problems in the eHealth sector are limited availability of medical professionals, low medical insurance, affordability of healthcare service are further inhibiting the eHealth industry. Infrastructure gaps remain too substantial, compliance concerns, regulatory issues, cultural and social biases, financial issues and lack of quality mentorship are some 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, lack of awareness of available services among the patients and consumers are some of the biggest obstacles to the eHealth industry.
REPORT COVERAGE
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 to 2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020 to 2025 |
|
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 on 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 Analysis - By Type
Based on Type, Electronic health records (HER) account for a prominent share in the global eHealth market and is the most dominating segment of eHealth Market, owing to the recent transition of healthcare to cloud and increased adoption of digital services. The EHR segment dominates the global eHealth market that is likely to attribute due to increasing acquisition rate of EHR by many developed and developing nations. It improves healthcare and provides benefits to healthcare providers for the usage of quick access to patient records.
mHealth segment is estimated as the next leading segment, following HER. 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.
eHealth Market Analysis - By Services
As per the services, the monitoring services hold 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 by factors like standard increase of chronic diseases, increasing lifestyle disorders, growing elder people population, and high importance for home healthcare and rehabilitation.
eHealth Market Analysis - By End User
Based on the end-user, healthcare consumers are accounted to be the leading segment of the e-health market. The growth of this segment is accredited due to factors such as improving healthcare infrastructure in the region like Asia-Pacific and increasing requirement to reduce healthcare costs.
eHealth Market Analysis - By region
Regionally, North America has occupied the majority of the market share in 2019 and is expected to dominate in the forthcoming years. Existence of digitally maintained population, accessibility of encouraging infrastructures like high-speed internet and different steps taken by the government of American Health are fueling the market growth.
Europe is the second region, followed by North America for global eHealth market that is attributed due to advance technologies and the existence of some key players. The European eHealth market is primarily driven by factors like advance technologies and the presence of some significant players in the industry. Increasing demand for new technologies, system for effective management of chronic illness such as diabetes, orthopaedics, and cancer is majorly propelling the growth rate of the market. Other favourable government steps like the execution of e-Health law which is targeted in creating electronic health card and infrastructure for telemedicine is also boosting the growth rate of the market.
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 the patient-specific healthcare. Asia-Pacific is expected to grow with the highest rate over the period. The growth of this region is attributed mainly due to the growing medical tourism industry, increasing per capita income, investments from government and improvements in healthcare systems technologically.
Latin America is observed to have continuous growth over the period. The increase is responsible due to the growing demand for the health management of people, the necessity to reduce the healthcare cost. Factors like utilization problems, privacy and security concerns are estimated to hamper the market of Latin America.
The Middle East & Africa is witnessed to have 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 are estimated to fuel the growth of the market.
TOP COMPANIES IN THE MARKET
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 MARKET DEVELOPMENTS
On March 04, 2020, Allscripts Healthcare Solutions has announced the new software solution for speciality medication management, which was delivered by Veradigm. Its business unit is focused on the payer and life sciences.
On January 28, 2019, Biotelemetry acquired Geneva healthcare, a manufacturer of remote monitoring for implantable cardiac devices.
On January 07, 2019, Medici, a medical communication company, has acquired Chiron Health, a telehealth company. This acquisition will give Medici Company to drive Chiron health platform.
On January 07, 2013, AthenaHealth Inc., a provider of online services to doctors and hospitals, said it is acquiring Epocrates Inc. for about $293 billion.
On March 12, 2013, Athenahealth completed the acquisition of Epocrates, mobile health pioneer and developer of the most widely adopted and point-of-care medical application.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By type
5.1.1 Telemedicine
5.1.2 Consumer Information System
5.1.3 EHR
5.1.4 ePrescribing
5.1.5 Health Information
5.1.6 mHealth
5.1.7 Health Management
5.1.8 Clinical Decision Support
5.2 By services
5.2.1 Administrative
5.2.2 Diagnostic
5.2.3 Monitoring
5.2.4 Financial
5.3 By end-use
5.3.1 Healthcare Consumers
5.3.2 Providers
5.3.3 Government
5.3.4 Insurers
6. Geographical Analysis
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Boston Scientific Corp.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 IBM
8.3 Motion Computing Inc.
8.4 GE Healthcare
8.5 Epocrates Inc.
8.6 Telecare Corp.
8.7 CompuMed
8.8 Medisafe
8.9 Set Point Medical
8.10 Doximity
8.11 Set Point Medical
8.12 Lift Labs
8.13 Proteus Digital Health
8.14 Apple
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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